Advertisements
Advertisements
Question
What is a Depository Receipt?
Short Note
Solution
A depository receipt is a negotiable financial instrument issued by a bank to represent a foreign company’s equity shares or securities. They are issued to attract a greater amount of investment from other countries.
shaalaa.com
International Capital Market
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Choose the Correct Answer.
An instrument representing ownership interest in securities of a foreign issuer is called ___________
Choose the Correct Answer.
The Issuance of DRs is based on the increase of demand in the ______
Choose the Correct Answer.
Depositary receipts that are traded in an international market other than the United States are called ______
