American depository receipt: Difference between revisions
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* [[Certificate of ownership]] | * [[Certificate of ownership]] | ||
* [[Custody]] | * [[Custody]] | ||
* [[Global | * [[Global depositary receipt]] | ||
* [[Issuer]] | * [[Issuer]] | ||
* [[Share]] | * [[Share]] | ||
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.
