What Is a Global Depository 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

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