The financial definition for International Depository Receipt (IDR):
A receipt issued by a bank as evidence of
ownership of one or more shares of the underlying
stock of a foreign corporation that the bank
holds in trust. The advantage of the IDR structure is that the corporation
does not have to comply with all the issuing requirements of the foreign country
where the stock is to be traded. The US version
of the IDR is the American
Depository Receipt (ADR).
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Bank for International Settlements (BIS)
Bank for International Settlements (BIS) An international bank headquartered in Basel, Switzerland, which serves
as a forum for monetary cooperation among several European central banks,
the Bank of Japan, and the US
Federal Reserve System. Founded in 1930 to handle the German payment of World War I reparations, it now monitors and collects data on international
banking activity and promulgates rules concerning international bank regulation.