THE Philippine Stock Exchange (PSE) wants equities market shareholders to review and comment on the proposed rules prepared by the local bourse for Global Philippine Depositary Receipts (GPDR).
GPDRs are peso-denominated instruments issued by a depositary bank to represent an investor’s ownership in a foreign company’s shares listed in an overseas exchange. When GPDRs are traded, market participants buy and sell the rights to own the foreign shares.
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