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Depositary receipt: Difference between revisions
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{{a|spb|{{ADR - FWMD}}}}''Not to be confused with [[synthetic equity]] derivatives. Or a [[GDR]] for that matter.'' | {{a|spb|{{subtable|{{ADR - FWMD}}}} | ||
{{subtable|{{GDR - FWMD}}}}}}''Not to be confused with [[synthetic equity]] derivatives. Or a [[GDR]] for that matter.'' | |||
A [[depositary receipt]] may be withdrawn at any time, and the waiting period for the shares being sold and the proceeds distributed to investors may be long. Much more information at the very similar concept of [[American depositary receipt]]. | |||
==American depositary receipts== | |||
An [[American depositary receipt]], or “[[ADR]]”, is a way of getting [[Synthetic trade|synthetic]] exposure to securities in hard-to-access markets. They were introduced in 1927<ref>Fun fact: The first [[ADR]] was introduced by [[J.P. Morgan]] on fusty British haberdasher Selfridges.</ref> as an easier way for [[US person|U.S. investors]] to buy foreign stock. Before [[ADR]]s came along, [[US person]]s wanting to buy non-U.S. listed shares had to buy the shares on international exchanges in the local currency, with all the [[FX]] and regulatory hair that entails. | An [[American depositary receipt]], or “[[ADR]]”, is a way of getting [[Synthetic trade|synthetic]] exposure to securities in hard-to-access markets. They were introduced in 1927<ref>Fun fact: The first [[ADR]] was introduced by [[J.P. Morgan]] on fusty British haberdasher Selfridges.</ref> as an easier way for [[US person|U.S. investors]] to buy foreign stock. Before [[ADR]]s came along, [[US person]]s wanting to buy non-U.S. listed shares had to buy the shares on international exchanges in the local currency, with all the [[FX]] and regulatory hair that entails. | ||
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*[[GDR]] - former communist East Germany - ''or'' - a [[global depositary receipt]]. | *[[GDR]] - former communist East Germany - ''or'' - a [[global depositary receipt]]. | ||
*[[Alternative dispute resolution]] | *[[Alternative dispute resolution]] | ||
*[[FWMD Top Trumps]] | |||
{{ref}} | {{ref}} | ||