Through the medallion signature guarantee your financial institution warrants that a signature authorizing the transfer of a security is authentic. This helps to protect shareholders by reducing the risks of forged signatures. If ANY of these warranties are breached, your institution becomes liable for the ENTIRE value of the security transferred.
In this session, we will review the medallion signature guarantee program and its requirements, including how you and your institution can participate. We will discuss how and when the medallion signature guarantee is to be used and how it is different from using a “standard” signature guarantee or notarizing a signature. Sample procedures for utilizing the stamp and documenting its use will be provided. Join us for this informational session!
What You’ll Learn
- Explain the basic laws governing the Medallion signature guarantee programs
- Determine when to utilize the Medallion signature guarantee stamp
- Recognize potential conflicts of interest
- Understand the warranties represented by the stamp and the potential liability your institution faces if these are breached
- Identify best practices to mitigate risk to you and your institution
- Distinguish between signature guarantees, medallion signature guarantees and notaries
Who Should Attend
This informative session is designed for corporate secretaries, branch managers, administrators and anyone who utilizes the Medallion Signature Guarantee in your institution.