Question
The custodial bank (located in the home country of the issuer) of an American Depository Receipt Performs trading in the U.S. on behalf of the
The custodial bank (located in the home country of the issuer) of an American Depository Receipt
| Performs trading in the U.S. on behalf of the ADR holders | ||
| Acts as a broker between U.S. investors and the foreign firm | ||
| Holds foreign shares on deposit | ||
| Performs trading outside the U.S. on behalf of the ADR holders | ||
| Buys and sells the foreign shares based upon their inside information |
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IT Auditing And Sarbanes Oxley Compliance Key Strategies For Business Improvement
Authors: Dimitris N. Chorafas
1st Edition
036738650X, 978-0367386504
