Medallion Signature Guarantee

J

jimboddb

Guest
Hi Lads,

Just wondering if anybody knows if its possible to get a medallion signature gaurantee any where in Ireland.

Thanks,
J
 
AFAIK this is US-only between financial institutions authorised to issue / accept these guarantees by the SEC; it has no effect, legal or otherwise, outside of the US.
 
mathepac said:
AFAIK this is US-only between financial institutions authorised to issue / accept these guarantees by the SEC; it has no effect, legal or otherwise, outside of the US.
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mathepac this is completely off topic but are you the same mathepac who comments very expertly on an other site about the nature of negative swap spreads?
 
I was under the impression that it was required when selling US shares?

Surely Irish people are selling US based equities all the time?
 
jimboddb said:
I was under the impression that it was required when selling US shares? ...
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It may optionally be required / requested by the agent transferring physical documents (e.g. share certificates) from one party to another, but it is not a legal requirement AFAIK. It protects the agent, the vendor and the purchaser as the guarantee seller (there is usually a price for the service) issues them with a limited indemnity, assuming the bulk of the financial risk in return for the fee. AFAIK its a US / Canada thing only (open to correction, it may have spread).

You might find [broken link removed] article useful, just FYI, no connection with it.
 
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