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How are Deutsche Post DHL ADR created?

April 26, 2017adr deutsche DHL

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How are Deutsche Post DHL ADR created?

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ADR are created when a US broker purchases publicly traded Deutsche Post DHL shares on a stock exchange in Germany, delivers such shares to BNY Mellon’s custodian bank, and then instructs BNY Mellon to issue ADR representing the number of underlying shares deposited with the custodian. In addition, ADR may also be purchased in the US secondary trading market.