Depository Bank: A depository bank is a bank that holds funds or securities that are deposited by other individuals or entities.
A United States depository bank issues the American depository receipt. Foreign corporations will have authorized the bank to represent shares of their stock for this purpose.
American Depository Receipt A receipt indicating a claim on some number (less than one, one, or more than one) of shares in a foreign corporation that a Depository Bank holds for U.S. investors.
Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue.
The depository bank will convert stock dividends for you, and may also arrange for voting. The downside of owning an ADR is that the depository bank acts like a middleman.
depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. One ADR may represent a portion of a foreign share, one share or a bundle of shares of a foreign corporation.
Custodian bank Â- Depository bank
Export credit agency
Investment bank Â- Industrial bank
Merchant bank Â- Mutual savings bank
National bank Â- Offshore bank
Postal savings system
Private bank Â- Retail Bank
Savings and loan association ...
American Depository Receipts (ADRs): Certificates issued by a U.S. Depository Bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue.
 See also: Deposit, Exchange, Stock Exchange, Stock, Market
  
|
RSS
