Medallion Guarantee Program
There are three primary Signature Guarantee programs. These are:
This is an acronym for the ‘Securities Transfer Agents Medallion Program’. There are more than 7000 organisations that participate in the STAMP program and these are generally financial institutions across the United States and Canada, in addition there are now a few members in the UK.
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.
This is an acronym for the ‘New York Stock Exchange Medallion Signature Program’, whose 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, inlcuding banks and notaries who are simply not prepared to take that risk. In other words they could become liable for the transaction.
MEDALLION SIGNATURE GUARANTEE
WHAT IS A MEDALLION
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.Learn more
WHAT IS A TRANSFER
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.Learn more
WHAT IS A STOCK TRANSFER
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.Learn more