PSE seeks comments on GPDR rules

By Earl John Alfaro

Oct 01, 2024 12:28 am

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.

Philippine Stock Exchange

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Peso seen hitting P59:$1

Topline IPO postponed to Q1 2025

Citi trims PH growth forecast

DA: Rice production to fall below estimate

Higher climate funding sought by PH at COP29

Seized smuggled vapes hit P5.07B as of October

Developers shift focus from NCR