| CASH AND CASH EQUIVALENTS |
CASH AND CASH EQUIVALENTS
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March 31, 2022 |
|
March 31, 2021 |
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| Securities purchased under reverse repurchase agreements |
$ |
278,463 |
|
|
$ |
248,946 |
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| Current accounts in clearing organizations |
78,177 |
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|
83,194 |
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| Current accounts with commercial banks |
68,759 |
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|
75,903 |
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| Current accounts with brokers |
64,839 |
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|
94,494 |
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| Current account with National Bank (Kazakhstan) |
42,517 |
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|
36,726 |
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| Petty cash in bank vault and on hand |
37,008 |
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|
25,830 |
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| Current account with National Settlement Depository (Russia) |
35,860 |
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|
28,215 |
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| Accounts with stock exchange |
11,791 |
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|
98,521 |
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| Cash in transit |
4,142 |
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|
— |
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| Current account with Central Bank (Russia) |
3,654 |
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|
6,930 |
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| Current account with Central Depository (Kazakhstan) |
337 |
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|
69 |
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| Total cash and cash equivalents |
$ |
625,547 |
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|
$ |
698,828 |
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As of March 31, 2022 and 2021, with the exception of funds deposited with a bank in the United States which may qualify for FDIC insurance up to $250,000, cash and cash equivalents were not insured. As of March 31, 2022 and 2021, the cash and cash equivalents balance included collateralized securities received under reverse repurchase agreements on the terms presented below:
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March 31, 2022 |
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Interest rates and remaining contractual maturity of the agreements |
|
Average
Interest rate |
|
Up to 30
days |
|
30-90
days |
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Total |
| Securities purchased under reverse repurchase agreements |
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| Corporate equity |
10.26 |
% |
|
$ |
251,516 |
|
|
$ |
— |
|
|
$ |
251,516 |
|
| US sovereign debt |
0.04 |
% |
|
9,952 |
|
|
— |
|
|
9,952 |
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| Non-US sovereign debt |
3.09 |
% |
|
9,734 |
|
|
— |
|
|
9,734 |
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| Corporate debt |
11.92 |
% |
|
7,261 |
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|
— |
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|
7,261 |
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| Total |
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|
$ |
278,463 |
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|
$ |
— |
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|
$ |
278,463 |
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|
March 31, 2021 |
|
Interest rates and remaining contractual maturity of the agreements |
|
Average
Interest rate |
|
Up to 30
days |
|
30-90
days |
|
Total |
| Securities purchased under reverse repurchase agreements |
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| Non-US sovereign debt |
1.07 |
% |
|
$ |
101,258 |
|
|
$ |
— |
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|
$ |
101,258 |
|
| Corporate debt |
4.42 |
% |
|
94,562 |
|
|
— |
|
|
94,562 |
|
| Corporate equity |
2.76 |
% |
|
51,564 |
|
|
— |
|
|
51,564 |
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| US sovereign debt |
0.50 |
% |
|
1,562 |
|
|
— |
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|
1,562 |
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| Total |
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|
$ |
248,946 |
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|
$ |
— |
|
|
$ |
248,946 |
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The securities received by the Company as collateral under reverse repurchase agreements are liquid trading securities with market quotes and significant trading volume. The fair value of collateral received by the Company under reverse repurchase agreements as of March 31, 2022 and 2021, was $380,078 and $272,586 respectively.
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