What is the difference between ADR and GDR - capital market adn security market cs notes



Posted on 24-03-2016        By ADMIN



What is the difference between ADR and GDR?  

Both ADR and GDR are depository receipts, and represent a claim on the underlying shares. 

The only difference is the location where they are traded.  

If the depository receipt is traded in the United States of America (USA), it is called an American Depository Receipt, or an ADR.  

If the depository receipt is traded in a country other than USA, it is called a Global Depository Receipt, or a GDR. 

What is the difference between ADR and GDR - capital market adn security market cs notes



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