- A negotiable certificate representing a certain number of shares—typically one share of the equity of a foreign company—issued by a U.S. depositary bank is referred to as an ADR.
- A depository bank issues GDRs, which are certificates that represent shares of a foreign corporation and are deposited into an account. The majority of GDR trading occurs on European marketplaces.
ADR AND GDR
Table of Contents
- Overview
- Key Points
- Strategy and Practice
