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American Depository Receipt Ratio |
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American Depository Receipt RatioThe number of ordinary shares into which an ADR can be converted.American Depository Receipt Ratio Similar MatchesDepository preferredDepository preferredDevice enabling an issuer to circumvent an arbitrary corporate limit on the number of preferred shares issuable. Applies mainly to convertible securities. Depository Trust CompanyDepository Trust CompanyIn the US, the Depository Trust Company (DTC) is a national clearing house for the settlement of trade in corporate and municipal securities and performs securities custody-related services for its participating banks and broker-dealers. DTC is owned by members of the financial industry and by their representatives who are its users. DTC is 35.1% owned by the New York Stock Exchange on behalf of the Exchange's members. It is operated by a separate management and has an independent board of directors. It is a limited purpose trust company and is a member of the Federal Reserve. American Depository Share (ADS)American Depository Share (ADS)Foreign stock issued in the US and registered in the ADR system. Electronic depository transfersElectronic depository transfersThe transfer of funds between bank accounts through the Automated Clearing House (ACH) system. Depository bankDepository bankA bank organised in the US which provides all the stock transfer and agency services in connection with a depository receipt program. This function includes arranging for a custodian to accept deposits of ordinary shares, issuing the negotiable receipts which back up the shares, maintaining the register of holders to reflect all transfers and exchanges, and distributing dividends in US dollars. Further SuggestionsInternational Depository Receipt (IDR)American Depository Receipt Fees MBS depository Depository receipt Global Depository Receipt Depository transfer check (DTC) Depository institution Depository Institutions Deregulation and Monetary Control Act |
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