GDR meaning in Banking ?

Answer:

What is Global Depository Receipt mean?

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. They are the global equivalent of the original American depositary receipts (ADR) on which they are based. GDRs represent ownership of an underlying number of shares of a foreign company and are commonly used to invest in companies from developing or emerging markets by investors in developed markets.

Prices of global depositary receipt are based on the values of related shares, but they are traded and settled independently of the underlying share. Typically, 1 GDR is equal to 10 underlying shares, but any ratio can be used. It is a negotiable instrument which is denominated in some freely convertible currency. GDRs enable a company, the issuer, to access investors in capital markets outside of its home country.

Several international banks issue GDRs, such as JPMorgan Chase, Citigroup, Deutsche Bank, The Bank of New York Mellon. GDRs are often listed in the Frankfurt Stock Exchange, Luxembourg Stock Exchange, and the London Stock Exchange, where they are traded on the International Order Book (IOB).

reference

Full Form	Category
Global Depository Receipt	Banking
Ginny Draco Romance	Community
Global Development Range	Community
Graves Development Resources	Community
Graduate Division of Religion	Community
Graduate Department of Religion	Community
Global Development Research	Community
Global Desired Receive (PSD)	Computer and Networking
Generative Drafting	Computing
Google Drive	Computing
Golden Roots	Cryptocurrency
Guider	Cryptocurrency
Geophysical Data Record	Earth Science
Global Debt Registry	General
Generic Dispensing Rate	General
Global Depositary Receipt	General
Global Data Review	General
Global Design Resources	General
Demolition Recycler	General
Generalized Data Retrieval	General
Global Data Replication	General
Glucose Disposal Rate	General
Grup de Reformes	General
Group Designated Router	General
Groupement de Recherche	General
Geothermal Data Repository	General
Grossman Dorland Recruiting	General
Global Deactivation of Radiation	General
Gioco Di Ruolo	General
General Distributed Release	General
Grand Domestic Revolution	General
Game Differential Ratio	General
Global Demand Receipt	General
Great Dividing Range	General
Geographically Dispersed Resiliency	General
Guaranteed damage reduction	General
Genesis Demolition Recycler	General
Gas Delivery Regulators	General
Guidance Document Repository	Governmental
GUDUR JN	Indian Railway Station
Groupes De Recherches	International
German Death Riders	International
Global Dental Relief	Medical
Genome Database for Rosaceae	Medical
Gradual Dose Reduction	Medical
Grin Duck and Run	Messaging
German Democratic Republic	Military and Defence
General Distribution Release	Softwares