JPMorgan and Bank of New York Mellon. JPMorgan and Bank of New York Mellon provide up to the minute performance of American Depositary Receipts in the U.S. marketplace. The site highlights the high-performing equities of the day.

a. Prepare a briefing for senior management in your firm encouraging them to consider internationally diversifying the firm’s liquid asset portfolio with ADRs.

b. Identify whether the ADR program level (I, II, III, 144A) has any significance to which securities you believe the firm should consider.

JPMorgan ADRs www.adr.com Bank of New York Mellon www.adrbnymellon.com