Global depositary receipt (GDR) – FRANKFURT STOCK EXCHANGE LISTINGS
Thursday, August 12, 2010 @ 05:08 PM
Global depositary receipt (GDR)
Security representing a foreign share
Global depository receipts (GDRs), which were developed on the basis of American depositary receipts (ADRs), securitize the ownership in shares. A GDR can relate to one or several shares, or a mere proportion of a share. GDRs are traded instead of the original shares on exchanges worldwide and are denominated in euro.
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