Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'privately placed depositary receipt'?

A. depositary receipt issued under SEC Regulation S
B. depositary receipt that represents shares in a private placement under the SEC Rule 144-A
C. global depositary receipt that represents ownership in the securities of a non-European company that trades in European financial markets
D. global depositary receipt that represents the purchase, or ownership, of foreign assets which are deposited in a Indian account managed by the Domestic Depository in India

Answer: depositary receipt that represents shares in a private placement under the SEC Rule 144-A