Depository bank

Depository bank

A depository bank (U.S. usage) is a bank organized in the United States 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.


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • depository bank — A bank used as the point of deposit for cash receipts …   Financial and business terms

  • Bank — For other uses, see Bank (disambiguation). Banker and Bankers redirect here. For other uses, see Banker (disambiguation). Banking …   Wikipedia

  • bank — 1. A bank is an institution, usually incorporated, whose business it is to receive money on deposit, cash checks or drafts, discount commercial paper, make loans, and issue promissory notes payable to bearer, known as bank notes. U.C.C. No. 1… …   Black's law dictionary

  • bank — 1. A bank is an institution, usually incorporated, whose business it is to receive money on deposit, cash checks or drafts, discount commercial paper, make loans, and issue promissory notes payable to bearer, known as bank notes. U.C.C. No. 1… …   Black's law dictionary

  • depository receipt — A certificate issued by a depository, bank, or other company stating what has been deposited for safekeeping …   Accounting dictionary

  • Bank regulation in the United States — is highly fragmented compared to other G10 countries where most countries have only one bank regulator. In the U.S., banking is regulated at both the federal and state level. Depending on a banking organization s charter type and organizational… …   Wikipedia

  • depository — de·pos·i·to·ry /di pä zə ˌtōr ē/ n pl ries 1: a place where something is deposited esp. for safekeeping night depository; specif: a bank chosen for the depositing of government funds 2: depositary Merri …   Law dictionary

  • Bank reconciliation — is the process of matching and comparing figures from accounting records against those presented on a bank statement. Less any items which have no relation to the bank statement, the balance of the accounting ledger should reconcile (match) to… …   Wikipedia

  • depository receipt — depository or warehouse receipt A document issued by a bank, warehouse or other depository indicating ownership of a stored commodity. Chicago Mercantile Exchange Glossary * * * depository receipt UK US noun [C] STOCK MARKET ► a document that… …   Financial and business terms

  • Bank of Cyprus — Public Company Ltd Τράπεζα Κύπρου Δημόσια Εταιρεία Λιμιτεδ Type Publicly traded limited company Traded as CSE: BOCY, Athex …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”