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Banking Term: Global Depository Receipt (GDR)

Find important banking term that is useful in upcoming banking exam.

Feb 9, 2015 12:47 IST
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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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