A
American Depository Share - ADS
American Depository Share - ADS
Image 1 A share issued under deposit agreement that represents an underlying security in the issuers home country.
Image 2 The term ADR and ADS are thought to be the same, they sort of are. ADS is the actual share trading while ADR represents a bundle of ADSs.



American Depository Receipt (ADR)

Global Depository Receipt (GDR)