JPMorgan and Bank of New York Mellon. JPMorgan and Bank of New York Mellon provide up-tothe 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 international diversification of the firm’s liquid asset portfolio with ADRs

b. Identify whether the ADR program level (I, II, III, 144A) has any significance to selecting the securities you believe the firm should consider JP Morgan ADRs www.adr.com Bank of New York Mellon www.adrbnymellon.com