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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 (recast)
Interest rates and remaining contractual maturity of the agreements
Average interest rate
Up to 30 days30-90 daysTotal
Securities sold under repurchase agreements
   
Non-US sovereign debt12.16 %$580,250 $37,882 $618,132 
Corporate debt13.67 %358,929 18,846 377,775 
Total securities sold under repurchase agreements$939,179 $56,728 $995,907 
 
March 31, 2022 (Recast)
 Interest rate and remaining contractual maturity of the agreements
 
Average interest rate
Up to 30 days30-90 daysTotal
Securities sold under repurchase agreements
  
Corporate debt11.96 %$609,405 $142 $609,547 
Non-US sovereign debt10.85 %222,893 — 222,893 
US sovereign debt0.77 %7,396 — 7,396 
Corporate equity14.00 %388 — 388 
Total securities sold under repurchase agreements$840,082 $142 $840,224 
The fair value of collateral pledged under repurchase agreements as of June 30, 2022, and March 31, 2022, was $995,288 and $834,583, respectively.
Securities pledged as collateral by the Company under repurchase agreements are liquid trading securities with market quotes and significant trading volume.