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Depositary bank |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| New York, as depositary bank, has announced that Grupo Industrial Saltillo, S. LONDON -- Deutsche Bank announces its appointment as successor depositary bank for the New York Stock Exchange-listed American Depositary Receipt (ADR) programs of FIAT S. NEW YORK -- JPMorgan Worldwide Securities Services today announced that it has been appointed successor depositary bank for the common and preferred share American Depositary Receipt (ADR) programs for Petrobras - Petroleo Brasileiro SA (NYSE: PBR & PBRA). |
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