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American Depository Receipts

American Depository Receipts

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Published by D Attitude Kid

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Categories:Types, Business/Law
Published by: D Attitude Kid on Apr 03, 2010
Copyright:Attribution Non-commercial

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11/05/2012

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 New FinancialInnovations
y
P.C.T.E.)
 
GDR
y
 A bank certificate issued in more than one countrfor shares in a foreign company 
.
 
T
he shares areheld by a foreign branch of an international bank
.
 
T
he shares trade as domestic shares, but areoffered for sale globally through the various bankbranches
.
y
 A financial instrument used by private markets toraise capital denominated in either U
.S.
dollars orsome other freely convertible currency 
.
 
For Example
 A 
E
uropean investor wanting an exposure in Indiansecurities could do so via two routes:-
1
.
E
nter the Indian stock market and buy the cos
.
 
S
tock on one of the Indian markets
.
But this would also expose the investor to exchange risksand statutory rules and regulations governingpurchase and sale of securities in the Indianmarket
.
2.
T
hrough GDRs which would give investorsownership of the Indian companys stock without being subject to Indian stock marketregulations to a great extent
.

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