Global Depositary Receipts

Global Depositary Receipts (GDRs) give issuers exposure to the global markets outside their home market.

Depositary receipts are negotiable certificates issued by a bank to represent the underlying shares of stock. The underlying shares are held in trust at a foreign custodian bank. GDRs refer to certificates traded outside the US.

Even though they may not be listed in US exchanges, GDRs are generally denominated in US dollars.

Data Science for Finance Bundle

Data Science for Finance eBooks Bundle
$56.99$39

Learn the fundamentals of R and Python and their application in finance with this bundle of 9 books.

Get the Bundle