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Depository Receipts

July 19, 2012

Are domestically traded securities representing claims of shares of foreign stocks. Those shares are held in deposit in a local bank, which in turn issue depository receipts in the name of the foreign company.

  • Unsponsored issued without involvement of the firm
  • Sponsored issued with the cooperation of the firm
  • Global Depository Receipt, issued outside firm’s home country and outside U.S.

From → Asset Valuation

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