Template:ADR - FWMD

Top Trumps^®Financial Weapons of Mass Destruction^®

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ADR

“It’s not synthetic equity. Just calm the hell down.”

Docs	The Full American: US bond docs, plus security and custody. Lots of it, all dull.	6
Amendability	Nope, but why would you?	5
Collateral	Fully, and delta-one.	0
Transferability	Seeing as that’s the point, yes. Safely transferable.	0
Leverage	Zippo the Hippo.	0
Fright-o-meter	Disney grade only. Suitable for all the family — Unless the issuer is in a scary foreign jurisdiction in which case OMEN GRADE	8