What Is a Global Depositary Receipt?

Global Depositary Receipts are also called "International Depositary Receipts". A type of depositary receipt. A global public offering of stocks or bonds that can be traded on two or more financial markets. Compared with the issuance and listing of stocks abroad, it can overcome many inconveniences of foreign investors in the trading of stocks, dividends, rights issue, and exercise of other shareholders' rights. Its characteristics: Issued on the global stock market at the same time, generally including private offerings under the US 144-A rule and public offerings in countries outside the United States. It is suitable for settlement of settlements such as "custodian trust companies" European clearing organization and international clearing organization. Trading across multiple markets and clearing in the currency of each market. Global depositary receipts outside the United States cannot be listed on the US public market, but can be sold to specific institutional investors in accordance with Rule 144-A. ^[1]

Global Depositary Receipt

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Global Depositary Receipts are also called "International Depositary Receipts". A type of depositary receipt. A global public offering of stocks or bonds that can be traded on two or more financial markets. Compared with the issuance and listing of stocks abroad, it can overcome many inconveniences of foreign investors in the trading of stocks, dividends, rights issue, and exercise of other shareholders' rights. Its characteristics: Issued on the global stock market at the same time, generally including private offerings under the US 144-A rule and public offerings in countries outside the United States. It is suitable for settlement of settlements such as "custodian trust companies" European clearing organization and international clearing organization. Trading across multiple markets and clearing in the currency of each market. Global depositary receipts outside the United States cannot be listed on the US public market, but can be sold to specific institutional investors in accordance with Rule 144-A. ^[1]

On June 17, 2019, the Global Depositary Receipts issued by Huatai Securities Co., Ltd. were listed on the London Stock Exchange. ^[2]

1. A bank certificate issued in more than two countries, representing a foreign company. The foreign branches of international banks hold these shares. These stocks are traded together with domestic stocks but are sold globally through different bank branches.

2.The private market is used to raise USD or EUR funds

Top 25 Global Depositary Receipt Issuers with the Largest Issuance as of October 2005

Ranking	Issuer	country / region	Stock exchange	Amount issued (US $ million)
1	Russia Lukoil	Russia	London Stock Exchange	52,747
2	Norilsk Nickel	Russia	London Stock Exchange	16,551
3	Samsung Electronics Co., Ltd.	Korea	London Stock Exchange	15,818
4	Gazprom	Russia	London Stock Exchange	14,345
5	Surgutneftegaz	Russia	London Stock Exchange	10,877
6	OT Mobile Communications (Orascom Telecom)	Egypt	London Stock Exchange	9,167
7	Russia's Unified Energy System of Russia	Russia	London Stock Exchange	8,137
8	Hungarian Bank (OTP Bank)	Hungary	London Stock Exchange	7,390
9	Reliance Industries, Ltd.	India	London Stock Exchange	4,513
10	Sistema JSFC	Russia	London Stock Exchange	4,089
11	Mol Magyar Olaj-es Gazipari Rt	Hungary	London Stock Exchange	3,528
12	Siberian Oil Company (Sibneft)	Russia	London Stock Exchange	3,224
13	Telekomunikacja Polska SA (TPSA)	Poland	London Stock Exchange	3,014
14	Polski Koncern Naftowy Orlen SA	Poland	London Stock Exchange	2,524
16	Richter Gedeon Vegyeszeti Gyar Rt	Hungary	London Stock Exchange	2,164
17	Pliva dd	Croatia	London Stock Exchange	1,825
18	Hyundai-motor	Korea	London Stock Exchange	1,645
19	Bank Pekao SA	Poland	London Stock Exchange	1,395
20	State Bank of India	India	London Stock Exchange	1,217
twenty one	Komercni Banka AS	Czech Republic	London Stock Exchange	1,199
twenty two	Cathay Financial Holdings	Taiwan	London Stock Exchange	985
twenty three	Orascom Construction Industries	Egypt	London Stock Exchange	948
twenty four	Chunghwa Picture Tubes, LTD.	Taiwan	London Stock Exchange	911
25	Polish Copper Group (KGHM Polska Miedz SA)	Poland	London Stock Exchange	867