What are generic certificates?
Publicly traded companies are required to have certificates representing their securities. Under corporate law, it is evidence of ownership. Generally, these certificates are produced by bank note companies to ensure that they can not be readily counterfeited. Equity is able to offer generic certificates as a cost effective alternative to bank note paper. Generic certificates have been approved by the exchanges and Equity has a system to produce certificates using special paper that has security features. As a result, we produce securities when they are required without maintaining expensive inventories that may be ultimately destroyed. If you are interested in generic certificates, please call your client service representative.
