sponsored American Depositary Receipt

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 the monetary 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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

sponsored American Depositary Receipt

An American Depositary Receipt in which the company whose shares are held in custody has direct involvement in issuance of the ADRs. The foreign company registers the receipts with the Securities and Exchange Commission and chooses a single depositary bank. Holders of sponsored ADRs have all the rights of common stockholders, including the right to receive reports, the right to vote, and the right to receive dividends. Compare unsponsored American Depositary Receipt.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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References in periodicals archive ?
Citi's Issuer Services business, acting through Citibank, N.A., has been appointed by PJSC "LUKOIL", one of the world's largest oil and gas companies, as the successor depositary bank for its sponsored American Depositary Receipt (ADR) programs, the company said.
Citi named successor depositary bank for PJSC LUKOIL's ADR programs
BNY Mellon, (NYSE: BK) a company involved in investment management and investment services, has been appointed by Anglo American plc as depositary bank for its sponsored American depositary receipt (ADR) programme, replacing a previously unsponsored facility.
BNY Mellon hired by Anglo American for depositary receipt programme
de CV., Saltillo, Mexico, has launched a sponsored American depositary receipt (ADR) facility traded on the OTC market, according to Business Wire.
Mexican Foundry Group Launches ADR
BNY Mellon (NYSE: BK) has been appointed by BMW Group as depositary bank for its sponsored American depositary receipt (ADR) program, replacing previously unsponsored facilities, the company said.
BNY Mellon's sponsored depositary receipt program selected by Germany's BMW Group
Bank of New York Mellon Corporation (BNY Mellon) (NYSE: BK) has been selected by Germany's Deutsche Post AG (Deutsche Post DHL) (XETRA: DPW) (FRA: DPB) (DPBGn.BE) (OTC: DEUPF.PK) as depositary bank for its sponsored American depositary receipt (ADR) programme.
Deutsche Post DHL hires BNY Mellon as depositary bank
Citibank NA disclosed on Wednesday that Citi's Issuer Services business, acting through the bank, was named the successor depositary bank by Vale SA, for its sponsored American Depositary Receipt (ADR) programmes.
Citi names successor depositary bank for Vale SA's sponsored ADR programmes
BNY Mellon, a global leader in investment management and investment services, said it has been appointed by Anglo American plc as depositary bank for its sponsored American depositary receipt (ADR) program, replacing a previously unsponsored facility.
Anglo American selects BNY Mellon for sponsored depositary receipt program
'We are delighted to be appointed depositary bank for Sanlam's sponsored American depositary receipt (ADR) programme.
Sanlam appoints Deutsche Bank as depositary bank
The US bank was appointed depositary for Valid's Level I Sponsored American Depositary Receipt (ADR) programme.
-Citi picked depositary bank by Valid

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