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 ?
On 8 December 2017, KMG EP announced that its board unanimously approved the launch of a conditional tender offer to repurchase all of its outstanding global depository receipts (GDRs) at USD14 per GDR.
Dubai: Depa Limited said it has cancelled the standard listings on the Official List maintained by the UK Listing Authority as well as its global depository receipts (GDRs), resulting in its listing on the London Stock Exchange (LSE) being cancelled.
5 percent of Al Ahly Capital stake in the company, equivalent to 10 percent of the company's shares, will be listed as global depository receipts (GDRs) on London Stock Exchange (LSE), AMOC announced in September.
5% of TBC Banks share capital after the Initial Public Offering ("IPO") of TBC Bank's Global Depository Receipts ("GDRs") in June 2014 and 12.
Luxoft Holding, Inc (NYSE: LXFT) said it has been informed by majority shareholder IBS Group Holding Limited that the previously approved scheme of arrangement to reorganize IBS via an exchange of shares and global depository receipts of IBS for shares of Luxoft by public shareholders of IBS became effective on November 7, 2014.
Alba has a primary listing in Bahrain with its global depository receipts trading in London.
DAMAC listed its global depository receipts (GDRs) in London last December and also plans to offer investors the option of GDRs into ordinary shares that would be listed on Dubai's main stock market.
The OGDC shares will be marketed internationally in the form of global depository receipts after assessing the appetite in the domestic market, while the PPL shares will be sold domestically, the official said, with further details still to be confirmed.
According to the Beirut Stock Exchange daily bulletin, 3,509,105 Global Depository Receipts valued at $22,469,681 changed hands.
UBL's global depository receipts (GDRs) trade at the London Stock Exchange.
7 per cent while global depository receipts ( GDRs) was 8.
15 November 2013 - The major shareholder of Russian seismic data provider IG Seismic Services plc (IGSS), UCE Synttech Holdings, said today it was considering a tender offer for the company's ordinary shares and global depository receipts and a subsequent buy-out.

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