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Two-Way Trading |
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Two-Way Trading The legal ability to convert Global Depository Receipts into ordinary shares and vice versa. A Global Depository Receipt is 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. It is denominated in the local currency, and entitles the bearer to any dividends and other benefits associated with the shares. Different governments have different regulations as to how shares may be converted into Global Depository Receipts; those that allow two-way trading have the fewest regulations.
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