The depositary receipt may be withdrawn at any time, and the waiting period for the shares being sold and the proceeds distributed to investors may be long. much more information at the very similar concept of American depositary receipt.
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:
|
|
See also
