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Euroclear Bank to join Tel Aviv Stock Exchange as custodial member

Euroclear Bank SA/NV will become the first financial institution to join The Tel-Aviv Stock Exchange Ltd. as a custodial member, which will allow the Belgian company to directly access the exchange without engaging in any trading activity.

The membership, which has been approved by the exchange, will also enable Euroclear Bank to provide settlement and asset services for domestic Israeli securities.

The membership will take effect in September, according to Reuters.