About ADRs

American Depositary Receipts (ADRs) are a negotiable instrument issued by a US depositary bank evidencing ownership interests in shares in a non-US company. Each ADR evidences American Depositary Shares (ADSs), representing a specific number of underlying shares on deposit with a custodian in the issuer's home market. ADRs are quoted and traded in US dollars in the US securities market, and the associated dividends are paid to investors in US dollars. ADRs facilitate the purchase, holding and sale of non-US securities by US investors and provide a corporate finance vehicle for non-US issuers. These securities are often known as simply DRs.

How to purchase ADRs

ADR Frequently Asked Questions