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Banking
References
Geib Refining Corporation
maintains active partnerships with our banks; Scotia Mocatta New York,
the bullion banking group of the Bank of Nova Scotia and Bank of
America.
In 2005 Scotia Mocatta purchased the Precious
Metal Lending portfolio of Bank of America (formerly Fleet Bank/Fleet
Precious Metals) based out of
Providence, RI.
Our
Company sources traditional
capital as well as specialized trading lines for gold, silver,
platinum, and palladium. Accordingly, we maintain multi-million
dollar lines with both banks. Our partnership allows us to
trade and transfer bullion world-wide to satisfy customer critical
requirements in all time zones.
In addition to being a banking customer the banks seek
our refining services as well. From time to time, we are called
in to manage precious metal liquidations or coordinate hazardous waste
recovery. In addition to banking institutions, large
jewelry
manufacturers,
major retailers, and CPA firms rely upon our chemists and laboratory
facilities to analyze hundreds of chemical assays per year. These
assays help to ascertain the integrity of complex precious metal
inventories.
As part of its due diligence, the banks
review our controls for inventory, precious metal
accounting,
general accounting, insurance, and physical security and access
controls. We maintain their highest ratings and often allow
some of our systems to be used as models in other corporations.
Should you wish to speak directly with either of our lenders, simply
let us know.
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