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A global depository receipt (GDR and sometimes spelled depositary) is a general name for a depositary receipt where a certificate issued by a depository bank, which purchases shares of foreign companies, creates a security on a local exchange backed by those shares.
An American depositary receipt (abbreviated ADR, and sometimes spelled depository) is a negotiable security that represents securities of a foreign company and allows that company's shares to trade in the U.S. financial markets.
A depositary receipt (DR) is a negotiable financial instrument issued by a bank to represent a foreign company's publicly traded securities. The depositary receipt trades on a local stock exchange . Depositary receipts facilitates buying shares in foreign companies, because the shares do not have to leave the home country.
Popular DR include American Depositary Receipts (ADR), European Depositary Receipts (EDR), global depository receipts (GDR, also referred to as international depository receipts), and Global Registered Shares (GRS). Multi listed or cross-listed shares, by contrast, are technically the same financial instrument. Fungibility is a concern across ...
The name is an acronym for the first member of the family, the Standard & Poor's Depositary Receipts, now the SPDR S&P 500 Trust ETF, which is designed to track the S&P 500 stock market index. The SPDR S&P 500 Trust is the largest ETF in the world by total assets under management.
It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ ...
The Standard & Poor's Depositary Receipts were launched by Boston asset manager State Street Global Advisors (SSGA) on January 22, 1993, as the first exchange-traded fund in the United States (preceded by the short-lived Index Participation Shares that launched in 1989); and are part of the SPDRs ETF chain.
A depository bank (U.S. usage) or depositary bank (predominantly EU usage) is a specialist financial entity which, depending on jurisdiction, facilitates investment in securities markets. Depository banks in the United States