4 right the difference between global depositary receipt and American depositary receipt
Answers
Answer:
Explanation:
ADR GDR
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
US Capital Market European Capital Market