#1
25th August 2015, 12:38 PM
| |||
| |||
GDR Citibank
Is Citibank provide GDR facility, if yes then can you tell me about the same along with information about its benefice
|
#2
25th August 2015, 12:41 PM
| |||
| |||
Re: GDR Citibank
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 |
#3
2nd December 2015, 04:12 PM
| |||
| |||
Re: GDR Citibank
Hello brother provide some information of Citibank Global Depositary Receipt (GDR), what is the use of GDR?
|
#4
2nd December 2015, 04:13 PM
| |||
| |||
Re: GDR Citibank
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 |