In order to advance this, an appropriate legal, tax, regulatory, and accounting infrastructure  for carrying out securitization transactions in Israel needs to be set up. As I have mentioned in the past, another area in which the Bank of Israel is working to develop and institutionalize is the Telbor interest rates as benchmark rates for shekel interest.
These interest rates allow the use of not only a fixed nominal interest rate or daily variable rate, but also an interest rate that changes over longer and predefined periods of time. They make up an important and central pillar in capital markets around the world, and with their help it will be possible to increase the financing possibilities for the business sector.