Depositary receipts traded outside the United States are called ________ depositary receipts.

Question

Quizplus · Accepted Answer

Global depositary receipts (GDRs) are depositary receipts traded outside the United States, representing a claim to an underlying security issued by a non-US company. They are commonly used by non-US companies to raise capital in international markets by allowing their shares to be traded globally. Euro depositary receipts (EDRs) are similar to GDRs but are specifically traded in European markets, while American depositary receipts (ADRs) are issued by non-US companies and are traded on US exchanges.

Depositary Receipts Traded Outside the United States Are Called ________