How to get a Medallion Guarantee
Firstly and most importantly we can help and can supply the Medallion Signature Guarantee however what needs to be understood when asking how to get a medallion guarantee is what exactly is a Medallion Guarantee, often referred to as a Medallion Signature Guarantee Stamp. This is because by understanding what a Medallion Stamp is you can see why the process can be complex and why there are so few companies in the UK that actually can supply the Signature Guarantee.
What is a Medallion Signature Guarantee Stamp
As the name suggests the Medallion is an actual ink Stamp, the stamp is generally placed on a Transfer Agents stock transfer form, but of course this is not necessarily the case and depend on what documents require the stamp. Although the stamp is simple enough in its process, the requirements and checks that must be carried out are not quite so simple. This is because the organisation stamping the documents takes the responsibility for guaranteeing that that signature applied to the stock transfer form is genuine.
What is required to obtain a Medallion Signature Guarantee Stamp
In order to apply the Medallion Stamp, we will need to verify the applicant is 100% the person who owns the stock or shares, typically stock which is listed in the US or Canadian stock markets. This is done by the applicant providing certified and verified Identification documentation which is then checked against Money Laundering Databases. A marker will be placed on the credit file of the applicant. This marker is not seen by other credit reference agencies. In addition to the identification documents the applicant will need to provide proof of ownership of the stock. For further details of how we can assist with the medallion signature guarantee stamp application please contact us through our website or on 020 8150 2010.