Global Registered Share
Shares that trade on multiple exchanges with different currencies. For example, if a publicly-traded company issues shares in dollars on the New York Stock Exchange and in pounds on the London Stock Exchange, it is issuing global registered shares. These are fairly uncommon, and are certainly less common than International Depository Receipts, whereby a company issues its shares in one currency but allows banks effectively to trade them in another. Global registered shares are also called simply global shares.
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Stock that trades in multiple currencies. For example, shares of DaimlerChrysler trade in dollars in the United States, euros in Germany, yen in Japan, and in the home currencies of several other countries. Global shares are uncommon and are different from American Depositary Shares that are claims on a firm's ordinary shares.
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.