Global depository receipt: Difference between revisions
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imported>Doug Williamson (Mend link.) |
imported>Doug Williamson (Add 'depositary'.) |
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GDRs are typically used by companies from emerging markets and marketed to professional investors only. | GDRs are typically used by companies from emerging markets and marketed to professional investors only. | ||
Also spelled Global Depositary Receipt. | |||
Revision as of 16:03, 3 February 2018
(GDR).
Global Depositary Receipts (GDRs) are negotiable certificates issued by depositary banks which represent ownership of a given number of a company’s shares which can be listed and traded independently from the underlying shares.
GDRs are typically used by companies from emerging markets and marketed to professional investors only.
Also spelled Global Depositary Receipt.
