ADR - American Depositary Receipt
An American Depositary Receipt, or ADR, is a negotiable U.S. security representing ownership of publicly traded shares in a non-U.S. corporation. ADR’s are quoted and traded in U.S. dollars in the U.S. securities market. Dividends, when paid, are paid to investors in U.S. dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by U.S. investors. ADRs eliminate many of the obstacles of holding non-U.S. securities since they trade and settle according to U.S. market practices, are quoted and traded in dollars and pay dividends in dollars.
Swedbank's ADR
Swedbank’s ADR depositary bank and transfer agent is JPMorgan Chase Bank, N.A. The ADR shares are traded OTC. The ticker symbol is SWDBY. |
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How to buy an ADR
You can purchase ADRs directly through your broker as a beneficial or 'street name' holder. Beneficial or 'street name' holders usually hold their shares through a bank or brokerage account and are not directly registered on the books of the company.
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