Question

a _________ is a negotiable instrument issued by a depositary bank in international markets — typically in europe and generally made available to institutional investors both outside and within the u.s. — that evidences ownership of shares in a non-u.s. company enabling the company (issuer) to access investors in capital markets outside its home country

Answer 1

Bills of exchange is a negotiate instrumy

Answer 2

The bills of exchange act as one of the most powerful instruments that are issued by a depositary bank in the international marketplace.

This is typically seen throughout Europe.

The bills of exchange are made available to the institutional investors within and outside the premises.

The company enables the issuer with access towards the capital in the international marketplace.