This enables a comprehensive overview of open positions and the corresponding exposures arising from OTC derivatives transactions. There is a longer-term trend towards global and offshore financial market infrastructures which is linked to the economies of scale inherent in network industries and intensified by the introduction of mandatory clearing for OTC derivatives.
In addition, the note with the smallest value is the NIS 20, and it is quite a long time since the NIS 10 note was replaced by a coin.