Tag Archive for 'BNY Mellon'

Why African investors use Depositary Receipts?

Many foreign investors have investments in Africa but hold them in international custody in the form of Depositary Receipts, usually known as “American” (ADRs) if issued in the US, “Global” (GDRs) in London and there are DRs in several other countries including South Africa (SADRs). This article explains how they work.