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Sponsored ADR
(redirected from Sponsored ADRs)

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Sponsored ADR
An American Depositary Receipt issued with the knowledge and cooperation of the company whose stock backs it. Unlike other ADRs, which simply give themonetary benefits of ownership, sponsored ADRs are treated just like common stock, complete with voting rights, only denominated in the U.S. dollar. In order for an ADR to trade on the New York Stock Exchange, it must be sponsored. See also: International depositary receipt.
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When added to existing sponsored ADRs, the new unsponsored programs enable investors to better replicate many of the world's leading foreign equity indices in U.
The Bank of New York Mellon Launches the Classic ADR Index by PR Newswire
Sponsored ADRs have one depositary bank that is appointed by the issuer who pays a fee to the depositary bank.
The international attributes and return performance of newly-listed ... by Nanda, Sudhir; Feng, Chenyang; Owers, James E. / International Journal of Business
Level I depositary receipts are the first level of sponsored ADRs that can be issued and may only be traded on the OTC market.
Implementation of a Sponsored Level I American Depositary Receipt ... by Business Wire
 
 
 
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