natgillin/translations-raw huggingface dataset:
‘TARGET2’ means the entirety resulting from all TARGET2 component systems of the CBs,
“TARGET2-ECB” means the TARGET2 component system of the ECB,
‘TARGET2 component system’ means any of the CBs' real-time gross settlement (RTGS) systems that form part of TARGET2,
“TARGET2” means the entirety resulting from all TARGET2 component systems of the CBs,
‘TARGET2 participant’ means any participant in any TARGET2 component system,
“TARGET2 component system” means any of the CBs' real-time gross settlement (RTGS) systems that form part of TARGET2,
‘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,
“TARGET2 participant” means any participant in any TARGET2 component system,
‘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,
“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,
‘available liquidity’ means the credit balance on the DCA decreased by the amount of any processed reservations of liquidity or blocking of funds,
“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,
‘participating Central Securities Depository’ or ‘participating CSD’ means a CSD that has signed the T2S Framework Agreement,
“available liquidity” means the credit balance on the DCA decreased by the amount of any processed reservations of liquidity or blocking of funds,
‘A2A’ or ‘Application-to-application’ means a connectivity mode allowing the DCA holder to exchange information with the software application of the T2S Platform,
“participating Central Securities Depository” or “participating CSD” means a CSD that has signed the T2S Framework Agreement,
‘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,
“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 Distinguished Name’ or ‘T2S DN’ means the network address for the T2S Platform which must be included in all messages intended for the system,
“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,
‘branch’ means a branch within the meaning of point (17) of Article 4(1) of Regulation (EU) No 575/2013,
“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,
‘non-settled payment order’ means a payment order that is not settled on the same business day as that on which it is accepted,
“branch” means a branch within the meaning of point (17) of Article 4(1) of Regulation (EU) No 575/2013,
‘real-time gross settlement’ means the processing and settlement of payment orders on a transaction by transaction basis in real-time.
“non-settled payment order” means a payment order that is not settled on the same business day as that on which it is accepted,
By virtue of Guideline ECB/2012/27 (*), TARGET2 also provides real-time gross settlement services in respect of T2S transactions for DCA holders having ensured a link with a securities account at a participating CSD.
“real-time gross settlement” means the processing and settlement of payment orders on a transaction by transaction basis in real-time.
TARGET2 is legally structured as a multiplicity of payment systems composed of all the TARGET2 component systems, which are designated as ‘systemsf’ under the national laws implementing Directive 98/26/EC.
By virtue of Guideline ECB/2012/27 (*), TARGET2 also provides real-time gross settlement services in respect of T2S transactions for DCA holders having ensured a link with a securities account at a participating CSD.
TARGET2-ECB is designated as a ‘system’ under the national laws implementing Directive 98/26/EC.
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.
DCA holders may collect information via the ICM, to the extent they also hold a PM account, or otherwise via the T2S GUI.
TARGET2-ECB is designated as a “system” under the national laws implementing Directive 98/26/EC.
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.
DCA holders may collect information via the ICM, to the extent they also hold a PM account, or otherwise via the T2S GUI.
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
“C” for cash account
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 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 (Burgerliches 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 (Bürgerliches 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”).
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 terms and conditions for the Opening and Operation of a Dedicated Cash Account in TARGET2-ECB (hereinafter the “Rules”); and
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 Rules and the […] shall be referred to hereinafter as the “System Documents” (and collectively with the DCA holder's Documents as the “Documents”).
Country-specific legal aspects [to the extent applicable]
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”).
General insolvency issues
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 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”.
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’).
Country-specific legal aspects [to the extent applicable]
Enforceability of System Documents
General insolvency issues
Voidable preferences
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”).
Attachment
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”).
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].
Enforceability of System Documents
Collateral [if applicable]
Voidable preferences
Branches [to the extent applicable]
Attachment
The reference time for the system is the local time at the seat of the ECB, i.e.
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].
CET(**).
Collateral [if applicable]
18:45 — 19:00 (1)
Branches [to the extent applicable]
20:00 — 03:00
The reference time for the system is the local time at the seat of the ECB, i.e. CET (**).
19:30 (1) — 22:00
18:45 – 19:00 (1)
22:00 — 01:00
18:45 – 20:00
03:00 — 05:00
19:00 – 19:30 (1)
01:00 — 06:45
20:00 – 03:00
05:00 — 18:00
19:30 (1) – 22:00
Partial settlement windows at 14:00 and 15:45 (5) (for 15 minutes)
22:00 – 01:00
06:45 — 07:00
03:00 – 05:00
18:00 — 18:45
01:00 – 06:45
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).
05:00 – 18:00
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).«.
Partial settlement windows at 14:00 and 15:45 (5) (for 15 minutes)
Formand for ECB
06:45 – 07:00
If the AL group uses the CAI mode, accounts not included in the AL mode shall pay the CAI monthly fee of EUR 100 per account.
07:00 – 18:00
Participation pursuant to these Conditions shall not create a contractual relationship between participants and SSP-providing NCBs or the 4CBs when any of the latter act in that capacity.
18:00 – 18:45
They shall have at least one DCA with the ECB.
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.
Den Europæiske Centralbanks afgørelse (EU) 2015/1195
Decision (EU) 2015/1195 of the European Central Bank
af 2. juli 2015
of 2 July 2015
om ændring af afgørelse (EU) 2015/298 om foreløbig fordeling af Den Europæiske Centralbanks indtægter (ECB/2015/25)
amending Decision (EU) 2015/298 on the interim distribution of the income of the European Central Bank (ECB/2015/25)
Den Europæiske Centralbanks afgørelse (EU) 2015/774 (ECB/2015/10) [1] fastsætter et program til opkøb af den offentlige sektors aktiver på det sekundære marked (herefter »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’).
Den foreløbige fordeling af ECBs indtægt fra PSPP skal reguleres i Den Europæiske Centralbanks afgørelse (EU) 2015/298 (ECB/2014/57) [2].
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].
Afgørelse (EU) 2015/298 (ECB/2014/57) bør derfor ændres i overensstemmelse hermed —
Therefore, Decision (EU) 2015/298 (ECB/2014/57) should be amended accordingly,
Artikel 1, litra d), i afgørelse (EU) 2015/298 (ECB/2014/57) erstattes af følgende:
Point (d) of Article 1 of Decision (EU) 2015/298 (ECB/2014/57) is replaced by the following:
Udfærdiget i Frankfurt am Main, den 2. juli 2015.
Entry into force
Mario Draghi
This Decision shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
Den Europæiske Centralbanks afgørelse (EU) 2015/774 af 4. marts 2015 om et program til opkøb af den offentlige sektors aktiver på det sekundære marked (ECB/2015/10) (EUT L 121 af 14.5.2015, s. 20).
Done at Frankfurt am Main, 2 July 2015.
Den Europæiske Centralbanks afgørelse (EU) 2015/298 af 15. december 2014 om foreløbig fordeling af Den Europæiske Centralbanks indtægter (ECB/2014/57) (EUT L 53 af 25.2.2015, s. 24).
The President of the ECB
Den Europæiske Centralbanks afgørelse (EU) 2015/774 af 4. marts 2015 om et program til opkøb af den offentlige sektors aktiver på det sekundære marked (ECB/2015/10) (EUT L 121 af 14.5.2015, s. 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).
nettoindtægterne fra ECB's køb af værdipapirer: i) under programmet vedrørende værdipapirmarkederne i overensstemmelse med afgørelse ECB/2010/5, ii) under det tredje program vedrørende køb af særligt dækkede obligationer i overensstemmelse med afgørelse ECB/2014/40, iii) under programmet vedrørende køb af værdipapirer af asset-backed typen i overensstemmelse med afgørelse ECB/2014/45, og iv) under programmet til opkøb af den offentlige sektors aktiver på det sekundære marked i overenstemmelse med Den Europæiske Centralbanks afgørelse (EU) 2015/774 (ECB/2015/10).Artikel 2
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).
Formand for ECB
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).’.
Den Europæiske Centralbanks afgørelse (EU) 2015/1196
Decision (EU) 2015/1196 of the European Central Bank
om ændring af afgørelse ECB/2010/21 om Den Europæiske Centralbanks årsregnskab (ECB/2015/26)
amending Decision ECB/2010/21 on the annual accounts of the European Central Bank (ECB/2015/26)
Den Europæiske Centralbanks afgørelse ECB/2010/21 [1] fastsætter reglerne for udarbejdelse af årsregnskabet for Den Europæiske Centralbank.
Decision ECB/2010/21 [1] lays down the rules for drawing up the annual accounts of the European Central Bank.
Der er behov for at præcisere regnskabsrapporteringen for værdipapirer, der er udstedt af overnationale eller internationale organisationer, og som er opkøbt i henhold til programmet til opkøb af den offentlige sektors aktiver på det sekundære marked, der blev oprettet af Den Europæiske Centralbank ved afgørelse (EU) 2015/774 (ECB/2015/10) [2], med henblik på at sikre indberetningen af disse beholdninger under aktivpost 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.
Endvidere kræves der visse yderligere tekniske ændringer til bilag I til afgørelse ECB/2010/21.
Some further technical changes to Annex I to Decision ECB/2010/21 are also required.
Afgørelse ECB/2010/21 bør derfor ændres i overensstemmelse hermed —
Therefore, Decision ECB/2010/21 should be amended accordingly,
Bilag I til afgørelse ECB/2010/21 erstattes med bilaget til denne afgørelse.
Annex I to Decision ECB/2010/21 is replaced by the Annex to this Decision.
Udfærdiget i Frankfurt am Main, den 2. juli 2015.
Done at Frankfurt am Main, 2 July 2015.
Den Europæiske Centralbanks afgørelse ECB/2010/21 af 11. november 2010 om Den Europæiske Centralbanks årsregnskab (EUT L 35 af 9.2.2011, s. 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).
Den Europæiske Centralbanks afgørelse (EU) 2015/774 af 4. marts 2015 om et program til opkøb af den offentlige sektors aktiver på det sekundære marked (ECB/2015/10) (EUT L 121 af 14.5.2015, s. 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).
Ikke-fysisk guld, såsom tilgodehavender på anfordringskonti i guld (kollektive konti), tidsindskud og tilgodehavender i guld fra følgende transaktionsformer: a) op- og nedklassificeringstransaktioner og b) guldplacerings- og purity swaps, hvor der er en forskel på mere end én bankdag mellem frigørelse og modtagelse
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