11/19/03
NEW YORK, N.Y., November 19, 2003 - The Bank of New York, the world’s largest depositary for American and global depositary receipts, today introduced ADR INFORMSM, its latest advancement in depositary receipt issuer analytics and reporting.
Using sophisticated Internet technology, ADR INFORMSM provides the Bank’s depositary receipt clients with a framework to effectively monitor and manage the dynamic aspects of their depositary receipt program. ADR INFORMSM will analyze cross border broker activity, trading volume and value, and enable clients to develop shareholder identification and targeting programs in the ongoing management of their internationally traded equities.
A unique feature of ADR INFORMSM allows issuers to compare and contrast various metrics of their program’s performance, such as program size and value, against their industry and country peers or the ADR Composite Index as a whole.
Christopher R. Sturdy, managing director and head of The Bank of New York’s Depositary Receipt Division, said, "The Bank of New York’s leading depositary position is clearly strengthened by the many innovations we have developed for the depositary receipt market. Our latest enhancement, ADR INFORMSM, reflects our strategic focus on delivering the most advanced information resources to our clients."
The Bank of New York is the world’s largest depositary for American and global depositary receipts, allowing non-U.S. companies to offer dollar-denominated securities to investors worldwide. The Bank currently issues depositary receipts for more than 1,400 programs representing 70 countries and accounts for 67% of all public sponsored depositary receipt programs.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in securities servicing for issuers, investors and financial intermediaries. The Company plays an integral role in the infrastructure of the capital markets, servicing securities in more than 100 markets worldwide. The Company provides quality solutions through leading technology for global corporations, financial institutions, asset managers, governments, non-profit organizations, and individuals. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has a distinguished history of serving clients around the world through its five primary businesses: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Market Services, and Retail Banking. Additional information on the Company is available at www.bankofny.com.
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