Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 216

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 8
Chunk 216
---
,749 309,856 Total non-interest-bearing accounts$2,228,788 $1,052,758 Total customer liabilities$3,783,291 $2,273,830 In accordance with Kazakhstan law requirements, commercial banks conclude agreements with JSC Kazakhstan Deposit Insurance Fund ("KDIF"), under which banks are required to pay commissions to KDIF on a periodic basis, the amount of which depends on the term deposits and demand deposits received by banks from their customers. Under the agreement, KDIF insures the term deposits and demand deposits up to $38 for each customer. As at December 31, 2024, and March 31, 2024, respectively, the Group had total amounts in excess of insured bank term deposits of $630,771 and $600,972 for all customers.

NOTE 11 – MARGIN LENDING AND TRADE PAYABLES 

As of December 31, 2024, and March 31, 2024, margin lending and trade payables of the Group comprised the following:December 31, 2024March 31, 2024Margin lending payables$290,387 $839,454 Payables to suppliers of goods and services13,081 10,525 Payables to brokers5,623 157 Payables to merchants5,256 13,475 Trade payable for securities purchased425 485 Other4,271 3,784 Total margin lending and trade payables$319,043 $867,880 The fair value of collateral held by the Group under margin loans as of December 31, 2024, and March 31, 2024 was $1,660,840 and $2,400,361, respectively.

33

Table of ContentsFREEDOM HOLDING CORP.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(All amounts in thousands of United States dollars, except share data, unless otherwise stated)

NOTE 12 – DEBT SECURITIES ISSUED

As of December 31, 2024, and March 31, 2024, outstanding debt securities issued by the Group included the following:Debt securities issued by:Principal Amount as of December 31, 2024Principal Amount as of March 31, 2024Interest rateIssue dateMaturity dateFreedom SPC bonds due 2026$201,535 $— 10.5%September,