American depositary receipt: Difference between revisions

Revision as of 11:02, 8 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.

Sometime also written American depository receipt.

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	~~Also spelled~~ American ''depository'' receipt.		Sometime also written American ''depository'' receipt.