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depositary receipt

   Also found in: Wikipedia 0.01 sec.
depositary receipt
A negotiable certificate that represents a company's publicly traded debt or equity. Depositary receipts are created when a company's shares or bonds are delivered to a depositary's custodian bank, which instructs the depositary to issue the receipts. Depositary receipts facilitate trading of foreign securities. See also American Depositary Receipt, American Depositary Share.


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net (Staff Writer) JP Morgan said it has been appointed the successor depositary bank for the American Depositary Receipt (ADR) program of TNT, the Netherlands-based international express and mail company.
gif ) Investment firm Kuwait Projects Company (Kipco) has delayed plans to sell global depositary receipts (GDR) abroad due to bad market conditions, its chief executive said in remarks published on Tuesday.
Deutsche Bank today announced its appointment as Depositary Bank for the Regulation S and Rule 144A Global Depositary Receipt (GDR) program of Depa Limited (Depa).
 
 
 
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