Dollar-Denominated Negotiable Certificate

From Wikipedia, the free encyclopedia

You have new messages (last change).

An ADR is a dollar-denominated negotiable certificate that represents ownership of shares in a non-U.S. company. The structure of an ADR includes a ratio, which correlates the amount of underlying shares to the receipt. An ADR can be canceled for its underlying shares at anytime.

See [www.adr.com], taken from ©2005 JPMorgan Chase & Co. and Thomson Financial. All rights reserved.

Retrieved from "http://en.wikipedia.org../../../d/o/l/Dollar-Denominated_Negotiable_Certificate_89d4.html"