What is a medallion stamp?

Answer

The Medallion stamp is a form of signature guarantee used in financial transactions. It is an extra layer of authenticity and protection against forged signatures.

A Medallion stamp is most likely to be required when selling or trading securities. To transfer a securities certificate, it needs to be signed over to the new owner, similar to a car title. After it is signed, a financial institution that participates in the Medallion program authenticates the signature and places a stamp with special security features on the certificate. A signature guarantee limits the potential liability and losses of the receiving party if the signature is forged.

Q&A Related to "What is a medallion stamp?"
In order to obtain a medallion guarantee stamp you must visit your bank branch and see the bank manager. The medallion must be guaranteed by the manager. Visit.
http://www.ask.com/web-answers/Business/Other/wher...
Working in the financial services industry, I know many banks/credit unions offer this service to their clients/members. This service is typically used for the guaranteeing of signatures
http://wiki.answers.com/Q/What_banks_offer_medalli...
Medallions were a prominent part of art in ancient civilizations, in particular Rome. Sculpted out of marble and gold with intricate detailing, these medallions were often used in
http://www.ehow.com/about_5032438_medallions.html
They were rumored in the old world (prior to when the local taxi industry imploded with the bankruptcy of Yellow Cab around 1976) to be worth around $300,000. Then the city restructured
http://www.quora.com/San-Francisco-Taxi-Services/W...
Explore this Topic
According to the U.S. Securities and Exchange Commission, STAMP stands for Securities Transfer Agent Medallion Program. A Medallion signature guarantee STAMP is ...
A medallion seal is an imprint stamped on a document by a qualified employee of a financial institution that guarantees that the signature above the seal is authentic ...
A signature guarantee stamp is a stamp from one of three Medallion signature guarantee programs used in the trading of securities. A security that is owned as ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com