Global Depository 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 Commentary
1. A GDR is very similar to an American Depository Receipt.
2. These instruments are called EDRs when private markets are attempting to obtain euros.
Related Links
What Are Depository Receipts?
See also: American Depository Receipt-ADR, American Depository Share-ADS, Depository Receipt, Foreign Exchange, International Depository Receipt-IDR
Also spelled: GDR