Canada · Delayed Price · Currency is CAD Salesforce Company Description
Salesforce Inc. Depositary Receipt is a Canadian Depositary Receipt (CDR) issued by Bank of Montreal that provides Canadian investors with exposure to the common stock of Salesforce, Inc. This financial instrument represents a fractional interest in a pool of Salesforce underlying shares, with an initial CDR ratio designed to equate the value of one CDR to approximately 10 Canadian dollars.
Trading in Canadian dollars on a Canadian exchange, it features an embedded daily notional currency hedge that adjusts the CDR ratio to mitigate USD-CAD exchange rate fluctuations, offering a convenient way for domestic investors to access U.S. equities without direct foreign exchange exposure.
Salesforce, Inc., the underlying company, is a global leader in customer relationship management (CRM) technology, delivering cloud-based platforms that enable businesses across industries to connect with customers through sales, service, marketing, commerce, and analytics tools like Agentforce, Data Cloud, Slack, and Tableau.
These CDRs enhance portfolio diversification for Canadian investors by linking to Salesforce's innovative solutions that drive digital transformation and customer engagement worldwide.
| Country | Canada |
Contact Details
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Stock Details
| Ticker Symbol | ZCRM |
| Exchange | Cboe Canada |
| Reporting Currency | CAD |