Go Back   2021-2022 StudyChaCha > StudyChaCha Discussion Forum > General Topics

  #1  
Old March 12th, 2016, 01:41 PM
Unregistered
Guest
 
Default GDN Citibank

I want to get the details regarding Global Depositary Note (GDN) of Citibank so can you please provide me?
Reply With Quote
Other Discussions related to this topic
Thread
FPX Citibank
Citibank EIP
Citibank FFP
Citibank MPH
Citibank Hr
Citibank Bt
Citibank SSF
MLI Citibank
Citibank ID
Citibank TMT
San Antonio Citibank
Citibank RFP
MT4 Citibank
EPP Citibank
JFK Citibank
Citibank OAC SMS
Citibank JLT
Citibank VCC
Citibank RT
Citibank PL






  #2  
Old March 12th, 2016, 01:58 PM
Super Moderator
 
Join Date: Nov 2011
Default Re: GDN Citibank

Citibank is the consumer division of financial services multinational Citigroup. Citibank was established in 1812. Its head quarter is located in New York City, United States.

Global Depositary Note (GDN)

A Global Depositary Note (GDN) is a debt instrument created by a depositary bank, such as Citibank, that evidences ownership of a local currency-denominated debt security.

GDNs emulate the terms of particular local bonds; however, they trade, settle, and pay interest and principal in U.S. dollars, and are Euroclear/ Clearstream/ DTC-eligible

Citi Depositary Receipt Services will generally establish a GDN program in a respective jurisdiction in response to investor demand.

Benefits -

DVP/RVP settlement versus U.S. dollars

Ability to trade with multiple broker-dealers

Expanded universe of emerging market debt securities available to investors

Access to local market liquidity afforded by fungibility between the GDNs and the underlying bonds

Facilitation of Euroclear/ Clearstream/DTC eligibility on local bonds where previously unavailable


Citibank Global Depositary Note (GDN)


__________________
Answered By StudyChaCha Member
Reply With Quote
Reply


Reply to this Question / Ask Another Question
Your Username: Click here to log in

Message:
Options



All times are GMT +6.5. The time now is 02:48 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2 3 4 5 6 7 8