DR Converter™
What is DR Converter?
- DR Converter is a proprietary interactive application designed by The Bank of New York Mellon that compares and analyzes the cost of owning Depositary Receipts with the cost of holding shares directly in the local market.
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DR Converter performs two key analytical functions:
a single security analysis and a sample portfolio analysis.
Why use DR Converter?
- To quantify the cost, liquidity and convenience advantages of Depositary Receipts for investors who typically invest directly in the ordinary shares of non-U.S. companies.
- To enhance portfolio performance by identifying potential cost savings opportunities.
- To help manage global custodian costs more effectively.
- To enable investors, through Depositary Receipt investment, eliminate the need to custodize securities in non-U.S markets.
- To assist investors in identifying the growing number of non-U.S companies that are eligible to be held in Depositary Receipt Forms.
Who can benefit most from DR Converter?
- Portfolio/Money Managers
- Plan Sponsors/Consultants
- Buy/Sell Side Research Analysts
- Buy/Sell Side Equity Traders
- Equity Capital Market/Syndicate Desks
- Operations Analysts
To discuss the features and benefits of DR Converter, or to analyze the costs of owning depositary receipts, please contact:
- Ms. Tanya Amaya
- Email: tanya.amaya@bnymellon.com
- Ms. Alexis Vasquez Meissner
- Email: alexis.vasquez@bnymellon.com
- Mr. Joseph Oakenfold
- Email: joe.oakenfold@bnymellon.com
