General information
American Depositary Receipts (ADRs) are stock certificates issued by depositary institutions abroad, with underlying securities of Brazilian companies. Considered important instruments for companies to raise funds overseas, ADRs were developed by international financial institutions to overcome natural barriers formed by different operational procedures, languages, legal frameworks, among others.
In the role of custodian bank, Itaú offers custody services for the underlying assets of ADRs.
Confira aqui os objetivos dos diferentes níveis de Depositary Receipt
Recommended for:
- Foreign investors
Dedicated team
Teams dedicated to customer service and operations, including corporate events.
Security
Rigorous controls are audited regularly to ensure information security.
Outstanding position in the market
Broad-based expertise in ADR-related operations.
Participating Agents in the ADR Program
- Depositary Institution or ADR Issuer: the foreign issuer of Depositary Receipts abroad;
- Custodian: custodian institution of underlying assets of ADRs, authorized by CVM (the Brazilian Securities and Exchange Commission) to provide custody services in Brazil. Service provided by Itaú Unibanco S.A;
- Sponsor: listed Brazilian company, issuer of the underlying securities of ADRs;
- Banks, brokerages, custody user or distributors who buy, sell, transfer or receive transfers for ADR issuance or cancelation.
