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CASH AND CASH EQUIVALENTS

9 Months Ended

Dec. 31, 2024

Cash and Cash Equivalents [Abstract]

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS

As of December 31, 2024, and March 31, 2024, cash and cash equivalents consisted of the following:

			December 31, 2024						March 31, 2024
Short term deposits in commercial banks			$	274,776					$	127,051
Short term deposits in National Bank (Kazakhstan)			172,561						196,942
Securities purchased under reverse repurchase agreements			51,685						134,961
Petty cash in bank vault and on hand			42,777						22,613
Short term deposits on brokerage accounts			12,156						2,917
Short term deposits in stock exchanges			9,301						47,830
Short term deposits in National Bank (Tajikistan)			8,367						—
Overnight deposits			4,024						3,557
Cash in transit			2,208						9,633
Bank deposits			275						—
Short term deposits in the Central Depository (Kazakhstan)			152						42
Allowance for cash and cash equivalents			(342)						(462)
Total cash and cash equivalents			$	577,940					$	545,084

As of December 31, 2024, and March 31, 2024, total cash and cash equivalents included short-term collateralized securities received under reverse repurchase agreements which the Group concludes mainly on the KASE. The KASE, in turn, guarantees payments to the counterparty. The terms of the short-term collateralized securities received under reverse repurchase agreements as of December 31, 2024, and March 31, 2024 are presented below:

			December 31, 2024
			Interest rates and remaining contractual maturity of the agreements
			Average interest rate						Up to 30 days						Total
Securities purchased under reverse repurchase agreements
Corporate equity			13.88		%				38,605						38,605
Corporate debt			8.04		%				6,421						6,421
Non-US sovereign debt			4.17		%				2,674						$	2,674
Exchange Traded Notes			7.76		%				2,551						2,551
US sovereign debt			3.25		%				1,434						1,434
Total									$	51,685					$	51,685

			March 31, 2024
			Interest rates and remaining contractual maturity of the agreements
			Average interest rate						Up to 30 days									Total
Securities purchased under reverse repurchase agreements
Corporate equity			14.57		%				$	96,647								$	96,647
US sovereign debt			4.77		%				16,885									16,885
Non-US sovereign debt			4.45		%				12,468									12,468
Corporate debt			5.31		%				8,961									8,961
Total									$	134,961								$	134,961

The securities received by the Group as collateral under reverse repurchase agreements are liquid trading securities with market quotes and significant trading volume. The fair value of collateral received by the Group under reverse repurchase agreements as of December 31, 2024 and March 31, 2024, was $51,963 and $133,380, respectively.

As of December 31, 2024 and March 31, 2024, securities purchased under reverse repurchase agreements included accrued interest in the amount of $18 and $106, with a weighted average maturity of 6 days and 3 days, respectively. All securities reverse repurchase agreement transactions were executed on the KASE.

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- References

No definition available.

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- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

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