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SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
12 Months Ended
Mar. 31, 2024
Securities Sold under Agreements to Repurchase [Abstract]  
SECURITIES REPURCHASE AGREEMENT OBLIGATIONS SECURITIES REPURCHASE AGREEMENT OBLIGATIONS
As of March 31, 2024 and 2023, trading securities included collateralized securities subject to repurchase agreements as described in the following table:
 March 31, 2024
 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 debt13.78 %$1,545,080 $259,948 $1,805,028 
Corporate debt13.84 %923,752 14,644 938,396 
US sovereign debt 3.06 %13,172 — 13,172 
Total securities sold under repurchase agreements $2,482,004 $274,592 $2,756,596 
March 31, 2023
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 debt15.98 %$826,196 $55,265 $881,461 
Corporate debt16.07 %597,559 5,375 602,934 
US sovereign debt1.52 %17,637 — 17,637 
Corporate equity12.24 %15,384 — 15,384 
Total securities sold under repurchase agreements$1,456,776 $60,640 $1,517,416 
The fair value of collateral pledged under repurchase agreements as of March 31, 2024 and 2023, was $2,753,601 and $1,519,926, respectively.
Securities pledged as collateral by the Group under repurchase agreements are liquid trading securities with market quotes and significant trading volume.
As of March 31, 2024 and 2023, securities repurchase agreement obligations included accrued interest in the amount of $11,684 and $25,179, with a weighted average maturity of 12 days and 11 days, respectively. All securities repurchase agreements transactions were executed through the Kazakhstan Stock Exchange.