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What is the American Depositary Receipt (ADR) custodial fee?

April 26, 2017adr American custodial Depositary fee RECEIPT

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What is the American Depositary Receipt (ADR) custodial fee?

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Agents for American Depositary Receipt (ADR) issues for the imposition of a custodial fee to holders, to be collected by the ADR agent. The usual practice is for the ADR agent to deduct the custodial fee from the gross dividend payable to the ADR holders. In turn, we will deduct these ADR fees from dividends due to clients or otherwise a debit advice will be sent to clients seeking their payment. Rate applied will be approximately USD0.02 per ADR. The ADR custodial fees is imposed by DTC and is irrevocable and not subject to waiver.