American depository receipt: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Identify benefits.) |
imported>Doug Williamson m (Amended link.) |
||
| (3 intermediate revisions by the same user not shown) | |||
| Line 7: | Line 7: | ||
The benefits to non-US issuers include lighter regulation, compared with listing the underlying shares directly on a US exchange. | The benefits to non-US issuers include lighter regulation, compared with listing the underlying shares directly on a US exchange. | ||
Also spelled American ''depositary'' receipt. | |||
| Line 13: | Line 16: | ||
* [[Certificate of ownership]] | * [[Certificate of ownership]] | ||
* [[Custody]] | * [[Custody]] | ||
* [[Global depositary receipt]] | |||
* [[Global | |||
* [[Issuer]] | * [[Issuer]] | ||
* [[Share]] | * [[Share]] | ||
* [[Stock exchange]] | |||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] | ||
Latest revision as of 11:22, 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.
Also spelled American depositary receipt.
