XML 25 R16.htm IDEA: XBRL DOCUMENT

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

3 Months Ended

Jun. 30, 2022

Securities Sold under Agreements to Repurchase [Abstract]

Securities Repurchase Agreement Obligations

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

As of June 30, 2022, and March 31, 2022, trading securities included collateralized securities subject to repurchase agreements as described in the following table:


	June 30, 2022
	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	12.16	%	$	580,250	$	37,882	$	618,132
Corporate debt	13.67	%	392,091		18,846		410,937
Corporate equity	8.64	%	1,102		—		1,102
Total securities sold under repurchase agreements			$	973,443	$	56,728	$	1,030,171


	March 31, 2022 (Recast)
	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
Corporate debt	12.07	%	$	641,550	$	142	$	641,692
Non-US sovereign debt	10.85	%	222,892		—		222,892
US sovereign debt	0.77	%	7,396		—		7,396
Corporate equity	13.54	%	712		—		712
Total securities sold under repurchase agreements			$	872,550	$	142	$	872,692

The fair value of collateral pledged under repurchase agreements as of June 30, 2022, and March 31, 2022, was $1,028,526 and $867,014, respectively.

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