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Banking Term: Global Depository Receipt (GDR)

Feb 9, 2015 12:47 IST

    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.

    Question

    GDR stands for

    1. Global Demand Receipt
    2. Global Depository Receipt
    3. Global Direct Revenue
    4. Gross Demand Revenue
    5. None

    Ans. 2

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