Medallion Signature Guarantees
Our customers ask for help dealing with shares traded on US and Canadian stock exchanges where the transfer agent requires the transfer paperwork to have a Medallion Signature Guarantee attached to it.
What is a Medallion Signature Guarantee stamp?
The Medallion Guarantee Stamp or MSG stamp is an essential part of the process of transferring shares or other securities traded in North America from one person to another. A good example is where a deceased person owned shares in, say, Dr Pepper Snapple, Kraft Foods Group Inc, IBM, Invesco, Tyco or Marsh & McLennan and the shares are to be transferred to their executors’ names for onward sale. There are a limited number of UK based organisations which physically hold a Medallion Signature Stamp. Title Research is able to source the Stamp as a part of the process of transferring and selling US or Canadian shares for customers in the UK.
What does the Medallion Signature Guarantee stamp do?
When a stamp holder attaches the MSG stamp to transfer papers, it assumes liability for, and guarantees that:
· The person signing the document (e.g. an executor) is authorised to sign it
· The person signing the document has capacity to sign it
· The signature is genuine
Why do you need a Medallion Signature Guarantee Stamp?
The US and Canadian Transfer Agents’ requirement for the MSG stamp are not negotiable – after all, they are taking the risk, sight unseen, that the person who claims to be the executor is indeed the executor and that they are entitled to sell the US or Canadian shares and have the mental capacity to do so.
How can Title Research help you with your Medallion Signature Guarantee Stamp?
We can arrange the transfer and sale of American and Canadian Shares including all the associated paperwork including forms W-8BEN, IRS 706 NA and, where necessary, Federal Transfer Certificates.
For further information on our Medallion Signature Guarantee service, or to start your application now, please contact our Asset Valuation and Transfer team on +44 (0) 345 87 27 600 or for a call back fill out our Contact us form
You may also be interested to know that our team can assist you with the transfer or sale of overseas assets in a number of worldwide jurisdictions. For further information please see our Overseas Assets