Securities

The Securities Insuring Agreement (also known as Insuring Agreement E) covers losses resulting directly from extending credit on the faith of Stock Certificates, Deeds or like instruments, Certificates of Origin or Title, Guarantees, Evidences of Debt and Security Agreements, which are forged, altered, lost, stolen, or in some cases, counterfeit. Coverage for loan participations may also be purchased. The bank must have relied in good faith upon the original instrument, and the bank or its authorized representative must have had actual physical possession of the written, original instrument prior to extending the credit.