natgillin/translations-raw huggingface dataset:
Belånbarhedskriterierne og risikostyringsforanstaltningerne er underlagt Styrelsesrådets forudgående godkendelse.
‘small enterprise’ and ‘medium-sized enterprise’ means an entity engaged in an economic activity, irrespective of its legal form, where the reported sales for the entity, or if the entity is a part of a consolidated group for the consolidated group, are less than EUR 50 million;
som er underlagt lovgivningen i en anden medlemsstat end den medlemsstat, hvor den accepterende nationale centralbank har sit hjemsted, eller
‘structured loan’ means a structure involving subordinated credit claims;
som indgår i en pulje af gældsfordringer eller som har sikkerhed i fast ejendom, hvis lovgivningen, som gældsfordringen eller den relevante debitor (eller garanten hvis relevant) er underlagt, er lovgivningen i en anden medlemsstat i EU end den medlemsstat, hvor den nationale centralbank, der accepterer gældsfordringerne, har sit hjemsted.
‘syndicated loan’ means a loan provided by a group of lenders in a lending syndicate;
En anden national centralbank må kun yde støtte til en national centralbank, som accepterer gældsfordringer i henhold til stk. 1, hvis dette er aftalt bilateralt mellem begge nationale centralbanker og under forudsætning af Styrelsesrådets forudgående godkendelse.
‘leveraged loan’ means a loan provided to a company that already has a considerable degree of indebtedness, such as buy-out or take-over-financing, where the loan is used for the acquisition of the equity of a company which is also the obligor of the loan;
Artikel 5
‘servicing continuity provisions’ means provisions in the legal documentation of an asset-backed security that consist of either back-up servicer provisions or back-up servicer facilitator provisions (if there are no back-up servicer provisions).
Accept af visse kortfristede gældsinstrumenter
In the case of back-up servicer facilitator provisions, a back-up servicer facilitator should be nominated and mandated to find a suitable back-up servicer within 60 days of the occurrence of a trigger event in order to ensure timely payment and servicing of the asset-backed security.
De nationale centralbanker kan som sikkerhed for Eurosystemets pengepolitiske operationer acceptere visse kortfristede gældsinstrumenter, der ikke opfylder Eurosystemets belånbarhedskriterier for omsættelige aktiver som fastsat i bilag I til retningslinje ECB/2011/14.
These provisions shall also include servicer replacement triggers for the appointment of a back-up servicer.
Nationale centralbanker, som træffer beslutning om at acceptere kortfristede gældsinstrumenter i overensstemmelse med stk. 1, fastsætter de relevante belånbarhedskriterier og risikostyringsforanstaltninger, forudsat at de opfylder de mindstestandarder, som Styrelsesrådet har specificeret.
Such triggers may be rating-based and/or non-rating-based, e.g. non-performance of obligations by the current servicer.
Sådanne belånbarhedskriterier og risikostyringsforanstaltninger skal omfatte følgende kriterier, der gælder for kortfristede gældsinstrumenter:
Article 4
de er udstedt af ikke-finansielle selskaber [22], der har hjemsted i euroområdet.
Admission of certain additional credit claims
Hvis der anvendes en garant for det kortfristede gældsinstrument, skal denne også være et ikke-finansielt selskab, der har hjemsted i euroområdet, med mindre det ikke er nødvendigt at garantere for det kortfristede gældsinstrument for at overholde bestemmelserne om fastsættelse af høje kreditstandarder, som fastsat i litra d),
NCBs may accept as collateral for Eurosystem monetary policy operations credit claims that do not satisfy the Eurosystem eligibility criteria.
de kan ikke handles på et marked, som Eurosystemet har godkendt i henhold til afsnit 6.2.1.5 i bilag I til retningslinje ECB/2011/14,
NCBs that decide to accept credit claims in accordance with paragraph 1 shall establish eligibility criteria and risk control measures for this purpose by specifying deviations from the requirements of Annex I to Guideline ECB/2011/14.
de er denomineret i euro,
Such eligibility criteria and risk control measures shall include the criterion that the credit claims are governed by the laws of the Member State of the NCB establishing the eligibility criteria and risk control measures.
de opfylder de krav til høje kreditstandarder, som den relevante nationale centralbank har fastsat, og som finder anvendelse i stedet for kravene i afsnit 6.3.2 og 6.3.3 i bilag I til retningslinje ECB/2011/14,
The eligibility criteria and risk control measures shall be subject to the Governing Council's prior approval.
ud over litra a)-d) overholder de Eurosystemets belånbarhedskriterier for omsættelige aktiver i bilag I til retningslinje ECB/2011/14.
In exceptional circumstances NCBs may, subject to the Governing Council's prior approval, accept credit claims:
I denne artikel forstås ved »kortfristede gældsinstrumenter« gældsinstrumenter med en maksimal løbetid på 365 dage ved udstedelsen og på et hvilket som helst tidspunkt herefter.
governed by the law of any Member State other than the Member State in which the accepting NCB is established, or
Artikel 6
that are included in a pool of credit claims or backed by real estate assets, if the law governing the credit claim or the relevant debtor (or guarantor, where applicable) is that of any Member State other than the one in which the accepting NCB is established.
Accept af visse statsgaranterede bankobligationer
Another NCB shall only provide assistance to an NCB accepting credit claims pursuant to paragraph 1 if bilaterally agreed between both NCBs and subject to prior approval by the Governing Council.
En national centralbank er ikke forpligtet til som sikkerhed for Eurosystemets kreditoperationer at acceptere belånbare udækkede bankobligationer, der:
Article 5
ikke opfylder Eurosystemets krav til høje kreditstandarder,
Acceptance of certain short-term debt instruments
er fuldt ud garanteret af en medlemsstat:
NCBs may accept as collateral for Eurosystem monetary policy operations certain short-term debt instruments that do not satisfy the Eurosystem eligibility criteria for marketable assets laid down in Annex I to Guideline ECB/2011/14.
som ifølge Styrelsesrådets vurdering overholder et program fra EU/Den Internationale Valutafond.
NCBs that decide to accept short-term debt instruments in accordance with paragraph 1, shall establish the eligibility criteria and risk control measures for such purpose provided they meet the minimum standards specified by the Governing Council.
De nationale centralbanker underretter Styrelsesrådet, såfremt de træffer beslutning om ikke at acceptere de i stk. 1 beskrevne værdipapirer som sikkerhed.
Such eligibility criteria and risk control measures shall include the following criteria applicable to the short-term debt instruments.
Modparter må ikke stille udækkede bankobligationer, som de selv har udstedt, eller som er udstedt af enheder, med hvilke de har snævre forbindelser, og som er garanteret af en enhed i den offentlige sektor inden for EØS, der kan udskrive skatter, som sikkerhed for Eurosystemets pengepolitiske operationer ud over den nominelle værdi af disse obligationer, der allerede er stillet som sikkerhed den 3. juli 2012.
They are issued by non-financial corporations [22] that are established in the euro area.
I ganske særlige tilfælde kan Styrelsesrådet træffe beslutning om at meddele midlertidige dispensationer fra forbuddet i stk. 3 i op til tre år.
The guarantor of the short-term debt instrument (if any) must also be a non-financial corporation established in the euro area unless a guarantee is not needed for the short-term debt instrument to comply with the provisions on establishing high credit standards as set out in subparagraph (d).
Anmodning om en dispensation skal ledsages af en finansieringsplan, der angiver, hvorledes den anmodende modparts anvendelse af udækkede statsgaranterede bankobligationer til eget brug vil blive udfaset senest tre år efter meddelelsen af dispensationen.
They are not admitted to trading on a market regarded as acceptable by the Eurosystem as laid down in Section 6.2.1.5 of Annex I to Guideline ECB/2011/14.
Enhver dispensation, der er meddelt siden 3. juli 2012, vil gælde frem til det tidspunkt, hvor den skal revideres.
They are denominated in euro.
Artikel 7
They fulfil the requirements on high credit standards established by the relevant NCB which shall apply in place of the requirements of Sections 6.3.2 and 6.3.3 of Annex I to Guideline ECB/2011/14.
Omsættelige gældsinstrumenter, som omhandlet i afsnit 6.2.1 i bilag I til retningslinje ECB/2011/14, udgør, såfremt de er denomineret i pund sterling, yen eller amerikanske dollar, belånbar sikkerhed for Eurosystemets pengepolitiske operationer, forudsat at: a) de er udstedt og besiddes/afvikles i euroområdet, b) udsteder er etableret i Det Europæiske Økonomiske Samarbejdsområde, og c) de opfylder alle andre kriterier for belånbarhed i afsnit 6.2.1 i bilag I til retningslinje ECB/2011/14.
Other than as set out in subparagraphs (a) to (d), they are compliant with the Eurosystem eligibility criteria for marketable assets laid down in Annex I to Guideline ECB/2011/14.
Eurosystemet skal nedskrive værdien af sådanne omsættelige gældsinstrumenter som følger:
An NCB may not, unless it does so pursuant to a bilateral agreement with another NCB, accept short-term debt instruments pursuant to paragraphs 1 and 2 that are issued in the euro area:
Artikel 8
For the purposes of this Article ‘short-term debt instruments’ mean debt instruments with a maturity of no longer than 365 days at issuance and at any time subsequently.
Suspension af kravene til grænseværdier for kreditkvalitet for visse omsættelige instrumenter
Article 6
Eurosystemets mindstekrav til grænseværdier for kreditkvalitet, som fremgår af Eurosystemets rammer for kreditvurdering af omsættelige aktiver i afsnit 6.3.2 i bilag I til retningslinje ECB/2011/14, suspenderes i overensstemmelse med stk. 2.
Acceptance of certain government-guaranteed bank bonds
Eurosystemets grænseværdier for kreditkvalitet finder ikke anvendelse på omsættelige gældsinstrumenter, der er udstedt eller fuldt ud garanteret af centralregeringerne i medlemsstater i euroområdet, der er underlagt et program fra EU/Den Internationale Valutafond, medmindre Styrelsesrådet træffer beslutning om, at den pågældende medlemsstater ikke overholder de betingelser, der er knyttet til den finansielle støtte og/eller det makroøkonomiske program.
An NCB shall not be obliged to accept as collateral for Eurosystem credit operations eligible uncovered bank bonds which:
Omsættelige gældsinstrumenter, som er udstedt eller fuldt ud garanteret af centralregeringen i Den Hellenske Republik eller Republikken Cypern, underlægges de særlige haircuts, der fremgår af bilag I til denne retningslinje.
do not fulfil the Eurosystem's requirement of high credit standards;
Virkning, gennemførelse og anvendelse
are fully guaranteed by a Member State:
Artikel 6 finder anvendelse indtil den 28. februar 2015.
which is compliant with a European Union/International Monetary Fund programme, as assessed by the Governing Council.
Artikel 10
NCBs shall inform the Governing Council whenever they decide not to accept as collateral the securities described in paragraph 1.
Ændring af retningslinje ECB/2007/9
Counterparties may not submit as collateral for Eurosystem monetary policy operations uncovered bank bonds issued by themselves or issued by closely linked entities and guaranteed by a European Economic Area public sector entity with the right to impose taxes in excess of the nominal value of these bonds already submitted as collateral on 3 July 2012.
Afsnittet, der følger tabel 2 i del 5 i bilag III, erstattes af følgende:
In exceptional cases, the Governing Council may decide on temporary derogations from the requirement laid down in paragraph 3 for a maximum of three years.
»Beregning af engangsfradrag til kontrol (R6):
A request for a derogation shall be accompanied by a funding plan that indicates how the own use of uncovered government-guaranteed bank bonds by the requesting counterparty will be phased out by no later than three years following the approval of the derogation.
Engangsfradrag:
Any derogation already granted since 3 July 2012 shall continue to apply until it is due for review.
Fradraget gælder for alle kreditinstitutter.
Article 7
Retningslinje ECB/2013/4 ophæves fra den 20. august 2014.
and (c) they fulfil all other eligibility criteria included in Section 6.2.1 of Annex I to Guideline ECB/2011/14.
Henvisninger til retningslinje ECB/2013/4 skal forstås som henvisninger til denne retningslinje og læses efter sammenligningstabellen i bilag IV.
The Eurosystem shall apply the following valuation markdowns to such marketable debt instruments:
Denne retningslinje er rettet til alle centralbanker i Eurosystemet.
Marketable debt instruments described in paragraph 1, which have coupons linked to a single money market rate in their currency of denomination or to an inflation index containing no discrete range, range accrual, ratchet or similar complex structures for the respective country, shall also constitute eligible collateral for the purposes of Eurosystem monetary policy operations.
Udfærdiget i Frankfurt am Main, den 9. juli 2014.
The ECB may publish a list of other acceptable benchmark foreign currency interest rates, in addition to those referred to in paragraph 3, on its website at www.ecb.europa.eu, following approval by the Governing Council.
Mario Draghi
Only Articles 1, 3, 6, 7 and 9 of this Guideline shall apply to foreign currency denominated marketable assets.
Retningslinje ECB/2013/4 af 20. marts 2013 om yderligere midlertidige foranstaltninger vedrørende Eurosystemets refinansieringstransaktioner og belånbar sikkerhed og om ændring af retningslinje ECB/2007/9 (EUT L 95 af 5.4.2013, s. 23).
Article 8
Retningslinje ECB/2011/14 af 20. september 2011 om Eurosystemets pengepolitiske instrumenter og procedurer (EUT L 331 af 14.12.2011, s. 1).
Suspension of the requirements for credit quality thresholds for certain marketable instruments
Afgørelse ECB/2011/25 af 14. december 2011 om yderligere midlertidige foranstaltninger vedrørende Eurosystemets refinansieringstransaktioner og belånbar sikkerhed (EUT L 341 af 22.12.2011, s. 65).
The Eurosystem's minimum requirements for credit quality thresholds, as specified in the Eurosystem credit assessment framework rules for marketable assets in Section 6.3.2 of Annex I to Guideline ECB/2011/14 shall be suspended in accordance with paragraph 2.
Retningslinje ECB/2007/9 af 1. august 2007 om monetær statistik og statistik over finansielle institutioner og markeder (EUT L 341 af 27.12.2007, s. 1).
The Eurosystem's credit quality threshold shall not apply to marketable debt instruments issued or fully guaranteed by the central governments of euro area Member States under a European Union/International Monetary Fund programme, unless the Governing Council decides that the respective Member State does not comply with the conditionality of the financial support and/or the macroeconomic programme.
Den Europæiske Centralbanks forordning (EF) nr. 1745/2003 af 12. september 2003 om anvendelsen af mindstereserver (ECB/2003/9) (EUT L 250 af 2.10.2003, s. 10).
Marketable debt instruments issued or fully guaranteed by the central government of the Hellenic Republic or the Republic of Cyprus shall be subject to the specific haircuts set out in Annexes I and II to this Guideline, respectively.
Den Europæiske Centralbanks forordning (EU) nr. 1358/2011 af 14. december 2011 om ændring af forordning (EF) nr. 1745/2003 om anvendelse af mindstereserver (ECB/2003/9) (ECB/2011/26) (EUT L 338 af 21.12.2011, s. 51).
Article 9
Afgørelse ECB/2012/4 af 21. marts 2012 om ændring af afgørelse ECB/2011/25 om yderligere midlertidige foranstaltninger vedrørende Eurosystemets refinansieringstransaktioner og belånbar sikkerhed (EUT L 91 af 29.3.2012, s. 27).
Taking effect, implementation and application
Afgørelse ECB/2012/12 af 3. juli 2012 om ændring af afgørelse ECB/2011/25 om yderligere midlertidige foranstaltninger vedrørende Eurosystemets refinansieringstransaktioner og belånbar sikkerhed (EUT L 186 af 14.7.2012, s. 38).
This Guideline shall take effect on 9 July 2014.
Retningslinje ECB/2012/23 af 10. oktober 2012 om ændring af retningslinje ECB/2012/18 om yderligere midlertidige foranstaltninger vedrørende Eurosystemets refinansieringstransaktioner og belånbar sikkerhed (EUT L 284 af 17.10.2012, s. 14).
They shall notify the ECB of the texts and means relating to measures relating to Article 1(3), Article 3(2), (3), (5) and (6), Article 3(7)(g), Article 4(3)(c) and Article 8(3) by 6 August 2014 at the latest, and any measures relating to Article 5 in accordance with the procedures specified by the Governing Council.
Retningslinje ECB/2013/2 af 23. januar 2013 om ændring af retningslinje ECB/2012/18 om yderligere midlertidige foranstaltninger vedrørende Eurosystemets refinansieringstransaktioner og belånbar sikkerhed (EUT L 34 af 5.2.2013, s. 18).
Article 6 shall apply until 28 February 2015.
Afgørelse ECB/2012/34 af 19. december 2012 om midlertidige ændringer af reglerne for belånbar sikkerhed denomineret i udenlandsk valuta (EUT L 14 af 18.1.2013, s. 22).
Article 10
Afgørelse ECB/2011/4 af 31. marts 2011 om midlertidige foranstaltninger vedrørende belånbarheden af omsættelige gældsinstrumenter, som er udstedt eller garanteret af den irske stat (EUT L 94 af 8.4.2011, s. 33).
Amendment to Guideline ECB/2007/9
Afgørelse ECB/2011/10 af 7. juli 2011 om midlertidige foranstaltninger vedrørende belånbarheden af omsættelige gældsinstrumenter, som er udstedt eller garanteret af den portugisiske stat (EUT L 182 af 12.7.2011, s. 31).
In Part 5 of Annex III the paragraph following Table 2 is replaced by the following:
Afgørelse ECB/2012/32 af 19. december 2012 om midlertidige foranstaltninger vedrørende belånbarheden af omsættelige gældsinstrumenter, som er udstedt eller fuldt ud garanteret af Den Hellenske Republik (EUT L 359 af 29.12.2012, s. 74).
‘Calculation of lump-sum allowance for control purposes (R6):
Afgørelse ECB/2013/22 af 5. juli 2013 om midlertidige foranstaltninger vedrørende belånbarheden af omsættelige gældsinstrumenter, som er udstedt eller fuldt ud garanteret af Republikken Cypern (EUT L 195 af 18.7.2013, s. 27).
Lump-sum allowance:
Retningslinje ECB/2014/12 af 12. marts 2014 om ændring af retningslinje ECB/2013/4 om yderligere midlertidige foranstaltninger vedrørende Eurosystemets refinansieringstransaktioner og belånbar sikkerhed (EUT L 166 af 5.6.2014, s. 42).
The allowance is applied to every credit institution.
Afgørelse ECB/2013/36 af 26. september 2013 om yderligere midlertidige foranstaltninger vedrørende Eurosystemets refinansieringstransaktioner og belånbar sikkerhed (EUT L 301 af 12.11.2013, s. 13).
Each credit institution deducts a maximum lump sum designed to reduce the administrative cost of managing very small reserve requirements.
Findes på ECB's websted www.ecb.europa.eu.
The minimum (or “required”) reserves are computed as follows: Minimum (or “required”) reserves = reserve base × reserve ratio — lump sum allowance
EUT L 250 af 2.10.2003, s. 10.«
The reserve ratio applies in accordance with Regulation (EC) No 1745/2003 (ECB/2003/9). .
BILAG I
Article 11
Oversigt over haircuts for omsættelige gældsinstrumenter, som er udstedt eller fuldt ud garanteret af Den Hellenske Republik
Repeal
Græske statsobligationer (GGB'er)
Guideline ECB/2013/4 is repealed from 20 August 2014.
Løbetidskurv
References to Guideline ECB/2013/4 shall be construed as references to this Guideline and shall be read in accordance with the correlation table in Annex IV.
Haircuts for gældsinstrumenter med fast kuponrente og variabel kuponrente
Article 12
Haircuts for gældsinstrumenter med nulkuponrente
Addressees
Statsgaranterede bankobligationer og statsgaranterede ikke-finansielle erhvervsobligationer
This Guideline is addressed to all Eurosystem central banks.
BILAG II
Done at Frankfurt am Main, 9 July 2014.
Oversigt over haircuts for omsættelige gældsinstrumenter, som er udstedt eller fuldt ud garanteret af Republikken Cypern
The President of the ECB
Statsobligationer
Guideline ECB/2013/4 of 20 March 2013 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral and amending Guideline ECB/2007/9 (OJ L 95, 5.4.2013, p. 23).
Statsgaranterede bankobligationer og statsgaranterede ikke-finansielle erhvervsobligationer
Guideline ECB/2011/14 of 20 September 2011 on monetary policy instruments and procedures of the Eurosystem (OJ L 331, 14.12.2011, p. 1).
BILAG III
Decision ECB/2011/25 of 14 December 2011 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral (OJ L 341, 22.12.2011, p. 65).
OPHÆVET RETNINGSLINJE MED LISTE OVER DENS EFTERFØLGENDE ÆNDRINGER
Guideline ECB/2007/9 of 1 August 2007 on monetary, financial institutions and markets statistics (OJ L 341, 27.12.2007, p. 1).
Retningslinje ECB/2013/4 (EUT L 95 af 5.4.2013, s. 23)
Regulation (EC) No 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves (ECB/2003/9) (OJ L 250, 2.10.2003, p. 10).
Retningslinje ECB/2014/12 (EUT L 166 af 5.6.2014, s. 42)
Regulation (EU) No 1358/2011 of the European Central Bank of 14 December 2011 amending Regulation (EC) No 1745/2003 on the application of minimum reserves (ECB/2003/9) (ECB/2011/26) (OJ L 338, 21.12.2011, p. 51).
BILAG IV
Decision ECB/2012/4 of 21 March 2012 amending Decision ECB/2011/25 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral (OJ L 91, 29.3.2012, p. 27).
SAMMENLIGNINGSTABEL
Decision ECB/2012/12 of 3 July 2012 amending Decision ECB/2011/25 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral (OJ L 186, 14.7.2012, p. 38).
Retningslinje ECB/2013/4
Guideline ECB/2012/18 of 2 August 2012 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral and amending Guideline ECB/2007/9 (OJ L 218, 15.8.2012, p. 20).
Denne retningslinje
Guideline ECB/2012/23 of 10 October 2012 amending Guideline ECB/2012/18 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral (OJ L 284, 17.10.2012, p. 14).
Artikel 1 og 2
Guideline ECB/2013/2 of 23 January 2013 amending Guideline ECB/2012/18 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral (OJ L 34, 5.2.2013, p. 18).
Artikel 3, stk. 4 og 5
Decision ECB/2012/34 of 19 December 2012 on temporary changes to the rules relating to the eligibility of foreign currency denominated collateral (OJ L 14, 18.1.2013, p. 22).
Artikel 3, stk. 6
Decision ECB/2011/4 of 31 March 2011 on temporary measures relating to the eligibility of marketable debt instruments issued or guaranteed by the Irish Government (OJ L 94, 8.4.2011, p. 33).
Artikel 3, stk. 7
Decision ECB/2011/10 of 7 July 2011 on temporary measures relating to the eligibility of marketable debt instruments issued or guaranteed by the Portuguese Government (OJ L 182, 12.7.2011, p. 31).
Artikel 3, stk. 6, nr. 1
Decision ECB/2012/32 of 19 December 2012 on temporary measures relating to the eligibility of marketable debt instruments issued or fully guaranteed by the Hellenic Republic (OJ L 359, 29.12.2012, p. 74).
Artikel 3, stk. 7, litra a)
Decision ECB/2013/22 of 5 July 2013 on temporary measures relating to the eligibility of marketable debt instruments issued or fully guaranteed by the Republic of Cyprus (OJ L 195, 18.7.2013, p. 27).
Artikel 3, stk. 6, nr. 2
Guideline ECB/2014/12 of 12 March 2014 amending Guideline ECB/2013/4 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral and amending Guideline ECB/2007/9 (OJ L 166, 5.6.2014, p. 42).
Artikel 3, stk. 7, litra b)
Decision ECB/2013/36 of 26 September 2013 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral (OJ L 301, 12.11.2013, p. 13).