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Prices of global depositary receipt are based on the values of related shares, but they are traded and settled independently of the underlying share. Typically, 1 GDR is equal to 10 underlying shares, but any ratio can be used. It is a negotiable instrument which is denominated in some freely convertible currency. [1]
In October 2009, EuroCCP began clearing and settling trades made on the Turquoise platform in 120 of the most heavily traded listed Depositary Receipts. [citation needed] Citi Global Transaction Services acts as settlement agent for trades cleared by EuroCCP, which now provides clearing services in 15 major national markets in Europe: Austria ...
A depositary receipt (DR) is a negotiable financial instrument issued by a bank to represent a foreign company's publicly traded securities. The depositary receipt trades on a local stock exchange . Depositary receipts facilitates buying shares in foreign companies, because the shares do not have to leave the home country.
Citi Appointed Depositary for AU Optronics ADR $365 Million Follow-On Offering NEW YORK--(BUSINESS WIRE)-- Citi, acting through Citibank, N.A., has been appointed as depositary for AU Optronics ...
These include the American depository receipts, or holding companies that make it possible for Alibaba, Baidu and other China-based operations to trade on U.S. stock exchanges. ... Citigroup and ...
Sam will report to Ebru Pakcan, Citi's Global Head of Payments. Global Clearing is an important business for Citi, providing core payment services to financial institutions for the clearing of ...
An American depositary receipt (abbreviated ADR, and sometimes spelled depository) is a negotiable security that represents securities of a foreign company and allows that company's shares to trade in the U.S. financial markets. [1]
The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York.