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Definition: Guilder Share - New York Share
Guider share signifies an ownership stake in the Dutch companies, which have been cancelled in the Dutch market and thus can be traded in American markets. New York share or glide share is a special international trading arrangement for the stocks of such Dutch companies that cannot be traded in outside the nation border.
When Americans need to buy shares in foreign countries, they would buy an ADR as a certificate to represent the foreign share but Dutch regulations do not allow the stock of companies to be bought and incorporated into ADR (American Depository Receipts).
As a result, when an IDR/ ADR buys share in these Dutch companies, they are cancelled and instead of them some share are grouped and sold as gilder shares which can be issued in U.S.
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