SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

3 Months Ended

Jun. 30, 2023

Securities Sold under Agreements to Repurchase [Abstract]

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

As of June 30, 2023, and March 31, 2023, trading securities included collateralized securities subject to repurchase agreements as described in the following table:

	June 30, 2023
	Interest rates and remaining contractual maturity of the agreements
	Average interest rate		Up to 30 days		30-90 days		Total
Securities sold under repurchase agreements
Non-US sovereign debt	16.67	%	$	1,701,585	$	111,073	$	1,812,658
Corporate debt	16.50	%	735,482		6,743		742,225
US sovereign debt	1.43	%	17,094		—		17,094
Corporate equity	17.00	%	5		—		5
Total securities sold under repurchase agreements			$	2,454,166	$	117,816	$	2,571,982

	March 31, 2023
	Interest rate and remaining contractual maturity of the agreements
	Average interest rate		Up to 30 days		30-90 days		Total
Non-US sovereign debt	15.98	%	$	826,196	$	55,265	$	881,461
Corporate debt	16.07	%	597,559		5,375		602,934
US sovereign debt	1.52	%	17,637		—		17,637
Corporate equity	12.24	%	15,384		—		15,384
Total securities sold under repurchase agreements			$	1,456,776	$	60,640	$	1,517,416

The fair value of collateral pledged under repurchase agreements as of June 30, 2023, and March 31, 2023, was $2,562,107 and $1,519,926, respectively.

Securities pledged as collateral by the Group under repurchase agreements are liquid trading securities with market quotes and significant trading volume.

As of 30 June 2023 and March 31, 2023, securities repurchase agreement obligations included accrued interest in the amount of $8,994 and $25,179, with a weighted average maturity of 10 days and 11 days, respectively. All securities repurchase agreements transactions were executed through the Kazakhstan Stock Exchange.