التنظيم القانوني لتداول شهادات الإيداع في سوق الأوراق المالية : دراسة مقارنة

Abstract EN

Depository receipts are financial instruments listed and traded in a foreign market for the issuing company in exchange for its securities.

They are issued by the depository bank in foreign currency, whether in US dollars, euros or any other currency in exchange for locally issued securities.

This is done based on an agreement between the issuing company and the depository bank.

Accordingly, these securities are deposited with the Depository Bank, which is responsible for its safekeeping, or through another bank that is used by it for this purpose, and which carries out the activities of the Depository Bank as its agent.

In return, these certificates are issued and he keeps these securities until they are canceled.

On the other hand, sometimes the depository bank buys these securities from the issuing company and issues certificates of deposit for them in the international financial markets.