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