Quarterly report pursuant to Section 13 or 15(d)

Customer and Supplier Concentrations

v3.8.0.1
Customer and Supplier Concentrations
 3 Months Ended
Sep. 30, 2017
Risks and Uncertainties [Abstract]  
Customer and Supplier Concentrations
CUSTOMER AND SUPPLIER CONCENTRATIONS
Customer Concentration
Customers providing 10 percent or more of the Company's revenues for the three months ended September 30, 2017 and 2016 are presented on a comparative basis in the table below:
in thousands
 
 
 
Three Months Ended September 30,
 
2017
 
2016
 
 
 
Amount
 
Percent
 
Amount
 
Percent
 
Total revenue
 
$
2,163,790

 
100.0
%
 
$
1,805,653

 
100.0
%
 
Customer concentrations
 
 
 
 
 
 
 
 
 
HSBC Bank USA
 
$
511,264

 
23.6
%
 
$
506,787

 
28.1
%
 
Morgan Stanley, LLC
 
260,786

 
12.1

 
16,645

 
0.9

 
Mitsubishi Intl. Corp.
 
537,113

 
24.8

 
203,893

 
11.3

 
 
 
$
1,309,163

 
60.5
%
 
$
727,325

 
40.3
%
 
    
The loss of any of the above listed customers could have a material adverse effect on the operations of the Company.
Supplier Concentration
The Company buys precious metals from a variety of sources, including through brokers and dealers, from sovereign and private mints, from refiners and directly from customers. The Company believes that no one or small group of suppliers is critical to its business, since other sources of supply are available that provide similar products on comparable terms.