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American Depositary Receipt-ADR
American Depositary Receipt is a negotiable certificate issued by the US bank, which represents certain number of shares of a foreign company traded on the US stock exchange.
American Depositary Receipts are created with intention to make it easier for American investors to buy shares of foreign companies. There are lower transaction costs involved and timely dividend distributions expressed in US dollars. However, do not underestimate the economic risk, as well as conversion expenses and foreign taxes.
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