Depositary bank

(redirected from Depositary Banks)

Depositary Bank

A bank that keeps assets or securities on behalf of a client. All retail banks are depositary banks, because they hold money for account holders.

Depositary bank.

A US bank that holds American depositary shares (ADSs), or shares of corporations based outside the United States, and sells American depositary receipts (ADRs) to US investors is called a depositary bank.

Each ADR represents a specific number of ADSs, based on the bank's agreement with the issuing corporation. The depositary bank ensures that investors receive dividends and capital gains and handles tax payments that may be due in the country where the share-issuing company is headquartered.

References in periodicals archive ?
BNP Paribas stated that it is one of Europe's biggest depositary banks with a network covering 12 fund domiciles and holding 900 billion of assets under depositary.
Deutsche Bank's Trust & Securities Services business, part of the Bank's Global Transaction Banking division, is one of the leading depositary banks for ADRs and Global Depositary Receipts (GDRs).
BNP Paribas is one of Europe s largest depositary banks with a network covering 12 fund domiciles and holding EUR 900 billion of assets under depositary.
BNP Paribas Securities Services, a leading global custodian and one of the largest depositary banks in Europe, today announced that it has been selected by Antin Infrastructure Partners (Antin IP) to act as depositary bank for the Antin Infrastructure Partners II fund, in accordance with the Alternative Investment Fund Managers Directive (AIFMD).
Deutsche Bank's Trust & Securities Services business, part of Global Transaction Banking, is one of the leading depositary banks for ADRs and Global Depositary Receipts (GDRs) and a pioneer in the processing of Global Registered Shares.
Banco Popular is one of Spain s largest depositary banks with 13 billion in assets held under depositary, comprising investment funds, pension funds and Sicavs managed by Allianz Popular and Popular Banca Privada, as well as EPSVs, which are Basque pension plans.
Deutsche Bank, through its Trust & Securities Services business, is one of the leading depositary banks for American Depositary Receipts (ADRs) and GDRs and a pioneer in the processing of Global Registered Shares.
BNP Paribas is one of Europe s largest depositary banks with around EUR 900 billion in assets under depositary.
Deutsche Bank, through its Trust & Securities Services business, is one of the leading depositary banks for ADRs and Global Depositary Receipts (GDRs) and a pioneer in the processing of Global Registered Shares.
E[acute accent]Deutsche Bank, through its Trust & Securities Services business, is one of the leading depositary banks for ADRs and Global Depositary Receipts (GDRs) and a pioneer in the processing of Global Registered Shares.
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, "We are delighted to have been appointed by Stolt Offshore, particularly since the company conducted such an extensive analysis of depositary banks before selecting us as the one that best met their service needs.
E[acute accent]Deutsche Bank, through its Trust & Securities Services business, is one of the leading depositary banks for GDRs and American Depositary Receipts (ADRs) and a pioneer in the processing of Global Registered Shares.