Emerging Markets Rates and Currencies Handbook

151 Citi | Emerging Markets Currencies Handbook 2021 Israel Market opening hours and liquidity during the day 17.00 08.00 09.00 * USDILS is tradable after 1700 but liquidity is scarce. No Liquidity Moderate Liquidity Good Liquidity Fixing (incl. ticker) Main fixing rate for ILS is Bank of Israel official rate, fixing sampled between 13.15 — 15.15 local time, published at 15.25 local time Monday — Thursday. Fridays sample 10.15 — 12.15 and published at 12.25. Published on Reuters: ILS2= (the last quote is the recent published rate). Also available on BOI web site: boi.org.il. Regulation Offshore restrictions No restrictions. Non-resident restrictions No restrictions. License requirements Licensing requirement apply for financial services. Requirements to open a foreign currency account For sub account opening we require signed letter request to open an additional subaccount under the existing base. The letter should be signed according to customer BR by designate person that can sign on account opening docs. Deal Management Rollover: Permitted, gross or net settled. Unwinding: Permitted, gross or net settled. Early Maturity: Permitted, gross or net settled. Documentation Requirements Product specific Phone instructions for FX are granted only once person is authorized by counterparty board and scanned by BOI. Trade flows No local law documentation requirements. Capital flows/FDI No local law documentation requirements. Citibank, N.A., Israel Branch Azrieli Sarona Building, 121 Derech Begin, Tel-Aviv 6701203 FX Sales Contact: +972 3684 2525 Source: Citi indicative information FX Spot FX Forwards NDFs FX Options Interest Rate Swap Interest Rate Options XCCY swaps Market Overview Availability of the instrument Volume (MM USD daily) 1250 — 1750 750 — 1250 N/A 100 — 300 300-500 N/A 50 — 100 Max tenor (or typical tenor for spot) T+2 2 years N/A 3 years 30y 5 years (10y maturity for swaption underlying swap) 30 years Typical deal size (MM USD) 25 — 50 50 — 100 N/A 20 — 40 50 — 75 5 — 20 50 — 100 CitiFX Pulse Capabilities Note: Citigroup Inc. and any of its affiliates do not provide accounting, tax, or legal advice. Please seek advice from a relevant licensed advisor. Source: Relevant legislation, publicly available sources.