EUROPOS CENTRINIO BANKO GAIRĖS

2008 m. birželio 20 d.

dėl nacionalinių centrinių bankų vykdomo Europos centrinio banko užsienio atsargų valdymo ir operacijų su tokiomis atsargomis teisinių dokumentų (suvestinė redakcija)

(ECB/2008/5)

(2008/596/EB)

EUROPOS CENTRINIO BANKO VALDANČIOJI TARYBA,

atsižvelgdama į Europos bendrijos steigimo sutartį, ypač į jos 105 straipsnio 2 dalies trečią įtrauką,

atsižvelgdama į Europos centrinių bankų sistemos ir Europos centrinio banko statuto 3 straipsnio 1 dalies trečią įtrauką ir į 12 straipsnio 1 dalį, ir 30 straipsnio 6 dalį (toliau – ECBS statutas),

kadangi:

PRIĖMĖ ŠIAS GAIRES:

1 straipsnis

Terminų apibrėžtys

Šiose gairėse:

2 straipsnis

Užsienio atsargų valdymas, kurį vykdo euro zonos NCB kaip ECB agentai

1. Kiekvienas euro zonos NCB turi teisę dalyvauti Europos centriniam bankui pervestų užsienio atsargų operacijų valdyme. Euro zonos NCB gali nuspręsti susilaikyti nuo tokio valdymo arba apjungti tokį valdymą su vienu arba daugiau kitų euro zonos NCB. Jei euro zonos nacionalinis centrinis bankas nedalyvauja ECB užsienio atsargų operacijų valdyme, tai kiti euro zonos NCB valdo šias atsargas, kurias kitu atveju valdytų susilaikantis euro zonos NCB.

2. Euro zonos NCB, kaip ECB agentai, vykdo operacijas su ECB užsienio atsargomis. Pradėjęs tokias operacijas, euro zonos NCB įgyja ECB agento statusą. Euro zonos NCB, vykdydami visas operacijas ECB vardu, priimdami susitarimus dėl kiekvienos operacijos, visas šalis informuoja, kad ECB yra atstovaujamasis ir nurodo jo pavadinimą ir sąskaitos numerį arba kodą.

3. Kiekvienas euro zonos NCB, kuris kaip ECB agentas vykdo operacijas su ECB užsienio atsargomis, visų pirma atsižvelgia į ECB interesus, o tik po to – į savo arba bet kurios kitos institucijos, už kurią jis vykdo operacijas, interesus.

4. Euro zonos NCB, ECB sutarties šalių paprašytas pateikti jo, kaip agento, įgaliojimą vykdyti operacijas su ECB užsienio atsargomis, tokioms sutarties šalims pateikia savo agento veiklos įgaliojimų įrodymą.

3 straipsnis

Teisiniai dokumentai

1. Visos operacijos su ECB užsienio atsargomis vykdomos naudojant šiame straipsnyje nustatytus standartinius teisinius dokumentus ir tokias jų formas, kurias ECB kartais gali patvirtinti arba iš dalies pakeisti. Prieš euro zonos NCB pradedant ECB vardu prekiauti su sutarties šalimi, sutarties šalis turi pasirašyti teisinius dokumentus ir jų originalai turi būti pateikti ECB.

2. Atpirkimo, atvirkštinio atpirkimo, pirkimo (atgalinio pardavimo) ir pardavimo (atgalinio pirkimo) operacijos su ECB užsienio atsargomis įforminamos naudojant šias standartines sutartis:

3. Išvestinių finansinių priemonių, kuriomis prekiaujama ne biržoje, operacijos su ECB užsienio atsargomis įforminamos naudojant šias standartines sutartis:

4. Eurą įsivedusios valstybės narės atžvilgiu Vykdomoji valdyba gali nuspręsti vietoj sutarčių, numatytų 2 dalies a punkte arba 3 dalies a punkte, naudoti standartines sutartis, numatytas 2 dalies c punkte arba 3 dalies c punkte, jeigu atitinkamų standartinių sutarčių naudojimo toje valstybėje narėje teisinis įvertinimas ECB priimtina forma ir turiniu nėra galimas. Vykdomoji valdyba nedelsdama informuoja Valdančiąją tarybą apie kiekvieną pagal šią nuostatą priimtą sprendimą.

5. Indėliai, susiję su ECB užsienio atsargomis, su sutarties šalimis, kurios: i) turi teisę atlikti operacijas, numatytas pirmiau 2 ir (arba) 3 dalyje; ir ii) yra organizuotos arba įsteigtos pagal kurios nors iš Europos jurisdikcijų įstatymus, išskyrus Airiją, turi būti įforminami naudojant FBE finansinių sandorių pagrindinę sutartį (2004 m. leidimas). Kitais atvejais nei nurodyti pirmiau i ir ii punkte, indėliai, susiję su ECB užsienio atsargomis, įforminami naudojant toliau 7 dalyje nurodytą pagrindinę užskaitos sutartį.

6. I priede (toliau – ECB Annex) pateiktos formos dokumentas kaip sudėtinė kiekvienos standartinės sutarties dalis pridedamas prie jos, pagal kurią vykdomos atpirkimo, atvirkštinio atpirkimo, pirkimo (atgalinio pardavimo), pardavimo (atgalinio pirkimo), vertybinių popierių skolinimo ir trišales atpirkimo arba nebiržinių išvestinių finansinių priemonių operacijos su ECB užsienio atsargomis, jei tokios operacijos nėra vykdomos pagal FBE Finansinių sandorių pagrindinę sutartį (2004 m. leidimas).

7. Pagal vieną iš II priede nustatytų formų pagrindinė užskaitos sutartis sudaroma su visomis sandorio šalimis, išskyrus sandorio šalis: i) su kuriomis ECB yra pasirašęs FBE finansinių sandorių pagrindinę sutartį (2004 m. leidimas) ir ii) kurios yra organizuotos arba įsteigtos pagal kurios nors iš Europos jurisdikcijų, išskyrus Airiją, įstatymus. Sudaroma:

8. Su ECB užsienio atsargomis susijusių finansinių paslaugų teikimas per finansinius tarpininkus, įskaitant, be apribojimų, bankines, finansų maklerio, pasaugos ir investicines paslaugas, kurias teikia korespondentai, saugotojai ir depozitoriumai, atsiskaitymus vykdančios organizacijos ir centrinės kliringo įstaigos, vykdančios atsiskaitymus už biržines išvestines finansines priemones, įforminamos kaip specialios sutarys, kurias ECB kartais gali patvirtinti.

4 straipsnis

Įsigaliojimas

1. Gairės ECB/2006/28 panaikinamos nuo 2008 m. birželio 25 dienos.

2. Nuorodos į Gaires ECB/2006/28 laikomos nuorodomis į šias gaires.

3. Šios gairės įsigalioja 2008 m. birželio 25 dieną.

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Adresatai

Šios gairės taikomos euro zonos NCB.

(1) OL C 17, 2007 1 25, p. 5. Gairės, iš dalies pakeistos Gairėmis ECB/2007/6 (OL L 196, 2007 7 28, p. 46).

(1) This Annex has been drawn up in English and is incorporated into master agreements drawn up in English which are governed by English or New York law.

The Counterparty agrees that it has entered into the Agreement (including this Annex) as principal and not as agent for any other entity and that it shall enter into all transactions as principal.

There shall not apply in relation to the ECB any event of default or other provision of any kind in which reference is made to the bankruptcy, insolvency or other analogous event of the ECB.

There shall be no waiver by the ECB of immunity from suit or the jurisdiction of any court, or any relief against the ECB by way of injunction, order for specific performance or for recovery of any property of the ECB or attachment of its assets (whether before or after judgment), in every case to the fullest extent permitted by applicable law.

The Counterparty agrees to notify the ECB in writing as soon as reasonably practicable of: (i) any consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all of its assets to, another entity; (ii) the appointment of any liquidator, receiver, administrator or analogous officer or the commencement of any procedure for the winding-up or reorganisation of the Counterparty or any other analogous procedure; or (iii) a change in the Counterparty’s name.

Except as required by law or regulation, the Counterparty agrees that it shall keep confidential, and under no circumstances disclose to a third party, any information or advice furnished by the ECB or any information concerning the ECB obtained by the Counterparty as a result of it being a party to the Agreement, including without limitation information regarding the existence or terms of the Agreement (including this Annex) or the relationship between the Counterparty and the ECB created thereby, nor shall the Counterparty use the name of the ECB in any advertising or promotional material.

The provisions of this Annex shall be supplemental terms and conditions applying to [name the standard agreement to which this Annex applies] dated [date of agreement] (the Agreement) between the European Central Bank (the ECB) and [name of counterparty] (the Counterparty). The provisions of this Annex shall be annexed to, incorporated in and form an integral part of the Agreement. If and to the extent that any provisions of the Agreement (other than the provisions of this Annex) or the ECB Master Netting Agreement dated as of [date] (the Master Netting Agreement) between the ECB and the Counterparty, including any other supplemental terms and conditions, Annex or schedule to the Agreement, contain provisions inconsistent with or to the same or similar effect as the provisions of this Annex, the provisions of this Annex shall prevail and apply in place of those provisions.

IIa. PRIEDAS

Pagrindinė užskaitos sutartis, kurią reglamentuoja Anglijos teisė

MASTER NETTING AGREEMENT

Dated:

Between:

European Central Bank, Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany (hereinafter referred to as the ECB), and

[Counterparty] whose [address] [registered place of business] is at [address] (hereinafter referred to as the Counterparty)

1. Scope of agreement

1.1. The purpose of this Agreement (hereinafter referred to as the Agreement) is to ensure that the ECB is able to net all existing positions under all outstanding transactions made between the ECB and the Counterparty, regardless of any agent or agents authorised to act on behalf of the ECB through whom the transactions giving rise to those positions may have been effected, including the central bank of any Member State of the European Union which has adopted the euro as its currency, and regardless of which office (including the head office and all branches) of the Counterparty may be involved in such transactions, and after taking into account the effect of any existing netting provisions in master or other agreements between the ECB and the Counterparty and/or provisions of mandatory law that operate with similar effect that may apply to certain of such transactions.

1.2. In this Agreement, a ‘netting agreement’ means any agreement for the time being in effect between the parties (and including, without limitation, this Agreement and agreements of the kind listed in Appendix 1 of this Agreement), including such modifications and additions thereto as may be agreed between the ECB and the Counterparty (hereinafter referred to as the parties) from time to time, which contains provisions to the effect that, should any event of default as defined for the purposes of such agreement occur, there may be an early termination, liquidation, closing-out or acceleration of transactions or obligations under transactions or any analogous event (a default termination) and the respective obligations of the parties under such agreement may be combined, aggregated or set-off against each other so as to produce a single net balance payable by one party to the other.

2. General

2.1. All transactions of whatever nature (hereinafter referred to as transactions) entered into between the parties at any time after the date of this Agreement shall be governed by this Agreement, unless the parties specifically agree otherwise.

2.2. The parties acknowledge that the terms of this Agreement, all transactions governed by this Agreement, any amendments to the terms of such transactions, and the single net balance payable under any netting agreement constitute a single business and contractual relationship and arrangement.

2.3. The Counterparty has entered into this Agreement as principal and represents and warrants that it has entered and shall enter into all transactions as principal.

2.4. This Agreement is supplemental to the netting agreements entered into between the parties prior to the date of this Agreement, and all further netting agreements and transactions entered into between the parties after the date of this Agreement shall be supplemental to this Agreement.

3. Base currency

The base currency for the purposes of this Agreement shall be the US dollar or, at the ECB’s option, any other currency. Wherever it is necessary in accordance with the terms of this Agreement to convert amounts into the base currency, such amounts shall be converted at the daily reference rate published by the ECB for the currency to be converted into the base currency or, in the absence of such reference rate, at the rate of exchange at which the ECB can buy or sell, as appropriate, such amounts with or against the base currency on such day, all as determined by the ECB.

4. Cross acceleration

Should any default termination occur under any netting agreement (including under Appendix 2 of this Agreement), then the ECB shall have the right to declare, by written notice to the Counterparty, that a default termination has occurred under each other netting agreement in respect of which default termination has not occurred in accordance with the provisions thereof.

5. Global netting

5.1. Should a default termination occur, the ECB shall, as soon as is reasonably practicable, take an account of what is due from each party to the other under each netting agreement (including under Appendix 2 of this Agreement) in respect of which default termination has occurred and aggregate the sums due from each party to the other under such netting agreements (including under Appendix 2 of this Agreement), in every case in or converted into the base currency, and only the net balance of the account shall be payable by the party owing the larger aggregate sum.

5.2. Clause 5.1 shall continue to operate to the extent possible notwithstanding the unenforceability under applicable law of any provisions contained in any netting agreement (including under Appendix 2 of this Agreement).

6. Notices and other communications

All notices, instructions and other communications to be given under this Agreement shall be effective only upon receipt and shall be made in writing (including by electronic means).

7. Severability

Each provision contained herein (including, without limitation, Appendix 2 of this Agreement) shall be treated as separate from any other provision herein and shall be enforceable notwithstanding the unenforceability of any such other provision.

8. Non-assignability

The rights and obligations of the Counterparty under this Agreement may not be assigned, charged, pledged or otherwise transferred or dealt with by the Counterparty.

9. Governing law and jurisdiction

9.1. This Agreement shall be governed by and construed in accordance with English law.

9.2. For the benefit of the ECB, the Counterparty hereby irrevocably submits for all purposes of or in connection with this Agreement to the jurisdiction of the District Court (Landgericht) of Frankfurt am Main, Germany. Nothing in this clause 9 shall limit the right of the ECB to take proceedings before the courts of any other country of competent jurisdiction.

European Central Bank Name of Counterparty By By Title Title [Address for the service of notices under this Agreement] Date Date [In case of Luxembourg counterparties: In addition to clause 9 of this Agreement the parties agree that for purpose of Article 1 of the Protocol annexed to the Convention on Jurisdiction and the Enforcement of Judgements in Civil and Commercial Matters, signed in Brussels on 27 September 1998 and without prejudice to the foregoing execution of this Agreement by the parties hereto, [Luxembourg counterparty] expressly and specifically confirms its agreement to the provisions of clause 9 of this Agreement, stipulating that the District Court (Landgericht) of Frankfurt am Main shall have jurisdiction to hear and determine any suit, action or proceeding, and to settle any disputes, which may arise out of or in connection with this Agreement and, for such purposes, irrevocably submits to the jurisdiction of such courts. Luxembourg counterparty By Title ]

Appendix 1 to Master netting agreement Netting agreements (1) 1. FBE Master Agreement for Financial Transactions (Edition 2004) 2. ISDA Master Agreement (Multi-currency — Cross border 1992) 3. TBMA/ISMA Global Master Repurchase Agreement (2000 version) 4. The Bond Market Association Master Repurchase Agreement. (1) This documentation is maintained by the ECB Legal Services and the legal departments of the national central banks.