Ohio Precious Metals Achieves Good Delivery Status
JACKSON, Ohio, Sept. 14, 2012 /PRNewswire/ — Ohio Precious Metals, LLC (OPM) is delighted to announce that effective Tuesday, September 4, 2012, the Commodity Exchange, Inc. (COMEX) added the “OPM” brand of gold and silver to its “Official List of Approved Brands” as deliverable against the Exchange’s Gold and Silver futures contracts respectively. The notification was communicated as a Market Regulation Advisory, which also provides the basis for notification to the Commodity Futures Trading Commission (CFTC).
OPM’s management is thrilled with this latest milestone achievement. The company would like to acknowledge all of the people who actively participated in the support of, preparation of and presentation of this application, e.g., the financial institutions, the metal traders, Metal Registration Ltd., our clients and our staff, who have worked tirelessly to create a truly “world class” company with good delivery status in one of the world’s major physical markets.
Alan Stockmeister, CEO of OPM said, “Since restructuring the company in 2003, we have strived to attain ‘Good Delivery’ status and are ecstatic that the CME Group has chosen to add the OPM brands of gold and silver to their list. We are just one of two that has been added to this market in the last 20 years.” The company hopes to extend this success of “deliverability” to other global market spaces in the near term.
OPM maintains its operations of more than 150 employees in Jackson, OH. The refinery is an ISO 9001:2008, 14001:2004, Hub Zone Certified location in Appalachian Ohio. The company is the only US refiner to be compliant with the EICC/GeSI Conflict Free Smelter program – a program developed to satisfy section 1502 of the Dodd Frank Act. A wholly owned subsidiary of Global Metals Holdings, LLC, OPM is a leading refiner of gold, silver, platinum and palladium providing service to numerous industries including, but not limited to, major collectors, electronics, secondary refiners, pawn and banking.
SOURCE Ohio Precious Metals, LLC