European Depository Receipt - EDR
- European Depository Receipt - EDR
- A negotiable security (receipt) that is issued by a European bank, and that represents securities which trade on exchanges outside of the bank’s home country. Abbreviated as "EDRs", these securities are traded on local exchanges and used by banks - and issuing companies in the U.S. and other countries - to attract investment capital from the European region.
Also known as "Euro Depository Receipts", which may or may not imply that the euro is the currency the receipt is issued upon.
While the euro isn’t the only currency that can be used to issue and trade European Depository Receipts, it is the most common because of its widespread adoption in Europe. American Depository Receipts (ADRs) are the equivalent of this type of bank receipt in the U.S.
Investors in EDRs are entitled to the same dividends and capital gains as the investors who hold common shares in the same company.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
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Global Depositary Receipt — A receipt denoting ownership of foreign based corporation stock shares which are traded in numerous capital markets around the world. Bloomberg Financial Dictionary ( GDR) Euroclear Clearing and Settlement glossary Also called European Depository … Financial and business terms
Global Depositary Receipt — (GDR) Also called European Depository Receipt (EDR). A negotiable certificate issued by a trust company or security depository evidencing the deposit of publicly traded securities and facilitating the trading of such securities on exchanges … Euroclear glossary
