Certificates representing ownership in stocks of foreign companies, which are held in a trust bank located in the country the stock is traded are called .

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These certificates are called American Depository Receipts (ADRs) and are a way for U.S. investors to invest in foreign companies without having to directly trade on a foreign exchange. The ADRs represent ownership in the foreign company and are held by a trust bank in the foreign country, allowing for ease of trading in U.S. markets.

Certificates Representing Ownership in Stocks of Foreign Companies, Which Are