• A GDR is a traded financial security.

  • This is a certificate that represents the shares of a foreign company and is traded on two or more global stock exchanges.
  • GDRs are usually traded on US stock exchanges, as well as on stock exchanges in the Eurozone or Asia.
  • GDRs and dividends thereon are valued in the local currency of the exchanges where the GDRs are traded.
  • GDRs provide an easy way for US and international investors to own foreign shares.