CASH AND CASH EQUIVALENTS

9 Months Ended

Dec. 31, 2023

Cash and Cash Equivalents [Abstract]

As of December 31, 2023, and March 31, 2023, cash and cash equivalents consisted of the following:


	December 31, 2023		March 31, 2023

Short term deposits in National Bank (Kazakhstan)	$	237,145	$	357,454
Short term deposits in commercial banks	129,915		83,755
Securities purchased under reverse repurchase agreements	107,262		29,812
Petty cash in bank vault and on hand	49,717		35,998
Short term deposits in stock exchanges	34,696		31,691
Short term deposits on brokerage accounts	2,793		37,417
Overnight deposits	429		1,926
Cash in transit	219		3,364
Short term deposits in the Central Depository (Kazakhstan)	54		—
Allowance for Cash and cash equivalents	(347)		—

Total cash and cash equivalents	$	561,883	$	581,417

As of December 31, 2023, and March 31, 2023, cash and cash equivalents balance included short-term collateralized securities received under reverse repurchase agreements which the Group concludes mainly on KASE. KASE, in turn, guarantees payments to the counterparty. The terms of the short-term collateralized securities received under reverse repurchase agreements as of December 31, 2023, and March 31, 2023 are presented below:


	December 31, 2023
	Interest rates and remaining contractual maturity of the agreements
	Average interest rate		Up to 30 days
Securities purchased under reverse repurchase agreements
Non-US sovereign debt	9.77	%	$	39,123
Corporate equity	16.32	%	34,417
US sovereign debt	5.37	%	23,693
Corporate debt	5.30	%	10,029
Total			$	107,262


	March 31, 2023
	Interest rates and remaining contractual maturity of the agreements
	Average interest rate		Up to 30 days		30-90 days		Total
Securities purchased under reverse repurchase agreements
US sovereign debt	2.06	%	$	17,102	$	—	$	17,102
Corporate equity	17.17	%	6,963		—		6,963
Non-US sovereign debt	6.12	%	3,483		—		3,483
Corporate debt	2.52	%	2,079		185		2,264
Total			$	29,627	$	185	$	29,812

The securities received by the Group as collateral under reverse repurchase agreements are liquid trading securities with market quotes and significant trading volume. The fair value of collateral received by the Group under reverse repurchase agreements as of December 31, 2023, and March 31, 2023, was $107,420 and $31,165, respectively.

As of December 31, 2023 and March 31, 2023, securities purchased under reverse repurchase agreements included accrued interest in the amount of $82 and $11, with a weighted average maturity of 4 days and 9 days, respectively. All securities repurchase agreements transactions were executed through the Kazakhstan Stock Exchange.