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Non-Tech : SEC RULES -- Ignore unavailable to you. Want to Upgrade?


To: Colin Cody who wrote (37)8/8/1999 3:26:00 PM
From: Mr. Jens Tingleff  Respond to of 62
 
Thx again Colin - I found more on "Y", and a good site for searching definitions.

American Depositary Receipt (ADR)

A receipt that is issued by a U.S. depositary bank which
represents shares of a foreign corporation held by the bank.
Because ADRs are quoted in U.S. dollars and trade just
like any other stock, they make it simple for investors to
diversify their holdings internationally.

Depository Bank

A bank organized in the U.S. which provides all the stock
transfer and agency services in connection with a depository
receipt program. This function includes arranging for a
custodian to accept deposits of ordinary shares, issuing the
negotiable receipts which back up the shares, maintaining the
register of holders to reflect all transfers and exchanges, and
distributing dividends in U.S. dollars.

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So I'd say the shares of the company is traded via deposits, thus the US available shares is a part of the companys total OS.

The site : nyse.com
NYSE's glossary.

Kr
Jens