Banking Term: Global Depository Receipt (GDR)
Find important banking term that is useful in upcoming banking exam.
Global Depository Receipt is a bank certificate issued in more than one country for shares in a foreign company. These shares are held by a foreign branch of an International bank. These shares are trades as domestic shares but are offered for sale globally through the various bank branches. A GDR is a very similar to an American Depository Receipt.
GDR stands for
- Global Demand Receipt
- Global Depository Receipt
- Global Direct Revenue
- Gross Demand Revenue