Series 79: Global Depository Receipts

Taken from our Series 79 Top-off Online Guide

Global Depository Receipts

Global Depository Receipts (GDRs) are essentially identical to ADRs, except that as a matter of terminology, GDRs are not issued in the United States. The process of creating GDRs is the same as the process for creating ADRs: the shares of a foreign company are deposited with a local banking institution, and DRs are issued. The shares on deposit are call

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