FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: The Eurosystem may apply additional limits, other than those applied to the use of unsecured debt instruments, to the exposure vis-à-vis issuers/debtors or guarantors. Such limits can also be applied to specific counterparties, in particular if the credit quality of the counterparty appears to exhibit a high correlation with the credit quality of the collateral submitted by the counterparty.
Latvian: Papildus nenodrošinātajiem parāda instrumentiem piemērotajiem ierobežojumiem, Eurosistēma var piemērot ierobežojumus attiecībā uz riskiem, kas saistīti ar emitentiem/debitoriem vai garantijas devējiem Šādus ierobežojumus var piemērot arī konkrētiem darījuma partneriem, īpaši tad, ja šķiet, ka darījuma partnera kredītspēja ļoti spēcīgi korelē ar darījuma partnera iesniegto nodrošinājuma aktīvu kredītu kvalitāti.
English: The relevant contractual or regulatory arrangements applied by the NCB should include a provision as to the timing and mechanics of the transfer of payments. The date of the forward sale/purchase should be fixed at the time of entering into each transaction.
Latvian: Attiecīgie līgumiskie vai normatīvie noteikumi, ko piemēro NCB, ietver noteikumus par maksājumu pārveduma laiku un tehniku. nākotnes pārdošanas/pirkšanas datums jānosaka brīdī, kad notiek vienošanās par darījumu.
English: To be eligible, a credit claim [64] has to fulfil the following eligibility criteria (see also Table 4): (a) Type of asset: It must be a credit claim which is a debt obligation of a debtor vis-à-vis a Eurosystem counterparty.
Slovak: Akceptovateľné úverové pohľadávky [64] musia spĺňať nasledujúce kritériá akceptovateľnosti (pozri tiež tabuľku 4):a) Druh aktíva: musí ísť o úverovú pohľadávku, ktorá je dlhovým záväzkom dlžníka voči zmluvnej strane Eurosystému.
Maltese: Biex tkun eliġibbli, klejm ta’ kreditu [64] għandu jissodisfa l-kriterji ta’ eliġibbiltà li ġejjin (ara wkoll it-Tabella 4):(a) Tip ta’ assi: Għandu jkun klejm ta’ kreditu li huwa obbligu ta’ dejn ta’ debitur fil-konfront ta’ kontroparti tal-Eurosistema.
English: The debtor or guarantor is allocated to one of three classes in accordance with the CRD [87] as explained in Table 5. An implicit credit assessment for debtors or guarantors belonging to classes 1 and 2 is derived from the ECAI credit assessment of the central government of the country where the debtor or guarantor is established.
Portuguese: O devedor ou garante é classificado numa de três classes, de acordo com a Directiva relativa aos requisitos de capital [87] como se explica no Quadro 5.Uma avaliação de crédito implícita aos emitentes ou garantes pertencentes às classes 1 e 2 é obtida a partir da avaliação de crédito por parte de uma IEAC à administração central do país onde o emitente ou garante se encontra estabelecido.
Maltese: Id-debitur jew il-garanti jiġi allokat waħda mit-tliet klassijiet skont is-CRD [87] kif spjegat fit-Tabella 5.Valutazzjoni ta’ kreditu impliċita għal debituri jew garanti li jappartjenu għall-klassijiet 1 u 2 tiġi mill-valutazzjoni ta’ kreditu ECAI tal-gvern ċentrali tal-pajjiż fejn id-debitur jew il-garanti huwa stabbilit.
English: The risk control measures are broadly harmonised across the euro area [97] and ought to ensure consistent, transparent and non-discriminatory conditions for any type of eligible asset across the euro area. The Eurosystem reserves the right to apply additional risk control measures if required to ensure adequate risk protection of the Eurosystem in line with Article 18.1 of the Statute of the ESCB.
Maltese: Il-miżuri ta’ kontroll tar-riskju huma armonizzati b’mod wiesa’ fi ħdan iż-żona tal-euro [97] u għandhom jiżguraw kundizzjonijiet konsistenti, trasparenti u mhux diskriminatorji għal kull tip ta’ assi eliġibbli fi ħdan iż-żona tal-euro.L-Eurosistema tirriżerva d-dritt li tapplika miżuri ta’ kontroll tar-riskju addizzjonali jekk jenħtieġ, biex tiżgura l-protezzjoni adegwata tar-riskju tal-Eurosistema skont l-Artikolu 18.1 tal-Istatut tas-SEBĊ.
English: Only institutions subject to the Eurosystem’s minimum reserve system according to Article 19.1 of the Statute of the ESCB are eligible to be counterparties. Institutions which are exempt from their obligations under the Eurosystem’s minimum reserve system (see Section 7.2) are not eligible to be counterparties to Eurosystem standing facilities and open market operations.
Dutch: Alleen instellingen die conform artikel 19.1 van de Statuten van het ESCB en van de ECB zijn onderworpen aan het stelsel van reserveverplichtingen van het Eurosysteem komen in aanmerking om als tegenpartijen op te treden. instellingen die zijn uitgezonderd van hun verplichtingen ingevolge het stelsel van reserveverplichtingen van het Eurosysteem (zie paragraaf 7.2) kunnen niet optreden als tegenpartijen bij de permanente faciliteiten en open-markttransacties van het Eurosysteem.
English: These general eligibility criteria are uniform throughout the euro area. Institutions fulfilling the general eligibility criteria may:
Dutch: Deze algemene criteria zijn gelijk voor het gehele eurogebied. instellingen die aan de criteria voldoen, zijn gerechtigd:
English: ECB time (CET).
Dutch: ECB-tijd (CET).
English: Structural operations Structural operations through standard tenders are not executed according to any pre-specified calendar.
Dutch: Structurele transacties
English: Let k = 0.5 % denote the trigger. In an earmarking system (I = l), a margin call is effected when:
Dutch: Bij een margestortingspunt k = 0,5 % zal in een stelsel waarin voor elke transactie afzonderlijke activa worden aangewezen (I = 1) een margestorting plaatsvinden als:
English: The reporting framework for the ECB’s money and banking statistics includes the possibility of relieving small institutions of some of the reporting burden. Institutions to which this provision applies only need to report a limited set of balance sheet data on a quarterly basis (as end-of-quarter data) and with a reporting deadline which is longer than that set for larger institutions.
Dutch: Het rapportagekader voor de monetaire en bancaire statistieken van de ECB voorziet in de mogelijkheid de rapportagelast van kleine instellingen te verlichten. instellingen waarvoor dit geldt, behoeven slechts een beperkt aantal balansgegevens op kwartaalbasis (als kwartaalultimogegevens) te rapporteren, met een uiterste inleverdatum na de overeenkomstige datum voor grotere instellingen.
English: Reserve holdings on settlement accounts may be used for intraday settlement purposes. The daily reserve holding of an institution is calculated as the end-of-day balance on its reserve account.
Dutch: Op vereveningsrekeningen aangehouden reserves kunnen worden gebruikt voor vereveningen gedurende de dag. De dagelijks aangehouden reserves worden berekend als het saldo op de reserverekening aan het einde van de dag.
English: If the normal settlement date for the main or the longer-term refinancing operations coincides with a bank holiday, the ECB may decide to apply a different settlement date, with the option of same-day settlement. The settlement dates for the main and the longer-term refinancing operations are specified in advance in the Eurosystem’s tender operations calendar (see Section 5.1.2).
Dutch: Als de normale verrekeningsdatum voor de basis- of de langer lopende herfinancieringstransacties samenvalt met een officiële vrije dag, kan de ECB besluiten een andere verrekeningsdatum toe te passen, met inbegrip van verrekening op dezelfde dag. De verrekeningsdata voor de basis- en de langer lopende herfinancieringstransacties worden tevoren vastgelegd in de tenderkalender van het Eurosysteem (zie paragraaf 5.1.2).
English: Pursuant to Article 18.1 of the Statute of the ESCB, all Eurosystem credit operations (i.e. liquidity-providing monetary policy operations and intraday credit) have to be based on adequate collateral. The Eurosystem accepts a wide range of assets to underlie its operations.
Polish: Zgodnie z art. 18 ust. 1 Statutu ESBC wszystkie operacje kredytowe Eurosystemu (tzn. operacje polityki pieniężnej zasilające w płynność oraz kredyt śróddzienny) wymagają odpowiedniego zabezpieczenia.. Eurosystem akceptuje w tym zakresie szeroki zbiór aktywów.
English: Collateral Information on collateral
Polish: Informacje o zabezpieczeniu
English: Furthermore, the counterparty must ensure that the collateral for securing monetary policy operations is delivered to the account of the correspondent central bank by 4.45 p.m.
Polish: Oprócz tego kontrahent musi zapewnić, że zabezpieczenie operacji polityki pieniężnej zostanie przekazane na rachunek banku centralnego korespondenta najpóźniej do godziny 16.45 czasu EBC (czasu środkowoeuropejskiego).
Romanian: De asemenea, contrapartea trebuie să asigure livrarea în contul băncii centrale corespondente a colateralului pentru garantarea operațiunilor de politică monetară, până la ora BCE 16.45 (CET) cel târziu.
English: ECB time (CET) at the latest. Instructions or deliveries not respecting this deadline will only be considered for credit given on the following business day.
Polish: Zlecenia lub transfery dokonane z przekroczeniem tego ostatecznego terminu będą uznawane wyłącznie na użytek kredytu udzielanego następnego dnia roboczego.
Romanian: Instrucțiunile sau livrările care nu respectă acest termen vor fi luate în considerare pentru acordarea unui credit numai în ziua lucrătoare următoare.
English: The Eurosystem accepts a wide range of assets to underlie its operations. The Eurosystem has developed a single framework for eligible collateral common to all Eurosystem credit operations (also referred to as the ‘Single List’).
Portuguese: O Eurosistema aceita um vasto conjunto de activos para garantia das suas operações, tendo desenvolvido um quadro único de activos de garantia elegíveis, comum a todas as operações de crédito do Eurosistema (também referido como a «Lista Única»).
English: Not applicable Not applicable
Slovak: Postupy vyrovnania a technické aspekty
Romanian: Proceduri de decontare/utilizare
English: Place of settlement: euro area Instruments must be centrally deposited in book-entry form with NCBs or a SSS fulfilling the ECB’s minimum standards
Slovak: Nástroje musia byť centrálne uložené v zaknihovanej podobe v národných centrálnych bankách alebo v systémoch vyrovnania obchodov s cennými papiermi, ktoré spĺňajú minimálne štandardy ECB.
Romanian: Instrumentele trebuie depuse centralizat prin înscriere într-un cont la BCN sau într-un sistem de decontare a operațiunilor cu instrumente financiare (SSS) care îndeplinește standardele minime ale BCE
English: Introduction This document presents the operational framework chosen by the Eurosystem for the single monetary policy in the euro area.
Slovak: PKIPCP podnik kolektívneho investovania do prevoditeľných cenných papierov (undertaking for collective investment in transferable securities) Úvod
English: Open market operations Open market operations play an important role in the monetary policy of the Eurosystem for the purposes of steering interest rates, managing the liquidity situation in the market and signalling the stance of monetary policy. Five types of instruments are available to the Eurosystem for the conduct of open market operations. The most important instrument is the reverse transaction (applicable on the basis of repurchase agreements or collateralised loans). The Eurosystem may also use outright transactions, the issuance of ECB debt certificates, foreign exchange swaps and the collection of fixed-term deposits. Open market operations are initiated by the ECB, which also decides on the instrument to be used and on the terms and conditions for its execution.
Slovak: Operácie na voľnom trhu
English: Eligible marketable assets are allocated to one of five liquidity categories, based on issuer classification and asset type. The allocation is described in Table 6.
Slovak: Podľa klasiﬁkácie emitenta a druhu cenného papiera sa akceptovateľné obchodovateľné aktíva zaraďujú do jednej z piatich kategórií likvidity spôsobom uvedeným v tabuľke 6.
English: The value of a marketable asset is calculated on the basis of the most representative price on the business day preceding the valuation date. If more than one price is quoted, the lowest of these prices (normally the bid price) is used. In the absence of a representative price for a particular asset on the business day preceding the valuation date, the last trading price is used.
Slovak: Hodnota obchodovateľného aktíva sa vypočíta na základe najreprezentatívnejšej ceny pracovného dňa, ktorý predchádza dňu ocenenia.
English: ICAS in-house credit assessment system ICSD international central securities depository IDC intraday credit
Slovenian: KNPVP kolektivni naložbeni podjem za vlaganje v prenosljive vrednostne papirje
English: MFI monetary financial institution MMF money market fund NCB national central bank PD probability of default
Slovenian: MFI denarna finančna institucija
English: Reverse transactions Collection of fixed-term deposits
Slovenian: Povratne transakcije Zbiranje vezanih depozitov
English: The activities of the ESCB are carried out in accordance with the Treaty on the Functioning of the European Union and the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB’). The ESCB is governed by the decision-making bodies of the ECB.
Swedish: ECBS uppgifter utförs i enlighet med bestämmelserna i fördraget om Europeiska unionens funktionssätt och stadgan för Europeiska centralbankssystemet och Europeiska centralbanken (nedan kallad stadgan för ECBS).
English: Counterparties may use the marginal lending facility to obtain overnight liquidity from NCBs at a pre-specified interest rate against eligible assets (as set out in Chapter 6). The facility is intended to satisfy counterparties’ temporary liquidity needs.
Swedish: Motparter kan använda utlåningsfaciliteten för att erhålla likviditet över natten från nationella centralbanker till en förutbestämd ränta mot godtagbara tillgångar (se kapitel 6).
English: Over the lifetime of the asset-backed security, the Eurosystem’s minimum threshold of credit quality step 2 of the Eurosystem’s harmonised rating scale ( ‘single A’) must be retained [76]. With regard to RMBDs, the Eurosystem’s benchmark for establishing its minimum requirement for high credit standards is defined in terms of a credit assessment of credit quality step 2 in the Eurosystem’s harmonised rating scale ( ‘single A’). The Eurosystem considers a PD over a 1-year horizon of 0,10 % as equivalent to a credit assessment of credit quality step 2, subject to regular review.
Swedish: Eurosystemets miniminivå på kreditkvalitetssteg 2 i Eurosystemets harmoniserade riskklasskala ( ”A”) måste iakttas under hela löptiden för värdepapper med bakomliggande tillgångar [76]. Vad gäller skuldförbindelser med säkerhet i inteckning definieras Eurosystemets riktmärke för att fastställa minimikravet på standarder för hög kreditvärdighet som en kreditbedömning av kreditkvalitetssteg 2 i Eurosystemets harmoniserade riskklasskala ( ”A”). Eurosystemet anser att en sannolikhet för betalningsinställelse under ett år på 0,10 procent motsvarar en kreditbedömning på kreditkvalitetssteg 2, vilket omvärderas regelbundet.
English: Events (a) and (p) must be automatic; events (b), (c) and (q) may be automatic; events (d) to (o) and (r) to (t) cannot be automatic and must be discretionary (that is, perfected only upon service of a notice of default). Such notice of default may provide a ‘grace period’ of up to a maximum of 3 business days to rectify the event in question.
Swedish: I fall enligt punkt a och p ska avslut följa automatiskt; i fall enligt punkterna b och c och q kan det följa automatiskt i vissa fall; i fall enligt punkterna d–o och r–t följer inte avslut automatiskt utan måste vara diskretionärt (dvs. motparten ska först ha delgivits meddelande om uppsägning).