These Terms of Use were last modified on October 4, 2012.

Please read the following Terms of Use for Development Corporation for Israel’s website (hereinafter “website”). By accessing the website and any pages hereof, you are indicating that you have read, acknowledge, and agree to be bound by these Terms of Use. If you do not agree with these Terms of Use, do not access this website.

Before investing, please read the prospectus(es) carefully to fully evaluate the risks associated with investing in State of Israel bonds.


Development Corporation for Israel (hereinafter, “DCI”) owns and operates this website and reserves the right, at its discretion, to modify these Terms of Use at any time and any such modification will be effective immediately upon posting the modification. You should check these Terms of Use periodically for modifications. If you use the website after we post modifications to the website, then you will be bound by such modifications. DCI further reserves the right, without notice, to change, improve, or correct the information and materials on this website at any time.

These Terms of Use are in addition to any other agreements between you and DCI, including any customer or account agreements.

Unauthorized use of DCI’s website and systems, including, but not limited to unauthorized entry into DCI’s systems, misuse of passwords or misuse of any other information is strictly prohibited. You may not use this website in any manner that could disable, damage, impair, or overburden the DCI website.


Like other online e-commerce sites, we use cookies to enhance your experience while using the site. Cookies are small pieces of information that a website transfers to your computer's hard drive for record-keeping purposes. The use of cookies makes web surfing easier by performing certain functions in connection with your use of a particular website. We track the full Uniform Resource Locator (URL) clickstream to, through, and from our website, including on /Purchase5.aspx, including cookie number.
You may not use, store, display, modify, reproduce, publish, transmit, participate in the transfer or sale of, create derivative works of, distribute, publicly perform, publicly display, or in any way exploit any of the content or materials contained on the website in whole or in part. If you would like request permission to use any of the content on the website, please contact customer service.


None of the information contained in this website constitutes a recommendation or solicitation or offer by DCI to buy or sell bonds or other financial instruments or provide any investment advice or service. The information contained in this website has been prepared without reference to any particular vistor’s investment requirements or financial situation. Certain transactions give rise to substantial risk and are not suitable for all investors. Prior to the execution of any transaction by you involving information you received from this website, you should consult your business advisor, attorney, and tax and accounting advisors with respect to the price, suitability, value, risk or other aspects of any security or investment. You may also wish to consult with a registered representative of DCI through our Contact Us page. The information and services provided on this website are not provided to and may not be used by any person or entity in any jurisdiction where the provision or use thereof would be contrary to applicable laws, rules or regulations of any governmental authority or regulatory or self-regulatory organization or clearing organization or where DCI is not authorized to provide such information or services.


The information contained on this website is intended for individuals in the United States of America only. Nothing on the website shall be considered a solicitation to buy or an offer to sell a bond, or any other product or service to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction.


DCI grants you a limited, revocable, nonexclusive, nontransferable license to view, download, store, bookmark, download and print the pages within this website solely for your personal, informational, and noncommercial use or as expressly authorized by DCI in writing. DCI reserves all rights not expressly granted in these Terms of Use. Except as otherwise stated in these Terms of Use or as expressly authorized by DCI in writing, you may not:

  1. Modify, copy, distribute, transmit, post, display, perform, reproduce, license, publish, create derivative works from, broadcast, transfer, sell or exploit any reports, data, information, content, software, products and services or other materials on, generated by, or obtained from this website, whether through links or otherwise, (collectively “materials”);

  2. Redeliver any page, text, image, or materials on this website using framing or other technology;

  3. Engage in any conduct that could damage, disable, or overburden (i) this website, (ii) any materials or services provided through this website, or (iii) any systems, networks, servers, or accounts related to this website, including without limitation, using devices or software that provide repeated automated access to this website, other than those made generally available by DCI;

  4. Probe, scan, or test the vulnerability of any materials, services, systems, networks, servers, or accounts related to this website or attempt to gain unauthorized access to materials, services, systems, networks, servers, or accounts connected or associated with this website through hacking, password or data mining, or any other means of circumventing any access-limiting, user authentication or security device of any materials, services, systems, networks, servers, or accounts related to this website;

  5. Modify, copy, obscure, remove, or display DCI’s name, logo, trademarks, text, notices, or images without DCI’s express written permission.

  6. Include the term “Development Corporation for Israel,” “DCI,” “Israel Bonds,” “Jubilee Issue Bonds,” “Maccabee Bonds,” “Sabra Savings Bonds,” or “Mazel Tov Gift Bonds,” or any variation of the foregoing, as a meta-tag, hidden textual element, or any other indicator that creates an impression of affiliation, sponsorship or endorsement by DCI.



You expressly understand and agree that:

Your use of this website is provided on an “as is,” “where is” and “as available” basis. To the full extent permitted by law, DCI and its affiliates, directors, officers, employees, agents, licensors, and any vendors and third party providers disclaim all warranties, whether express or implied, including, without limitation, any implied warranties of title, merchantability, noninfringement, and fitness for a particular purpose, and all warranties regarding security, currency, correctness, quality, accuracy, completeness, reliability, performance, timeliness, or continued availability, with respect to (i) the website; (ii) any materials, products, or services available on or through the website; (iii) use of the website, materials, products, or services; and (iv) the results of the use of the site, materials, products, or services.

Further, DCI, the State of Israel and their affiliates, directors, officers, employees, agents, licensors, and any vendors and third party providers expressly disclaim all warranties with respect to any delays or errors in the transmission or delivery of any materials, products, or services available through this site.

DCI will not be responsible for any loss or damage that could result from interception by third parties of any information or services made available to you via this website.

Neither DCI, the State of Israel, nor any of their affiliates, directors, officers or employees, nor any third party vendor, will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this website, or resulting from the act or omission of any other party involved in making this website, the data contained herein or the product or services offered on this website available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials, whether or not the circumstances giving rise to such cause may have been within the control of DCI or of any vendor providing software or services.

This limitation on liability includes, but is not limited to, the transmission of any viruses which may infect a user’s equipment, failure of mechanical or electronic equipment or communication lines, telephone or other interconnect problems, unauthorized access, theft, operator errors, strikes or other labor problems or any force majeure. DCI does not guarantee continuous, uninterrupted or secure access to this website.


You agree to indemnify, defend and hold harmless DCI, its affiliates and officers, directors, employees and agents of DCI from any and all claims, liabilities, damages, losses or expenses, including attorney’s fees and costs, arising out of or in any way connected with your improper access to or use of this website or any violations by you of these Terms of Use.


All content and materials on this website, whether separate or compiled, including, but not limited to, text, graphics, audio clips, logos, buttons, images, digital downloads, data compilations, software, icons, html code and xml code, as well as all copyright, patent, trademark, trade dress, and other rights therein, are owned or licensed by DCI and protected by United States and international intellectual property laws. Unless otherwise specified, this website is for your personal and non-commercial use only and you may print, copy and download any information or portion of this website for your personal use only. Development Corporation for Israel, the DCI logo and other DCI trademarks and service marks referenced herein are trademarks and service marks of DCI. The names of other companies and third-party products or services mentioned herein may be the trademarks or service marks of their respective owners. Your are prohibited from using any marks for any purpose including, but not limited to use as metatags on other pages or sites on the Internet without the written permission of DCI or such third party, which may own the marks.


All content on this website is presented only as of the date published or indicated, and may be superseded by subsequent market events or for other reasons.


Links to third party websites are provided for customer convenience only. DCI does not endorse nor support the content of third-party links. DCI is not responsible for the content of a third-party website. By clicking on a third-party link, you will leave the DCI website. Privacy and security policies may differ from those practiced by DCI.


The rights granted to you herein terminate immediately upon any violation by you of these Terms of Use. DCI, in its sole discretion, reserves the right to temporarily or permanently terminate your access to and use of this website at any time for any reason whatsoever, without notice or liability. DCI will not be liable to you or any third party for any termination of your access to or use of this website.


If any provision of these Terms of Use is deemed unlawful, void or for any reason unenforceable, then that provision will be deemed severable from these Terms of Use and will not affect the validity and enforceability of the remaining provisions. These Terms of Use represent the entire agreement between DCI and the user relating to the subject matter herein, except to the extent that DCI enters into account agreements with its customers.


You acknowledge and agree that these Terms of Use shall be governed and construed in accordance with the internal laws of the State of New York, excluding conflict of law provisions thereof that would indicate the application of the laws of any jurisdiction and you hereby submit to exclusive jurisdiction in the federal and state courts of New York.