91.   The brainchild of Prime Minister Rafik Hariri, Solidere had planned to raise the money through the sale of global depository receipts.

92.   The depository receipts were offered as the better alternative to investing directly in the Indian stockmarket with its antiquated settlement problems.

93.   The listing in American depository receipts would be on the New York Stock Exchange.

94.   Holders of depository receipts will be able to subscribe on the same basis in New York or Singapore.

95.   Declining premiums on Indian global depository receipts ahead of the introduction of a depository system was also prompting further buying of local shares, dealers said.

96.   Depository receipts are securities that represent a certain number of shares in a company and are used for trading on an overseas stock exchange.

97.   The securities house will act as an agent and market maker to provide liquidity in Korean depository receipts, the London market said in a statement.

98.   Such global depository receipts are financial instruments traded in London whose underlying shares are held in the country of origin.

99.   Taiwan currently allows foreign firms to issue only depository receipts, a substitute for direct ownership of stocks, in the local market to raise funds.

100.   The Central Bank said Philippine firms also tapped foreign capital markets through instruments such as global depository receipts and bonds.