NISM Series XV : Research Analyst Certification Exam Notes
Page 8 Of 62
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Hong Kong Depositary Receipts (HKDR) refers to depositary receipt issued by a non- Hong Kong company that are traded in the Hong Kong market.
Indian Depositary Receipts (IDR) are issued and traded in the Indian market by a non-Indian company.
Two-way fungibility of DR's means that shares can be bought in the local market and converted into DRs to be traded in the foreign market and DRs can be bought and converted into the underlying shares which are traded on the domestic stock exchange.
FCCBs or Foreign Currency Convertible Bonds are foreign currency (usually dollar) denominated convertible debt papers issued by companies in international markets.
The payment of interest and repayment of principal on FCCB bonds is in foreign currency.
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