Medallion Guarantee Programs
There are three primary Signature Medallion Guarantee programs. These are STAMP, SEMP, and MSP.
STAMP
This is an acronym for the ‘Securities Transfer Agents Medallion Program’. More than 7000 organisations participate in the STAMP program. These are generally financial institutions across the United States and Canada. Additionally, there are now a few members in the UK.
SEMP
This is an acronym for the ‘Stock Exchanges Medallion Program’. Members of the SEMP program are typically stock exchange member companies, and clearing and trust companies.
MSP
This is an acronym for the ‘New York Stock Exchange Medallion Signature Program’. The participants include New York Stock Exchange member companies.
The Medallion Guarantee program was introduced by Kemark. According to Kemark, the Signature guarantees have been used for hundreds of years.
Why Are They So Difficult to Obtain?
Medallion Signature Guarantee Program
When a STAMP is affixed to a stock transfer form, the person issuing the stamp warrants that the holders identity has been verified and the transfer is not a fraudulent transaction. Thus there are many companies, including banks and notaries who are not prepared to take that risk. In other words they could become liable for the transaction.
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MEDALLION SIGNATURE GUARANTEE
WHAT IS A MEDALLION
GUARANTEE?
A Medallion Guarantee, also known as a Medallion Signature Guarantee or Gold Medallion Guarantee is a special stamp introduced in the USA to help with preventing the Fraudulent Transfer of Securities, Stocks & Shares.
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WHAT IS A TRANSFER
AGENT?
If you own assets in the United States or Canada you will have come into contact with the securities Transfer Agent, known as a Share Registrar in the United Kingdom.
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WHAT IS A STOCK TRANSFER
FORM?
A Medallion signature guarantee is generally applied to the Transfer Agent stock transfer form. Every agent, or Share registrar, uses their own form, it is not possible for us to list or supply every stock transfer form.
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