Akademik

Global Depositary Receipt.

See American Depositary Receipts. Dresdner Kleinwort Wasserstein financial glossary

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( Global Depositary Receipt) Euroclear Clearing and Settlement glossary

Also called European Depository Receipt ( EDR). A negotiable certificate issued by a trust company or security depository evidencing the deposit of publicly traded securities and facilitating the trading of such securities on exchanges. Euroclear Clearing and Settlement glossary

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Global Depositary Receipt (GDR)

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. Exchange Handbook Glossary

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Global Depositary Receipt (GDR)

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. London Stock Exchange Glossary

   Global Depositary Receipts. Certificates issued by a bank in more than one country. They confer ownership of shares in a foreign company held in safekeeping by the bank. The certificates allow the underlying shares, which are traded in only one country, to be offered globally without the need to be registered on foreign equity markets.

   ► See also ADR.

GDR UK US noun [C] FINANCE, STOCK MARKET

► ABBREVIATION for Global Depositary Receipt: an official document that makes it possible for investors to buy shares of foreign companies

→ See also EDR(Cf. ↑EDR)