Talk:American Depositary Receipt Information & Talk:American Depositary Receipt Links at HealthHaven.com

Is ADR backed by existing shares(eg: the treasury shares) or new shares? If it is the latter, the company issuing ADR effectly get financing from foreign markets. Correct me if I am wrong. —Preceding unsigned comment added by 218.186.12.211 (talk) 15:04, 13 January 2009 (UTC)

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The price of an ADR corresponds to the price of the foreign stock in its home market, adjusted for the ratio of ADRs to foreign company shares.

This is technically not accurate. There is often a very close correlation, but ADRs trade on their own and occassionally are a good percentage off when adjusted.

I will be expanding this article as I am very familiar with ADRs, since I work with them, as long as I get no objection.

Skyler 19:05, Jul 28, 2004 (UTC)

[edit] Name change

It took a lot of work to change the name from "American Depositary Receipt" to "American depository receipt", and change everything that links here. Unfortunately, it all apparently needs to go back.

It's not true that "American depository receipt" is the "more common spelling". When I enter both spellings into Google, American depository receipt gets 40800 hits, and American Depositary Receipt gets 77600 hits.

Google isn't case sensitive, so it's only comparing the spelling difference, -ary vs. -ory. However, looking down both lists of hits, it is obvious that nearly all references to American Depositary (or Depository) Receipts capitalize all three letters, even if it isn't part of an article title. So even if -ary vs. -ory isn't worth fighting over, we really need to revert the capitalization anyway.

Furthermore, the preference for -ary is much more than Google's 2 to 1, because the articles that say -ory don't represent the same ADR experience as the articles that say -ary. The SEC link in your External Links says -ary. The other External Link doesn't mention ADR's at all, because it's about foreign currency exchange trading, not ADR's, and it should be replaced with a major ADR site like www.adr.com. The New York Stock Exchange glossary says -ary (although they are carrying a news story that says -ory). The big banks that actually handle ADR's for other companies, JP Morgan, Bank of New York, and Citigroup, have extensive sites on ADR's and always spell them -ary. (Merrill Lynch says -ory, but only twice - to describe issuing a new index based on ADR's, not ADR's themselves). The sites that say -ory are mostly reference sites that talk about ADR's, and sometimes companies with their own ADR, but not banks that handle them for others.

Finally, let's consider organizations that are aware of both spellings and see which spelling they chose. You can find the JP Morgan site www.adr.com and the Bank of New York site www.adrbny.com with either spelling in the Google search field (perhaps to snag prospective customers who can't spell) - but on the sites they only use -ary. According to [1], Depository is "common but incorrect; it's depositary". The only source that verifiably knows both spellings and uses -ory is Wikipedia - for now. Art LaPella 23:14, 12 October 2005 (UTC)

Addition. A foreign company has to file an equivalent of 10-Q under heading 6K. This heading can include all kinds of other information, so in order to find quarterly data, the best strategy is to browse through all 6Ks one-by-one starting with one filed immediately after the analysed quarter ended.

Retrieved from "http://en.wikipedia.org/wiki/Talk:SEC_filing"

[edit] Dollar-Denominated Negotiable Certificate

When trying to find out what ADR meant, in the disambiguate page I also found this entry: 'Dollar-Denominated Negotiable Certificate, represents ownership of shares in a non-U.S. company.' Does anyone think it should be merged in with this article (and its entry removed from the disambiguate page) or are they indeed different? Sparky132 00:09, 14 February 2007 (UTC)