Q.An instrument representing ownership interest in securities of a foreign issuer is called ________.

External Commercial Borrowings (ECBs) are foreign-currency loans that a domestic company raises from recognised lenders abroad, typically to fund long-term capital expenditure, and subject to regulatory end-use conditions such as RBI/FEMA compliance in India. Global Depository Receipts (GDRs) and American Depository Receipts (ADRs) are negotiable certificates issued by a depository bank representing shares of a foreign company, allowing those shares to be traded on a stock exchange outside the company's home market -- a GDR when traded mainly on European exchanges, an ADR when traded on United States exchanges -- letting a company raise equity capital internationally wit …