Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings

12 Months Ended

Mar. 31, 2024

Disclosure of Repurchase Agreements [Abstract]

Repurchase Agreements, and Securities Lending Transactions Accounted for as Secured Borrowings

REPURCHASE AGREEMENTS, AND SECURITIES LENDING TRANSACTIONS ACCOUNTED FOR AS SECURED BORROWINGS

The following tables present gross obligations for payables under repurchase agreements, payables under securities lending transactions and obligations to return securities received as collateral by remaining contractual maturity and class of collateral pledged at March 31, 2023 and 2024. Potential risks associated with these arrangements primarily relate to market and liquidity risks. To manage risks associated with market exposure, the MUFG Group generally revalues the collateral underlying its repurchase agreements and securities lending transactions on a daily basis and monitors the value of the underlying securities, consisting of primarily high-quality securities such as Japanese national government and Japanese government agency bonds, and foreign government and official institution bonds. In the event the market value of such securities falls below the related agreements at contract amounts plus accrued interest, the MUFG Group may be required to deposit additional collateral when appropriate. To address liquidity risks, the MUFG Group conducts stress tests to ensure the adequate level of liquidity is maintained in the event of a decline in the fair value of any collateral pledged.

	March 31, 2023
	Remaining Contractual Maturity
	Overnight  and open		30 days  or less		31-90  days		Over  90 days		Total
	(in billions)
Payables under repurchase agreements	¥	8,593	¥	23,546	¥	8,393	¥	1,640	¥	42,172
Payables under securities lending transactions	947		191		5		69		1,212
Obligations to return securities received as collateral	5,516		642		404		330		6,892
Total	¥	15,056	¥	24,379	¥	8,802	¥	2,039	¥	50,276

	March 31, 2024
	Remaining Contractual Maturity
	Overnight  and open		30 days  or less		31-90  days		Over  90 days		Total
	(in billions)
Payables under repurchase agreements	¥	8,837	¥	20,040	¥	7,209	¥	1,706	¥	37,792
Payables under securities lending transactions	1,015		1		—		76		1,092
Obligations to return securities received as collateral	6,076		610		135		402		7,223
Total	¥	15,928	¥	20,651	¥	7,344	¥	2,184	¥	46,107

Secured borrowing by the class of collateral pledged at March 31, 2023 and 2024 was as follows:

	March 31, 2023
	Payables under  repurchase  agreements		Payables under  securities lending  transactions		Obligations  to return  securities received  as collateral		Total
	(in billions)
Japanese national government and Japanese government agency bonds	¥	13,280	¥	577	¥	3,956	¥	17,813
Foreign government and official institution bonds	17,618		9		1,122		18,749
Corporate bonds	657		70		400		1,127
Residential mortgage-backed securities	9,650		—		—		9,650
Other debt securities	552		—		46		598
Marketable equity securities	367		556		1,368		2,291
Other	48		—		—		48
Total	¥	42,172	¥	1,212	¥	6,892	¥	50,276
	March 31, 2024
	Payables under  repurchase  agreements		Payables under  securities lending  transactions		Obligations  to return  securities received  as collateral		Total
	(in billions)
Japanese national government and Japanese government agency bonds	¥	13,001	¥	359	¥	4,229	¥	17,589
Foreign government and official institution bonds	14,193		—		1,033		15,226
Corporate bonds	773		76		400		1,249
Residential mortgage-backed securities	8,819		—		—		8,819
Other debt securities	346		—		38		384
Marketable equity securities	636		657		1,523		2,816
Other	24		—		—		24
Total	¥	37,792	¥	1,092	¥	7,223	¥	46,107