XML 35 R14.htm IDEA: XBRL DOCUMENT
v3.25.3

MARGIN LENDING, BROKERAGE AND OTHER RECEIVABLES, NET | 6 Months Ended
--- | ---
Sep. 30, 2025
Receivables [Abstract] |
MARGIN LENDING, BROKERAGE AND OTHER RECEIVABLES, NET | MARGIN LENDING, BROKERAGE AND OTHER RECEIVABLES, NET Margin lending, brokerage and other receivables as of September 30, 2025, and March 31, 2025, consisted of:
| September 30, 2025 |  | March 31, 2025
Margin lending receivables | $ | 3,494,576 |  |  | $ | 3,294,569 |
Receivables from telecommunication services | 16,468 |  |  | 9,985 |
Bank commissions receivable | 6,932 |  |  | 7,529 |
Bond coupon receivable and dividends accrued | 5,258 |  |  | 6,832 |
Receivables from brokerage customers | 2,850 |  |  | 2,399 |
Other receivables | 18,935 |  |  | 17,087 |
Allowance for receivables | (16,637) |  |  | (19,256) |
Total margin lending, brokerage and other receivables, net | $ | 3,528,382 |  |  | $ | 3,319,145 |
Margin lending receivables are amounts owed to the Group from customers as a result of borrowings by such customers against the value of qualifying securities, primarily for the purpose of purchasing additional securities. Amounts may fluctuate from period to period as overall customer balances change as a result of market levels, customer positioning and leverage. Credit exposures arising from margin lending activities are generally mitigated by their short-term nature, the value of collateral held and the Group's right to call for margin when collateral values decline. Collateral for margin lending receivables includes cash balances in customers' brokerage accounts and securities, adjusted for customers' off-balance sheet short positions, excluding the Company's own shares held by the clients in their brokerage accounts. As of September 30, 2025, and March 31, 2025, the fair value of collateral held by the Group under margin loans was $5,373,967 and $6,379,368, respectively. As of September 30, 2025, and March 31, 2025, the Company had one non-related party customers and three non-related party customers whose individual balances exceeded 10% of the total margin lending, brokerage, and other receivables balance, amounted to $1,179,017 and $2,323,461, respectively. The collateral held from these non-related party customers was valued at $1,578,444 and $3,218,277 as of September 30, 2025, and March 31, 2025, respectively. For both individual and institutional brokerage customers, the Group may enter into arrangements for securities financing transactions in respect of financial instruments held by the Group on behalf of the customer or may use such financial instruments for our own account or the account of another customer. The Group maintains omnibus brokerage accounts for our customers, including institutional brokerage customers, in which transactions of these customers and the underlying customers of these institutional brokerage customers are combined in a single account with us. As noted above, the Group may use the assets within the omnibus accounts to finance, lend, provide credit or provide debt financing or otherwise use and direct the order or manner of assets for financing of other customers of ours. Where allowed by the regulations applicable to the Group, the Group may accept short sales from these institutional customers and as a result, the Group is only required to maintain positions with third party custodians for the net long positions in each security in the omnibus accounts. As of September 30, 2025 and March 31, 2025, using actual, historical and statistical data, the Group recorded an allowance for brokerage receivables in the amounts of $16,637 and $19,256, respectively.

X
- Definition The entire disclosure for claims held for amounts due to 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 -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration