depositary bank

depositary bank definition - finance
A bank that manages the administration of American Depositary Receipts (ADRs), which are U.S.-based shares of foreign companies that have met specific underwriting and listing requirements to be able to sell their shares in the United States. Typically, a depositary bank is part of a large U.S. banking institution or trust company.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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