natgillin/translations-raw huggingface dataset:
Stressscenariet estimeres som den pågældende PRIIP's værdi ved starten af den mellemliggende periode i overensstemmelse med det percentilniveau, der svarer til 1 % for 1 år og til 5 % for de øvrige investeringsperioder af den simulerede distribution i henhold til punkt 13.
For PRIIPs with a recommended holding period of 1 year or less, no performance scenarios for intermediate holding periods shall be shown.
Generelle krav
For Category 2 PRIIPs, the values to be shown for the intermediate periods shall be calculated using the formulas in point 9 to 11 of this Annex with the N defined to be the number of trading periods from the start date to the end of the intermediate period.
Resultatet for den pågældende PRIIP beregnes eksklusive alle relevante omkostninger i overensstemmelse med bilag VI for det pågældende scenarie og den pågældende investeringsperiode.
For Category 1 PRIIPs and Category 4 PRIIPs, the values to be shown for the intermediate periods shall be estimated by the PRIIP manufacturer in a manner consistent with the estimation at the end of the recommended holding period.
Resultatet skal angives i monetære enheder.
To this end, the method used to estimate the value of the PRIIP at the start of each intermediate period needs to produce the same value for the entire recommended holding period, as under the method prescribed in points 16 and 15 of this Annex respectively.
De anvendte beløb skal være i overensstemmelse med beløbene, til hvilke der henvises i punkt 90 i bilag VI.
For Category 3 PRIIPs, to produce the favourable, moderate, unfavourable and stress scenarios at an intermediate period before the end of the recommended holding period, the manufacturer shall pick three underlying simulations as referred to in points 16 to 24 of Annex II used for the calculation of the MRM and one underlying simulation as referred to in point 13 of this Annex, on the basis of underlying levels only and in such a manner that the simulated value of the PRIIPs for that intermediate period is likely to be consistent with the relevant scenario.
Resultatet skal også angives som en procentdel som det gennemsnitlige årlige afkast på investeringen.
To produce the favourable, moderate, unfavourable and stress scenarios at an intermediate period for a Category 3 PRIIP with one underlying and whose value is known to be a increasing function of its underlying level, the manufacturer shall pick three underlying simulations as referred to in points 16 to 24 of Annex II used for the calculation of the MRM and one underlying simulation as referred to in point 13 of this Annex, leading respectively to the 90th percentile level for the favourable scenario, the 50th percentile level for the moderate scenario, the 10th percentile level for the unfavourable scenario and the percentile level that corresponds to 1 % for 1 year and to 5 % for the other holding periods for the stress scenario.
Dette tal beregnes med nettoresultatet som tælleren og det oprindelige investeringsbeløb eller den betalte kurs som nævneren.
To produce the favourable, moderate, unfavourable and stress scenarios at an intermediate period for a Category 3 PRIIP with one underlying and whose value is known to be an decreasing function of its underlying level, the manufacturer shall pick three underlying simulations as referred to in points 16 to 24 of Annex II used for the calculation of the MRM and one underlying simulation as referred to in point 13 of this Annex, leading respectively to the 90 the percentile level for the unfavourable scenario, the 50th percentile level for the moderate scenario, the 10th percentile level for the favourable scenario and the percentile level that corresponds to 1 % for 1 year and to 5 % for the other holding periods for the stress scenario.
I forbindelse med PRIIP'er, hvor der ikke foreligger en oprindelig investering eller betalt kurs, såsom futures-kontrakter eller swaps, skal procentdelen beregnes ved hjælp af kontraktens nominelle værdi, og der skal tilføjes en fodnote med en forklaring af beregningen.
To produce the favourable, moderate, unfavourable and stress scenarios at an intermediate period for a Category 3 PRIIP other than those mentioned in points (a) and (b) the manufacturer shall choose underlying values consistent with the 90th, the 50th, and the 10th percentile levels and the percentile level that corresponds to 1 % for 1 year and to 5 % for the other holding periods of the PRIIP and use these values as the seed values for a simulation to determine the value of the PRIIP.
I forbindelse med et forsikringsbaseret investeringsprodukt gælder foruden de ovennævnte metoder inklusive under punkt 15 følgende ved beregning af resultatscenarierne for investeringen:
For Category 1 PRIIPs that are futures, call options and put options traded on a regulated market or on a third-country market considered to be equivalent to a regulated market in accordance with Article 28 of Regulation (EU) No 600/2014, performance scenarios for intermediate holding periods shall not be included.
der skal tages højde for fremtidig andel i overskuddet
For favourable, moderate and unfavourable scenarios at intermediate periods, the estimate of the distribution used to read the value of the PRIIP at different percentiles shall be consistent with the observed return and volatility observed over the past 5 years of all market instruments that determine the PRIIP's value.
forventninger om fremtidig andel i overskuddet skal være i overensstemmelse med forventningen om de årlige afkastgrader på de underliggende aktiver
For the stress scenario at intermediate periods, the estimate of the distribution used to read the value of the PRIIP at different percentiles shall be consistent with the simulated distribution of all market instruments that determine the PRIIP's value as set out in points 11 and 13.
forventninger om, hvordan fremtidige overskud fordeles mellem PRIIP-producenten og detailinvestoren og andre forventninger om fremtidig overskudsdeling skal være realistiske og i overensstemmelse med PRIIP-producentens nuværende forretningspraksis og forretningsstrategi.
The unfavourable scenario shall be the estimate of the value of the PRIIP at the start of the intermediate period consistent with the 10th percentile.
Hvis der er tilstrækkelig dokumentation for, at selskabet vil ændre sin praksis eller strategi, skal forventningerne om fremtidig overskudsdeling stemme overens med den ændrede praksis eller strategi.
The moderate scenario shall be the estimate of the value of the PRIIP at the start of the intermediate period consistent with the 50th percentile.
For livsforsikringsselskaber inden for rammerne af direktiv 2009/138/EF skal disse forventninger være i overensstemmelse med forventningerne om fremtidige ledelseshandlinger anvendt til værdiansættelse af forsikringsmæssige hensættelser i Solvens II-regnskabet
The favourable scenario shall be the estimate of the value of the PRIIP at the start of the intermediate period consistent with the 90th percentile.
hvis en af resultatkomponenterne vedrører overskudsdeling, der udbetales på skønsmæssig basis, må denne komponent kun antages i de fordelagtige resultatscenarier:
The stress scenario shall be the estimate of the value of the PRIIP at the start of the intermediate period consistent with the percentile level that corresponds to 1 % for 1 year and to 5 % for the other holding periods of the simulated distribution as set out in point 13.
resultatscenarierne beregnes på baggrund af de investeringsbeløb, der er angivet i punkt 32 i dette bilag.
General requirements
BILAG V
The performance of the PRIIP shall be calculated net of all applicable costs in accordance with Annex VI for the scenario and holding period being presented.
METODE TIL PRÆSENTATION AF RESULTATSCENARIER
Performance shall be presented in monetary units.
Generelle præsentationsspecifikationer
The amounts used shall be consistent with the amounts referred to in point 90 of Annex VI.
Resultatscenarierne skal præsenteres på en måde, som er fair, præcis, klar og ikke misvisende, og som må forventes at blive forstået af gennemsnitsdetailinvestoren.
Performance shall also be presented in percentage terms, as the average annual return of the investment.
Hvis resultatscenarier kun vises ved udløbsdatoen eller ved afslutningen af den anbefalede investeringsperiode, som i forbindelse med de angivne PRIIP'er i punkt 21 i bilag IV, skal dette forklares tydeligt i den forklarende beskrivelse i henhold til rubrik E i del 2 i dette bilag.
That figure shall be calculated considering net performance as numerator and the initial investment amount or the price paid as denominator.
I alle tilfælde skal de forklarende beskrivelser, som der er redegjort for i rubrik A, B, C, D og F i del 2 i dette bilag være angivet, med undtagelse af de PRIIP'er i kategori 1, til hvilke der henvises i punkt 17 i bilag IV, hvor de forklarende beskrivelser, der er angivet i rubrik G til K, skal anvendes i stedet.
For those PRIIPs where there is no initial investment or price paid such as future contracts or swaps, the percentage shall be calculated considering the nominal value of the contract and a footnote shall be added to explain that calculation.
Præsentation af resultatscenarier
For an insurance based investment product, the following shall apply in addition to the methods referred above including under point 15 when calculating the performance scenarios in respect of the investment:
PRIIP-producenter skal præsenterer resultatscenarier i nedenstående formater for alle PRIIP'er, med undtagelse af de angivne PRIIP'er i kategori 1 i punkt 17 i bilag IV, afhængigt af om den pågældende PRIIP er en enkeltinvesterings- eller præmie- eller en normal udbetalings- eller præmie-PRIIP.
future profit participation shall be taken into account;
Interimsperioderne kan variere afhængigt af længden af den anbefalede investeringsperiode.
assumptions on future profit participation shall be consistent with the assumption on the annual rates of return of the underlying assets;
For forsikringsbaserede investeringsprodukter findes der yderligere rækker vedrørende scenariet for forsikringsydelser, inklusive kumulative biometriske risikopræmier for et forsikringsbaseret investeringsprodukt med normal præmie.
assumptions on how future profits are shared between the PRIIP manufacturer and the retail investor and other assumptions on future profit sharing shall be realistic and in line with the current business practice and business strategy of the PRIIP manufacturer.
Afkast i forbindelse med dette scenarie vises kun i absolutte værdier.
Where there is sufficient evidence that the undertaking will change its practices or strategy, the assumptions on future profit sharing shall be consistent with the changed practices or strategy.
Skema A: Enkeltinvestering og/eller engangspræmie betalt.
For life insurers within the scope of Directive 2009/138/EC, these assumptions shall be consistent with the assumptions on future management actions used for the valuation of technical provisions in the Solvency II-balance-sheet;
Enkeltinvestering betalt
where a component of the performance relates to profit participation that is payable on a discretionary basis, this component shall only be assumed in the favourable performance scenarios:
Engangspræmie betalt
the performance scenarios shall be calculated on the basis of the investment amounts set out in point 32 of this Annex.
Skema B: Normale investeringer og/eller præmier betalt.
ANNEX V
Normale investeringer betalt
METHODOLOGY FOR THE PRESENTATION OF PERFORMANCE SCENARIOS
Normale præmier betalt
General presentation specifications
Resultatscenarier
The performance scenarios shall be presented in a way that is fair, accurate, clear and not misleading, and that is likely to be understood by the average retail investor.
[Rubrik A] Denne [tabel/graf] viser det beløb, som du kan få tilbage i løbet af de næste [anbefalet investeringsperiode] år, under forskellige scenarier, hvis du investerer […] EUR [pr. år].
Where performance scenarios may be shown only at maturity or at the end of the recommended holding period, as for the PRIIPs referred to in point 21 of Annex IV, that shall be clearly explained in the narrative set out in element E in Part 2 of this Annex.
[Rubrik B] De viste scenarier illustrerer, hvorledes din investering kan udvikle sig.
In all cases, the narrative explanations set out in elements A, B, C, D and F in Part 2 of this Annex shall be included, except in the case of Category 1 PRIIPs referred to in point 17 of Annex IV, where the narrative explanations set in elements G to K shall be used instead.
Du kan sammenligne dem med scenarierne for andre produkter.
Presentation of performance scenarios
[Rubrik C] De viste scenarier er et skøn over den fremtidige udvikling, baseret på historiske resultater, som viser, hvordan værdien af denne investering varierer, og er ikke en præcis indikator.
For all PRIIPs except for category 1 PRIIPs referred to in point 17 of Annex IV, PRIIP manufacturers shall present the performance scenarios by means of the formats below, depending on whether the PRIIP is a single investment or premium or a regular payment or premium PRIIP.
Hvad du får, afhænger af udviklingen i markedet, og hvor længe du beholder investeringen/produktet.
The interim periods may differ depending on the length of the recommended holding period.
[Rubrik D] Stressscenariet viser, hvad du eventuelt får tilbage under ekstreme markedsforhold, og der er ikke taget højde for den situation, at vi ikke er i stand til at betale dig.
For insurance-based investment products additional rows are included in respect of the scenario for the insurance benefits including the cumulative biometric risk premium for a regular premium insurance-based investment product.
[Hvis relevant:] [Rubrik E] Dette produkt kan ikke [uden videre] indløses.
Returns for that scenario shall only be shown in absolute values.
Det betyder, at det er svært at vurdere, hvor meget du får tilbage, hvis du indløser før [afslutningen af den anbefalede investeringsperiode/udløbstiden].
Template A: Single investment and/or single premium is paid.
Enten kan du ikke indløse før tiden, eller du skal betale store omkostninger eller lide et stort tab, hvis du gør det.
Single investment paid
[Rubrik F] De viste tal inkluderer alle omkostninger ved selve produktet, [hvis relevant]:[men inkluderer måske ikke alle de omkostninger, som du betaler til din rådgiver eller forening][og inkluderer omkostningerne til din rådgiver eller forening].
Single premium paid
Der tages ikke højde for dine personlige skatteforhold, som også kan have betydning for, hvor meget du får tilbage.
Template B: Regular investments and/or premiums are paid.
[Rubrik G] Denne graf illustrerer, hvorledes din investering kan udvikle sig.
Regular investments paid
Du kan sammenligne den med afkastgraferne for andre derivater.
Regular premiums paid
[Rubrik H] Den viste graf angiver omfanget af mulige resultater og er ikke en præcis indikation af, hvad du får tilbage.
Performance scenarios
Hvad du får, vil variere og afhænge af udviklingen i det underliggende.
[Element A] This [table/graph] shows the money you could get back over the next [recommended holding period] years, under different scenarios, assuming that you invest EUR […] [per year].
Grafen viser, hvad overskuddet eller tabet for produktet vil være for hver enkelt af de underliggendes værdier.
[Element B] The scenarios shown illustrate how your investment could perform.
Den horisontale akse viser de forskellige kursmuligheder for den underliggende værdi ved udløbsdatoen, og den vertikale akse viser overskuddet eller tabet.
You can compare them with the scenarios of other products.
[Rubrik I] Hvis du køber dette produkt, forventer du, at den underliggende kurs vil [stige/falde].
[Element C] The scenarios presented are an estimate of future performance based on evidence from the past on how the value of this investment varies, and are not an exact indicator.
[Rubrik J] Dit maksimale tab vil være, at du taber hele din investering (betalte præmie).
What you get will vary depending on how the market performs and how long you keep the investment/product.
[Rubrik K] De viste tal inkluderer alle omkostninger ved selve produktet, men inkluderer måske ikke alle de omkostninger, som du betaler til din rådgiver eller forening.
[Element D] The stress scenario shows what you might get back in extreme market circumstances, and it does not take into account the situation where we are not able to pay you.
BILAG VI
[Where applicable][Element E] This product cannot be [easily] cashed in.
METODE TIL BEREGNING AF OMKOSTNINGER
This means it is difficult to estimate how much you would get back if you cash in before [the end of the recommended holding period/maturity].
Liste over omkostninger
You will either be unable to cash in early or you will have to pay high costs or make a large loss if you do so.
I. LISTE OVER OMKOSTNINGER I INVESTERINGSFONDE (AIF OG UCITS)
[Element F] The figures shown include all the costs of the product itself, [where applicable]:[but may not include all the costs that you pay to your advisor or distributor][and includes the costs of your advisor or distributor].
Omkostninger, der skal oplyses
The figures do not take into account your personal tax situation, which may also affect how much you get back.
Engangsomkostninger
[Element G] This graph illustrates how your investment could perform.
En engangsomkostning er en oprettelses- eller exitomkostning, der enten:
You can compare them with the pay-off graphs of other derivatives.
betales direkte af detailinvestoren eller
[Element H] The graph presented gives a range of possible outcomes and is not an exact indication of what you might get back.
fratrækkes en betaling, der er modtaget af eller skal betales til detailinvestoren.
What you get will vary depending on how the underlying will develop.
Engangsomkostninger er omkostninger, der bæres af detailinvestoren, og som ikke fratrækkes aktiverne i den pågældende AIF eller UCITS.
For each value of the underlying, the graph shows what the profit or loss of the product would be.
Engangsomkostninger inkluderer, men er ikke begrænset til følgende typer af forudbetalte startomkostninger, som der skal tages højde for i omkostningsbeløbet, og som skal fremgå af dokumentet med central information:
The horizontal axis shows the various possible prices of the underlying value on the expiry date and the vertical axis shows the profit or loss.
distributionsgebyr, for så vidt at beløbet kendes af administrationsselskabet.
[Element I] Buying this product holds that you think the underlying price will [increase/decrease].
Hvis det faktiske beløb ikke kendes af administrationsselskabet, angives de maksimalt mulige og kendte distributionsomkostninger for den pågældende PRIIP
[Element J] Your maximum loss would be that you will lose all your investment (premium paid).
bidragsomkostninger (forudbetalt del)
[Element K] The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor.
markedsføringsomkostninger (forudbetalt del)
ANNEX VI
tegningsgebyr inklusive skatter.
METHODOLOGY FOR THE CALCULATION OF COSTS
Periodiske omkostninger
List of costs
Periodiske omkostninger er betalinger, der fratrækkes aktiverne i den pågældende AIF eller UCITS, og omfatter følgende:
I. LIST OF COSTS OF INVESTMENTS FUNDS (AIFs AND UCITS)
omkostninger, der er nødvendige for driften af disse
Costs to be disclosed
enhver betaling, inklusive vederlag, til personer, der har tilknytning til den pågældende AIF eller UCITS, eller som udfører tjenesteydelser for dem
One-off costs
transaktionsomkostninger.
A one-off cost is an entry or exit cost which is either:
Periodiske omkostninger inkluderer, men er ikke begrænset til følgende typer af omkostninger, som fratrækkes aktiverne i den pågældende AIF eller UCITS, og som der skal tages højde for i omkostningsbeløbet, der skal fremgå af dokumentet med central information:
paid directly by the retail investor; or
alle betalinger til følgende personer, inklusive enhver af de følgende personer, til hvilke de har overdraget eventuelle funktioner:
deducted from a payment received by or due to the retail investor.
fondens administrationsselskab
One-off costs are costs borne by the retail investor that are not deducted from the assets of the AIF or UCITS.
fondens direktører, hvis der er tale om et investeringsselskab
One-off costs include, but are not limited to, the following types of up-front initial costs that shall be taken into account in the cost amount to be disclosed in the key information document:
depositaren
distribution fee, to the extent that the amount is known to the management company.
depotinstitutionen(-erne)
If the actual amount is not known to the management company, the maximum of the possible known distribution costs for the specific PRIIP shall be shown;
enhver investeringsrådgiver
constitution costs (up-front part);
alle betalinger til enhver person, der udfører outsourcede tjenesteydelser for enhver af de ovenstående, inklusive:
marketing costs (up-front part);
udbydere af værdiansættelses- og regnskabstjenesteydelser
subscription fee including taxes.
udbydere af tjenesteydelser for aktionærer, såsom transfer-agenten og børsmæglere, som er registrerede ejere af fondens aktier og udfører underliggende regnskabstjenesteydelser for de egentlige ejere af disse aktier
Recurring Costs
udbydere af collateral management-tjenesteydelser
Recurring costs are payments deducted from the assets of an AIF or UCITS, and represent the following:
udbydere af mæglertjenesteydelser
expenses necessarily incurred in their operations;
udbydere af sikkerhedsstillelse
any payments, including remunerations, to parties connected with the AIF or UCITS or providing services to them;
udbydere af ejendomsadministration og lignende tjenesteydelser
transaction costs.
registreringsgebyrer, noteringsgebyrer, lovpligtige afgifter og lignende afgifter, inklusive pasordningsgebyrer
Recurring costs include, but are not limited to, the following types of costs that are deducted from the assets of the AIF or UCITS, and shall be taken into account in the cost amount to be disclosed in the key information document:
provisionsrelaterede gebyrer for særlig håndtering af overskud og tab
all payments to the following persons, including any of the following persons to whom they have delegated any function:
revisionsgebyrer
the management company of the fund;
betalinger til juridiske og professionelle rådgivere
directors of the fund if an investment company;
eventuelle distributions- og markedsføringsomkostninger, for så vidt at beløbet kendes af administrationsselskabet.
the depositary;
finansieringsomkostninger i forbindelse med låntagning (som ydes af tilknyttede parter)
the custodian(s);
omkostninger vedrørende kapitalgaranti, der stilles af tredjeparts-garantistillere
any investment adviser;
betalinger til tredjeparter vedrørende nødvendige omkostninger opstået i forbindelse med erhvervelse eller salg af aktiver i fondens portefølje (inklusive transaktionsomkostninger i henhold til punkt 7 til 23 i dette bilag)
all payments to any person providing outsourced services to any of the above, including:
værdier af varer eller tjenesteydelser, der er modtaget af administrationsselskabet eller enhver tilknyttet person, til gengæld for indbringelse af handelsordre
providers of valuation and fund accounting services;
i tilfælde, hvor en fond investerer sine aktiver i UCITS eller AIF'er, skal dens summariske omkostningsindikator tage højde for de afholdte udgifter i de pågældende UCITS eller AIF'er.
shareholder service providers, such as the transfer agent and broker dealers that are record owners of the fund' shares and provide sub-accounting services to the beneficial owners of those shares;
Følgende skal indgå i beregningen:
providers of collateral management services;