SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

12 Months Ended

Mar. 31, 2021

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

NOTE 12 - SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

NOTE 12 - SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

As of March 31, 2021 and 2020, trading securities included collateralized securities subject to repurchase agreements as described in the following table:

	March 31, 2021
	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
Non-US sovereign debt		9.28	%	$	229,812	$	-	$	-	$	229,812
Corporate debt		9.27	%		189,337		-		-		189,337
Corporate equity		3.78	%		5,757		-		-		5,757
US sovereign debt		0.40	%		1,809		-		-		1,809
Total securities sold under repurchase agreements				$	426,715	$	-	$	-	$	426,715

	March 31, 2020
	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		12.16	%	$	20,711	$	-	$	-	$	20,711
Corporate debt		13.27	%		15,974		-		-		15,974
Non-US sovereign debt		13.00	%		11,519		-		-		11,519
Total securities sold under repurchase agreements				$	48,204	$	-	$	-	$	48,204

The fair value of collateral pledged under repurchase agreements as of March 31, 2021 and 2020, was $426,669 and $54,222, respectively.

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