Depository receipts
Financial instruments representing shares of a local company but listed and traded on a stock exchange outside the country, issued in foreign currency, usually US dollars.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series II-B← All terms