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ADR Conversions

American Depository Receipt (ADR) Conversions

Voluntary Election Tool for American Depository Receipt (ADR) Conversions

An ADR trades like a stock but is composed of ordinary shares of a foreign corporation. ADRs provide a convenient and cost-effective way to buy foreign shares without incurring foreign tax obligations on each transaction. While ADR prices tend to follow the price of the foreign underlying shares, prices may diverge to create an arbitrage opportunity.

Our Voluntary Election Tool provides a simple process for converting ADRs into the underlying foreign shares. To access the Voluntary Election Tool, log in to Portal and click the Conversions tab. Additional information on using the Voluntary Election Tool is available in our Knowledge Base.

Note that the number of ordinary shares that make up each ADR varies and the ratio of shares to ADR is indicated by the ADR ratio. For example, a ratio of 2:1 indicates two ordinary shares per one ADR. If the shares were trading at USD 35.00, the price of the ADR would likely be around USD 70.00.

For non-supported ADRs, submit an Inquiry Ticket using the Secure Message Center in Portal.

Supported ADRs

Ordinary Shares (ORD) ORD Symbol ORD ISIN Ratio (ORD to ADR) ADR Symbol ADR ISIN Creation Fee/share Redemption Fee/share Fee Cablewire Fee
AIA GROUP LTD 1299 HK0000069689 4 AAGIY US0013172053 0.05 0.05 500 17.00
ALIBABA GROUP HOLDING LTD 9988 KYG017191142 8 BABA US01609W1027 0.05 0.05 500 17.00
ARCADIS NV ARCAD NL0006237562 1 ARCAY US03923E1073 0.05 0.05 500 17.00
ASM INTERNATIONAL NV ASM NL0000334118 1 ASMIY USN070451026 0.05 0.05 500 17.00
ASTRAZENECA PLC AZN GB0009895292 0.5 AZN US0463531089 0.05 0.05 500 17.00
BAE SYSTEMS PLC BA. GB0002634946 4 BAESY US05523R1077 0.05 0.05 500 17.00
BAIDU INC-CLASS A 9888 KYG070341048 8 BIDU US0567521085 0.05 0.05 500 17.00
BANK OF EAST ASIA LTD 23 HK0023000190 1 BKEAY US0618741039 0.05 0.05 500 17.00
BARCLAYS PLC BARC GB0031348658 4 BCS US06738E2046 0.05 0.05 500 17.00
BEIGENE LTD 6160 KYG1146Y1017 13 BGNE US07725L1026 0.05 0.05 500 17.00
BEIJING ENTERPRISES HLDGS 392 HK0392044647 10 BJINY US07725Q2003 0.05 0.05 500 17.00
BILIBILI INC-CLASS Z 9626 KYG1098A1013 1 BILI US0900401060 0.05 0.05 500 17.00
BOC HONG KONG HOLDINGS LTD 2388 HK2388011192 20 BHKLY US0968132094 0.05 0.05 500 17.00
BP PLC BP. GB0007980591 6 BP US0556221044 0.05 0.05 500 17.00
BRITISH AMERICAN TOBACCO PLC BATS GB0002875804 1 BTI US1104481072 0.05 0.05 500 17.00
BRITISH LAND CO PLC BLND GB0001367019 1 BTLCY US1108281007 0.05 0.05 500 17.00
BRITVIC PLC BVIC GB00B0N8QD54 2 BTVCY US1111901047 0.05 0.05 500 17.00
BUNZL PLC BNZL GB00B0744B38 1 BZLFY US1207384066 0.05 0.05 500 17.00
BURBERRY GROUP PLC BRBY GB0031743007 2 BURBY US12082W2044 0.05 0.05 500 17.00
BYD CO LTD-H 1211 CNE100000296 2 BYDDY US05606L1008 0.05 0.05 500 17.00
CARNIVAL PLC CCL GB0031215220 1 CUK US14365C1036 0.05 0.05 500 17.00
CATHAY PACIFIC AIRWAYS 293 HK0293001514 5 CPCAY US1489063081 0.05 0.05 500 17.00
CENTRICA PLC CNA GB00B033F229 4 CPYYY US15639K3005 0.05 0.05 500 17.00
CHINA RESOURCES BEER HOLDING 291 HK0291001490 2 CRHKY US16940R1095 0.05 0.05 500 17.00
CITIC LTD 267 HK0267001375 5 CTPCY US17304K1025 0.05 0.05 500 17.00
CLP HOLDINGS LTD 2 HK0002007356 1 CLPHY US18946Q1013 0.05 0.05 500 17.00
CP POKPHAND CO LTD 43 BMG715071343 25 CPKPY US1259182012 0.05 0.05 500 17.00
DIAGEO PLC DGE GB0002374006 4 DEO US25243Q2057 0.05 0.05 500 17.00
ESPRIT HOLDINGS LTD 330 BMG3122U1457 2 ESPGY US29666V2043 0.05 0.05 500 17.00
EXPERIAN PLC EXPN GB00B19NLV48 1 EXPGY US30215C1018 0.05 0.05 500 17.00
FIRST PACIFIC CO 142 BMG348041077 5 FPAFY US3358892004 0.05 0.05 500 17.00
HANG LUNG GROUP LTD 10 HK0010000088 5 HNLGY US41043E1029 0.05 0.05 500 17.00
HANG LUNG PROPERTIES LTD 101 HK0101000591 5 HLPPY US41043M1045 0.05 0.05 500 17.00
HANG SENG BANK LTD 11 HK0011000095 1 HSNGY US41043C3043 0.05 0.05 500 17.00
HENDERSON INVESTMENT LIMITED 97 HK0097000571 5 HDVTY US4250701095 0.05 0.05 500 17.00
HENDERSON LAND DEVELOPMENT 12 HK0012000102 1 HLDCY US4251663039 0.05 0.05 500 17.00
HIKMA PHARMACEUTICALS PLC HIK GB00B0LCW083 2 HKMPY US4312881091 0.05 0.05 500 17.00
HONG KONG & CHINA GAS 3 HK0003000038 1 HOKCY US4385503036 0.05 0.05 500 17.00
HSBC HOLDINGS PLC HSBA GB0005405286 5 HSBC US4042804066 0.05 0.05 500 17.00
HYSAN DEVELOPMENT CO 14 HK0014000126 2 HYSNY US4491623041 0.05 0.05 500 17.00
I- CABLE COMMUNICATIONS LTD., 1097 HK1097008929 20 ICABY US44934B1044 0.05 0.05 500 17.00
JD.COM INC-CLASS A 9618 KYG8208B1014 2 JD US47215P1066 0.05 0.05 500 17.00
KINGFISHER PLC KGF GB0033195214 2 KGFHY US4957244035 0.05 0.05 500 17.00
KONINKLIJKE KPN NV KPN NL0000009082 1 KKPNY US7806412059 0.05 0.05 500 17.00
KONINKLIJKE PHILIPS NV PHIA NL0000009538 1 PHG US5004723038 0.05 0.05 500 17.00
LEE & MAN PAPER MANUFACTURIN 2314 KYG5427W1309 10 LMPMY US5233521021 0.03 0.03 500 17.00
LEGAL & GENERAL GROUP PLC LGEN GB0005603997 5 LGGNY US52463H1032 0.05 0.05 500 17.00
LENOVO GROUP LTD 992 HK0992009065 20 LNVGY US5262501050 0.05 0.05 500 17.00
LLOYDS BANKING GROUP PLC LLOY GB0008706128 4 LYG US5394391099 0.05 0.05 500 17.00
MARKS & SPENCER GROUP PLC MKS GB0031274896 2 MAKSY US5709121058 0.045 0.045 500 17.00
MEITUAN-CLASS B 3690 KYG596691041 2 MPNGY US58533E1038 0.05 0.05 500 17.00
NETEASE INC 9999 KYG6427A1022 25 NTES US64110W1027 0.05 0.05 500 17.00
NEW WORLD DEVELOPMENT 17 HK0000608585 0.5 NDVLY US6492743058 0.03 0.03 500 17.00
NIO INC-CLASS A 9866 KYG6525F1028 1 NIO US62914V1061 0.035 0.035 500 17.00
NOAH HOLDINGS LTD 6686 KYG6542K1269 5 NOAH US65487X1028 0.05 0.05 500 17.00
PEARSON PLC PSON GB0006776081 1 PSO US7050151056 0.05 0.05 500 17.00
POWER ASSETS HOLDINGS LTD 6 HK0006000050 1 HGKGY US7391972004 0.05 0.05 500 17.00
PRUDENTIAL PLC PRU GB0007099541 2 PUK US74435K2042 0.05 0.05 500 17.00
QIFU TECHNOLOGY INC CLASS-A 3660 KYG8851G1001 2 QFIN US88557W1018 0.05 0.05 500 17.00
RENTOKIL INITIAL PLC RTO GB00B082RF11 5 RTO US7601251041 0.05 0.05 500 17.00
RIO TINTO PLC RIO GB0007188757 1 RIO US7672041008 0.05 0.05 500 17.00
ROLLS-ROYCE HOLDINGS PLC RR. GB00B63H8491 1 RYCEY US7757812067 0.05 0.05 500 17.00
SAINSBURY (J) PLC SBRY GB00B019KW72 4 JSAIY US4662492085 0.05 0.05 500 17.00
SHANGHAI INDUSTRIAL HLDG LTD 363 HK0363006039 10 SGHIY US81943M1018 0.05 0.05 500 17.00
SHANGRI-LA ASIA LTD 69 BMG8063F1068 20 SHALY US81942Q1031 0.05 0.05 500 17.00
SHIRE PLC SHPl JE00B2QKY057 3 SHPG US82481R1068 0.05 0.05 500 17.00
SINO LAND CO 83 HK0083000502 5 SNLAY US8293443086 0.05 0.05 500 17.00
SMITH & NEPHEW PLC SN. GB0009223206 2 SNN US83175M2052 0.05 0.05 500 17.00
SMITHS GROUP PLC SMIN GB00B1WY2338 1 SMGZY US83238P2039 0.05 0.05 500 17.00
SPIRENT COMMUNICATIONS PLC SPT GB0004726096 4 SPMYY US84856M2098 0.05 0.05 500 17.00
SUN HUNG KAI PROPERTIES 16 HK0016000132 1 SUHJY US86676H3021 0.05 0.05 500 17.00
SWIRE PACIFIC LTD - CL A 19 HK0019000162 1 SWRAY US8707943028 0.05 0.05 500 17.00
SWIRE PACIFIC LTD-CL B 87 HK0087000532 5 SWRBY US8707944018 0.05 0.05 500 17.00
TECHTRONIC INDUSTRIES CO LTD 669 HK0669013440 5 TTNDY US87873R1014 0.05 0.05 500 17.00
TENCENT HOLDINGS LTD 700 KYG875721634 1 TCEHY US88032Q1094 0.05 0.05 500 17.00
TOYOTA MOTOR CORP 7203.T JP3633400001 2 TM US8923313071 0.05 0.05 500 17.00
TUYA INC 2391 KYG913841006 1 TUYA US90114C1071 0.05 0.05 500 17.00
UNILEVER PLC ULVR GB00B10RZP78 1 UL US9047677045 0.05 0.05 500 17.00
UNITED UTILITIES GROUP PLC UU. GB00B39J2M42 2 UUGRY US91311E1029 0.05 0.05 500 17.00
WETHERSPOON (J.D.) PLC JDW GB0001638955 5 JDWPY US4721461097 0.05 0.05 500 17.00
XPENG INC - CLASS A SHARES 9868 KYG982AW1003 2 XPEV US98422D1054 0.05 0.05 500 17.00
ZAI LAB LTD 9688 KYG9887T1168 10 ZLAB US98887Q1040 0.05 0.05 500 17.00
ZHIHU INC. 2390 KYG989MJ1017 3 ZH US98955N2071 0.05 0.05 500 17.00