Depository Receipts (DRs)

• Financial instruments that represent shares of an investor
• Financial instruments that represent shares of a foreign company (correct)
• Financial instruments that represent shares of a bank
• Financial instruments that represent shares of a local company

• DRs issued by the government of the country where the company is domiciled
• DRs issued by the investors who hold the securities
• DRs issued by the company that delivers the securities and initiates the process (correct)
• DRs issued by the bank that holds the securities

• A bank delivers equity shares to a company or an investor, which then issues a certificate to investors in the local market
• A company or an investor delivers equity shares to a bank, which then issues a certificate to investors in the local market
• A company or an investor delivers equity shares to a bank, which then issues a certificate to investors in the overseas market (correct)
• A bank delivers equity shares to a company or an investor, which then issues a certificate to investors in the overseas market

<p>Companies should apply for listing and comply with all the listing requirements (D)</p> Signup and view all the answers

<p>The bank holds the shares in its custodian account (C)</p> Signup and view all the answers