Quarterly report [Sections 13 or 15(d)]

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

v3.25.3
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
 6 Months Ended
Sep. 30, 2025
Securities Sold under Agreements to Repurchase [Abstract]  
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
As of September 30, 2025, and March 31, 2025, trading securities included collateralized securities subject to repurchase agreements as described in the following table:
September 30, 2025
Interest rates and remaining contractual maturity of the agreements
Average interest rate
Up to 30 days 30-90 days Total
Securities sold under repurchase agreements
     
Non-US sovereign debt 15.47  % $ 575,652  $ 6  $ 575,658 
Corporate debt 15.96  % 180,626  49,268  229,894 
Corporate equity 16.00  % 792  —  792 
Total securities sold under repurchase agreements $ 757,070  $ 49,274  $ 806,344 
 
March 31, 2025
  Interest rate and remaining contractual maturity of the agreements
 
Average interest rate
Up to 30 days 30-90 days Total
Securities sold under repurchase agreements
Non-US sovereign debt 15.74  % $ 904,940  $ 2,364  $ 907,304 
Corporate debt 15.95  % 423,572  87,120  510,692 
Corporate equity 3.25  % 447  —  447 
Total securities sold under repurchase agreements $ 1,328,959  $ 89,484  $ 1,418,443 
The fair value of collateral pledged under repurchase agreements as of September 30, 2025, and March 31, 2025, was $803,205 and $1,436,271, respectively.
Securities pledged as collateral by the Group under repurchase agreements include trading securities, available-for-sale, and held-to-maturity securities with market quotes and significant trading volume.
As of September 30, 2025 and March 31, 2025, securities repurchase agreement obligations included accrued interest in the amount of $2,402 and $4,798, with a weighted average maturity of 9 days and 10 days, respectively.