A brief introduction
Before we hit the topic I would like to introduce you to a couple of terms which is so popular yet so vague – negotiable security. A negotiable security can be defined as one that may be freely bought, sold or transferred. Coupons, treasury bonds, stocks are all examples of negotiable security.
The second term that you must be familiar with is the DR or the Depositary receipts. These are negotiable securities that are traded in a foreign market. This is done to enable investors to buy foreign stocks without going through the hassle of
