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CORRECTING and REPLACING Deutsche Bank Appointed as Depositary Bank for the Sponsored Level I American Depositary Receipt Program of ALK-Abelló A/S NEW YORK & COPENHAGEN--(BUSINESS WIRE ...
It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ ...
The first ADR was introduced by J.P. Morgan in 1927 for the British retailer Selfridges on the New York Curb Exchange, the American Stock Exchange's precursor. [4] They are the U.S. equivalent of a global depository receipt (GDR). Securities of a foreign company that are represented by an ADR are called American depositary shares (ADSs).
Deutsche Bank Appointed as Depositary Bank for the Level III NYSE-Listed American Depositary Receipt Program of Portugal Telecom, SGPS, S.A. NEW YORK--(BUSINESS WIRE) ...
Treasury Tax and Loan Service, or TT&L, is a service offered by the Federal Reserve Banks of the United States that keeps tax receipts in the banking sector by depositing them into select banks that meet certain criteria. TT&L accounts are Treasury accounts created at commercial banks to accept electronic tax payments and to disburse Treasury ...
A global depository receipt (GDR and sometimes spelled depositary) is a general name for a depositary receipt where a certificate issued by a depository bank, which purchases shares of foreign companies, creates a security on a local exchange backed by those shares.
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Popular DR include American Depositary Receipts (ADR), European Depositary Receipts (EDR), global depository receipts (GDR, also referred to as international depository receipts), and Global Registered Shares (GRS). Multi listed or cross-listed shares, by contrast, are technically the same financial instrument. Fungibility is a concern across ...