Meaning Depositary bank
What does Depositary bank mean? Here you find 5 meanings of the word Depositary bank. You can also add a definition of Depositary bank yourself
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Depositary bankA 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 inve [..]
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Depositary banksee bank
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Depositary bankWhen a company decides to issue American Depositary Receipts, it appoints an authorized depositary, normally part of a large U.S. banking institution or trust company.
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Depositary bankAccording to 12 USCS § 5002 (3) (B), [Title 12. Banks and Banking; Chapter 50. Check Truncation] the term depositary bank means--
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Depositary bankA bank that holds American depositary shares and sells them to US investors. Four major commercial banks provide depositary bank services in the US: JPMorgan, Citibank, Deutsche Bank and the Bank of N [..]
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