Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 90

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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 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.

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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, 2024September, 2026Freedom SPC bonds due 2028200,325 200,386 1-2 years: 12%3-5 years: EFFR + 6.5%December, 2023December, 2028Freedom SPC bonds due 202664,738 64,546 5.5%October, 2021October, 2026Accrued interest2,237 2,319 Total debt securities issued$468,835 $267,251 As of December 31, 2024 the carrying value of the Group’s debt securities issued by Freedom SPC bonds due 2026 were  $201,535 and $64,738 for September