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BROKERAGE AND OTHER RECEIVABLES, NET | 6 Months Ended
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Sep. 30, 2020
BROKERAGE AND OTHER RECEIVABLES, NET |
NOTE 7 - BROKERAGE AND OTHER RECEIVABLES, NET | NOTE 7 - BROKERAGE AND OTHER RECEIVABLES, NET Brokerage and other receivables for the periods ended September 30, 2020 and March 31, 2020 consisted of:
|  | September 30, 2020 |  |  | March 31, 2020 |
Margin lending receivables |  | $ | 155,642 |  |  | $ | 107,770 |
Receivables from brokerage clients |  |  | 2,595 |  |  |  | 4,396 |
Receivable for underwriting and market-making services |  |  | 646 |  |  |  | 67 |
Receivable from sale of securities |  |  | 468 |  |  |  | 1,498 |
Bank commissions receivable |  |  | 62 |  |  |  | 218 |
Other receivables |  |  | 44 |  |  |  | 50 |
Bonds coupon receivable |  |  | 41 |  |  |  | - |
Dividends receivable |  |  | 1 |  |  |  | 1 |
Allowance for receivables |  |  | (1,798 | ) |  |  | (313 | )
Total brokerage and other receivables, net |  | $ | 157,701 |  |  | $ | 113,687 |
On September 30, 2020 and March 31, 2020, amounts due from a single related party customer were $81,795 or 52% and $90,696 or 80%, respectively. Based on experience, the Company considers receivables due from related parties fully collectible. As of September 30, 2020 and March 31, 2020, using historical and statistical data, the Company recorded an allowance for brokerage receivables in the amount of $1,798 and $313, respectively.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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