CASH AND CASH EQUIVALENTS

3 Months Ended

Jun. 30, 2022

Cash and Cash Equivalents [Abstract]

CASH AND CASH EQUIVALENTS

As of June 30, 2022, and March 31, 2022, cash and cash equivalents consisted of the following:


	June 30, 2022		March 31, 2022
			(Recast)
Securities purchased under reverse repurchase agreements	$	319,799	$	278,685
Current accounts in clearing organizations	209,233		78,177
Current accounts with commercial banks	101,547		68,933
Petty cash in bank vault and on hand	74,685		37,148
Current account with National Bank (Kazakhstan)	64,416		42,517
Current account with National Settlement Depository (Russia)	52,953		35,860
Current accounts with brokers	31,110		65,085
Accounts with stock exchanges	25,827		11,791
Current account with Central Bank (Russia)	16,923		3,654
Cash in transit	9,151		4,177
Current account with Central Depository (Kazakhstan)	41		336
Total cash and cash equivalents	$	905,685	$	626,363

As of June 30, 2022, and March 31, 2022, with the exception of funds deposited with a bank in the United States which may qualify for FDIC insurance up to $250,000, cash and cash equivalents were not insured. As of June 30, 2022, and March 31, 2022, the cash and cash equivalents balance included collateralized securities received under reverse repurchase agreements on the terms presented below:


	June 30, 2022
	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
Corporate equity	2.14	%	$	307,522	$	—	$	307,522
Corporate debt	12.68	%	6,290		—		6,290
US sovereign debt	16.50	%	3,554		—		3,554
Non-US sovereign debt	13.77	%	2,409		24		2,433
Total securities sold under repurchase agreements			$	319,775	$	24	$	319,799


	March 31, 2022 (Recast)
	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
Corporate equity	10.26	%	$	251,516	$	—	$	251,516
Non-US sovereign debt	3.09	%	9,956		—		9,956
US sovereign debt	0.04	%	9,952		—		9,952
Corporate debt	11.92	%	7,261		—		7,261
Total securities sold under repurchase agreements			$	278,685	$	—	$	278,685

The securities received by the Company 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 Company under reverse repurchase agreements as of June 30, 2022, and March 31, 2022, was $428,884 and $380,298, respectively.