International Business Machines Corp. Canadian Depositary Receipt (CAD Hedged) (IBM0)

Profile

https://www.ibm.com

International Business Machines Corp. Canadian Depositary Receipt (CAD Hedged) is a Canadian depositary receipt structured to provide exposure to the common shares of International Business Machines Corp. while trading in Canadian dollars. This instrument represents an economic interest in the underlying U.S.-listed technology and consulting company through a fractional share structure defined by a daily adjusted CDR ratio. The CAD-hedged feature is designed to mitigate the impact of fluctuations between the Canadian and U.S. dollar on the receipt’s value, focusing performance linkage on the underlying company rather than currency movements. As part of the broader Canadian depositary receipt framework, it expands access to a major global information technology and enterprise services provider within the Canadian market, fitting into diversified strategies that seek exposure to large-cap global technology and business services issuers via locally traded, Canadian-dollar instruments.