Quarterly report pursuant to Section 13 or 15(d)

BROKERAGE AND OTHER RECEIVABLES NET

v3.21.2
BROKERAGE AND OTHER RECEIVABLES NET
 6 Months Ended
Sep. 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 as of September 30, 2021, and March 31, 2021, consisted of:

 

 

 

September 30,

2021

 

 

March 31,

2021

 

 

 

 

 

 

 

 

Margin lending receivables

 

 $ 308,256

 

 

 $ 58,095

 

Receivables from brokerage clients

 

 

 4,134

 

 

 

 4,199

 

Long-term installments receivables

 

 

 1,210

 

 

 

 1,280

 

Receivable from sale of securities

 

 

 910

 

 

 

 484

 

Receivable for underwriting and market-making services

 

 

 887

 

 

 

 564

 

Bank commissions receivable

 

 

 443

 

 

 

 767

 

Dividends accrued

 

 

 23

 

 

 

 1,392

 

Bonds coupon receivable

 

 

 3

 

 

 

 -

 

Other receivables

 

 

 2,702

 

 

 

 56

 

 

 

 

 

 

 

 

 

 

Allowance for receivables

 

 

 (1,441 )

 

 

 (2,036 )

 

 

 

 

 

 

 

 

 

Total brokerage and other receivables, net

 

 $ 317,124

 

 

 $ 64,801

 

On September 30, 2021, and March 31, 2021, amounts due from a single related party customer were $215,342 and $8,948, respectively or 69% 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 September 30, 2021, and March 31, 2021, using historical and statistical data, the Company recorded an allowance for brokerage receivables in the amounts of $1,441 and $2,036, respectively.