• Israel

1 Country overview

MTS provides the wholesale electronic trading system for Israeli fixed income government bonds.

MTS is the reference secondary market for Shekel denominated Israeli government bonds. All current benchmark bonds are listed on the platform.

Following the introduction of the Israeli primary dealership programme, 14 domestic and international primary dealers committed to quote on a continuous basis all listed securities issued for amounts greater than or equal to ILS 2 billion.

2 Instruments

For a full list of available instruments, click here.

2.1 Minimum lots

Orders may be submitted for the following quantities:

ILS 1 million

Odd lots of ILS 0.5 million with manual matching subject to market makers acceptance

3 Participants

For a list of participants, click here.

4 Market Hours

Market Hours (Israel time)

Pre-Market: 9:00am – 9:30am

Pre-Open Market: 9:30am – 9:45am

Market Open: 9:45am

Market Closed: 5:30pm

5 Settlement

Trades on Israeli Government bonds settle at Tel Aviv Clearing House (TACH) that acts also as Central Counterparty. MTS sends Swift settlement instructions on behalf of both participants to TACH. MTS participants must hold a securities account at TACH directly or indirectly through a custodian.

The settlement cycle is T+1. The settlement calendar follows the local business calendar, skipping -settlement date on Israeli public holidays which are not settlement days.

6 Market Data

Click to view report:

Daily bulletins

6.1 Password protected

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Participant statistics