Depository receipts are identical to the securities themselves.

Question

Quizplus · Accepted Answer

Depository receipts represent ownership of underlying securities, usually shares of a foreign company. They are designed to enable investors to hold shares in a foreign company without having to deal with the complexities of foreign stock exchanges, currencies, and other related matters. While depository receipts are based on the underlying securities, they are not identical to them.

Depository Receipts Are Identical to the Securities Themselves