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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Paul wanted to believe that the GDR would be the answer to his dreams but the reality was opposite and horrible, like his carnival wife and parroting child.
In contrast to other women writers of the GDR like Sarah Kirsch, Irmtraud Morgner, or Christa Wolf, whose writings, although women-centered, ultimately stress a general humankind, I am Yesterday's Woman is concerned almost exclusively with the status of woman in patriarchal societies.
In early 1962, Guinean students in the GDR joined with Guineans across Europe to protest against President Sekou Toure's crackdown on striking teachers.
Ezzat Abdelbary said MCDR will close the door to Edita's share transfers into GDRs starting 10 August, until the GDR and free-floating shares ratios comply with the EGX's decision.
The employment rate of women in GDR was highest not only in the Communist bloc but also in the world, although the Western countries doubted this claim of the GDR government.
He then turned his interest to art, closely studying the painting of the GDR and travelling to visit and speak to individual artists there.
Currently, Nokia Lumia 1520 is said to launch in November with GDR 3 update.
This is (unfortunately) not explicitly dealt with, although it does come out in Jon Berndt Olsen's coverage of the GDR's celebrations for the 500th anniversary of Martin Luther's birth in 1983.
The claim of the GDR to be the 'champion of love and intimacy' was a part of its assertion of moral superiority over the capitalist West, where sex had been reduced to a meaningless distraction or commercial exchange.
Major risk: We could see a decline in IGSS's GDR price after the spinoff because many investors may want to take profits and convert their dividends in-specie into dividends in cash.
Taipei, July 19, 201 2 (CENS)--Chimei-Innolux Corp., a leading Taiwanese FPD (flat panel display) maker, announced yesterday (July 18) a plan for cash capital increment and issuance of global depository receipt (GDR), totaling NT$16.25 billion in scale.
The GDR remembered; representations of the East German state since 1989.