| Securities Repurchase Agreement Obligations |
As
of March 31, 2019 and March 31, 2018, trading securities included collateralized securities subject to repurchase agreements as
described in the following table:
| |
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 |
| |
March
31, 2018 (Recast) |
| |
Interest
rate 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 |
12.04% |
|
$
109,821 |
|
$
8,960 |
|
$
7,149 |
|
$
125,930 |
| Corporate
debt |
10.64% |
|
24,257 |
|
2,023 |
|
- |
|
26,280 |
| Non-US
sovereign debt |
8.54% |
|
2,565 |
|
- |
|
- |
|
2,565 |
| Total
securities sold under repurchase agreements |
|
|
$
136,643 |
|
$
10,983 |
|
$
7,149 |
|
$
154,775 |
The
fair value of collateral pledged under repurchase agreements as of March 31, 2019 and March 31, 2018, was $105,842 and $203,140,
respectively.
Securities pledged as collateral
by the Company under repurchase agreements are liquid trading securities with market quotes and significant trading volume.
|