Depositary Receipts
An increasing number of companies, particularly those located in new developing economies, are raising capital from international investors through equity issues in the form of depositary receipts. Their effectiveness comes from their enhanced liquidity, meaning they are often more easily traded than the underlying shares. Depositary Receipts (DR) are a rapidly growing market, and therefore the need to have first class data on all available depositary receipts is essential.
For the past two and a half years, we have been providing specialised information for all Depositary Receipts. Our participation within the Depositary Receipt market started with a request from one of our clients to build a comprehensive database, covering not only the Depositary Receipts themselves, but also underlying stock descriptions and security codes. Clients of this service range from Front, Middle and Back Offices of Banks and Stockbrokers to Market Makers.
Our Universal Depositary Receipt Database is a unique service that provides comprehensive details on all ADRs, GDRs and other Depositary Receipts. This online database currently holds over 2,300 records and is updated on a daily basis. We also keep a separate database of over 700 Defunct DR's for historical purposes.
- Various options are available to search for a specific security:
- Issuer
- Sedol
- US Code
- Symbol
- We have enhanced the service and now you can view information on:
- Shares Outstanding
- Dividends
- Corporate Actions
- Issuer
- A breakdown of the fields include the following:
- New Announcements
These are divided into new DRs, new Corporate Actions and new Dividends - Dividend Calendar
Use the calendar to view dividend events on pay, ex, and record dates.
- New DRs
All DRs added during the last 1 – 14 working days - Download Data
Updated files are available in (comma delimited) ASCII text, or Microsoft Excel Spreadsheet formats. All files are zipped using the PKZIP system, in order to minimise download time. - Daily updates (new issue alert and changes monitor)
All new issues, and events effecting existing DRs / underlying securities are tracked and updated on a daily basis. - SEDOL / ISIN / security description for multiple underlying securities
Additional fields cover DRs which have more than one underlying security (e.g. Banca Quadrum (USCode: 05944R108) and consists of 1 "C" share and 1 "L" share). - History of changes / Corporate actions (for DR and Underlying)
A freeform text field contains details of past events affecting the DR and/ or underlying security, including the date, nature of event (name change / stock split, dividend dates, etc.) and any other relevant information. - Number of DRs and underlying securities outstanding
The total number of shares outstanding for both the DR and the underlying security. - Local Code (underlying security)
The foreign domestic number used to identify the security on the exchange on which it is traded. - Form of underlying security
Whether the underlying security takes a Registered, Bearer, Quasi Bearer, or Renounceable form. - Type of accrual (underlying security if a bond)
360 or 365 day basis. - Information source
Primary source of information (usually the local exchange on which the DR is traded).