- 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.
Banking Term: Global Depository Reciepts (GDR)
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