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How The Medallion Signature Guarantee is Very Useful

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IWC Probate And Will Services
How The Medallion Signature Guarantee is Very Useful

Due to their expertise in transatlantic shareholding sales and transfers, Finders will help you secure the Medallion Guarantee stamp that is necessary to transfer or sell US and Canadian equities.

 

Do you need a Medallion Signature Guarantee Stamp?

 

A medallion guarantee is a particular signature commitment for the transfer of securities. Any forgeries are the responsibility of the financial institution, providing proof that the signature is authentic. Medallion Signature guarantees protect shareholders by stopping illegal transactions and losses for investors. They also limit the transfer agent's responsibility following the acceptance of the certificates. Documents are brought in and it gets signed in front of a representative. The DCU representative observes the document being signed and certifies their attendance by stamping it. Securities transfer agents require Medallion Signature Guarantees because they reduce the risk of financial loss in the event that a sign turns out to be fake.

 

For a shareholder who lives outside of the US, the only way to sell shares or change ownership into a different name is to send the transfer agent the required documents together with a Transfer Request or Stock Power Form that has been stamped with the Medallion Guarantee.

 

The Medallion Guarantee has stamped the Transfer Request Form. It provides an official confirmation of the transfer initiator's authority and legitimacy. The medallion signature guarantee stamp enables the transfer agent to carry out their orders to transfer or sell the shares by confirming the validity of the signature. Its goal is to protect both stockholders and transfer agents from fraud. In light of this, the stamp providers must make sure for themselves that the person initiating a transfer of securities is who they say they are.

 

The UK's provider of the Medallion Guarantee Stamp, the Securities Transfer Agents Medallion Program, is a membership-based organization. They are made up of a select group of companies that are authorized to issue the Medallion Guarantee Stamp but only after they are 100 percent certain that all conditions have been duly met.

 

To help you through the medallion signature guarantee process and ensure that all the paperwork is accurate and complete before sending it on to the stamp provider, our agent offers a simple, rapid turnaround service. To sell or transfer US or Canadian assets, a stock transfer form or its equivalent must be completed, and the signature must be "guaranteed" before a transfer agent would approve the transaction.

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