GDR Citibank

Is Citibank provide GDR facility, if yes then can you tell me about the same along with information about its benefice

[Shaleen]

Yes Citibank has facility of GDR or Global Depositary Receipt that is a negotiable instrument issued by a depositary bank in international markets — typically in Europe and generally made available to institutional investors both outside and within the U.S. — that evidences ownership of shares in a non-U.S. company, enabling the company
(issuer) to access investors in capital markets outside its home country

GDR Primary Benefits
Issuers
• Access capital in
international markets
• Conduct a securities
offering in an efficient and
cost-effective manner
• Expand market for shares,
potentially enhancing
overall liquidity
• Broaden and diversify
shareholder base
Investors
• Globalize/diversify
investment portfolio
• Trade, clear and settle
according to home market
conventions
• Eliminate cross-border
custody/safekeeping
charges
• Receive dividend payments
in U.S. dollars

Citibank GDR info

Hello brother provide some information of Citibank Global Depositary Receipt (GDR), what is the use of GDR?

[Raman Vij]

This piece provides issuers and other DR market participants with an overview of the GDR product. It defines GDRs, describes the different types of GDR programs, highlights the benefits GDRs provide to issuers and investors, and outlines the key roles and responsibilities involved in the implementation and management of a typical GDR program.

Issuer Services
Brokers

Depositary

Custodian

Issuer

Investment Bankers

Lawyers

Accountants

Key Roles and Responsibilities
In order to establish a GDR program, the issuer first appoints a team of advisors that typically includes investment bankers, lawyers and accountants. The issuer also selects a
depositary bank to manage the implementation of the program.

The depositary bank also performs the critical role of liaison among the various parties to the transaction, and will remain integral to the long-term development of the GDR program. Generally, the functions of the lawyers and accountants will eventually transition to periodic reporting and general legal matters.

Investment bankers will typically not be involved with the ongoing management of a GDR program as well; however, the program will become an important consideration for investment bankers if the issuer contemplates going to the capital markets in the future.

The depositary bank is the only party to GDR transactions that is engaged on
an end-to-end basis.

Contact
Asia Pacific
Valentina Chuang
+852-2868-7959

Europe, Middle East and Africa
Ayden Dagg
+44-20-7500-5709

The Americas
Teresa Loureiro-Stein
+212-816-6814