New York, NY – Computershare Limited (ASX: CPU), a global leader in diversified financial and governance services, and a provider of specialty mortgage servicing, asset management and debt recovery offerings, announced today that Computershare Investor Services has entered into an arrangement with eSignature Group LLC to offer U.S. investors an added option to receive a medallion signature guarantee for the transfer of shares valued up to $250,000.
This new service allows investors to receive a medallion without having had a previous relationship with the medallion provider through eSignatureGuarantee. Computershare is currently the only transfer agent that also offers shareholders a medallion alternative program for low value share positions.
"We are continually seeking innovative ways to improve the shareholder experience and medallions have historically been challenging for shareholders to obtain," stated Jay McHale, president of Investor Services at Computershare. "We are now making shareholders aware of a new method to obtain a medallion and give investors the opportunity to simplify their financial affairs."
Medallions protect shareholders, issuers and transfer agents against losses resulting from unauthorized transfers; and Computershare processes more than 1.2 million transfers a year requiring a medallion signature guarantee. Medallion stamps are offered through financial institutions such as banks and brokerage firms; however, investors generally must have pre-existing relationships and appear in person to obtain the medallion signature guarantee stamp. In recent years, some financial institutions have stopped providing the medallion stamp to customers making them more challenging to obtain and the introduction of this new services helps overcome this issue.
About Computershare Limited
Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialize in corporate trust, bankruptcy, class action and utility administration, and a range of other diversified financial and governance services.
Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers. Computershare is represented in all major financial markets and has over 16,000 employees worldwide.