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What are American Depositary Receipts?

American depositary receipts (ADRs) are negotiable certificates issued by a US depositary bank representing a specified number of shares‌ — ‌usually one — ‌of a foreign company's stock. ADRs trade on US stock markets as any domestic shares would.

ADRs benefits

ADRs offer investors a way to purchase stock in overseas companies that wouldn't otherwise be available, as well as giving non-US companies easier access to the US stock markets.

To learn more about ADR fees and how they are charged, read this FAQ in our Help Centre.