Depositary Bank
A bank organized in the U.S. which oversees all the stock transfer and agency services in connection with a depositary receipt program. The depositary arranges for the custodian to accept deposits of ordinary shares, issues negotiable receipts for the shares, maintains the register of holders to reflect all transfers and exchanges, distributes dividends in U.S. dollars, handles shareholder inquiries and correspondence, and distributes annual, interim and other shareholder reports, and proxy materials.