.N.D.

: The End
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END 600 ,
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.N.D. : The End

:

* 2012

.N.D. : The End

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01/10/2012, .
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* 2012

.N.D. : The End

,
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,

..

* 2012

.N.D. : The End

(World Bank Group)

:
"" 2000-2006


ECHO - X
EQUAL -
EuropeAid Co-operation office
LIFE III
@LIS -
YOUTH -
:
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* 2012

.N.D. : The End

,

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600 .
600
200 300.
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END
01/10/2012, 600 ,


custodial account .

* 2012

.N.D. : The End

,
CDR, ,
,
CDR .
!!!

,
,

.
,
,

.
END,

1.
2. CDR
3. CDR END ,
, 600 .
* 2012

.N.D. : The End

,
.


END,

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H END

.
, ,
END

,

, .

Humanitarian Fund Raising
* 2012

.N.D. : The End

CDR CDR .
CDR,

,
CD CDR,
.

CD - Certificate of deposit

From Wikipedia, the free encyclopedia

A Certificate of Deposit (CD) is a time deposit, a financial product commonly offered

to consumers in the United States by banks, thrift institutions, and credit unions.
CDs are similar to savings accounts in that they are insured and thus virtually risk free;
they are "money in the bank". CDs are insured by the Federal Deposit Insurance
Corporation (FDIC) for banks and by the National Credit Union Administration (NCUA)
for credit unions. They are different from savings accounts in that the CD has a specific,
fixed term (often monthly, three months, six months, or one to five years), and,
usually, a fixed interest rate. It is intended that the CD be held until maturity, at which
time the money may be withdrawn together with the accrued interest.
In exchange for keeping the money on deposit for the agreed-on term, institutions
usually grant higher interest rates than they do on accounts from which money may be
withdrawn on demand, although this may not be the case in an inverted yield curve
situation. Fixed rates are common, but some institutions offer CDs with various forms of
variable rates. For example, in mid-2004, interest rates were expected to rise, many
banks and credit unions began to offer CDs with a "bump-up" feature. These allow for a
single readjustment of the interest rate, at a time of the consumer's choosing, during
the term of the CD. Sometimes, CDs that are indexed to the stock market, the bond
market, or other indices are introduced.

* 2012

.N.D. : The End

CD.

100% .
,

.




.

END ;;;;

.
;
,

Certificate of Deposit CD,
Custodial Receipt CR.
(CD), (CR),
, CDR.

CD, CR CDR.
* 2012

10

.N.D. : The End

Custodial Receipt (CR)

Custodial Receipt
Definition of 'Custodial Receipt'
A receipt representing a security held by a custodian or transfer agent.
As such, it represents ownership of the security by the depositor.
A security in custodial receipt form is usually non-transferable.

T ;
CR

.
,
,

.
600 .
CR .
.
, CR END,
, CR = , .
* 2012

11

.N.D. : The End

CR.

,

.




.

END ;;;;

.
;

END ;

* 2012

12

.N.D. : The End

* 2012

13

.N.D. : The End

;

:
,
, ,
600 , ,
!!!!!!!

600

600 ,
.
* 2012

14

.N.D. : The End

.

600 ;
, ,
3
,

:

* 2012

15

.N.D. : The End

;
1 (1,169 )
2 (1,063 )
3 (254 )

. ,
600
,

3 ;
IBOE
.

;;;
, ,
,

.
* 2012

16

.N.D. : The End

IBOE - International Bill Of Exchange
Definition of 'Bill Of Exchange'
A non-interest-bearing written order used primarily in international trade
that binds one party to pay a fixed sum of money to another party at a
predetermined future date.

Investopedia explains 'Bill Of Exchange'

Bills of exchange are similar to checks and promissory notes. They can be
drawn by individuals or banks and are generally transferable by
endorsements. The difference between a promissory note and a bill of
exchange is that this product is transferable and can bind one party to pay
a third party that was not involved in its creation.
If these bills are issued by a bank, they can be referred to as bank drafts.
If they are issued by individuals, they can be referred to as trade drafts.

UNCITRAL Convention on
International Bills of Exchange and
International Promissory Notes, 1988
Article 2
1. An international bill of exchange is a bill of exchange which specifies at
least two of the following places and indicates that any two so specified are
situated in different States:
(a) The place where the bill is drawn;
(b) The place indicated next to the signature of the drawer;
(c) The place indicated next to the name of the drawee;
(d) The place indicated next to the name of the payee;
(e) The place of payment, provided that either the place where the bill is
drawn or the place of payment is specified on the bill and that such place is
situated in a Contracting State.
* 2012

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.N.D. : The End

IBOE .
,
;

, ,



.
,

UNCITRAL 1988.
!!!!
600
END .
, 600
.

* 2012

18

.N.D. : The End

,
,
SCAM FRAUD.

.
* 2012

19

.N.D. : The End

http://tesoro-del-alma.blogspot.gr/2012/01/shandiman-documents-based-upon-phony.html
http://tesoro-del-alma.blogspot.gr/2012/03/another-set-of-iboe-documents.html
http://tesoro-del-alma.blogspot.gr/2012/07/this-is-bogus-jonathan-todd-clinard-iboe.html
http://tesoro-del-alma.blogspot.gr/2011/12/actual-phony-iboe.html
http://tesoro-del-alma.blogspot.gr/2012/01/newest-iboe-scam.html
http://tesoro-del-alma.blogspot.gr/2012_02_22_archive.html
http://tesoro-del-alma.blogspot.gr/2012/03/another-set-of-iboe-documents.html
http://tesoro-del-alma.blogspot.gr/2012/05/global-immunity-given-to-trask-group-of.html
http://tesoro-del-alma.blogspot.gr/2011/12/treasury-statement-concerning-bill-of.html
http://tesoro-del-alma.blogspot.gr/2011/12/misuse-of-ucc-1-system.html
http://flickrhivemind.net/User/IBOE%20FRAUD/Timeline
http://www.webtopicture.com/iboe/iboe-scams.html
https://www.google.gr/search?q=IBOE+FRAUD&hl=el&prmd=imvns&bav=on.2,or.r_gc.r_pw.r_qf.&biw=
1280&bih=880&um=1&ie=UTF8&tbm=isch&source=og&sa=N&tab=wi&ei=DmBtUOC8F9GKswbB54D4Aw

ME IBOE
,

.
* 2012

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.N.D. : The End

Police Seize Fake U.S. T-Bonds in Italy
April 1, 2011 8:41AM
Police in Rome seized a half-trillion false U.S. T-Bonds, and discovered an international
ring that put such phony money through banks that discounted the fake bonds.
The phony bonds were counterfeited by the Mafia; the question is whether this is a
bottom-top operation, or whether the Mafia has been commissioned from the top.
Guess.
Twenty International Bill of Exchange (IBOE) papers, for a value of $565 billion, have
been seized in Rome.
Prosecutors say that there are 18 more IBOE bills in circulation, probably already in the
"legal" financial system.
The Italians had been tipped off by U.S. intelligence, as a similar investigation is going
on in the U.S.A.
In searching the house of an Italian citizen, Ivo Sobrero, financial police found a
document certifying the authenticity of the 38 IBOEs, as well as a list with names of
banks and countries where the bills were either deposited or negotiated.

. ;
The operation would go as follows:

The gang deposited the IBOE in a bank account, and would then
find another bank that would discount the bill, sometimes at a
wholesale rate of 15-20%.
It is clear that both the account bank and the discounting bank
must know what is going on.
The cut of the IBOE was in the order of hundred millions of
dollars, not exactly what you get through honest work.
The list of banks contacted by the gang is impressive: Santander, Barclays, Arab Bank,
JP Morgan, World Bank, Romanian central bank etc. It is not clear, however, if those
banks entered a negotiation.
One case, however, is documented: A negotiation in Dubai, where a joint venture with
the Al Rhaba Holding had been created, and another joint venture between Al Rahba
and a Malaysian firm, Kosmo Seraya Sdn Bhd -- the latter was supposed to ensure the
discounting of the bills. According to wiretapped conversations, part of the profits
should be accredited to an account at the Vatican bank, IOR, owned by a charity.
* 2012

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Bizarre Claim for $1 Trillion
By DAN MCCUE

.
1 !!!
MANHATTAN (CN) - An American expatriate in Bulgaria claims the United Nations, the World Economic Forum, the Office of
International Treasury Control and the Italian government conspired with a host of others to steal more than $1.1 trillion in financial
instruments intended to support humanitarian purposes.
The 111-page federal complaint involves a range of entities common to conspiracy theorists, including the Vatican Illuminati, the
Masons, the "Trilateral Trillenium Tripartite Gold Commission," and the U.S. Federal Reserve.
Plaintiff Neil Keenan claims he was entrusted in 2009 with the financial instruments - which included U.S. Federal Reserve notes
worth $124.5 billion, two Japanese government bonds with a combined face value of $19 billion, and one U.S. "Kennedy" bond with
a face value of $1 billion - by an entity called the Dragon Family, which is a group of several wealthy and secretive Asian families.
"The Dragon family abstains from public view and knowledge, but, upon information and belief, acts for the good and better
benefit of the world in constant coordination with higher levels of global financial organizations, in particular, the Federal Reserve
System," Keenan claims.
"During the course of its existence over the last century, the Dragon family has accumulated great wealth by having provided the
Federal Reserve Bank and the United States Government with asset assignments of gold and silver via certain accounts held in
Switzerland, for which it has received consideration in the form of a variety of Notes, Bonds and Certificates such as those described
... that are an obligation of the Federal Reserve System."
Keenan says that with accrued interest the instruments are now worth more than $1 trillion. He says the family designated him as
its principal in an effort to select certain registered and authorized Private Placement Investment Programs (PPPs) for the b enefit of
unspecified global humanitarian efforts.
In his remarkable complaint, Keenan claims that the U.S. government enormous amounts of money - delivered in gold and other
precious metals - from the Dragon Family many years ago, and that the money was placed into the Federal Reserve System for the
benefit and underwriting support of the dollar, "which was to become and currently remains the global reserve currency".
Keenan claims the conspiracy began with the illegal detention of two Japanese citizens, Akihiko Yamaguchi and Mitsuyoshi
Watanabe, and the seizure of $134.5 billion in bonds they were holding in Italy, in June 2009.
Yamaguchi can best be described as Keenan's predecessor in trying to place Dragon Family instruments in legitimate PPPs to
advance the group's humanitarian aims, according to the complaint.
Keenan says he came to know both Yamaguchi and the Dragon Family through the Japanese man's efforts on the group's behalf,
and that he introduced them to a bank in Cyprus with which they could do business.
Keenan says that in gratitude, Yamaguchi sought and was granted approval to execute a special power of attorney, whereby
Keenan would also act on behalf of the Dragon Family to place their assets in PPPs.
It was then, he says, that he took possession of the instruments that are the heart of the lawsuit. For his assistance, Keenan says,
he was to receive a profit share amounting to 30 percent of any particular PPP he arranged.
A month after the Japanese men were detained, an man named Leo Zagami, "a self-described 33rd degree Free Mason, who, as of
April 2008, had reportedly claimed to be the leader of a breakaway faction of the Knights of Templar and high-level Freemasons
centered around the elite of the Masons P2 (propaganda Due) Lodge in Monte Carlo," arrived on the scene, according to the
complaint. (Parentheses in complaint.)
Zagami claimed to be a representative of the Vatican Illuminati and other European sect societies and "had been looking to make
contact with certain Asian Secret Societies," the complaint states.
During a meeting in Japan, he says, he told a contact that Yamaguchi and Watanabe had been "set up" and that he had inside
information about the seized instruments.
Subsequently, he introduced his contact in Japan to defendant Daniele Dal Bosco, a Vatican banker and associate of the P2 Masonic
Lodge, who "would be able to 'cash the bonds seized by the Italian Treasury Police,'" according to the complaint.
The complaint alleges a complicated history with many moving parts and scores of internationally known and unknown characters ,
the sum of which is that Keenan claims he was entrusted with billions of dollars in bonds by the Dragon Family.
He claims that soon, he and Dal Bosco were in daily contact via Skype and they arranged to meet in Italy. During these
conversations, Dal Bosco represented that he was not only financial advisor to Zagami, but also to the Vatican, Vatican City, Rome,

* 2012

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.N.D. : The End

and the treasurer for the P2 Masonic Lodge.
As a result, Keenan said, although he tried keep personal possession of the financial instruments with which he was entrusted, he
nevertheless came to trust Dal Bosco, and turned the bonds over to him for "temporary safekeeping and custodianship".
Dal Bosco absconded with the bonds and sought assistance in selling the instruments "in the global marketplace through stealth,
conversion and bribery," Keenan claims.
He claims that as the conspiracy continued to unfold, various high level officials repeatedly offered him a bribe of $100 mil lion to
"release" the instruments without disclosing their theft to the Dragon family, and to allow the instruments to be converted to a socalled UN "Sovereign Program" wholly under the auspices, protection and umbrella of the sovereign immunity enjoyed by the
defendants.
Other defendants include UN General Secretary Ban Ki-Moon, Former Italian Prime Minister Silvio Berlusconi, Giancarlo Bruno, who
is identified as head of the banking industry for the World Economic Forum, Italy's ambassador to the UN Cesare Maria Ragafli ni,
Ray C. Dam, president of the Office of International Treasury Control, and David A. Sale, the deputy chief of the council for the
cabinet of the OITC.
Keenan seeks the return of the stolen instruments, punitive damages and court costs on multiple claims of fraud, breach of co ntract
and violation of international law.

He is represented by William H. Mulligan Jr., with Bleakley, Platt &

Schmidt of White Plains, N.Y.

William H. Mulligan, Jr.

Bleakley Platt & Schmidt, LLP
One North Lexington Avenue
White Plains, NY 10601
(914) 949-2700
Web site: http://bpslaw.com/
Whitepages info:
Bleakely Platt & Schmidt
1 N Lexington Ave Ste 700
White Plains, NY 10601
(203) 422-5050
(914) 287-6100

.
!!!

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.N.D. : The End

Record $6 Trillion
of Fake U.S. Bonds Seized

,

.
6 !!!!!!!
By Elisa Martinuzzi - Feb 17, 2012 8:01 PM GMT+0200

Italian anti-mafia prosecutors said they seized a record $6 trillion of allegedly fake U.S. Treasury bonds,
an amount thats almost half of the U.S.s public debt.
The bonds were found hidden in makeshift compartments of three safety deposit boxes in Zurich, the
prosecutors from the southern city of Potenza said in an e-mailed statement. The Italian authorities
arrested eight people in connection with the probe, dubbed Operation Vulcanica, the prosecutors said.
Counterfeit U.S. bond confiscated in Switzerland shown on Feb. 17, 2012.
The U.S. embassy in Rome has examined the securities dated 1934, which had a nominal value of $1
billion apiece, they said in the statement. Thanks to Italian authorities for the seizure of fictitious bonds
for $6 trillion, the embassy said in a message on Twitter.
The financial fraud uncovered by the Italian prosecutors in Potenza includes two checks issued through
HSBC Holdings Plc (HSBA) in London for 205,000 pounds ($325,000), checks that werent backed by
available funds, the prosecutors said. As part of the probe, fake bonds for $2 billion were also seized in
Rome. The individuals involved were planning to buy plutonium from Nigerian sources, according to
phone conversations monitored by the police.
The fraud posed severe threats to international financial stability, the prosecutors said in the statement.
HSBC spokesman Patrick Humphris in London declined to comment when contacted by telephone. The
U.S. Secret Service assisted the Italian authorities, spokesman Edwin Donovan said.
Money Laundering
Creating fake Treasuries is a common scam, especially in Italy, he said. The tipoff was the
astronomical face value of each bond, he said. Fake bonds in high denominations are more common in

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.N.D. : The End

Europe, where people are less familiar with the face value of U.S. Treasury bonds than in the U.S., he
said.
Zurichs public prosecutors office provided material to their Italian counterparts in Potenza in 2011,
according to Corinne Bouvard, a spokeswoman for the senior public prosecutors office of the canton of
Zurich. The Swiss part of the investigation ended on July 22, she said.
The Italian investigation initially focused on a Sicilian who was living in Potenza and was already known
for money laundering and exporting currency abroad, according to the statement from the Potenza
prosecutors office.
Phony U.S. securities have been seized in Italy before and there were at least three cases in 2009. Italian
police seized phony U.S. Treasury bonds with a face value of $116 billion in August of 2009 and $134
billion of similar securities in June of that year.
The U.S. Secret Service averages about 100 cases a year related to bonds and other fictitious
instruments.

IBOE Fraud
International Bill of Exchange (IBOE) Fraud
Posted on August 1, 2011

Latest 12 scammers have confessed in return for mercy, freedom and peace by
supplying lots of valuable electronic evidence against bigger scammers a 13th
confession is expected soon and then the scene will be set for all legal cases against the
masterminds of this global financial terrorism. Highlights from these documents will be
added to this site daily followed by comments and then with email headers, IP and
network data analysis whenever applicable for further suspect verification. Spanish,
German, Egyptian and Italian victims have complained that some international antifraud sites are involved in scams by not providing FULL exposes of ALL the key kingpins
for the following suspect nations: United Kingdom (Latchford) , Thailand (Shandiman),
Panama (Steiner) and the United States (Lord Neil Gibson).
UPDATE!

ANGRY SCAMMERS HAVE CREATED A SPOOF OF THIS SITE, IT SHOWS HOW SICK AND DESPERATE
THESE PEOPLE REALLY ARE BUT IT HAS NOTHING TO DO WITH LEGITIMATE CRIME PREVENTION AND
ERADICATION.
Nicholas Fleming is an honest handsome upright citizen fighting against criminal entities like EBTC and its
associate scammers and so the scammers are now trying to victimize him with their pathetic site probably
made by Gibsons little Rony.
This website is about organized financial fraud involving fake documents, fake bonds, fake SWIFTs, fake
SKRs, fake Historical Assets, Fake Gold, Fake Dollars and of course fake IBOEs .
This criminal can of worms with their 21st century versions of The Sting have scammed victims all over
the world with vanishing loans, insurance scams, bogus bonds and 1008 other forms of financial fraud
using a plethora of interesting invented investments.

* 2012

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.N.D. : The End

These range from commodity deals such as oil, sugar and scrap metal to historical asset scams where
investors are fooled into believing in diplomatic immunity and federal Fargo boxes of Benjamins!

One of the most hilarious scams they pulled

was using their Social Welfare ID card
numbers to print their own IBOEs for
trillions and trillions of dollars.
Unfortunately most victims do not understand that it is not simply a scammer
entering his life but an army of them all pretending to be chasing scammers
and ready to inform Interpol of any injustice.
All the names and companies mentioned in this website are part of the intricate web of
an international joker broker and faker maker gang unless stated otherwise, they
believe that police do not understand them nor are brave enough to come up against
their heavyweight lawyers who are often on very nice retainers, once arrested popular
excuses used to enable police to take bribes include Unfortunately there is no such real
document in existence and therefore something that has never existed cannot be
faked. if you have further information please feel free to post it for the public.

All IBOEs on the market are fake

!!!


,
!!!!

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.N.D. : The End

.
* 2012

27

.N.D. : The End

.

,

DIAMOND & DIAMOND BANK
.

.
,
,

1 ,
.

.
William H. Mulligan, Jr.
Bleakley Platt & Schmidt, LLP

.
* 2012

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.N.D. : The End

CDR.
, END ,
, , 600 .

CDR
;;;

Bank NY Mellon, 1 CDR

:

DR - Depository Receipt
A Depository Receipt (DR) is a negotiable instrument in the form of
securities that is issued by a foreign public listed company and is generally
traded on a domestic stock exchange.
For this, the issuing company has to fulfill the listing criteria for DRs in the
other country. Before creating DRs, the shares of the foreign company
which the DRs representare delivered and deposited with the 5 custodian
bank of the depository creating the DRs.
Once the custodian bank receives the shares, the depository creates and
issues the DRs to the investors in the country where the DRs are listed.
These DRs are then listed and traded in the local stock exchanges of the
other country 2.
The working of a standard DR program is illustrated in the Figure here
down.

* 2012

29

.N.D. : The End

Depository Receipt is a negotiable

certificate issued by a bank in a
domestic country that represents
ownership of shares in companies of
other countries.
, DEPOSITORY RECEIPTS (DR)

,

.

,
DR.

* 2012

30

.N.D. : The End

, DR
,
.

.
Cross listing, particularly through DR such as American Depositary
Receipts (ADR) or Global Depositary Receipts (GDR), is a popular way of
internationalization among firms from emerging economies.
In addition to Europe and America, International firms are allowed to cross
list in other countries through the DR program.

,
DR
ADR, CDR, .

Chinese Depositary Receipt - CDR

A CDR is a type of depositary receipt that is traded on Chinese stock
exchanges.
A CDR is a certificate issued by a Chinese bank that represents a pool of
foreign equity that is traded on local Chinese exchanges.
* 2012

31

.N.D. : The End

Foreign companies can use CDRs to allow both Chinese institutional and
private investors to own their stock.
In other words, a depositary receipt (DR) is a certificate issued by a bank
representing equity in foreign companies, which is traded on stock
exchanges
within
the
issuing
country.
CDRs are a recent addition to the expansion of depositary receipts that
started in the 1920s.
Other forms of depositary receipts are global, European, and international.
The most common type is the American Depositary Receipt.

Canadian Depositary Receipt - CDR

Looking to Canada for DR Demand
As the worlds leading depositary, the Bank of New York Mellon closely
tracks the depositary receipt (DR) market to identify important market
trends and bring them to our clients attention.

Over the past several years, we recognized a

steady rise in DR investment on the part of
Canadian institutions.
This welcome trend resulted from the repeal of a Canadian rule that had
restricted pension funds capacity to invest globally.
Our Depositary Receipt Divisions Global Capital Markets Group took the
opportunity to access this growing investor base and began an intensive
educational effort in Canada.
Targeting the buy- and sell side communities, we actively spread the
message that DRs trade, settle and clear as easily as Canadian securities,
making them an appealing investment option.
These efforts highlight the groups focus on developing creative solutions
to increase liquidity and investment in the DR marketplace.
* 2012

32

.N.D. : The End

The positive results of these ongoing initiatives in Canada are a testament
to the groups ability to effect change that is mutually beneficial to DR
issuers and investors.

The Canadian Rule Change

Canadas Foreign Property Rule, instituted in 1971 and repealed in late
2005, was created expressly to encourage the growth of Canadian capital
markets.
However, the rule restricted Canadian pension funds from investing more
than 30% of their registered assets in foreign securities.
Canadian pension funds had long argued that since Canadian stocks
constituted less than three percent of the world's market capitalization,
pension plan members were deprived of the growth opportunities that
unconstrained global diversification could provide.
The rules repeal opened up their investing opportunities.

How the Rule Change Benefits DR Issuers

With the repeal, Canada's capital markets have become better integrated
with global capital markets, giving Canadian institutions greater access to
capital.
For DR issuers, the most important result of the rules repeal is that
Canadian institutions are now free to invest in DRs without restriction.
As a result, Canadas pension funds and the like present a new, viable
source of DR demand.

Another key advantage for investors, brokers and

ultimately issuers, is that Canadas securities
depositary, the Canadian Depositary for Securities
(CDS), has a link with the U.S. securities
depositary, the Depository Trust Company.
This meets the need for efficient and secure cross-border clearing and
settlement and provides a fast and dependable network that enables
Canada's stock exchanges, financial institutions and dealers to effectively
manage their Canada-U.S. cross border business.
* 2012

33

.N.D. : The End

Importantly, with this arrangement in place, Canadian investors can
purchase DRs just as easily as they can purchase Canadian securities.

Todays Canadian institutional marketplace is

similar to the U.S. institutional marketplace of 10
to 15 years ago, which underwent a global
awakening.

END
;
,
ellon, DR

,
,
10-15
.

.
* 2012

34

.N.D. : The End

At that time, U.S. investors were beginning to realize that international
diversification could substantially improve portfolio performance.
As the Canadian market similarly becomes more focused on global
investing, there is a need to educate
the marketplace on the many benefits of investing in DRs to access the
foreign markets.
There are more than 175 investment managers in Canada, most of
which are located in Montreal and Toronto.

Canadian institutions currently hold nearly $20

billion in CDR

END
CDR 600 ;;;
,
, CDR
20 .

American and global depositary receipt (DR) trading volume increased

8.3% to 78.1 billion, a record high.
The total value of U.S. investment in non-U.S. equities (both DRs and nonU.S. shares) increased 68% to about $4.2 trillion.
* 2012

35

.N.D. : The End

At the same time, non-U.S. equities accounted for 19.8% of all equity
investment in the U.S., an increase from 18.4% at the same time last year.
At the mid-year mark, companies from 19 countries had established 64
new sponsored DR programs, and 50 new unsponsored DR programs had
been established for issuers from 15 countries.
The number of available DR programs rose to 3,214 from 3,096 a year
ago.
Industry-wide, DR programs for issuers from 76 countries were available to
investors.
U.S.-Listed Market Remains the Largest DR Trading Market.
U.S.-listed programs accounted for nearly 90% of all DR trading value
worldwide.
The major U.S. stock exchanges the New York Stock Exchange (NYSE)
and NASDAQ remained the largest markets for DR trading.
In total, 66.4 billion U.S.-listed DRs, valued at $1.65 trillion, traded on U.S.
markets during the first half of 2010.
Compared with 60.7 billion DRs, valued at $1.17 trillion at mid-year 2009,
this represents an increase of 9.4% in DR trading volume and an increase
of 41.0% in DR trading value, year-on-year.
India and China Lead New DR Capital Raisings.
During the first six months of the year, 44 initial and follow-on DR offerings
by non-U.S. companies raised more than $4.1 billion.
Issuers from India and China completed the most offerings, with 21 and
13, respectively.
Issuers from these two countries raised nearly $2.4 billion, more than 50%
of the global total.
Of the 44 initial and follow-on DR offerings, 16 issuers raised capital in U.S.
markets, while 20 occurred on European markets, namely the London and
Luxembourg Stock Exchanges.

* 2012

36

.N.D. : The End

END
CDR 600 ;;;
,
DR
FIDELITY,
30 .

,

CDR END ;;
* 2012

37

.N.D. : The End

,
DR/CDR
.
EINAI OI
OY
CDR END,
;;;;

670 . .
*******************

* 2012

38