Question

Depository receipts are issued to foreign investors by ____________.

a.

Domestic Custodian

b.

Overseas Depository Bank

c.

Foreign Regulator

d.

DR issuing company

Answer: (b).Overseas Depository Bank Explanation:Depository receipts are issued to foreign investors by an Overseas Depository Bank. These banks act as intermediaries, issuing depository receipts that represent ownership of a specific number of shares in the issuing company. The depository receipts are then traded on foreign stock exchanges, allowing investors to buy and sell them as if they were shares of the company's stock.

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Q. Depository receipts are issued to foreign investors by ____________.

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