International Depository Receipt (IDR)

International Depository Receipt (IDR)

A bank receipt that is evidence of stock ownership in a foreign corporation whose stocks the bank has in form of a trust. IDR structure allows the corporation to avoid fulfilling all the regulatory issuing requirements that are in force in the country wherein the stock will be traded. In the U.S., the ADR is an instrument similar to the IDR.

Related posts:

1. Holding Company Depository Receipt – HOLDR
2. Custodial Receipt
3. ADR- American Depositary Receipts
4. Trust Receipt
5. DTCC- Depository Trust & Clearing Corporation