Daiwa Securities Group Annual Report 2012 Corporate Summary Executive Messages Business Strategy Management Systems & CSR Financial Section Other Information 90 23. Transactions with related parties 24. Special purpose entities subject to disclosure The information on subsidiaries’ material transactions with related parties and individuals for the years ended March 31, 2012 and 2011, and the  resulting account balances with such related party at the balance sheet dates are as follows: The Company has 17.43% of direct voting rights for Totan Holdings Co., Ltd. which is the parent company of Tokyo Tanshi Co., Ltd. Some consolidated subsidiaries utilized 6 special purpose entities for  the year ended March 31, 2012 (6 for year ended March 31, 2011)  principally for the securitization of structured notes in order to sup- port securitization of monetary assets of customers. Those consoli- dated subsidiaries acquire and transfer bonds to those special  purpose entities (incorporated in the Cayman Islands) and issue  structured notes collateralized by those bonds. The Company and  consolidated companies do not own any shares with voting rights in  any of these special purpose entities and have not dispatched any  director or employee to them. Notes issued by those special purpose  entities subject to disclosure as of the fiscal year ended March 31,  2012 and 2011 are ¥405,374 million ($4,943,585 thousand) and  ¥233,649 million, respectively. Description of transactions Account balances Millions of yen Name of related company Paid-in Capital Millions of yen 2012 Tokyo Tanshi Co., Ltd. ¥10,000 Continual transactions of  collateralized short-term  financing agreements Collateralized short-term   financing agreements (liabilities) ¥209,966 Interest and dividend  expense ¥11 Collateralized short-term   financing agreements (assets) 115,859 Interest income 2 Receivables—Other 1 Interest and dividend  income ¥11 Accrued and other  liabilities—Other 2 Interest expense 7 Millions of yen 2011 Continual transactions of  collateralized short-term  financing agreements Collateralized short-term   financing agreements (assets) ¥173,692 Interest and dividend  income  ¥11 Receivables—Other 1 Interest expense 11 Accrued and other  liabilities—Other 1 Thousands of  U.S. dollars 2012 Continual transactions of  collateralized short-term  financing agreements Collateralized short-term   financing agreements (liabilities) $2,560,561 Interest and dividend  expense $134 Collateralized short-term   financing agreements (assets) 1,412,915 Interest income 24 Receivables—Other 12 Interest and dividend  income $134 Accrued and other  liabilities—Other 24 Interest expense 85