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Charlie Munger

Investment Dictionary


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Depository Receipts

 

Depository receipts are certificates that makes easier to invest in foreign stocks. Depository receipts lowers administration costs for foreign investment and makes foreign investments more trustful for local investors. 

 

The most popular types of depository receipts:

ADR (American Depository Receipt) 

GDR (Global Depository Receipt)  

Other types of depository receipts:

CDR (Chinese Depositary Receipt)

IDR (Indian Depository Receipt)

IDR (International Depository Receipt)

 

 






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