American depositary receipt: Difference between revisions
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imported>Doug Williamson (Clarify alternative spelling.) |
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Certificate of ownership issued by a US bank to investors in place of | Certificate of ownership issued by a US bank to investors in place of underlying corporate shares, which are held in custody. | ||
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Latest revision as of 17:36, 27 March 2023
(ADR).
Certificate of ownership issued by a US bank to investors in place of underlying corporate shares, which are held in custody.
The benefits of ADRs to investors include reduced administrative burdens.
The benefits to non-US issuers include lighter regulation, compared with listing the underlying shares directly on a US exchange.
Sometime also written American depository receipt.
