natgillin/translations-raw huggingface dataset:
Ved et kreditinstitut forstås således: i) Et foretagende, hvis virksomhed består i fra offentligheden at modtage indlån eller andre midler, der skaltilbagebetales, samt i at yde lån for egen regning, eller ii) et foretagende og enhver anden juridiskperson, der udsteder betalingsmidler i form af elektroniske penge.
Solvency risk: the risk of loss owing to the failure (bankruptcy) of an issuer of a financial asset or to the insolvency of the counterparty.
Langfristet markedsoperation (longer-term refinancing operation): En regelmæssig markedsoperation, der udføres af eurosystemet som tilbageførselsforretning.
Standing facility: a central bank facility available to counterparties at their own initiative.
Langfristede markedsoperationer udføres i form af månedlige standardauktioner med en løbetid på normalt tre måneder.
The Eurosystem offers two overnight standing facilities: the marginal lending facility and the deposit facility.
Laveste tildelingsbeløb (minimum allotment amount): Den nedre grænse for det beløb, der tildeles de enkelte modparter i en auktion.
Start date: the date on which the first leg of a monetary policy operation is settled.
Eurosystemet kan beslutte at tildele hver modpart i en auktion et mindstebeløb.
The start date corresponds to the purchase date for operations based on repurchase agreements and foreign exchange swaps.
Laveste tildelingsprocent (minimum allotment ratio): Den nedre grænse, udtrykt som procent, forkvotienten ved tildeling af budbeløb til den marginale rente i en auktion. Eurosystemet kan beslutteat anvende en laveste tildelingsprocent i sine auktioner.
Strip (separate trading of interest and principal): a zero coupon bond created in order to trade separately the claims on particular cash flows of a security and the principal of the same instrument.
Levering mod betaling (delivery versus payment system eller delivery against payment system): En mekanisme i et afviklingssystem, som sikrer, at endelig overførsel af aktiver (værdipapirereller andre finansielle instrumenter) finder sted, hvis, og kun hvis, den endelige overførsel af et ellerflere andre aktiver finder sted.
Structural operation: an open market operation executed by the Eurosystem mainly in order to adjust the structural liquidity position of the financial sector vis-à-vis the Eurosystem.
Link mellem værdipapirafviklingssystemer (link between securities settlement systems): Etlink består af alle procedurer og arrangementer mellem to værdipapirafviklingssystemervedrørende elektronisk overførsel af værdipapirer mellem de to systemer.
Swap point: the difference between the exchange rate of the forward transaction and the exchange rate of the spot transaction in a foreign exchange swap.
Løbetidskurv (maturity bucket): En gældsinstrumentklasse inden for en likviditetskategori forliste 1-papirer eller liste 2-papirer og med en restløbetid, der ligger inden for bestemte værdier, fx3-5 år.
TARGET (Trans-European Automated Real-time Gross settlement Express Transfer system): the predecessor of the TARGET2 system, operating in a decentralised structure linking together national RTGS systems and the ECB payment mechanism.
Margin call: En procedure i forbindelse med anvendelse af variationsmarginer.
TARGET2: the real-time gross settlement system for the euro, providing settlement of payments in euro in central bank money.
Centralbankenpålægger modparterne at levere yderligere aktiver (eller kontanter), hvis de underliggende aktiversværdi, målt regelmæssigt, falder under et bestemt niveau.
TARGET2 is established and functions on the basis of a single platform, through which all payment orders are submitted and processed and through which payments are received in the same technical manner.
Tilsvarende kan modparten bede centralbanken returnere overskydende aktiver (eller kontanter), hvis de underliggende aktivers værdi efteren revaluering ligger over det beløb, som modparterne skylder, plus variationsmarginen.
TARGET2 is legally structured as a multiplicity of RTGS systems (TARGET2 component systems).
Marginal rente (marginal interest rate): Den rentesats, ved hvilken hele tildelingsbeløbet i en auktion er nået.
Tender procedure: a procedure in which the central bank provides liquidity to, or withdraws liquidity from, the market on the basis of bids submitted by counterparties in competition with each other.
Marginale udlånsfacilitet, den (marginal lending facility): En stående facilitet i eurosystemet,som modparterne kan anvende til at opnå dag-til-dag kredit fra en national centralbank til en påforhånd fastsat rentesats mod belånbare aktiver.
Trade date (T): the date on which a trade (i.e. an agreement on a financial transaction between two counterparties) is struck. The trade date might coincide with the settlement date for the transaction (same-day settlement) or precede the settlement date by a specified number of business days (the settlement date is specified as T + the settlement lag).
Markedsoperation (open market operation): En operation, der udføres på initiativ af centralbanken i det finansielle marked.
Treaty: the Treaty establishing the European Community. It is often referred to as the “Treaty of Rome”, as amended.
ECBGennemførelsen af pengepolitikken i euroområdet
Valuation date: the date on which the assets underlying credit operations are valued.
Minimumsbudrente (minimum bid rate): Den nedre grænse for den rente, til hvilken modparternekan afgive bud i auktioner til variabel rente.
The Eurosystem applies valuation haircuts reflecting features of the specific assets, such as the residual maturity.
Modpart (counterparty): Den anden part i en finansiel transaktion (fx den anden part i en transaktion med centralbanken).
Valuation markdown: a risk control measure applied to underlying assets used in reverse transactions, meaning that the central bank applies a reduction of the theoretical market value of the assets by a certain percentage before applying any valuation haircut.1
De omfatter centralbankerne, residente kreditinstitutter som defineret i fællesskabslovgivningen samt alle øvrige residente finansielle institutioner, som modtager indskud og/eller nære substitutter for indskud fra enheder undtagen MFIer, og som for egen regning (i det mindste økonomisk set) yder kredit og/ellerinvesterer i værdipapirer.
This implies that if the value, measured on a regular basis, of the underlying assets falls below a certain level, the national central bank will require the counterparty to supply additional assets or cash (i.e. a margin call).
Nulkuponobligation (zero coupon bond): Et værdipapir, der kun medfører udbetaling én gang i sinløbetid. I dette dokument kan nulkuponobligationer omfatte både værdipapirer udstedt til underkursog værdipapirer, der udløser en enkelt rentebetaling ved forfald. En strip er en særlig type nulkuponobligation.
Zero coupon bond: a security paying only one cash flow during its life.
Ratingværktøjer (rating tools): En kilde til vurdering af kreditkvalitet, der anvendes inden foreurosystemets rammer for kreditvurdering, og som omfatter tredjemands redskaber til vurderingaf debitorers kreditkvalitet, hvortil der bl.a. anvendes oplysninger som reviderede regnskaber.
Thus, for example, for assetbacked securities in liquidity category V that are valued using a theoretical price, a valuation markdown of 5 % is applied to the theoretical price before the application of the valuation haircut of 12 %.
I eurosystemets reservekravssystem beregnes et kreditinstituts reservekrav vedat multiplicere reservekravskoefficienten for hver kategori af balanceposter i reservekravsgrundlaget med beløbet for de tilsvarende balanceposter på instituttets balance.
For foreign exchange swaps executed for monetary policy purposes, the range of counterparties corresponds to the counterparties located in the euro area which are selected for Eurosystem foreign exchange intervention operations.
ECB offentliggør en kalender over reservekravsperioderne mindst tremåneder inden årets begyndelse.
The first set of criteria is inspired by the principle of prudence.
Reservekravsperioderne starter på afviklingsdagen for den førsteprimære markedsoperation efter det møde i Styrelsesrådet, hvor den månedlige vurdering af pengepolitikken finder sted, og slutter normalt dagen før den tilsvarende afviklingsdag i den efterfølgendemåned. Under særlige omstændigheder kan den offentliggjorte kalender ændres, fx hvis der ændresi kalenderen over Styrelsesrådets møder.
A first prudential criterion is creditworthiness, which is assessed using a combination of different methods (e.g. using credit ratings available from commercial agencies and the in-house analysis of capital and other business ratios); a second criterion is that the Eurosystem requires all its potential foreign exchange intervention counterparties to be subject to supervision by a recognised supervisor; and, as a third criterion, all the Eurosystem’s foreign exchange intervention counterparties need to follow high ethical standards and have a good reputation.
Restløbetid (residual maturity): Den tid, der er tilbage inden et gældsinstruments indfrielse.
Once the minimum prudence requirement is fulfilled, the second set of criteria inspired by efficiency considerations is applied.
Salgsdato (purchase date): Den dato, hvor ejendomsretten til de pågældende aktiver overgår frasælger til køber.
The quality and coverage of information provided by counterparties feature among other efficiency criteria.
Salgspris (purchase price): Den pris, til hvilken de pågældende aktiver sælges eller skal sælges.
It enables the Eurosystem to choose from among different intervention channels.
Sikkerhed, system til pooling af (collateral pooling system): Et system til centralbankernesadministration af sikkerhed, hvor modparterne åbner en poolkonto til deponering af aktiver, der
In order to be able to intervene efficiently in different geographical locations and time zones, the Eurosystem can use counterparties in any international financial centre. However, in
Standardfradrag (lump-sum allowance): Et fast beløb, som et institut fratrækker ved beregningenaf sit reservekrav i henhold til eurosystemets reservekravssystem.
INTRODUCTION consolidated balance sheet of the monetary financial institutions (MFI) sector, the principal aim of which is to provide the ECB with a comprehensive statistical picture of monetary developments covering the aggregated financial assets and liabilities of MFIs in the participating Member States, which are viewed as one economic territory.
Startdato (start date): Den dato, hvor første del af en pengepolitisk operation afvikles. Startdatoensvarer til salgsdatoen for operationer, der udføres som genkøbsforretninger og valutaswaps.
For statistical purposes, the ECB’s reporting requirements in the context of the consolidated balance sheet of the MFI sector are based on three main considerations.
Strip (separate trading of interest and principal): En nulkuponobligation, der er konstrueret medhenblik på separat handel af hovedstol og øvrige betalingsstrømme ved værdipapiret.
Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank2defines the natural and legal persons which are subject to reporting requirements (the so-called reference reporting population), the confidentiality regime and the apropriate provisions for enforcement in accordance with Article 5.4 of the Statute of the European System of Central Banks and of the European Central Bank (Statute of the ESCB).
Størrelsesauktion (volume tender): Se auktion til fast rente.
• to specify the actual reporting population;
Stående facilitet (standing facility): En centralbankfacilitet, som modparterne har adgang til påeget initiativ. Eurosystemet tilbyder to dag-til-dag faciliteter: den marginale udlånsfacilitet ogindlånsfaciliteten.
• to define the ECB’s statistical reporting requirements and impose them on the actual reporting population of participating Member States; and
Swappoint: Forskellen mellem valutakursen for terminsforretningen og valutakursen for spotforretningen i en valutaswap.
• to specify the conditions under which the ECB and the national central banks (NCBs) may exercise the right to verify or to carry out the compulsory collection of statistical information.
Target (Trans-European Automated Real-time Gross settlement Express Transfer): Forløberfor Target2-systemet, med en decentral struktur, der forbinder nationale RTGS-systemer og ECBs
First, the ECB must receive comparable, reliable and up-to-date statistical information which is collected under comparable terms and conditions throughout the euro area.
Udløbsdato (maturity date): Den dato, hvor en pengepolitisk operation udløber.
0 1 of the European Central Bank of 2 November
Eurosystemet udfører pengepolitiske markedsoperationer i form af valutaswaps,hvor de nationale centralbanker (eller ECB) køber (eller sælger) euro spot mod en udenlandsk valuta og samtidig forpligter sig til at sælge (eller købe) dem tilbage på et givet tidspunkt i fremtiden.
The reason for this is that said Regulation is binding in its entirety and directly applicable throughout the euro area.
Variationsmargin (tilpasning til markedsværdi) (variation margin (marking to market)):Eurosystemet kræver, at kursværdien af de underliggende aktiver i likviditetstilførende tilbagefør-
It imposes obligations directly on natural and legal persons on which the ECB may impose sanctions whenever the ECB’s reporting requirements are not fulfilled (see Article 7 of Council Regulation (EC) No 2533/98.
ECBGennemførelsen af pengepolitikken i euroområdet
The reporting obligations are therefore clearly defined and any discretion exercised by the ECB when verifying or
selsforretninger, som eurosystemet kræver holdes på et vist niveau.
The content of this appendix is provided for information purposes only.OJ L 318, 27.11.1998, p. 8.OJ L 333, 17.12.2001, p. 1.
Værdiansættelsesdag (valuation date): Den dag, hvor de underliggende aktiver i kreditoperationerværdiansættes.
This Regulation has replaced Regulation (EC) No. 2819/98 of the European Central Bank of 1 December 1998 (ECB/1998/16).
Værdipapircentral (central securities depository (CSD)): En enhed, der opbevarer og administrerer værdipapirer eller andre finansielle aktiver og emissionskontiene, og som muliggør værdipapirhandler i elektronisk form. Værdipapirer kan eksistere som fysiske papirer (der opbevares i værdipapircentralen) eller som dematerialiserede værdipapirer (dvs. kun som elektroniske registreringer).
of the monetary financial institutions sector (ECB/2001/13), as amended,3is to enable the ECB and, in accordance with Article 5.2 of the Statute, the national central banks – which carry out the work to the extent possible – to collect the statistical material required for the fulfilment of the tasks of the European System of Central Banks (ESCB) and, in particular, its task to define and implement the monetary policy of the Community in accordance with Article 105 (2), first indent, of the Treaty establishing the European Community (Treaty).
Denne type værdipapirer udstedes normalt af et særligt oprettet investeringsselskab,der har erhvervet puljen af finansielle aktiver fra udsteder/sælger. Betalinger på værdipapirer afasset-backed typen afhænger derfor primært af de betalingsstrømme, som genereres af aktiverne iden underliggende pulje og andre rettigheder, som skal sikre rettidig betaling, som fx likviditetsfaciliteter, garantier eller andre faciliteter, som normalt kendes som udvidelser af kreditværdigheden.
The statistical information collected in accordance with Regulation ECB/2001/13 is used to establish the
Udvælgelse afmodparter tilvaluta-interventionerog valutaswaps,der udføres ipengepolitiskøjemed ske årsager, følger samme fremgangsmåde, uanset det valgte organisatoriske set-up foreurosystemets eksterne operationer.
APPENDIX 4 compulsorily collecting statistical information follows identifiable principles.
Desuden bemyndiger forordningen ECBtil at anvende sin regeludstedende beføjelse tilat:
These derogations enable national central banks to apply the method of “cutting off the tail”.
For det andet skal rapporteringskravene i forordning ECB/2001/13 opfylde principperne om gennemsigtighed og retssikkerhed.
STATISTICAL REPORTING OBLIGATIONS
Rapporteringsgrundlag for Den Europæiske Centralbanks penge- ogbankstatistik banker i medfør af forordning ECB/2001/13,benyttes derfor også til beregning af reservekravsgrundlaget i overensstemmelse med Den Europæiske Centralbanks forordning (EF) nr.1745/2003 af 12. september 2003 om anvendelseaf mindstereserver (ECB/2003/9).4
Therefore, the statistical material collected by national central banks under Regulation ECB/2001/13 is also used to calculate the reserve base in accordance with Regulation (EC) No 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves (ECB/2003/9) 4.
Artiklerne i forordning ECB/2001/13 medsenere ændringer indeholder kun en generel definition af den faktiske rapporteringspopulation,dens rapporteringsforpligtelser og de principper,som ECB og de nationale centralbanker normaltfølger under udøvelse af verifikationsretten ellerretten til at foranstalte tvungen indsamling afstatistisk information. Nærmere oplysninger omden statistiske information, der skal rapporteresfor at opfylde ECBs statistiske rapporteringskrav, og de gældende minimumsstandarder findes i bilag I-IV forordning ECB/2001/13.
The articles of Regulation ECB/2001/13, as amended, restrict themselves to defining, in general terms, the actual reporting population, its reporting obligations and the principles according to which the ECB and the national central banks normally exercise their competence to verify or compulsorily collect statistical information.
Forordning ECB/2001/13 med senere ændringer hindrer ikke de nationale centralbanker i atindsamle den statistiske information fra den faktiske rapporteringspopulation, der er nødvendigfor at opfylde ECBs statistiske krav inden forrammerne af en bredere statistisk rapportering,som de nationale centralbanker etablerer undereget ansvar i overensstemmelse med fællesskabsretten, national ret eller etableret praksis,og som tjener andre statistiske formål.
Regulation ECB/2001/13, as amended, does not prevent national central banks from collecting, from the actual reporting population, the statistical information necessary to fulfil the statistical requirements of the ECB as part of a broader statistical reporting framework which the national central banks establish under their own responsibility in accordance with Community or national law or established practice and which serves other statistical purposes.
Dette skaldog ske, uden at berøre opfyldelsen af de statistiske krav i forordning ECB/2001/13.
However, this should be without prejudice to the fulfilment of the statistical requirements set out in Regulation ECB/2001/13.
I særlige tilfælde kan ECB til opfyldelse af sine krav benyttesig af statistisk information, der er indsamletmed disse formål for øje.
In specific cases, the ECB may rely on statistical information collected for such purposes to fulfil its requirements.
Følgerne af en fritagelse som defineret ovenforer, at de små MFIer er underlagt reducerede rapporteringskrav (bl.a. kun kvartalsrapportering),der er obligatoriske af hensyn til opgørelsen afreservekrav og er angivet i bilag II til forordning ECB/2001/13.
deposits and/or close substitutes for deposits from entities other than MFIs and, for their own account (at least in economic terms), to grant credit and/or invest in securities. The ECB establishes and maintains a list of institutions in accordance with this definition and following the classification principles specified in Annex I to Regulation ECB/2001/13.
Kravene til små MFIer, der ikkeer kreditinstitutter, er fastsat i bilag III til dennævnte forordning.
The competence to establish and maintain this List of MFIs for statistical purposes lies with the Executive Board of the ECB.
MFIer, der er fritaget, kandog vælge at opfylde rapporteringskravene fuldtud.
The population of MFIs resident in the euro area constitutes the actual reporting population.
BRUG AF DEN STATISTISKE INFORMATION I HENHOLD TIL ECBs FORORDNING OM ANVENDELSE AF MINDSTERESERVER
However, MFIs which have been granted a derogation have the option of fulfilling the full reporting requirements.
Disse fritagelser gør det muligt for de nationale centralbanker at anvende det såkaldte princip om"afkortning af halen".
National central banks are entitled to grant derogations to small MFIs if the MFIs which contribute to the monthly consolidated balance
Felter markeretmed "*" i tabel 1 anvendes af de rapporterendeinstitutioner til beregning af deres reservekravsgrundlag (se boks 9 i kapitel 7 i dette dokument).
In Table 1, the boxes marked with an “*” are used by the reporting institutions to calculate their reserve base (see Box 9 in Chapter 7 of this publication).
Efter godkendelse fra ECB kan kreditinstitutter, som er underlagtreservekrav, gennemføre en konsolideret statistisk rapportering for en gruppe af kreditinstitutter, der er underlagt reservekrav på et enkeltlands område, forudsat at alle de pågældendeinstitutter har afstået retten til at foretage standardfradrag i reservekravet. Retten til standardfradraget bevares, men kun for gruppen som helhed.
On receiving authorisation from the ECB, credit institutions subject to minimum reserves may carry out consolidated statistical reporting for a group of credit institutions subject to minimum reserves within a single national territory, provided that all the institutions concerned have renounced the benefit of any lumpsum allowance from the reserve requirement.
Alle de pågældende institutter er medtagetenkeltvis på ECBs liste over MFIer.
All the institutions concerned are included separately in the ECB’s List of MFIs.
Med henblik på korrekt beregning af reservekravsgrundlaget, som en positiv reservekravskoefficient anvendes på, kræves en detaljeret opdeling af tidsindskud med en oprindelig løbetid påover 2 år, indlån med opsigelsesvarsel på over 2år samt genkøbsforretninger indgået af kreditinstitutter med "indenlandske" MFIer og MFIer i"andre medlemsstater", "kreditinstitutter (KI),der er underlagt reservekrav (RK), ECB og NCBer", "statslig forvaltning og service" og"resten af verden (RV)".
In order to make a correct calculation of the reserve base to which a positive reserve ratio is applied, a detailed breakdown is required for deposits with an agreed maturity of over two years, for deposits redeemable at notice of over two years and for repo liabilities of credit institutions vis-à-vis the (“domestic” and “other participating Member States”) “MFIs”, “credit institutions subject to reserve requirements, ECB and NCBs” and “Central government” sectors, and vis-à-vis the “Rest of the world” (RoW).
Afhængigt af det nationale indsamlingssystem,og hvis det ikke går ud over den fulde overensstemmelse med de definitioner og klassifikationsprincipper for MFI-balancen, der anføres iforordning ECB/2001/13, kan kreditinstitutter,der er underlagt reservekrav, alternativt rapportere de data, der er nødvendige for at beregnereservekravsgrundlaget, dog med undtagelse afdata vedrørende omsættelige instrumenter, ioverensstemmelse med tabel 1a, forudsat atingen af de med fed optrykte positioner i tabel 1berøres.
Furthermore, depending on the national collection systems and without prejudice to full compliance with the definitions and classification principles of the MFI balance sheet set out in Regulation ECB/2001/13, credit institutions subject to reserve requirements may alternatively report the data necessary to calculate the reserve base, except those on negotiable instruments, in accordance with Table 1a, provided that no bold printed positions of Table 1 are affected.
Bilag II til forordning ECB/2001/13 indeholdersærlige bestemmelser, overgangsbestemmelserog bestemmelser om fusioner mellem kreditinstitutter i forbindelse med anvendelsen af reservekravssystemet.
Furthermore, the annex includes provisions to be applied in the case of mergers involving credit institutions.