Global Depositary Receipt

A Global Depository Receipt or Global Depositary Receipt (GDR) is a certificate issued by a depository bank, which purchases shares of foreign companies and deposits it on the account. GDRs represent ownership of an underlying number of shares.Global Depository Receipts facilitate trade of shares, and are commonly used to invest in companies from developing or emerging markets - especially Russia.Prices of GDRs are often close to values of realted shares, but they are traded and settled independently of the underlying share.
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A receipt denoting ownership of foreign-based corporation stock shares which are traded in numerous capital markets around the world.