Global Depositary Receipt (GDR)
1. A bank certificate issued in more than one country for shares in a foreign company. The shares are held by a foreign branch of an international bank. The shares trade as domestic shares, but are offered for sale globally through the various bank branches.
2. A financial instrument used by private markets to raise capital denominated in either U.S. dollars or euros. Investopedia Says:
1. A GDR is very similar to an American Depositary Receipt.
2. These instruments are called EDRs when private markets are attempting to obtain euros. Related Terms:
American Depositary Receipt - ADR
American Depositary Share - ADS
Chinese Depositary Receipt - CDR
Depositary Receipt
Foreign Exchange
International Depository Receipt - IDR |