Global Depositary Receipts (GDRs)

Definition:

Negotiable certificates issued as equity securities outside of the United States, representing an ownership interest in a pool of equity securities issued by a Foreign Private Issuer and denominated in a foreign currency. Compare with American Depositary Receipts (ADRs), which are US dollar denominated certificates issued in the United States that represent interests in securities of a Foreign Private Issuer.

See also Depositary Receipts (DRs).

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