International Funding Instrument

Bharati Vidyapeeth’s Institute of Management & Information Technology

Project On
INTERNATIONAL FUNDING INSTRUMENTS

Submitted By:
PGDBM (SEM 3)
Mitesh Panchal (27)
Pramil Agrahri (34)

Guided By: - Prof. Mrs. RAJESHWARI

Acknowledgment

We would like to express our gratitude to all those who have directly and indirectly helped us in successful completion of this project. Firstly we would like to thank Professor Mrs. Rajeshwari for giving us a project on “International Funding Instruments”. This Project helped us a lot in getting more knowledge, experience and explores new areas in the field of “Finance”.  

Table of contents

1.       Depository receipts
2.       American Depository Receipt
3.       Global Depository Receipt
4.         Indian Depository Receipt
5.         Foreign Currency Convertible Bonds
6.         Eurobonds
7.         Floating rate bonds
8.         Eurocurrency market
9.         Eurodollar
10. Euroyen
11. London Interbank Offered Rate (LIBOR)

Depository Receipts:
A depositary receipt (DR) is a type of negotiable (transferable) financial security that is traded on a local stock exchange but represents a security, usually in the form of equity that is issued by a foreign publicly listed company. The DR, which is a physical certificate, allows investors to hold shares in equity of other countries. Depository Receipt is issued by a depository bank. Depending on the location of depository bank, there are three different types of depository receipts. They are as follows:
1. American Depository Receipt
2. Global Depository Receipt
3. Indian Depository Receipt

American Depository Receipt (ADR):
Introduction:
An ADR represents ownership in the shares of a non-U.S. company that trades in U.S. financial markets. The stock of many non-US companies trade on US stock exchanges through the use of ADRs. ADRs carry prices in US dollars, pay dividends in US dollars, and can be traded like the shares of US-based... [continues]

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