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ADR Depositary?

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    Has this been discussed on HC? Have noticed an ADR Depositary listing on the Far Website, so just doing some reading into it. I can understand us having a bank account in US, but why an ADR? I'm sure someone financially savvy can explain this further?

    http://www.far.com.au/about-far/corporate-directory/

    ADR Depositary

    BNY Mellon
    101 Barclay Street
    New York, New York, 10286
    United States of America

    http://www.investopedia.com/video/play/how-do-adrs-work/


    http://www.adrbnymellon.com/dr_edu_basics_and_benefits.jsp

    ...
    A flexible mechanism for raising capital and a vehicle or currency for mergers and acquisitions
 
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