7. Receivables from and Payables to Others

Amounts Receivable from and Payable to Others consist of the following:

(In thousands of dollars)	September 30, 2013		December 31, 2012
Loan receivable	$	300	$	600
Management fees receivable	176		189
Loans and advances	126		234
Receivable from Homeward — transition services	46		—
Principal paydowns — Agency mortgage-backed securities	—		5,744
Interest receivable	—		4,370
Others	401		1,426
Total receivables from others	$	1,049	$	12,563
Payable to former employees - Employee Investment Funds (Refer to Note 10)	$	1,001	$	941
Draft payables	1,191		133
Others	541		1,177
Total payables to others	$	2,733	$	2,251

The Company maintains a group of “zero balance” bank accounts which are included in Payable to others on the Consolidated Statements of Financial Condition. Drafts payable represent the balance in these accounts related to outstanding checks that have not yet been presented for payment at the bank. The Company has sufficient funds on deposit to clear these checks, and these funds will be transferred to the “zero-balance” accounts upon presentment.