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DOES THE VALUE OF THE ASSET MATTER?
Yes, the medallion stamp that operators possess has a maximum surety value assigned, which means some shareholders with higher value holdings may struggle to find a medallion service provider outside the US and Canada.
Stamps have a prefix that indicates their surety limit, which limits how much they can guarantee the transaction for:
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A: $1,000,000
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B: $750,000
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C: $500,000
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D: $250,000
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E: $100,000
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F: $100,000 (Credit Unions per transaction)
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X: $2,000,000
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Y: $5,000,000
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Z: $10,000,000
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In addition, any transfer agent who is a member of the Securities Transfer Association receives $4,000,000 insurance against stolen or counterfeit medallion stamps.
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