Annual report pursuant to Section 13 and 15(d)

18. Securities Repurchase Agreement Obligations

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18. Securities Repurchase Agreement Obligations
12 Months Ended
Mar. 31, 2019
Securities Repurchase Agreement Obligations  
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.