Importance

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Abstract

A system and process for guaranteeing the signatures on securities to be transferred, comprising an electronic storage medium adapted to generate a profile of an individual guarantor enrolled in a signature guarantee program. The profile is divided into fields which can be sorted and used to generate all program documents and reports related to each guarantor. The storage medium maintains lists of qualified guarantors for access by transfer agents. A medallion(s) is issued to each guarantor, carrying information to identify the guarantor. Application of the medallion to a security notifies a transfer agent that the signature authorizing the transfer of the security is valid and in conformance with the law as set forth in the Uniform Commercial Code of the United States. A communications system is connected to the database and is adapted to transmit information from a selected profile in the database to a manufacturer for shipment of an individualized medallion directly to a guarantor. The communications system is also adapted to transmit a list of guarantors and lists of lost, stolen or destroyed medallions to transfer agents.

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First Claim