In addition, TASE operates a live wireless back-up communication network. The TASE -CH DR site is located 35 km from Tel Aviv. TASE conducts real-time, on-line back-up of all relevant data to the DR site. All TASE members maintain a live connection to the DR site.

ICL, a global manufacturer of products based on unique minerals : ICL

TASE-CH was established in as a private limited liability not-for-profit company. In September , TASE-CH became a fully-owned subsidiary of the Tel Aviv Stock Exchange Ltd TASE with independent capital. While formally a separate entity — functionally, TASE-CH is an integral part of the TASE.

TASE-CH is supervised by the Israel Securities Authority ISA. TASE-CH serves as a central counter-party for all TASE transactions and is a member of the Global Association of Central Counterparties CCP TASE-CH has maintained Qualified Intermediary QI status with the U. Internal Revenue Service since TASE-CH membership is comprised primarily of TASE members: The 6 TASE members, which are not members of TASE-CH , employ a TASE-CH member to clear their transactions on their behalf.

For additional information, see TASE-CH Bylaws, Part One, Chapter Two: Rating Thomas Murray Limited has assigned an Overall Central Securities Depository risk rating of TASE-CH. The rating is a weighted average of six different risk components: Services The TASE-CH provides the following services to the capital market through its members: Clearing and Settlement of Transactions TASE-CH clears all securities transactions executed on TASE and MTS Israel, alongside off-floor block trading transactions.

It transfers the securities from the seller to the buyer, and transfers the monetary consideration from the buyer to the seller.

In order to reduce risk for both buyer and seller, TASE-CH acts as a central counterparty CCP , assuming the risk that one of the parties may not fulfill its part of the transaction. The systems communicate through SWIFT messaging to enable fully automated movement of cash, and bonds currently limited to Israel government bonds and T-Bills "MAKAMs". During trading days, three settlement "windows" are opened 9: During Fridays two settlement "windows" are opened 9: For additional information, see the TASE-CH Bylaws, Chapter Nineteen: Providing Clearing Services for Transactions Carried Out on the MTS System.

The majority of most issues are held by the nominee companies on behalf of TASE-CH. TASE-CH registers the securities in the name of the Nominee Company to the credit of its members. Bank Leumi Le-Israel Ltd. Israel Discount Bank Ltd.

Israel Corp

The Bank of Israel serves as the central depository for T-Bills MAKAM , while the Ministry of Finance fulfills this function for government bonds.

Securities are then held in the name of participants and their nominees in the books of TASE-CH.

Aussies visit Israel to drum up listings on securities exchange | The Times of Israel

The nominee concept is recognized in Israeli law and permits the underlying investor to be both legal and beneficial owner of securities. Shares not registered in the name of a designated Nominee Company cannot be traded on TASE.

Deposited securities cannot be used to cover sales until the issuer has confirmed registration of the shares. Custody services include the following, among other things: Payment of dividends, interest, benefits, etc.

Management of corporate action transactions between TASE-listed companies and TASE-CH members — exercise of warrants, rights, etc. For additional information, see: Securities Registration Procedures at Nominee Companies and at the Clearing House Chapter Eleven: Designating a Coordinating Bank Central Counterparty CCP TASE-CH acts as settlement guarantor for TACT and as central counterparty for MTS-Israel transactions, including custodian transactions. TASE-CH does not act as central counterparty for off-exchange block transactions.

For additional information, see Part One, Chapter Three: The Clearing House Risk Fund. When receives a REPO transaction TASE-CH, its balance and first leg is cleared in the first cycle on the following business day.

For additional information, see Chapter Nineteen "A": Providing Clearing Services for Repo Transactions Carried Out on the MTS System. Mutual Funds TASE-CH handles orders to issue and redeem the units of open-end mutual funds and provides clearing and custody services for these units.

For additional information, see Chapter Twelve: Mutual Investment Trust Funds. Non-listed Securities TASE-CH provides clearing and custodial services for securities issued to institutional investors in private placements, which are not listed for public trading on the TASE, similar to the clearing services provided to listed companies. Clearing Securities Not Listed for Trading on the Exchange NLT.

TASE-CH is a participant in the U. The link is used to facilitate the settlement and payments of Israeli firms' dual-listed securities.

Tel-Aviv Stock Exchange (TASE) Holidays | StockMarketClock

The transfer of dual-listed securities through the DTC account enables expedient, inexpensive, quick and efficient automated transfers. Clearing Israeli DCS Which are Deposited with the DTC. TASE-CH operates the BOI Intraday Credit System ICS , which provides liquidity to the Israeli banking system. Part Two, Chapter 9: Exercise of Rights Attached to Securities Part Two, Chapter Convertible Securities Part Two, Chapter Providing Operating Services for the Collateral System of the Bank of Israel Part Two, Chapter Providing Operating Services for the Ministry of Finance Lending Facility.

Security Company Popular Symbol ISIN Index Derivative Mutual Fund.

The TASE Clearing House. Derivatives MAOF Clearing House. Clearing Services for Dual-listed Shares. Thomas Murray Limited has assigned an Overall Central Securities Depository risk rating of TASE-CH. The TASE-CH provides the following services to the capital market through its members: Clearing and Settlement of Transactions.

TASE-CH clears all securities transactions executed on TASE and MTS Israel, alongside off-floor block trading transactions. Designating a Coordinating Bank. TASE-CH acts as settlement guarantor for TACT and as central counterparty for MTS-Israel transactions, including custodian transactions. TASE-CH handles orders to issue and redeem the units of open-end mutual funds and provides clearing and custody services for these units. TASE-CH provides clearing and custodial services for securities issued to institutional investors in private placements, which are not listed for public trading on the TASE, similar to the clearing services provided to listed companies.