what is an example of a gdr 
one example of a gdr is the american oil and gas company phillips 66 nyse psx in addition to trading domestically it has depositary receipts listed on exchanges in brazil p1sx34 germany r66 vienna psxc and london 0khz l among others 4567the bottom linefor u s investors global depositary receipts offer a way to own equity in foreign companies while trading its representative shares on a local stock exchange certainly gdrs have their risks including home country economic and political risk currency risk and liquidity risk however gdrs also offer noteworthy benefits that include the potential for a globally diversified portfolio the ability to trade clear and settle transactions according to local regulations no cross border custody safekeeping charges and dividend payments in u s dollars 