(13:30) Details of Sharm e-Sheikh cease-fire agreement

United States President Bill Clinton has successfully squared the circle in getting the Israel and Palestinian sides to agree cease-fire terms in the Egyptian resort of Sharm e-Sheikh.

Here are the major points agreed upon:

Both sides will act immediately to calm the situation.

The two leaders accept that there will be an immediate cease-fire and a pullback of Israeli forces to their positions prior to the latest wave of violence.

Israel's closure of all Palestinian autonomous areas is to be immediately rescinded.

Israel has agreed to the re-opening of Dahaniyie Airport in Gaza.

The US will lead a fact-finding committee to the region to investigate Palestinian claims of Israel human rights abuses with results to be published under US Presidential auspices. Consultations will also be made with United Nations Secretary General Kofi Annan.

There is to be a resumption of peace-making efforts efforts and to this end the US will consult with Israel and the Palestinians over the course of the next two weeks.

There was no mention of Israeli demands that the Palestinian Authority restrain or disarm the 'Tanzim' Fatah brigades.

The Israeli delegation is holding a press conference at this hour details of which shall follow.