The depositary receipt may be withdrawn at any time, and the waiting period for the shares being sold and the proceeds distributed to investors may be long
Top Trumps®Financial Weapons of Mass Destruction®
GDR
“Like an ADR, but foreign.”
| Docs |
Prospectus, offer docs etc. Leaden, but dreary. |
5
|
| Amendability |
No real need. No real capacity. |
0
|
| Collateral |
Nope. |
0
|
| Transferability |
In theory, negotiable. Query how much in practice. Redeemable for underlier as well, if that kind of thing floats your boat. |
5
|
| Leverage |
Nope. |
0
|
| Fright-o-meter |
All a bit gnab gib, really ... except issuers tend to be in banana republics and nuclear-armed kleptocracies. |
8
|
Index — Click the ᐅ to expand:
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See also
