natgillin/translations-raw huggingface dataset:
Liste 2-papirer
Tier two assets
Disse fortegnelser er offentligt tilgængelige ( 54 ) .
These lists are available to the public ( 54 ) .
Liste 2-papirer skal opfylde følgende minimumskriterier for belånbarhed ( se også tabel 4 ) : --- De kan være gældsinstrumenter ( omsættelige eller ikke-omsættelige ) med a ) en fast , ubetinget hovedstol og b ) en kuponrente , som ikke kan give en negativ betalingsstrøm .
Tier two assets have to fulfil the following minimum eligibility criteria ( see also Table 4 ) : --- they can be debt instruments ( marketable or non-marketable ) having : ( a ) a fixed , unconditional principal amount ;
Kuponrenten skal endvidere være i ) ( 50 ) Hvis en modpart anvender aktiver , der på grund af sammenfald med udsteder / garant eller snævre forbindelser ikke kan eller ikke længere kan anvendes som sikkerhed for udestående lån , er modparten forpligtet til straks at underrette den relevante nationale centralbank herom .
In addition , the coupon should be ( 50 ) In the event that a counterparty is using assets that , owing to an identity with the issuer / guarantor or the existence of close links , it may not or no longer use to secure an outstanding credit , it is obliged to immediately notify the relevant national central bank thereof .
Aktiverne ansættes til nul på næste værdiansættelsesdag , og der kan udløses et margin call ( se også bilag 6 ) .
The assets are valued at zero at the next valuation date and a margin call may be triggered ( see also Annex 6 ) .
( 51 ) Artikel 1 , stk . 26 , i Europa-Parlamentets og Rådets direktiv 2000/12 / EF af 20 .
In addition , the counterparty has to remove the asset at the earliest possible date .
marts 2000 om adgang til at optage og udøve virksomhed som kreditinstitut har følgende ordlyd : » » snævre forbindelser «: en situation , hvor to eller flere fysiske eller juridiske personer er knyttet til hinanden gennem : a ) kapitalinteresser , hvorved forstås besiddelse af mindst 20 pct . af stemmerettighederne eller af kapitalen i en virksomhed , enten direkte eller gennem kontrol , eller b ) kontrol , hvorved forstås den forbindelse , der består mellem et moderselskab og et datterselskab , i alle de i artikel 1 , stk .
( 51 ) Article 1 ( 26 ) of Directive 2000/12 / EC of the European Parliament and of the Council of 20 March 2000 relating to the taking up and pursuit of the business of credit institutions reads as follows : « Close links shall mean a situation in which two or more natural or legal persons are linked by : ( a ) participation , which shall mean the ownership , direct or by way of control , of 20 % or more of the voting rights or capital of an undertaking , or ( b ) control , which shall mean the relationship between a parent undertaking and a subsidiary , in all the cases referred to in Article 1 ( 1 ) and ( 2 ) of Directive 83/349 / EEC , or a similar relationship between any natural or legal person and an undertaking ;
1 og 2 , i direktiv 83/349 / EØF nævnte tilfælde , eller en forbindelse af samme art mellem en fysisk eller juridisk person og en virksomhed ; et datterselskab af et datterselskab betragtes ligeledes som datterselskab af det moderselskab , der står i spidsen for disse virksomheder .
any subsidiary undertaking of a subsidiary undertaking shall also be considered a subsidiary of the parent undertaking which is at the head of those undertakings .
En situation , hvor to eller flere fysiske eller juridiske personer er varigt knyttet til den samme person gennem kontrol , betragtes ligeledes som en snæver forbindelse .
A situation in which two or more natural or legal persons are permanently linked to one and the same person by a control relationship shall also be regarded as constituting a close link between such persons .'
« ( 52 ) Denne bestemmelse finder ikke anvendelse på i ) snævre forbindelser mellem modparten og EØS-landenes offentlige myndigheder ( heller ikke i tilfælde , hvor den offentlige myndighed er garant for udstederen ) , ii ) handelsveksler , hvor mindst én enhed ( foruden et kreditinstitut ) hæfter over for modparten , iii ) gældsinstrumenter , der til fulde overholder kriterierne i artikel 22 , stk .
( 52 ) This provision does not apply to : ( i ) close links between the counterparty and the public authorities of EEA countries ( including the case where the public authority is a guarantor of the issuer ) ; ( ii ) trade bills , for which at least one entity ( other than a credit institution ) is liable in addition to the counterparty ;
4 , i Rådets direktiv 85/611 / EØF af 20 . december 1985 om samordning af love og administrative bestemmelser om visse institutter for kollektiv investering i værdipapirer ( investeringsinstitutter ) med senere ændringer og iv ) tilfælde , hvor gældsinstrumenter er beskyttet af særlige juridiske sikkerhedsbestemmelser svarende til iii ) .
( iii ) debt instruments which comply strictly with the criteria set out in Article 22 ( 4 ) of Council Directive 85/611 / EEC of 20 December 1985 on the coordination of laws , regulations and administrative provisions relating to undertakings for collective investment in transferable securities ( UCITS ) , as amended ; or ( iv ) cases in which debt instruments are protected by specific legal safeguards comparable with ( iii ) .
( 53 ) Hvis de nationale centralbanker vil tillade anvendelse af instrumenter med kortere løbetid end de pengepolitiske operationer , hvori de benyttes som underliggende aktiver , vil modparterne blive pålagt at ombytte disse aktiver senest ved deres udløb .
( 53 ) If the national central banks were to allow the use of instruments with a maturity shorter than the monetary policy operations for which they serve as underlying assets , counterparties would be required to replace such assets at , or prior to , maturity .
( 54 ) Disse fortegnelser offentliggøres og ajourføres dagligt på ECBs websted ( www.ecb.int ) .
( 54 ) These lists are published and updated daily on the ECB 's website ( www.ecb.int ) .
I forbindelse med ikke-omsættelige liste 2-papirer og gældsinstrumenter med begrænset likviditet og særlige karakteristika kan de nationale centralbanker vedtage ikke at oplyse om individuelle udstedelser , udstedere / debitorer eller garanter , når de offentliggør de nationale fortegnelser over liste 2-papirer . De skal i så fald give alternative oplysninger , så modparterne i euroområdet let kan afgøre , om et bestemt aktiv er belånbart .
For non-marketable tier two assets and debt instruments with restricted liquidity and special features , national central banks may decide not to disclose information on individual issues , issuers / debtors or guarantors in the publication of their national tier two lists , but shall offer alternative information to ensure that counterparties throughout the euro area can easily ascertain the eligibility of a specific asset .
Den Europæiske Unions Tidende en nulkuponrente , ii ) en fast kuponrente eller iii ) en variabel kuponrente baseret på en referencerente .
( ii ) a fixed rate coupon ; or ( iii ) a floating rate coupon linked to an interest rate reference .
De kan også være aktier ( der handles på et reguleret marked som defineret i Rådets direktiv 93/22 / EØF af 10 . maj 1993 om investeringsservice i forbindelse med værdipapirer ) ( 55 ) .
They can also be equities ( traded on a regulated market as defined in Council Directive 93/22 / EEC of 10 May 1993 on investment services in the securities field ( 55 ) .
december 1985 om samordning af love og administrative bestemmelser om visse institutter for kollektiv investering i værdipapirer ( investeringsinstitutter ) ( 56 ) som ændret ved Rådets direktiv 88/220 / EØF af 22 . marts 1988 ( 57 ) , direktiv 2001/107 / EF af 21 .
Equities issued by credit institutions and debt instruments issued by credit institutions which do not comply strictly with the criteria set out in Article 22 ( 4 ) of Council Directive 85/611 / EEC of 20 December 1985 on the co-ordination of laws , regulations and administrative provisions relating to undertakings for collective investment in transferable securities ( UCITS ) ( 56 ) , as amended by Council Directive 88/220 / EEC of 22 March 1988 ( 57 ) , Directive 2001/107 / EC of 21 January 2002 ( 58 ) , and Directive 2001/108 / EC of 21 January 2002 ( 59 ) , are normally not eligible for inclusion in the tier two lists .
--- Ikke-omsættelige menter ( 1 ) --- Aktier , der handles på et reguleret marked Afviklingsprocedurer Instrumenterne skal være centralt deponeret i elektronisk form hos en national centralbank eller et værdipapirafviklingssystem , der opfylder ECBs minimumsstandarder --- Centralbanker --- Den offentlige sektor --- Den private sektor ( 3 ) --- Internationale og overnationale institutioner Kreditstandard Aktivet skal efter ECBs skøn have en høj kreditkvalitet ( hvilket kan omfatte en godkendt garanti fra en garant i EØS , som efter ECBs skøn er økonomisk velfunderet ) Aktivet skal være skønnet at have en høj kreditkvalitet af den nationale centralbank , der har medtaget det i sin fortegnelse over liste 2-papirer ( hvilket kan omfatte en godkendt garanti fra en garant i euroområdet , som er skønnet økonomisk velfunderet af den nationale centralbank , der har medtaget aktivet i sin fortegnelse over liste 2-papirer ) Euroområdet Aktiverne skal være let tilgængelige for den nationale centralbank , der har medtaget dem i sin fortegnelse over liste 2-papirer
However , the ECB may authorise national central banks to include such assets in their tier two lists subject to certain conditions and restrictions , TABLE 4 Eligible assets for Eurosystem monetary policy operations Criteria Type of asset Tier one --- ECB debt certificates --- Other marketable debt instruments ( 1 ) ( 2 ) Tier two --- Marketable debt instruments ( 1 ) --- Non-marketable debt instruments ( 1 ) --- Equities traded on a regulated market Settlement procedures Instruments must be centrally deposited in book-entry form with national central banks or an SSS fulfilling the ECB 's minimum standards --- Central banks --- Public sector --- Private sector ( 3 ) --- International and supranational institutions Credit standard The asset must be deemed of high credit quality by the ECB ( which could include an eligible guarantee of an EEA guarantor which is deemed financially sound by the ECB ) The asset must be deemed of high credit quality by the national central bank which has included it in its tier two list ( which could include an eligible guarantee of a euro area guarantor which is deemed financially sound by the national central bank which has included the asset in its tier two list ) Euro area Assets must be easily accessible to the national central bank which has included them in its tier two list
Udsteder
Type of issuer
--- Den offentlige sektor --- Den private sektor ( 4 )
--- Public sector --- Private sector ( 4 )
Udsteders ( eller garants ) hjemsted
Place of establishment of the issuer ( or alternatively the guarantor )
EØS ( 5 )
EEA ( 5 )
( 55 ) ( 56 ) ( 57 ) ( 58 ) ( 59 )
( 55 ) ( 56 ) ( 57 ) ( 58 ) ( 59 )
EFT EFT EFT EFT EFT L 141 af 11.6.1993 , s. 27 .
OJ L 141 , 11.6.1993 , p. 27 .
L 375 af 31.12.1985 , s. 3 .
OJ L 375 , 31.12.1985 , p. 3 .
L 100 af 19.0.1988 , s. 31 .
OJ L 100 , 19.4.1988 , p. 31 .
L 41 af 13.2.2002 , s. 20 .
OJ L 41 , 13.2.2002 , p. 20 .
L 41 af 13.2.2002 , s. 35 .
OJ L 41 , 13.2.2002 , p. 35 .
L 69/36
L 69/36
Den Europæiske Unions Tidende Kriterier Aktivets placering Liste 1 --- Udstedelsessted : EØS --- Afviklingssted : Euroområdet ( 6 ) Valuta Kan benyttes på tværs af grænserne Euro ( 7 ) Ja Euro ( 7 ) Ja Liste 2 Euroområdet ( 6 )
Official Journal of the European Union Criteria Location of asset Tier one --- Place of issue : EEA --- Place of settlement : euro area ( 6 ) Currency Cross-border use Euro ( 7 ) Yes Euro ( 7 ) Yes Euro area ( 6 ) Tier two
Kuponrenten skal endvidere være i ) en nulkuponrente , ii ) en fast kuponrente eller iii ) en variabel kuponrente baseret på e referencerente .
In addition , the coupon should be one of the following : ( i ) a zero coupon , ( ii ) a fixed rate coupon ; or ( iii ) a floating rate coupon linked to an interest rate reference .
( 2 ) Gældsinstrumenter , som er efterstillet i forhold til andre af udstederens gældsforpligtelser ( eller inden for en struktureret udstedelse efterstillet i forhold til andre trancher af samme udstedelse ) , er ikke omfattet af liste 1 . ( 3 ) Gældsinstrumenter udstedt af kreditinstitutter , der ikke til fulde overholder kriterierne i artikel 22 , stk .
( 2 ) Debt instruments affording rights to the principal and / or the interest that are subordinated to the rights of holders of other debt instruments of the same issuer ( or , within a structured issue , subordinated to other tranches of the same issue ) are excluded from tier one .
4 , i Rådets direktiv 85/611 / EØF af 20 . december 1985 om samordning af love og administrative bestemmelser om visse institutter for kollektiv investering i værdipapirer ( investeringsinstitutter ) med senere ændringer , accepteres kun som liste 1-papirer på følgende to betingelser : For det første skal en rating af hver enkelt udstedelse ( foretaget af et kreditvurderingsbureau ) vise , at det pågældende gældsinstrument efter Eurosystemets opfattelse har en høj kreditkvalitet .
3 ) Debt instruments issued by credit institutions which do not comply strictly with the criteria set out in Article 22 ( 4 ) ( of Council Directive 85/611 / EEC of 20 December 1985 on the co-ordination of laws , regulations and administrative provisions relating to undertakings for collective investment in transferable securities ( UCITS ) , amended , are as accepted in tier one only under the following two conditions . First , each issue needs to be awarded a rating ( by a rating agency ) which indicates , in the view of the Eurosystem , that the debt instrument meets high credit standards .
For det andet skal gældsinstrumenterne være noteret på et reguleret market som defineret i Rådets direktiv 93/22 / EØF af 10 . maj 1993 om investeringsservice i forbindelse med værdipapirer .
Second , the debt instruments need to be listed or quoted on a regulated market as defined in Council Directive 93/22 / EEC of 10 May 1993 on investment services in the securities field .
4 , i Rådets direktiv 85/611 / EØF af 20 . december 1985 om samordning af love og administrative bestemmelser om visse institutter for kollektiv investering i værdipapirer ( investeringsinstitutter ) med senere ændringer , er normalt ikke belånbare liste 2-papirer .
4 ) Equities issued by credit institutions and debt instruments issued by credit institutions which do not comply strictly ( with the criteria set out in Article 22 ( 4 ) of Council Directive 85/611 / EEC of 20 December 1985 on the co-ordination of laws , regulations and administrative provisions relating to undertakings for collective investment in transferable securities ( UCITS ) , as amended , are normally not eligible for inclusion in tier two lists .
( 5 ) Kravet om , at udstederen skal være beliggende i EØS , gælder ikke internationale og overnationale institutioner .
( 5 ) The requirement that the issuing entity be established in the EEA does not apply to international and supranational institutions .
( 7 ) Udtrykt i euro eller i euroens nationale denominationer .
7 ) Expressed as such or in the national denominations of the euro . (
--- De skal være gældsforpligtelser over for eller aktier i ( eller være garanteret af ) enheder , der skønnes økonomisk velfunderede af den nationale centralbank , der har medtaget aktiverne i sin fortegnelse over liste 2-papirer .
--- they must be debt obligations against or equities of ( or be guaranteed by ) entities which are deemed to be financially sound by the national central bank which has included the assets in its tier two list .
En garanti anses for acceptabel , hvis garanten ubetinget og uigenkaldeligt har garanteret udsteders forpligtelser med hensyn til betaling af hovedstol , rente og andre skyldige beløb til gældsinstrumenternes indehavere , indtil disse forpligtelser er helt opfyldt .
A guarantee will be deemed acceptable if the guarantor has unconditionally and irrevocably guaranteed the obligations in relation to the payment of principal , interest and any other amounts due to the holders of an asset until they are discharged in full .
Garantien skal være underlagt lovgivningen i et EU-land . Den skal være juridisk gyldig og bindende og skal kunne gøres gældende ( 60 ) over for garanten .
The guarantee must be governed by the law of an EU Member State and be legally valid , binding and enforceable ( 60 ) against the guarantor .
Inden det garanterede aktiv kan anses for belånbart , skal der indsendes en juridisk bekræftelse af garantiens juridiske gyldighed , bindende effekt og retsgyldighed ( 61 ) . Bekræftelsens form og ind hold skal kunne accepteres af Eurosystemet ( 62 ) .
A legal confirmation concerning the legal validity , binding effect and enforceability of the guarantee ( 61 ) will have to be submitted in form and substance acceptable to the Eurosystem ( 62 ) before the asset supported by the guarantee can be considered eligible .
( 60 ) Kravet om retsgyldighed er underlagt de konkursretlige og billighedsretlige regler samt lignende regler og retsprincipper , der måtte gælde for garanten og berøre kreditorernes rettigheder over for garanten generelt .
( 60 ) The requirement of enforceability is subject to any insolvency or bankruptcy laws , general principles of equity and other similar laws and principles applicable to the guarantor and affecting creditors » rights against the guarantor generally .
( 61 ) Hvis garanten er etableret i et andet retssystem end det , som garantien hører under , skal det også fremgå af den juridiske bekræftelse , at garantien er gældende og retsgyldig i henhold til den lovgivning , der gælder for garantens etablering .
( 61 ) If the guarantor is established in a jurisdiction other than the one of the law governing the guarantee , the legal confirmation shall also confirm that the guarantee is valid and enforceable under the law governing the establishment of the guarantor .
( 62 ) Den juridiske bekræftelse skal indsendes til gennemsyn i den NCB , der indberetter et bestemt aktiv , for hvilket der er stillet garanti med henblik på optagelse på fortegnelsen over belånbare aktiver .
( 62 ) The legal confirmation should be submitted for review to the NCB that is reporting a certain asset supported by a guarantee for inclusion in the list of eligible assets .
L 69/37
L 69/37
--- De skal være let tilgængelige for den nationale centralbank , som har medtaget aktiverne i sin fortegnelse over liste 2-papirer .
--- they must be easily accessible to the national central bank which has included the assets in its tier two list ,
--- De skal være opbevaret i euroområdet ( så sikringsakt og realisation sker i henhold til lovgivningen i et land i euroområdet ) .
--- they must be located in the euro area ( so that perfection and realisation are subject to the law of a euro area country ) ,
--- De skal være denomineret i euro ( 63 ) .
--- they must be denominated in euro ( 63 ) ,
--- De skal være udstedt ( eller garanteret ) af enheder etableret i euroområdet . Modparten må ikke levere som underliggende aktiver gældsforpligtelser over for eller aktier udstedt af modparten eller andre enheder , som modparten har en snæver forbindelse ( 64 ) til som defineret i artikel 1 , stk .
--- they must be issued ( or , alternatively , guaranteed ) by entities established in the euro area .
26 , i Europa-Parlamentets og Rådets direktiv 2000/12 / EF af 20 . marts 2000 om adgang til at optage og udøve virksomhed som kreditinstitut , selv om disse aktiver er opført i fortegnelsen over liste 2-papirer ( 65 ) ( 66 ) .
In spite of their inclusion in the tier two lists , a counterparty shall not submit as underlying assets debt obligations against or equities of the counterparty , or any other entity with which the counterparty has close links ( 64 ) , as defined in Article 1 ( 26 ) of Directive 2000/12 / EC of the European Parliament and of the Council of 20 March 2000 relating to the taking up and pursuit of the business of credit institutions ( 65 ) ( 66 ) .
--- Gældsinstrumenter med indfrielsesdato inden udløbet af den pengepolitiske operation , hvori de anvendes som underliggende aktiver ( 67 ) .
--- debt instruments falling due for repayment before the maturity date of the monetary policy operation for which they are used as underlying assets ( 67 ) ;
--- Gældsinstrumenter , hvor en betaling ( fx en rentebetaling ) finder sted i perioden indtil udløbet af den pengepolitiske operation , hvori de anvendes som underliggende aktiver .
--- debt instruments with an income flow ( e.g. a coupon payment ) occurring in the period up to the maturity date of the monetary policy operation for which they are being used as underlying assets ;
--- Aktier med en hvilken som helst betaling eller med en hvilken som helst anden rettighed , der kan påvirke deres egnethed som underliggende aktiv i perioden indtil udløbet af den pengepolitiske operation , hvori de anvendes som underliggende aktiver .
--- equities with a payment of any kind or with any other right attached to them which may affect their suitability as underlying assets for the period until the maturity date of the monetary policy operation for which they are being used as underlying assets .
Det betyder , at alle Eurosystemets modparter skal kunne benytte sådanne aktiver til at opnå likviditet fra den nationale centralbank i den medlemsstat , hvor de er beliggende , via links til deres nationale værdipapirafviklingssystem eller via andre godkendte ordninger ( se afsnit 6.6 ) .
This implies that all Eurosystem counterparties must be able to use such assets either through links with their domestic SSS or through other eligible arrangements to receive funds from the national central bank of the Member State in which the counterparty is established ( see Section 6.6 ) .
De anvendes normalt ikke i Eurosystemets egentlige købs - eller salgsforretninger .
They are not normally used in Eurosystem outright transactions .
( 63 ) Udtrykt i euro eller i euroens nationale denominationer .
( 63 ) Expressed as such or in the national denominations of the euro .
( 64 ) Som ved liste 1-papirer gælder , at en modpart , som anvender aktiver , der på grund af sammenfald med udsteder / garant eller snævre forbindelser ikke kan eller ikke længere kan anvendes som sikkerhed for udestående lån , er forpligtet til straks at underrette den relevante nationale centralbank herom .
( 64 ) As with tier one assets , in the event that a counterparty is using assets that , owing to an identity with the issuer / guarantor or the existence of close links , it may not or no longer use to secure an outstanding credit , it is obliged to immediately notify the relevant national central bank thereof .
( 65 ) Artikel 1 , stk . 26 , i Europa-Parlamentets og Rådets direktiv 2000/12 / EF af 20 .
In addition , the counterparty has to remove the asset at the earliest possible date .
marts 2000 om adgang til at optage og udøve virksomhed som kreditinstitut har følgende ordlyd : » » snævre forbindelser «: en situation , hvor to eller flere fysiske eller juridiske personer er knyttet til hinanden gennem : a ) kapitalinteresser , hvorved forstås besiddelse af mindst 20 pct . af stemmerettighederne eller af kapitalen i en virksomhed , enten direkte eller gennem kontrol , eller b ) kontrol , hvorved forstås den forbindelse , der består mellem et moderselskab og et datterselskab , i alle de i artikel 1 , stk .
( 65 ) Article 1 ( 26 ) of Directive 2000/12 / EC of the European Parliament and of the Council of 20 March 2000 relating to the taking up and pursuit of the business of credit institutions reads as follows : « Close links shall mean a situation in which two or more natural or legal persons are linked by : ( a ) participation , which shall mean the ownership , direct or by way of control , of 20 % or more of the voting rights or capital of an undertaking , or ( b ) control , which shall mean the relationship between a parent undertaking and a subsidiary , in all the cases referred to in Article 1 ( 1 ) and ( 2 ) of Directive 83/349 / EEC , or a similar relationship between any natural or legal person and an undertaking ;