Article
American Depository Receipt
American Depository Receipt is an excellent way to buy shares of a foreign company in the US. American Depository Receipt is basically a negotiable certificate that is issued by the bank representing the foreign stock. American Depository Receipt was first used by JPMorgan in 1927, for the Selfridges&Co, a British retailer. There are so many reasons that make American Depository Receipt a viable option for investing in foreign stocks that are being traded at the US stock mark
February 10, 2008