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Middle East & Africa Block Trades ISA ILS

Israel Block Trade on TASE

Block-trade financing and discreet execution for large lines of shares listed in Israel — for sellers and acquirers who need to move size without disturbing the order book or the price.

01 · Process
How it works

From enquiry to print.

StageWhat happensTiming
01Confidential enquiryThe line, the holding and the objective, shared through a secure channel.Day one
02Pricing the blockThe line is sized and a price set against it; any discount reflects size and liquidity.1–2 days
03Execution & printWorked off the order book or negotiated, then printed under the exchange’s block-trade rules.On the day
04Settlement & disclosureSettles on the standard cycle; any substantial-holding disclosure is sequenced around the print.T+1 / T+2
02 · The Market
Middle East & Africa

Israel equity markets.

An Israeli block trade moves a large line of TASE-listed stock in a single negotiated transaction — off the order book, at an agreed price — so a holder can exit, or an acquirer build a position, without walking the screen. Black Haven can take the line onto its own book, giving the seller a clean, priced exit while the interested-party disclosure that follows a substantial transfer is managed around the print.

TASE runs a dedicated block-trade facility, approved by the Israel Securities Authority and live since November 2024, which lets a pre-arranged transaction print in a way that precludes price impact and information leakage; the trade moves the security’s turnover but not its last price. Off-exchange trades can alternatively be agreed bilaterally and reported to the TASE Clearing House through members. Size is measured against the daily turnover of the name — comfortable in TA-35 liquidity, more demanding in TA SME 60 and TASE UP lines. Where the transfer crosses the 5% interested-party line, the notification to the company, TASE and ISA is sequenced around the print, and shares settle T+1.

Israel block trades at a glance:

Listed venueTel Aviv Stock Exchange (TASE)
RegulatorIsrael Securities Authority (ISA)
CurrencyILS
SettlementT+1
Disclosure threshold5%
Principal indicesTA-35, TA-125, TA SME 60
StructureOff-market or negotiated-price

Regulatory references are published for general orientation and are not legal advice.

04 · FAQ
Israel · Block Trades

What holders ask about Israel.

01Does a block trade in Israel have to be disclosed?
The print itself clears through the exchange or, off-market, is reported to the TASE Clearing House through members. Separately, if the transfer takes a party across the 5% interested-party threshold — or changes an existing interest — that is reportable under the Securities Law to the company, which notifies the TASE and the ISA, generally within one trading day. Black Haven sequences the notification around the trade.
02How large a line can Black Haven take in one trade?
It depends on the name’s daily turnover and free float. TA-35 and TA-125 constituents absorb a large block comfortably; TA SME 60 and thinner TASE UP lines are taken more selectively, often with the position worked down over time. Black Haven can take the line onto its own book for a clean priced exit, then manage the disclosure and any residual position itself.
03How do you execute an Israel block trade?
We work the line off the order book, off-market or at a negotiated price, and the block is then printed to Tel Aviv Stock Exchange (TASE) under its block-trade rules. Black Haven Investments can take all or part of the risk on the line, so the seller achieves a clean exit at an agreed price.
04How large a block can you handle in Israel?
It depends on the stock’s free float, daily traded volume and volatility. We assess each line on its merits and indicate a workable size and price range after reviewing the position.
05Does the block trade have to be disclosed?
Often, yes. A substantial transfer by a significant shareholder is generally disclosable under the relevant regime overseen by ISA. We manage the sequencing and wording of any required notification around the trade.
06Can you finance the buyer of the block?
Yes. A block can be paired with a stock loan to the acquirer, so the newly acquired Israel-listed line serves immediately as collateral for the financing that funds it.
07What is the settlement cycle for an Israel block trade?
The negotiated block is printed to Tel Aviv Stock Exchange (TASE) under its block-trade rules and then settles on the standard T+1 cycle. We coordinate the print, the settlement and any financing legs so the line moves cleanly.
08At what level must a block be disclosed in Israel?
The principal threshold is 5%, under Securities Law overseen by ISA. A crossing by a substantial holder is notifiable; we sequence the print and the notice.
09Can you execute a block for a foreign or offshore seller?
Yes. The line is held with a qualified custodian and the block printed to Tel Aviv Stock Exchange (TASE); we manage cross-border custody, settlement and the disclosure that attaches to a substantial transfer.
10How quickly can a Israel block be executed?
It depends on the stock’s liquidity and the size of the line relative to daily volume. Once mandated, many blocks are worked and printed within days; thinner lines are paced to limit market impact.
05 · Adjacent Markets
Middle East & Africa

Countries adjacent to Israel.

Saudi Arabia · United Arab Emirates · South Africa · Qatar · Kuwait · Egypt · Nigeria

All countries →

A particular Israel holding to talk through?

Send a confidential enquiry, and a senior principal will reply within one business day.