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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.
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 ?
Centered on these two historical dates, the main character, Marianne, contemplates the topics of revolution, freedom, separation, and reunion on personal and public levels as seen in the changes the preceding two-and-a-half years since the opening of the borders between the Federal Republic and the German Democratic Republic have brought.
I come from the German Democratic Republic, the old East Germany.
In order to interpret the survival of monuments to the heroes of communism in the former German Democratic Republic (East Germany), says Olsen, it is necessary to understand the complicated events that led to the construction of such sites of memory.
of Liverpool, UK), this collection of interdisciplinary essays explores how the division of Germany during the Cold War, as well as ongoing connections of experience and communication between the Federal Republic of Germany and the German Democratic Republic, shaped the Cold War experience of Germans in a broad array of political, social, and cultural contexts.
With respect to the German Democratic Republic, this method allows what the editor aptly calls a "kontrastive Engfuhrung zwischen Literatur im 'Westen' und im 'Osten,'" but that term might as well apply overall to the volume's intricate dovetailing of distinct dimensions of literary praxis in its historical contexts.
Pretty soon, German school children won't even know there was such a thing as the German Democratic Republic. Perhaps Communism will return again some time in the future as an acceptable artistic theme--yet another encoded Romanticism.
Scholars of German studies, literature, and history focus on cities in the former German Democratic Republic that have generally been ignored by their colleagues.
Anthropologists and political scientists as well as sociologists explore the role of scientism in the secularization process in eastern Germany; secular rituals and political commemorations in the German Democratic Republic 1945-56; a comparison between the Catholic Eichsfeld region and the Protestant Erzgebirge to show the limits of politicization of the schools in the Republic; three Catholic case studies of positions and pathways of families within the religious field of East Germany; God, work, and world among Christians in Saxony; Jehovah's Witnesses in eastern Germany as an example of religious socialization in a secular environment; and young eastern Germans and the religious and ideological heritage of their parents and grandparents.
Cambert's real desire in life is to become a writer, and he continues to practice this craft while reporting on "Reader," a leading member of East Berlin's dissident literary underground in the final months of the German Democratic Republic.
The small retrospective of seven of Rheinsberg's works dealt with the disappearance and negation of the values of the former German Democratic Republic. Since the fall of the Berlin wall, this subject has occupied Rheinsberg almost exclusively; he has followed the traces of a deteriorating society, and exhibited objects that document what he has found.
They discuss relations during the emergence of two Germanys and the evolution of the post-war political order 1945-55, from sovereignty to recognition 1955-73, normalization of relations and new beginnings 1973-79, and from the Second Cold War to the collapse of the German Democratic Republic 1979-90.
The events of 1989 in the German Democratic Republic, Czechoslovakia, Bulgaria, and Romania, involved not only the collapse of communist governments in those countries but also formed part of a larger process, the coming apart of the system set in place by the October Revolution of 1917.

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