Answer Posted / praveen
Global Depository Receipt (GDR) - certificate issued by
international bank, which can be subject of worldwide
circulation on capital markets. GDR's are emitted by banks,
which purchase shares of foreign companies and deposit it
on the accounts. Global Depository Receipt facilitates
trade of shares, especially those from emerging markets.
Prices of GDR's are often close to values of realted
shares. Very similar to GDR's are ADR's. GDR's are also
spelled as Global Depositary Receipt.
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