Global Depositary Receipt. A negotiable certificate held in the bank of one...
A security issued in one country which bundles together a number of shares in a company in another country.... more on: GDR
It is an instrument issued abroad, listed and traded on foreign stock markets. A GDR is convertible into shares, which are listed and traded on the domestic exchange, the dividend being paid in the domestic currency.
Global Depositary Receipt. Similar to an ADR but used for international stocks traded in London as well.
Global depository receipt. See American Depository Receipts.
Global depositary receipt. In order to raise money in more than one market, some companies sell their share on markets in countries other than the one where they have their headquarters. To do it, they issue global depositary receipts (GDRs) in the currency of the country where the share is trading. For example, a Mexican company might offer GDRs priced in pounds in London and in yen in Tokyo. Individual investors in the countries where the GDRs are issued buy them to diversify into international markets without having to deal with currency conversion and other complications of overseas investing. However, since GDRs are frequently offered by newer or less-known companies, the prices are often volatile and the shares may be thinly traded. That makes buying GDRs riskier than buying domestic shares.
A Global Depositary Receipt or GDR is a security issued by a Depository Bank, such as Bank of New York or Deutsche Bank, in place of the foreign shares (issued by an Egyptian issuer such as Suez Cement) held in trust by that bank, thereby facilitating the trading of those Egyptian shares in the form of GDRs by international investors, on global markets, such as London.
Global Depositary Receipts. Similar to ADRs, GDRs are issued predominantly by companies in emerging markets in order to provide investors with a means to acquire shares without having to be exposed to domestic settlement systems and foreign ownership restrictions. Whereas ADRs are registered in the US, GDRs are typically listed in either London or Luxembourg.
Global Depositary Receipt. Certificate which represents ownership of a given number of a company's shares and which can be listed and traded independently from the underlying shares. Denominated in US dollars, GDRs are traded in London.
Global Depositary Receipts. Depositary receipts that are eligible for settlement outside the U.S. GDRs may be issued in New York, London, or Brussels and made eligible for use in the U.S. markets.
Global Depository Receipt. Negotiable OTC securities, usually priced in US dollars, issued by foreign companies. Listed on London and Luxembourg stock exchanges. Settled on Clearnet or Clearstream.
Global Depositary Receipt. Certificate, denominated in US dollars, which represents ownership of a given number of a company's shares and which can be listed and traded independently from the underlying shares.