Search results
Results from the WOW.Com Content Network
Prices of global depositary receipt are based on the values of related shares, but they are traded and settled independently of the underlying share. Typically, 1 GDR is equal to 10 underlying shares, but any ratio can be used. It is a negotiable instrument which is denominated in some freely convertible currency. [1]
The IDR is a specific Indian version of the similar global depository receipts. It is created by a Domestic Depository (custodian of securities registered with the Securities and Exchange Board of India) against the underlying equity of issuing company to enable foreign companies to raise funds from the Indian securities Markets. [1]
Foreign currency convertible bonds are equity linked debt securities that are to be converted into equity or depository receipts after a specified period. thus a holder of FCCB has the option of either converting it into equity share at a predetermined price or exchange rate, or retaining the bonds. [4]
Deutsche Bank Appointed as Successor Depositary Bank for the Level I American Depositary Receipt Program of Koninklijke Ahold N.V. NEW YORK & AMSTERDAM--(BUSINESS WIRE)-- Deutsche Bank today ...
In India Therefore, to encourage domestic securities placements (instead of foreign currency convertible bonds (FCCBs) and global or American depository receipts (GDRs or ADRs)), the Securities and Exchange Board of India (SEBI) has with effect from May 8, 2006 inserted Chapter XIIIA into the SEBI (Disclosure & Investor Protection) Guidelines ...
A depositary receipt (DR) is a negotiable financial instrument issued by a bank to represent a foreign company's publicly traded securities. The depositary receipt trades on a local stock exchange . Depositary receipts facilitates buying shares in foreign companies, because the shares do not have to leave the home country.
Deutsche Bank Appointed as Successor Depositary Bank for the Level I American Depositary Receipt Program of United Utilities Group PLC NEW YORK & LONDON--(BUSINESS WIRE)-- Deutsche Bank today ...
Popular DR include American Depositary Receipts (ADR), European Depositary Receipts (EDR), global depository receipts (GDR, also referred to as international depository receipts), and Global Registered Shares (GRS). Multi listed or cross-listed shares, by contrast, are technically the same financial instrument. Fungibility is a concern across ...