depositary receipt


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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.
References in periodicals archive ?
The Bank of New York, a global leader in securities servicing, has been selected as successor depositary by CRH plc for its American depositary receipt (ADR) program.
NEW YORK -- JPMorgan today announced the launch of its first Depositary Receipt Index program with a dozen indexes designed to provide retail and institutional investors with new investable benchmarks for global equity performance.
A Depositary Receipt (DR) represents the local shares of a company and can be structured as either an American Depositary Receipt (ADR) or a Global Depositary Receipt (GDR).
LONDON -- Deutsche Bank (NYSE:DB)(GER:DBK)(LSE:DBK) announces its appointment as successor depositary bank for the American Depositary Receipt (ADR) program of Wolters Kluwer nv (Wolters Kluwer).
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.
LONDON -- Deutsche Bank (NYSE:DB)(GER:DBK)(LSE:DBK) today announced its appointment as depositary bank for the New York Stock Exchange-listed American Depositary Receipt (ADR) program of Genesis Lease Limited (Genesis).
LONDON -- Deutsche Bank (NYSE:DB)(GER:DBK)(LSE:DBK) announces its appointment as depositary bank for the New York Stock Exchange-listed American Depositary Receipt (ADR) program of New Oriental Education & Technology Group Inc.
LONDON -- Deutsche Bank (NYSE:DB) (GER:DBK) (LSE:DBK) announces its appointment as depositary bank for the New York Stock Exchange-listed American Depositary Receipt (ADR) program of WNS (Holdings) Limited (WNS).
Christopher Sturdy, executive vice president and head of the depositary receipt division at The Bank of New York, said, "The Bank of New York remains the trustee of choice for commodity-based products in the U.
NEW YORK -- The Bank of New York, a global leader in securities servicing, will act as depositary bank for MOL Hungarian Oil and Gas Plc's Level I depositary receipt (DR) program upgrade from its Regulation S DR program.
Christopher Sturdy, executive vice president of The Bank of New York's Depositary Receipt Division, said, "As the world's largest depositary bank, we have been at the forefront of helping companies in emerging markets access new sources of capital and increase their visibility with global investors.
The trust, based on a proprietary process developed by The Bank of New York's Depositary Receipt (DR) Division, provides a cost-effective and convenient method to invest in silver.