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Vishnu Agarwal

Vishnu Agarwal (Querist)
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07 August 2008

what is the global depository receipt?

Vishnu Agarwal

Vishnu Agarwal (Querist)
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07 August 2008

reply as early as possible

CA Naveen Kumar Agrawal

CA Naveen Kumar Agrawal (Expert)
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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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