Foreign Exchange Rates

An American Depositary Receipt (abbreviated ADR) represents ownership in the shares of a non-U.S. company that trades in U.S. financial markets. The stock of many non-US companies trade on US stock exchanges through the use of ADRs. ADRs enable U.S. investors to buy shares in foreign companies without the hazards or inconveniences of cross-border & cross-currency transactions. ADRs carry prices in US dollars, pay dividends in US dollars, and can be traded like the shares of US-based companies.

Depositary receipts make it easier to buy shares in foreign companies because the shares of the company don’t have to leave the home state.

When the depositary bank is in the U.S., the instruments are known as American Depositary Receipts (ADRs). European banks issue European depositary receipts, and other banks issue global depositary receipts (GDRs).

Citi^® Depositary Receipt Services

Citi’s Depositary Receipt Services is a leader in bringing quality issuers to global capital markets and in promoting Depositary Receipts (DRs) as an effective capital markets tool. Citi began offering DRs in 1928 and today is widely recognized for providing companies with access to the powerful global platform Citi has to offer.

A Depositary Receipt program can serve a variety of purposes. Whether you are looking to raise capital, build international visibility or diversify your shareholder base, Citi is aligned to help you achieve your goals. When supporting a Depositary Receipt program, Citi provides issuers with access to the following value-added resources:

• Experienced in-house global Investor Relations team—providing advice, strategic insight and practical counsel directly to issuers
• Unparalleled global sales and distribution network—consisting of large & mid-tier institutional investors and retail clients
• Dedicated Account Management team—enabling a single point of contact for comprehensive support
• Specialized Structuring and Implementation team—ensuring the efficient execution of transactions
• Innovative Product Management team—developing resourceful solutions for enhanced access to markets and investors

Benefits for Issuers, Investors and Brokers

• Issuers – DRs can broaden and diversify the issuer’s shareholder base with potentially greater liquidity, benefit share valuations and convey a global commitment.
• Investors – DRs that are quoted in and pay dividends and interest in U.S. dollars, may benefit from competitive U.S. dollar/foreign exchange rate conversions; allow institutions with foreign investment restrictions to diversify globally and minimize global custodian fees.
• Brokers – DRs offer competitive and flexible pricing, efficient access to relevant issuer information and convenient settlement capabilities.

It is reported that HP is developing the new plastic screen in HP Labs in place of the glass screen. Information Surfaces Lab director Carl Taussig said the glass screen is removed in the next decade. “In 10 years, the glass is both a reminder of the sample as cathode ray tubes (CRT) are today,” Taussig said during a visit to his laboratory. In this ltn156at01 screen LCD, the traditional display consists of two thin layers of dark glass with liquid crystal material in the middle. The glass is covered on the outside by a layer of plastic.
Therefore, this may change as the news shows recently. Why the adoption of plastic screen? Obviously, the first reason is the weight of the laptop. It is lighter than glass in practical use. It is known that the laptop LCD screen is one third the cost of a laptop. So it’s important for manufacturers to reduce the cost in making this screen. There is no doubt that plastic is a substitution of the best traditional laptop LCD.
Taussig and his team is developing a plastic processing technology, the process uses only 50 microns thick ultrathin plastic. Simple language, which emphasizes that its thickness is only half the day. Since plastic is flexible, people can use to make similar to newspaper printing settlement processing system (roll to roll). And the current number of glass factories used by large mechanical arm to move large compared with the process more efficient, lower cost and more. And this technology was implemented in the next year in the U.S. military.
If this LP156WH1-TLC1 can be applied prior to the laptop, you will lose weight quickly and become more effective is known that the laptop LCD screen represent one third of the cost of a laptop. So it’s important for manufacturers to reduce the cost in making this screen. There is no doubt that plastic is a substitution of the best traditional laptop LCD.