10 August 2008
A bank certificate issued in more than one country for shares in a foreign company. The shares are held by a foreign branch of an international bank. The shares trade as domestic shares, but are offered for sale globally through the various bank branches.
2. A financial instrument used by private markets to raise capital denominated in either U.S. dollars or euros.
1. A GDR is very similar to an American Depositary Receipt.
2. These instruments are called EDRs when private markets are attempting to obtain euros.
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