Annual report [Section 13 and 15(d), not S-K Item 405]

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

v3.26.1
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
 12 Months Ended
Mar. 31, 2026
Securities Sold under Agreements to Repurchase [Abstract]  
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
As of March 31, 2026 and 2025, trading securities included collateralized securities subject to repurchase agreements as described in the following table:
  March 31, 2026
  Interest rates and remaining contractual maturity of the agreements
  Average
interest rate		 Up to
30 days		 30-90
days		 Total
 
Securities sold under repurchase agreements
Non-US sovereign debt 17.87  % $ 798,130  $ —  $ 798,130 
Corporate debt 17.78  % 183,577  42,205  225,782 
Corporate equity 16.25  % 1,011  —  1,011 
Total securities sold under repurchase agreements   $ 982,718  $ 42,205  $ 1,024,923 
March 31, 2025
Interest rates and remaining contractual maturity of the agreements
Average
interest rate		 Up to 30
days		 30-90
days		 Total
Securities sold under repurchase agreements
Non-US sovereign debt 15.74  % $ 904,940  $ 2,364  $ 907,304 
Corporate debt 15.95  % 423,572  87,120  510,692 
Corporate equity 3.25  % 447  —  447 
Total securities sold under repurchase agreements $ 1,328,959  $ 89,484  $ 1,418,443 
The fair value of collateral pledged under repurchase agreements as of March 31, 2026 and 2025, was $1,023,223 and $1,436,271, respectively.
Securities pledged as collateral by the Group under repurchase agreements are liquid trading securities with market quotes and significant trading volume.
As of March 31, 2026 and 2025, securities repurchase agreement obligations included accrued interest in the amount of $3,453 and $4,798, with a weighted average maturity of 6 days and 10 days, respectively. All securities repurchase agreements transactions were executed through the Kazakhstan Stock Exchange.