natgillin/translations-raw huggingface dataset:
EMI - og efterfølgende ECB - vil fortsætte det tætte samarbejde med Kommissionen ( EUROSTAT ) vedrørende alle statistiske spørgsmål af fælles interesse .
The EMI and the future ECB will continue to co-operate closely with the Commission ( EUROSTAT ) on all statistical matters of common interest .
Efter etableringen af ECB vil der skulle træffes mere formelle aftaler om fordelingen af ECB 's og Kommissionens respektive statistiske ansvarsområder på europæisk plan . offentliggjort et udkast til rådsforordning vedrørende ECB 's indsamling af statistik .
The respective statistical responsibilities of the ECB and the Commission at the European level will need to be formally agreed following the establishment of the ECB .
Den ændrede tekst vil i overensstemmelse med traktatens artikel 106 , stk . 6 , blive forelagt Rådet af ECB kort efter sidstnævntes etablering .
shortly after its establishment , in accordance with Article 106 ( 6 ) of the Treaty .
Med henblik på ikrafttrædelsen af rådsforordningen vedrørende indsamling af statistik vil ECB skulle udstede de nødvendige forordninger i henhold til artikel 34 i ESCB / ECB-statutten .
In order to give effect to this EU Council Regulation concerning the collection of statistics , the ECB will need to issue legal instruments in accordance with Article 34 of the Statute .
3.4 IT-infrastrukturen Designfasen i udviklingen af et system til elektronisk dataudveksling inden for ESCB fuldendtes stort set i sommeren 1997 , og allerede ultimo 1997 var meget af implementeringsarbejdet også afsluttet , således at den første test af den elektroniske dataudveksling kunne finde sted i januar 1998 .
3.4 Information systems infrastructure The design of a system for electronic data transmission within the ESCB was essentially completed by summer 1997 . By the end of 1997 much of the implementation had already been completed , thus permitting the first test electronic transmissions to take place in January 1998 .
Systemet er baseret på dataudvekslingsformatet GESMES-CB , der er generelt anvendeligt til udveksling af statistiske data i tidsserieformater .
The system uses the GESMES-CB message format , which is generally applicable for the purpose of statistical data exchange in time-series format .
Det er sandsynligt , at systemet også vil blive bredt anvendt til udveksling af statistikker mellem internationale organisationer .
It is likely to be widely used for the exchange of statistics between international organisations .
I 1997 indledte EMI også arbejdet med at forberede sine interne systemer på modtagelsen , behandlingen og opbevaringen af de store mængder statistiske data , som ECB skal kunne håndtere i tredje fase .
In 1997 the EMI also started to prepare its internal systems in order for them to be able to receive , process and store the large amounts of statistical data which the ECB will need to handle in Stage Three .
3.3 Juridiske aspekter I januar 1997 blev der i EMI-rapporten , « The single monetary policy in Stage Three Specification of the operationel framework » ,
3.3 Legal aspects A draft EU Council Regulation concerning the collection of statistics by the ECB was published in the EMI 's report entitled « The single monetary policy in Stage Three Specification of the operational framework » in January 1997 .
4 Betalingssystemer 4.1 TARGET-systemet I september 1997 offentliggjorde EMI « Second Progress report on the TARGET ( TransEuropean Automated Real-time Gross settlement Express Transfer ) project » .
52 4 Payment systems 4.1 The TARGET system In September 1997 the EMI released the « Second progress report on the TARGET ( Trans-European Automated Real-time Gross settlement Express Transfer ) project » .
7 Rapporten indeholdt yderligere information om fremskridt med hensyn til systemets organisatoriske opbygning og implementering .
7 The report provided further information on the progress made with regard to the organisational aspects and implementation of the system . It mainly addressed the following issues : 1 ) operating time ;
Rapporten omhandlede primært følgende emner : 1 ) Åbningstider , 2 ) prispolitik , 3 ) adgang til intradag-likviditet for nationale centralbanker uden for euroområdet , 4 ) ECB 's rolle i TARGET og 5 ) implementeringen af TARGET .
4 ) the role of the ECB in TARGET ; and 5 ) TARGET implementation .
Hvad angår TARGET 's åbningstid er det besluttet , at TARGET kun vil være lukket den 25 . december , den 1 .
With reference to the TARGET operating time , Christmas Day and New Year 's Day will be the only two common holidays for TARGET , in addition to Saturdays and Sundays .
På alle andre dage vil TARGET-systemet være åbent , idet enkelte nationale centralbanker dog kan vælge at lukke deres nationale systemer på nationale helligdage , hvis dette er krævet i henhold til lovgivning eller er ønsket af den finansielle sektor .
On all other days the TARGET system will be open , although NCBs will be free to close their domestic systems on national holidays when the law or the respective banking community so require .
Hvis mindst to nationale realtidsbruttoafviklingssystemer ( RTGS-systemer ) holder åbent , vil interlinking-systemet , der sammenbinder de nationale realtidsbruttoafviklingssystemer , også være åbent .
Provided that at least two real-time gross settlement ( RTGS ) systems are open , the Interlinking system between those systems will also remain open .
I august 1998 vil der blive offentliggjort en liste over TARGET 's åbningsdage i 1999 ( inklusiv en liste over dage , hvor nationale realtidsbruttoafviklingssystemer er lukkede ) .
A calendar of TARGET operating days for 1999 ( including a list of national RTGS closing days ) will be published in August 1998 .
Det er herudover aftalt , at den normale TARGETåbningstid er fra kl .
Moreover , it has been agreed that the normal TARGET operating hours will be from 7 a.m. to 6 p.m. ECB time , i.e. the time in the place where the ECB is located .
18 ECB-tid ( den tidszone , hvori ECB er lokaliseret ) . Den eksakte pris på en grænseoverskridende betaling i TARGET vil blive fastlagt af ECB 's Styrelsesråd .
The precise level of the fee to be charged for cross-border TARGET transactions will be decided by the Governing Council of the ECB .
Prisen ventes at ligge i den nedre ende af det hidtil omtalte prisinterval mellem 1,50 E og 3,00 E. Samtidig kan der ventes indført prisdifferentiering baseret på transaktionsvolumen , således at den gennemsnitlige transaktionspris vil ligge et godt stykke under 1,50 E for deltagere , der bruger TARGET i større omfang .
The fee is expected to be close to the lower end of the previously indicated range of E 1.50 to 3.00 . In addition , a price differentiation can be expected , which will be based on volume and will result in an average user cost of well below E 1.50 for participants making extensive use of TARGET .
Som opfølgning på en beslutning i EMIRådet i december 19968 forberedes tre mekanismer , der skal forhindre eventuel indtradag-kredit givet af nationale centralbanker i euroområdet til nationale centralbanker uden for euroområdet i at forvandles til dag-til-dag-kredit .
As the follow-up to a decision taken by the EMI Council in December 1996 , 8 three mechanisms are being prepared in order to prevent intraday credit , if provided by euro area NCBs to non-euro area NCBs , from spilling over into overnight credit .
De tre mekanismer er : Mekanisme 1 : Høje strafrenter ( samt ikke-pekuniære sanktioner ) på eventuel dag-til-dag-kredit samt en tidlig lukketid for kundebetalinger i euro-området såvel som uden for euroområdet9 .
The three mechanisms are as follows : mechanism 1 : high penalty rates for spillovers ( supplemented by non-pecuniary sanctions ) and an early cut-off time for customer payments both in euro area and in non-euro area countries ;
Mekanisme 2 : Grænser ( muligvis på nul ) for indtradag-kredit givet af nationale centralbanker i euroområdet til nationale centralbanker uden for euroområdet .
9 mechanism 2 : limits ( possibly set at zero ) for intraday credit granted by euro area NCBs to non-euro area NCBs ;
Mekanisme 3 : En tidligere lukketid for TARGET-deltagere ( nationale centralbanker og kreditinstitutter ) uden for euroområdet .
mechanism 3 : an earlier cut-off time for non-euro area TARGET participants ( NCBs and credit institutions ) .
Den tidligere lukketid gælder ikke gennemførelsen af betalinger fra nationale centralbanker uden for euroområdet , men alene deres adgang til intradag-kredit .
In this case , the earlier cut-off time would not apply to the processing of payments by non-euro area NCBs , but rather to their use of intraday credit in euro .
Den endelige beslutning om disse emner vil blive truffet af ECB 's Styrelsesråd .
The decision on these issues will be taken by the Governing Council of the ECB .
En opdateret version af de tekniske bilag , der oprindeligt blev offentliggjort i august 1996 (" Interlinking specifications » , « Interlinking data dictionary » og « Details of the minimum common performance features of RTGS systems within TARGET ") , samt et yderligere bilag vedrørende « end-of-day " procedurer er tilgængeligt for interesserede .
An updated version of the technical annexes originally published in August 1996 ( Interlinking specifications , a data dictionary and details of the minimum common performance features of RTGS systems within TARGET ) and a further technical annex concerning end-of-day procedures were made available to interested parties .
Se EMI 's rapport « The single monetary policy in Stage Three - Specifications of the operational framework » , der blev offentliggjort i januar 1997 .
See the EMI 's report entitled « The single monetary policy in Stage Three - Specification of the operational framework » , which was published in January 1997 .
Den tidlige lukketid for kundebetalinger gælder for alle tre mekanismer . 51
The early cut-off time for customer payments applies to all three mechanisms .
Mechanism ) . ECB vil bruge EPM til at : Føre konti for sine institutionelle kunder ( eksklusive kreditinstitutter ) ;
The ECB will be connected to TARGET via its own payment mechanism ( the ECB payment mechanism , or EPM ) , through which it will perform the following functions : maintain accounts on behalf of its institutional customers ( excluding credit institutions ) ; process payments for itself and its customers ;
gennemføre betalinger på egne og kunders vegne , og stå til rådighed for afviklingen af grænseoverskridende engrosnettoafviklingssystemer .
provide settlement services to crossborder large-value net settlement systems .
Herudover vil ECB stille end-of-dayprocedurer og eventuelt andre kontrolprocedurer til rådighed for TARGET .
Moreover , the ECB will provide end-of-day procedures and possibly other control measures for the TARGET system .
Ifølge tidsplanen for implementering og test af TARGET skal de nationale centralbanker og EMI / ECB gennemføre følgende tre testfaser , inden de får lov til at sætte deres interlinking - og RTGS-komponenter i produktion ( ultimo 1998 ) : ( i ) Statisk og dynamisk test , ( ii ) multilateral test og ( iii ) simuleringstest .
According to the schedule for TARGET testing and implementation , before being permitted to migrate ( in late 1998 ) with their Interlinking / RTGS components towards TARGET production , the NCBs and the EMI / ECB have to complete the following three sets of tests : ( i ) static and dynamic tests , ( ii ) multilateral tests , and ( iii ) simulation tests .
Alle nationale centralbanker havde påbegyndt den statiske test i april 1998 .
All NCBs had started static testing by April 1998 .
Fjorten RTGS-systemer har allerede gennemført den statiske test , tolv har gennemført den dynamiske test og fire har også gennemført den multilaterale test .
Fourteen RTGS systems have already completed the static tests , twelve the dynamic tests , and four have also completed the multilateral tests .
I maj 1998 blev der udgivet en brochure med en generel beskrivelse af TARGET .
A brochure providing a general description of the TARGET system was published in May 1998 .
Standarder for anvendelsen af værdipapirafviklingssystemer i forbindelse med ESCB 's likviditetstilførsel . EMI og de nationale centralbanker har analyseret afviklingsprocedurerne for de værdipapirer , der kan anvendes som sikkerhedsstillelse i forbindelse med ESCB 's pengepolitiske operationer og betalingssystemer .
Standards for using SSSs in ESCB credit operations The EMI and the EU NCBs have analysed the settlement procedures for those assets which will be eligible for collateralising the monetary policy and payment systems operations of the ESCB .
Det er især vigtigt , at der anvendes procedurer for ESCB 's likviditetstilførsel , der ( i ) forhindrer , at de nationale centralbanker løber unødige risici i forbindelse med udførelsen af de pengepolitiske operationer , og ( ii ) sikrer det samme niveau af sikkerhed for alle de nationale centralbanker ved afviklingen af deres operationer i EU .
In particular , ESCB credit operations will have to be conducted according to procedures which : ( i ) prevent the NCBs from bearing inappropriate risk in conducting monetary policy operations ; and ( ii ) ensure the same level of safety for all NCBs » operations settled throughout the European Union .
Inden for denne ramme har EMI skitseret 9 grundliggende standarder imod hvilke , sikkerheden skal måles i de værdipapirafviklingssystemer , som skal bruges til afvikling af ESCB 's pengepolitiske operationer og intradagkredit-operationer .
Within this framework , the EMI has outlined nine basic standards against which the soundness of those SSSs to be used for the settlement of ESCB monetary policy and intraday credit operations will be assessed .
Standarderne og den bagvedliggende analyse er beskrevet i EMI 's rapport « Standards for the use of Securities Settlement Systems in ESCB credit operations » , som blev udgivet 8 . januar 1998 .
The standards and the underlying analysis are described in the EMI 's report entitled « Standards for the use of Securities Settlement Systems in ESCB credit operations » , which was released on 8 January 1998 .
Standarderne dækker tre hovedområder : Juridiske forhold , afviklingsog depotrisici , samt driftsforhold .
These standards cover three main areas : legal issues , settlement and custody risks , and operational issues .
Den første standard fastslår , at alle værdipapirafviklingssystemer og forbindelserne mellem dem skal være solidt juridisk funderet . Dette skal sikre , at både afviklingen af betalinger og overførsler af værdipapirer er endelige , og at ECB 's og de nationale centralbankers rettigheder med hensyn til værdipapirer overført eller holdt i sådanne systemer er passende beskyttet .
The first standard states that all SSSs and the links between them should have a sound legal basis , which will ensure that both the settlement of payments and the transfer of securities are final and that the rights of the ECB and the NCBs in respect of securities transferred or held within such systems for their account are adequately protected .
Den anden standard har til formål at sikre , at afviklingen af betalingssiden sker på centralbankkonti .
The second standard aims to ensure that the cash leg of the settlement is conducted in central bank money .
Standard 3 fokuserer på sikkerheden af den sikkerhedsstillelse , som holdes i depot , og fastslår , at værdipapirafviklingssystemerne skal have passende beskyttelse til at sikre de nationale centralbanker mod depotrisiko , eksempelvis når tredje parts depoter anvendes .
Standard 3 focuses on the security of collateral held in custody and states that SSSs should have adequate safeguards to protect NCBs against custodial risk , for instance when third-party depositories are used .
2 Værdipapirafviklingssystemer I 1997 var det forberedende arbejde koncentreret om to hovedopgaver : Etableringen af standarder for anvendelsen af værdipapirafviklingssystemer i forbindelse med ESCB-kreditoperationer samt implementeringen af en kortsigts model til grænseoverskridende anvendelse af sikkerhedsstillelse .
( ii ) participants be 4.2 Securities settlement systems In 1997 preparatory work focused on two main aspects : the establishment of standards for the use of securities settlement systems ( SSSs ) in ESCB credit operations and the implementation of short-term solutions for the cross-border use of collateral .
Standarderne 4 til 6 kræver , at : ( i ) Alle værdipapircentraler reguleres og / eller kontrolleres af en kompetent myndighed ; ( ii ) deltagerne er klar over risici ved og betingelser for brug af systemerne ;
aware of the risks of and access conditions for using the systems ;
og ( iii ) passende risikostyringsprocedurer implementeres for at håndtere effekterne af en betalingsstandsning hos en eller flere af deltagerne .
and ( iii ) proper risk management procedures be implemented in order to cope with the effects of the default of one or more participants .
Standard 7 drejer sig om endelighed i sammedags-afviklinger , som skal være mulig fra starten af tredje fase af ØMU .
Standard 7 concerns intraday settlement with finality , which must be possible from the start of Stage Three of EMU .
Som et første trin skal værdipapirafviklingssystemerne sikre sammedags endelighed for afviklingen af ESCB 's likviditetstilførsel .
As a first step , SSSs must ensure intraday finality for the settlement of ESCB credit operations .
Dette kan sikres gennem forskellige operative mekanismer , som fx : 1 ) RTGS-systemer til værdipapirhandler ;
This could be achieved by means of various operational mechanisms , such as : 1 ) RTGS systems for securities transactions ;
2 ) nettoværdipapirafviklingssystemer med flere afviklinger pr. dag ;
2 ) net securities settlement systems with several processing cycles during the day ;
3 ) foruddeponering af værdipapirer ( inkl . forudgående pantsætning ) i sikkerhedsdepoter i en national centralbanks navn , eller 4 ) fri samme-dags levering af værdipapirer .
3 ) the pre-depositing of securities ( including prepledging ) on operational safe custody accounts held with an NCB ; or 4 ) the free intraday delivery of securities .
Valget mellem de fire metoder overlades til de nationale centralbanker på basis af eksisterende national infrastruktur .
The choice between the four options will be left to the NCBs on the basis of the existing infrastructures at the domestic level .
På længere sigt antages det , at alle værdipapirafviklingssystemer vil være i stand til at tillade ESCB at afvikle sin likviditetstilførsel ved hjælp af realtids DvP ( delivery vs payment ) afviklingssystemer .
As a longer-term objective , it is envisaged that all SSSs will have to enable the ESCB to settle its credit operations by means of real-time delivery versus payment settlement facilities .
Standard 8 anbefaler åbningstider og - dage , der svarer til TARGET-systemets .
Standard 8 recommends operating hours and days consistent with those of the TARGET system .
Endelig forlanger standard 9 , at de tekniske systemer har et passende driftssikkerhedsniveau og passende back-up faciliteter .
Finally , Standard 9 requires the technical systems to have an adequate level of operational reliability and adequate backup facilities to be provided .
Alle rapportens standarder skal være opfyldt pr. 1 . januar 1999 på nær kravet om realtids DvP ( delivery vs payment ) afviklingssystemer ( standard 7 ) , som skal være opfyldt pr. 1 .
All the standards presented in the report must be met by SSSs by 1 January 1999 , with the exception of the requirement for real-time delivery versus payment settlement facilities ( Standard 7 ) , which should be implemented by 1 January 2002 .
På basis af en vurdering af resultaterne vil ECB i september 1998 udgive en liste over de værdipapirafviklingssystemer , der vil blive anvendt til ESCB 's likviditetstilførsel .
On the basis of the results of the assessment , in September 1998 the ECB will publish a list of the SSSs to be used for ESCB credit operations .
Mekanismer til grænseoverskridende anvendelse af sikkerhedsstillelse i tredje fase af ØMU . I juli 1997 besluttede EMI-Rådet at anvende korrespondentbankmodellen ( CCBM correspondent central banking model ) som en midlertidig løsning , indtil der etableres passende forbindelser mellem værdipapirafviklingsssystemerne til at sikre den grænseoverskridende anvendelse af sikkerhedsstillelse i forbindelse med ESCB 's operationer ( pengepolitik og intra-dag likviditetsoverførsel ) .
Mechanisms for the cross-border use of collateral in Stage Three of EMU In July 1997 the EMI Council decided to adopt the correspondent central banking model ( CCBM ) as an interim solution before the establishment of appropriate links between SSSs in order to facilitate the cross-border use of collateral in ESCB operations ( monetary policy and intraday credit operations ) .
Med CCBM stiller den hjemlige centralbank likviditet til rådighed på grundlag af sikkerhedsstillelse i depoter i udlandet .
With the CCBM , liquidity is provided by the home central bank , based on collateral held on securities accounts abroad .
CCBM 's grundliggende princip er , at hver national centralbank vil agere som korrespondent ( for leveringen af sikkerhedsstillelse ) på anmodning af enhver anden national centralbank .
The basic principle of the CCBM is that each NCB will act as a correspondent ( for the delivery of securities ) at the request of any other NCB .
Hver national centralbank vil derfor have brug for at åbne et depot til administration af værdipapirer på vegne af enhver af de øvrige nationale centralbanker .
Each NCB will therefore need to open an account for the administration of securities for every other NCB .
Når en ESCB-modpart ( i land A ) ønsker kredit , vil den gå til sin hjemme-centralbank ( NCB A ) , anmode om kredit og tilbyde sikkerhedsstillelse .
Thus , when an ESCB counterparty ( in country A ) wishes to obtain credit , it will approach its home NCB ( NCB A ) , request the credit and offer collateral .
Hvis denne sikkerhedsstillelse findes i et andet land ( land B ) , vil modparten arrangere ( dette kan involvere en korrespondent ) , at sikkerhedsstillelsen leveres eller på anden måde overføres til et angivet depot i land B 's centralbank ( NCB B ) .
In the event that the collateral is held in another country ( country B ) , the counterparty will arrange for the collateral to be delivered ( this step may involve a custodian ) or otherwise transferred to a specified securities account with the NCB of country B ( NCB B ) .
NCB A vil anmode NCB B om at informere om leveringen af sikkerhedsstillelse , og når NCB A har modtaget bekræftelse på den endelige og uigenkaldelige levering , frigives kreditten til modparten .
NCB A will request that NCB B inform it upon delivery of the collateral and , once confirmation of the final , irrevocable delivery of the collateral has been received by NCB A , the latter will release the credit to the counterparty .
5 Forberedelse af eurosedler I løbet af 1997 blev designudkastene til eurosedlerne , som EMI-Rådet valgte i december 1996 ( se EMI 's årsberetning 1996 , kapitel II , afsnit 5 ) , udviklet til de endelige design .
5 Preparation of euro banknotes In the course of 1997 final designs were developed from the draft designs for the euro banknotes which were chosen by the EMI Council in December 1996 ( see the EMI 's Annual Report 1996 , Chapter II , Section 5 ) .
Disse reviderede designudkast blev offentliggjort i juli 1997 og vil danne grundlag for originalarbejdet , som i løbet af første halvdel af 1998 vil blive omsat til trykplader .
Illustrations of the revised designs were published in July 1997 . These form the basis for the origination work , in the context of which the designs are being transformed into printing plates in the first half of 1998 .
De valgte designskitser blev tilpasset for at imødekomme en række forskellige krav .
The selected draft designs were amended in order to meet a range of different requirements .