FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: Li,t
Italian: Calcolo dei margini di variazione L’ammontare complessivo delle attività idonee J (per j = 1 a J; valore Cj,t al tempo t) che una controparte deve fornire per una serie di operazioni di credito I (per i = 1 a I; ammontare Li,t al tempo t) è determinato dalla seguente formula: Σi=1 I
English: ≤Σj=1
Italian: Li,t
English: Cj,t
Italian: 1–hj
English: Mt+τ
Italian: In un sistema di pooling, la controparte deve versare attività aggiuntive nel pool se:
English: –Σj=1
Italian: Li,t+τ
English: >k·Li,t+τ
Italian: Mt+τ
English: <–k·Li,t+τ
Italian: Mt+τ
English: IDC=–Mt+τ
Italian: Per contro, l’ammontare di credito infragiornaliero disponibile (CID) in un sistema di pooling può essere indicato come segue:
Slovenian: PDC=–Mt+τ
English: The correspondent central banking model is illustrated in Chart 3 below. CHART 3 The correspondent central banking model
Italian: Alle attività non negoziabili viene assegnato un valore corrispondente al prezzo teorico o al capitale nominale in essere.
English: Information on collateral Credit
Italian: Oltre al CCBM, si possono utilizzare per il trasferimento transfrontaliero di attività negoziabili [94] i collegamenti tra gli SSS.
English: Custodian Transfer instructions
Italian: Il modello di banche centrali corrispondenti è illustrato nella figura 3.
English: on an omnibus account
Italian: un conto presso SSS B
Latvian: VNS B apvienotajā
English: rate of remuneration on holdings of required reserves for the maintenance period t. Standard rounding of the rate of remuneration to two decimals shall be applied.
Italian: tasso di remunerazione della riserva obbligatoria per il periodo di mantenimento t. Il tasso di remunerazione è arrotondato ai primi due decimali.
Swedish: r t
Polish: r t
English: The relevant national central bank may specify an earlier date as a time limit for the notification of minimum reserves. It may also specify additional time limits for the institution to notify any revisions to the reserve base, and any revisions to the notified minimum reserves.
Italian: La banca centrale nazionale può anticipare il termine per la notifica dell’obbligo di riserve minime; può inoltre indicare ulteriori termini per la notifica di eventuali variazioni dell’aggregato soggetto a riserva o della riserva obbligatoria.
English: First, it is assumed that the transactions are carried out with a national central bank using a system where underlying assets are earmarked for each transaction. The valuation of underlying assets is carried out on a daily basis.
Italian: In prima ipotesi, si assume che le operazioni sono svolte con una banca centrale nazionale che utilizza un sistema nel quale le attività sottostanti sono direttamente collegate (earmarked) a ciascuna operazione e vengono rivalutate su base giornaliera.
English: Lower trigger amount Upper trigger amount
Italian: Limite superiore del livello di attivazione
English: This day-count convention is applied in Eurosystem monetary policy operations. American auction: see multiple rate auction.
Italian: I servizi di corrispondenza sono caratteristici delle relazioni tra banche di paesi diversi, ma sono noti anche come rapporti di agenzia in alcuni contesti domestici.
Slovenian: Avkcija z enotno obrestno mero (avkcija nizozemskega tipa): avkcija, v kateri je dodelitvena obrestna mera (ali cena/swap točke), uporabljena za vse sprejete protiponudbe, enaka mejni obrestni meri.
Lithuanian: ŽODYNĖLIS
English: See also dematerialisation. Central securities depository (CSD): an entity which holds and administers securities or other financial assets, holds the issuance accounts, and enables transactions to be processed by book entry.
Italian: Asta a tasso fisso [fixed rate tender]: procedura d’asta in cui il tasso di interesse viene preventivamente fissato dalla banca centrale e le controparti partecipanti indicano l’ammontare di fondi che intendono negoziare al tasso di interesse stabilito.
English: European System of Central Banks (ESCB): the European Central Bank (ECB) and the national central banks of the EU Member States. It should be noted that the national central banks of those Member States which have not adopted the single currency in accordance with the Treaty retain their powers in the field of monetary policy according to national law and are thus not involved in the conduct of the monetary policy of the Eurosystem.
Italian: Detrazione forfettaria [standardised deduction]: percentuale fissa applicata all’importo in essere di titoli di debito con scadenza predeterminata fino a due anni (compresi gli strumenti di raccolta a breve termine) che possono essere dedotti dall’aggregato soggetto a riserva dagli emittenti che non sono in grado di documentare che tale importo in essere è detenuto da altri istituti assoggettati al sistema di riserva obbligatoria dell’Eurosistema, dalla BCE o da una banca centrale nazionale.
Dutch: Interlinking-mechanisme: binnen TARGET voorziet het Interlinking-mechanisme in gemeenschappelijke procedures en een infrastructuur door middel waarvan betalingsopdrachten van het ene nationale RTBV-systeem kunnen worden doorgegeven aan het andere.
English: Standard tenders are carried out within a time frame of 24 hours. All counterparties fulfilling the general eligibility criteria are entitled to submit bids in standard tenders.
Italian: I titoli possono essere detenuti fisicamente (ma accentrati presso l’SDA), ovvero in forma dematerializzata (cioè soltanto sotto forma di registrazioni contabili).
Dutch: Standaardtenders worden uitgevoerd in een tijdsbestek van 24 uur.
Slovenian: Standardne avkcije se izvedejo v časovnem okviru 24 ur. Vse nasprotne stranke, ki izpolnjujejo splošna merila primernosti, imajo pravico, da predložijo protiponudbe na standardnih avkcijah.
English: Trade date (T): the date on which a trade (i.e. an agreement on a financial transaction between two counterparties) is struck. The trade date might coincide with the settlement date for the transaction (same-day settlement) or precede the settlement date by a specified number of business days (the settlement date is specified as T + the settlement lag).
Italian: È da notare che le banche centrali degli Stati membri che non hanno adottato la moneta unica in conformità con il Trattato conservano i propri poteri nel campo della politica monetaria in base alla legislazione nazionale e, pertanto, non sono coinvolte nella conduzione della politica monetaria dell’Eurosistema.
Lithuanian: Sutartinių palūkanų aukcionas (amerikietiškasis aukcionas) (Multiple rate auction (American auction)): aukcionas, kuriame paskirstymo palūkanų norma, kaina ar apsikeitimo punktas yra lygūs atitinkamame individualiame pasiūlyme nurodytam dydžiui.
English: The Eurosystem applies valuation haircuts reflecting features of the specific assets, such as the residual maturity. Variable rate tender: a tender procedure whereby the counterparties bid both the amount of money they want to transact with the central bank and the interest rate at which they want to enter into the transaction.
Italian: Strumenti di rating (RT) [rating tools (RT)]: fonte di valutazione della qualità creditizia prevista dal quadro di riferimento dell’Eurosistema (ECAF); comprende sistemi forniti da soggetti terzi che esprimono valutazioni della qualità creditizia dei debitori utilizzando principalmente dati contabili certificati, oltre a informazioni aggiuntive.
Slovak: Účet povinných minimálnych rezerv [Reserve account]: účet v národnej centrálnej banke, na ktorom zmluvné strany vedú svoje povinné minimálne rezervy.
English: Households + non-profit institutions serving households (S.14+S.15) Consumer credit
Italian: Famiglie + istituzioni senza scopo di lucro (S.14+S.15)
English: Reverse transactions Collection of fixed-term deposits
Lithuanian: Grįžtamieji sandoriai Valiutų apsikeitimo sandoriai Terminuotųjų indėlių pritraukimas
English: No distinction is made between marketable and non-marketable assets with regard to the quality of the assets and their eligibility for the various types of Eurosystem monetary policy operations, except that non-marketable assets are not used by the Eurosystem for outright transactions. All eligible assets may be used on a cross-border basis by means of the correspondent central banking model (CCBM) and, in the case of marketable assets, through eligible links between EU securities settlement systems (SSSs).
Lithuanian: Antrinę rinką turinčio ir antrinės rinkos neturinčio turto kokybė ir jo tinkamumas įvairių rūšių Eurosistemos pinigų politikos operacijoms niekuo nesiskiria, išskyrus tai, kad antrinės rinkos neturintis turtas Eurosistemoje paprastai nenaudojamas vienakrypčiams sandoriams Visas tinkamas turtas gali būti naudojamas tarpvalstybiniu mastu taikant korespondentinės centrinės bankininkystės modelį (KCBM), o antrinę rinką turintis turtas – per reikalavimus atitinkančias jungtis tarp ES vertybinių popierių atsiskaitymo sistemų (VPAS).
English: and participate in Eurosystem open market operations that are based on standard tenders.
Lithuanian: dalyvauti standartinių konkursų būdu atliekant Eurosistemos atvirosios rinkos operacijas.
English: they normally have a maturity of one week [13]; they are executed in a decentralised manner by the national central banks;
Lithuanian: jų terminas paprastai yra viena savaitė [13];jas decentralizuotai įgyvendina nacionaliniai centriniai bankai;
English: the notification of the debtor about the mobilisation of the credit claim or the registration of such mobilisation; the absence of restrictions related to banking secrecy and confidentiality;
Lithuanian: MHUSP turi būti tvarkomos pagal Eurosistemos procedūras, kaip apibrėžta atitinkamuose nacionaliniuose dokumentuose.
English: In addition to the information requirements for this process, the counterparty is under an obligation to communicate the following information on an annual basis (or as and when required by the relevant national central bank) unless such information is transmitted directly by the relevant supervisory authority to the relevant national central bank: a copy of the most up-to-date assessment of the counterparty’s IRB system by the counterparty’s supervisor translated in a working language of the home national central bank;
Lithuanian: Ncb vidinės kredito vertinimo sistemos šaltinis
English: in SSS B SSS A SSS B
Slovak: SSS B
Polish: SSS B
Slovenian: Posojilo
Lithuanian: B VPAS
English: A direct or relayed link between two SSSs allows a participant in one SSS to hold securities issued in another SSS without being a participant in that other SSS [95]. Before these links can be used to transfer collateral for Eurosystem credit operations, they have to be assessed and approved against the standards for the use of EU SSSs [96] [97].
Lithuanian: Norint pasinaudoti šiomis jungtimis įkaitui pervesti Eurosistemos kredito operacijoms, tokios jungtys pirmiausia turi būti įvertintos ir patvirtintos vadovaujantis ES VPAS naudojimo standartais [95] [96].
English: General considerations The ECB requires credit institutions to hold minimum reserves on accounts with the national central banks within the framework of the Eurosystem’s minimum reserve system.
Lithuanian: Teisinė šios sistemos struktūra nustatyta ECBS statuto 19 straipsnyje, 1998 m. lapkričio 23 d. Tarybos reglamente (EB) Nr. 2531/98 dėl Europos centrinio banko privalomųjų atsargų reikalavimų taikymo [10] OL L 318, 1998 m. lapkričio 27 d., p. 1.
English: The ECB publishes a calendar of the reserve maintenance periods at least three months before the start of each year [106]. The maintenance period begins on the settlement day of the first main refinancing operation following the meeting of the Governing Council, at which the monthly assessment of the monetary policy stance is pre-scheduled.
Dutch: Bij instellingen met meer dan één vestiging in een lidstaat is het hoofdkantoor ervoor verantwoordelijk dat aan de totale reserveverplichtingen van alle binnenlandse vestigingen van de instelling wordt voldaan [106].
Swedish: Uppfyllandeperioden börjar på dagen för avvecklingen av den första refinansieringstransaktionen efter det ECB-rådsmöte där den månatliga bedömningen av den penningpolitiska inriktningen skall göras.
Polish: Okres utrzymywania rezerwy zaczyna się w dniu rozliczenia pierwszej podstawowej operacji refinansującej po posiedzeniu Rady Prezesów, podczas którego formułowana jest miesięczna ocena nastawienia w polityce pieniężnej na następny okres.
Latvian: Iestādēs, kurām dalībvalstī ir vairāk nekā viens institūts, par kopējo obligāto rezervju prasību izpildi visos iestādes vietējos institūtos atbild galvenais birojs [106].
Lithuanian: Įstaigų, valstybėje narėje turinčių daugiau kaip vieną padalinį, pagrindinė buveinė yra atsakinga už visų įstaigos vietinių padalinių bendrų minimalių atsargų reikalavimų vykdymą [106].
English: Under special circumstances, the published calendar may be amended, depending, among other things, on changes in the schedule of Governing Council meetings.Reserve holdings Each institution must hold its minimum reserves on one or more reserve accounts with the national central bank in the Member State in which it is established.
Dutch: Een instelling met vestigingen in meer dan één lidstaat moet reserves aanhouden bij de nationale centrale bank van elke lidstaat waar zij een vestiging heeft, conform de reservebasis in de desbetreffende lidstaat.
Swedish: Under särskilda omständigheter kan den publicerade kalendern komma att ändras, bland annat beroende på ändrad planering av ECB-rådets möten.
Polish: W szczególnych okolicznościach opublikowany kalendarz może ulec zmianom, m.in. ze względu na zmiany w harmonogramie posiedzeń Rady Prezesów.
Latvian: Iestādei, kurai ir institūti vairāk nekā vienā dalībvalstī, jāuztur obligātās rezerves katrā tās dalībvalsts nacionālajā centrālajā bankā, kurā tai ir institūts, saistībā ar tās rezervju bāzi attiecīgajā dalībvalstī.
Lithuanian: Įstaiga, turinti padalinių daugiau kaip vienoje valstybėje narėje, turi laikyti minimalias atsargas kiekvienos valstybės narės, kurioje ji turi padalinį, nacionaliniame centriniame banke, atsižvelgdama į savo atsargų bazę atitinkamoje valstybėje narėje.
English: The daily reserve holding of an institution is calculated as the end-of-day balance on its reserve account. An institution may apply to the national central bank in the Member State in which the institution is resident for permission to hold all its minimum reserves indirectly through an intermediary.
Lithuanian: Įstaiga gali kreiptis į valstybės narės, kurios rezidentė ji yra, nacionalinį centrinį banką, prašydama leidimo laikyti visas savo minimalias atsargas netiesiogiai per tarpininką.
English: Further information relating to the standardised deduction ratio can be found on the ECB’s website (www.ecb.int), as well as on the Eurosystem websites (see Annex 5). [104] For institutions allowed to report statistical data as a group on a consolidated basis according to the provisions of the reporting framework for the ECB’s money and banking statistics (see Annex 4), only one such allowance will be granted to the group as a whole, unless the institutions provide data on the reserve base and reserve holdings in a sufficiently detailed manner to enable the Eurosystem to verify their accuracy and quality and to determine the respective reserve requirement of each individual institution included in the group. [105] Regulation (EC) No 2181/2004 of the European Central Bank of 16 December 2004, amending Regulation (EC) No 2423/2001 (ECB/2001/13) concerning the consolidated balance sheet of the monetary financial institutions sector and Regulation (EC) No 63/2002 (ECB/2001/18) concerning statistics on interest rates applied by monetary financial institutions to deposits and loans vis-à-vis households and non financial corporations (ECB/2004/21) (OJ L 371 of 18 December 2004, page 42), explicitly requires the reporting of deposit liabilities at nominal value. Nominal value means the amount of principal that a debtor is contractually obliged to repay to a creditor.
Lithuanian: Nominalioji vertė reiškia pagrindinę sumą, kurią skolininkas susitarimo pagrindu privalo grąžinti kreditoriui.
English: All bids above 6,63 (for a cumulative amount of EUR 65 million) are fully satisfied. At 6,63 the percentage of allotment is:
Lithuanian: Visi pasiūlymai, didesni kaip 6,63 (bendros 65 mln. eurų sumos), yra visiškai patenkinami, o kai 6,63, paskirstoma taip:
English: Sell EUR Buy USD
Lithuanian: perkami JAV doleriai
English: All bids below 6,54 (for a cumulative amount of EUR 195 million) are fully satisfied. At 6,54 the percentage of allotment is:
Lithuanian: Visi pasiūlymai, mažesni kaip 6,54 (bendros 195 mln. eurų sumos), yra visiškai patenkinami, o kai 6,54, paskirstoma taip:
English: Buy EUR Sell USD
Lithuanian: parduodami JAV doleriai
English: Accrued interest amounts to EUR 11778 on the main refinancing operation initiated on 28 July 2004 and EUR 5700 on the longer-term refinancing operation initiated on 29 July 2004. As a result, the adjusted market value of Asset A in the first transaction falls below the transaction’s amount to be covered (i.e. the liquidity provided plus the accrued interest) by EUR 914218, but also below the lower trigger level of EUR 49761719.
Lithuanian: Sukauptos palūkanos sudaro 11778 eurus už pagrindinę refinansavimo operaciją, kuri pradėta 2004 m. liepos 28 d., ir 5700 eurų už ilgesnės trukmės refinansavimo operaciją, kuri pradėta 2004 m. liepos 29 d. Dėl to pirmojo sandorio pakoreguota A turto rinkos vertė nukrinta žemiau sandoriui užtikrinti reikalingos 914218 eurų sumos (suteikto likvidumo, pridėjus sukauptas palūkanas), bet taip pat žemiau už apatinį neįpareigojantį vertės lygį 49761719 eurų.
English: ANNEX 2 GLOSSARY Actual/360: the day-count convention applied for the calculation of interest on a credit, implying that the interest is calculated over the actual number of calendar days over which the credit is extended, on the basis of a 360-day year.
Lithuanian: 2 PRIEDAS
English: Bilateral procedures include operations executed through stock exchanges or market agents. Book-entry system: an accounting system that permits the transfer of securities and other financial assets without the physical movement of paper documents or certificates (e.g. the electronic transfer of securities). See also dematerialisation. Central securities depository (CSD): an entity which holds and administers securities or other financial assets, holds the issuance accounts, and enables transactions to be processed by book entry. Assets may exist either physically (but immobilised within the CSD) or in a dematerialised form (i.e. only as electronic records).
Lithuanian: Apsikeitimo punktas (Swap point): išankstinio sandorio ir neatidėliotino sandorio kursų skirtumas vykdant valiutų apsikeitimo sandorį.
English: Deposits with agreed maturity: the instrument category consisting mainly of time deposits with a given maturity which, depending on national practices, may be either unconvertible prior to maturity or convertible only subject to a penalty. This category also encompasses some non-marketable debt instruments, such as non-marketable (retail) certificates of deposit. Dutch auction: see single rate auction.
Lithuanian: Euro zona (Euro area): zona, kuriai priklauso ES valstybės narės, pagal Sutartį įsivedusios eurą kaip bendrąją valiutą, ir kurioje vykdoma bendroji pinigų politika, vadovaujant ECB valdančiajai tarybai.
English: Electronic money: the monetary value as represented by a claim on the issuer which is: (a) stored on an electronic device, (b) issued on receipt of funds of an amount not lower in value than the monetary value issued, and (c) accepted as a means of payment by undertakings other than the issuer. End-of-day: the time of the business day (after the TARGET system has closed) at which the payments processed in the TARGET system are finalised for the day.
Lithuanian: Pažymėtina, kad tų valstybių narių, kurios pagal Sutartį neįsivedė bendrosios valiutos, nacionaliniai centriniai bankai išlaiko savo galias pinigų politikos srityje pagal nacionalinę teisę ir todėl nedalyvauja vykdant Eurosistemos pinigų politiką.
English: It should be noted that the national central banks of those Member States which have not adopted the single currency in accordance with the Treaty retain their powers in the field of monetary policy according to national law and are thus not involved in the conduct of the monetary policy of the Eurosystem. Eurosystem: the European Central Bank (ECB) and the national central banks of the Member States of the euro area.
Lithuanian: Eurosistemos darbo diena (Eurosystem business day): bet kuri diena, kurią ECB ir bent vienas nacionalinis centrinis bankas yra atidaryti tam, kad būtų vykdomos Eurosistemos pinigų politikos operacijos.
English: In the establishment of high credit standards, the Eurosystem differentiates between marketable and non-marketable assets. In the assessment of the credit standard of eligible assets, the Eurosystem takes into account credit assessment information from credit assessment systems belonging to one of four sources, namely external credit assessment institutions (ECAIs), NCBs’ in-house credit assessment systems (ICASs), counterparties’internal ratings-based (IRB) systems or third-party providers’ rating tools (RTs).
Lithuanian: Vertindama tinkamo turto kredito standartus, Eurosistema atsižvelgia į kredito vertinimo informaciją iš kredito vertinimų sistemų, priklausančių vienam iš keturių šaltinių, būtent, išorinių kredito vertinimo institucijų (IKVI), NCB vidinių kredito vertinimo sistemų (VKVS), sandorio šalių vidaus reitingais pagrįstų sistemų (VRPS) ar trečiųjų šalių teikiamų reitingui nustatyti priemonių (PRN).
English: Floating rate instruments have either pre-fixed coupons or post-fixed coupons. Foreign exchange swap: the simultaneous spot purchase/sale and forward sale/purchase of one currency against another.
Dutch: Langerlopende herfinancieringstransacties worden uitgevoerd door middel van maandelijkse standaardtenders en hebben doorgaans een looptijd van drie maanden.
Lithuanian: Įkaito vertės išlaikymo prievolė (Margin call): su reikalavimu išlaikyti įkaito vertę susijusi tvarka, kuri reiškia, kad, jeigu užtikrinamojo turto reguliariai matuojama vertė nukrinta žemiau tam tikro lygio, centrinis bankas pareikalauja, kad kitos sandorių šalys pateiktų papildomo turto (arba pinigų).
English: Internal rating-based (IRB) system: a credit quality assessment source provided for in the Eurosystem credit assessment framework (ECAF) that comprises the internal systems of those counterparties whose credit assessments may be used by credit institutions for the determination of risk weight exposures according to the Capital Requirements Directive. These systems are subject to a formal recognition and validation process by the national supervisors.
Lithuanian: Taigi įsipareigojimų nevykdymo atvejis yra tada, kai „a) kredito įstaiga mano, kad tikėtina, jog įsipareigojantysis asmuo galutinai neįvykdys savo kreditinių įsipareigojimų kredito įstaigai, patronuojančiai įmonei ar bet kuriai iš jos dukterinių įmonių, jeigu kredito įstaiga nesiims atgręžtinių veiksmų, kaip antai vertybinių popierių pardavimas (jei tokių yra)“; ir (arba) „b) įsipareigojantysis asmuo daugiau kaip 90 dienų vėluoja įvykdyti bet kurį reikšmingą įsipareigojimą kredito įstaigai, patronuojančiai įmonei ar bet kuriai iš jos dukterinių įmonių“.
English: Issuer: the entity which is obligated on a security or other financial instrument. Link between securities settlement systems: a link consists of all the procedures and arrangements which exist between two securities settlement systems (SSSs) for the transfer of securities between the two SSSs concerned through a book-entry process.
Lithuanian: Išorinė kredito vertinimo institucija (IKVI) (External credit assessment institution (ECAI)): Eurosistemos kredito vertinimo sistemoje (EKVS) numatytas kredito kokybės vertinimo šaltinis, apimantis tas institucijas, kurių kredito vertinimą kredito institucijos gali naudoti nustatydamos pozicijų riziką pagal Kapitalo pakankamumo direktyvą.