Annual report pursuant to Section 13 and 15(d)

Securities Repurchase Agreement Obligations

v3.20.2
Securities Repurchase Agreement Obligations
 12 Months Ended
Mar. 31, 2020
Securities Sold under Agreements to Repurchase [Abstract]  
Securities Repurchase Agreement Obligations

As of March 31, 2020 and March 31, 2019, trading securities included collateralized securities subject to repurchase agreements as described in the following table:

 

    March 31, 2020  
    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     12.16 %   $ 20,711     $ -     $ -     $ 20,711  
Corporate debt     13.27 %     15,974       -       -       15,974  
Non-US sovereign debt     13.00 %     11,519       -       -       11,519  
Total securities sold under repurchase agreements           $ 48,204     $ -     $ -     $ 48,204  

 

    March 31, 2019  
    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     12.06 %   $ 49,048     $ -     $ 2,146     $ 51,194  
Corporate debt     10.38 %     13,548       -       -       13,548  
Non-US sovereign debt     8.62 %     8,879       -       -       8,879  
Total securities sold under repurchase agreements           $ 71,475     $ -     $ 2,146     $ 73,621  

 

The fair value of collateral pledged under repurchase agreements as of March 31, 2020 and March 31, 2019, was $54,222 and $105,842, respectively.

 

Securities pledged as collateral by the Company under repurchase agreements are liquid trading securities with market quotes and significant trading volume.