RBS International, NatWest Trustee and Depositary Services and RBS International Depositary Services S.A. Unsponsored ADRs are often issued by more than one depositary bank. The depositary receipt trades on a local stock exchange. The American Depositary Shares of the company are listed at the NYSE since October 2000. This is similar to the depositary receipts issued in other countries. Five American Depositary Receipt corresponded to one share. Level 1 depositary receipts are the lowest level of sponsored ADRs that can be issued. Each depositary services only the ADRs it has issued. In 1993, the company established its American depositary receipt programme. It elects the Government of Japan as depositary. Companies following the Indian Depositary Receipt (IDR) are given freedom to choose their financial year. Level 2 depositary receipt programs are more complicated for a foreign company. It also terminated its American Depositary Receipt programme with effect from 21 January 2011. The government of Canada is the depositary for the treaty. Withdrawal is effective one year after the depositary is notified.