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Depository bank |
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Depository 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.Similar MatchesAmerican Depository Receipt RatioAmerican Depository Receipt RatioThe number of ordinary shares into which an ADR can be converted. Depository preferredDepository preferredDevice enabling an issuer to circumvent an arbitrary corporate limit on the number of preferred shares issuable. Applies mainly to convertible securities. Depository transfer check (DTC)Depository transfer check (DTC)Check made out directly by a local bank to a particular firm or person. Depository Institutions Deregulation and Monetary Control ActDepository Institutions Deregulation and Monetary Control ActThe 1980 federal legislation that ended the regulation of the banking industry. Global Depository ReceiptGlobal Depository ReceiptA receipt denoting ownership of foreign-based corporation stock shares which are traded in numerous capital markets around the world. Further SuggestionsAmerican Depository Receipt FeesMBS depository Depository institution International Depository Receipt (IDR) American Depository Share (ADS) Depository Trust Company Electronic depository transfers Depository receipt |
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