natgillin/translations-raw huggingface dataset:
I denne forbindelse blev det også taget i betragtning, at den omstændighed at sådanne passiver registreres som gældsforpligtelser til leverandører og ikke til banker i virksomhedens regnskaber er irrelevant.
The Commission disagrees with the arguments brought forward for the reasons set out below:
Uanset hvad var passiverne ikke registreret som gældsforpligtelser til leverandørerne, men blot som gældsforpligtelser uden at angive hvem kreditoren var.
As regards the first argument, the Commission has only calculated the benefit for those credit lines that are effectively in use and not for uncommitted / unutilised credit lines, as claimed.
For så vidt angår pengestrømme, fandt Kommissionen, at de fremsatte bemærkninger fra den pågældende eksporterende producent var selvmodsigende, for så vidt som den eksporterende producent påstod, at den både var nødt til at overføre penge inden bankvekslens forfaldsdag for at sikre betaling til leverandøren fra dens konto, og at den samtidig ikke havde nogen viden om, hvornår overførslen blev diskonteret, og dermed hvornår betalingen faktisk fandt sted.
As regards the second argument, the cost incurred to the bank is not a decisive factor when assessing the appropriate benchmark, but rather the prevailing market conditions for obtaining similar credit lines.
Desuden fremførte denne part ikke noget bevis for faktiske forventede overførsler af midler til banken.
Furhermore, due to the non cooperation by the financial institutions any actual cost, or comparable fees in China could not be established.
På baggrund af ovenstående måtte disse påstande derfor tilbagevises.
Therefore the Commission had to use facts available in accordance with Aricle 28 of the basic Regulation as explained in the recitals (141) to (155).
En anden eksporterende producent gentog, at den ikke havde haft fordel af systemet med bankveksler, fordi der i vedkommendes tilfælde ikke var blevet foretaget nogen betalinger efter fakturaernes eller bankvekslernes forfaldsdato.
As regards the third argument, due to the non cooperation by the financial institutions, the Commission could not establish to what extent the other sectors have benefited from credit lines provided free of charge or at less than adequate remuneration.
Vedrørende samme emne påstod en række interesserede parter, at bankveksler ikke burde betragtes som lån med den begrundelse, at de ikke giver længere betalingsfrister for modtagerne og hævdede, at den måde hvorpå en national lovgivning karakteriserer visse instrumenter ikke er bestemmende for dets karakterisering i henhold til WTO-reglerne.
It is nevertheless recalled that, as stated in the recital (217), the normative framework concerning the electric bicycle industry applies to all financial institutions in the PRC and provides, inter alia, that Commercial banks shall conduct their business of lending in accordance with the needs of the national economic and social development and under the guidance of the industrial policies of the State.
Selv om undersøgelsen bekræftede, at for denne eksporterende producent blev alle betalinger foretaget inden fakturaernes eller bankvekslernes forfaldsdato, mindes der i denne forbindelse om, at systemet med bankveksler giver alle eksporterende producenter en ydelse – til en præferentiel rentesats, hvilket er en udligningsberettiget fordel som beskrevet i betragtning 323-342 – hvorved gæld til leverandørerne blev anset for at være betalt og overført til at være gæld til banker, der lovede at betale leverandørerne inden bankvekslens forfaldsdato.
It is also recalled that, as laid down in recitals (98) to (140) the provisions of not only the 13th Five-Year plan but also several other government plans lay down specific government policies in order to support the electric bicycle industry.
Hvad angår betalingsvilkårene, viste Kommissionens oplysninger viser, at for flere eksporterende producenter udgjorde anvendelsen af bankveksler netop en forlængelse af fakturaernes betalingsbetingelser, og at der ikke var renter for sådanne de facto lån.
The Commission concluded on the basis of the information available that this support is narrowed to a selected group of certain encouraged industries, as opposed to being widely available to most economic sectors in the PRC.
Selv om formålet med bankveksler angiveligt ikke er at forlænge betalingsbetingelserne, viser de foreliggende beviser det modsatte.
Therefore these claims were rejected.
Den omstændighed, at der ikke betales renter på bankveksler, hvilket forlænger sælgerens betalingsbetingelser, betragtede Kommissionen under alle omstændigheder som endnu et tegn på, at den kinesiske banksektor er fordrejet og yder præferencelån til visse nøgleindustrier.
As regards the fourth argument, the Commission recalls that due to the non cooperation by the financial institutions the specificities of the credit line arrangements at the Chinese market could not be verified.
Disse påstande måtte derfor afvises.
Also as explained in the recitals (141) to (155) the Commission had to resort to the facts available in accordance with Article 28 of the basic Regulation, including the best available benchmark for the credit lines fees.
En anden interesseret part hævdede, at grundlaget for beregningen af fordelen burde reduceres med størrelsen af de indskud, som den betalte som en garanti for bankvekslen.
Finally, the specificities claimed by this party as regards to its credit lines were only provided following disclosure and therefore well after the time limits set out in the questionnaire to provide such information.
I denne henseende skal det for det første bemærkes, at det er normal praksis for bankerne at anmode om garantier fra deres kunder, når de yder kreditbevillinger eller lån.
Given the very late stage of the proceeding, such information could not be verified anymore.
Der henvises også til betragtning 323, hvori det fastsættes at låntagere i Canada skal have en kreditbevilling for at opnå bankveksler.
Moreover, such a verification would have required the cooperation by the financial entities at issue, which was also missing.
På dette grundlag tager satserne på det canadiske marked hensyn til tilstedeværelsen af sådanne garantier.
For the reasons explained above, all claims made in this respect were rejected.
Det skal desuden bemærkes, at sådanne garantier ikke anvendes af bankerne til at betale den udestående gæld til leverandørerne, men som en metode til at sikre, at den eksporterende producent vil indløse sin finansielle forpligtelse over for banken.
Bank acceptances
Undersøgelsen afslørede også, at sådanne garantier ikke systematisk kræves af kinesiske banker, og at de kan antage forskellige former, herunder kontante udbetalinger eller indskud med renter.
General
Endvidere bemærkede Kommissionen også, at det gebyr, der betales på bankvekslerne, beregnes på grundlag af den pålydende værdi af bankvekslen, og ikke af et beløb, der er reduceret med størrelsen af garantien.
Bank acceptances are a financial product aimed at developing a more active domestic money market by broadening credit facilities.
En anden interesseret part hævdede, at der ikke burde have været beregnet en fordel for gebyret ved bankvekslen som en garanti for den finansielle tjenesteydelse, der leveres af de kinesiske banker med den begrundelse, at bankerne ikke behøver finansiere bankvekslerne ved deres udstedelse eller ved deres forfaldsdato, eftersom sådanne betalinger er finansieret af den pågældende eksporterende producent, medmindre den bliver insolvent.
It is based on the alleged robustness of the Chinese banking sector whereby banks which engage in bank acceptance agreements make an unconditional pledge that they will pay a certain amount on a given date.
Som følge heraf løber bankerne angiveligt ingen økonomisk risiko, eftersom de kun fungerer som mellemled.
As a consequence, bank acceptances are a form of credit whereby banks take over supplier account payables from buyers and transfer an agreed amount to the suppliers at an agreed date.
Den samme part hævdede endvidere, at kontraktens vilkår giver tilstrækkelige finansielle garantier til bankerne.
By the same date, the buyer shall have transferred the same amount to the bank.
Der henvises i denne forbindelse til betragtning 310, som bekræfter, at finansielle institutioner anerkender bankveksler som lån, og til betragtning 304, hvori det fastsættes, at banker, som indgår aftaler om bankveksler yder et ubetinget løfte om at betale et bestemt beløb på en bestemt dato.
The payment date to the bank can correspond to the payment term agreed with the supplier or a date posterior to such date.
Eftersom bankvekslen kan diskonteres, burde bankerne sikre sig, at der er tilstrækkelige midler til rådighed mellem bankvekslens udstedelse og forfaldsdato.
The investigation found that the repayment date to the bank was in many instances posterior to the supplier payment date.
I denne forbindelse skal det også bemærkes, at en standardkontrakt for kreditbevillinger, der er gældende i Kina, fastsætter, at de kan anvendes til forskellige former for lån, herunder bankveksler, hvilket bekræfter behovet for, at den pågældende bank har tilstrækkelige midler til rådighed.
The payment delay was found to be in some cases 4 to 6 months after the due date of the invoice.
Efter en analyse af kontraktbetingelserne mellem de finansielle institutioner og de eksporterende producenter blev det konstateret, at de er utilstrækkelige i lyset af involveringen, de ubetingede forpligtelser og den finansielle risiko, som de finansielle institutioner løber, når de indgår aftaler om bankveksler.
As a consequence, in addition to serving as a bank guarantee, this financial product in some instances also grants the buyer a longer term of payment, in the form of a de facto loan.
Ovenstående påstand måtte derfor afvises.
The investigation found that generally the bank acceptances are issued within the framework of a bank acceptance agreement specifying the identity of the bank, suppliers and buyer, the obligations of the bank and buyer and detailing the value per supplier, term and guarantee supplied.
Hvad angår specificitet, blev det vurderet, at som nævnt i betragtning 106 og anført i udviklingsplanen for den lette industri i forbindelse med den kinesiske regerings plan om »en finanspolitik, der fremmer udviklingen af små og mellemstore virksomheder, yderligere undersøge de finansielle kanaler for små og mellemstore virksomheder, færdigudvikle kreditgarantisystemet for små og mellemstore virksomheder«, er bankveksler en anden form for præferencestøtte til tilskyndede industrier såsom sektoren for elektriske cykler.
Bank acceptances were usually issued on a monthly basis.
Denne form for støtte tog desuden ikke hensyn til de stikprøveudtagne eksporterende producenters finansielle situation, eftersom alle banker påregnede et fast gebyr, som – ifølge de foreliggende oplysninger – er lavere end de tilgængelige internationale benchmarks og endda lavere end det gebyr, der opkræves af virksomheder med en dårlig kreditvurdering, såsom de stikprøveudtagne eksporterende producenter (se betragtning 324).
As regards the banks, bank acceptance notes payables are recognized as liabilities to the bank acceptance holder and assets to the sampled exporting producers in their balance sheet.
Efter fremlæggelsen af oplysninger gentog en række interesserede parter den påstand, der blev fremført inden fremlæggelsen af oplysninger, om at systemet med bankveksler er et almindeligt tilgængeligt finansieringsværktøj, og at det ikke er begrænset til industrien for elektriske cykler.
Also, while some bank acceptances were covered by a credit line facility, it appeared that this is not a legal requirement under the Chinese law.
Flere interesserede parter hævdede også, at Kommissionen skulle begrunde sin konstatering af specificitet ud fra positivt bevismateriale.
The supplier of goods, in its quality of bearer of the issued bank acceptance, has the possibility to have the bank acceptance discounted by the issuing bank before the due date of the original invoice or wait for the due date and be paid in full, or use the bank acceptance as a means of payment for its liabilities towards other parties.
I denne forbindelse henvises der til betragtning 195-202, og også mere specifikt til betragtning 319, hvilket leverer positivt bevismateriale for aspektet vedrørende specificitet for sådanne præferencepolitikker, i og med at et sådant finansielt instrument ikke er generelt tilgængeligt på disse vilkår, og derfor er specifikt for et begrænset antal industrier såsom industrien for elektriske cykler.
Pending the agreement between buyer and seller, bank acceptances may be mentioned as a standard means of payment in purchase agreements together with other means such as remittance or money order.
Disse påstande måtte derfor afvises.
One sampled exporting producer provided comments during the course of the investigation and indicated that bank acceptances cannot be considered as loans on the grounds that loans require the act of borrowing, repaying and the payment of interest while bank acceptances involve a promise of repayment.
Beregning af fordelen
They further claimed that bank acceptances are a payment method not involving any direct transfer of fund.
Ifølge de tilgængelige oplysninger eksisterer systemet med bankveksler ikke inden for EU i den form, der er beskrevet i betragtning 304-308.
On the same topic, another exporting producer repeated that there was no transfer of funds and claimed that its accounting records did not report bank acceptances as liabilities to the bank but as liabilities to the suppliers under notes payables.
Baseret på de offentligt tilgængelige oplysninger er denne type kredit tilgængelig i Canada, hvor bankveksler anvendes af virksomheder til at opfylde deres kortsigtede finansieringsbehov.
The latter exporting producer also submitted that, in its particular case, the money transferred to the supplier had to be deposited before the due date of the bank acceptance and that the bank was withdrawing the money from its account on the due date of the bank acceptance for the onward payment to the suppliers as agreed with the relevant supplier.
I Canada anvendes bankveksler normalt af virksomheder, der ikke har den højeste kreditvurdering.
Additionally, it also indicated that it did not receive any benefit if the bank acceptance was discounted before the maturity date of the bank acceptance and that it has no knowledge whether the bank acceptance was indeed discounted.
For at opnå disse bankveksler har låntagerne behov for en aftale om kreditbevilling, der kan trækkes på.
In this regard, it should first be noted that the CRCP recognises bank acceptances as liabilities towards banks at the same level as loans, letters of credit or trade financing.
For at udstede disse bankveksler opkræver bankerne normalt et bankvekselgebyr, der er fastsat på CDOR-niveau (Canadian Dollar Offered Rate) samt et stempelgebyr, der varierer fra nogle få basispoint til over 100 basispoint, afhængigt af låntagernes kreditværdighed.
It should also be noted that the CRCP is fed by the financial institutions which grant various types of loans and that such financial institutions have thus recognised bank acceptances as liabilities to them.
Under normale markedsforhold ville bankveksler derfor normalt medføre et såkaldt bankvekselgebyr og være en del af en kreditbevilling, fordi en bankveksel er en direkte og ubetinget gældsforpligtelse over for den udstedende bank.
Furthermore, the bank acceptance agreements collected during the investigation provide that, should the buyer not make the full payment on the expiry date of the bank acceptances, the bank would treat the amount unpaid as an overdue loan to the bank.
I de stikprøveudtagne kinesiske eksporterende producenters tilfælde blev gebyret for bankvekslen fastsat til en fast sats på 0,05 % af bankvekslen uafhængigt af hver af de stikprøveudtagne eksporterende producenters kreditværdighed, og hvis der blev ydet kreditbevillinger, var de gratis.
In addition, the Commission considered that the bank acceptances received by the buyer consist a transfer of fund as the bank acceptances are used as a means of payment at the same level as a money order; i.e. once the bank acceptance is handed out to the supplier, the corresponding invoice is considered to be paid by the company.
Efter fremlæggelsen af oplysninger fremførte en eksporterende producent, at Kommissionen havde medtaget nogle justeringer to gange og havde medtaget elementer, der var irrelevante for udstedelsen af bankveksler i sin beregning af subsidiebeløbet.
This is also evidenced by the fact that upon remittance of the bank acceptance to the supplier, the buyer will normally, on the one hand, reduce its account payables to the supplier, and on the other hand, increase its notes payables bank liabilities for a corresponding amount.
Beregningerne var dog baseret på oplysninger fremlagt af virksomheden og efterprøvet af Kommissionen, og de påståede fejl kunne ikke længere efterprøves.
In this context, it was also considered that the fact that such liabilities are recognised as notes payables to the suppliers and not to the banks in the accounting records of the company is irrelevant.
Denne påstand blev derfor afvist.
In any case, the audited accounts did not present such liabilities as account payables to the suppliers but rather as notes payables without specifying the identity of the creditor.
En række interesserede parter påstod, at bankveksler ikke burde betragtes som lån med den begrundelse, at de ikke giver længere betalingsfrister for modtagerne, og hævdede, at den måde hvorpå et medlems nationale lovgivning karakteriserer visse instrumenter ikke er bestemmende for dets karakterisering i henhold til WTO-reglerne.
As far as the money flows are concerned, the Commission considered that the comments submitted by the exporting producer concerned were contradictory in so far as, the exporting producer claimed that, on the one hand, it had to transfer its money before the due date of the bank acceptance to ensure the payment to the supplier from its account while,on the other hand it had no knowledge whether notes were discounted, and therefore when the payment was actually taking place.
Flere interesserede parter hævdede, at de bankveksler, der er tilgængelige i henholdsvis Kina og Canada, er forskellige instrumenter.
Moreoever, no evidence was provided by this party of actual anticipated transfers of funds to the bank.
Mens de benyttes som betalingsmiddel i Kina, anvendes de af erhvervsmæssige låntagere til at opfylde deres kortsigtede finansieringsbehov i Canada.
On the basis of the above, these claims had to be rejected.
Kommissionen er uenig i dette udsagn og mener, at bankveksler er en løsning på de kortsigtede finansieringsbehov i begge lande.
Another exporting producer reiterated that it had not received any benefit from the bank acceptance system because, in its case, no payment was made after the maturity date of the invoices or of the bank acceptance.
Virksomheder anvender bankveksler til at omdanne deres gæld til leverandører til gæld til banker.
On the same topic, several interested parties claimed that bank acceptances should not be regarded as loans on the grounds that they do not grant longer payment terms to its beneficiaries and claimed that the manner in which domestic law characterizes a certain instruments is not dispositive of its characterization under WTO law.
Undersøgelsen viste desuden, at for flere eksporterende producenters vedkommende forlængede bankveksler betalingsfristerne for de fakturaer, som de vedrørte, og derved forbedrede den kortsigtede likviditet for de stikprøveudtagne eksporterende producenter.
In this regard, while the investigation confirmed that in case of this exporting producer all payments were made within the due dates of the invoices or bank acceptances, it is recalled that the bank acceptance system provided all exporting producers a service - at a preferential rate which conferred a countervailable benefit as described in the recitals (323) to (342) below - whereby the liabilities to the suppliers were considered to be paid and transferred to liabilities to the banks which promised to pay the suppliers by the maturity of the bank acceptances.
Som beskrevet på side 1 i det interne arbejdspapir hos Bank of Canada (»Bank of Canada-arbejdspapiret«), er der andre ligheder mellem de kinesiske og canadiske bankveksler, som begge slår fast, at der bør være »et direkte og ubetinget krav fra en erhvervsmæssig låntager (kunden) til trække på sin udstedte kreditlinje (en såkaldt ”aftale om bankveksel”) i en canadisk bank.
As far as the payment terms are concerned, the evidence available to the Commission shows that, for several exporting producers, the use of bank acceptances indeed effectively extended the payment term of the related invoices and that no interests were accounted for such de facto loans.
Når der trækkes på kreditlinjen, kommer den udstedende bank (eller udlånsbanken) til at stå som garant for hovedbeløbet samt renterne ved at undertegne papiret, og bliver derved fuldt ansvarlig for betalingen ved forfaldsdatoen, i tilfælde af at den erhvervsmæssige låntager ikke selv betaler.« I lyset af hvor ens de to markeder er, måtte denne påstand afvises.
Therefore, even though bank acceptances may allegedly not be intended to extend payment terms, the evidence at hand demonstrated the contrary.
En anden interesseret part hævdede endvidere, at i modsætning til det kinesiske system, var canadiske banker nødt til at levere midlerne på den dag, hvor bankvekslen blev udstedt.
In any case, the Commission considered that the fact that interests are not paid on bank acceptances extending the payment term of the seller, is another indication that the Chinese banking sector is distorted and provides preferential lending to certain key industries.
På dette grundlag hævdede parten, at garantigebyret omfatter flere forpligtelser, omkostninger og risici for bankerne end det kinesiske system.
On this basis, these claims had to be rejected.
I denne forbindelse skal det bemærkes, at den omstændighed, at der stilles midler til rådighed, er irrelevant, eftersom det kinesiske system også foreskriver, at midlerne skal stilles til rådighed af banken, hvis indehaveren af bankvekslen ønsker at diskontere den og har midlerne til dette.
Another interested party claimed that the basis for the calculation of the benefit should be reduced by the amount of the deposits that it made as a guarantee for the bank acceptances.
Overførslen af gæld og den potentielle overførsel af midler til indehaveren af bankvekslen forklarer også, hvorfor bankerne anerkender bankveksler som lån.
In this regard, it should first be noted that it is common practice for banks to request guarantees from their clients when granting credit line facilities or loans.
Hvad angår forpligtelser og risici, mente Kommissionen, at disse kan sidestilles, eftersom banker skal have de nødvendige midler fra dagen for udstedelsen, da de har afgivet et ubetinget løfte om at betale bankvekslen ved forfaldsdatoen, i tilfælde af at kreditoren misligholder lånet.
Reference is also made to recital (323) below which provides that borrowers in Canada need to have a credit line facility in order to obtain bank acceptances.
En eksporterende producent hævdede, at efter udfærdigelsen af Bank of Canada-arbejdspapiret er kreditbevillinger ikke længere et lovkrav ved bankveksler på det canadiske marked.
On this basis, the rates charged on the Canadian market take into consideration the existence of such guarantees.
I denne forbindelse skal det for det første bemærkes, at Bank of Canada-arbejdspapiret ikke indeholder en sådan udtalelse.
Furthermore, it should be noted that such guarantees are not used by the banks to pay the outstanding debts to suppliers but as a method to secure that the exporting producer will bear its financial responsibility vis-à-vis the bank.
Tværtimod henvises der flere steder til eksistensen af en aftale om en udstedt kreditbevilling.
The investigation also revealed that such guarantees are not systematically requested by Chinese banks and that they can take various forms including down payments or term deposits bearing interest.