American depositary receipt

From ACT Wiki
Revision as of 11:02, 8 February 2018 by imported>Doug Williamson (Clarify alternative spelling.)
Jump to navigationJump to search

(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.


See also