Overseas Depository Bank definition

Overseas Depository Bank means a bank authorised by the issuing company to issue Global Depositary Receipts against issue of Foreign Currency Convertible Bonds or ordinary shares of the issuing company;

Examples of Overseas Depository Bank in a sentence

  • Based on the satisfaction of the previous contracted services and the success of the previous grant projects progress, the district wishes to enter into a new contract to fulfill the conditions of the newly funded Department of Education grant DREAM ( Design, Research, Exhibit Museums) project.

  • The Respondent states that once the loan is taken and the proceeds towards GDRs deposited with Euram, the Issuer Company issues GDRs to investors through the designated Overseas Depository Bank.

  • This document sets out the indicators for the Legal Services Function.The guidance below starts by defining the scope of the Legal Services function and goes onto identify key questions which reflect the requirements of a modern, value for money Legal services function that the indicators are aiming to help organisations explore.

  • The list of subscribers to the GDR issue could also have been sought/cross checked from the Overseas Depository Bank.

  • A perusal of the GDR Scheme of 1993 shows that GDRs are to be “created and issued” by an Overseas Depository Bank.

  • Under the 1993 Scheme, GDRs are created by Overseas Depository Bank, sold to non-resident investors outside India and traded on stock exchanges outside India.

  • When GDRs are cancelled by any entity, it tenders GDRs to the Overseas Depository Bank (ODB) and equivalent number of shares are issued by the Indian Custodian to that entity.CCPLCardinal Capital Partners Ltd, a company owned 100% by AP and it is Investment manager of IFCF.

  • ADRs are issued by Overseas Depository Bank (ODB), who has a Domestic Custodian Bank (DCB) in India.

  • These are known as Qualified Institutional Buyers(QIBs)⇒ GDR are negotiable instruments issued to Overseas Depository Bank on behalf of an Indian Company to raise funds abroad.⇒ The mechanics of a GDR issue may be described with the help of following diagram.⇒ Impact of GDRs on Indian Capital Market: After the globalization of the Indian economy, accessibility to vast amount of resources was available to the domestic corporate sector.

  • The Overseas Depository Bank shall then issue corresponding GDRs to the GDR subscribers abroad.

Related to Overseas Depository Bank

  • Depository Bank means the Institution that issues a specific Depositary Receipt on behalf of the underlying company. The Depository Bank maintains a holding of Stock in the Underlying on which it is able to issue Depositary Receipts;

  • Depository Agent is defined in Section 2.6(a) of the Agreement.

  • Designated Depository Institution A depository institution (commercial bank, federal savings bank, mutual savings bank or savings and loan association) or trust company (which may include the Trustee), the deposits of which are fully insured by the FDIC to the extent provided by law.

  • Depository Institution Any depository institution or trust company, including the Trustee, that (a) is incorporated under the laws of the United States of America or any State thereof, (b) is subject to supervision and examination by federal or state banking authorities and (c) has outstanding unsecured commercial paper or other short-term unsecured debt obligations that are rated P-1 by Moody's, F1+ by Fitch and A-1 by Standard & Poor's.

  • Foreign Depository means (a) Euroclear, (b) Clearstream Banking, societe anonyme, (c) each Eligible Securities Depository as defined in Rule 17f-7 under the Investment Company Act of 1940, as amended, identified to the Fund from time to time, and (d) the respective successors and nominees of the foregoing.

  • Foreign Securities Depository means a foreign securities clearing system qualifying as an Eligible Securities Depository (as defined in Section (b)(1) of Rule 17f-7 under the 0000 Xxx) that is listed on Schedule B annexed hereto, as amended from time to time pursuant to Section 4.5 hereof.

  • Eligible Depository Any Reserve Bank or any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal or state banking authorities, so long as at the time of determination of eligibility the commercial paper or other short-term debt obligations of such depository institution or trust company (or, in the case of a depository institution that is the principal subsidiary of a holding company, the commercial paper or other short-term debt obligations of such holding company) have the Highest Credit Rating Available from at least one Rating Agency.

  • Repo Custodian shall have the meaning set forth in the preamble of this Agreement.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Securities Intermediary The meaning specified in Section 8-102(a)(14) of the UCC.

  • Securities Depositories means DTC; and, in accordance with then current guidelines of the Securities and Exchange Commission, such other addresses and/or such other securities depositories as the District may designate in a Written Request of the District delivered to the Paying Agent.

  • Securities Depository means The Depository Trust Company and any other clearing agency registered with the SEC under Section 17A of the Securities Exchange Act of 1934, as amended (the “1934 Act”), which acts as a system for the central handling of Securities where all Securities of any particular class or series of an issuer deposited within the system are treated as fungible and may be transferred or pledged by bookkeeping entry without physical delivery of the Securities.

  • Insured Depository Institution Insured Depository Institution shall have the meaning ascribed to such term by Section 1813(c)(2) of Title 12 of the United States Code, as amended from time to time.

  • Securities Depository Nominee means, as to any Securities Depository, such Securities Depository or the nominee of such Securities Depository in whose name there shall be registered on the registration books maintained by any Registrar the Bond certificates to be delivered to and immobilized at such Securities Depository during the continuation with such Securities Depository of participation in its book-entry system.

  • Central Depository means Centrálny depozitár cenných papierov SR, a.s., with its registered seat at ul. 29. augusta 1/A, Bratislava 814 80, Slovak Republic, registered in the Commercial Register maintained by the District Court Bratislava I, Section: Sa, Insert No.: 493/B;

  • Note Depository Agreement means the agreement, dated as of the Closing Date, between the Issuer and DTC, as the initial Clearing Agency relating to the Notes, as the same may be amended or supplemented from time to time.

  • Depositary Bank means the first bank to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter.

  • central securities depository means a person or company that provides centralized facilities as a depository of securities, including securities accounts, central safekeeping services and asset services, which may include the administration of corporate actions and redemptions;

  • Clearing Agent means Clearstream Banking AG, Euroclear Bank S.A., and Clearstream Banking S.A. and such further or alternative clearing agent(s) or clearance system(s) as may be approved by the Issuer from time to time and notified to the Holders in accordance with General Condition 4 (each a “Clearing Agent” and together the “Clearing Agents”);

  • U.S. Depository or “Depository” means, with respect to any Security issuable or issued in the form of one or more global Securities, the Person designated as U.S. Depository or Depository by the Company in or pursuant to this Indenture, which Person must be, to the extent required by applicable law or regulation, a clearing agency registered under the Securities Exchange Act of 1934, as amended, and, if so provided with respect to any Security, any successor to such Person. If at any time there is more than one such Person, “U.S. Depository” or “Depository” shall mean, with respect to any Securities, the qualifying entity which has been appointed with respect to such Securities.

  • Certificate Depository Agreement means the agreement among the Trust, the Depositor and The Depository Trust Company, as the initial Clearing Agency, dated as of the Closing Date, relating to the Trust Securities Certificates, substantially in the form attached as Exhibit B, as the same may be amended and supplemented from time to time.

  • Approved Securities Intermediary means a Securities Intermediary or Commodity Intermediary selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Control Account Agreement.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • DTC Custodian means the custodian of the DTC Notes on behalf of DTC, which initially shall be the Global Agent.

  • ADS Depositary means the person then acting as depositary under the Deposit Agreement. The ADS Depositary as of the Issue Date is The Bank of New York Mellon.