Frequently Asked Questions
US Markets
American Depositary Receipt (ADR)
An ADR is a stock that trades in the United States but represents a specified number of shares in a foreign corporation. ADR agents (banks and investment banks) purchase stocks on foreign exchanges and then sell receipts for these shares on American exchanges. ADR agents charge these ADR fees to compensate for inventorying the foreign stocks and all other costs involving registration, compliance and recordkeeping services.
The ADR Fees will vary for each counter and you will be billed according to the shareholdings for each ADR shares.
Other faq that might help you
- W-8BEN Form
- Over The Counter Shares (OTC/OTCBB)
- American Depositary Receipt (ADR)
- Depository Receipt(DR)
- US Stock Indices
- Description of US Stock Exchange Practices
- Trade Control Rules
- I placed an order on POEMS but my order was rejected
- Can I trade US Counters through POEMS if I am a US Resident/ US Citizen /Canadian Citizen?
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