The Securities Transfer Agents Medallion Program Stamp (STAMP) is an authentication and verification system widely used by an extensive range of institutions and organisations across the world in terms of guaranteeing and ensuring the authentication of individual signatures required on the documentation of financial transfers securities. The Securities Transfer Agents Medallion Program Stamp (STAMP) is one of the three widely used guarantee programs around the world. The other two are Stock Exchanges Medallion Program (SEMP) and the Medallion Signature Program (MSP) which is being initially used by the New York’s Stock Exchange. The STAMP program is an unprofitable program which is usually being considered as an official and authoritative signature guarantee program and service. The Securities Transfer Association has also particularly approved the practice of relative STAMP signature guarantee program. As per the rules of the Securities and Exchange Commission (SEC), an individual’s signature on the security documentation needs to be verified and approved before the transfer agents approves the relative security transfers. Furthermore, as per the 17AD-15 rule of the Securities and Exchange Commission (SEC), the transfer agents assist the impartial treatment of financial organisations which also ensures the authentication of signatures in terms of endorsing securities. It enhances and upgrades the overall effectiveness and competency of the security transfer procedure. Moreover, it also eliminates the risk factors associating to the inabilities of signature guarantors in terms of appropriately meeting relative obligations and accountabilities.
The key members of the Securities Transfer Agents Medallion Program Stamp (STAMP) service include credit unions, broker dealers as well as commercial and saving banks. The relative members of the STAMP service must accompany the Medallion imprinting resources and must ensure productive and highly effective bond coverage in terms of ensuring appropriate practice of the relative service. The Medallion stamp on the documentations denotes the transfer agents that the relative signatures are appropriately guaranteed and authorised by a reliable financial organisation which possesses adequate awareness of their customers. As per the illustrations of the Securities and Exchange Commission (SEC), a transfer agent must not approve any documentation without authorising the authentication of the signatures on relative documentations as it involves serious misinterpretations afterwards when the relative signatures are found to be fake and counterfeit. The guarantors usually do not charge for the relative imprint services instead offers them as part of the banking services.
The Securities Transfer Agents Medallion Program Stamp (STAMP) is widely used across Europe in terms of analysing the authenticity and credibility of the signatures of specified individuals requesting the transfer and reclamation of securities. The utilisation of STAMP service proves extremely feasible in terms of ensuring maximum protection to the owners and issuers of relative securities. Moreover, it also proves effective for the transfer agents as the guarantee of securities reduces their liabilities in case the relative signatures are found to be fake and counterfeit. When appending the medallion signature guarantee stamp, the transfer agents and guarantors must ensure that the relative signatures are completely genuine and authorised, whether the specified individual had relative legal authority or not to sign the relative documentations and the signatures required on the relative documentations is being done by the right person or not.
The Securities Transfer Agents Medallion Program Stamp (STAMP) ensures the prevention of unauthorised and unauthenticated issuance and transfer of securities. As per the Security and Exchange Commission (SEC), any individual possessing securities in certificate documentation form who wants to sale or transfer the relative securities will have to sign the relative certificate documentation and gets them approved by the transfer agents. It reflects the fact that an individual will have to get his signatures guaranteed and authenticated before the transfer agents approves the relative transactions. The transfer agents strictly assert the guarantee of signatures as it reduces the capacity of their liabilities in case if the relative signatures are found to be fake and fictitious. An individual or investor may easily acquire their signature guarantee from any financial organisation like credit unions, broker dealers and commercial or savings banks. However, the financial organisation ensuring the signature guarantee must be associated to the relative medallion signature guarantee services. The total members of the Securities Transfer Agents Medallion Program Stamp (STAMP) service are around 7,000 American and Canadian financial organisations.