What does ADR mean in UNCLASSIFIED

An American Depository Receipt (ADR) is a type of security that represents a foreign company's publicly traded shares in the United States. ADRs are issued by U.S. depositories and are bought and sold on U.S. exchanges, just like regular U.S.-traded stocks and bonds.

ADRs come with many advantages for investors, such as providing a lower cost way to access foreign markets, reducing currency exchange risks associated with owning foreign securities, offering greater liquidity than many overseas markets provide, and simplified reporting requirements for foreign holdings compared to holding the underlying stock directly in its native country.

ADRs are issued by U.S. financial institutions called depositories. The main depository banks include Bank of New York Mellon (BNYM), JPMorgan Chase (JPM), Citigroup Inc., Deutsche Bank and HSBC.

You can purchase an ADR through any broker-dealer that offers access to U.S exchanges where the respective ADR is listed for trading purposes, just like any other publicly traded security on these exchanges such as stocks or bonds.

Many large international companies from countries including Japan, China, Brazil, Russia, Germany and Canada have chosen to list their securities in the United States via an American Depository Receipt program sponsored by one of the large depository banks previously mentioned in this FAQ list or another approved institution approved by the SEC or Foreign Exchange Board (FOREX).

The responsibility of maintaining ownership records of all registered securities traded in the US including American Depository Receipts lies with the issuer’s transfer agent who works with the depository bank to manage investor information securely and accurately track investor accounts on behalf of issuers as well as ensure compliance with relevant regulatory requirements imposed on transfer agents from both SEC and FOREX authorities.

Investors can usually obtain up-to-date valuation information on any publicly listed American Depository Receipt through major financial websites such as Yahoo Finance or Bloomberg Markets which provide real time quotes as well as historical information related to pricing evolution trends etc..

No, while holders of American Depositary Receipts may receive certain shareholder benefits depending on each particular case; they do not gain voting rights within underlying Issuer since there is no legal mechanism that allows them to exercise those rights.