International Depository Receipt

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International Depository Receipt (IDR)

A receipt issued by a bank as evidence of ownership of one or more shares of the underlying stock of a foreign corporation that the bank holds in trust. The advantage of the IDR structure is that the corporation does not have to comply with all the issuing requirements of the foreign country where the stock is to be traded. The US version of the IDR is the American Depository Receipt (ADR).

International Depository Receipt

A certificate issued by a bank representing shares of a stock the bank holds in trust but that are traded on a foreign stock exchange. The IDR is denominated in the local currency, and entitles the bearer to any dividends and other benefits associated with the shares. IDRs can be traded like any other security. Using IDRs shields the investor from foreign exchange risk and any applicable tariffs he/she would have had to pay if he/she had bought the stock outright. It also exempts the investor from any requirements the foreign exchange might have levied. It is also known as a global depository receipt (GDR). See also: American Depository Receipt.
References in periodicals archive ?
Further, the company has approved and allotted 5,000,000 Global Depository Receipt and 25,000,000 underlying Equity Shares of Rs.
While international funds in the US were investing directly in GCC stock markets, domestic funds, which are restricted in investing directly in these markets, are funding regional companies through global depository receipts.
Otkritie said on its website that it would offer 'no less than USD14 for every global depository receipt (GDR)' for its minority shareholders.
They are likely to raise the money by offering private equities, global depository receipt (GDR) units, and new shares as their high debt-asset ratios make banks unlikely to lend them money.
It also established OCI's global depository receipt programme (GDR) in London.
As such, BLOM's global depository receipt (GDR) rose 3.
In the banking sector, BLOM Bank's global depository receipt (GDR) increased 0.
6 percent of its capital through an international Global Depository Receipt (GDR) issuance.
In the banking sector, BLOM's global depository receipt (GDR) decreased 3.
PSC gained a technological sector listing on the Taiwan GreTai Security Market, and issued a Global Depository Receipt (GDR) in 1999, becoming the first Taiwan-listed company to be listed on the Luxembourg Stock Exchange.
On Wednesday, the Reserve Bank of India (RBI) has barred further purchases of share in Axis Bank through stock exchanges in India for Global Depository Receipt (GDR)/Asset Development Reserve (ADR)/Foreign Direct Investment (FDI)/Non-Resident Indian (NRI)/Persons of Indian Origins (PIOs)/Foreign Institutional Investors.
Global Depository Receipt (GDR) for the Bangkok telephone company, Telecom Asia, now one of the largest companies listed on the Bangkok Stock Exchange.

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