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MIZRAHI TEFAHOT TRUST COMPANY LTD

The trust company of the Mizrahi-Tefahot Group is among Israel's leading trust companies. The company offers a broad range of services in all areas of trust business, including tailoring of any required trust transaction to your specific needs.
The company is wholly owned and controlled by Mizrahi-Tefahot Bank Ltd.

Advantages of affiliation with a banking institution:
  • Possibility to integrate the trust services together with all the banking services
  • Possibility to create trusts for especially extended timeframes
  • Strict control and supervision
  • Insurance of the trust company's activities under the banking group's insurance policies


What Is a Trust?

A trust is a relationship to an asset by virtue of which a trustee is obligated to hold or act with the asset in the interest of a "beneficiary" or for some other purpose (Section 1 of the Trust Law, 5739-1979).
The trust instrument enables the asset to be transferred to the trustee, who must act with the asset in the interest of the creator of the trust or a third party.
The trustee undertakes to hold the asset and to use it in compliance with the terms of the trust as established in an agreement and/or in the provisions of the law, and in keeping with the purposes of the trust.

Services of the Trust Company

Legal Trusts
   
  • Mutual fund trust – The company specializes in all aspects of mutual fund trusts. Our services in this area include: control, auditing and supervision of activities with assets of the mutual fund; examination and approval of publications by fund managers; review of prospectuses and financial statements, etc. – all in accordance with the provisions of the Joint Investment Trusts Law 5754-1994.
  • Bond trust – The company provides diverse services for privately and publicly issued bonds, in accordance with the provisions of the Securities Law 5728-1968,  from  the stage of preparation of the trust indenture and arrangement of the issue vis-à-vis the Securities Authority through to the full repayment of the entire bond series.
  • Lockup of shares – The company holds lockup shares to ensure the compliance of stakeholders in public companies with the requirements of the Tel- Aviv Stock Exchange ltd. during a public offering.  The company releases the lockup shares directly into the account of the creator/beneficiary.
  • Insurance agencies – The company acts as a bank account trustee on behalf of insurance agencies, in accordance with the guidelines and rules in the Capital Markets, Insurance and savings Commissioner's circular of December 29, 2011 dealing with "Contracting by an Institutional Entity with a License Holder."

Additional Trusts According to the Customer's Requirements, Subject to the Provisions of the Trust Law and other Statutes
  • Escrow agreements – The trust company serves as an escrow agent in commercial transactions, acting with the assets that have been deposited with it in accordance with the provisions of the escrow agreement, while monitoring compliance with the terms of the commercial transaction.

We accept and hold in escrow: funds, securities, deposits, powers of attorney, documents and other assets.
Note that all trusts are subject to the provisions of the governing law in Israel, and performance of the trust is subject to the individual trust agreement signed between the trust company and each customer.


Contact and Public Inquiry Channels

Telephone:  03-5630733, Sunday through Thursday, from 10:00 a.m. to 4:00 p.m., Yonatan Rothem, Chief Operating and Control Officer
Fax: 03-5630752
Letters: 123 Hachashmona'im St., Tel Aviv 67133
 
 
 
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