Stock Loans Against Israel-Listed Equity
Institutional securities-backed lending against shares listed on Tel Aviv Stock Exchange — for controlling shareholders, founders, and family offices holding positions on the ISA-regulated Israel market.
About Tel Aviv Stock Exchange.
Tel Aviv Stock Exchange is the principal cash equity venue of Israel. Established in 1953, it operates today under the regulatory oversight of the Israel Securities Authority (ISA). The exchange’s principal indices are TA-35, TA-125, TA SME 60. Listing standards and continuing obligations are codified in the TASE Rules and Regulations; Israeli Securities Law.
The principal Israeli equities venue, with a substantial overlap with US-listed dual-listed Israeli technology and biotechnology issuers. The dual-listing regime materially affects structuring for technology positions.
The exchange operates the following segments: Main Market; TASE UP (smaller issuers); dual-listing arrangements. Each segment imposes its own listing standards and continuing obligations, which interact with the firm’s eligibility analysis for institutional positions.
What qualifies on TASE.
TASE is among the deepest cash equity pools in the world. Eligibility analysis for institutional positions on TASE is principally a function of single-stock factors — free float, average daily trading volume, shareholder concentration, and the specific shareholder’s regulatory profile — rather than market-level liquidity constraints.
For any specific position on TASE, the firm’s eligibility review addresses: free float and average daily trading volume relative to the contemplated pledge size; the shareholder’s status (controlling shareholder, substantial shareholder, director, or otherwise) and the resulting disclosure profile; the issuer’s sector and the segment in which it is listed; any concurrent regulatory considerations (takeover-code mechanics, foreign-ownership caps, regulated-industry restrictions); and the specific structuring requirements of the contemplated transaction (LTV, tenor, currency, recourse profile, custody arrangement).
Indicative terms for a TASE-listed position are issued only after a review of the specific position. A published rate sheet is not used; the discipline of the structuring is itself the value.
Framework cited on TASE.
The principal regulatory reference on TASE is Securities Law. Operational mechanics, reporting levels, step thresholds, and per-transaction interpretation are governed by the underlying rules and the relevant national-law overlays. These are mapped against any contemplated transaction at the structuring stage in coordination with the borrower’s chosen counsel.
For controlling shareholders, directors, and other regulated holders, additional regimes apply on TASE — including the takeover-code mechanics of the Israel market, insider-dealing rules under the ISA framework, and listing-rule restrictions on dealings during defined windows. The disclosure footprint of any contemplated transaction is mapped at the structuring stage; sequencing, language, and concurrent regulatory communications are managed accordingly.
References above are public regulatory citations published for information only. They are not legal advice. The primary sources — the TASE Rules and Regulations; Israeli Securities Law, the Israel Securities Authority rulebook, and applicable statutory instruments — should be consulted directly. Each enquirer should obtain independent legal advice in the relevant jurisdiction for any specific transaction.
The route to a TASE stock loan.
The firm’s engagement model is consistent across markets: five disciplined stages from confidential enquiry to capital deployment, with senior principals throughout. For TASE-listed positions, the structuring stage addresses the market-specific factors above — settlement under the TASE conventions, custody arrangements with an Israel-qualified custodian, ILS-denominated and cross-currency options, and disclosure timing under the ISA regime.
What people most often ask about TASE.
Q · 01 What is the typical loan-to-value for a stock loan against TASE-listed positions?
Q · 02 Which TASE-listed segments are eligible for stock loans?
Q · 03 In which currency can a TASE stock loan be denominated?
Q · 04 Are there foreign-ownership constraints on TASE-listed shares relevant to a pledge?
Countries adjacent to Israel.
A specific Israel position to discuss?
Submit a confidential enquiry. A senior principal will respond within one business day.