Depositary receipts
Depositary receipts or depositary shares are negotiable certificates issued by a bank to represent the underlying shares of stock, which are held in trust at a foreign custodian bank.
Category: Banking & Finance
Previous: ← Balance Sheet Hedge
More from this Section
- Volatility
Volatility is the standard deviation of daily percentage changes in the underlying exchange ... - International reservesis
... - Boiler room
Boiler room used to describe place or operation in which unscrupulous salespeople call ... - Simple interest
Simple interest is a method for calculating the interest rate on a loan that adjusts for ... - Securitization
Securitization is the process of transformation of a bank loan into tradable securities. ...