Member Exchanges

Irish Stock Exchange

www.ise.ie  
Tel : 353 1 617 4200
Fax : 353 1 677 6045

 

Representatives

Chairman : Mr. Padraic O'Connor

Chief Executive : Mrs. Deirdre Somers

2010 holidays

January - 1  |  April - 2, 5  |  May - 3  |  June - 7  |  December - 24*, 27, 28, 31*

  • * - Half trading day (Short trading day)   |
  • ** - To replace a public holiday that falls on a Sunday   |
  • *** - Close early   |
  • **** - Will close at 1.00pm
  • ο - Subject to the appearence of the moon   |
  • † - Subject to change   |
  • (I) - Weekends in Iran : Every Thursday & Friday
  • (II) - Weekends in Israel : Every Friday & Saturday   |
  • (III) - In Malaysia, Saturday & Sunday are non-trading days

Types of Securities TradedName of Trading Systems (cash and derivatives)Trading Hours
Equities, ETFISE Xetra6:30 - 17:15
Irish Government BondsEuroMTS and MTS Ireland8:00 - 16:30

Supervisory Body

The Financial Regulator which is part of the Central Bank and Financial Services Authority of Ireland.

EuroMTS Limited, the company which manages the MTS system, is regulated by the Financial Services Authority in the UK.

Name of Clearing & Settlement Organization

Securities trading on ISE Xetra are settled in Euroclear UK & Ireland and cleared by Eurex Clearing AG.

Trading on EuroMTS in Irish Government Bonds, is settled via Euroclear bank Brussels and clearstream banking Luxembourg. LCH Clearnet Ltd is available as a couterparty.

Settlement Cycle

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 irish Government Bonds, the CSD is Euroclear Bank

Commissions on Transactions levied by Exchange

There is 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.

2008 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)

Yes

Short selling conditions (if any)

Prohibited in relation to Irish bank stocks since 19 september 2008 by the Financial Regulator.