J.P. Morgan & Co., the largest American depositary receipt bank, is giving shareholders on-line account access.
An American depositary receipt is a dollar-denominated form of equity ownership in a non-U.S. company.
Rene Vanguestaine, managing director and global head of J.P. Morgan's American depository receipt group, said the account access is the first of a series of enhancements the bank plans to make to its adr.com site in the months ahead.
J.P. Morgan has also changed the name of its American depositary receipt direct purchase and dividend reinvestment plan for retail investors to Global Invest Direct. It was previously the Shareholder Services Plan.