Global depositary receipt

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ →Go uptown 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: Glossary Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

The depositary receipt may be withdrawn at any time, and the waiting period for the shares being sold and the proceeds distributed to investors may be long

See also

• American depositary receipt
• FWMD Top Trumps