natgillin/translations-raw huggingface dataset:
‘Eurosystem CB’ means the ECB or a euro area NCB,
“TARGET2-Securities (T2S)” or “T2S Platform” means the set of hardware, software and other technical infrastructure components through which the Eurosystem provides the services to participating CSDs and Eurosystem CBs that allow core, neutral and borderless settlement of securities transactions on a delivery-versus-payment basis in central bank money,
‘insolvency proceedings’ means insolvency proceedings within the meaning of Article 2(j) of Directive 98/26/EC,
“SSP-providing NCBs” means the Deutsche Bundesbank, the Banque de France and the Banca d'Italia in their capacity as the CBs building and operating the SSP for the Eurosystem's benefit,
‘TARGET2 network service provider’ means a provider of computerised network connections appointed by the ECB's Governing Council for the purpose of submitting payment messages in TARGET2,
“4CBs” means the Deutsche Bundesbank, the Banque de France, the Banca d'Italia and Banco de España in their capacity as the CBs building and operating the T2S Platform for the Eurosystem's benefit,
‘T2S network service provider’ means an undertaking that has concluded a licence agreement with the Eurosystem to provide connectivity services in the context of T2S,
“static data collection form” means a form developed by the ECB for the purpose of registering applicants for TARGET2-ECB services and registering any changes in relation to the provision of such services,
‘payee’, except where used in Article 28 of these Conditions, means a TARGET2 participant whose DCA will be credited as a result of a payment order being settled,
“suspension” means the temporary freezing of the rights and obligations of a participant for a period of time to be determined by the ECB,
‘payer’, except where used in Article 28 of these Conditions, means a TARGET2 participant whose DCA will be debited as a result of a payment order being settled,
“T2S GUI” means module on the T2S Platform which allows DCA holders to obtain on-line information and gives them the possibility to submit payment orders,
‘payment order’ means a DCA to PM liquidity transfer order, a PM to DCA liquidity transfer order or a DCA to DCA liquidity transfer order,
“TARGET2-ECB” means the TARGET2 component system of the ECB,
‘Payments Module (PM)’ means an SSP module in which payments of TARGET2 participants are settled on PM accounts,
“TARGET2” means the entirety resulting from all TARGET2 component systems of the CBs,
‘PM account’ means an account held by a TARGET2 participant in the PM with a Eurosystem CB which is necessary for such TARGET2 participant to:
“TARGET2 component system” means any of the CBs' real-time gross settlement (RTGS) systems that form part of TARGET2,
‘Single Shared Platform (SSP)’ means the single technical platform infrastructure provided by the SSP-providing NCBs,
“TARGET2 participant” means any participant in any TARGET2 component system,
‘TARGET2-Securities (T2S)’ or T2‘S Platform’ means the set of hardware, software and other technical infrastructure components through which the Eurosystem provides the services to participating CSDs and Eurosystem CBs that allow core, neutral and borderless settlement of securities transactions on a delivery-versus-payment basis in central bank money,
“participant” or “direct participant” means an entity that holds at least one PM account (PM account holder) and/or one Dedicated Cash Account (DCA holder) with a Eurosystem CB,
‘SSP-providing NCBs’ means the Deutsche Bundesbank, the Banque de France and the Banca d'Italia in their capacity as the CBs building and operating the SSP for the Eurosystem's benefit,
“technical malfunction of TARGET2” means any difficulty, defect or failure in the technical infrastructure and/or the computer systems used by TARGET2-ECB including the SSP or T2S Platform, or any other event that makes it impossible to execute and complete the same-day processing of payments in TARGET2-ECB,
’ means the Deutsche Bundesbank, the Banque de France, the Banca d'Italia and Banco de España in their capacity as the CBs building and operating the T2S Platform for the Eurosystem's benefit,
“available liquidity” means the credit balance on the DCA decreased by the amount of any processed reservations of liquidity or blocking of funds,
‘static data collection form’ means a form developed by the ECB for the purpose of registering applicants for TARGET2-ECB services and registering any changes in relation to the provision of such services,
“participating Central Securities Depository” or “participating CSD” means a CSD that has signed the T2S Framework Agreement,
‘suspension’ means the temporary freezing of the rights and obligations of a participant for a period of time to be determined by the ECB,
“A2A” or “Application-to-application” means a connectivity mode allowing the DCA holder to exchange information with the software application of the T2S Platform,
‘T2S GUI’ means module on the T2S Platform which allows DCA holders to obtain on-line information and gives them the possibility to submit payment orders,
“U2A” or “User-to-application” means a connectivity mode allowing the DCA holder to exchange information with software applications on the T2S Platform through a graphical user interface,
‘TARGET2-ECB’ means the TARGET2 component system of the ECB,
“T2S Distinguished Name” or “T2S DN” means the network address for the T2S Platform which must be included in all messages intended for the system,
‘TARGET2’ means the entirety resulting from all TARGET2 component systems of the CBs,
“branch” means a branch within the meaning of point (17) of Article 4(1) of Regulation (EU) No 575/2013,
‘TARGET2 component system’ means any of the CBs' real-time gross settlement (RTGS) systems that form part of TARGET2,
“non-settled payment order” means a payment order that is not settled on the same business day as that on which it is accepted,
‘TARGET2 participant’ means any participant in any TARGET2 component system,
“real-time gross settlement” means the processing and settlement of payment orders on a transaction by transaction basis in real-time.
‘technical malfunction of TARGET2’ means any difficulty, defect or failure in the technical infrastructure and/or the computer systems used by TARGET2-ECB including the SSP or T2S Platform, or any other event that makes it impossible to execute and complete the same-day processing of payments in TARGET2-ECB,
TARGET2 is legally structured as a multiplicity of payment systems composed of all the TARGET2 component systems, which are designated as “systems” under the national laws implementing Directive 98/26/EC.
‘available liquidity’ means the credit balance on the DCA decreased by the amount of any processed reservations of liquidity or blocking of funds,
TARGET2-ECB is designated as a “system” under the national laws implementing Directive 98/26/EC.
‘A2A’ or ‘Application-to-application’ means a connectivity mode allowing the DCA holder to exchange information with the software application of the T2S Platform,
DCA holders may collect information via the ICM, to the extent they also hold a PM account, or otherwise via the T2S GUI.
‘U2A’ or ‘User-to-application’ means a connectivity mode allowing the DCA holder to exchange information with software applications on the T2S Platform through a graphical user interface,
“C” for cash account
‘T2S Distinguished Name’ or ‘T2S DN’ means the network address for the T2S Platform which must be included in all messages intended for the system,
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.
‘branch’ means a branch within the meaning of point (17) of Article 4(1) of Regulation (EU) No 575/2013,
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
‘non-settled payment order’ means a payment order that is not settled on the same business day as that on which it is accepted,
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.
‘real-time gross settlement’ means the processing and settlement of payment orders on a transaction by transaction basis in real-time.
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.
TARGET2 is legally structured as a multiplicity of payment systems composed of all the TARGET2 component systems, which are designated as ‘systems’ under the national laws implementing Directive 98/26/EC.
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.
TARGET2-ECB is designated as a ‘system’ under the national laws implementing Directive 98/26/EC.
for settlement at a specific time, the XML tag “Time(/ExctnTp/Tm/)” shall be used;
DCA holders may collect information via the ICM, to the extent they also hold a PM account, or otherwise via the T2S GUI.
for settlement upon occurrence of a specific event, the XML tag “(EventType/ExctnTp/Evt/)” shall be used.
‘C’ for cash account
The validity period for standing liquidity transfer orders shall be set by the following XML tags: “FromDate/VldtyPrd/FrDt/” and “ToDate/VldtyPrd/ToDt/”.
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.
Information shall be provided in “pull” mode, which means that each DCA holder has to ask to be provided with information.
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
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.
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.
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”).
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.
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”).
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 terms and conditions for the Opening and Operation of a Dedicated Cash Account in TARGET2-ECB (hereinafter the “Rules”); and
for settlement at a specific time, the XML tag ‘Time(/ExctnTp/Tm/)’ shall be used;
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 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 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”).
Information shall be provided in ‘pull’ mode, which means that each DCA holder has to ask to be provided with information.
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
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 Rules and the [.] shall be referred to hereinafter as the “System Documents”.
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’).
Country-specific legal aspects [to the extent applicable]
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’).
General insolvency issues
the terms and conditions for the Opening and Operation of a Dedicated Cash Account in TARGET2-ECB (hereinafter the ‘Rules’); and
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”).
The Rules and the […] shall be referred to hereinafter as the ‘System Documents’ (and collectively with the DCA holder's Documents as the ‘Documents’).
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”).
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’).
Enforceability of System 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
Voidable preferences
The Rules and the [.] shall be referred to hereinafter as the ‘System Documents’.
Attachment
Country-specific legal aspects [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].
General insolvency issues
Collateral [if applicable]
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’).
Branches [to the extent applicable]
Attachment
18:45 – 19:00 (1)
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].
18:45 – 20:00
Collateral [if applicable]
19:00 – 19:30 (1)
Branches [to the extent applicable]
20:00 – 03:00
18:45 — 19:00 (1)
19:30 (1) – 22:00
18:45 — 20:00
22:00 – 01:00
19:00 — 19:30 (1)
03:00 – 05:00
19:30 (1) — 22:00
01:00 – 06:45
22:00 — 01:00
05:00 – 18:00
03:00 — 05:00
Partial settlement windows at 14:00 and 15:45 (5) (for 15 minutes)
Partial settlement windows at 14:00 and 15:45 (5) (for 15 minutes)
18:00 – 18:45
18:00 — 18:45
Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p.
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. 1).
1).’
Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1).“ ;
Amendments shall be deemed to have been accepted unless the DCA holder expressly objects within 14 days of being informed of such amendments.
Amendments shall be deemed to have been accepted unless the DCA holder expressly objects within 14 days of being informed of such amendments.
Each DCA holder using a direct connection shall have a connection to at least one T2S network service provider's secure IP network.
Rozhodnutí Evropské centrální banky (EU) 2015/1195
Decision (EU) 2015/1195 of the European Central Bank
ze dne 2. července 2015,
of 2 July 2015
kterým se mění rozhodnutí (EU) 2015/298 o prozatímním přerozdělování příjmu Evropské centrální banky (ECB/2015/25)
amending Decision (EU) 2015/298 on the interim distribution of the income of the European Central Bank (ECB/2015/25)
Rozhodnutím Evropské centrální banky (EU) 2015/774 (ECB/2015/10) [1] byl zaveden program nákupu aktiv veřejného sektoru na sekundárních trzích (secondary markets public sector asset purchase programme – PSPP).
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’).
V rozhodnutí Evropské centrální banky (EU) 2015/298 (ECB/2014/57) [2] je třeba upravit prozatímní přerozdělování příjmu ECB z programu PSPP.
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].
Rozhodnutí (EU) 2015/298 (ECB/2014/57) je proto třeba příslušným způsobem změnit,
Therefore, Decision (EU) 2015/298 (ECB/2014/57) should be amended accordingly,
V článku 1 rozhodnutí (EU) 2015/298 (ECB/2014/57) se písmeno d) nahrazuje tímto:
Point (d) of Article 1 of Decision (EU) 2015/298 (ECB/2014/57) is replaced by the following:
‚příjmem ECB z cenných papírů‘ se rozumí čistý příjem z nákupu cenných papírů i) v rámci SMP v souladu s rozhodnutím ECB/2010/5 (6), ii) v rámci CBPP3 v souladu s rozhodnutím ECB/2014/40, iii) v rámci ABSPP v souladu s rozhodnutím ECB/2014/45 a iv) v rámci programu nákupu aktiv veřejného sektoru na sekundárních trzích (PSPP) v souladu s rozhodnutím Evropské centrální banky (EU) 2015/774 (ECB/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).
Ve Frankfurtu nad Mohanem dne 2. července 2015.
Done at Frankfurt am Main, 2 July 2015.
Rozhodnutí Evropské centrální banky (EU) 2015/774 ze dne 4. března 2015 o programu nákupu aktiv veřejného sektoru na sekundárních trzích (ECB/2015/10) (Úř. věst.
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).
L 121, 14.5.2015, s. 20).
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).
Rozhodnutí Evropské centrální banky (EU) 2015/298 ze dne 15. prosince 2014 o prozatímním přerozdělování příjmu Evropské centrální banky (ECB/2014/57) (Úř. věst.
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).’.
Rozhodnutí Evropské centrální banky (EU) 2015/1196
Decision (EU) 2015/1196 of the European Central Bank
kterým se mění rozhodnutí ECB/2010/21 o ročních účetních závěrkách Evropské centrální banky (ECB/2015/26)
amending Decision ECB/2010/21 on the annual accounts of the European Central Bank (ECB/2015/26)
RADA GUVERNÉRŮ EVROPSKÉ CENTRÁLNÍ BANKY
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Rozhodnutí ECB/2010/21 [1] stanoví pravidla pro sestavování účetní závěrky Evropské centrální banky.
Decision ECB/2010/21 [1] lays down the rules for drawing up the annual accounts of the European Central Bank.