Good delivery is a term used in the securities industry to signify that a certificate has the necessary endorsements and fulfills all specified requirements (including signature guarantees, proper denomination, and other qualifications) so that the title can be transferred by delivery to the buying broker, who is then obligated to accept it.
The Medallion Stamp Program is a securities transfer process approved by the Securities Transfer Association. It enables participating financial institutions to guarantee signatures for the transfer of securities.
A signature guarantee is a written confirmation from a financial institution such as a bank or brokerage firm that a customer's signature is valid. It ensures the legitimacy of transactions involving the transfer of securities.
