Tel-Aviv Stock Exchange

www.tase.co.il  
Tel : 972.3 567 7411
Fax : 972.3 510 5379

 

Representatives

Acting Chairman of the Board : Mr. Ron Malka

Chief Executive Officer : Mr. Yossef Beinart

 

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 – 17:25

10:15 – 17:25

Warrants

TACT

10:15 – 17:25

Convertible Bonds

TACT

10:15 – 17:25

Government Bonds

TACT

9:30 – 17:25

Corporate Bonds

TACT

9:30 – 17:25

T-Bills

TACT

9:30 – 17:25

ETC**

TACT

9:45 / 10:15 – 17:25

Options

TACT

9:30 – 17:35

Futures

TACT

9:30 – 17:35

 

 

 

 

 

 

* Trading hours in the table are for Mondays to Thursdays. On Sundays trading ends one hour earlier.

** 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 - 1.19 NIS, maximum - 119 NIS.

Government Bonds:

Non-Linked Fixed Rate: 0.0010%, minimum - 1.78 NIS, maximum - 119 NIS.

Other types of Government Bonds: 0.0015%, minimum – 1.19 NIS, maximum – 119 NIS.

T-Bills & Commercial Securities: 0.0010%, minimum - 1.19 NIS, maximum - 119 NIS.

Corporate Bonds: 0.0027 %, minimum - 1.19 NIS, maximum - 119 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 : 25 %

Interest on CPI or FC Linked Bonds : 25 %

Interest on unlinked Bonds : 15 %

2013 Share ownership thresholds (%)

5%

Short selling (Yes / No)

Yes

Short selling conditions (if any)

Lending Agreement

Holiday
16th March
14th April
15th April
20th April
21st April
5th May
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4th June
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24th September
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16th October
This page was last updated on: 01/27/2014 - 12:26