Quarterly report pursuant to Section 13 or 15(d)

BROKERAGE AND OTHER RECEIVABLES, NET

v3.21.2
BROKERAGE AND OTHER RECEIVABLES, NET
 3 Months Ended
Jun. 30, 2021
BROKERAGE AND OTHER RECEIVABLES, NET  
NOTE 6 - BROKERAGE AND OTHER RECEIVABLES, NET

NOTE 6 – BROKERAGE AND OTHER RECEIVABLES, NET

 

Brokerage and other receivables for the three months ended June 30, 2021, and March 31, 2021, consisted of:

 

 

 

June 30, 2021

 

 

March 31, 2021

 

 

 

 

 

 

 

 

Margin lending receivables

 

 $ 112,972

 

 

 $ 58,095

 

Receivables from brokerage clients

 

 

 3,750

 

 

 

 4,199

 

Bonds coupon receivable

 

 

 1,791

 

 

 

 -

 

Long-term installments receivables

 

 

 1,162

 

 

 

 1,280

 

Receivable for underwriting and market-making services

 

 

 754

 

 

 

 564

 

Receivable from sale of securities

 

 

 472

 

 

 

 484

 

Dividends accrued

 

 

 444

 

 

 

 1,392

 

Bank commissions receivable

 

 

 230

 

 

 

 767

 

Other receivables

 

 

 1,857

 

 

 

 56

 

 

 

 

 

 

 

 

 

 

Allowance for receivables

 

 

 (1,982 )

 

 

 (2,036 )

 

 

 

 

 

 

 

 

 

Total brokerage and other receivables, net

 

 $ 121,450

 

 

 $ 64,801

 

On June 30, 2021, and March 31, 2021, amounts due from a single related party customer were $25,606 and $8,948, respectively or 21% and 14% respectively, of total brokerage and other receivables, net. Based on historical data, the Company considers receivables due from related parties fully collectible. As of June 30, 2021 and March 31, 2021, using historical and statistical data, the Company recorded an allowance for brokerage receivables in the amounts of $1,982 and $2,036, respectively.