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TRADING AND AVAILABLE-FOR-SALE SECURITIES AT FAIR VALUE (Tables)

3 Months Ended

6 Months Ended

Sep. 30, 2022

Sep. 30, 2022

Debt Securities, Trading, and Equity Securities, FV-NI [Abstract]

Schedule of trading and available-for-sale securities

As of September 30, 2022, and March 31, 2022, trading and available-for-sale securities consisted of:

			September 30, 2022						March 31, 2022
									(Recasted)
Corporate debt			$	666,137					$	712,133
Non-U.S. sovereign debt			634,056						360,570
Corporate equity			32,522						72,354
U.S. sovereign debt			23,883						10,435
Exchange traded notes			2,946						2,884
Total trading securities			$	1,359,544					$	1,158,377

			September 30, 2022						March 31, 2022
									(Recasted)
Corporate debt			$	155,529					$	145,836
Non-U.S. sovereign debt			8,293						12,997
U.S. sovereign debt			4,352						2,530
Corporate equity			1						1
Total available-for-sale securities, at fair value			$	168,175					$	161,364

Schedule of maturity of available for sale securities

The following tables present maturity analysis for available-for-sale securities as of September 30, 2022, and March 31, 2022:

			September 30, 2022
			Remaining contractual maturity of the agreements
			Up to 1 year						1-5 years						5-10 years						More than 10 years						Total
Non-US sovereign debt			—						430						850						7,013						8,293
Corporate debt			50,533						53,456						49,411						2,129						155,529
US sovereign debt			—						1,389						1,694						1,269						4,352
Corporate equity			—						—						—						1						1
Total available-for-sale securities, at fair value			$	50,533					$	55,275					$	51,955					$	10,412					$	168,175

			March 31, 2022
			Remaining contractual maturity of the agreements
			Up to 1 year						1-5 years						5-10 years						More than 10 years						Total
Non-US sovereign debt			1,692						864						1,086						9,355						12,997
Corporate debt			69,364						50,155						26,284						33						145,836
US sovereign debt			—						—						—						2,530						2,530
Corporate equity			—						—						—						1						1
Total available-for-sale securities, at fair value			$	71,056					$	51,019					$	27,370					$	11,919					$	161,364

Schedule of present securities assets at fair value

The following tables present securities assets in the Сondensed Сonsolidated Balance Sheets or disclosed in the Notes to the condensed consolidated financial statements at fair value on a recurring basis as of September 30, 2022, and March 31, 2022:

			Weighted Average Interest Rate						Total						Fair Value Measurements as of September 30, 2022 using
															Quoted Prices in Active Markets for Identical Assets						Significant Other Observable Inputs						Significant Unobservable Units
															(Level 1)						(Level 2)						(Level 3)
Corporate debt			10.90		%				$	666,137					$	622,933					$	42,689					$	515
Non-U.S. sovereign debt			10.90		%				634,056						421,301						209,418						3,337
Corporate equity			—		%				32,522						19,986						12,213						323
U.S. sovereign debt			4.32		%				23,883						20,997						2,886						—
Exchange traded notes			—		%				2,946						2,465						481						—
Total trading securities									$	1,359,544					$	1,087,682					$	267,687					$	4,175
Corporate debt			12.20		%				$	155,529					$	147,582					$	7,947					$	—
Non-US sovereign debt			5.90		%				8,293						7,661						632						—
US sovereign debt			4.05		%				4,352						3,510						842						—
Corporate equity			—		%				1						—						—						1
Total available-for-sale securities, at fair value									$	168,175					$	158,753					$	9,421					$	1

			Weighted Average Interest Rate						Total						Fair Value Measurements as of March 31, 2022 (Recasted) using
															Quoted Prices in Active Markets for Identical Assets						Significant Other Observable Inputs						Significant Unobservable Inputs
															(Level 1)						(Level 2)						(Level 3)
Corporate debt			9.09		%				$	712,133					$	711,538					$	—					$	595
Non-U.S. sovereign debt			13.15		%				360,571						352,275						—						8,296
Corporate equity			—						72,354						71,827						276						251
U.S. sovereign debt			2.35		%				10,435						10,435						—						—
Exchange traded notes			—						2,884						2,884						—						—
Total trading securities									$	1,158,377					$	1,148,959					$	276					$	9,142
Corporate debt			11.09		%				$	145,836					$	145,836					$	—					$	—
Non-U.S. sovereign debt			5.51		%				12,997						12,551						—						446
U.S. sovereign debt			2.17		%				2,530						2,530						—						—
Corporate equity			—						1						—						—						1
Total available-for-sale securities, at fair value									$	161,364					$	160,917					$	—					$	447

Schedule of valuation techniques and significant level 3 inputs

The tables below present the valuation techniques and significant level 3 inputs used in the valuation as of September 30, 2022, and March 31, 2022. The tables are not intended to be all inclusive, but instead capture the significant unobservable inputs relevant to determination of fair value.

Type

Valuation Technique

FV as of September 30, 2022

Significant Unobservable Inputs

%

Non-US sovereign debt

DCF

$

3,337

Discount rate

48.8%

Estimated number of years

11 years

Corporate debt

DCF

515

Discount rate

74.0%

Estimated number of years

3 months

Corporate equity

DCF

323

Discount rate

58.8%

Estimated number of years

9 years

Total

$

4,175

Type

Valuation Technique

FV as of March 31, 2022

Significant Unobservable Inputs

%

Non-US sovereign debt

DCF

$

7,524

Discount rate

69.0%

Estimated number of years

11 years

Non-US sovereign debt

DCF

772

Discount rate

13.9%

Estimated number of years

1 year

Corporate debt

DCF

595

Discount rate

45.0%

Estimated number of years

3 months

Corporate equity

DCF

251

Discount rate

20.0%

Estimated number of years

9 years

Total

$

9,142

The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the six months ended September 30, 2022, and the year ended March 31, 2022:

			Trading securities						Available-for-sale securities
Balance as of March 31, 2022 (Recasted)			$	9,142					$	1
Purchase of investments that use Level 3 inputs			1,750						446
Reclassification to level 2			(1,267)						—
Sale			(4,716)						—
Revaluation of investments that use Level 3 inputs			(160)						—
Translation difference			(574)						—
Balance as of September 30, 2022 (Recasted)			$	4,175					$	447
Balance as of March 31, 2021 (Recasted)			$	19,032					$	1
Reclassification to level 3			682						—
Reclassification to level 1			(18,370)						—
Purchase of investments that use Level 3 inputs			10,812						—
Revaluation of investments that use Level 3 inputs			(3,014)						—
Balance as of March 31, 2022 (Recasted)			$	9,142					$	1

Schedule of amortized cost, unrealized gains and losses accumulated in other comprehensive income, and fair value of available-for-sale securities

The table below presents the amortized cost, unrealized gains and losses accumulated in other comprehensive income, and fair value of available-for-sale securities as of September 30, 2022, and March 31, 2022:

			September 30, 2022
						Assets measured at amortized cost						Recognized impairment loss in Income Statement						Unrealized gain/(loss) accumulated in other comprehensive income/(loss)						Assets measured at fair value						Maturity Date
Corporate debt						$	152,826					$	(402)					$	3,105					$	155,529					2022 - 2042
Non-US sovereign debt						10,002						—						(1,709)						8,293						2024 - indefinite
U.S. sovereign debt						5,035						—						(683)						4,352						2024 - 2044
Corporate equity						1						—						—						1						not applicable
Total available-for-sale securities, at fair value						$	167,864					$	(402)					$	713					$	168,175

						March 31, 2022 (Recasted)
						Assets measured at amortized cost						Unrealized gain/(loss) accumulated in other comprehensive income/(loss)						Assets measured at fair value						Maturity Date
Corporate debt						$	146,111					$	(275)					$	145,836					2022 - 2035
Non-U.S. sovereign debt						13,784						(787)						12,997						2022 - indefinite
U.S. sovereign debt						2,912						(382)						2,530						2044
Corporate equity						1						—						1						not applicable
Total available-for-sale securities, at fair value						$	162,808					$	(1,444)					$	161,364

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