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American depositary receipt: Difference between revisions
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They were introduced in 1927<ref>Fun fact: The first [[ADR]] was introduced by [[J.P. Morgan]] on 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. | They were introduced in 1927<ref>Fun fact: The first [[ADR]] was introduced by [[J.P. Morgan]] on 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. | ||
{{ | {{sa}} | ||
*[[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]] | ||
{{ref}} | {{ref}} | ||