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Depository receipt |
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Depository receiptSee: ADR American Depository ReceiptDepository receipt Similar MatchesAmerican Depository Receipt RatioAmerican Depository Receipt RatioThe number of ordinary shares into which an ADR can be converted. International Depository Receipt (IDR)International Depository Receipt (IDR)A receipt issued by a bank as evidence of ownership of one or more shares of the underlying stock of a foreign corporation that the bank holds in trust. The advantage of the IDR structure is that the corporation does not have to comply with all the issuing requirements of the foreign country where the stock is to be traded. The US version of the IDR is the American Depository Receipt (ADR). MBS depositoryMBS depositoryA book-entry depository for GNMA securities. The depository was initially operated by MBSCC and is now a separately incorporated, participant-owned, limited-purpose trust company organized under the State of New York Banking Law. Depository Institutions Deregulation and Monetary Control ActDepository Institutions Deregulation and Monetary Control ActThe 1980 federal legislation that ended the regulation of the banking industry. Depository institutionDepository institutionA financial institution that obtains its funds mainly through deposits from the public. This includes commercial banks, savings and loan associations, savings banks and credit unions. Although historically they have broadened their powers in recent years. For example, NOW accounts, credit union share drafts and other services similar to checking accounts may be offered by thrift institutions. Further SuggestionsDepository transfer check (DTC)Depository Trust Company Depository preferred American Depository Receipt Fees Electronic depository transfers American Depository Share (ADS) depository bank Global Depository Receipt |
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