Delaware Depository Service Company (DDSC) is an Exchange-approved, Delaware-based, limited liability company providing a full range of specialized precious metals custody, accounting and shipping services to financial institutions and industrial companies worldwide. Customers include investment banks, brokerage firms, refining companies, commodity trading houses, major retailers and coin dealers.
Specifically, DDSC receives, inspects, securely stores, internally transfers, and ships world-wide precious metals bullion (in bar, coin and industrial form) for its customers. Relevant accounting support (i.e., account deposit/withdrawal confirmations, inventory reports, and detailed shipping manifests), as well as personalized customer assistance, is also provided.
DDSC was established in 1998 to offer the precious metals industry at large a complete array of bullion and coin custody, shipping, and depository account administration services based in Delaware, which offers precious metals companies and investors numerous tax, cost, operational and accessibility advantages not available to them elsewhere.
DDSC was approved by the Commodity Futures Trading Commission as a licensed depository of the New York Mercantile Exchange (Nymex) for platinum and palladium storage, and the New York Commodity Exchange (the Comex Division of Nymex) for silver storage. DDSC is also licensed by the NYSE-Liffe (Previously the Chicago Board of Trade) to store silver for its member companies and their customers.