| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,885,398,128 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Global Depository Receipt |
Also found in: Acronyms, Wikipedia | 0.01 sec. |
|
Global Depository Receipt A receipt denoting ownership of foreign-based corporation stock shares which are traded in numerous capital markets around the world. Global Depository Receipt A certificate issued by a bank representing one or more shares of a stock the bank holds in trust but that is traded on a foreign stock exchange. The GDR is denominated in the local currency, and entitles the bearer to any dividends and other benefits associated with the shares. GDRs can be traded like any other security. Using GDRs 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 more commonly known as an international depository receipt (IDR). See also: American Depository Receipt. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
Manufacturer and importer of edible oil K S Oils Ltd today said it plans to raise up to Rs 450 crore through private equity, global depository receipts (GDRs) and promoters to expand its palm plantation assets in South-east Asia. With these two additions, Pharos completes the portfolio of services supporting its securities brokerage clients which include Global Depository Receipt (GDR) trading, an expanding retail brokerage branch network, and a world-class research department. While international funds in the US were investing directly in GCC stock markets, domestic funds, which are restricted in investing directly in these markets, are funding regional companies through global depository receipts. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|