Daiwa Securities Group Annual Report 2012 9. Pledged assets Secured obligations at March 31, 2012 and 2011 consisted of the following: All above obligations at March 31, 2012 and 2011 are secured by the following assets: In addition to the above, securities borrowed amounting to ¥339,224 million ($4,136,878 thousand) and ¥1,148,947 million were pledged as  guarantees at March 31, 2012 and 2011, respectively. Total fair value of the securities pledged as collateral at March 31, 2012 and 2011 consisted of the following: Total fair value of the securities received as collateral at March 31, 2012 and 2011 consisted of the following: 81 March 31, 2011 Millions of yen Hedging instrument Hedge accounting treatment Main hedged item Contract amount Fair value Foreign exchange forward contract Allocation method Foreign bond ¥ 222 ¥(141) Fundamental method Forecasted transaction in foreign currency 787 2 Interest swap Special treatment Long-term debt 3,050 (35) Stock index future Fundamental method Investment securities 2,435 183 March 31, 2012 Thousands of U.S. dollars Hedging instrument Hedge accounting treatment Main hedged item Contract amount Fair value Foreign exchange forward contract Allocation method Foreign bond $ 659 $ 659 Fundamental method Forecasted transaction in foreign currency 8,963 (134) Interest swap Fundamental method Long-term debt and government bond 7,603,659 (44,220) Special treatment Long-term debt and government bond 2,214,024 (4,085) Millions of yen Thousands of  U.S. dollars 2012 2011 2012 Short-term borrowings ¥1,372,960 ¥1,985,082 $16,743,414 Payables related to margin transactions 3,110 4,590 37,927 ¥1,376,070 ¥1,989,672 $16,781,341 Millions of yen Thousands of  U.S. dollars 2012 2011 2012 Trading assets ¥1,466,731 ¥1,268,838 $17,886,963 Securities  214 – 2,610 Investment securities 16,301 22,615 198,793 ¥1,483,246 ¥1,291,453 $18,088,366 Millions of yen Thousands of  U.S. dollars 2012 2011 2012 Securities loaned ¥5,997,031 ¥6,130,436 $73,134,524 Other 1,274,261 617,542 15,539,768 ¥7,271,292 ¥6,747,978 $88,674,292 Millions of yen Thousands of  U.S. dollars 2012 2011 2012 Securities borrowed ¥6,695,182 ¥8,623,571 $81,648,561 Other 307,561 502,630 3,750,744 ¥7,002,743 ¥9,126,201 $85,399,305