Depository Receipt definition

Depository Receipt. (DR) means a negotiable security issued outside India by a Depository bank, on behalf of an Indian company, which represent the local Rupee denominated equity shares of the company held as deposit by a Custodian bank in India. DRs are traded on Stock Exchanges in the US, Singapore, Luxembourg, etc. DRs listed and traded in the US markets are known as American Depository Receipts (ADRs) and those listed and traded anywhere/elsewhere are known as Global Depository Receipts (GDRs).

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Depository Receipt means a foreign currency denominated instrument, whether listed on an international exchange or not, issued by a foreign depository in a permissible jurisdiction on the back of eligible securities issued or transferred to that foreign depository and deposited with a domestic custodian and includes ‘global depository receipt’ as defined in the Companies Act, 2013;

Depository Receipt. – means a Put Escrow Receipt, a Call Underlying Interest Deposit or a Futures Underlying Interest Deposit.

Examples of Depository Receipt in a sentence

The Company shall take reasonable commercial efforts to either (i) implement a Level 2 or Level 3 American Depository Receipt (“ADR”) program (the “ADR Program”) including the listing of American Depositary Shares representing Ordinary Shares of the Company on the Nasdaq Capital Market or (ii) to list the Company’s Ordinary Shares for trading on the Nasdaq Capital Market (each of these two, individually: the “Nasdaq Listing”), in each case, as soon as practicable.
The Shares covered by this notice may not be deposited in any unrestricted American Depository Receipt Program relating to the Shares.
In particular, and without limiting the generality of the foregoing, the Depositary agrees to comply, and will cause the Custodian to comply, with the numerical limitations and other applicable conditions set forth in the Operative Guidelines for the Limited Two-way Fungibility of ADRs under the "Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993, as amended" issued by the Indian Ministry of Finance.
This charge will only be applied to long positions open on the record date for the particular underlying American Depository Receipt or Global Depository Receipt.
If you have opened a Buy in relation to an Instrument that is an American Depository Receipt or a Global Depository Receipt, we reserve the right to pass on to you any annual depository service charges, or part thereof, incurred by us when hedging our exposure to you in relation to that Transaction.

More Definitions of Depository Receipt

Depository Receipt or “DR” means an instrument representing an issuer’s securities, where the instrument confers rights in respect of such securities;

Depository Receipt means a Security traded on a local Exchange or Off-market that represents a Security, usually in the form of equity, traded on an external Exchange;

Depository Receipt means a certificate or other record, whether or not in the form of a document, which—

Depository Receipt. (DR) means a negotiable security issued outside India by a

Depository Receipt mean means a receipt or other instrument issued by a

Depository Receipt means a security which represents ownership of an underlying security and which can be traded independently of the underlying security;