Helo, I am a Malaysia investor.
Recently, I invest in BP ADR from US market, through my local broking firm.
I was wondering, whether owning BP ADR, requires me to pay custody fee. What my understanding is, bank which issues the ADR, will charge a custody fee, by deducting it from the received dividend.
I cannot find a specified of such information from http://www.bp.com/subsection.do?categoryId=9032991&contentId=7060574, regarding BP ADR.