A Primer on American Depositary Receipts (ADRs)

American Depositary Receipts (ADRs) are securities of non-US corporations that trade in the US stock markets.  Individual shares of such foreign securities represented by ADRs are called as American Depositary Shares. ADRs are created when a broker purchases shares of a non-US corporation on its home stock exchange and transfers them to a local custodian…

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