Answer Posted / anil kumar
Global Depositary Receipt - GDR
What Does Global Depositary Receipt - GDR Mean?
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 explains Global Depositary Receipt - GDR in
plain english...
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.
| Is This Answer Correct ? | 32 Yes | 13 No |
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