Graphic Strip - Membership Rules & Regulations

Membership Rules & Regulations

 
Please note that the Rules and Regulations Guides displayed herein may not be up-to-date. To verify the actual date a Guide was last updated please check under the link "date and update" of the relevant Guide. It ​should be noted that certain amendments of the Rules and Regulations might have not yet been incorporated in the displayed Guides.

This is not an official translation and has no binding force. Whilst reasonable care and skill have been exercised in the preparation hereof, no translation can ever perfectly reflect the original. In the event of any discrepancy between the original Hebrew and this translation, the Hebrew alone will prevail. The reader is therefore warned to take proper professional advice before acting further hereto, as neither The Tel-Aviv Stock Exchange Ltd. nor the translators assume any liability for accuracy hereof.

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The maximum value for collateral purposes

​​The maximum value for collateral purposes of bonds issued by the State of Israel and bonds of the short-term loan type ("Makam") is set according to the methodology set by the TASE Board of Directors. The Values are based on a VaR (Value at Risk) model, in addition were observed extreme cases scenarios which have occurred in the Israeli economy over the past 15 years, that have had an impact on the capital market prices.