Tel-Aviv Stock Exchange
www.tase.co.il
Tel : 972.3 567 7411
Fax : 972.3 510 5379
Representatives
Chairman of the Board : Mr. Saul Bronfeld
Chief Executive Officer : Mrs. Ester Levanon
|
Types of Securities Traded |
Name of Trading Systems (cash and derivatives) |
Trading Hours |
|
Shares: TA100 Others |
Tel Aviv Continuous Trading (TACT) - Fully automated, order driven |
9:45 - 16:28 10:15 - 16:28 |
|
Warrants |
TACT |
10:15 - 16:28 |
|
Convertible Bonds |
TACT |
10:15 - 16:28 |
|
Government Bonds |
TACT |
9:30 - 16:28 |
|
Corporate Bonds |
TACT |
9:30 - 16:28 |
|
T-Bills |
TACT |
9:30 - 16:28 |
|
ETC* |
TACT |
9:45 / 10:15 - 16:28 |
|
Options |
TACT |
9:30 - 16:30 |
|
Futures |
TACT |
9:30 - 16:30 |
* Depends in which market the ETC is traded (TA100/Others/Bonds)
Supervisory Body
Israel Securities Authority
Name of Clearing & Settlement Organization
TASE Clearing House Ltd
MAOF Clearing House Ltd.
Settlement Cycle
T+1 Bonds and T-Bills.
T : Other securities and Derivatives.
Name of Central Securities Depository
TASE Clearing House Ltd. In cooperation with the central Bank of Israel and the 4 largest banks, which act as nominee companies for the securities. The nominee companies are subsidiaries of these banks and hold the securities in their safe-deposit facilities.
MAOF Clearing House Ltd.
Commissions on Transactions levied by Exchange
Trading fees, including Clearing and Settlement (percentage of transaction's value):
Shares & ETC's: 0.0035%, minimum - 1.14 NIS, maximum - 114 NIS.
Government Bonds:
Non-Linked Fixed Rate: 0.0010%, minimum - 1.71 NIS, maximum - 114 NIS.
Other types of Government Bonds: 0.0015%, minimum – 1.14 NIS, maximum – 114 NIS.
T-Bills & Commercial Securities: 0.0010%, minimum - 1.14 NIS, maximum - 114 NIS.
Corporate Bonds: 0.0027 %, minimum - 1.14 NIS, maximum - 114 NIS.
Options & Futures on TA-25: 0.25 NIS per option/future.
Options & Futures on other underlying assets: 0.15 NIS per option/future.
Options on shares : 0.50 NIS per option.
Taxes on Dividends, Interests
Dividends : 20 %
Interest on CPI or FC Linked Bonds : 20 %
Interest on unlinked Bonds : 15 %
2011 Share ownership thresholds (%)
5%
Short selling (Yes / No)
Yes
Short selling conditions (if any)
Lending Agreement