Question
A bank certificate issued in more than one country for
shares in a foreign company. The shares are held by a foreign branch of an International Bank. This certificate is called:Solution
Global Depository receipt refers to the name given for the depository receipt where the security certificate is issued by financial intermediaries such as a depository bank that purchases the securities of a foreign country, then creates a bank certificate that consists of such shares and finally sells them in the stock exchange.
Which among the following can be considered as a part of the Secondary Market?
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