American depository receipt: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Expand for American depository receipt listing.) |
imported>Doug Williamson (Identify benefits.) |
||
Line 2: | Line 2: | ||
Certificate of ownership issued by a US bank to investors in place of the underlying corporate shares, which are held in custody. | Certificate of ownership issued by a US bank to investors in place of the 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. | |||
Line 8: | Line 13: | ||
* [[Certificate of ownership]] | * [[Certificate of ownership]] | ||
* [[Custody]] | * [[Custody]] | ||
* [[Stock exchange]] | |||
* [[Global depository receipt]] | * [[Global depository receipt]] | ||
* [[Issuer]] | |||
* [[Share]] | |||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] |
Revision as of 15:49, 3 February 2018
(ADR).
Certificate of ownership issued by a US bank to investors in place of the 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.