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Difference between ADR and GDR ?

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Difference between ADR and GDR ?
  • 1 answers

Sia ? 4 years, 6 months ago

<center>ADR</center>

GDR

Stands For

American Depository Receipts

Global Depository Receipts

Definition

American Depository Receipts (ADR) is a type of negotiable security instrument that is issued by a US bank on behalf of a non-US company, which is trading on the US stock exchange.

Global Depository Receipts (GDR) are a type of negotiable instruments that are issued by a foreign depository bank for trading of shares of a company in an international market

Currency traded in

US Dollars

US Dollars, Euro

Purpose

To acquire resources in the US Market

To acquire resources in the International Market

Listed in

NASDAQ

Listed in Non-US stock exchanges such as LSE (London Stock Exchange) and Euronext (France)

Issued By

US Capital Market

European Capital Market

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