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ZAHAV

RTGS

Zikkaron Heshbonot Vehaaavarot - Israel's RTGS for large-value and urgent ILS payments. Launched July 2007. Operated by Bank of Israel. Settles individual transactions in real-time with finality. Uses SWIFT interface. Operating days: Sunday-Thursday (Israeli business week).

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether ZAHAV is running normally.

Next

Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for ZAHAV.

ClearingPost holds sourced upcoming items for 10 of 150 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Changed

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

No substantive change recorded for ZAHAV in ClearingPost's change records.

The full activity log for this system, including context notes, is on the Changes page.

Sources ClearingPost reads Bank of Israel · Authoritative (T1) · 8 of 12 fields carry a source and a recorded date · latest sourced entry recorded 15 Mar 2026 · evidence details ↓

Record · ZAHAV

Country
Israel (IL)
Currency
Israeli New Shekel (ILS)
Operator
Bank of Israel
Type
RTGS
Operating Window
05:00–16:00 UTC · Sun–Thu
Year Established
2007
Daily Volume
High-value ILS transfers
Tier?
Tier 2
ISO 20022?
Native
Region
Middle East & Africa
Settlement Type?
Gross
Participants
22 (13 banks, 6 clearing houses, 3 non-banks)
Availability
Sun-Thu
Notes

Israel's operating days follow the Israeli business week (Sunday-Thursday). ZAHAV settles net obligations from MASAV (ACH/instant) and Shva (card clearing). ISO 20022 adoption aligned with SWIFT migration. 99.988% availability (2018-2020). Non-bank entities eligible for direct participation since 2023. No minimum transaction amount.

Reference Sources
Bank of Israel
Authoritative (T1)Entry recorded Mar 12, 2026

Operations · ZAHAV

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Intelligence for ZAHAV (1)

Coverage whose headline or summary names ZAHAV, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the ZAHAV operator or external.