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SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

3 Months Ended

Jun. 30, 2024

Securities Sold under Agreements to Repurchase [Abstract]

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

As of June 30, 2024, and March 31, 2024, trading securities included collateralized securities subject to repurchase agreements as described in the following table:


	June 30, 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 debt	13.63	%	1,419,612		224,742		1,644,354
Corporate debt	13.64	%	748,007		156,580		904,587
US sovereign debt	13.50	%	9,853		—		9,853
Total securities sold under repurchase agreements			$	2,177,472	$	381,322	$	2,558,794


	March 31, 2024
	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	13.78	%	$	1,545,080	$	259,948	$	1,805,028
Corporate debt	13.84	%	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

The fair value of collateral pledged under repurchase agreements as of June 30, 2024, and March 31, 2024, was $2,572,331 and $2,753,601, respectively.

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

As of June 30, 2024 and March 31, 2024, securities repurchase agreement obligations included accrued interest in the amount of $9,565 and $11,684, with a weighted average maturity of 14 days and 12 days, respectively. All securities repurchase agreements transactions were executed through the Kazakhstan Stock Exchange.