SUMMARY OF SPECIAL COLLECTIVE AGREEMENT

SUMMARY OF SPECIAL COLLECTIVE AGREEMENT WITH EMPLOYEES                EXHIBIT 4.6

     On December 26, 2002, a collective agreement was signed between us, the

General Federation of Labor and our employee committee, which applies to those

of our workers to which collective agreements apply (and not to those who are

employed on personal employment contracts). The contract was for a three year

period, and can be extended for an additional year. The contract established,

among other things: 1) the right of management to terminate the employment of

employees within the framework of the reduction of our banking services, and the

termination procedure; 2) the special benefits and payments to which an employee

is entitled if terminated, including additional severance payments beyond those

set by law and the conversion of the right to addition