Global Registered Share (GRS)

A global registered share (GRS, or Global Share) is a security that is issued in the United States but is registered in multiple markets around the world and trades in multiple currencies. With GRSs, identical shares may trade on different stock exchanges and in various currencies across country borders without needing to be converted into local currencies. All holders of GRSs, as with any other shareholder, have equal rights — such as voting, percentage of dividends, and so forth — in the issuing corporation (issuer).