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What are the procedures for ADRs cancellation (switching ADRs back to local shares)?

April 26, 2017ADRs cancellation local procedures Shares switching

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What are the procedures for ADRs cancellation (switching ADRs back to local shares)?

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The ordinary share investor asks his US broker to send cancellation requests to DMX ADR bank and subsequently deliver the ADRs to DMX ADR bank for cancellation. Upon receipt of ADRs, DMX ADR bank instructs local custodian to deliver/release the ordinary shares to the designated local broker according to the settlement details.