natgillin/translations-raw huggingface dataset:
For the purposes of the first sentence of Article 3(1) and Article 5 of Directive 98/26/EC, and the third sentence of Section 116, Section 96(2), Section 82 and Section 340(3) of the German Insolvency Code (Insolvenzordnung) and the last sentence of Section 46(2) of the KWG, DCA to DCA liquidity transfer orders or DCA to PM liquidity transfer orders are deemed entered into TARGET2-ECB and are irrevocable at the moment that the relevant DCA holder's DCA is debited.
Notwithstanding Sections 675u, 675v, 675x, 675y 675z, 676a, 676c of the German Civil Code (Bürgerliches Gesetzbuch), paragraphs 1 to 4 shall apply to the extent that the ECB's liability can be excluded.
For all transactions settling on DCAs and which are subject to matching of two separate transfer orders, such transfer orders are deemed entered into TARGET2-ECB at the moment at which they have been declared compliant with the technical rules of T2S by the T2S Platform and irrevocable at the moment the transaction has been given the status ‘matched’ on the T2S Platform; or
For the purposes of this paragraph, the terms “payment service provider”, “payer” and “payee” shall have the meanings ascribed to them in the applicable administrative or restrictive measures.
As an exception to point (a), for transactions involving one participating CSD having a separate matching component where transfer orders are sent directly to that participating CSD to be matched in its separate matching component, transfer orders are deemed entered into TARGET2-ECB at the moment at which they have been declared compliant with the technical rules of T2S by that participating CSD and irrevocable from the moment the transaction has been given the status ‘matched’ on the T2S Platform.
for settlement at a specific time, the XML tag “Time(/ExctnTp/Tm/)” shall be used;
Notwithstanding Sections 675u, 675v, 675x, 675y 675z, 676a, 676c of the German Civil Code (Burgerliches Gesetzbuch), paragraphs 1 to 4 shall apply to the extent that the ECB's liability can be excluded.
for settlement upon occurrence of a specific event, the XML tag “(EventType/ExctnTp/Evt/)” shall be used.
For the purposes of this paragraph, the terms ‘payment service provider’, ‘payer’ and ‘payee’ shall have the meanings ascribed to them in the applicable administrative or restrictive measures.
The validity period for standing liquidity transfer orders shall be set by the following XML tags: “FromDate/VldtyPrd/FrDt/” and “ToDate/VldtyPrd/ToDt/”.
for settlement at a specific time, the XML tag ‘Time(/ExctnTp/Tm/)’ shall be used;
Information shall be provided in “pull” mode, which means that each DCA holder has to ask to be provided with information.
for settlement upon occurrence of a specific event, the XML tag ‘(EventType/ExctnTp/Evt/)’ shall be used.
The “Non-Repudiation of Origin” (NRO) signature allows the recipient of a message to prove that such message has been issued and has not been altered.
The validity period for standing liquidity transfer orders shall be set by the following XML tags: ‘FromDate/VldtyPrd/FrDt/’ and ‘ToDate/VldtyPrd/ToDt/’.
We have been asked to provide this Opinion as [in-house or external] legal advisers to [specify name of DCA holder or branch of DCA holder] in respect of issues arising under the laws of [jurisdiction in which the DCA holder is established; hereinafter the “jurisdiction”] in connection with the participation of [specify name of DCA holder] (hereinafter the “DCA holder”) in the TARGET2-ECB (hereinafter the “System”).
Information shall be provided in ‘pull’ mode, which means that each DCA holder has to ask to be provided with information.
and all other documents relating to the DCA holder's constitution, powers, and authorisations necessary or appropriate for the provision of this Opinion (hereinafter the “DCA holder's Documents”).
The ‘Non Repudiation of Origin’ (NRO) signature allows the recipient of a message to prove that such message has been issued and has not been altered.
the terms and conditions for the Opening and Operation of a Dedicated Cash Account in TARGET2-ECB (hereinafter the “Rules”); and
We have been asked to provide this Opinion as [in-house or external] legal advisers to [specify name of DCA holder or branch of DCA holder] in respect of issues arising under the laws of [jurisdiction in which the DCA holder is established; hereinafter the ‘jurisdiction’] in connection with the participation of [specify name of DCA holder] (hereinafter the ‘DCA holder’) in the TARGET2-ECB (hereinafter the ‘System’).
The Rules and the […] shall be referred to hereinafter as the “System Documents” (and collectively with the DCA holder's Documents as the “Documents”).
and all other documents relating to the DCA holder's constitution, powers, and authorisations necessary or appropriate for the provision of this Opinion (hereinafter the ‘DCA holder's Documents’).
No other persons may rely on this Opinion, and the contents of this Opinion may not be disclosed to persons other than its intended recipients and their legal counsel without our prior written consent, with the exception of the European Central Bank and the national central banks of the European System of Central Banks [and [the national central bank/relevant regulatory authorities] of [jurisdiction]].
the terms and conditions for the Opening and Operation of a Dedicated Cash Account in TARGET2-ECB (hereinafter the ‘Rules’); and
We have been asked as [external] legal advisers to [specify name of DCA holder or branch of DCA holder] (the “DCA holder”) in respect of issues arising under the laws of [jurisdiction in which the DCA holder is established; hereinafter the “jurisdiction”] to provide this Opinion under the laws of [jurisdiction] in connection with the participation of the DCA holder in a system which is a component of TARGET2 (hereinafter the “System”).
The Rules and the […] shall be referred to hereinafter as the ‘System Documents’ (and collectively with the DCA holder's Documents as the ‘Documents’).
the terms and conditions for the Opening and Operation of a Dedicated Cash Account in TARGET2] for the System dated [insert date] (hereinafter the “Rules”); and
No other persons may rely on this Opinion, and the contents of this Opinion may not be disclosed to persons other than its intended recipients and their legal counsel without our prior written consent, with the exception of the European Central Bank and the national central banks of the European System of Central Banks [and [the national central bank/relevant regulatory authorities] of [jurisdiction]].
The Rules and the [.] shall be referred to hereinafter as the “System Documents”.
We have been asked as [external] legal advisers to [specify name of DCA holder or branch of DCA holder] (the ‘DCA holder’) in respect of issues arising under the laws of [jurisdiction in which the DCA holder is established; hereinafter the ‘jurisdiction’] to provide this Opinion under the laws of [jurisdiction] in connection with the participation of the DCA holder in a system which is a component of TARGET2 (hereinafter the ‘System’).
Country-specific legal aspects [to the extent applicable]
the terms and conditions for the Opening and Operation of a Dedicated Cash Account in TARGET2] for the System dated [insert date] (hereinafter the ‘Rules’); and
General insolvency issues
The Rules and the [.] shall be referred to hereinafter as the ‘System Documents’.
The only types of insolvency proceedings (including composition or rehabilitation) which, for the purpose of this Opinion, shall include all proceedings in respect of the DCA holder's assets or any branch it may have in [jurisdiction] to which the DCA holder may become subject in [jurisdiction], are the following: [list proceedings in original language and English translation] (together collectively referred to as “Insolvency Proceedings”).
Country-specific legal aspects [to the extent applicable]
In addition to Insolvency Proceedings, the DCA holder, any of its assets, or any branch it may have in [jurisdiction] may become subject in [jurisdiction] to [list any applicable moratorium, receivership, or any other proceedings as a result of which payment orders to and/or from the DCA holder may be suspended, or limitations can be imposed in relation to such payment orders, or similar proceedings in original language and English translation] (hereinafter collectively referred to as “Proceedings”).
General insolvency issues
Enforceability of System Documents
The only types of insolvency proceedings (including composition or rehabilitation) which, for the purpose of this Opinion, shall include all proceedings in respect of the DCA holder's assets or any branch it may have in [jurisdiction] to which the DCA holder may become subject in [jurisdiction], are the following: [list proceedings in original language and English translation] (together collectively referred to as ‘Insolvency Proceedings’).
Voidable preferences
In addition to Insolvency Proceedings, the DCA holder, any of its assets, or any branch it may have in [jurisdiction] may become subject in [jurisdiction] to [list any applicable moratorium, receivership, or any other proceedings as a result of which payment orders to and/or from the DCA holder may be suspended, or limitations can be imposed in relation to such payment orders, or similar proceedings in original language and English translation] (hereinafter collectively referred to as ‘Proceedings’).
Attachment
Enforceability of System Documents
If a creditor of the DCA holder seeks an attachment order (including any freezing order, order for seizure or any other public or private law procedure that is intended to protect the public interest or the rights of the DCA holder's creditors) — hereinafter referred to as an “Attachment” — under the laws of [jurisdiction] from a court or governmental, judicial or public authority that is competent in [jurisdiction], we are of the opinion that [insert the analysis and discussion].
Voidable preferences
Collateral [if applicable]
Attachment
Branches [to the extent applicable]
If a creditor of the DCA holder seeks an attachment order (including any freezing order, order for seizure or any other public or private law procedure that is intended to protect the public interest or the rights of the DCA holder's creditors) — hereinafter referred to as an ‘Attachment’ — under the laws of [jurisdiction] from a court or governmental, judicial or public authority that is competent in [jurisdiction], we are of the opinion that [insert the analysis and discussion].
Information about a failure of the TARGET2 and/or an abnormal external event shall be communicated to DCA holders through the domestic communication channels, the ICM, the T2S GUI and the T2S-information system as defined in the T2S UDFS.
Collateral [if applicable]
In the event that the operation of the T2S Platform is relocated to another region, the DCA holders shall (i) refrain from sending new instructions to the T2S Platform and (ii) at the request of the ECB perform a reconciliation and resubmit any instructions identified as missing submitted within a maximum of five minutes prior to the time of failure or the occurrence of the abnormal external event and provide the ECB with all relevant information in this respect.
Branches [to the extent applicable]
The reference time for the system is the local time at the seat of the ECB, i.e. CET (**).
Information about a failure of the TARGET2 and/or an abnormal external event shall be communicated to DCA holders through the domestic communication channels, the ICM, the T2S GUI and the T2S-information system as defined in the T2S UDFS.
18:45 – 19:00 (1)
In the event that the operation of the T2S Platform is relocated to another region, the DCA holders shall (i) refrain from sending new instructions to the T2S Platform and (ii) at the request of the ECB perform a reconciliation and resubmit any instructions identified as missing submitted within a maximum of five minutes prior to the time of failure or the occurrence of the abnormal external event and provide the ECB with all relevant information in this respect.
18:45 – 20:00
The reference time for the system is the local time at the seat of the ECB, i.e. CET (**).
19:00 – 19:30 (1)
18:45 — 19:00 (1)
20:00 – 03:00
18:45 — 20:00
19:30 (1) – 22:00
19:00 — 19:30 (1)
22:00 – 01:00
20:00 — 03:00
03:00 – 05:00
19:30 (1) — 22:00
Technical maintenance window (3)
22:00 — 01:00
01:00 – 06:45
03:00 — 05:00
05:00 – 18:00
Technical maintenance window (3)
Partial settlement windows at 14:00 and 15:45 (5) (for 15 minutes)
01:00 — 06:45
06:45 – 07:00
05:00 — 18:00
07:00 – 18:00
Partial settlement windows at 14:00 and 15:45 (5) (for 15 minutes)
18:00 – 18:45
06:45 — 07:00
Guideline ECB/2012/27 of 5 December 2012 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (OJ L 30, 30.1.2013, p.
07:00 — 18:00
1).
Решение (ЕС) 2015/1195 на Европейската централна банка
Decision (EU) 2015/1195 of the European Central Bank
от 2 юли 2015 година
of 2 July 2015
за изменение на Решение (ЕС) 2015/298 относно междинното разпределяне на дохода на Европейската централна банка (ЕЦБ/2015/25)
amending Decision (EU) 2015/298 on the interim distribution of the income of the European Central Bank (ECB/2015/25)
С Решение (ЕС) 2015/774 на Европейската централна банка (ЕЦБ/2015/10) [1] се създава програма за закупуване на активи на публичния сектор на вторичните пазари (наричана по-долу „ПЗАПС“).
Decision (EU) 2015/774 of the European Central Bank (ECB/2015/10) [1] establishes a secondary markets public sector asset purchase programme (hereinafter the ‘PSPP’).
Необходимо е в Решение (ЕС) 2015/298 на Европейската централна банка (ЕЦБ/2014/57) [2] да бъдат установени разпоредби относно междинното разпределяне на дохода на ЕЦБ от ПЗАПС.
Provision needs to be made for the interim distribution of the ECB's income from the PSPP in Decision (EU) 2015/298 of the European Central Bank (ECB/2014/57) [2].
Поради това Решение (ЕС) 2015/298 (ЕЦБ/2014/57) следва да бъде съответно изменено,
Therefore, Decision (EU) 2015/298 (ECB/2014/57) should be amended accordingly,
Член 1, буква г) от Решение (ЕС) 2015/298 (ЕЦБ/2014/57) се заменя със следното:
Point (d) of Article 1 of Decision (EU) 2015/298 (ECB/2014/57) is replaced by the following:
„доход на ЕЦБ от ценни книжа“ е нетният доход, който се получава от закупени от ЕЦБ ценни книжа: i) по ППЦК съгласно Решение ЕЦБ/2010/5; ii) по ПЗОО3 съгласно Решение ЕЦБ/2014/40; iii) по ПЗОАЦК съгласно Решение ЕЦБ/2014/45; и iv) по програмата за закупуване на активи на публичния сектор на вторичните пазари (ПЗАПС) съгласно Решение (ЕС) 2015/774 на Европейската централна банка (ЕЦБ/2015/10).
“ECB's income arising from securities” means the net income arising from purchases by the ECB of securities: (i) under the SMP in accordance with Decision ECB/2010/5; (ii) under the CBPP3 in accordance with Decision ECB/2014/40; (iii) under the ABSPP in accordance with Decision ECB/2014/45; and (iv) under the secondary markets public sector asset purchase programme (PSPP) in accordance with Decision (EU) 2015/774 of the European Central Bank (ECB/2015/10).
Съставено във Франкфурт на Майн на 2 юли 2015 година.
Done at Frankfurt am Main, 2 July 2015.
Решение (ЕС) 2015/774 на Европейската централна банка от 4 март 2015 г. относно програма за закупуване на активи на публичния сектор на вторичните пазари (ЕЦБ/2015/10) (ОВ L 121, 14.5.2015 г., стр. 20).
Decision (EU) 2015/774 of the European Central Bank of 4 March 2015 on a secondary markets public sector asset purchase programme (ECB/2015/10) (OJ L 121, 14.5.2015, p. 20).
Решение (ЕС) 2015/298 на Европейската централна банка от 15 декември 2014 г. относно междинното разпределяне на дохода на Европейската централна банка (ЕЦБ/2014/57) (ОВ L 53, 25.2.2015 г., стр. 24).
Decision (EU) 2015/298 of the European Central Bank of 15 December 2014 on the interim distribution of the income of the European Central Bank (ECB/2014/57) (OJ L 53, 25.2.2015, p. 24).
Решение (ЕС) 2015/774 на Европейската централна банка от 4 март 2015 г. относно програма за закупуване на активи на публичния сектор на вторичните пазари (ЕЦБ/2015/10) (ОВ L 121, 14.5.2015 г., стр. 20).“
Decision (EU) 2015/774 of the European Central Bank of 4 March 2015 on a secondary markets public sector asset purchase programme (ECB/2015/10) (OJ L 121, 14.5.2015, p. 20).’.
Решение (ЕС) 2015/1196 на Европейската централна банка
Decision (EU) 2015/1196 of the European Central Bank
за изменение на Решение ЕЦБ/2010/21 относно годишните отчети на Европейската централна банка (ЕЦБ/2015/26)
amending Decision ECB/2010/21 on the annual accounts of the European Central Bank (ECB/2015/26)
С Решение ЕЦБ/2010/21 [1] се определят правилата за изготвяне на годишните отчети на Европейската централна банка.
Decision ECB/2010/21 [1] lays down the rules for drawing up the annual accounts of the European Central Bank.
Необходимо е да се уточни финансовата отчетност по отношение на ценните книжа, емитирани от наднационални или международни организации, закупени като част от програмата за закупуване на активи на публичния сектор на вторичните пазари, установена с Решение (ЕС) 2015/774 на Европейската централна банка (ЕЦБ/2015/10) [2], с оглед на гарантирането на отчитането на тези държани ценни книжа по показател в актива 7.1.
There is a need to clarify the financial reporting of securities issued by supranational or international organisations purchased as part of the secondary markets public sector asset purchase programme established by Decision (EU) 2015/774 of the European Central Bank (ECB/2015/10) [2] with a view to ensure the reporting of these holdings under asset item 7.1.
Необходими са и някои допълнителни технически изменения на Решение ЕЦБ/2010/21.
Some further technical changes to Annex I to Decision ECB/2010/21 are also required.
Поради това Решение ЕЦБ/2010/21 следва да бъде съответно изменено,
Therefore, Decision ECB/2010/21 should be amended accordingly,
Приложение I към Решение ЕЦБ/2010/21 се заменя с приложението към настоящото решение.
Annex I to Decision ECB/2010/21 is replaced by the Annex to this Decision.
Решение ЕЦБ/2010/21 от 11 ноември 2010 г. относно годишните отчети на Европейската централна банка (ОВ L 35, 9.2.2011 г., стр. 1).
Decision ECB/2010/21 of 11 November 2010 on the annual accounts of the European Central Bank (OJ L 35, 9.2.2011, p. 1).
Монетарно злато, като салда по сметките на виждане в злато (неразпределени сметки), срочни депозити и вземания в злато, произтичащи от следните трансакции: а) трансакции за повишаване или понижаване на пробата; и б) суапове, свързани с разположението или чистотата на златото, когато има разлика повече от един работен ден между изписването и получаването
Non-physical gold, such as balances in gold sight accounts (unallocated accounts), term deposits and claims to receive gold arising from the following transactions: (a) upgrading or downgrading transactions; and (b) gold location or purity swaps where there is a difference of more than 1 business day between release and receipt
Външни заеми (депозити) за резиденти извън еврозоната, различни от тези по позиция в актива 11.3 „Други финансови активи“
External loans (deposits) to non-euro area residents other than those under asset item 11.3 “Other financial assets”
Други вземания от резиденти от еврозоната, различни от тези по позиция в актива 11.3 „Други финансови активи“
Other claims on euro area residents other than those under asset item 11.3 “Other financial assets”
Заеми за резиденти извън еврозоната, различни от тези по позиция в актива 11.3 „Други финансови активи“
Loans to non-euro area residents other than those under asset item 11.3 “Other financial assets”
Ценни книжа, емитирани от лица извън еврозоната, различни от тези по позиция в актива 11.3 „Други финансови активи“ или по позиция в актива 7.1 „Ценни книжа, държани за целите на паричната политика“
Securities issued by entities outside the euro area other than those under asset item 11.3 “Other financial assets” and asset item 7.1 “Securities held for monetary policy purposes”
Ценни книжа, емитирани от наднационални или международни организации, например Европейската инвестиционна банка, независимо от тяхното географско местоположение, които не са закупени за целите на паричната политика
Securities issued by supranational or international organisations, e.g. the European Investment Bank, irrespective of their geographical location, and not purchased for monetary policy purposes
Позиции 5.1 до 5.5: трансакции в зависимост от съответните инструменти на паричната политика, описани в Насоки (ЕС) 2015/510 на Европейската централна банка (ЕЦБ/2014/60) [1]
Items 5.1 to 5.5: transactions in accordance with the respective monetary policy instruments described in Guideline (EU) 2015/510 of the European Central Bank (ECB/2014/60) [1]
Обичайни обратни трансакции за осигуряване на ликвидност със седмична честота и обикновено едноседмичен падеж
Regular liquidity-providing reverse transactions with a weekly frequency and normally a maturity of 1 week
Обичайни обратни трансакции за осигуряване на ликвидност с месечна честота и обикновено с тримесечен падеж
Regular liquidity-providing reverse transactions with a monthly frequency and normally a maturity of 3 months
Разплащателни сметки, срочни депозити, еднодневни депозити, обратни репо-сделки във връзка с управлението на портфейли от ценни книжа по позиция на актива 7 „Ценни книжа на резиденти в еврозоната, деноминирани в евро“, включително трансакции, произтичащи от трансформирането на предишни резерви в чуждестранна валута в еврозоната, и други вземания.
Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of security portfolios under the asset item 7 “Securities of euro area residents denominated in euro”, including transactions resulting from the transformation of former foreign currency reserves of the euro area, and other claims.
Ценни книжа, държани за целите на паричната политика (включително ценни книжа, закупени за целите на паричната политика, емитирани от наднационални или международни организации, или от многостранни банки за развитие, независимо от тяхното географско местоположение).
Securities held for monetary policy purposes (including securities purchased for monetary policy purposes issued by supranational or international organisations, or multilateral development banks, irrespective of their geographical location).
Ценни книжа, различни от тези по позиция в актива 7.1 „Ценни книжа, държани за целите на паричната политика“ и по позиция в актива 11.3 „Други финансови активи“: облигации, полици, облигации с нулев купон, окончателно придобити книжа на паричния пазар, включително държавни ценни книжа отпреди създаването на Икономическия и паричен съюз, деноминирани в евро.
Securities other than those under asset item 7.1 “Securities held for monetary policy purposes” and under asset item 11.3 “Other financial assets”: notes and bonds, bills, zero bonds, money market paper held outright, including government securities stemming from before EMU, denominated in euro.
Вземания, свързани с емисията на банкноти на ЕЦБ, съгласно Решение ECB/2010/29 [2]
Claims related to the ECB's banknote issue, in accordance with Decision ECB/2010/29 [2]
Резултати от преоценка на валутни форуърди, валутни суапове, суапове върху лихвени проценти (освен ако се прилага ежедневният марж на отклонение), форуърдни споразумения с лихвено плащане, форуърдни трансакции с ценни книжа, валутни спот трансакции от датата на сделката до датата на сетълмента
Valuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps (unless daily variation margin applies), forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date
Позиции 2.1, 2.2, 2.3 и 2.5: депозити в евро съгласно Насоки (ЕС) 2015/510 (ЕЦБ/2014/60)
Items 2.1, 2.2, 2.3 and 2.5: deposits in euro as described in Guideline (EU) 2015/510 (ECB/2014/60)
Трансакции, свързани с паричната политика и насочени към изтегляне на ликвидност
Monetary policy-related transactions with the aim of liquidity absorption