Questions and Answers on the Reporting Order
The report format is the same for everyone.
The reporting requirement applies to a portfolio manager, Tel Aviv Stock Exchange member, financial intermediary, nonresident, or foreign bank regarding its branches outside of Israel, any of whom carried out, whether on their own behalf or for others, foreign currency derivative trades in the preceding 12 months, at an average daily amount of at least $15 million.
The reporting requirement applies to banking corporations and foreign banks’ branches in Israel on a transaction of any value, without any threshold.
The reporting requirement applies on the execution of foreign currency transactions at an average daily amount of at least $15 million in the past year. From that point onward, the reporting requirement applies to all trades that are executed.
A banking corporation in Israel is to report regarding all its branches, including those abroad.
Subsidiaries abroad are to report in nonresident format, as they are separate legal entities.
A foreign bank is to report for all its branches abroad separately from its report for branches in Israel.
Yes. An empty file should be submitted.
Daily reporting is to include only Part A, with Part A(1) referring solely to foreign currency derivatives, and Part A(2) referring solely to index and interest rate derivatives.
Monthly reporting is to include Part A and Part B. Part A is to include transactions executed during the month, whether or not they were closed out. Part B is to include the value of transactions that have not yet been exercised or reached their termination date.
The two parts are to be reported in one file. Similarly, Part A and Part B of the monthly report are to be reported in one file.
In the daily report, all the transactions executed—whether they were reached their termination date or not—are to be reported. In addition, transactions that were recorded or set up during that day, are to be reported, even if they were executed on a previous day.
The key fields are Field 4 (Identifier of reporting counterparty), Field 9 (Execution timestamp), Field 10 (Event type), Field 12 (Unique transaction identifier—UTI), and Field 13 (Record number).
Report the email address of the reporting company’s contact person, who can be contacted for clarification regarding the report.