Company: FRHC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000924805-25-000002
Chunk: 89

Company: Freedom Holding Corp.
Filing Date: 2025-02-07
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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 under repurchase agreements$2,482,004 $274,592 $2,756,596 The fair value of collateral pledged under repurchase agreements as of December 31, 2024, and March 31, 2024, was $2,202,919 and $2,753,601, respectively.Securities pledged as collateral by the Group under repurchase agreements are liquid trading securities with market quotes and significant trading volume.As of December 31, 2024 and March 31, 2024, securities repurchase agreement obligations included accrued interest in the amount of $5,456 and $11,684, with a weighted average maturity of 9 days and 12 days, respectively. All securities repurchase agreements transactions were executed through the KASE.

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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 10 – CUSTOMER LIABILITIES

The Group recognizes customer liabilities associated with deposit funds of its brokerage and bank customers. As of December 31, 2024, and March 31, 2024, customer liabilities consisted of:December 31, 2024March 31, 2024AmountInterestAmountInterestInterest bearing deposits:Term deposits$1,554,503 0.05% - 18.1%$1,221,072 0.04% - 17.3%Total Interest bearing deposits$1,554,503 $1,221,072 Non-interest-bearing deposits:Brokerage customers$1,804,039 $742,902 Current customer accounts424,749 309,856 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