Validating a signature by a stamp or seal performed by a member of a bank or stock exchange. In order to change the ownership of an account, a signature guarantee would have to be provided.
A stamp or seal given by a bank or member of a domestic stock exchange that authenticates a signature. A signature guarantee is typically required by a mutual fund sponsor to conduct certain transactions, such as the change in ownership of an account.
A written representation signed by an officer or authorized employee of the guarantor, showing that the signature of a shareowner is genuine. A commercial bank, broker-dealer, or other authorized guarantor can provide this service. A notary cannot be accepted.
proof that your signature is valid. Homestead Funds requires a specific type of guarantee called a medallion stamp. Most banks or other financial institutions can issue them.
The authentication of a signature in the form of a stamp, seal, or written confirmation by a bank or member of a domestic stock exchange (or other acceptable guarantor). A notary public cannot provide a signature guarantee. A signature guarantee is a common requirement when transferring or redeeming shares or changing the ownership of an account.
An authentication of a signature in the form of a stamp or seal by a bank stock exchange member, or another acceptable guarantor. Often required when securities are transferred from one party to another. see also guarantee.
A certificate issued by a bank or brokerage firm vouching for the authenticity of a person's signature. This kind of document may be necessary when stocks, bonds and other registered securities are transferred from a seller to a buyer. Banks also require signature guarantees before they will process certain transactions.
a guarantee you can obtain from a financial institution -- such as your bank -- that your signature is yours and that it is genuine
a warranty by the signature guarantor that the endorser of a stock certificate or stock power form is an appropriate person to endorse and thus transfer the security
Rubber stamp (or typed - not handwritten) placed next to an individual's name indicating validity of the endorsement. The grantor accepts financial liability.
An assurance f rom a financial institution that indicates the signature of the person making a request is true and correct. The guarantor assumes liability for circumstances that arise from a signature that is proved to be invalid. See Medallion Stamp.
The authentication of an individual's signature by a bank, stock exchange or other guarantor. Financial institutions will not accept a notary as an alternative to a signature guarantee.
A financial institution guarantees that the signature is not a forgery. A signature guarantee may be executed by an 'eligible' guarantor. Eligible guarantors include Commercial Banks, Trust Companies, Savings Associations and credit unions as defined by the Federal Deposit Insurance Act. Also included are member firms of a domestic stock exchange.
A written representation placed by an authorized person on the assignment or bond power attached to a registered certificated security. The guarantee affirms that the person who signed the assignment or bond power is the person in whose name the securities are registered or is authorized to act on behalf of such person and that the signature is genuine. The signature guarantee provides assurance to the transfer agent that the transfer is proper and can be completed. See: ASSIGNMENT.
A verification of a signature that is typically provided by a bank, brokerage company firm or other types of financial intermediaries. A signature guarantee cannot be obtained by a notary public.
A warranty by the guarantor that the signature of the shareholder is genuine and the shareholder is competent and authorized to sign. Not the same as acknowledgment by a notary public.
A stamp from a bank, credit union or broker-dealer that is a member of the National Association of Securities Dealers that guarantees the authenticity of a signature. A Medallion Signature Guarantee is the only guarantee accepted by Sit Mutual Funds. A notary public is not a substitute for a Medallion Signature Guarantee.
An assurance by a financial institution or other entity that a particular signature is valid. Typical guarantors include commercial banks, trust companies, savings and loan associations, or member firms of a national securities exchange.
A stamp or seal provided by a bank or member of a domestic stock exchange that guarantees the authenticity of a signature. A notary public cannot provide a signature guarantee.
A signature guarantee is a stamp provided by a bank or other financial institution that verifies your signature. You sign the document and have the signature guaranteed by an eligible guarantor institution (such as a bank, broker-dealer, credit union, national securities exchange, registered securities association, clearing agency, and savings association) that participates in the Medallion Signature Guarantee Program approved by the Securities Transfer Association, Inc. A notary public cannot provide a signature guarantee. Firsthand Funds accept only STAMP 2000 New Technology Medallion Guarantee Stamps.