SPECTRUM GROUP INTERNATIONAL, INC. | 2012 | FY | 3


ACCOUNTS PAYABLE AND CONSIGNOR PAYABLES
Accounts payable and consignor payables consists of the following:
in thousands
June 30, 2012
 
June 30, 2011
 
 
 
 
Trade payable to customers and consignor payables
$
18,859

 
$
19,198

Advances from customers
21,368

 
25,492

Net liability on margin accounts
14,842

 
28,886

Other accounts payable
464

 
330

Derivative liabilities — open purchases and sales commitments
45,932

 
7,897

Derivative liabilities — forward contracts
326

 
2,064

 
$
101,791

 
$
83,867


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