What’s the difference between signature authority and spending authority?
Spending Authority is established within JMP's accounting systems (e.g. Zip) and determines the level of expenditure an individual can approve for payment by JMP.
Signature Authority, on the other hand, is an authorization to sign documents that bind JMP to contractual terms.
Even if an individual has sufficient Spending Authority to approve an expenditure, he or she may not sign the contract that obligates JMP to spend those funds unless he or she also has the appropriate Signature Authority.
Who is authorized to sign at JMP?
JMP authorized signatories are:
What about documents I have signed previously without signature authority? Should someone with signature authority now “re-sign” them?
That depends on the nature of the signed document and other relevant factors. Please contact the JMP Legal Division (see who your Legal point of contact is) and we will help determine whether arranging for re-execution of the document is advisable.
