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[o]" accesskey="o" class=""><span>Најава</span></a> </li> </ul> </div> </div> </div> <div id="vector-user-links-dropdown" class="vector-dropdown vector-user-menu vector-button-flush-right vector-user-menu-logged-out" title="Повеќе можности" > <input type="checkbox" id="vector-user-links-dropdown-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-user-links-dropdown" class="vector-dropdown-checkbox " aria-label="Лични алатки" > <label id="vector-user-links-dropdown-label" for="vector-user-links-dropdown-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only " aria-hidden="true" ><span class="vector-icon mw-ui-icon-ellipsis mw-ui-icon-wikimedia-ellipsis"></span> <span class="vector-dropdown-label-text">Лични алатки</span> </label> <div class="vector-dropdown-content"> <div id="p-personal" class="vector-menu mw-portlet mw-portlet-personal user-links-collapsible-item" title="Корисничко мени" > <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="pt-sitesupport" class="user-links-collapsible-item mw-list-item"><a href="//donate.wikimedia.org/wiki/Special:FundraiserRedirector?utm_source=donate&utm_medium=sidebar&utm_campaign=C13_mk.wikipedia.org&uselang=mk"><span>Дарување</span></a></li><li id="pt-createaccount" class="user-links-collapsible-item mw-list-item"><a href="/w/index.php?title=%D0%A1%D0%BF%D0%B5%D1%86%D0%B8%D1%98%D0%B0%D0%BB%D0%BD%D0%B0:%D0%A1%D0%BE%D0%B7%D0%B4%D0%B0%D1%98%D0%9A%D0%BE%D1%80%D0%B8%D1%81%D0%BD%D0%B8%D1%87%D0%BA%D0%B0%D0%A1%D0%BC%D0%B5%D1%82%D0%BA%D0%B0&returnto=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0+%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0+%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0" title="Ви препорачуваме да направите сметка и да се најавите, иако тоа не е задолжително"><span class="vector-icon mw-ui-icon-userAdd mw-ui-icon-wikimedia-userAdd"></span> <span>Направи сметка</span></a></li><li id="pt-login" class="user-links-collapsible-item mw-list-item"><a href="/w/index.php?title=%D0%A1%D0%BF%D0%B5%D1%86%D0%B8%D1%98%D0%B0%D0%BB%D0%BD%D0%B0:%D0%9D%D0%B0%D1%98%D0%B0%D0%B2%D1%83%D0%B2%D0%B0%D1%9A%D0%B5&returnto=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0+%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0+%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0" title="Ви препорачуваме да се најавите, иако тоа не е задолжително. [o]" accesskey="o"><span class="vector-icon mw-ui-icon-logIn mw-ui-icon-wikimedia-logIn"></span> <span>Најава</span></a></li> </ul> </div> </div> <div id="p-user-menu-anon-editor" class="vector-menu mw-portlet mw-portlet-user-menu-anon-editor" > <div class="vector-menu-heading"> Страници за одјавени уредници <a href="/wiki/%D0%9F%D0%BE%D0%BC%D0%BE%D1%88:%D0%92%D0%BE%D0%B2%D0%B5%D0%B4" aria-label="Дознајте повеќе за уредувањето"><span>дознајте повеќе</span></a> </div> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="pt-anoncontribs" class="mw-list-item"><a href="/wiki/%D0%A1%D0%BF%D0%B5%D1%86%D0%B8%D1%98%D0%B0%D0%BB%D0%BD%D0%B0:%D0%9C%D0%BE%D0%B8%D0%9F%D1%80%D0%B8%D0%B4%D0%BE%D0%BD%D0%B5%D1%81%D0%B8" title="Список на уредувања направени од оваа IP-адреса [y]" accesskey="y"><span>Придонеси</span></a></li><li id="pt-anontalk" class="mw-list-item"><a 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srcset=\"//upload.wikimedia.org/wikipedia/commons/thumb/8/80/Official_medallion_of_the_British_Anti-Slavery_Society_%281795%29.jpg/38px-Official_medallion_of_the_British_Anti-Slavery_Society_%281795%29.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/8/80/Official_medallion_of_the_British_Anti-Slavery_Society_%281795%29.jpg/50px-Official_medallion_of_the_British_Anti-Slavery_Society_%281795%29.jpg 2x\" data-file-width=\"900\" data-file-height=\"900\" /\u003E\u003C/a\u003E\u003Cfigcaption\u003EУредувачки ден „Аболиционизам“\u003C/figcaption\u003E\u003C/figure\u003E\n\u003Cp\u003EСе известуваат сите заинтересирани уредници на Википедија на македонски јазик дека на 28 ноември 2024 година ќе се одржи \u003Ca href=\"/wiki/%D0%92%D0%B8%D0%BA%D0%B8%D0%BF%D0%B5%D0%B4%D0%B8%D1%98%D0%B0:%D0%A3%D1%80%D0%B5%D0%B4%D1%83%D0%B2%D0%B0%D1%87%D0%BA%D0%B8_%D0%B4%D0%B5%D0%BD%D0%BE%D0%B2%D0%B8\" title=\"Википедија:Уредувачки денови\"\u003Eуредувачки ден\u003C/a\u003E на тема „\u003Cb\u003E\u003Ca href=\"/wiki/%D0%92%D0%B8%D0%BA%D0%B8%D0%BF%D0%B5%D0%B4%D0%B8%D1%98%D0%B0:%D0%A3%D1%80%D0%B5%D0%B4%D1%83%D0%B2%D0%B0%D1%87%D0%BA%D0%B8_%D0%B4%D0%B5%D0%BD%D0%BE%D0%B2%D0%B8_2024#Аболиционизам\" title=\"Википедија:Уредувачки денови 2024\"\u003EАболиционизам\u003C/a\u003E\u003C/b\u003E“.\n\u003Cbr style=\"clear:both;\" /\u003E\n\u003C/p\u003E\n\u003Cfigure class=\"mw-halign-left\" typeof=\"mw:File\"\u003E\u003Ca href=\"/wiki/%D0%9F%D0%BE%D0%B4%D0%B0%D1%82%D0%BE%D1%82%D0%B5%D0%BA%D0%B0:Wikipe-tan_mopping.png\" class=\"mw-file-description\"\u003E\u003Cimg src=\"//upload.wikimedia.org/wikipedia/commons/thumb/c/c0/Wikipe-tan_mopping.png/25px-Wikipe-tan_mopping.png\" decoding=\"async\" width=\"25\" height=\"30\" class=\"mw-file-element\" srcset=\"//upload.wikimedia.org/wikipedia/commons/thumb/c/c0/Wikipe-tan_mopping.png/38px-Wikipe-tan_mopping.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/c/c0/Wikipe-tan_mopping.png/50px-Wikipe-tan_mopping.png 2x\" data-file-width=\"1800\" data-file-height=\"2149\" /\u003E\u003C/a\u003E\u003Cfigcaption\u003E\u003C/figcaption\u003E\u003C/figure\u003E\n\u003Cp\u003EСе известуваат сите заинтересирани уредници дека во периодот од 4 ноември до 3 декември 2024 година се одржува \u003Ca href=\"/wiki/%D0%92%D0%B8%D0%BA%D0%B8%D0%BF%D0%B5%D0%B4%D0%B8%D1%98%D0%B0:%D0%A3%D1%80%D0%B5%D0%B4%D1%83%D0%B2%D0%B0%D1%87%D0%BA%D0%B8_%D0%BD%D0%B0%D1%82%D0%BF%D1%80%D0%B5%D0%B2%D0%B0%D1%80%D0%B8\" title=\"Википедија:Уредувачки натпревари\"\u003Eуредувачки натпревар\u003C/a\u003E за \u003Cb\u003E\u003Ca href=\"/wiki/%D0%92%D0%B8%D0%BA%D0%B8%D0%BF%D0%B5%D0%B4%D0%B8%D1%98%D0%B0:%D0%A3%D1%80%D0%B5%D0%B4%D1%83%D0%B2%D0%B0%D1%87%D0%BA%D0%B8_%D0%BD%D0%B0%D1%82%D0%BF%D1%80%D0%B5%D0%B2%D0%B0%D1%80%D0%B8/%D0%A1%D1%80%D0%B5%D0%B4%D1%83%D0%B2%D0%B0%D1%9A%D0%B5_(2024)\" title=\"Википедија:Уредувачки натпревари/Средување (2024)\"\u003Eсредување на статии\u003C/a\u003E\u003C/b\u003E. Прочитајте ги правилата и вклучете се!\n\u003C/p\u003E\u003C/div\u003E\u003C/div\u003E\u003C/div\u003E\u003C/div\u003E\u003C/div\u003E";}}());</script></div> </div> <div class="vector-column-start"> <div class="vector-main-menu-container"> <div id="mw-navigation"> <nav id="mw-panel" class="vector-main-menu-landmark" aria-label="Мрежно место"> <div id="vector-main-menu-pinned-container" class="vector-pinned-container"> </div> </nav> </div> </div> <div class="vector-sticky-pinned-container"> <nav id="mw-panel-toc" aria-label="Содржина" data-event-name="ui.sidebar-toc" class="mw-table-of-contents-container vector-toc-landmark"> <div id="vector-toc-pinned-container" class="vector-pinned-container"> <div id="vector-toc" class="vector-toc vector-pinnable-element"> <div class="vector-pinnable-header vector-toc-pinnable-header vector-pinnable-header-pinned" data-feature-name="toc-pinned" data-pinnable-element-id="vector-toc" > <h2 class="vector-pinnable-header-label">Содржина</h2> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-pin-button" data-event-name="pinnable-header.vector-toc.pin">премести во страничникот</button> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-unpin-button" data-event-name="pinnable-header.vector-toc.unpin">скриј</button> </div> <ul class="vector-toc-contents" id="mw-panel-toc-list"> <li id="toc-mw-content-text" class="vector-toc-list-item vector-toc-level-1"> <a href="#" class="vector-toc-link"> <div class="vector-toc-text">Почеток</div> </a> </li> <li id="toc-Одлики_на_АДР" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Одлики_на_АДР"> <div class="vector-toc-text"> <span class="vector-toc-numb">1</span> <span>Одлики на АДР</span> </div> </a> <ul id="toc-Одлики_на_АДР-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Наводи" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Наводи"> <div class="vector-toc-text"> <span class="vector-toc-numb">2</span> <span>Наводи</span> </div> </a> <ul id="toc-Наводи-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Содржина" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-page-titlebar-toc" class="vector-dropdown-checkbox " aria-label="Прик./скр. содржина" > <label id="vector-page-titlebar-toc-label" for="vector-page-titlebar-toc-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--icon-only " aria-hidden="true" ><span class="vector-icon mw-ui-icon-listBullet mw-ui-icon-wikimedia-listBullet"></span> <span class="vector-dropdown-label-text">Прик./скр. содржина</span> </label> <div class="vector-dropdown-content"> <div id="vector-page-titlebar-toc-unpinned-container" class="vector-unpinned-container"> </div> </div> </div> </nav> <h1 id="firstHeading" class="firstHeading mw-first-heading"><span class="mw-page-title-main">Американска депозитарна потврда</span></h1> <div id="p-lang-btn" class="vector-dropdown mw-portlet mw-portlet-lang" > <input type="checkbox" id="p-lang-btn-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-p-lang-btn" class="vector-dropdown-checkbox mw-interlanguage-selector" aria-label="Појдете на статија на друг јазик. Достапно на 19 јазици" > <label id="p-lang-btn-label" for="p-lang-btn-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--action-progressive mw-portlet-lang-heading-19" aria-hidden="true" ><span class="vector-icon mw-ui-icon-language-progressive mw-ui-icon-wikimedia-language-progressive"></span> <span class="vector-dropdown-label-text">19 јазици</span> </label> <div class="vector-dropdown-content"> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li class="interlanguage-link interwiki-de mw-list-item"><a href="https://de.wikipedia.org/wiki/American_Depositary_Receipt" title="American Depositary Receipt — германски" lang="de" hreflang="de" data-title="American Depositary Receipt" data-language-autonym="Deutsch" data-language-local-name="германски" class="interlanguage-link-target"><span>Deutsch</span></a></li><li class="interlanguage-link interwiki-en mw-list-item"><a href="https://en.wikipedia.org/wiki/American_depositary_receipt" title="American depositary receipt — англиски" lang="en" hreflang="en" data-title="American depositary receipt" data-language-autonym="English" data-language-local-name="англиски" class="interlanguage-link-target"><span>English</span></a></li><li class="interlanguage-link interwiki-es mw-list-item"><a href="https://es.wikipedia.org/wiki/American_Depositary_Receipt" title="American Depositary Receipt — шпански" lang="es" hreflang="es" data-title="American Depositary Receipt" data-language-autonym="Español" data-language-local-name="шпански" class="interlanguage-link-target"><span>Español</span></a></li><li class="interlanguage-link interwiki-fa mw-list-item"><a href="https://fa.wikipedia.org/wiki/%D8%B1%D8%B3%DB%8C%D8%AF_%D8%B3%D9%BE%D8%B1%D8%AF%D9%87_%D8%A2%D9%85%D8%B1%DB%8C%DA%A9%D8%A7%DB%8C%DB%8C" title="رسید سپرده آمریکایی — персиски" lang="fa" hreflang="fa" data-title="رسید سپرده آمریکایی" data-language-autonym="فارسی" data-language-local-name="персиски" class="interlanguage-link-target"><span>فارسی</span></a></li><li class="interlanguage-link interwiki-fr mw-list-item"><a href="https://fr.wikipedia.org/wiki/American_depositary_receipt" title="American depositary receipt — француски" lang="fr" hreflang="fr" data-title="American depositary receipt" data-language-autonym="Français" data-language-local-name="француски" class="interlanguage-link-target"><span>Français</span></a></li><li class="interlanguage-link interwiki-ga mw-list-item"><a href="https://ga.wikipedia.org/wiki/Admh%C3%A1il_Taisc%C3%AD_Mheirice%C3%A1nach" title="Admháil Taiscí Mheiriceánach — ирски" lang="ga" hreflang="ga" data-title="Admháil Taiscí Mheiriceánach" data-language-autonym="Gaeilge" data-language-local-name="ирски" class="interlanguage-link-target"><span>Gaeilge</span></a></li><li class="interlanguage-link interwiki-ko mw-list-item"><a href="https://ko.wikipedia.org/wiki/%EB%AF%B8%EA%B5%AD_%EC%98%88%ED%83%81_%EC%A6%9D%EA%B6%8C" title="미국 예탁 증권 — корејски" lang="ko" hreflang="ko" data-title="미국 예탁 증권" data-language-autonym="한국어" data-language-local-name="корејски" class="interlanguage-link-target"><span>한국어</span></a></li><li class="interlanguage-link interwiki-it mw-list-item"><a href="https://it.wikipedia.org/wiki/American_depositary_receipt" title="American depositary receipt — италијански" lang="it" hreflang="it" data-title="American depositary receipt" data-language-autonym="Italiano" data-language-local-name="италијански" class="interlanguage-link-target"><span>Italiano</span></a></li><li class="interlanguage-link interwiki-ja mw-list-item"><a href="https://ja.wikipedia.org/wiki/%E7%B1%B3%E5%9B%BD%E9%A0%90%E8%A8%97%E8%A8%BC%E5%88%B8" title="米国預託証券 — јапонски" lang="ja" hreflang="ja" data-title="米国預託証券" data-language-autonym="日本語" data-language-local-name="јапонски" class="interlanguage-link-target"><span>日本語</span></a></li><li class="interlanguage-link interwiki-no mw-list-item"><a href="https://no.wikipedia.org/wiki/American_Depositary_Receipt" title="American Depositary Receipt — норвешки букмол" lang="nb" hreflang="nb" data-title="American Depositary Receipt" data-language-autonym="Norsk bokmål" data-language-local-name="норвешки букмол" class="interlanguage-link-target"><span>Norsk bokmål</span></a></li><li class="interlanguage-link interwiki-pl mw-list-item"><a href="https://pl.wikipedia.org/wiki/American_depositary_receipt" title="American depositary receipt — полски" lang="pl" hreflang="pl" data-title="American depositary receipt" data-language-autonym="Polski" data-language-local-name="полски" class="interlanguage-link-target"><span>Polski</span></a></li><li class="interlanguage-link interwiki-pt mw-list-item"><a href="https://pt.wikipedia.org/wiki/American_Depositary_Receipt" title="American Depositary Receipt — португалски" lang="pt" hreflang="pt" data-title="American Depositary Receipt" data-language-autonym="Português" data-language-local-name="португалски" class="interlanguage-link-target"><span>Português</span></a></li><li class="interlanguage-link interwiki-ru mw-list-item"><a href="https://ru.wikipedia.org/wiki/%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0%D1%8F_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0%D1%8F_%D1%80%D0%B0%D1%81%D0%BF%D0%B8%D1%81%D0%BA%D0%B0" title="Американская депозитарная расписка — руски" lang="ru" hreflang="ru" data-title="Американская депозитарная расписка" data-language-autonym="Русский" data-language-local-name="руски" class="interlanguage-link-target"><span>Русский</span></a></li><li class="interlanguage-link interwiki-sr mw-list-item"><a href="https://sr.wikipedia.org/wiki/%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D1%87%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D1%80%D0%B8%D0%B7%D0%BD%D0%B0%D0%BD%D0%B8%D1%86%D0%B0" title="Америчка депозитарна признаница — српски" lang="sr" hreflang="sr" data-title="Америчка депозитарна признаница" data-language-autonym="Српски / srpski" data-language-local-name="српски" class="interlanguage-link-target"><span>Српски / srpski</span></a></li><li class="interlanguage-link interwiki-fi mw-list-item"><a href="https://fi.wikipedia.org/wiki/Talletustodistus" title="Talletustodistus — фински" lang="fi" hreflang="fi" data-title="Talletustodistus" data-language-autonym="Suomi" data-language-local-name="фински" class="interlanguage-link-target"><span>Suomi</span></a></li><li class="interlanguage-link interwiki-ta mw-list-item"><a href="https://ta.wikipedia.org/wiki/%E0%AE%85%E0%AE%AE%E0%AF%86%E0%AE%B0%E0%AE%BF%E0%AE%95%E0%AF%8D%E0%AE%95%E0%AE%A9%E0%AF%8D_%E0%AE%9F%E0%AE%BF%E0%AE%AA%E0%AF%8B%E0%AE%9A%E0%AE%BF%E0%AE%9F%E0%AE%B0%E0%AE%BF_%E0%AE%B0%E0%AE%BF%E0%AE%9A%E0%AE%BF%E0%AE%AA%E0%AF%8D%E0%AE%9F%E0%AF%8D" title="அமெரிக்கன் டிபோசிடரி ரிசிப்ட் — тамилски" lang="ta" hreflang="ta" data-title="அமெரிக்கன் டிபோசிடரி ரிசிப்ட்" data-language-autonym="தமிழ்" data-language-local-name="тамилски" class="interlanguage-link-target"><span>தமிழ்</span></a></li><li class="interlanguage-link interwiki-uk mw-list-item"><a href="https://uk.wikipedia.org/wiki/%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D1%8C%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D1%80%D0%BE%D0%B7%D0%BF%D0%B8%D1%81%D0%BA%D0%B0" title="Американська депозитарна розписка — украински" lang="uk" hreflang="uk" data-title="Американська депозитарна розписка" data-language-autonym="Українська" data-language-local-name="украински" class="interlanguage-link-target"><span>Українська</span></a></li><li class="interlanguage-link interwiki-zh-yue mw-list-item"><a href="https://zh-yue.wikipedia.org/wiki/%E7%BE%8E%E5%9C%8B%E5%AD%98%E8%A8%97%E6%86%91%E8%AD%89" title="美國存託憑證 — кантонски" lang="yue" hreflang="yue" data-title="美國存託憑證" data-language-autonym="粵語" data-language-local-name="кантонски" class="interlanguage-link-target"><span>粵語</span></a></li><li class="interlanguage-link interwiki-zh mw-list-item"><a href="https://zh.wikipedia.org/wiki/%E7%BE%8E%E5%9C%8B%E5%AD%98%E8%A8%97%E6%86%91%E8%AD%89" title="美國存託憑證 — кинески" lang="zh" hreflang="zh" data-title="美國存託憑證" data-language-autonym="中文" data-language-local-name="кинески" class="interlanguage-link-target"><span>中文</span></a></li> </ul> <div class="after-portlet after-portlet-lang"><span class="wb-langlinks-edit wb-langlinks-link"><a href="https://www.wikidata.org/wiki/Special:EntityPage/Q463881#sitelinks-wikipedia" title="Уредување на меѓујазични врски" class="wbc-editpage">Уреди врски</a></span></div> </div> </div> </div> </header> <div class="vector-page-toolbar"> <div class="vector-page-toolbar-container"> <div id="left-navigation"> <nav aria-label="Именски простори"> <div id="p-associated-pages" class="vector-menu vector-menu-tabs mw-portlet mw-portlet-associated-pages" > <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="ca-nstab-main" class="selected vector-tab-noicon mw-list-item"><a href="/wiki/%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0" title="Преглед на содржинската страница [c]" accesskey="c"><span>Страница</span></a></li><li id="ca-talk" class="vector-tab-noicon mw-list-item"><a href="/wiki/%D0%A0%D0%B0%D0%B7%D0%B3%D0%BE%D0%B2%D0%BE%D1%80:%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0" rel="discussion" title="Разговор за содржинската страница [t]" accesskey="t"><span>Разговор</span></a></li> </ul> </div> </div> <div id="vector-variants-dropdown" class="vector-dropdown emptyPortlet" > <input type="checkbox" id="vector-variants-dropdown-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-variants-dropdown" class="vector-dropdown-checkbox " aria-label="Менување на јазичната варијанта" > <label id="vector-variants-dropdown-label" for="vector-variants-dropdown-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet" aria-hidden="true" ><span class="vector-dropdown-label-text">македонски</span> </label> <div class="vector-dropdown-content"> <div id="p-variants" class="vector-menu mw-portlet mw-portlet-variants emptyPortlet" > <div class="vector-menu-content"> <ul class="vector-menu-content-list"> </ul> </div> </div> </div> </div> </nav> </div> <div id="right-navigation" class="vector-collapsible"> <nav aria-label="Посети"> <div id="p-views" class="vector-menu vector-menu-tabs mw-portlet mw-portlet-views" > <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="ca-view" class="selected vector-tab-noicon mw-list-item"><a href="/wiki/%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0"><span>Читај</span></a></li><li id="ca-ve-edit" class="vector-tab-noicon mw-list-item"><a href="/w/index.php?title=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&veaction=edit" title="Уредете ја страницава [v]" accesskey="v"><span>Уреди</span></a></li><li id="ca-edit" class="collapsible vector-tab-noicon mw-list-item"><a href="/w/index.php?title=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&action=edit" title="Уредување на изворниот код на страницава [e]" accesskey="e"><span>Уреди извор</span></a></li><li id="ca-history" class="vector-tab-noicon mw-list-item"><a href="/w/index.php?title=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&action=history" title="Претходни верзии на оваа страница. [h]" accesskey="h"><span>Историја</span></a></li> </ul> </div> </div> </nav> <nav class="vector-page-tools-landmark" aria-label="Алатки за страници"> <div id="vector-page-tools-dropdown" class="vector-dropdown vector-page-tools-dropdown" > <input type="checkbox" id="vector-page-tools-dropdown-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-page-tools-dropdown" class="vector-dropdown-checkbox " aria-label="алатник" > <label id="vector-page-tools-dropdown-label" for="vector-page-tools-dropdown-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet" aria-hidden="true" ><span class="vector-dropdown-label-text">алатник</span> </label> <div class="vector-dropdown-content"> <div id="vector-page-tools-unpinned-container" class="vector-unpinned-container"> <div id="vector-page-tools" class="vector-page-tools vector-pinnable-element"> <div class="vector-pinnable-header vector-page-tools-pinnable-header vector-pinnable-header-unpinned" data-feature-name="page-tools-pinned" data-pinnable-element-id="vector-page-tools" data-pinned-container-id="vector-page-tools-pinned-container" data-unpinned-container-id="vector-page-tools-unpinned-container" > <div class="vector-pinnable-header-label">Алатки</div> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-pin-button" data-event-name="pinnable-header.vector-page-tools.pin">премести во страничникот</button> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-unpin-button" data-event-name="pinnable-header.vector-page-tools.unpin">скриј</button> </div> <div id="p-cactions" class="vector-menu mw-portlet mw-portlet-cactions emptyPortlet vector-has-collapsible-items" title="Повеќе можности" > <div class="vector-menu-heading"> Дејства </div> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="ca-more-view" class="selected vector-more-collapsible-item mw-list-item"><a href="/wiki/%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0"><span>Читај</span></a></li><li id="ca-more-ve-edit" class="vector-more-collapsible-item mw-list-item"><a href="/w/index.php?title=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&veaction=edit" title="Уредете ја страницава [v]" accesskey="v"><span>Уреди</span></a></li><li id="ca-more-edit" class="collapsible vector-more-collapsible-item mw-list-item"><a href="/w/index.php?title=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&action=edit" title="Уредување на изворниот код на страницава [e]" accesskey="e"><span>Уреди извор</span></a></li><li id="ca-more-history" class="vector-more-collapsible-item mw-list-item"><a href="/w/index.php?title=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&action=history"><span>Историја</span></a></li> </ul> </div> </div> <div id="p-tb" class="vector-menu mw-portlet mw-portlet-tb" > <div class="vector-menu-heading"> Општо </div> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="t-whatlinkshere" class="mw-list-item"><a href="/wiki/%D0%A1%D0%BF%D0%B5%D1%86%D0%B8%D1%98%D0%B0%D0%BB%D0%BD%D0%B0:%D0%A8%D1%82%D0%BE%D0%92%D0%BE%D0%B4%D0%B8%D0%9E%D0%B2%D0%B4%D0%B5/%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0" title="Список на сите викистраници што водат овде [j]" accesskey="j"><span>Што води овде</span></a></li><li id="t-recentchangeslinked" class="mw-list-item"><a href="/wiki/%D0%A1%D0%BF%D0%B5%D1%86%D0%B8%D1%98%D0%B0%D0%BB%D0%BD%D0%B0:%D0%9F%D0%BE%D0%B2%D1%80%D0%B7%D0%B0%D0%BD%D0%B8%D0%9F%D1%80%D0%BE%D0%BC%D0%B5%D0%BD%D0%B8/%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0" rel="nofollow" title="Скорешни промени на страници со врски на оваа страница [k]" accesskey="k"><span>Поврзани промени</span></a></li><li id="t-specialpages" class="mw-list-item"><a href="/wiki/%D0%A1%D0%BF%D0%B5%D1%86%D0%B8%D1%98%D0%B0%D0%BB%D0%BD%D0%B0:%D0%A1%D0%BB%D1%83%D0%B6%D0%B1%D0%B5%D0%BD%D0%B8%D0%A1%D1%82%D1%80%D0%B0%D0%BD%D0%B8%D1%86%D0%B8" title="Список на сите службени страници [q]" accesskey="q"><span>Службени страници</span></a></li><li id="t-permalink" class="mw-list-item"><a href="/w/index.php?title=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&oldid=5257172" title="Постојана врска до оваа преработка на страницата"><span>Постојана врска</span></a></li><li id="t-info" class="mw-list-item"><a href="/w/index.php?title=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&action=info" title="Повеќе информации за страницата"><span>Информации за страницата</span></a></li><li id="t-cite" class="mw-list-item"><a href="/w/index.php?title=%D0%A1%D0%BF%D0%B5%D1%86%D0%B8%D1%98%D0%B0%D0%BB%D0%BD%D0%B0:%D0%9D%D0%B0%D0%B2%D0%BE%D0%B4&page=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&id=5257172&wpFormIdentifier=titleform" title="Информации како да ја наведете оваа страница"><span>Наведи ја страницава</span></a></li><li id="t-urlshortener" class="mw-list-item"><a href="/w/index.php?title=%D0%A1%D0%BF%D0%B5%D1%86%D0%B8%D1%98%D0%B0%D0%BB%D0%BD%D0%B0:%D0%A1%D0%BA%D1%80%D0%B0%D1%82%D1%83%D0%B2%D0%B0%D1%87%D0%9D%D0%B0URL&url=https%3A%2F%2Fmk.wikipedia.org%2Fwiki%2F%25D0%2590%25D0%25BC%25D0%25B5%25D1%2580%25D0%25B8%25D0%25BA%25D0%25B0%25D0%25BD%25D1%2581%25D0%25BA%25D0%25B0_%25D0%25B4%25D0%25B5%25D0%25BF%25D0%25BE%25D0%25B7%25D0%25B8%25D1%2582%25D0%25B0%25D1%2580%25D0%25BD%25D0%25B0_%25D0%25BF%25D0%25BE%25D1%2582%25D0%25B2%25D1%2580%25D0%25B4%25D0%25B0"><span>Дај скратена URL</span></a></li><li id="t-urlshortener-qrcode" class="mw-list-item"><a href="/w/index.php?title=%D0%A1%D0%BF%D0%B5%D1%86%D0%B8%D1%98%D0%B0%D0%BB%D0%BD%D0%B0:QrCode&url=https%3A%2F%2Fmk.wikipedia.org%2Fwiki%2F%25D0%2590%25D0%25BC%25D0%25B5%25D1%2580%25D0%25B8%25D0%25BA%25D0%25B0%25D0%25BD%25D1%2581%25D0%25BA%25D0%25B0_%25D0%25B4%25D0%25B5%25D0%25BF%25D0%25BE%25D0%25B7%25D0%25B8%25D1%2582%25D0%25B0%25D1%2580%25D0%25BD%25D0%25B0_%25D0%25BF%25D0%25BE%25D1%2582%25D0%25B2%25D1%2580%25D0%25B4%25D0%25B0"><span>Преземи QR-код</span></a></li> </ul> </div> </div> <div id="p-coll-print_export" class="vector-menu mw-portlet mw-portlet-coll-print_export" > <div class="vector-menu-heading"> Печати/извези </div> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="coll-create_a_book" class="mw-list-item"><a href="/w/index.php?title=%D0%A1%D0%BF%D0%B5%D1%86%D0%B8%D1%98%D0%B0%D0%BB%D0%BD%D0%B0:%D0%9A%D0%BD%D0%B8%D0%B3%D0%B0&bookcmd=book_creator&referer=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0+%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0+%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0"><span>Создај книга</span></a></li><li id="coll-download-as-rl" class="mw-list-item"><a href="/w/index.php?title=%D0%A1%D0%BF%D0%B5%D1%86%D0%B8%D1%98%D0%B0%D0%BB%D0%BD%D0%B0:DownloadAsPdf&page=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&action=show-download-screen"><span>Преземи како PDF</span></a></li><li id="t-print" class="mw-list-item"><a href="/w/index.php?title=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&printable=yes" title="Верзија за печатење на оваа страница [p]" accesskey="p"><span>Верзија за печатење</span></a></li> </ul> </div> </div> <div id="p-wikibase-otherprojects" class="vector-menu mw-portlet mw-portlet-wikibase-otherprojects" > <div class="vector-menu-heading"> На други проекти </div> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li id="t-wikibase" class="wb-otherproject-link wb-otherproject-wikibase-dataitem mw-list-item"><a href="https://www.wikidata.org/wiki/Special:EntityPage/Q463881" title="Врска до поврзаниот предмет во складиштето за податоци [g]" accesskey="g"><span>Предмет на Википодатоци</span></a></li> </ul> </div> </div> </div> </div> </div> </div> </nav> </div> </div> </div> <div class="vector-column-end"> <div class="vector-sticky-pinned-container"> <nav class="vector-page-tools-landmark" aria-label="Алатки за страници"> <div id="vector-page-tools-pinned-container" class="vector-pinned-container"> </div> </nav> <nav class="vector-appearance-landmark" aria-label="Изглед"> <div id="vector-appearance-pinned-container" class="vector-pinned-container"> <div id="vector-appearance" class="vector-appearance vector-pinnable-element"> <div class="vector-pinnable-header vector-appearance-pinnable-header vector-pinnable-header-pinned" data-feature-name="appearance-pinned" data-pinnable-element-id="vector-appearance" data-pinned-container-id="vector-appearance-pinned-container" data-unpinned-container-id="vector-appearance-unpinned-container" > <div class="vector-pinnable-header-label">Изглед</div> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-pin-button" data-event-name="pinnable-header.vector-appearance.pin">премести во страничникот</button> <button class="vector-pinnable-header-toggle-button vector-pinnable-header-unpin-button" data-event-name="pinnable-header.vector-appearance.unpin">скриј</button> </div> </div> </div> </nav> </div> </div> <div id="bodyContent" class="vector-body" aria-labelledby="firstHeading" data-mw-ve-target-container> <div class="vector-body-before-content"> <div class="mw-indicators"> </div> <div id="siteSub" class="noprint">Од Википедија — слободната енциклопедија</div> </div> <div id="contentSub"><div id="mw-content-subtitle"></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="mk" dir="ltr"><p><b>Американска депозитарна потврда</b> или <b>АДР</b> (<a href="/wiki/%D0%90%D0%BD%D0%B3%D0%BB%D0%B8%D1%81%D0%BA%D0%B8" class="mw-redirect" title="Англиски">англиски</a>: <i>American Depositary Receipt</i>, <i>ADR</i>) — финансиски инструмент кој им овозможува на странските <a href="/wiki/%D0%9F%D1%80%D0%B5%D1%82%D0%BF%D1%80%D0%B8%D1%98%D0%B0%D1%82%D0%B8%D0%B5" title="Претпријатие">претпријатија</a> посредно да издадат <a href="/wiki/%D0%90%D0%BA%D1%86%D0%B8%D1%98%D0%B0_(%D1%84%D0%B8%D0%BD%D0%B0%D0%BD%D1%81%D0%B8%D0%B8)" title="Акција (финансии)">акции</a> на американскиот <a href="/wiki/%D0%9F%D0%B0%D0%B7%D0%B0%D1%80_%D0%BD%D0%B0_%D0%BA%D0%B0%D0%BF%D0%B8%D1%82%D0%B0%D0%BB" title="Пазар на капитал">пазар на капитал</a>. Всушност, со оваа потврда се создаваат „привидни“ акции кои имаат покритие во акциите на претпријатието кое ја издава <a href="/wiki/%D0%94%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0" title="Депозитарна потврда">депозитарната потврда</a>. Притоа, претпријатието ги остава своите акции на чување во некоја банка (депозитарна банка), која ја издава депозитарната потврда, а потоа со неа се тргува на <a href="/wiki/%D0%91%D0%B5%D1%80%D0%B7%D0%B0" title="Берза">берзите</a> или на шалтерските пазари. На тој начин, посредно, всушност се тргува со оригиналните акции на претпријатието. </p> <div class="mw-heading mw-heading2"><h2 id="Одлики_на_АДР"><span id=".D0.9E.D0.B4.D0.BB.D0.B8.D0.BA.D0.B8_.D0.BD.D0.B0_.D0.90.D0.94.D0.A0"></span>Одлики на АДР</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&veaction=edit&section=1" title="Уреди го одделот „Одлики на АДР“" class="mw-editsection-visualeditor"><span>уреди</span></a><span class="mw-editsection-divider"> | </span><a href="/w/index.php?title=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&action=edit&section=1" title="Уреди изворен код на одделот: Одлики на АДР"><span>уреди извор</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Американските депозитарни потврди претствауваат механизам кој им овозможува на странските фирми да приберат <a href="/wiki/%D0%9A%D0%B0%D0%BF%D0%B8%D1%82%D0%B0%D0%BB" title="Капитал">капитал</a> преку издавање акции во <a href="/wiki/%D0%A1%D0%90%D0%94" class="mw-redirect" title="САД">САД</a> или нивните акции да котираат на американските берзи или на шалтерските пазари. Оттука, за американските инвеститори, тргувањето со американските потврди е сосема исто како да тргуваат со акциите на претпријатијата кои ги издаваат. <a href="/wiki/%D0%A6%D0%B5%D0%BD%D0%B0_(%D0%B5%D0%BA%D0%BE%D0%BD%D0%BE%D0%BC%D0%B8%D1%98%D0%B0)" title="Цена (економија)">Цената</a> на американската депозитарна потврда се изразува во долари и таа постојано се приспособува во однос на промените на <a href="/wiki/%D0%94%D0%B5%D0%B2%D0%B8%D0%B7%D0%B5%D0%BD_%D0%BA%D1%83%D1%80%D1%81" title="Девизен курс">девизниот курс</a>. Исто така, цената на американската депозитарна потврда се движи многу блиску до цената на оригиналните акции на кои гласи таа, т.е. разликата меѓу цената на поттврдата и цената на акциите ретко надминува 1 %. Купувачите на депозитарната потврда го задржуваат правото на глас кое го носат акциите што служат како поткрепа на потврдата. Со други зборови, ако инвеститорот поседува потврда која гласи на 100 акции од некое претпријатие, тогаш тој има право на глас на акционерското собрание. Трговијата со АДР започнала во 1927 година, а потоа овој пазар доживеал голем пораст. На пример, во 1995 година, на американските берзи се тргувало со 1 800 АДР од 58 земји, додека во јуни 2008 година, на <a href="/w/index.php?title=%D0%8A%D1%83%D1%98%D0%BE%D1%80%D1%88%D0%BA%D0%B0_%D0%B1%D0%B5%D1%80%D0%B7%D0%B0&action=edit&redlink=1" class="new" title="Њујоршка берза (страницата не постои)">Њујоршката берза</a> котирале 418 американски депозитарни потврди од 45 земји.<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> </p><p>АДР им овозможуваат бројни предности на инвеститорите, како:<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> </p> <ul><li>тие се деноминирани во долари, со нив се тргува на американските берзи и се купуваат преку редовните <a href="/wiki/%D0%91%D1%80%D0%BE%D0%BA%D0%B5%D1%80" title="Брокер">брокери</a>; на тој начин, значително се намалуваат трансакциските трошоци и ризикот на американските инвеститори,</li> <li><a href="/wiki/%D0%94%D0%B8%D0%B2%D0%B8%D0%B4%D0%B5%D0%BD%D0%B4%D0%B0" title="Дивиденда">дивидендите</a> на акциите на кои гласат АДР ги собира и ги претвора во долари банкат која ја игра улогата на чувар на имотот, што исто така ги намалува трансакциските трошоци,</li> <li>трансакциите со АДР се извршуваат во рок од три работни дена, исто како и кај американските хартии од вредност,</li> <li>цените на АДР котираат во долари,</li> <li>АДР се регистрирани хартии од вредност, а со тоа се обезбедени правата на сопствениците,</li> <li>АДР можат да се наплатат или со продажба на берзата или со нивна продажба на депозитарната банка,</li> <li>АДР најчесто претставуваат повеќе акции со цел нивниет цени да се движат во распонот што е соодветен за американските инвеститори.</li></ul> <p>Депозитарните потврди ги издаваат познатите странски <a href="/wiki/%D0%9C%D1%83%D0%BB%D1%82%D0%B8%D0%BD%D0%B0%D1%86%D0%B8%D0%BE%D0%BD%D0%B0%D0%BB%D0%BD%D0%BE_%D0%BF%D1%80%D0%B5%D1%82%D0%BF%D1%80%D0%B8%D1%98%D0%B0%D1%82%D0%B8%D0%B5" title="Мултинационално претпријатие">мултинационални претпријатија</a>, како: <a href="/w/index.php?title=%D0%A1%D0%BE%D0%BD%D0%B8&action=edit&redlink=1" class="new" title="Сони (страницата не постои)">Сони</a>, <a href="/wiki/%D0%A5%D0%BE%D0%BD%D0%B4%D0%B0" title="Хонда">Хонда</a>, <a href="/wiki/%D0%A2%D0%BE%D1%98%D0%BE%D1%82%D0%B0" title="Тојота">Тојота</a>, <a href="/w/index.php?title=%D0%94%D0%BE%D1%98%D1%87%D0%B5_%D1%82%D0%B5%D0%BB%D0%B5%D0%BA%D0%BE%D0%BC&action=edit&redlink=1" class="new" title="Дојче телеком (страницата не постои)">Дојче телеком</a>, <a href="/w/index.php?title=%D0%90%D0%91%D0%9D_%D0%90%D0%BC%D1%80%D0%BE&action=edit&redlink=1" class="new" title="АБН Амро (страницата не постои)">АБН Амро</a> итн., а нив ги создаваат големите <a href="/wiki/%D0%91%D0%B0%D0%BD%D0%BA%D0%B0" title="Банка">банки</a>, како <i><a href="/w/index.php?title=%D0%A1%D0%B8%D1%82%D0%B8%D0%BA%D0%BE%D1%80%D0%BF&action=edit&redlink=1" class="new" title="Ситикорп (страницата не постои)">Ситикорп</a></i> или <i><a href="/wiki/%D0%91%D0%B0%D0%BD%D0%BA%D0%B0_%D0%BD%D0%B0_%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0" title="Банка на Америка">Банка на Америка</a></i>. Постојат три нивоа на американски депозитарни потврди:<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> </p> <ul><li>АДР од ниво 1: со овие потврди се тргува само на шалтерските пазари, а нивните цени се објавуваат на електронските платформи од типот на <i>OTC Buletin Board</i> со кој раководи <a href="/w/index.php?title=%D0%9D%D0%90%D0%A1%D0%94%D0%90%D0%9A&action=edit&redlink=1" class="new" title="НАСДАК (страницата не постои)">НАСДАК</a>; за издавање на овие потврди претпријатијата треба да исполнат само минимални критериуми - да се регистрираат кај <a href="/w/index.php?title=%D0%9A%D0%BE%D0%BC%D0%B8%D1%81%D0%B8%D1%98%D0%B0_%D0%B7%D0%B0_%D1%85%D0%B0%D1%80%D1%82%D0%B8%D0%B8_%D0%BE%D0%B4_%D0%B2%D1%80%D0%B5%D0%B4%D0%BD%D0%BE%D1%81%D1%82_(%D0%A1%D0%90%D0%94)&action=edit&redlink=1" class="new" title="Комисија за хартии од вредност (САД) (страницата не постои)">Комисијата за хартии од вредност</a> и да поднесат соодветни документи.</li> <li>АДР од ниво 2: со овие потврди се тргува на берзите, но со нив не се обезбедува нов капитал; за нивното издавање, покрај условите од нивото 1, претпријатието има обврска да ги достасува годишните <a href="/w/index.php?title=%D0%A4%D0%B8%D0%BD%D0%B0%D0%BD%D1%81%D0%B8%D1%81%D0%BA%D0%B8_%D0%B8%D0%B7%D0%B2%D0%B5%D1%88%D1%82%D0%B0%D0%B8&action=edit&redlink=1" class="new" title="Финансиски извештаи (страницата не постои)">финансиски извештаи</a>.</li> <li>АДР од ниво 3: за издавање на овие потврди треба да се исполнат најстроги критериуми, зашто тие котираат на берзите и со нив може да се обезбеди свеж капитал.</li></ul> <p>Меѓутоа, во 2002 година со т. н. Сарбејнс-Окслиев закон (<i>Sarbanes-Oxley Act</i>) биле поставени дополнителни, поостри критериуми за АДР од првото и второто ниво, со што значително се намалила нивната привлечност. </p> <div class="mw-heading mw-heading2"><h2 id="Наводи"><span id=".D0.9D.D0.B0.D0.B2.D0.BE.D0.B4.D0.B8"></span>Наводи</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&veaction=edit&section=2" title="Уреди го одделот „Наводи“" class="mw-editsection-visualeditor"><span>уреди</span></a><span class="mw-editsection-divider"> | </span><a href="/w/index.php?title=%D0%90%D0%BC%D0%B5%D1%80%D0%B8%D0%BA%D0%B0%D0%BD%D1%81%D0%BA%D0%B0_%D0%B4%D0%B5%D0%BF%D0%BE%D0%B7%D0%B8%D1%82%D0%B0%D1%80%D0%BD%D0%B0_%D0%BF%D0%BE%D1%82%D0%B2%D1%80%D0%B4%D0%B0&action=edit&section=2" title="Уреди изворен код на одделот: Наводи"><span>уреди извор</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="reflist" style="list-style-type: decimal;"> <div class="mw-references-wrap"><ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><a href="#cite_ref-1">↑</a></span> <span class="reference-text">Jeff Madura, <i>International Financial Management</i> (ninth edition). Thomson South-Western, 2008, стр. 67, 83.</span> </li> <li id="cite_note-2"><span class="mw-cite-backlink"><a href="#cite_ref-2">↑</a></span> <span class="reference-text">Cheol S. Eun and Bruce G. Resnick, <i>International Financial Management</i>. Boston etc.: Irwin/McGraw-Hill, 1998, стр. 215.</span> </li> <li id="cite_note-3"><span class="mw-cite-backlink"><a href="#cite_ref-3">↑</a></span> <span class="reference-text">J. Ashok Robin, <i>International Corporate Finance</i>. New York: McGraw-Hill/Irwin, 2011, стр. 402.</span> </li> <li id="cite_note-4"><span class="mw-cite-backlink"><a href="#cite_ref-4">↑</a></span> <span class="reference-text">Cheol S. Eun and Bruce G. Resnick, <i>International Financial Management</i>. Boston etc.: Irwin/McGraw-Hill, 1998, стр. 215-216.</span> </li> <li id="cite_note-5"><span class="mw-cite-backlink"><a href="#cite_ref-5">↑</a></span> <span class="reference-text">J. Ashok Robin, <i>International Corporate Finance</i>. New York: McGraw-Hill/Irwin, 2011, стр. 271.</span> </li> <li id="cite_note-6"><span class="mw-cite-backlink"><a href="#cite_ref-6">↑</a></span> <span class="reference-text">Cheol S. Eun and Bruce G. Resnick, <i>International Financial Management</i>. Boston etc.: Irwin/McGraw-Hill, 1998, стр. 422-423.</span> </li> </ol></div></div></div><noscript><img src="https://login.wikimedia.org/wiki/Special:CentralAutoLogin/start?type=1x1&useformat=desktop" alt="" width="1" height="1" style="border: none; position: absolute;"></noscript> <div class="printfooter" data-nosnippet="">Преземено од „<a dir="ltr" href="https://mk.wikipedia.org/w/index.php?title=Американска_депозитарна_потврда&oldid=5257172">https://mk.wikipedia.org/w/index.php?title=Американска_депозитарна_потврда&oldid=5257172</a>“</div></div> <div id="catlinks" class="catlinks" data-mw="interface"><div id="mw-normal-catlinks" class="mw-normal-catlinks"><a href="/wiki/%D0%A1%D0%BF%D0%B5%D1%86%D0%B8%D1%98%D0%B0%D0%BB%D0%BD%D0%B0:%D0%9A%D0%B0%D1%82%D0%B5%D0%B3%D0%BE%D1%80%D0%B8%D0%B8" title="Специјална:Категории">Категории</a>: <ul><li><a href="/wiki/%D0%9A%D0%B0%D1%82%D0%B5%D0%B3%D0%BE%D1%80%D0%B8%D1%98%D0%B0:%D0%9F%D0%B0%D0%B7%D0%B0%D1%80_%D0%BD%D0%B0_%D0%BA%D0%B0%D0%BF%D0%B8%D1%82%D0%B0%D0%BB" title="Категорија:Пазар на капитал">Пазар на капитал</a></li><li><a href="/wiki/%D0%9A%D0%B0%D1%82%D0%B5%D0%B3%D0%BE%D1%80%D0%B8%D1%98%D0%B0:%D0%A4%D0%B8%D0%BD%D0%B0%D0%BD%D1%81%D0%B8%D0%B8" title="Категорија:Финансии">Финансии</a></li><li><a href="/wiki/%D0%9A%D0%B0%D1%82%D0%B5%D0%B3%D0%BE%D1%80%D0%B8%D1%98%D0%B0:%D0%9C%D0%B5%D1%93%D1%83%D0%BD%D0%B0%D1%80%D0%BE%D0%B4%D0%BD%D0%B8_%D1%84%D0%B8%D0%BD%D0%B0%D0%BD%D1%81%D0%B8%D0%B8" title="Категорија:Меѓународни финансии">Меѓународни финансии</a></li></ul></div></div> </div> </main> </div> <div class="mw-footer-container"> <footer id="footer" class="mw-footer" > <ul id="footer-info"> <li id="footer-info-lastmod"> Последната промена на страницава е извршена на 1 септември 2024 г. во 10:33 ч.</li> <li id="footer-info-copyright">Текстот е достапен под условите на лиценцата <a rel="nofollow" class="external text" href="https://creativecommons.org/licenses/by-sa/4.0/">Криејтив комонс Наведи извор-Сподели под исти услови</a>. 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