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As of March 18th 2012, The Tel Aviv Stock Exchange Clearing House Ltd (TASE-CH) clears stocks and trust funds' units on the T+1 day hence completing the transition to T+1 clearing with all securities at TASE-CH (instead of on the T day – the transaction date). This action follows other measures taken by the TASE to fortify the stability of its Clearing House.
The change is the last step towards an inclusive transition to T+1 DVP (Delivery Versus Payment) clearing and settlement, in which buyer and seller transfer money and securities at the same time, keeping up with the standard practice at the most advanced clearing houses worldwide.
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