FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: Clawback rules which the Eurosystem considers to be severe and therefore not acceptable include rules under which the sale of cash flow generating assets backing the asset-backed securities can be invalidated by the liquidator solely on the basis that it was concluded within a certain period (suspect period) before the declaration of insolvency of the seller (originator/intermediary), or where such invalidation can only be prevented by the transferee if they can prove that they were not aware of the insolvency of the seller (originator/intermediary) at the time of the sale. Within a structured issue, in order to be eligible, a tranche (or sub-tranche) may not be subordinated to other tranches of the same issue.
Greek: Μεταξύ των κανόνων επανάκτησης που θεωρούνται αυστηροί και, επομένως, μη αποδεκτοί από το Ευρωσύστημα, συγκαταλέγονται οι κανόνες κατά τους οποίους η πώληση των τίτλων που προέρχονται από τιτλοποίηση και παράγουν εισοδηματική ροή είναι δυνατόν να ακυρωθεί από τον εκκαθαριστή αποκλειστικά για το λόγο ότι συνήφθη κατά τη διάρκεια συγκεκριμένης περιόδου (ύποπτη περίοδος) πριν από την κήρυξη του πωλητή (αρχικού δικαιούχου/ενδιάμεσου φορέα) σε κατάσταση αφερεγγυότητας, ή οι κανόνες κατά τους οποίους ο εκδοχέας δύναται να αποτρέψει την εν λόγω ακύρωση μόνον εφόσον αποδεικνύει ότι κατά το χρόνο της πώλησης δεν είχε γνώση της κατάστασης αφερεγγυότητας του πωλητή (αρχικού δικαιούχου/ενδιάμεσου φορέα).
English: Asset-backed securities are not eligible for Eurosystem monetary policy operations if the pool of assets underlying them is comprised of heterogeneous assets, because they cannot be reported using a single template for the specific asset class. The Eurosystem reserves the right to request from any relevant third party, e.g. the issuer, the originator or the arranger, any clarification and/or legal confirmation that it considers necessary to assess the eligibility of asset-backed securities and with regard to the provision of loan-level data.
Portuguese: Os instrumentos de dívida titularizados não são elegíveis para operações de política monetária do Eurosistema se o conjunto de ativos subjacentes for constituído por ativos heterogéneos, dado não poderem ser comunicados utilizando um único modelo para o tipo de classe específica.O Eurosistema reserva-se o direito de solicitar a qualquer terceiro considerado relevante, como seja o emitente, o cedente originário ou o promotor, qualquer clarificação e/ou confirmação jurídica que considere necessária para avaliar a elegibilidade de instrumentos de dívida titularizados e que diga respeito ao fornecimento de dados referentes aos empréstimos.
Greek: Τίτλοι που προέρχονται από τιτλοποίηση δεν είναι αποδεκτοί για τις πράξεις νομισματικής πολιτικής του Ευρωσυστήματος εάν το χαρτοφυλάκιο των περιουσιακών στοιχείων που τους εξασφαλίζουν αποτελείται από ετερογενή περιουσιακά στοιχεία, διότι αυτά δεν μπορούν να καταγραφούν σε ένα ενιαίο πρότυπο για μια συγκεκριμένη κατηγορία περιουσιακού στοιχείου.Το Ευρωσύστημα διατηρεί το δικαίωμα να ζητήσει από κάθε εμπλεκόμενο τρίτο, π.χ. τον εκδότη, τον αρχικό δικαιούχο της απαίτησης ή τον συντονιστή, οποιαδήποτε διευκρίνιση ή/και νομική επιβεβαίωση θεωρεί αναγκαία για την αξιολόγηση της καταλληλότητας των τίτλων που προέρχονται από τιτλοποίηση και όσον αφορά την παροχή στοιχείων για το ύψος των δανείων.
English: The asset must meet high credit standards. The high credit standards are assessed using ECAF rules for RMBDs.
Spanish: El activo debe tener una elevada calidad crediticia, que se determina utilizando las normas del ECAF aplicables a los RMDB
Italian: L’attività deve soddisfare elevati standard di credito valutati in base alle regole definite dall’ECAF per i DGMR
Greek: Το περιουσιακό στοιχείο πρέπει να είναι υψηλής πιστοληπτικής διαβάθμισης, όπως αξιολογείται με βάση τους κανόνες του ECAF για τα RMBD
English: flat inflation-floaters linked to euro area inflation indices, containing no discrete range, range accrual, ratchet or similar complex structures. The following coupon structures are notably excluded: all floaters linked to foreign currency interest rates, commodity and equity indices and exchange rates, dual floaters and floaters linked to swap spreads or to another combination of indices, and any kind of ratchet and range accrual coupons, as well as inverse floaters and coupons that depend on a credit rating.
Spanish: cupones variables resultantes de añadir un diferencial a los índices de inflación de la zona del euro, siempre que no contengan estructuras complejas (como pueden ser que los rangos no sean continuos, que el devengo del interés solo ocurra para determinado rango del índice o que existan mecanismos que limiten la variación del tipo de interés respecto al período anterior).
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.
English: Other marketable debt instruments [9] Credit claims
Spanish: Otros instrumentos de renta fija negociables [9]
Italian: Altri strumenti di debito negoziabili [9]
English: Ex-post notification of the debtor requires that the debtor be notified by the counterparty or the NCB (as specified by the national documentation) about the credit claim being mobilised as collateral by the counterparty to the benefit of the NCB immediately following a credit event. “Credit event” means default or similar events as further defined by the applicable national documentation.
Spanish: La notificación ex post implica que la entidad de contrapartida o el BCN (según lo dispuesto en la documentación nacional aplicable) informen al deudor de la movilización del crédito como activo de garantía a favor del BCN inmediatamente después de que se produzca un «evento de crédito», entendiéndose como tal un impago o hecho similar, con arreglo a la definición de la documentación nacional aplicable.
English: For residential-mortgage backed securities (RMBS), the loan-by-loan information requirements will apply from 3 January 2013 and the nine-month transitional period ends on 30 September 2013. For asset-backed securities where the cash flow generating assets comprise loans to small- and medium-sized enterprises (SME), the loan-by-loan information requirements will apply from 3 January 2013 and the nine-month transition period ends on 30 September 2013.
Estonian: Eluaseme hüpoteegiga tagatud väärtpaberite (RMBS) osas kohaldatakse laenuandmete nõudeid alates 3. jaanuarist 2013 ja üleminekuperioodi üheksas kuu lõpeb 30. septembril 2013.
English: Not applicable Not applicable
Finnish: Toimitusmenettelyt ja käsittelyssä noudatettavat menettelyt
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
Finnish: Instrumenttien tulee olla keskitetysti talletettuina arvo-osuuksina kansallisissa keskuspankeissa tai EKP:n vähimmäisvaatimukset täyttävässä arvopaperikeskuksessa.
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: Non-regulated markets accepted by the ECB Not applicable
Finnish: EKP:n hyväksymät ei-säännellyt markkinat
English: Currency euro
Finnish: Euro
English: Not applicable Minimum size threshold at the time of submission of the credit claim
Finnish: Minimikoko silloin, kun lainasopimusta tarjotaan vakuudeksi
English: shall not exceed two Not applicable
Finnish: Toisessa maassa olevien omaisuuserien käyttö
English: Yes Yes
Finnish: Sallitaan
English: RMBDs Credit standards
French: Titres de créance non négociables adossés à des créances hypothécaires sur des particuliers
English: Governing law for credit claim agreement and mobilisation: law of a Member State The total number of different laws applicable to
Hungarian: Irányadó jog a hitelkövetelésre és a mobilizációs megállapodásra: valamely tagállam joga. Az
English: They are not used in Eurosystem outright transactions. All marketable and non-marketable assets can also be used as underlying assets for intraday credit.
Italian: Tutte le attività negoziabili e non negoziabili possono essere utilizzate anche come attività sottostanti alle operazioni di credito infragiornaliero.
English: The above are minimum requirements. NCBs may decide to require ex-ante notification or registration in addition to the cases above, as specified by applicable national documentation.
Italian: In aggiunta ai requisiti minimi sopra descritti, le BCN possono decidere di richiedere la notifica ex ante o l’iscrizione in un registro pubblico anche in altre fattispecie, come disposto dai testi nazionali applicabili.
English: The following coupon structures are notably excluded: all floaters linked to foreign currency interest rates, commodity and equity indices and exchange rates, dual floaters and floaters linked to swap spreads or to another combination of indices, and any kind of ratchet and range accrual coupons, as well as inverse floaters and coupons that depend on a credit rating. Moreover, complex term structures such as target redemption notes and options to change the coupon type by making use of additional calling rights are excluded.
Lithuanian: Neįtraukiamos šios atkarpų struktūros: visi kintamųjų palūkanų vertybiniai popieriai (angl. floaters), susieti su užsienio valiutos palūkanų normomis, prekių ir akcijų indeksais bei valiutų kursais, dviejų indeksų kintamųjų palūkanų vertybiniai popieriai (angl. dual floaters) ir kintamųjų palūkanų vertybiniai popieriai, susieti su apsikeitimo sandorių (pelningumo) priedu (angl. swap spreads) arba su kitokia indeksų kombinacija, ir visi sąlyginių kintamųjų atkarpų ir intervalo kintamųjų atkarpų, taip pat atvirkštinės kintamųjų palūkanų atkarpų (angl. inverse floaters) ir atkarpų, kurios priklauso nuo kredito reitingo, vertybiniai popieriai.
English: they must not consist, in whole or in part, actually or potentially, of tranches of other asset-backed securities. In addition, they must not consist, in whole or in part, actually or potentially, of credit-linked notes, swaps or other derivatives instruments or synthetic securities;
Maltese: huma m’għandhomx jikkonsistu, kollha kemm huma jew parzjalment, attwalment jew potenzjalment, minn segmenti ta’ titoli ggarantiti minn assi oħrajn, Barra minn dan, huma m’għandhomx jikkonsistu, kollha kemm huma jew parzjalment, minn noti marbutin mal-kreditu, swaps jew strumenti oħra ta’ derivati jew titoli sintetiċi;
English: The Eurosystem reserves the right to request from any relevant third party, e.g. the issuer, the originator or the arranger, any clarification and/or legal confirmation that it considers necessary to assess the eligibility of asset-backed securities and with regard to the provision of loan-level data. Non-compliance with such requests may lead to suspension of or refusal to grant eligibility to the asset-backed security transaction in question.
Maltese: L-Eurosistema tirriżerva d-dritt li titlob mingħand kwalunkwe terza persuna, eż l-emittent, l-oriġinatur jew min jagħmel l-arranġamenti, kwalunkwe kjarifika u/jew konferma legali li jidhrilha meħtieġa biex tivvaluta l-eliġibbiltà ta’ titoli ggarantiti minn assi u fir-rigward tal-provvista ta’ dejta fuq il-livell ta’ self.. Nonkonformità ma’ talbiet bħal dawn tista’ twassal għal sospensjoni ta’ jew ċaħda tal-għoti ta’ eliġibbiltà lit-tranżazzjoni tat-titolu ggarantit minn assi kkonċernat.
English: All marketable and non-marketable assets can also be used as underlying assets for intraday credit. Irrespective of the fact that a marketable or non-marketable asset fulfils all eligibility criteria, a counterparty may not submit as collateral any asset issued or guaranteed by itself or by any other entity with which it has close links.
Maltese: Irrispettivament mill-fatt li attiv negozjabbli jew mhux negozjabbli jissodisfa l-kriterji kollha ta’ eliġibbiltà, kontroparti ma tistax tippreżenta bħala kollateral attiv maħruġ jew iggarantit minnu nnifsu jew minn entità oħra li magħha għandha rabtiet mill-qrib.
English: The RT provider has to undertake to inform the Eurosystem of the results of the performance evaluation as soon as it has been carried out by the RT provider. Together with the performance monitoring data submitted, a signed certification from the CEO, or authorised signatory with responsibility for the audit or compliance function within the RT, confirming the accuracy and validity of the performance monitoring data must also be submitted.
Maltese: Il-fornitur RT irid jintrabat li jinforma lill-Eurosistema bir-riżultati tal-evalwazzjoni tal-prestazzjoni malli tkun twettqet mill-fornitur RT. Flimkien mad-dejta dwar il-monitoraġġ tal-prestazzjoni li tiġi ppreżentata, għandha tiġi ppreżentata wkoll ċertifikazzjoni ffirmata miċ-CEO, jew minn firmatarju awtorizzat li huwa responsabbli għall-funzjoni tal-verifika jew tal-konformità fi ħdan l-RT, li tikkonferma l-preċiżjoni u l-validità tat-tagħrif dwar il-monitoraġġ tal-prestazzjoni.
English: Scoring value (eligibility treatment) first quarter (initial submission)
Maltese: Valur tal-punteġġ (trattament ta’ eliġibbiltà)
English: second quarter C3 (at a minimum)
Maltese: (ebda limitu minimu infurzat)
English: from the fourth quarter onwards A1
Maltese: it-tielet trimestru
English: Not applicable Currency
Portuguese: Circulação monetária (moeda)
English: ‘An RT provider participating in the ECAF needs to subject itself by agreement to the Eurosystem performance monitoring process (see Section 6.3.5). The RT provider is obliged to set up and maintain the necessary infrastructure for monitoring the static pool. Construction and evaluation of the static pool have to be in line with the general requirements on performance monitoring under the ECAF. The RT provider has to undertake to inform the Eurosystem of the results of the performance evaluation as soon as it has been carried out by the RT provider. Together with the performance monitoring data submitted, a signed certification from the CEO, or authorised signatory with responsibility for the audit or compliance function within the RT, confirming the accuracy and validity of the performance monitoring data must also be submitted. They have to undertake to keep internal records of static pools and default details for five years.12.
Slovenian: „Ponudnik bonitetnih orodij, ki sodeluje v bonitetnem okviru Eurosistema, mora s sporazumom sprejeti, da bo predmet postopka Eurosistema za spremljanje zanesljivosti (glej oddelek 6.3.5). Ponudnik bonitetnih orodij mora vzpostaviti in vzdrževati potrebno infrastrukturo za spremljanje statičnega nabora. Izgradnja in ocena statičnega nabora morata biti v skladu s splošnimi zahtevami spremljanja zanesljivosti znotraj bonitetnega okvira Eurosistema. Ponudnik bonitetnih orodij mora obvestiti Eurosistem o rezultatih ocene zanesljivosti, takoj ko jo je opravil. Skupaj s podatki za spremljanje zanesljivosti je treba predložiti tudi podpisano potrdilo izvršnega direktorja ali pooblaščenega podpisnika, ki je odgovoren za funkcijo revizije ali skladnosti pri ponudniku bonitetnih orodij, s katerim potrjuje točnost in veljavnost podatkov za spremljanje zanesljivosti. Ponudniki bonitetnih orodij morajo pet let hraniti interno evidenco statičnih naborov in podrobnosti o neplačilu.“;