Annual report pursuant to Section 13 and 15(d)

BROKERAGE AND OTHER RECEIVABLES, NET

v3.21.1
BROKERAGE AND OTHER RECEIVABLES, NET
 12 Months Ended
Mar. 31, 2021
BROKERAGE AND OTHER RECEIVABLES, NET  
NOTE 6 - BROKERAGE AND OTHER RECEIVABLES, NET

NOTE 6 - BROKERAGE AND OTHER RECEIVABLES, NET

 

Brokerage and other receivables, net of the Company are comprised of the following:

 

 

 

March 31, 2021

 

 

March 31, 2020

 

 

 

 

 

 

 

 

Margin lending receivables

 

 $ 58,095

 

 

 $ 107,770

 

Receivables from brokerage clients

 

 

 4,199

 

 

 

 4,396

 

Dividends accrued

 

 

 1,392

 

 

 

 1

 

Long-term installments receivables

 

 

 1,280

 

 

 

 -

 

Bank commissions receivable

 

 

 767

 

 

 

 218

 

Receivable for underwriting and market-making services

 

 

 564

 

 

 

 67

 

Receivable from sale of securities

 

 

 484

 

 

 

 1,498

 

Other receivables

 

 

 56

 

 

 

 50

 

 

 

 

 

 

 

 

 

 

Allowance for receivables

 

 

 (2,036 )

 

 

 (313 )

 

 

 

 

 

 

 

 

 

Total brokerage and other receivables, net

 

 $ 64,801

 

 

 $ 113,687

 

 

On March 31, 2021 and 2020, amounts due from a single related party customer were $8,948 and $90,696, respectively or 14% and 80% respectively, of total brokerage and other receivables, net. Based on historical data, the Company considers receivables due from related parties fully collectible. As of March 31, 2021 and 2020, using historical and statistical data, the Company recorded an allowance for brokerage receivables in the amounts of $2,036 and $313, respectively.