Читать книгу Fundamentals of Financial Instruments - Sunil K. Parameswaran - Страница 60

While ADRs are the most common type of depository receipts, there are other similar securities called GDRs. A global depository receipt (GDR) differs from an ADR in the sense that it is offered to investors in two or more markets outside the issuer's home country. Most such issues will include a tranche for US investors, as well as a separate tranche for international investors.

EDRs or Euro Depository Receipts represent ownership of shares in a corporation that is based in a country outside the European Monetary Union (EMU). While depository receipts are primarily issued to facilitate ownership of overseas equity, they can also be structured to permit investors to take a stake in a foreign debt issue. An American Depository Debenture (ADD) is a security that is based on a debt security issued by a foreign company.