25. What are GDR's? State its features.
29. What are IDR's? State its features.
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A global depositary receipt (GDR) is very similar to an American depositary receipt (ADR). It is a type of bank certificate that represents shares in a foreign company, such that a foreign branch of an international bank then holds the shares
Incentive distribution rights (IDR) give a general partner an increasing share of a limited partnership's incremental distributable cash flow. Used in master limited partnerships (MLP), IDRs outline per-unit distribution increases to the limited partners.
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