The Policy covers protection against contingency where the signature of transferor attested by a member broker is later discovered as a forged one. The Policy covers inability of the brokers to complete transactions due to forgery, fabrication, fraud or misrepresentation by the principals. Indemnity is provided up to a stated limit for each stock exchange and all its registered members brokers subject to further a stated limit per Broker. Similar Policy to indemnify the Joint Stock Companies up to a stated limit is also defined to cover losses incurred by the Companies due to non-completion of share transfer transactions for similar reasons.