Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 71

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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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)

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, 2024Interest rates and remaining contractual maturity of the agreementsAverage interest rate Up to 30 daysTotalSecurities purchased under reverse repurchase agreements  Corporate equity13.88 %38,605 38,605 Corporate debt8.04 %6,421 6,421 Non-US sovereign debt4.17 %2,674 $2,674 Exchange Traded Notes7.76 %2,551 2,551 US sovereign debt3.25 %1,434 1,434 Total$51,685 $51,685 March 31, 2024 Interest rates and remaining contractual maturity of the agreementsAverage interest rate Up to 30 daysTotalSecurities purchased under reverse repurchase agreements Corporate equity14.57 %$96,647 $96,647 US sovereign debt4.77 %16,885 16,885 Non-US sovereign debt4.45 %12,468 12,468 Corporate debt5.31 %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