Has this been discussed on HC? Have noticed an ADR Depositary listing on the Far Website, so just doing some reading into it. I can understand us having a bank account in US, but why an ADR? I'm sure someone financially savvy can explain this further?
http://www.far.com.au/about-far/corporate-directory/
ADR Depositary
BNY Mellon
101 Barclay Street
New York, New York, 10286
United States of America
http://www.investopedia.com/video/play/how-do-adrs-work/
http://www.adrbnymellon.com/dr_edu_basics_and_benefits.jsp
...
A flexible mechanism for raising capital and a vehicle or currency for mergers and acquisitions
Has this been discussed on HC? Have noticed an ADR Depositary...
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