XML 26 R17.htm IDEA: XBRL DOCUMENT

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

3 Months Ended

Dec. 31, 2021

Securities Sold under Agreements to Repurchase [Abstract]

Securities Repurchase Agreement Obligations

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

As of December 31, 2021, and March 31, 2021, trading securities included collateralized securities subject to repurchase agreements as described in the following table:


	December 31, 2021 (Recast)
	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
Corporate debt	10.30	%	$	314,217	$	—	$	314,217
Non-U.S. sovereign debt	10.51	%	308,878		—		308,878
US sovereign debt	0.36	%	4,398		—		4,398
Corporate equity	—	%	—		—		—
Total			$	627,493	$	—	$	627,493


	March 31, 2021 (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
Non-US sovereign debt	9.28	%	$	229,122	$	—	$	229,122
Corporate debt	9.27	%	138,029		—		138,029
Corporate equity	3.78	%	5,757		—		5,757
US sovereign debt	0.40	%	1,810		—		1,810
Total securities sold under repurchase agreements			$	374,718	$	—	$	374,718

The fair value of collateral pledged under repurchase agreements as of December 31, 2021, and March 31, 2021, was $711,850 and $374,610, respectively.

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