Fiserv Canadian Depositary Receipts (CAD Hedged) (FISV)

Profile

https://www.fiserv.com

Fiserv Canadian Depositary Receipts (CAD Hedged) are Canadian Depositary Receipts (CDRs) issued by CIBC, providing Canadian investors with exposure to Fiserv, Inc., a leading global provider of payments and financial technology solutions. Each CDR represents a variable number of underlying Fiserv shares, adjusted daily via a CDR ratio to maintain economic equivalence while hedging against CAD/USD currency fluctuations, enabling seamless trading in Canadian dollars on exchanges like Cboe Canada and the Canadian Securities Exchange. Fiserv specializes in core processing, electronic funds transfer, payment processing, merchant acquiring, digital banking, and e-commerce solutions, primarily serving U.S. banks, credit unions, and merchants, with about 10% of revenue from international operations; the company, headquartered in Milwaukee, Wisconsin, employs 38,000 people. Recently, the ticker symbol updated from FI to FISV effective January 28, 2026, with no changes to the security name or CUSIP, ensuring continuity for holders whose accounts update automatically. These CDRs enhance accessibility to U.S. financial technology leaders for Canadian portfolios without direct foreign exchange exposure.