How does the process of G.D.R. work ? Briefly list its main features in 3 points
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A global depositary receipt (GDR) is a bank certificate issued in more than one country for shares in a foreign company. GDRs list shares in two or more markets, most frequently the U.S. market and the Euromarkets, with one fungible security.
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A global depositary receipt (GDR) is a certificate issued by a bank that represents shares in a foreign stock on two or more global markets.
GDRs typically trade on American stock exchanges as well as Eurozone or Asian exchanges.
GDRs and their dividends are priced in the local currency of the exchanges where the shares are traded.
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