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SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

12 Months Ended

Mar. 31, 2023

Securities Sold under Agreements to Repurchase [Abstract]

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

As of March 31, 2023 and 2022, trading securities included collateralized securities subject to repurchase agreements as described in the following table:


	March 31, 2023
	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	15.98	%	$	826,196	$	55,265	$	—	$	881,461
Corporate debt	16.07	%	597,559		5,375		—		602,934
US sovereign debt	1.52	%	17,637		—		—		17,637
Corporate equity	12.24	%	15,384		—		—		15,384
Total securities sold under repurchase agreements			$	1,456,776	$	60,640	$	—	$	1,517,416


	March 31, 2022 (Recasted)
	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 debt	11.96	%	$	609,405	$	142	$	—	$	609,547
Non-US sovereign debt	10.85	%	222,893		—		—		222,893
US sovereign debt	0.77	%	7,396		—		—		7,396
Corporate equity	14.00	%	388		—		—		388
Total securities sold under repurchase agreements			$	840,082	$	142	$	—	$	840,224

The fair value of collateral pledged under repurchase agreements as of March 31, 2023 and 2022, was $1,519,926 and $834,751, respectively.

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