Quarterly report pursuant to Section 13 or 15(d)

Securities Repurchase Agreement Obligations

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Securities Repurchase Agreement Obligations
3 Months Ended
Jun. 30, 2018
Securities Sold under Agreements to Repurchase [Abstract]  
Securities Repurchase Agreement Obligations

As of June 30, 2018, and March 31, 2018, trading securities included collateralized securities subject to repurchase agreements as described in the following table:

 

    June 30, 2018  
    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     12.26 %   $ 86,961     $ 906     $ 6,532     $ 94,399  
Corporate debt     6.83 %     9,896       -       -       9,896  
Non-US sovereign debt     8.41 %     10,277       -       -       10,277  
Total securities sold under repurchase agreements           $ 107,134     $ 906     $ 6,532     $ 114,572  

 

    March 31, 2018 (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 equity     12.04 %   $ 109,821     $ 8,961     $ 7,148     $ 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     $ 10,984     $ 7,148     $ 154,775  

 

The fair value of collateral pledged under repurchase agreements as of June 30, 2018 and March 31, 2018, was $155,459 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.