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Quantitative Finance · Glosario

¿Qué es Depositary receipt?

Definition 17.7 Markets I: The Ecosystem and Exchange-Traded Markets · Capítulo 17 — Delta-One Instruments

A depositary receipt is a security issued by a depositary bank that represents a fixed number (the ratio) of shares of a foreign company held in custody in the home market. It trades and settles in the host market’s currency and system; American depositary receipts (ADRs) are the US form. Receipts can be issued against a deposit of ordinary shares and cancelled for delivery of the shares, for a fee per receipt.

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