Security Registration and Transfer: Depositary Receipts (DRs)
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Security Registration and Transfer: Depositary Receipts (DRs)

Intuition Publishing
Updated Sep 24, 2020

Depositary receipts (DRs) are negotiable instruments that make it easier to buy shares in foreign companies. Depositary receipts take the same form as local shares. Here look at the development of the DR market, their form and pricing, and issues with DRs that are of concern to custodians.