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 |
|---|---|---|---|---|---|---|---|---|---|
| WESTPAC BANKING CORPORATION | WBC | AU000000WBC1 | 1 | WBK | US9612143019 | 0.05 | 0.05 | 500 | 17.00 |
| ESPRIT HOLDINGS LTD | 330 | BMG3122U1457 | 2 | ESPGY | US29666V2043 | 0.01 | 0.05 | 500 | 17.00 |
| FIRST PACIFIC CO | 142 | BMG348041077 | 5 | FPAFY | US3358892004 | 0.02 | 0.05 | 500 | 17.00 |
| CP POKPHAND CO LTD | 43 | BMG715071343 | 25 | CPKPY | US1259182012 | 0.02 | 0.05 | 500 | 17.00 |
| SHANGRI-LA ASIA LTD | 69 | BMG8063F1068 | 20 | SHALY | US81942Q1031 | 0.05 | 0.05 | 500 | 17.00 |
| BRITISH LAND CO PLC | BLND | GB0001367019 | 1 | BTLCY | US1108281007 | 0.04 | 0.05 | 500 | 17.00 |
| WETHERSPOON (J.D.) PLC | JDW | GB0001638955 | 5 | JDWPY | US4721461097 | 0.05 | 0.05 | 500 | 17.00 |
| AVIVA PLC | AV. | GB0002162385 | 2 | AVVIY | US05382A1043 | 0.05 | 0.05 | 500 | 17.00 |
| DIAGEO PLC | DGE | GB0002374006 | 4 | DEO | US25243Q2057 | 0.05 | 0.05 | 500 | 17.00 |
| BAE SYSTEMS PLC | BA. | GB0002634946 | 4 | BAESY | US05523R1077 | 0.05 | 0.05 | 500 | 17.00 |
| BRITISH AMERICAN TOBACCO PLC | BATS | GB0002875804 | 1 | BTI | US1104481072 | 0.05 | 0.05 | 500 | 17.00 |
| SPIRENT COMMUNICATIONS PLC | SPT | GB0004726096 | 4 | SPMYY | US84856M2098 | 0.04 | 0.05 | 500 | 17.00 |
| HSBC HOLDINGS PLC | HSBA | GB0005405286 | 5 | HSBC | US4042804066 | 0.05 | 0.05 | 500 | 17.00 |
| LEGAL & GENERAL GROUP PLC | LGEN | GB0005603997 | 5 | LGGNY | US52463H1032 | 0.05 | 0.05 | 500 | 17.00 |
| PEARSON PLC | PSON | GB0006776081 | 1 | PSO | US7050151056 | 0.05 | 0.05 | 500 | 17.00 |
| PRUDENTIAL PLC | PRU | GB0007099541 | 2 | PUK | US74435K2042 | 0.05 | 0.05 | 500 | 17.00 |
| RIO TINTO PLC | RIO | GB0007188757 | 1 | RIO | US7672041008 | 0.05 | 0.05 | 500 | 17.00 |
| BP PLC | BP. | GB0007980591 | 6 | BP | US0556221044 | 0.05 | 0.05 | 500 | 17.00 |
| LLOYDS BANKING GROUP PLC | LLOY | GB0008706128 | 4 | LYG | US5394391099 | 0.03 | 0.05 | 500 | 17.00 |
| TATE & LYLE PLC | TATE | GB0008754136 | 4 | TATYY | US8765706077 | 0.05 | 0.05 | 500 | 17.00 |
| TESCO PLC | TSCO | GB0008847096 | 3 | TSCDY | US8815753020 | 0.045 | 0.045 | 500 | 17.00 |
| SMITH & NEPHEW PLC | SN. | GB0009223206 | 5 | SNN | US83175M2052 | 0.05 | 0.05 | 500 | 17.00 |
| ASTRAZENECA PLC | AZN | GB0009895292 | 1 | AZN | US0463531089 | 0.05 | 0.05 | 500 | 17.00 |
| BT GROUP PLC | BT.A | GB0030913577 | 10 | BT | US05577E1010 | 0.05 | 0.05 | 500 | 17.00 |
| CARNIVAL PLC | CCL | GB0031215220 | 1 | CUK | US14365C1036 | 0.05 | 0.05 | 500 | 17.00 |
| MARKS & SPENCER GROUP PLC | MKS | GB0031274896 | 2 | MAKSY | US5709121058 | 0.04 | 0.04 | 500 | 17.00 |
| BARCLAYS PLC | BARC | GB0031348658 | 4 | BCS | US06738E2046 | 0.05 | 0.05 | 500 | 17.00 |
| BURBERRY GROUP PLC | BRBY | GB0031743007 | 2 | BURBY | US12082W2044 | 0.05 | 0.05 | 500 | 17.00 |
| KINGFISHER PLC | KGF | GB0033195214 | 2 | KGFHY | US4957244035 | 0.04 | 0.05 | 500 | 17.00 |
| SAINSBURY (J) PLC | SBRY | GB00B019KW72 | 4 | JSAIY | US4662492085 | 0.05 | 0.05 | 500 | 17.00 |
| CENTRICA PLC | CNA | GB00B033F229 | 4 | CPYYY | US15639K3005 | 0.04 | 0.05 | 500 | 17.00 |
| ROYAL DUTCH SHELL PLC-A SHS | RDSA | GB00B03MLX29 | 2 | RDS A | US7802592060 | 0.05 | 0.05 | 500 | 17.00 |
| ROYAL DUTCH SHELL PLC-B SHS | RDSB | GB00B03MM408 | 2 | RDS B | US7802591070 | 0.05 | 0.05 | 500 | 17.00 |
| BUNZL PLC | BNZL | GB00B0744B38 | 5 | BZLFY | US1207384066 | 0.05 | 0.05 | 500 | 17.00 |
| RENTOKIL INITIAL PLC | RTO | GB00B082RF11 | 5 | RTOKY | US7601251041 | 0.05 | 0.05 | 500 | 17.00 |
| SIRIUS MINERALS PLC | SXX | GB00B0DG3H29 | 500 | SRUXY | US82967P1030 | 0.05 | 0.05 | 500 | 17.00 |
| GREENE KING PLC | GNK | GB00B0HZP136 | 2 | GKNGY | US3947022030 | 0.05 | 0.05 | 500 | 17.00 |
| HIKMA PHARMACEUTICALS PLC | HIK | GB00B0LCW083 | 2 | HKMPY | US4312881091 | 0.05 | 0.05 | 500 | 17.00 |
| BRITVIC PLC | BVIC | GB00B0N8QD54 | 2 | BTVCY | US1111901047 | 0.05 | 0.05 | 500 | 17.00 |
| UNILEVER PLC | ULVR | GB00B10RZP78 | 1 | UL | US9047677045 | 0.05 | 0.05 | 500 | 17.00 |
| DEBENHAMS PLC | DEB | GB00B126KH97 | 4 | DBHSY | US2427372030 | 0.05 | 0.05 | 500 | 17.00 |
| NIGHTHAWK ENERGY PLC | HAWK.GBP | GB00B156TD53 | 20 | NHEGY | US65411V1070 | 0.01 | 0.05 | 500 | 17.00 |
| EXPERIAN PLC | EXPN | GB00B19NLV48 | 1 | EXPGY | US30215C1018 | 0.05 | 0.05 | 500 | 17.00 |
| SMITHS GROUP PLC | SMIN | GB00B1WY2338 | 1 | SMGZY | US83238P2039 | 0.05 | 0.05 | 500 | 17.00 |
| PROVIDENT FINANCIAL PLC | PFG | GB00B1Z4ST84 | 1 | FPLPY | US74387B1035 | 0.04 | 0.05 | 500 | 17.00 |
| UNITED UTILITIES GROUP PLC | UU. | GB00B39J2M42 | 2 | UUGRY | US91311E1029 | 0.05 | 0.05 | 500 | 17.00 |
| PREMIER OIL PLC | PMO | GB00B43G0577 | 1 | PMOIY | US7405361079 | 0.02 | 0.05 | 500 | 17.00 |
| ROLLS-ROYCE HOLDINGS PLC | RR. | GB00B63H8491 | 5 | RYCEY | US7757812067 | 0.05 | 0.05 | 500 | 17.00 |
| BHP GROUP PLC | BHP | GB00BH0P3Z91 | 2 | BBL | US05545E2090 | 0.05 | 0.05 | 500 | 17.00 |
| AIA GROUP LTD | 1299 | HK0000069689 | 4 | AAGIY | US0013172053 | 0.05 | 0.05 | 500 | 17.00 |
| CLP HOLDINGS LTD | 2 | HK0002007356 | 1 | CLPHY | US18946Q1013 | 0.05 | 0.05 | 500 | 17.00 |
| HONG KONG & CHINA GAS | 3 | HK0003000038 | 1 | HOKCY | US4385503036 | 0.05 | 0.05 | 500 | 17.00 |
| POWER ASSETS HOLDINGS LTD | 6 | HK0006000050 | 1 | HGKGY | US7391972004 | 0.05 | 0.05 | 500 | 17.00 |
| HANG LUNG GROUP LTD | 10 | HK0010000088 | 5 | HNLGY | US41043E1029 | 0.05 | 0.05 | 500 | 17.00 |
| HANG SENG BANK LTD | 11 | HK0011000095 | 1 | HSNGY | US41043C3043 | 0.05 | 0.05 | 500 | 17.00 |
| HENDERSON LAND DEVELOPMENT | 12 | HK0012000102 | 1 | HLDCY | US4251663039 | 0.05 | 0.05 | 500 | 17.00 |
| HYSAN DEVELOPMENT CO | 14 | HK0014000126 | 2 | HYSNY | US4491623041 | 0.05 | 0.05 | 500 | 17.00 |
| SUN HUNG KAI PROPERTIES | 16 | HK0016000132 | 1 | SUHJY | US86676H3021 | 0.05 | 0.05 | 500 | 17.00 |
| NEW WORLD DEVELOPMENT | 17 | HK0017000149 | 2 | NDVLY | US6492743058 | 0.03 | 0.03 | 500 | 17.00 |
| SWIRE PACIFIC LTD - CL A | 19 | HK0019000162 | 1 | SWRAY | US8707943028 | 0.05 | 0.05 | 500 | 17.00 |
| BANK OF EAST ASIA LTD | 23 | HK0023000190 | 1 | BKEAY | US0618741039 | 0.03 | 0.05 | 500 | 17.00 |
| SINO LAND CO | 83 | HK0083000502 | 5 | SNLAY | US8293443086 | 0.04 | 0.05 | 500 | 17.00 |
| SWIRE PACIFIC LTD-CL B | 87 | HK0087000532 | 5 | SWRBY | US8707944018 | 0.04 | 0.05 | 500 | 17.00 |
| HENDERSON INVESTMENT LIMITED | 97 | HK0097000571 | 5 | HDVTY | US4250701095 | 0.05 | 0.05 | 500 | 17.00 |
| HANG LUNG PROPERTIES LTD | 101 | HK0101000591 | 5 | HLPPY | US41043M1045 | 0.05 | 0.05 | 500 | 17.00 |
| SHUN TAK HOLDINGS LTD. | 242 | HK0242001243 | 10 | SHTGY | US8256461026 | 0.03 | 0.05 | 500 | 17.00 |
| CITIC LTD | 267 | HK0267001375 | 5 | CTPCY | US17304K1025 | 0.04 | 0.05 | 500 | 17.00 |
| CHINA RESOURCES BEER HOLDING | 291 | HK0291001490 | 2 | CRHKY | US16940R1095 | 0.04 | 0.05 | 500 | 17.00 |
| CATHAY PACIFIC AIRWAYS | 293 | HK0293001514 | 5 | CPCAY | US1489063081 | 0.04 | 0.05 | 500 | 17.00 |
| SHANGHAI INDUSTRIAL HLDG LTD | 363 | HK0363006039 | 10 | SGHIY | US81943M1018 | 0.05 | 0.05 | 500 | 17.00 |
| BEIJING ENTERPRISES HLDGS | 392 | HK0392044647 | 10 | BJINY | US07725Q2003 | 0.05 | 0.05 | 500 | 17.00 |
| TECHTRONIC INDUSTRIES CO LTD | 669 | HK0669013440 | 5 | TTNDY | US87873R1014 | 0.05 | 0.05 | 500 | 17.00 |
| CNOOC LTD | 883 | HK0883013259 | 100 | CEO | US1261321095 | 0.05 | 0.05 | 500 | 17.00 |
| LENOVO GROUP LTD | 992 | HK0992009065 | 20 | LNVGY | US5262501050 | 0.05 | 0.05 | 500 | 17.00 |
| I- CABLE COMMUNICATIONS LTD., | 1097 | HK1097008929 | 20 | ICABY | US44934B1044 | 0.01 | 0.05 | 500 | 17.00 |
| BOC HONG KONG HOLDINGS LTD | 2388 | HK2388011192 | 20 | BHKLY | US0968132094 | 0.05 | 0.05 | 500 | 17.00 |
| SHIRE PLC | SHPl | JE00B2QKY057 | 3 | SHPG | US82481R1068 | 0.05 | 0.05 | 500 | 17.00 |
| BEIGENE LTD | 6160 | KYG1146Y1017 | 13 | BGNE | US07725L1026 | 0.05 | 0.05 | 500 | 17.00 |
| HUTCHISON TELECOMM HONG KONG | 215 | KYG4672G1064 | 15 | HTHKY | US44841V1026 | 0.05 | 0.05 | 500 | 17.00 |
| LEE & MAN PAPER MANUFACTURIN | 2314 | KYG5427W1309 | 10 | LMPMY | US5233521021 | 0.045 | 0.045 | 500 | 17.00 |
| TENCENT HOLDINGS LTD | 700 | KYG875721634 | 1 | TCEHY | US88032Q1094 | 0.05 | 0.05 | 500 | 17.00 |
| TRULY INTERNATIONAL HOLDINGS | 732 | KYG910191363 | 20 | TRUHY | US8978911076 | 0.02 | 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 |
| KONINKLIJKE DSM NV | DSM | NL0000009827 | 0.25 | RDSMY | US7802491081 | 0.05 | 0.05 | 500 | 17.00 |
| AEGON NV | AGN | NL0000303709 | 1 | AEG | US0079241032 | 0.05 | 0.05 | 500 | 17.00 |
| ASM INTERNATIONAL NV | ASM | NL0000334118 | 1 | ASMIY | USN070451026 | 0.05 | 0.05 | 500 | 17.00 |
| ARCADIS NV | ARCAD | NL0006237562 | 1 | ARCAY | US03923E1073 | 0.05 | 0.05 | 500 | 17.00 |