What is meant by "Global Depository Receipts" ?

1. 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.

Also,

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.

Global Depository Receipt is a bank certificate issued in more than one country representing investment in shares of a foreign company. it is also known as International Depository Receipt. Normally, the shares are held by a foreign branch of an international bank.

Negotiable certificate issued by one country's bank against a certain number of shares held in its custody but traded on the stock exchange of another country. GDRs entitle the shareholders to all associated dividends and capital gains, and can be bought and sold like other securities. Thus they allow investors in any country to buy shares of any other country without losing the income or trading flexibility. Also called European depository receipt (EDR) or international depository receipt (IDR).

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Depository Receipts is Negotiable Financial Instrument issued by a bank to represent a foreign compoany publically traded securities. Depository Receipts are traded in Stock Exchanges. Depository Receipts can be sponsored or unsponsored.Depository Receipts are credited when a company's share or bond are delivered to custodian bank.