Custody/clearing  
BANK LEUMI LE-ISRAEL    
 
 
ISRAEL - Capital Market Infrastructure Summary

Central Securities Depositories
TASE Clearing House Ltd
MAOF Clearing House Ltd.

Settlement Cycle
T for Equities
T+2 for Equities: non-resident investors
T+1 for Bonds and Treasury bills

Comment
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 facilit


Key terms defined in our glossary:

Central Securities Depository
Settlement Cycle

 
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.