An ADR that is issued by a broker/dealer or depositary bank without the involvement of the company whose stock underlies the ADR.
Related information about unsponsored ADR:
- Unsponsored ADR Definition | Investopedia
An American depositary receipt (ADR) that is issued without the involvement of   the foreign company whose stock underlies the ADR. Shareholder benefits ...
  
- Uninvited U.S. Investors? The Explosion of Unsponsored ADR ...
Oct 21, 2008 ... The Explosion of Unsponsored ADR Programs and the Implications for Foreign   Private Issuers. Corporate & Finance Alert (Cheryl A. Gorman ...
  
- Rush of Unsponsored ADRs/DRs a Headache for Japanese ...
Apr 25, 2009 ... By creating these unsponsored ADR programs and raising the profile of these   programs, the depository banks are increasing the possibility that ...
  
- Unsponsored ADR Resource Center - Depositary Receipt Services
Citi Unsponsored ADR Resource Center provides participants in the cross-  border equity space with the information needed to transact in a wide array of   new ...
  
- What is unsponsored ADR? definition and meaning
Definition of unsponsored ADR: An ADR that is issued by a broker/dealer or   depositary bank without the involvement of the company whose stock underlies   the ...
  
- SECURITIES REGISTRATION - Milbank
for foreign companies when unsponsored ADR pro- ... ber of unsponsored ADR   programs that can be ... prevent the establishment of an unsponsored ADR ...
  
- DR News: Unsponsored ADR Market To Slow | Global Finance
New unsponsored American depositary receipt (ADR) program creation is likely   to slow down in the short to medium term, according to a report by Celent, ...
  
- Corporate Finance : 1,000 Unsponsored Adr Programs Created In ...
GLOBAL EQUITY /DRS More than 1000 unsponsored American depositary   receipt programs were created in the last three months of 2008, in many cases ...