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 Board declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of USD 12.50845070 per share (equivalent to USD 0.3127113 per depositary receipt share).
(Alliance News) - Consumer goods company Unilever PLC on Thursday said it has secured investor approval to terminate the depositary receipt structure of Unilever NV and, as a result, depositary receipts holders will get Unilever NV ordinary shares in exchange.
NEW YORK: BNY was appointed by Suzano Papel e Celulose SA (Suzano) to upgrade its current Level I American Depositary Receipt (ADR) program, traded over the counter, to a Level II program to be traded on the New York Stock Exchange (NYSE).
A depositary receipt is a negotiable security that is issued on the back of existing publicly traded or physical securities from a different country than where it is issued.
as the depositary bank for its Level 3 American Depositary Receipt (ADR) program, the company said.
B2Gold, a Vancouver-based mid tier gold producer and developer of the Otjikoto gold project, in conjuction with Bank New York Mellon has scored a first for the country's financial market by issuing a Namibian Depositary Receipt (NDR) on the Namibia Stock Exchange (NSX).
23 August 2011 - The Bank of New York Mellon (NYSE:BK), or BNY Mellon, has been hired depositary bank for the NASDAQ-listed American Depositary Receipt (ADR) programme of Tudou Holdings Ltd, the Chinese online video company said Monday.
BNY Mellon, a banking organisation, has been chosen by First Quantum Minerals Limited as the depositary bank for its Zambian Depositary Receipt programme, on the Lusaka Stock Exchange.
BNY Mellon has launched its China 'Next Generation' American depositary receipt (ADR) Index comprising 30 constituent companies with average market capitalisation of US$1.7 billion.
The main beneficiary of the upcoming amendment is Sberbank (with more than 250,000 shareholders), as it does not have a full depositary receipt listing, except through an unsponsored issue that is traded in Germany (SBNA GR).
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.
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.