What are American depositary receipts (ADRs)?
ADRs are securities issued by banks that represent shares in companies outside the U.S. They allow investors to trade these foreign shares in U.S. dollars ๐ต on U.S. stock exchanges or the over-the-counter (OTC) market. Each ADR typically represents a specific number of shares in a foreign company ๐.
What are ADR fees?
The banks or agents managing ADRs may charge small fees for their services, such as custodial management and overseeing the ADR program. These fees usually range from $0.01 to $0.03 per share ๐ and will appear on your statement as "ADR fees".
Through your account with our partner broker ๐ค, these fees are collected and reflected based on the rates set by the custodian bank or ADR agent, with a minimum charge of $0.01 ๐ณ.