A certificate issued in the United States in lieu of a foreign security. The original securities are lodged in Bank/Custodian abroad, and the American depository receipts (ADRs) are traded in the US for all intents and purposes as if they were a domestic stock. An ADR dividend is paid in US dollars, so it provides a way for American investors to buy foreign securities without having to go abroad, and without having to switch in and out of foreign currencies.
Securities representing an ownership interest in the equities of foreign companies. A bank holds the shares in trust and issues depository receipts to American shareholders of the foreign companies. ADRs trade much like other securities.
Certificates issued by a U.S. Depository Bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. One ADR may represent a portion of a foreign share, one share or a bundle of shares of a foreign corporation. If the ADRs are 'sponsored,' the corporation provides financial information and other assistance to the bank and may subsidize the administration of the ADRs. 'Unsponsored' ADRs do not receive such assistance. ADRs carry the same currency, political and economic risks as the underlying foreign share; the prices of the two, adjusted for the SDR/ordinary ratio, are kept essentially identical by American Depository Shares (ADS) and are a similar form of certification.
( ADRs) because many other countries do not permit stock certificates to leave their own country, a foreign company, through a trustee, may issue ADRs which represent the actual foreign company's stock. Each ADR represents a specific number of shares of the particular foreign company's stock.
since most other nations do not allow stock certificates to leave the country, a foreign company will arrange for a trustee (typically a large bank) to issue ADRs (sometimes called American Depositary Shares, or ADSs) representing the actual, or underlying, shares. Each ADR is equivalent to a specified number of shares (the ratio is shown in a footnote on the Value Line page).
Non-U.S. companies wishing to list on a U.S. exchange are obliged to adhere to the regulatory and reporting standards of the Securities and Exchange Commission. They are called "receipts" because they represent a certain number of a company's regular shares.
Certificates that are issued by a bank of US origin and traded in the U.S. as domestic shares. The certificates represent the foreign securities that the bank holds in that security's country of origin.
A system devised by the American investment community whereby the original stock certificate of a foreign security is registered in the name of an American trust company or a U.S. bank and held in safekeeping by them. The trust company or bank then issues receipts against this stock, and these are traded as ADR's.
Certificates issued by a U.S. depositary bank, representing shared of foreign stocks held by the bank, that are traded on a U.S. stock exchange.
(ADRs) - Negotiable certificates, issued by U.S. depository banks, which represent the actual shares of a foreign company's stock t an overseas branch of the depository bank or a custodian is holding.
Receipts for shares of foreign company stock maintained by an intermediary indicating ownership.
Non-U.S. companies that wish to list on a U.S. exchange must abide by the regulatory and reporting standards of the Securities and Exchange Commission (SEC). These securities are called receipts because they represent a certain amount of the company's actual shares.
shares (or fractions thereof) of a non-US company that are listed on a US exchange; they are referred to as receipts because they represent a specific quantity of the company's actual shares
Certificates issued by US banks stating that a specific number of a foreign company's shares have been placed with them. ADRs reflect any movement in the related share price. Issued because US investors cannot hold shares directly in foreign domiciled groups, ADRs provide them with an indirect but equivalent participation.
Financial assets issued by US banks that represent ownership of a certain number of equity shares in a publicly-traded foreign firm. The actual underlying securities for the ADRs are held on deposit with the issuing U.S. banks.
Domestically traded securities representing claims of foreign stocks. Français: Certificats de dépôt américains Español: Recibo americano de depósito
Certificates issued in the USA representing the right to ownership of shares in a UK (or other foreign) company. A bank will buy shares in a UK company and issue receipts into the USA in respect of those shares. Typically, one ADR will represent the right to say eight or ten shares in a company. Although the shares are UK-based, the ADR will trade in US dollars. The bank will receive payment of dividends in sterling, but will convert this into dollars to pay to ADR holders. ADRs have the right to vote but are not allowed to participate in rights issues. The purpose of ADRs is to give US investors a convenient way to invest in UK or other foreign companies. Global Depository Receipts (GDRs) and International Depository Receipts (IDRs) operate worldwide on the same basis.
Certificates traded on U.S. exchanges that represent shares in a foreign company.