Banking Term: Global Depository Reciepts (GDR)

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

Mar 24, 2015 17:05 IST
  • GDR 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 traded as domestic shares but are offered for sale globally through the various bank branches.
  • GDR is a financial instrument used by private market to raise capital denominated in either US Dollar or euros
  • These instruments are called EDRs, when private markets are attempting to obtain euros.

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