| Securities Repurchase Agreement Obligations |
As of March 31, 2018 and March 31, 2017, trading
securities included collateralized securities subject to repurchase agreements as described in the following table:
| |
|
March 31, 2018 |
| |
|
Interest rates and remaining contractual maturity of the agreements |
| |
|
Average interest rate |
|
Up to 30 days |
|
30-90 days |
|
Over 90 days |
|
Total |
| |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Securities sold under repurchase agreements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate equity |
|
|
12.04 |
% |
|
$ |
109,821 |
|
|
$ |
8,960 |
|
|
$ |
7,149 |
|
|
$ |
125,930 |
|
| Corporate debt |
|
|
10.64 |
% |
|
|
24,257 |
|
|
|
2,023 |
|
|
|
— |
|
|
|
26,280 |
|
| Non-US sovereign debt |
|
|
8.54 |
% |
|
|
2,565 |
|
|
|
— |
|
|
|
— |
|
|
|
2,565 |
|
| Total securities sold under repurchase agreements |
|
|
|
|
|
$ |
136,643 |
|
|
$ |
10,983 |
|
|
$ |
7,149 |
|
|
$ |
154,775 |
|
| |
|
March 31, 2017 (Recast) |
| |
|
Interest rate and remaining contractual maturity of the agreements |
| |
|
Average interest rate |
|
Overnight and continuous |
|
Up to 30 days |
|
30-90 days |
|
Total |
| |
|
|
|
|
|
|
|
|
|
|
| Securities sold under repurchase agreements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate equity |
|
|
13.08 |
% |
|
$ |
— |
|
|
$ |
29,926 |
|
|
$ |
956 |
|
|
$ |
30,882 |
|
| Corporate debt |
|
|
11.83 |
% |
|
|
14,484 |
|
|
|
10,923 |
|
|
|
— |
|
|
|
25,407 |
|
| Total securities sold under repurchase agreements |
|
|
|
|
|
$ |
14,484 |
|
|
$ |
40,849 |
|
|
$ |
956 |
|
|
$ |
56,289 |
|
The fair value of collateral pledged under repurchase agreements
as of March 31, 2018 and March 31, 2017, was $203,140 and $68,025, respectively.
Securities pledged as collateral by the Company under repurchase
agreements are liquid trading securities with market quotes and significant trading volume.
|