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In the United States and Canada, a medallion signature guarantee is a special signature guarantee for the transfer of securities. It is a guarantee by the transferring financial institution that the signature is genuine and the financial institution accepts liability for any forgery. Signature guarantees protect shareholders by preventing unauthorized transfers and possible investor losses.
Bank Provided Guarantee. A commercial letter of credit is a guarantee from the issuing bank that the amount stated in the letter will be paid when certain conditions are met. A buyer of imported goods obtains the letter from his bank before placing an order.he bank will help you establish the conditions that must be met before the seller can collect on the letter of credit. Conditions typically include presenting a commercial invoice that matches the value of the letter, a shipping bill of lading and shipping the goods by a certain date.