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存托凭证(Depository Receipts,DR)属公司融资业务范畴的金融衍生工具,又称存股凭证、预托凭证、存券收据等,是指在一国证券市场流通的代表外国公司有价证券的可转让凭证。存托凭证上市一般是指某国的上市公司为使其股票在外国流通,将一定数额的股票委托某一中间机构(通常为银行,称为保管银行或受托银行)保管,由保管银行通知外国的存托银行在当地发行代表该股份的存托凭证并在外国证券交易所或柜台市场交易。存托凭证的当事人,在
Depository Receipts (DR) A derivative of financial instruments in the financing business of a company, also known as a deposit-taking certificate, a depositary receipt, or the like. It refers to a securities derivative of a foreign company circulating in a securities market of a country Negotiable document. Listing of depositary receipts generally refers to a listed company in a country that, in order for its shares to be circulated in a foreign country, entrusts a certain amount of stock to an intermediary institution (usually a bank called a custodian bank or a fiduciary bank), and the depositary bank notifies foreign countries The depositary bank locally issues depositary receipts that represent the shares and trades on the foreign exchange or counter market. The parties to the depositary receipts, at