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SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

3 Months Ended

Jun. 30, 2021

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

NOTE 9 - SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

NOTE 9 – SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

As of June 30, 2021, and March 31, 2021, trading securities included collateralized securities subject to repurchase agreements as described in the following table:

	June 30, 2021
	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-U.S. sovereign debt		8.21	%	$	199,339	$	1,332	$	200,671
Corporate debt		8.62	%		234,322		-		234,322
US sovereign debt		0.35	%		7,501		-		7,501
Total				$	441,162	$	1,332	$	442,494

	March 31, 2021
	Interest rate 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		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

The fair value of collateral pledged under repurchase agreements as of June 30, 2021, and March 31, 2021, was $460,492 and $426,669, respectively.

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