|
As of December 31, 2017 and March 31, 2017,
trading securities included collateralized securities subject to repurchase agreements as described in the following table:
| |
|
December 31, 2017 |
|
| |
|
Interest rates and remaining contractual maturity of the agreements |
|
| |
|
Average interest rate |
|
|
Overnight and continuous |
|
|
Up to 30 days |
|
|
30-90 days |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities sold under repurchase agreements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate debt |
|
|
10.25 |
% |
|
$ |
- |
|
|
$ |
21,343 |
|
|
$ |
637 |
|
|
$ |
21,980 |
|
| Corporate equity |
|
|
12.62 |
% |
|
|
- |
|
|
|
112,064 |
|
|
|
1,116 |
|
|
|
113,180 |
|
| Non-US sovereign debt |
|
|
9.59 |
% |
|
|
- |
|
|
|
2,276 |
|
|
|
- |
|
|
|
2,276 |
|
| Total securities sold under repurchase agreements |
|
|
|
|
|
$ |
- |
|
|
$ |
135,683 |
|
|
$ |
1,753 |
|
|
$ |
137,436 |
|
| |
|
March 31, 2017 (Recast)
|
|
| |
|
Interest rate and remaining contractual maturity of the agreements |
|
| |
|
Average interest rate |
|
|
Overnight and continuous |
|
|
Up to 30 days |
|
|
30-90 days |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities sold under repurchase agreements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate debt |
|
|
11.83 |
% |
|
$ |
14,484 |
|
|
$ |
10,923 |
|
|
$ |
- |
|
|
$ |
25,407 |
|
| Corporate equity |
|
|
13.08 |
% |
|
|
- |
|
|
|
29,926 |
|
|
|
956 |
|
|
|
30,882 |
|
| Total securities sold under repurchase agreements |
|
|
|
|
|
$ |
14,484 |
|
|
$ |
40,849 |
|
|
$ |
956 |
|
|
$ |
56,289 |
|
The fair value of collateral pledged under repurchase agreements
as of December 31, 2017 and March 31, 2017, is $188,096 and $68,025, respectively.
Securities pledged as collateral by the Company under repurchase
agreements are liquid trading securities with market quotes and significant trading volume.
|