Depository Receipt(DR)

A negotiable financial instrument issued by a bank to represent a foreign company’s publicly traded securities. The depositary receipt trades on a local stock exchange. Examples of DR include American Depository Receipt (ADR) that trades in the United States and Global Depository Receipt (GDR) that trades globally. DR agents (banks and investment banks) purchase stocks from the originating foreign exchanges and sell them on the domestic exchanges (e.g. American exchange). DR agents charge DR fees to compensate for inventorying the foreign stocks and all other costs involving registration, compliance and recordkeeping services

DR fees will vary for each counter and you will be billed according to the shareholdings for each DR shares.