| Securities Repurchase Agreement Obligations |
As of December 31, 2018 and March 31, 2018, trading securities included
collateralized securities subject to repurchase agreements as described in the following table:
| |
|
December 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 |
|
|
11.96 |
% |
|
$ |
45,063 |
|
|
$ |
- |
|
|
$ |
2,121 |
|
|
$ |
47,184 |
|
| Corporate debt |
|
|
10.33 |
% |
|
|
13,685 |
|
|
|
- |
|
|
|
- |
|
|
|
13,685 |
|
| Non-US sovereign debt |
|
|
8.91 |
% |
|
|
7,312 |
|
|
|
- |
|
|
|
- |
|
|
|
7,312 |
|
| Total securities sold under repurchase agreements |
|
|
|
|
|
$ |
66,060 |
|
|
$ |
- |
|
|
$ |
2,121 |
|
|
$ |
68,181 |
|
| |
|
March 31, 2018 (Recast) |
|
| |
|
Interest rate 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 |
|
|
$ |
8,961 |
|
|
$ |
7,148 |
|
|
$ |
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 |
|
|
$ |
10,984 |
|
|
$ |
7,148 |
|
|
$ |
154,775 |
|
The fair value of collateral pledged under repurchase agreements
as of December 31, 2018 and March 31, 2018, was $96,707 and $203,140, respectively.
Securities pledged as collateral by the Company under repurchase
agreements are liquid trading securities with market quotes and significant trading volume.
|