Professional Documents
Culture Documents
Introduction
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Rate of
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Domestic
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÷ short-term discount instrument that usually arises in the course of
international trade.
DE©O ITORY RECEI©T
÷ negotiable financial instrument issued by a bank to represent a foreign
company's publicly traded securities. The depositary receipt trades on a local
stock exchange.
Depositary receipts make it easier to buy shares in foreign companies because
the shares of the company don't have to leave the home state.
Global Depositary Receipt ʹ GDR
÷ bank certificate issued in more than one country for shares in a foreign
company. The shares are held by a foreign branch of an international bank.
The shares trade as domestic shares, but are offered for sale globally through
the various bank branches.
÷ financial instrument used by private markets to raise capital denominated in
either Y. . dollars or euros.
÷ GDR is very similar to an ÷merican Depositary Receipt.
These instruments are called EDRs when private markets are attempting to
obtain Euros.
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