FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: Fixed rate tender operations In the allotment of a fixed rate tender, the bids received from counterparties are added together.
Spanish: Subastas a tipo de interés fijo
Finnish: Kiinteäkorkoisten huutokauppojen toteuttaminen
English: If the aggregate amount bid exceeds the total amount of liquidity to be allotted, the submitted bids will be satisfied pro rata, according to the ratio of the amount to be allotted to the aggregate amount bid (see Box 4). The amount allotted to each counterparty is rounded to the nearest euro. However, the ECB may decide to allot a minimum amount/ratio to each bidder in fixed rate tenders.
Spanish: En la adjudicación de una subasta a tipo de interés fijo se suman las pujas presentadas por las entidades de contrapartida.
English: all % = A
French: ad % = M
Spanish: El porcentaje de adjudicación es: all % = A
English: all i
French: ad j
Spanish: adj i
Slovenian: alli
English: alli
French: adj
Spanish: adji
English: + allrm
French: + adrmar
Spanish: + adjrm
English: all(r s)i
French: ad(r i)j
Spanish: adj(r s)i
Slovenian: all (rs)i
English: + allΔm
French: + adΔmar
Spanish: + adjΔm
English: all(Δ s)i
French: ad(Δ i)j
Spanish: adj(Δ s)i
Slovenian: all (Δs)i
English: The debt instrument must be deposited/registered (issued) in the EEA with a central bank or with a central securities depository (CSD) which fulfils the minimum standards established by the ECB [54]. In case a marketable debt instrument is issued by a non-financial corporation [55] that is not rated by an accepted external credit assessment institution (ECAI), the place of issue must be the euro area.
Spanish: El instrumento de renta fija debe estar depositado/registrado (emitido) en el EEE en un banco central o en un depositario central de valores (DCV) que cumpla los criterios mínimos establecidos por el BCE [54] A. En caso de que un instrumento de renta fija negociable sea emitido por una sociedad no financiera [55], que no haya sido calificada por una agencia externa de evaluación del crédito (ECAI), el lugar de emisión debe ser la zona del euro.
Maltese: L-istrument ta’ dejn għandu jiġi ddepożitat/irreġistrat (maħruġ) fiż-ŻEE ma’ bank ċentrali jew mad-depożitorju ta’ titoli ċentrali (CSD) li jissodisfa l-istandards minimi stabbiliti mill-BĊE [54] Fil-każ ta’ strument ta’ dejn negozjabbli maħruġ minn korporazzjoni mhux finanzjarja [55] li mhijiex kklassifikata minn istituzzjoni ta’ valutazzjoni ta’ kreditu estern aċċettat (ECAI), il-post tal-ħruġ għandu jkun iż-żona tal-euro.
English: Moreover, a counterparty may not submit as collateral any asset-backed security if the counterparty (or any third party with which it has close links) provides a currency hedge to the asset-backed security by entering into a currency hedge transaction with the issuer as a hedge counterparty or provides liquidity support for 20 % or more of the outstanding amount of the asset-backed security. All eligible marketable and non-marketable assets must be usable in a cross-border context throughout the euro area.
Spanish: Por otra parte, una entidad no puede presentar como garantía ningún bono de titulización si la entidad de contrapartida (o cualquier tercero con el que tenga vínculos estrechos) proporciona una cobertura en divisas al bono de titulización, formalizando con el emisor una operación de cobertura de riesgo de tipo de cambio, o facilita ayuda en forma de liquidez para un porcentaje igual o superior al 20 % del saldo vivo de los bonos de titulización.
Dutch: Bovendien mag een tegenpartij niet effecten op onderpand van activa aanbieden indien de tegenpartij (of enige derde partij waarmee zij nauwe banden onderhoudt) een valutahedge verschaft voor de effecten op onderpand van activa door een valutahedgetransactie aan te gaan met de emittent als hedgetegenpartij of indien de tegenpartij liquiditeitssteun verschaft voor 20 % of meer van het uitstaande bedrag aan effecten op onderpand van activa.
English: Other marketable debt instruments [72] Credit claims
Spanish: Otros instrumentos de renta fija negociables [72]
Italian: Altri strumenti di debito negoziabili [72]
English: It aims to ensure that the results from credit assessments are comparable across systems and sources. The monitoring process takes place 1 year after the date on which the static pool was defined.
Spanish: Este proceso, que tiene por objeto garantizar que los resultados de la evaluación del crédito sean comparables entre los distintos sistemas y fuentes, se desarrollará un año después de que se haya definido el grupo estático.
English: This implies that if the value, measured on a regular basis, of the underlying assets falls below a certain level, the NCB will require the counterparty to supply additional assets or cash (i.e. it will make a margin call). Similarly, if the value of the underlying assets, following their revaluation, exceeds a certain level, the counterparty may retrieve the excess assets or cash.
French: Par conséquent, si la valeur, calculée à intervalle régulier, des actifs mobilisés tombe au-dessous d’un certain niveau, la BCN exige de la contrepartie la fourniture d’actifs ou d’espèces supplémentaires (c’est-à-dire un appel de marge).
Spanish: Esto supone que, si el valor de los activos de garantía, calculado periódicamente, cae por debajo de un cierto nivel, el BCN exigirá a las entidades de contrapartida que proporcionen activos adicionales o efectivo (es decir, realizará un ajuste de los márgenes de garantía).
English: The precise procedure of the CCBM depends on whether the eligible assets are earmarked for each individual transaction or whether they are held in a pool of underlying assets [112].
Spanish: El procedimiento preciso que adopte el MCBC depende de que dichos activos estén identificados individualmente para cada transacción o se mantengan en un fondo común [112].
Slovenian: Natančen postopek za CCBM je odvisen od tega, ali je primerno finančno premoženje označeno za vsako posamezno transakcijo ali pa se uporablja v skladu finančnega premoženja za zavarovanje terjatev [112].
Romanian: Procedura exactă a MBCC diferă în funcție de faptul dacă activele eligibile sunt afectate în cazul fiecărei tranzacții în parte (sistemul de tip earmarking) sau dacă sunt deținute în comun într-un fond de active-garanție cumulate (sistemul de tip pooling) [112].
Maltese: Il-proċedura preċiża tas-CCBM tiddependi fuq jekk l-assi eliġibbli humiex riżervati għal kull tranżazzjoni individwali jew jekk humiex miżmumin fi grupp ta’ assi sottostanti [112].
English: In an earmarking system, as soon as a counterparty’s bid for credit is accepted by the NCB of the Member State in which the counterparty is established (i.e. the ‘home NCB’), the counterparty instructs (via its own custodian, if necessary) the SSS in the country in which its marketable assets are held to transfer them to the central bank of that country for the account of the home NCB.
Spanish: En un sistema de identificación individual, tan pronto como una enti-dad de contrapartida tiene constancia de que su puja ha sido aceptada por el BCN del Estado miembro donde está situada (BCN local), la entidad de contrapartida ordena (a través de su custodio, si fuera necesario) al SLV del país en el que se mantienen sus activos negociables su transferencia al banco central de ese país (banco central corresponsal).
Slovenian: Če je v uporabi sistem označevanja finančnega premoženja za zavarovanje terjatev, nasprotna stranka takoj, ko NCB države članice, v kateri je ustanovljena (tj. „domača NCB“), sprejme njeno protiponudbo za posojilo, izda nalog (prek lastnega skrbnika, če je to potrebno) sistemu poravnave vrednostnih papirjev v državi, v kateri se nahaja tržno finančno premoženje, da ga prenese na centralno banko te države za račun domače NCB.
Romanian: Într-un sistem de tip earmarking, din momentul acceptării cererii de credit de către BCN din statul membru în care contrapartea este stabilită (adică „BCN de origine”) a ofertei sale pentru un credit, contrapartea transmite (prin custodele său, dacă este necesar) către SSS din țara în care se află activele sale tranzacționabile instrucțiuni privind transferul acestora băncii centrale din țara în cauză, în contul BCN de origine.
Maltese: F’sistema ta’ riżerva, hekk kif offerta ta’ kontroparti għal kreditu tiġi aċċettata mill-bank ċentrali nazzjonali tal-Istat Membru fejn hija stabbilita l-kontroparti (jiġifieri l-“BĊN domestiku”), il-kontroparti tagħti struzzjonijiet (permezz tal-kustodju tagħha, jekk ikun meħtieġ) lill-SSS fil-pajjiż fejn huma miżmumin l-assi negozjabbli biex jiġu ttrasferiti lill-bank ċentrali ta’ dak il-pajjiż għall-kont tal-BĊN domestiku.
English: The Eurosystem’s minimum reserve system contributes to creating or enlarging a structural liquidity shortage. This may be helpful in improving the ability of the Eurosystem to operate efficiently as a supplier of liquidity.
Spanish: El sistema de reservas mínimas del Eurosistema contribuye a crear o a ampliar un déficit estructural de liquidez, lo que puede resultar de utilidad para aumentar la capacidad del Eurosistema de operar eficientemente como proveedor de liquidez.
Portuguese: O regime de reservas mínimas do Eurosistema contribui para a criação ou para o aumento da escassez estrutural de liquidez, permitindo uma maior eficiência do Eurosistema enquanto cedente de liquidez.
Polish: System rezerw obowiązkowych Eurosystemu przyczynia się do tworzenia lub pogłębiania strukturalnego niedoboru płynności, co może zwiększać skuteczność Eurosystemu jako dostawcy płynności.
English: The ECB may change the reserve ratios at any time. Changes in reserve ratios are announced by the ECB in advance of the first maintenance period for which the change is effective.
Spanish: El BCE puede modificar estos coeficientes en cualquier momento, siempre que anuncie las modificaciones antes del primer período de mantenimiento en el que se hagan efectivas.
Italian: La BCE può variare in qualsiasi momento le aliquote di riserva, dandone comunicazione in anticipo rispetto al primo periodo di mantenimento dal quale ha effetto la variazione.
English: Deposits redeemable at notice of over 2 years Repos
Spanish: Disponibles con preaviso a más de dos años
English: r t 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. i
Spanish: rt tipo de la remuneración de las tenencias de reservas mínimas en el período de mantenimiento t. Se aplicará el redondeo ordinario del tipo de la remuneración a dos decimales
English: ISIN International Securities Identification Number MFI monetary financial institution
Polish: ISIN międzynarodowy numer identyfikacyjny papierów wartościowych (International Securities Identification Number)
Estonian: ISIN rahvusvaheline väärtpaberite identifitseerimisnumber
English: PD probability of default PSE public sector entity
Finnish: PD maksukyvyttömyyden todennäköisyys (probability of default, PD)
Estonian: RMBD hüpoteegiga tagatud turukõlbmatud võlainstrumendid
English: RMBD retail mortgage-backed debt instrument RoW rest of the world RT rating tool
Estonian: RTGS reaalajaline brutoarveldussüsteem
English: For the purposes of the ECAF, the general acceptance criteria for ECAIs are the following: (a) ECAIs must be formally recognised by the relevant Union supervisory authority for the euro area countries in which they will be used, in line with the CRD.
French: Aux fins de l’ECAF, les critères généraux d’éligibilité des ECAI sont les suivants: a) Les ECAI doivent être officiellement reconnues par l’autorité de supervision de l’Union compétente pour le pays de la zone euro dans lequel elles seront utilisées pour répondre aux exigences de fonds propres conformément à la directive.
Dutch: In het kader van het ECAF gelden voor EKBI’s de volgende algemene aanvaardingscriteria: a) EKBI’s moeten formeel erkend zijn door de betrokken toezichthoudende EU-autoriteit voor de landen van het eurogebied waar zij overeenkomstig de richtlijn kapitaalvereisten zullen worden gebruikt.
Estonian: Eurosüsteemi krediidihindamisraamistiku üldised vastuvõetavuskriteeriumid reitinguagentuuridele on järgmised. a) Reitinguagentuur peab olema liidu asjaomase järelevalveasutuse poolt ametlikult tunnustatud nendes euroala riikides, kus seda kapitalinõuete direktiivi kohaselt kasutada kavatsetakse.
English: A further ad-hoc variant based on the charge in favour of the correspondent central bank acting as the agent for the home NCB has been implemented to allow the cross-border use of RMBDs. The CCBM is available to counterparties (both for marketable and non-marketable assets) from 9 a.m. to 4 p.m.
Estonian: Peale selle on RMBDde piiriülese kasutuse võimaldamiseks rakendatud veel üks erivariant, mis põhineb selliste võlainstrumentide hüpoteegi seadmisel kodukeskpanka esindavale korrespondentkeskpangale Keskpankadevaheline piiriüleste tagatiste haldamise raamistik on osapooltele kasutamiseks avatud (nii turukõlblike kui ka turukõlbmatute varade puhul) eurosüsteemi tööpäevadel kella 9–16 EKP aja (Kesk-Euroopa aja) järgi.
English: ECB time (CET) on each Eurosystem business day. A counterparty wishing to make use of the CCBM must advise the NCB from which it wishes to receive credit, i.e. its home NCB, before 4 p.m. ECB time (CET).
Estonian: Raamistikku kasutada sooviv osapool peab sellest teatama liikmesriigi keskpangale, kellelt ta soovib krediiti saada (st oma kodukeskpangale), enne kella 16 EKP aja (Kesk-Euroopa aja) järgi.
English: CCBM correspondent central banking model CET Central European Time CIs credit institutions
Finnish: CRD Euroopan unionin vakavaraisuusdirektiivi (Capital Requirements Directive, CRD)
English: RT rating tool RTGS real-time gross settlement
Swedish: RTGS bruttoavveckling i realtid (real-time gross settlement)
Finnish: RT luottoluokitusvälinepalvelu (Rating Tool, RT)
Polish: RTGS rozrachunek brutto w czasie rzeczywistym (real-time gross settlement)
Hungarian: RMBD jelzáloggal biztosított lakossági adósságinstrumentum (retail mortgage-backed debt instrument)
English: The ECB shall impose sanctions, in accordance with Council Regulation (EC) No 2532/98 of 23 November 1998 concerning the powers of the European Central Bank to impose sanctions [8], Regulation (EC) No 2157/1999 of the European Central Bank of 23 September 1999 on the powers of the European Central Bank to impose sanctions (ECB/1999/4) [9], Council Regulation (EC) No 2531/98 of 23 November 1998 concerning the application of minimum reserves by the European Central Bank [10] and Regulation (EC) No 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves (ECB/2003/9) [11], on institutions which do not comply with obligations arising from ECB Regulations and Decisions relating to the application of minimum reserves. The relevant sanctions and the procedural rules for their application are specified in the abovementioned Regulations.
Finnish: Jos luottolaitos ei noudata vähimmäisvarantojen soveltamiseen liittyvien EKP:n asetusten ja päätösten mukaisia velvoitteita, EKP määrää sille seuraamuksia seuraavien asetusten nojalla: Euroopan keskuspankin valtuuksista määrätä seuraamuksia 23 päivänä marraskuuta 1998 annettu neuvoston asetus (EY) N:o 2532/98 [8], Euroopan keskuspankin valtuuksista määrätä seuraamuksia 23 päivänä syyskuuta 1999 annettu Euroopan keskuspankin asetus (EY) N:o 2157/1999 (EKP/1999/4) [9], Euroopan keskuspankin soveltamista vähimmäisvarannoista 23 päivänä marraskuuta 1998 annettu neuvoston asetus (EY) N:o 2531/98 [10], sellaisena kuin se on muutettuna, ja vähimmäisvarantojen soveltamisesta 12 päivänä syyskuuta 2003 annettu Euroopan keskuspankin asetus (EY) N:o 1745/2003 (EKP/2003/9) [11].
English: The assessment of non-regulated markets by the Eurosystem is based on three principles – safety, transparency and accessibility [59].6.2.1.6. Type of issuer/guarantor
Swedish: Eurosystemets bedömning av icke reglerade marknader baseras på tre principer: säkerhet, transparens och tillgänglighet [59].6.2.1.6 Emittent/borgensman
Finnish: Ei-säänneltyjä markkinapaikkoja koskeva eurojärjestelmän arviointi perustuu kolmeen markkinapaikoille asetettuun vaatimukseen: niiden on oltava turvallisia, avoimia ja helppopääsyisiä [59].6.2.1.6 Liikkeeseenlaskija/takaaja
Slovenian: Ocena nereguliranih trgov, ki jo pripravlja Eurosistem, temelji na treh načelih – varnost, transparentnost in dostopnost [59].6.2.1.6 Vrsta izdajatelja/garanta
English: Liquidity categories for marketable assets [99] Category I
Finnish: Jälkimarkkinakelpoisten omaisuuserien likvidiysluokat [99]I luokka
English: (AAA to A-) [106] 0-1
Finnish: (AAA–A-) [106]
English: SSS Counterparty A
Finnish: Arvopaperikaupan selvitysjärjestelmä
English: The legal framework for this system is laid down in Article 19 of the Statute of the ESCB, Regulation (EC) No 2531/98 and Regulation ECB/2003/9. The application of Regulation ECB/2003/9 ensures that the terms and conditions of the Eurosystem’s minimum reserve system are uniform throughout the euro area.
Finnish: Vähimmäisvarantojärjestelmän oikeudellisesta perustasta säädetään EKPJ:n perussäännön asetuksen (EY) N:o 2531/98 19 artiklassa ja vähimmäisvarantojen soveltamisesta annetussa Euroopan keskuspankin asetuksessa (EKP/2003/9).
English: Deposits [122] Regulation (EC) No 25/2009 of the European Central Bank of 19 December 2008 concerning the balance sheet of the monetary financial institutions sector (ECB/2008/32) (OJ L 15, 20.1.2009, p. 14) 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. This amendment had become necessary because Council Directive 86/635/EEC of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions (OJ L 372, 31.12.1986, p. 1) had been amended to the effect that certain financial instruments could be priced at fair value.
Finnish: Talletukset [122] (Rahalaitossektorin taseesta 19 päivänä joulukuuta 2008 annettuun Euroopan keskuspankin asetukseen (EY) N:o 25/2009 (EKP/2008/32) (EUVL L 15, 20.1.2009, s. 1) sisältyy nimenomainen vaatimus talletusvelkojen ilmoittamisesta nimellisarvoon. Nimellisarvolla tarkoitetaan pääoman määrää, joka velallisen on sopimuksen perusteella maksettava takaisin velkojalle. Muutos tuli tarpeelliseksi, kun pankkien ja muiden rahoituslaitosten tilinpäätöksestä ja konsolidoidusta tilinpäätöksestä 8 päivänä joulukuuta 1986 annettua neuvoston direktiiviä 86/635/ETY (EYVL L 372, 31.12.1986, s. 1) muutettiin siten, että tietyt rahoitusinstrumentit voidaan arvostaa käypään arvoon.
English: Holdings of required reserves are remunerated at the average, over the maintenance period, of the ECB’s rate (weighted according to the number of calendar days) on the main refinancing operations, calculated using the formula specified in Box 10. Reserve holdings exceeding the required reserves are not remunerated.
Finnish: Vähimmäisvarantotalletuksille maksetaan korkoa, joka on EKP:n perusrahoitusoperaatioiden (kalenteripäivien määrällä painotettu) keskimääräinen korko pitoajanjakson aikana laskettuna kehikossa 10 esitetyn kaavan mukaisesti.
English: ESA 95 European System of Accounts 1995 ESCB European System of Central Banks EU European Union ICAS in-house credit assessment system ICSD international central securities depository IDC intraday credit IRB internal ratings-based system ISIN International Securities Identification Number MFI monetary financial institution MMF money market fund NCB national central bank PD probability of default PSE public sector entity RMBD retail mortgage-backed debt instrument RoW rest of the world RT rating tool RTGS real-time gross settlement SSS securities settlement system
French: TARGET le système de transferts express automatisés transeuropéens à règlement brut en temps réel, tel que défini dans l’orientation BCE/2005/16
English: Access to the deposit facility is granted only on days when TARGET2 is open [26]. To be granted access to the deposit facility, the counterparty must send a request to the NCB in the Member State in which the counterparty is established.
French: Cet accès est limité aux jours où TARGET2 est ouvert [26].
Latvian: Piekļuvi noguldījumu iespējai piešķir tikai dienās, kad atvērta TARGET2 [26].Lai varētu iegūt noguldījumu iespēju, darījuma partnerim jānosūta pieprasījums tās dalībvalsts NCB, kurā šis darījuma partneris reģistrēts.
English: BOX 3 Operational steps for tender procedures
French: Étapes opérationnelles des procédures d’appel d’offres
Portuguese: Fases operacionais dos procedimentos de leilão
English: alli = all % × (ai)
French: adi = ad % × (mj)
Slovenian: alli = all%×(ai)
English: = A – Σs = 1
French: = m – Σi = 1
English: m – 1
French: mar – 1
English: The amount allotted to each counterparty is rounded to the nearest euro. In the allotment of liquidity-absorbing variable rate foreign exchange swap tenders, bids are listed in descending order of offered swap point quotations.
French: Le montant adjugé à chaque contrepartie est arrondi à l’euro le plus proche.Dans le cadre d’appels d’offres à taux variable portant sur des swaps de change destinés à un retrait de liquidité, la liste des offres est établie par ordre décroissant des taux de report/déport offerts.
Maltese: L-ammont allokat lil kull kontroparti jiġi aġġustat sal-eqreb euro.Fl-allokazzjoni ta’ sejħiet għal offerti ta’ kambju barrani b’rata varjabbli li jassorbu likwidità, l-offerti huma elenkati f’ordni dixxendenti ta’ kwotazzjonijiet tal-punt ta’ swap offruti.
English: aΔm
French: mΔmar
English: Δ s
French: Δ i
Latvian: Δ Δs
English: a(Δ s)i
French: m(Δ i)j
English: a(Δ s)
French: m(Δ i)
English: Δ m
French: Δ mar
Latvian: Δ Δm
English: Consequently, all Eurosystem liquidity-providing operations are based on underlying assets provided by the counterparties either in the form of the transfer of ownership of assets (in the case of outright transactions or repurchase agreements) or in the form of a pledge, an assignment or a charge granted over relevant assets (in the case of collateralised loans) [44]. With the aims of protecting the Eurosystem from incurring losses in its monetary policy operations and of ensuring the equal treatment of counterparties, as well as of enhancing operational efficiency and transparency, underlying assets have to fulfil certain criteria in order to be eligible for Eurosystem monetary policy operations.
French: En conséquence, toutes les opérations de fourniture de liquidité de l’Eurosystème sont fondées sur des livraisons d’actifs mobilisables par les contreparties, soit sous la forme d’une cession en propriété (dans le cas d’opérations fermes ou de pensions), soit sous la forme d’un nantissement, d’une cession ou d’une sûreté constitués sur les actifs concernés (dans le cas de prêts garantis) [44].Afin d’éviter à l’Eurosystème d’encourir des pertes à l’occasion de ses opérations de politique monétaire, de respecter l’égalité de traitement des contreparties et d’optimiser l’efficacité opérationnelle et la transparence, les actifs mobilisables doivent remplir des critères précis pour être éligibles à ces opérations.
Maltese: Għaldaqstant, l-operazzjonijiet kollha tal-Eurosistema li jipprovdu likwidità huma bbażati fuq assi sottostanti provduti mill-kontropartijiet jew fil-forma ta’ trasferiment ta’ proprjetà tal-assi (fil-każ ta’ tranżazzjonijiet diretti jew ta’ ftehim ta’ xiri mill-ġdid) jew fil-forma ta’ rahan, assenjazzjoni jew piż mogħti fuq assi rilevanti (fil-każ ta’ self kollateralizzat) [44].Bl-għanijiet li l-Eurosistema tiġi protetta milli tagħmel telf fl-operazzjjonijiet tal-politika monetarja tagħha, u jiġi assigurat trattament ugwali tal-kontropartijiet u titjieb fl-effiċjenza u t-trasparenza operattiva, l-assi sottostanti għandhom jikkonformaw ma’ ċerti kriterji sabiex ikunu eliġibbli għal operazzjonijiet tal-politika monetarja tal-Eurosistema.