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What is Understanding Depository Receipts about?

Depository receipts allow foreign companies to have their shares traded on a local stock exchange. There are three main types: American Depositary Receipts (ADRs) which trade on US exchanges, Global Depositary Receipts (GDRs) which trade internationally outside the US, and Indian Depositary Receipts (IDRs) which trade on Indian exchanges. A depository receipt is issued by a bank and represents shares of a foreign company held in that company

Author

kurdiausha29

Language

EN