American Depositary Receipt (ADR)
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An American Depositary Receipt (ADR) is a negotiable instrument that represents securities of a company that trades in the U.S. financial market.
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- Example(s):
- See: Global Depository Receipt, American Depositary Share (ADS).
References
2020
- (Wikipedia, 2020) ⇒ https://en.wikipedia.org/wiki/American_depositary_receipt Retrieved:2020-8-4.
- An American depositary receipt (AD, and sometimes spelled depository) is a negotiable security that represents securities of a company that trades in the U.S. financial markets. Shares of many non-U.S. companies trade on U.S. stock exchanges through ADRs, which are denominated and pay dividends in U.S. dollars and may be traded like regular shares of stock. ADRs are also traded during U.S. trading hours, through U.S. broker-dealers. ADRs simplify investing in foreign securities by having the depositary bank "manage all custody, currency and local taxes issues". The first ADR was introduced by J.P. Morgan in 1927 for the British retailer Selfridges on the New York Curb Exchange, the American Stock Exchange's precursor.
They are the U.S. equivalent of a global depository receipt (GDR). Securities of a foreign company that are represented by an ADR are called American depositary shares (ADSs).
- An American depositary receipt (AD, and sometimes spelled depository) is a negotiable security that represents securities of a company that trades in the U.S. financial markets. Shares of many non-U.S. companies trade on U.S. stock exchanges through ADRs, which are denominated and pay dividends in U.S. dollars and may be traded like regular shares of stock. ADRs are also traded during U.S. trading hours, through U.S. broker-dealers. ADRs simplify investing in foreign securities by having the depositary bank "manage all custody, currency and local taxes issues". The first ADR was introduced by J.P. Morgan in 1927 for the British retailer Selfridges on the New York Curb Exchange, the American Stock Exchange's precursor.
2019
- https://www.investopedia.com/terms/a/adr.asp
- QUOTE: An American depositary receipt (ADR) is a negotiable certificate issued by a U.S. depository bank representing a specified number of shares — often one share—of a foreign company's stock. The ADR trades on U.S. stock markets as any domestic shares would.
ADRs offer U.S. investors a way to purchase stock in overseas companies that would not be available otherwise. Foreign firms also benefit, as ADRs enable them attract American investors and capital without the hassle and expense of listing on U.S. stock exchanges.
- QUOTE: An American depositary receipt (ADR) is a negotiable certificate issued by a U.S. depository bank representing a specified number of shares — often one share—of a foreign company's stock. The ADR trades on U.S. stock markets as any domestic shares would.