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Business Definition for: International Depositary Receipt (IDR)
International Depositary Receipt (IDR)
negotiable bank-issued certificate representing ownership of stock securities by an investor outside the country of origin. An international depositary receipt, or IDR, is the non-U.S. equivalent of an American Depositary Receipt . These instruments have been used since the 1970s to facilitate international trading in securities. The securities backing the receipt remain in the custody of the issuing bank or a correspondent.
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