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Topic: American Depositary Receipt


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In the News (Sun 27 May 12)

  
  American Depositary Receipts
An ADR (American Depositary Receipt) is a negotiable certificate issued by a depositary bank representing a specific number of shares of a non-U.S. company traded on a U.S. stock exchange.
ADR holders, whose shares are held under a "street name" (nominee account), should contact their nominee bank for information on the ADR holdings.
ADRs held in this form are book-entry securities, and the beneficial owner’s interest is recorded in an account held by the institution rather than by registration with the ADR depositary.
www.metso.com /corporation/ir_eng.nsf/WebWID/WTB-060628-2256F-7E4DF?OpenDocument   (731 words)

  
 Depositary Receipts website
Depositary Receipts facilitate cross-border trading and settlement, minimize transaction costs and may broaden a non-U.S. company's potential investor base, particularly among institutional investors.
Depositary Receipts are created when a broker purchases the company's shares on the home stock market and delivers those to the depositary's local custodian bank, which then instructs the depositary bank, such as The Bank of New York, to issue Depositary Receipts.
Depositary Receipts may trade freely, just like any other security, either on an exchange or in the over-the-counter market and can be used to raise capital.
www.depositary-receipts.com   (127 words)

  
  American Depositary Receipt - Wikipedia, the free encyclopedia
Each ADR is issued by a U.S. depositary bank and represents one or more shares of a foreign stock or a fraction of a share.
Depositary banks have numerous responsibilities to the holders of ADRs and to the non-U.S. company the ADRs represent.
The largest depositary bank is The Bank of New York.
en.wikipedia.org /wiki/American_Depositary_Receipt   (1116 words)

  
 Phynova 'Harnessing the Therapeutic Power of Plants' : Investors : ADR Programme / OTCQX Market
An American Depositary Receipt (ADR) is a negotiable receipt issued in certificate or book-entry form, which represents shares in an existing outstanding class of equity shares in a non-U.S. company.
ADR issuers generally have full information in English about themselves on their websites, as well as on the main depositary bank websites, and are better tracked by the main U.S. financial websites.
ADRs held in this form are book-entry securities, where the beneficial owner's interest is recorded in an account held by the institution rather than by registration with the ADR depositary.
www.phynova.com /Investors-adr.asp   (2011 words)

  
 Depositary Receipt
Depositary receipts make it easier to buy shares in foreign companies because the shares of the company don't have to leave the home state.
When the depositary bank is in the U.S., the instruments are known as American Depositary Receipts (ADRs).
American Depositary Receipt Basics - Thanks to American depositary receipts, investors now have a world of investing opportunities to choose from.
www.investopedia.com /terms/d/depositaryreceipt.asp   (165 words)

  
 So, What's an American Depositary Receipt? - International Herald Tribune
The ADR is basically a negotiable receipt issued in certificate form that represents an existing class of equity shares in a non-U.S. company.
ADRs are often registered and traded on U.S. stock exchanges, while the shares they represent stay put in the foreign branch of the depositary bank.
The depositary bank takes care of receiving the dividends and other cash distributions relating to the stock in whatever currency they are paid and converting them to dollars at competitive foreign exchange rates.
www.iht.com /articles/1994/11/19/mrdef.php   (617 words)

  
 Stora Enso - American Depositary Receipts
ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by U.S. investor, and to provide a corporate finance vehicle for non-U.S. companies.
The Company’s ADRs will continue to trade as a ‘Level I ADRs’ on the OTCQX, and there will be no material change to the relationship between the Company and the ADR holders, nor in the rights of ADR holders.
ADR shareholders can convert their ADRs to R shares denominated in Euros and quoted on the Helsinki Stock Exchange by contacting their broker and requesting a cancellation of their ADRs.
www.storaenso.com /CDAvgn/main/0,,1_-1851--,00.html   (1426 words)

  
 American Depository Receipt (ADRs) -- A complete definition
American Depository Receipts (ADRs) are certificates that represent shares of a foreign stock owned and issued by a U.S. bank.
ADRs are issued and pay dividends in U.S. dollars, making them a good way for domestic investors to own shares of a foreign company without the complications of currency conversion.
ADRs give U.S. investors the ability to easily purchase shares in foreign firms, and they are typically much more convenient and cost effective for domestic investors (versus purchasing stocks in overseas markets).
www.streetauthority.com /terms/a/adr.asp   (804 words)

  
 American Depositary Receipts - ADR
ADR prices and liquidity will track very closely the underlying security as any deviation will be quickly corrected by traders exploiting an easy arbitrage opportunity.
These are termed Unsponsored Depositary Receipts, and in the early days of the ADR market they were quite common.
The depositaries for the ADRs tend to be concentrated among a very few banks; the most active of which is the Bank Of New York, which acts as a depositary for approximately 60% of all issues.
www.greekshares.com /adr.php   (669 words)

  
 American Depositary Receipt Definition - What is American Depositary Receipt?
An American Depositary Receipt (ADR) is a negotiable certificate that trades in the US whose underlying assets are shares in a foreign company.
The American Depositary Receipt was introduced to facilitate the purchase of shares of companies in other countries.
An American Depositary Receipt is an excellent investment for US investors who wish to capitalize on international growth potential outside the US.
www.investorglossary.com /american-depositary-receipt.htm   (287 words)

  
 SEC EDGARpro API | View Text
The Depositary may withhold the delivery or registration of transfer of any Receipt or the distribution or sale of any dividend or other distribution or rights or of the proceeds thereof or the delivery of any Deposited Securities underlying such Receipt until the foregoing is accomplished to the Depositarys reasonable satisfaction.
The Depositary shall comply with written instructions of the Company not to accept for deposit under the Deposit Agreement any CPOs identified in such instructions at such times and under such circumstances as may be specified in such instructions in order to facilitate the Companys compliance with the securities laws of the United States.
The Depositary shall at any time at the direction of the Company (which shall be confirmed in writing) terminate the Deposit Agreement by mailing notice of such termination to the Holders of all Receipts then outstanding at least thirty (30) days prior to the date fixed in such notice for such termination.
sec.freeedgar.com /displayText.asp?ID=4067554   (1847 words)

  
 [No title]   (Site not responding. Last check: )
ADRs are US dollar denominated negotiable instruments issued in the US by a depositary bank (e.g.
ADRs enable US investors to acquire and trade non-US securities denominated in US dollars without concern for the differing settlement timetables and the problems typically associated with overseas markets.
A share that is issued to an investor evidenced by a depositary receipt, representing the underlying ordinary share trading in the issuer's home market.
www.adr.db.com.cob-web.org:8888 /shared/gloss_a.htm   (182 words)

  
 American Depositary Receipt (ADR)
A negotiable certificate issued by a U.S. bank representing a specified number of shares (or one share) in a foreign stock that is traded on a U.S. exchange.
ADRs are denominated in U.S. dollars, with the underlying security held by a U.S. financial institution overseas.
ADRs help to reduce administration and duty costs that would otherwise be levied on each transaction.
www.investopedia.com /terms/a/adr.asp   (251 words)

  
 ABN AMRO Investor Relations - American Depositary Receipt (ADR)
ADRs are quoted and traded in US dollars, and are settled according to procedures governing the US market.
ADRs enable investors to invest in non-US securities without concern for often complex and expensive cross-border transactions, and offer substantially the same economic, corporate and voting rights enjoyed by domestic shareholders of the non-US issuer.
The ADR programme is administered by JPMorgan in New York.
www.investor.abnamro.com /shares/adrs.cfm   (355 words)

  
 Impact-The American Depositary Receipt Upsurge
The popularity of American Depositary Receipts (ADRs) is another classic example of the interaction between supply and demand in the global marketplace.
ADRs are negotiable certificates that represent shares of stock in a non-U.S. company and trade in the U.S. financial markets the same way ordinary U.S. shares do.
Three years later, there was a dramatic increase in the number of companies raising capital through the depositary receipt structure.
www.ivey.uwo.ca /Publications/impact/vol3_11.htm   (929 words)

  
 Definition of American Depositary Share (ADS)
ADRs are issued by a U.S. bank, such as J.P. Morgan, that functions as a depositary.
The relationship between the number of ADRs and the number for foreign shares is typically referred to as the ADR ratio.
Finally, the concept of the ADR has been extended to other geographical markets, resulting in structures known as global depositary receipts (GDRs), international depositary receipts (IDRs), and European depositary receipts (EDRs), which are generally traded or listed in one or more international markets.
www.eagletraders.com /advice/adr_definition.htm   (388 words)

  
 ABN AMRO - American Depositary Receipt (ADR)
ADRs are quoted and traded in US dollars, and are settled according to procedures governing the US market.
ADRs enable investors to invest in non-US securities without concern for often complex and expensive cross-border transactions, and offer substantially the same economic, corporate and voting rights enjoyed by domestic shareholders of the non-US issuer.
The ADR programme is administered by JPMorgan in New York.
www.abnamro.com /shares/adrs.cfm   (334 words)

  
 American depositary receipt – Dictionary Definition of American depositary receipt | Encyclopedia.com: FREE Online ...
American depositary receipt (ADR) A receipt issued by a US bank to a member of the US public who has bought shares in a foreign country.
One ADR represents two common shares and trades under the symbol MTE on the...
Taipei: Chunghwa Telecom plans to launch a much-postponed American Depositary Receipts (ADRs) issue in July.
www.encyclopedia.com /doc/1O18-Americandepositaryreceipt.html   (942 words)

  
 Welcome to LG Display
The relationship between the ADR and the ordinary share is referred to as the ratio.
While many ADR programs are established with a 1:1 ratio (one underlying share equals one depositary share), current ADR programs have ratios ranging from 100,000:1 to 1:100.
A depositary is a bank that provides stock transfer services in connection with a depositary receipt program, including issuing and canceling ADRs, maintaining the register of holders, distributing dividends in U.S. dollars, providing annual meeting services and executing corporate actions.
www.lgphilips-lcd.com /homeContain/jsp/eng/inv/inv610_j_e.jsp   (502 words)

  
 The Bank of New York: 2003 Archive
Depositary receipt trading volume for 2003 was highest for companies from the United Kingdom, Taiwan, Netherlands and Finland.
ADR investment performance, as tracked by The Bank of New York ADR Indices*, will show strong gains for 2003 on a composite basis and across geographic segments.
The research was conducted on a representative universe of 767 depositary receipt programs between 1980 and 2003.
www.bankofny.com /htmlpages/npr_2003_1386_4144423037353645423933343443323539324330464530444339384237333743.htm   (888 words)

  
 American Depositary Receipt (ADR) Definition | Business Dictionaries from AllBusiness.com
Those, called Sponsored ADRs, which are issued in cooperation with the foreign company whose equity shares will underlie the related American Depositary Share (ADS), are eligible for listing on a major U.S. exchange and afford the shareholder rights and benefits associated with direct ownership, such as voting rights, and the right to receive reports.
ADRs are traded on stock exchange and in over-the-counter medicine markets like stocks of domestic companies.
Two types of American Depositary Receipts include sponsored ADRs, which are approved and promoted by the issuing corporation; and unsponsored ADRs, which are not backed by the issuer.
www.allbusiness.com /glossaries/american-depositary-receipt-adr/4943458-1.html   (736 words)

  
 China Netcom Group Corporation -Hong Kong- Limited Appoints Citigroup Depositary for NYSE Listed ADR Program
Citigroup Depositary Receipt Services, the leading depositary bank, announced Wednesday that it has established an American Depositary Receipt (ADR) Program for China Netcom Group Corporation (Hong Kong) Limited ("China Netcom"), a leading fixed-line telecommunications operator in China and a leading international data communications operator in the Asia Pacific Region.
Citigroup Depositary Receipt Services is a leader in bringing quality issuers to the U.S. market and promoting American Depositary Receipts (ADRs) as an effective capital markets tool.
Depositary Receipt Services is a business line within Citigroup(R) Global Transaction Services, a leading provider of integrated cash management, trade finance and securities services for corporations, financial institutions, intermediaries and governments around the world.
www.zdnetindia.com /print.html?iElementId=112712   (773 words)

  
 American Depositary Receipt
An American Depositary Receipt (ADR) is the most common type of GDR.
ADRs are frequently used by non-US companies that want a secondary listing in the US.
A secondary listing of ADRs in the US may still be worth the expense for very large companies that really do need access to the enlarged pool of investors.
moneyterms.co.uk /adrgdr   (176 words)

  
 Tan Kin Lian's Blog: American Depository Receipt (ADR)
Each ADR is issued by a US depositary bank and can represent a fraction of a share, a single share, or multiple shares of foreign stock.
The price of an ADR is often close to the price of the foreign stock in its home market, adjusted for the ratio of ADRs to foreign company shares.
The first ADR was introduced by JPMorgan in 1927, for the British retailer Selfridges&Co. The largest depositary bank is the Bank of New York Mellon.
tankinlian.blogspot.com /2008/04/american-depository-receipt-adr.html   (299 words)

  
 MENAFN - Middle East North Africa . Financial Network News: Focus Media Holding Ltd. Appoints Citigroup Depositary for ...
Citigroup Depositary Receipt Services is a leader in bringing quality issuers to the U.S. market and promoting American Depositary Receipts (ADRs) as an effective capital markets tool.
Citibank began offering ADRs in 1928 and today is widely recognized for providing non-U.S. companies with a gateway to the resources of Citigroup and the means to diversify shareholder bases and increase liquidity.
Depositary Receipt Services is a business line within Citigroup(R) Global Transaction Services, a leading provider of integrated cash management, trade, securities and fund services for corporations, financial institutions, intermediaries and governments around the world.
www.menafn.com /qn_news_story.asp?StoryId=CqTxJqbKbmtK1yJG2nti   (661 words)

  
 Stora Enso - American Depositary Receipts   (Site not responding. Last check: )
An ADR is a negotiable U.S. certificate representing ownership of shares in a non-U.S. corporation.
ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by U.S. investor, and to provide a corporate finance vehicle for non-U.S. companies.
ADRs also allow easy comparison to securities of similar companies as well as access to price and trading information, if listed.
www.enso.com /CDAvgn/main/0,,1_-1851--,00.html   (649 words)

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