Sponsored ADR program
What is an American Depositary Receipt (ADR)?
An ADR is a negotiable US certificate representing ownership of shares in a non-US corporation. ADRs are quoted and traded in US dollars in the US securities market. Dividend payments are also paid in US dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors and to provide a corporate finance vehicle for non-US companies.
What are the benefits of ADRs to US investors?
US investors generally prefer to purchase ADRs rather than ordinary shares in the issuer's home market because ADRs trade, clear and settle according to US market conventions. One of the main advantages is the facilitation of diversification into foreign securities. ADRs allow easy comparison to securities of similar companies, as well as access to price and trading information. ADR holders also appreciate receiving US dollar dividend payments (if declared) and receiving corporate action notifications.
How can I buy or sell ADRs?
As ADRs are US securities, most US stockbrokers can assist with the purchase or sale of ADRs.
Where are Accor ADRs traded?
Accor ADRs are traded on the US over-the-counter (OTC) market using the following information:
ADR symbol: ACCYY
Industry: Travel and Leisure
Effective date: 2 March 2015
Underlying SEDOL: 585284
Underlying ISIN: FR0000120404
US ISIN: US00435F3091