Freedom Holding Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

3. CASH AND CASH EQUIVALENTS

3. CASH AND CASH EQUIVALENTS	12 Months Ended
Mar. 31, 2015
Notes to Financial Statements
CASH AND CASH EQUIVALENTS	As of March 31, 2015 and March 31, 2014 cash and cash equivalents included deposits in U.S. banks in the amount of $8,624,986 and $8,587,245, respectively. The Company’s deposits in U.S. banks are in non-FDIC insured accounts which means they are not insured to the $250,000 FDIC insurance limit.

3. CASH AND CASH EQUIVALENTS

12 Months Ended

Mar. 31, 2015

As of March 31, 2015 and March 31, 2014 cash and cash equivalents included deposits in U.S. banks in the amount of $8,624,986 and $8,587,245, respectively. The Company’s deposits in U.S. banks are in non-FDIC insured accounts which means they are not insured to the $250,000 FDIC insurance limit.

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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