Business, Legal & Accounting Glossary
A 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.
Global Depositary Receipts are negotiable certificates which prove ownership of a company’s shares.
They are marketed internationally, mainly to financial institutions.
GDRs allow purchasers to gain exposure to companies which are listed on foreign markets without having to purchase the shares directly in the market in which they are listed.
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This glossary post was last updated: 26th April, 2020 | 1 Views.