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International Depository Receipt

A certificate issued by a bank representing shares of a stock the bank holds in trust but that are traded on a foreign stock exchange. The IDR is denominated in the local currency, and entitles the bearer to any dividends and other benefits associated with the shares. IDRs can be traded like any other security. Using IDRs shields the investor from foreign exchange risk and any applicable tariffs he/she would have had to pay if he/she had bought the stock outright. It also exempts the investor from any requirements the foreign exchange might have levied. It is also known as a global depository receipt (GDR). See also: American Depository Receipt.


Global depositary receipt (GDR).

To raise money in more than one market, some corporations use global depositary receipts (GDRs) to sell their stock on markets in countries other than the one where they have their headquarters.

The GDRs are issued in the currency of the country where the stock is trading. For example, a Mexican company might offer GDRs priced in pounds in London and in yen in Tokyo.

Individual investors in the countries where the GDRs are issued buy them to diversify into international markets. GDRs let you do this without having to deal with currency conversion and other complications of overseas investing.

However, since GDRs are frequently offered by newer or less-known companies, the prices are often volatile and the stocks may be thinly traded. That makes buying GDRs riskier than buying domestic stocks.

References in periodicals archive ?
The Federal Republic of Germany and the German Democratic Republic will be guided by the aims and principles embodied in the Charter of the United Nations, in particular the sovereign equality of all States, respect for independence, autonomy and territorial integrity, the right of sell determination, the upholding of human rights and non-discrimination.
October 7, 1949 German Democratic Republic (East Germany) is founded.
2) Walter Ulbricht (1893-1973) was the political leader of the German Democratic Republic from 1953-1971, when he was replaced with Erich Honecker.
That is because of its setting: the gaunt, gutted Palast der Republik, the former seat of government of the German Democratic Republic.
A big Congress for Luther Research was held in Erfurt in the German Democratic Republic (at the time), the place of his birth, where it all began.
Professor Bytwerk also underscores how even though Nazi and German Democratic Republic propaganda took diametrically opposing stands, the mechanics, dynamics, and consequences of their propaganda efforts were far more similar than dissimilar.
West Berlin was still run down and isolated, while the eastern half of the city (the capital of the communist German Democratic Republic, the DDR) was in some ways comparatively flourishing.
Award-winning author an Professor of Communication Randall Bytwerk presents Bending Spines: The Propagandas Of Nazi Germany And The German Democratic Republic, a scholarly close study that strives to answer a larger question: why do totalitarian propagandas such as those created in Nazi Germany and the former German Democratic Republic succeed so well in the short term, yet fail in the long term?
1949: The German Democratic Republic of East Germany was established.
Erasmus Schroeter, who lived in the German Democratic Republic until 1985, gives insights from the perspective of someone who has experienced East German life.
In particular, the archbishop criticized the family policy pursued by the federal Social-Democratic government of Gerhard Schroder, which he said, is the same as that "practised in the former German Democratic Republic.
Coral offer Klaus Toppmoller's men at a best price of 2-5, while Chandler offer 17-2 about former German Democratic Republic outfit Hansa and Stan James are a stand-out 4-1 about the draw.

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