Annual report pursuant to Section 13 and 15(d)

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

v3.23.1
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
 12 Months Ended
Mar. 31, 2022
Securities Sold under Agreements to Repurchase [Abstract]  
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
As of March 31, 2022 and 2021, trading securities included collateralized securities subject to repurchase agreements as described in the following table:
  March 31, 2022 (recast)
  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 debt 14.22  % $ 534,546  $ 142  $ —  $ 534,688 
Non-US sovereign debt 13.47  % 201,666  —  —  201,666 
US sovereign debt 0.77  % 5,968  —  —  5,968 
Corporate equity 14.00  % 388  —  —  388 
Total securities sold under repurchase agreements   $ 742,568  $ 142  $ —  $ 742,710 
March 31, 2021 (recast)
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
Non-US sovereign debt 9.29  % $ 229,122  $ —  $ —  $ 229,122 
Corporate debt 9.23  % 138,029  —  —  138,029 
Corporate equity 3.78  % 5,757  —  —  5,757 
US sovereign debt 0.40  % 1,810  —  —  1,810 
Total securities sold under repurchase agreements $ 374,718  $ —  $ —  $ 374,718 
The fair value of collateral pledged under repurchase agreements as of March 31, 2022 and 2021, was $737,364 and $374,610, respectively.
Securities pledged as collateral by the Company under repurchase agreements are liquid trading securities with market quotes and significant trading volume.