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Global Depositary Receipts

Global Depositary Receipts (GDRs): A Primer

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.