Creation Link Guide - Israel

15.01.2015

Key features

Yes/NoRemarks
Settlement free of paymentYes 
Settlement against paymentYesEligible settlement currency: Israeli Shekel (ILS).
Bridge settlementNoIsraeli domestic securities are not Bridge-eligible.
Shaping facilityNo 
Partial settlementNo 
Settlement penalty feesYesRefer to the Market Profile.
Pre-matchingYes 
Back-to-back processingNo 
AllegementsNo 
Automatic compensationNoRefer to Entitlement Compensation Rules.
Registered securitiesNo 
Multi Market SecuritiesYesRefer to the Multi-Market Securities Guide.
Lending and borrowingNo 
Proxy votingYes 
Investment FundsNo 
Liquidity Hub ConnectNo 
Sale and purchase of rightsNo
Repo servicesYesCBL Internal.
Market restrictionsYesRefer to Investment Regulation.
FTTNo 
FATCA GIINYesNXUTG8.00000.BR.376
Type of linkCSD or settlement method
Indirect link, via participant securities account opened at the CSD by Citibank N.A. Tel Aviv aTel Aviv Stock Exchange Clearing House (TASE-CH).

a. Hereinafter referred to as Citibank Israel.