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American Depositary Receipt
(redirected from Depositary bank)

    Also found in: Wikipedia 0.03 sec.
American Depositary Receipt (ADR)
Certificates issued by a US 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 ADR's are "sponsored," the corporation provides financial information and other assistance to the bank and may subsidize the administration of the ADR. "Unsponsored" ADRs do not receive such assistance. ADRs are subject to the same currency, political, and economic risks as the underlying foreign share. Arbitrage keeps the prices of ADRs and underlying foreign shares, adjusted for the SDR/ordinary ratio essentially equal. American depository shares (ADS) are a similar form of certification.
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New York, as depositary bank, has announced that Grupo Industrial Saltillo, S.
Mexican Foundry Group Launches ADR by Modern Casting
LONDON -- Deutsche Bank announces its appointment as successor depositary bank for the New York Stock Exchange-listed American Depositary Receipt (ADR) programs of FIAT S.
Deutsche Bank Appointed as Successor Depositary Bank for the American ... by Business Wire
NEW YORK -- JPMorgan Worldwide Securities Services today announced that it has been appointed successor depositary bank for the common and preferred share American Depositary Receipt (ADR) programs for Petrobras - Petroleo Brasileiro SA (NYSE: PBR & PBRA).
Petrobras Selects JPMorgan for $25 Billion ADR Program by Business Wire
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