Irish Stock Exchange
Tel : 353 1 617 4200
Fax : 353 1 677 6045
Chairman : Mr. Padraic O'Connor
Chief Executive : Mrs. Deirdre Somers
|Types of Securities Traded||Name of Trading Systems (cash and derivatives)||Trading Hours|
|Equities, ETF||ISE Xetra||6:30 - 17:15|
|Irish Government Bonds||EuroMTS, Brokertec and BGC Partners||8:00 - 16:30|
Central Bank of Ireland
Name of Clearing & Settlement Organization
Equities and ETFs trading on ISE Xetra are settled in Euroclear UK & Ireland and cleared by Eurex Clearing AG. Debt securities are settled in Euroclear Bank Brussels, DTCC and Clearstream Banking Luxembourg
Irish Government Bonds are settled via Euroclear Bank Brussels.
T+3, although alternative settlement periods can be bilaterally negotiated.
Name of Central Securities Depository
For equities and ETFs, the CSD is Euroclear UK & Ireland.
For debt securities, three CSDs are recognise: Euroclear Bank Brussels, DTCC and Clearstream Banking Luxembourg
For Irish Government Bonds, the CSD is Euroclear Bank
Commissions on Transactions levied by Exchange
There are no commissions applied by the Exchange other than normal exchange bargain charges. Stamp duty of 1% is payable on the purchase of Irish equities to the Irish revenue (it is not payable on ETFs and Irish Government bonds).
Taxes on Dividends, Interests
Depends on residency and domicile of individual/entity involved.
2011 Share ownership thresholds (%)
There is a requirement on an individual/entity to disclose "major interests in shares", which is a holding of 3% or more of the voting share capital of a company listed on the Irish Stock Exchange.
Short selling (Yes / No)
Short selling conditions (if any)
Prohibited in relation to Irish bank stocks since 19 september 2008 by the central bank of Ireland.