International Depository Receipt

(redirected from Global depository receipts)

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).
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The global depository receipts of the bank are on the list of the UK Listing Authority and the London Stock Exchange Professional Securities Market.
His tenure was being termed significant for the development of private sector, large FDI inflows and a return to international capital markets with the issuance of global depository receipts, Eurobond and Islamic Sukuk bond.
BANKING AND CREDIT NEWS-December 14, 2018-CICC UK registers as cross-boarder global depository receipts conversion institution
M2 EQUITYBITES-December 14, 2018-CICC UK registers as cross-boarder global depository receipts conversion institution
Global Banking News-December 14, 2018-CICC UK registers as cross-boarder global depository receipts conversion institution
The Shanghai-London Stock Connect will enable Chinese companies to raise fresh money on the LSE through issuing global depository receipts (GDR), which could boost momentum amid concerns that Brexit could dent the City of London's leading position in financial markets.
REUTERS/Amr Abdallah Dalsh [c] Amr Dalsh / Reuters October 23, 2016 09:04am EDT CAIRO -- 10 October 2018: Beltone Financial Holding Company announced the decision of its board of directors to cancel the global depository receipts (GDRs) system.
13 ( ANI ): The London Stock Exchange Group on Friday announced the debut of India's direct-to-home television provider, Dish TV's Global Depository Receipts (GDRs) on the Professional Securities Market.
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.
EDR are equal to Global Depository Receipts (GDR), which transfer the proceeds of sale to Egypt via depository company accounts and via the central registry at any international custodian.

Full browser ?