SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

3 Months Ended

Jun. 30, 2026

Securities Sold under Agreements to Repurchase [Abstract]

SECURITIES REPURCHASE AGREEMENT OBLIGATIONS

As of June 30, 2026, and March 31, 2026, trading securities included collateralized securities subject to repurchase agreements as described in the following table:


	June 30, 2026
	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	16.64	%	$	969,081	$	929	$	970,010
Corporate debt	16.93	%	262,670		21,482		284,152
Corporate equity	2.84	%	44		—		44

Total securities sold under repurchase agreements			$	1,231,795	$	22,411	$	1,254,206


	March 31, 2026
	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	17.87	%	$	798,130	$	—	$	798,130
Corporate debt	17.78	%	183,577		42,205		225,782
Corporate equity	16.25	%	1,011		—		1,011
Total securities sold under repurchase agreements			$	982,718	$	42,205	$	1,024,923

The fair value of collateral pledged under repurchase agreements as of June 30, 2026, and March 31, 2026, was $1,261,089 and $1,023,223, respectively.

Securities pledged as collateral by the Group under repurchase agreements include trading securities, available-for-sale, and held-to-maturity securities with market quotes and significant trading volume.

As of June 30, 2026 and March 31, 2026, securities repurchase agreement obligations included accrued interest in the amount of $5,715 and $3,453, with a weighted average maturity of 9 days and 6 days, respectively.