Regulatory Filings • Dec 21, 2025
Regulatory Filings
Open in ViewerOpens in native device viewer
Company registration number: 510706153
| To: | Israel Securities Authority | |
|---|---|---|
| To: | Tel Aviv Stock Exchange Ltd. | |
| Form No.: T121 (Public) | Sent via MAGNA: 21/12/2025 | |
| Israel Securities Authority website: www.isa.gov.il | Tel Aviv Stock Exchange website: www.tase.co.il | |
| Reference: | 2025-01-101393 |
Note: This form should not be used if there is a form tailored for the event being reported.
This reporting form is intended for material reports for which there is no suitable dedicated form.
The results of an issuance should be reported in T20 and not on this form.
Reporting ratings of BONDS or corporate ratings must be submitted via form T125.
Signing an agreement with Mastercard Europe SA
Reference numbers of previous reports on the subject: _________, _________, _________
[Continuation of the report text]
This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
Further to Section 1.6.1(a) of the Board of Directors' report of ISRACARD LTD (the "Company") and its consolidated companies for 2024 (as published on March 12, 2025 (Reference No.: 2025-01-016300)), and the Company's immediate report dated November 19, 2025 (Reference No.: 2025-01-088836), regarding principal understandings between the Company and Mastercard Europe SA ("MC") that will apply retroactively from January 1, 2025, and will be in force until December 31, 2029, to regulate the commercial settlement method between the parties, the Company hereby updates that on December 18, 2025, the parties signed an updated agreement as stated (the "MC Agreement").
The terms of the MC Agreement are consistent with the principles detailed in Section 1.6.1(a) of the Board of Directors' report regarding agreements between the parties from 2013 and 2019.
According to the Company's assessment, the MC Agreement is expected to lead to a reduction in the "Payments to International Credit Card Organizations" item in the Company's annual financial statements throughout the term of the MC Agreement (to a nonmaterial extent of approximately 2% to 3% of the Company's annual operating expenses), compared to the level of payments that would have occurred if the parties had continued to operate under the previous agreement (while neutralizing additional effects on this item resulting from increases/decreases in credit card purchase and clearing volumes of the group in Israel and abroad, and in the international organizations' rates). The above assessment constitutes "forward-looking information," as this term is defined in the Securities Law, 1968, and is based, among other things, on the terms of the MC Agreement, and on the Company's management's estimates and forecasts in relation to the expected credit card purchase and clearing volumes by the group in Israel and abroad during the years of the agreement. Such estimates and forecasts may be realized differently, including materially, from what was estimated or expected, as a result of various factors that are not necessarily under the Company's control, including suboptimal assessments, changes in the scale of the Company's activities in the credit card sector, which may also be affected by changes and trends in the Company's operating markets, as well as the realization of any risk factors that apply to the Company as listed in its periodic reports.
| Attached file: | |
|---|---|
| The company is not a shell company as defined in the Stock Exchange's regulations. |
Date the corporation first became aware of the event:
| # | Name | Role | Extended Role Description |
|---|---|---|---|
| 1 | Yonatan Regev | CFO (Chief Financial Officer) | |
| 2 | Noa Naveh | Other | VP, Chief Legal Counsel |
According to Regulation 5 of the Periodical and Immediate Reports Regulations (1970), a report submitted according to these regulations shall be signed by those authorized to sign on behalf of the corporation. The staff's position on this topic can be found on the authority's website: Click here
Previous reference numbers for documents on the subject (the mention does not constitute inclusion by reference):
Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange
Short name: ISRACARD
Address: Bar Kokhva 12, Bnei Brak; P.O. Box 2025, 5112001
Phone: 03-6895166
Fax: 03-6895374
Email: [email protected]
Company website: http://digital.isracard.co.il
Electronic Report Signatory: Carmon Nir
Position: Chief Accountant
This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
Employing Company: [blank]
Correspondence address: Bar Kokhva 12, Bnei Brak P.O. Box 2025, 5112001
Phone: 03-6895556
Fax: 03-6895242
Email: [email protected]
Note: There were no images in the original document.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.