A-Mark Precious Metals, Inc. Quarterly report pursuant to Section 13 or 15(d)

Receivables (Tables)

6 Months Ended

Dec. 31, 2014

Receivables and secured loans consist of the following as of December 31, 2014 and June 30, 2014:



in thousands
	December 31, 2014			June 30, 2014

Customer trade receivables	$	32,129		$	1,744
Wholesale trade advances	11,583			4,586
Due from brokers	21,648			33,079
Subtotal	65,360			39,409
Secured loans	41,764			41,261
Secured loans (long-term portion)	800			—
Subtotal	107,924			80,670
Less: allowance for doubtful accounts	(30		)	(30		)
Subtotal	107,894			80,640
Derivative assets — open sale and purchase commitments, net	2,428			22,170
Derivative assets — futures contracts	6,174			—
Derivative assets — forward contracts	9,510			14
Receivables, net	$	126,006		$	102,824

The Company's secured loans by portfolio class, which align with management reporting, are as follows:



in thousands
	December 31, 2014				June 30, 2014
Bullion	$	9,960	23.4	%	$	17,361	42.1	%
Numismatic and semi numismatic	26,331		61.9		23,900		57.9
Subtotal	36,291		85.3		41,261		100.0
Other pledged assets⁽¹⁾	6,273		14.7		—		—
Total secured loans	$	42,564	100.0	%	$	41,261	100.0	%



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(1	)	Includes secured loans that are collateralized by borrower's assets, which are not exclusively precious metal products.

The Company disaggregates its secured loans that are collaterlized by precious metal products, as follows:



in thousands
	December 31, 2014				June 30, 2014
Loan-to-value of 75% or more ⁽¹⁾	$	15,647	43.1	%	$	11,950	29.0	%
Loan-to-value of less than 75% ⁽¹⁾	20,644		56.9		29,311		71.0
Secured loans collateralized by precious metal products⁽¹⁾	$	36,291	100.0	%	$	41,261	100.0	%



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(1	)	Excludes secured loans that are collateralized by borrower's assets, which are not exclusively precious metal products.

As summary of the activity in the allowance for doubtful accounts is as follows: