natgillin/translations-raw huggingface dataset:
Ïé áðáéôÞóåéò óõíïøßóôçêáí óôçí ÅôÞóéá ´ Åêèåóç ôïõ ÅÍÉ ãéá ôï 1996 êáé äåí åðáíáëáìâÜíïíôáé óôçí åöåôéíÞ , åêôüò áðü ôéò ðåñéðôþóåéò üðïõ êñßíåôáé áðáñáßôçôï ãéá êáôáôïðéóôéêïýò ëüãïõò óå ó ÷ Ýóç ìå üóá åðáêïëïýèçóáí .
Comprising some 11,000 institutions , it provides as homogeneous a population as possible for statistical purposes .
Ôï ÅÍÉ óõììåôåß ÷ å óå áíåðßóçìåò äéáâïõëåýóåéò ùò ðñïò ôá íïìéêÜ æçôÞìáôá ôïõ óôáôéóôéêïý ðëáéóßïõ ãéá ôï Ôñßôï ÓôÜäéï êáé üñéóå ôéò ôå ÷ íéêÝò ëåðôïìÝñåéåò ìåãÜëïõ ìÝñïõò ôçò áðáéôïýìåíçò õðïäïìÞò óå ðëçñïöïñéáêü åîïðëéóìü . ÍïìéóìáôéêÜ êáé ôñáðåæéêÜ óôáôéóôéêÜ óôïé ÷ åßá Ç Ýêäïóç ôïõ ÅÍÉ ìå ôßôëï  ÅõñùðáúêÝò óôáôéóôéêÝò ìÝèïäïé ãéá ôá íïìéóìáôéêÜ êáé ôñáðåæéêÜ èÝìáôá  ( Áðñßëéïò 1997 )
The EMI also clarified the reporting requirements to be met by NCBs , since they form part of the MFI sector and Money and banking statistics The EMI 's publication entitled « European Money and Banking Statistical Methods » ( April 1997 ) describes the statistical systems in Member States in the field of money and banking statistics as at the end of 1996 .
Ï êáôÜëïãïò èá åðéôñÝøåé íá ðáñá ÷ èåß Ýíáò ðåñéåêôéêüò êáé óõíåðÞò éóïëïãéóìüò ôïõ ôïìÝá äçìéïõñãßáò ÷ ñÞìáôïò óôçí ðåñéï ÷ Þ ôïõ åíéáßïõ íïìßóìáôïò êáé èá õðïóôçñßîåé Üëëåò óçìáíôéêÝò óôáôéóôéêÝò åöáñìïãÝò üðùò ôï ÅÓÏË 95 .
Meeting the requirements set out in the implementation package will imply changes in all Member States . Two EU-wide monitoring exercises during the course of 1997 recorded the progress made in
Óýìöùíá ìå ôç äÝóìç åöáñìïãÞò , ôá ðñþôá óôïé ÷ åßá ðïõ èá óõãêåíôñùèïýí ìå ôç óõìöùíçèåßóá íÝá âÜóç ðñÝðåé íá åßíáé äéáèÝóéìá ãéá ôï ôÝëïò Éïõíßïõ 1998 , êáé óôï åîÞò êÜèå ìÞíá , åíþ ôá áíáäñïìéêÜ óôïé ÷ åßá , óôçí ðëçóéÝóôåñç äõíáôÞ ðñïóÝããéóç áðü ôï ÓåðôÝìâñéï 1997 , ðñÝðåé íá åßíáé äéáèÝóéìá ôï ÓåðôÝìâñéï 1998 .
The implementation package requires the first data compiled on the agreed new basis to be available for end-June 1998 , and monthly thereafter , with back data on the closest possible approximation to it from September 1997 to be available by September 1998 .
ÓôáôéóôéêÜ óôïé ÷ åßá éóïæõãßïõ ðëçñùìþí Ôá êñÜôç-ìÝëç ôçò ÅÅ åßôå Ý ÷ ïõí õéïèåôÞóåé ôéò äéáôÜîåéò ôçò 5çò Ýêäïóçò ôïõ Åã ÷ åéñéäßïõ ãéá ôï Éóïæýãéï Ðëçñùìþí ôïõ ÄÍÔ êáôÜ ôç äéÜñêåéá ôïõ 1997 åßôå óêïðåýïõí íá ôéò õéïèåôÞóïõí êáôÜ ôï ôñÝ ÷ ïí Ýôïò . Ôá âáóéêÜ ìçíéáßá êïíäýëéá ãéá ôï éóïæýãéï ðëçñùìþí ôçò ðåñéï ÷ Þò ôïõ åíéáßïõ íïìßóìáôïò èá áíôáðïêñßíïíôáé , óôï ìÝôñï ôïõ äõíáôïý , óôï íÝï Åã ÷ åéñßäéï ôïõ ÄÍÔ .
and full consistency to be achieved in some areas , especially in the treatment of derivatives , the portfolio account in general and the valuation of outstanding stocks . Derivatives and the portfolio account already present difficulties in some national balances of payments .
Êáé ôá äýï áõôÜ æçôÞìáôá Ýôõ ÷ áí éäéáßôåñçò ðñïóï ÷ Þò áðü ôï ÅÍÉ êáôÜ ôï 1997 .
both made considerable progress in preparing estimates in 1997 .
´ Áëëç äõóêïëßá ðïõ ðáñáôçñÞèçêå óôéò áóêÞóåéò ðáñáêïëïýèçóçò åßíáé êáôÜ ðüóïí ôá óôïé ÷ åßá åßíáé Ýãêáéñá : ìüíï åííÝá êñÜôçìÝëç åßíáé áõôÞ ôç óôéãìÞ óå èÝóç íá áíôáðïêñéèïýí óå ðñïèåóìßá Ýîé åâäïìÜäùí ãéá üëá ôá âáóéêÜ ìçíéáßá óôïé ÷ åßá . Ðñïò ôï ðáñüí , ç Éñëáíäßá êáé ôï ÇíùìÝíï Âáóßëåéï äåí Ý ÷ ïõí ðëÞñç ìçíéáßá éóïæýãéá , áí êáé ôï 1997 óçìåßùóáí
The monthly key items for the balance of payments of the single currency area will conform as far as is practicable with the new IMF Manual . The more detailed data envisaged for a quarterly and an annual balance of payments ( and for an annual statement of the international investment position ( IIP )) will be compatible with the IMF 's standard components .
Ãéá ôï 1998 , ôï éóïæýãéï ðëçñùìþí ðïõ èá êáëýðôåé ôç ìåëëïíôéêÞ ðåñéï ÷ Þ ôïõ åíéáßïõ íïìßóìáôïò èá êáôáñôßæåôáé ÷ ùñßò íá ãßíåôáé äéá ÷ ùñéóìüò áíÜìåóá óå êáôïßêïõò ÷ ùñþí ðïõ óõììåôÝ ÷ ïõí óôçí ðåñéï ÷ Þ ôïõ åíéáßïõ íïìßóìáôïò êáé óå êáôïßêïõò Üëëùí ÷ ùñþí , Ýôóé þóôå èá Ý ÷ åé ôç ìïñöÞ óõãêÝíôñùóçò ôùí êáèáñþí õðïëïßðùí óå êÜèå êáôçãïñßá ôùí åèíéêþí éóïæõãßùí ðëçñùìþí .
The implementation package contains few details concerning either the statistical treatment of derivatives in the balance of payments or the IIP .
Ç ðñþôç ÄÅÈ èá êáôáñôéóôåß åðßóçò óå êáèáñÞ âÜóç ãéá ôï ôÝëïò ôïõ 1998 .
Both matters received close attention from the EMI in 1997 .
Ôï Ýããñáöï ðñïôåßíåé üôé èá Þôáí äõíáôüí íá êáôáñôéóôåß , ìå âÜóç ôï åííïéïëïãéêü ðëáßóéï üðùò ïñßæåôáé óôï ÅÓÏË 95 , Ýíáò áñêåôÜ - áëëÜ ü ÷ é áðüëõôá - ðëÞñçò ëïãáñéáóìüò ãéá ôçí ðåñéï ÷ Þ ôïõ åíéáßïõ íïìßóìáôïò áðü íïìéóìáôéêÜ óôáôéóôéêÜ óôïé ÷ åßá , êáèþò êáé óôáôéóôéêÜ óôïé ÷ åßá ðïõ áöïñïýí ôï éóïæýãéï ðëçñùìþí êáé ôéò áãïñÝò êåöáëáßùí , ï ïðïßïò èá óôçñßæåôáé åðßóçò , óôï ìÝôñï ôïõ äõíáôïý , êáé óôïõò åèíéêïýò ëïãáñéáóìïýò . Ôá óôïé ÷ åßá áõôÜ èá ðñÝðåé íá ðáñÝ ÷ ïíôáé óå ôñéìçíéáßá âÜóç , ðñïêåéìÝíïõ íá åßíáé ðñáãìáôéêÜ ÷ ñÞóéìá ãéá ôçí ÅÊÔ .
Financial accounts The implementation package foresees a need for detailed information covering financial transactions and balance sheets for the single currency area to complement monetary analysis and policy research . The document suggests that it should be possible to compile , within the conceptual framework set out in the ESA 95 , a fairly full , though not complete , account for the single currency area from monetary , balance of payments and capital market statistics , drawing also on national financial accounts as far as possible .
Ôï 1997 , ôï ÅÍÉ äéáðßóôùóå üôé èá Þôáí åöéêôü íá êáôáñôßæïíôáé ôñéìçíéáßïé ÷ ñçìáôïïéêïíïìéêïß ëïãáñéáóìïß óýìöùíá ìå ôá ðáñáðÜíù êáé Üñ ÷ éóå åñãáóßåò ãéá ôï ó ÷ åäéáóìü ôïõò .
These data should be compiled on a quarterly basis in order to be of real use to the ECB . In 1997 the EMI established that it would indeed be possible to compile a quarterly
¼ ðùò ôï éóïæýãéï ðëçñùìþí , Ýôóé êáé ïé ÷ ñçìáôïïéêïíïìéêïß ëïãáñéáóìïß áíôéðñïóùðåýïõí Ýíáí ôïìÝá üðïõ ãßíåôáé äåêôü üôé ç ÅõñùðáúêÞ ÅðéôñïðÞ ( EUROSTAT ) êáé ôï ÅÍÉ öÝñïõí áðü êïéíïý ôçí åõèýíç óå åõñùðáúêü åðßðåäï .
set of financial accounts as described above and began work in order to design them . Like the balance of payments , financial accounts also represent an area in which it is agreed that the Commission ( EUROSTAT ) and the EMI share responsibility at the European level .
Ç ðñïóÝããéóç ðïõ õéïèåôÞèçêå óôï èÝìá ôçò áðü êïéíïý åõèýíçò óõíïøßæåôáé óôï õðïêåöÜëáéï 3.2 ãéá ôçí ïñãÜíùóç .
The approach to shared responsibility is summarised in Section 3.2 on organisation .
) , ôá ïðïßá ðñïóöÝñïõí âáóéêÝò ðëçñïöïñßåò ãéá ôçí Üóêçóç ôçò íïìéóìáôéêÞò ðïëéôéêÞò êáé ôéò ðñÜîåéò óõíáëëÜãìáôïò . Áñìüäéá ãéá üëá áõôÜ ôá óôáôéóôéêÜ óôïé ÷ åßá åßíáé ç ÅõñùðáúêÞ ÅðéôñïðÞ ( EUROSTAT ) .
All these statistics are the responsibility of the Commission ( EUROSTAT ) and the EMI is involved in their development in its capacity as a closely interested user .
ÊáôÜ ôï 1997 óõíå ÷ ßóôçêå ôï Ýñãï ãéá ôçí åíáñìüíéóç ôïõ ÷ åéñéóìïý ôùí óôáôéóôéêþí óôïé ÷ åßùí ãéá ôï äçìïóéïíïìéêü Ýëëåéììá êáé ôï äçìüóéï ÷ ñÝïò , Ýôóé þóôå ôá óôïé ÷ åßá íá åßíáé óõãêñßóéìá ãéá ôçí áîéïëüãçóç ôçò óýãêëéóçò , óýìöùíá ìå ôï ¢ ñèñï 109 É ôçò ÓõíèÞêçò .
Much further work was done in 1997 to harmonise the treatment of government deficit and debt statistics in order to make the data comparable for the purpose of assessing convergence under Article 109j of the Treaty .
Ôï ÌÜñôéï 1997 ç ÅðéôñïðÞ äçìïóßåõóå ôá ðñþôá åíáñìïíéóìÝíá óôáôéóôéêÜ óôïé ÷ åßá ãéá ôéò ôéìÝò êáôáíáëùôÞ ðïõ êÜëõðôáí üëç ôçí ÅÅ .
In March 1997 the Commission published the first harmonised consumer price statistics covering the EU .
ôïõ ÅÓÏË 95 , áðü ôçí Üíïéîç ôïõ 1999 .
EU Member States have a legal commitment to implement the requirements of the ESA 95 starting in spring 1999 .
Áí êáé ïñéóìÝíá êñÜôç-ìÝëç Ý ÷ ïõí ðáñÝêêëéóç ùò ðñïò ìåñéêÜ óçìåßá ôïõ ÅÓÏË 95 Ýùò ôï 2003 , ôï âÞìá áõôü èá åíéó ÷ ýóåé ôçí åíáñìüíéóç ôùí óôáôéóôéêþí ãéá ôïõò åèíéêïýò ëïãáñéáóìïýò .
Although some Member States have derogations regarding certain parts of the ESA 95 , this step will lead to increased harmonisation in national accounts
Ôï 1997 ðñï ÷ þñçóå ôï ðñïðáñáóêåõáóôéêü Ýñãï ðñïò áõôÞ ôçí êáôåýèõíóç .
statistics ; preparatory work to this end proceeded in 1997 .
Óôïí ôïìÝá ôùí ÷ ñçìáôïïéêïíïìéêþí ëïãáñéáóìþí , ç íïìéêÞ õðï ÷ ñÝùóç ðïõ ðñïâëÝðåôáé óôï ÅÓÏË 95 áöïñÜ óõ ÷ íüôçôá ìéá öïñÜ ôï Ýôïò .
During 1997 further consideration was given to the sharing of responsibility in these areas .
Ôï ÅÍÉ , êáé óôï ìÝëëïí ç ÅÊÔ , èá ðñùôïóôáôÞóåé óôçí áíÜðôõîç ôñéìçíéáßùí ÷ ñçìáôïïéêïíïìéêþí ëïãáñéáóìþí ãéá ôçí ðåñéï ÷ Þ ôïõ åíéáßïõ íïìßóìáôïò êáé , óå óõíäõáóìü ìå ôçí ÅõñùðáúêÞ ÅðéôñïðÞ ( EUROSTAT ) , èá ðáñáêïëïõèåß ôçí åöáñìïãÞ ôïõ ÅÓÏË 95 óôïí ôïìÝá ôùí ÷ ñçìáôïïéêïíïìéêþí ëïãáñéáóìþí .
In the balance of payments , it has been suggested that the Commission ( EUROSTAT ) should compile data relating to most of the current account and the capital account ( in the new terminology ) , while it is expected that the ECB will compile data relating to the financial account ( in the new terminology ) and the investment income part of the current account .
Ôï ÅÍÉ , êáé óôï ìÝëëïí ç ÅÊÔ , èá åîáêïëïõèÞóåé íá óõíåñãÜæåôáé óôåíÜ ìå ôçí ÅõñùðáúêÞ ÅðéôñïðÞ ( EUROSTAT ) ãéá üëá ôá óôáôéóôéêÜ æçôÞìáôá êïéíïý åíäéáöÝñïíôïò .
Reflecting the Commission 's knowledge in the area and its use of the data for certain policy purposes , both institutions will play a role in the compilation of direct investment statistics .
3.2 ÏñãÜíùóç ôùí óôáôéóôéêþí åñãáóéþí óå åõñùðáúêü åðßðåäï Óôéò ÅôÞóéåò ÅêèÝóåéò ôïõ ÅÍÉ ãéá ôï 1995 êáé 1996 óçìåéþíåôáé üôé óõìöùíÞèçêå íá êáôáìåñßæåôáé ç åõèýíç ìåôáîý ôçò ÅõñùðáúêÞò ÅðéôñïðÞò ( EUROSTAT ) êáé ôïõ ÅÍÉ .
only the ECB is expected to be involved in the compilation of monthly key items .
Ãéá ôï éóïæýãéï ðëçñùìþí ðñïôÜèçêå üôé ç ÅõñùðáúêÞ ÅðéôñïðÞ ( EUROSTAT ) èá ðñÝðåé íá êáôáñôßæåé óôïé ÷ åßá ðïõ èá áöïñïýí ôï ìåãáëýôåñï ìÝñïò ôïõ éóïæõãßïõ ôñå ÷ ïõóþí óõíáëëáãþí êáé ôïõ éóïæõãßïõ êßíçóçò êåöáëáßùí ( óýìöùíá ìå ôç íÝá ïíïìáôïëïãßá ) , åíþ ç ÅÊÔ áíáìÝíåôáé íá êáôáñôßæåé óôïé ÷ åßá ãéá ôçí êßíçóç ôùí ÷ ñçìáôïïéêïíïìéêþí ìÝóùí ( óýìöùíá ìå ôç 3.3 ÍïìéêÜ èÝìáôá Ç Ýêèåóç ôïõ ÅÍÉ ìå ôßôëï  Ç åíéáßá íïìéóìáôéêÞ ðïëéôéêÞ - Ðñïóäéïñéóìüò ôïõ ëåéôïõñãéêïý ðëáéóßïõ , ðïõ äçìïóéåýèçêå ôïí ÉáíïõÜñéï 1997 , ðåñéåß ÷ å ó ÷ Ýäéï Êáíïíéóìïý ôïõ Óõìâïõëßïõ ÅÅ ãéá ôç óõëëïãÞ óôáôéóôéêþí óôïé ÷ åßùí åê ìÝñïõò ôçò ÅÊÔ .
prospectively the ECB , will take the lead in developing quarterly financial accounts relating to the single currency area following the approach described above and , together with the Commission ( EUROSTAT ) , will monitor the implementation of the ESA 95 in the area of financial accounts . The EMI and the future ECB will continue to co-operate closely with the Commission ( EUROSTAT ) on all statistical matters of common interest .
59 ÊáôÜ ôç äéÜñêåéá ôïõ 1997 ôï ÅÍÉ åß ÷ å áíåðßóçìåò óõæçôÞóåéò ãé  áõôü ôï ó ÷ Ýäéï Êáíïíéóìïý óôá ðëáßóéá åéäéêÞò ïìÜäáò ôçò ÍïìéóìáôéêÞò ÅðéôñïðÞò .
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 .
Áíþôåñåò óôáôéóôéêÝò åðéôñïðÝò ôçò ÅÅ äéáôýðùóáí åðßóçò ôá ó ÷ üëéÜ ôïõò . Ôï êåßìåíï , ìå ôéò ó ÷ åôéêÝò ôñïðïðïéÞóåéò , èá õðïâëçèåß åðßóçìá óôï Óõìâïýëéï ôçò ÅÅ áðü ôçí ÅÊÔ ëßãï ìåôÜ ôçí ßäñõóÞ ôçò , óýìöùíá ìå ôï ¢ ñèñï 106 ( 6 ) ôçò ÓõíèÞêçò .
shortly after its establishment , in accordance with Article 106 ( 6 ) of the Treaty . 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 .
Ãéá íá ôåèåß óå éó ÷ ý ï Êáíïíéóìüò áõôüò ôïõ Óõìâïõëßïõ ôçò ÅÅ ó ÷ åôéêÜ ìå ôç óõëëïãÞ ôùí óôáôéóôéêþí óôïé ÷ åßùí , ç ÅÊÔ èá ðñÝðåé íá åêäþóåé íïìéêÝò ðñÜîåéò óýìöùíá ìå ôï ¢ ñèñï 34 ôïõ Êáôáóôáôéêïý . áðü ôï êáëïêáßñé ôïõ 1997 .
3.4 Information systems infrastructure The design of a system for electronic data transmission within the ESCB was essentially completed by summer 1997 .
ÌÝ ÷ ñé ôï ôÝëïò ôïõ 1997 , ç åöáñìïãÞ ôïõ åß ÷ å êáôÜ ìåãÜëï ìÝñïò ðñáãìáôïðïéçèåß , åðéôñÝðïíôáò Ýôóé íá ãßíïõí ïé ðñþôåò äïêéìáóôéêÝò çëåêôñïíéêÝò ìåôáäüóåéò ôïí ÉáíïõÜñéï ôïõ 1998 .
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 .
Ôï óýóôçìá ÷ ñçóéìïðïéåß ôç ìïñöÞ ìçíýìáôïò GESMES-CB , ôï ïðïßï ÷ ñçóéìïðïéåßôáé óõíÞèùò ãéá ôçí áíôáëëáãÞ óôáôéóôéêþí óôïé ÷ åßùí ìå ìïñöÞ ÷ ñïíïëïãéêþí óåéñþí .
The system uses the GESMES-CB message format , which is generally applicable for the purpose of statistical data exchange in time-series format .
Ôï 1997 ôï ÅÍÉ Üñ ÷ éóå íá ðñïåôïéìÜæåé ôá åóùôåñéêÜ ôïõ óõóôÞìáôá þóôå íá åßíáé óå èÝóç íá ëáìâÜíïõí , íá åðåîåñãÜæïíôáé êáé íá áðïèçêåýïõí óôáôéóôéêÜ óôïé ÷ åßá óå ìåãÜëåò ðïóüôçôåò , ôá ïðïßá ç ÅÊÔ èá ðñÝðåé íá ÷ åéñßæåôáé êáôÜ ôï Ôñßôï ÓôÜäéï .
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 .
ÓõóôÞìáôá ðëçñùìþí ÅðéðëÝïí , ìðïñåß íá áíáìÝíåôáé äéáöïñïðïßçóç óôçí ôéìÞ áíÜëïãá ìå ôïí üãêï ôùí óõíáëëáãþí , Ýôóé þóôå ôï ìÝóï êüóôïò íá åßíáé áñêåôÜ ìéêñüôåñï áðü 1,50 åõñþ ãéá ôïõò óõììåôÝ ÷ ïíôåò ðïõ èá êÜíïõí åêôåôáìÝíç ÷ ñÞóç ôïõ TARGET .
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 .
Óýìöùíá ìå áðüöáóç ðïõ Ýëáâå ôï Óõìâïýëéï ôïõ ÅÍÉ ôï ÄåêÝìâñéï 1996,8 ðñïåôïéìÜæïíôáé ôñåéò ìç ÷ áíéóìïß , Ýôóé þóôå íá áðïöåýãåôáé íá ðáñáôåßíåôáé ç ðßóôùóç åíôüò ôçò çìÝñáò ( intraday ) óå ðßóôùóç Ýùò ôçí åðüìåíç åñãÜóéìç çìÝñá ( overnight ) , óôçí ðåñßðôùóç ðïõ ðáñÝ ÷ åôáé áðü ÅèíÊÔ ôçò ðåñéï ÷ Þò ôïõ åõñþ ðñïò ÅèíÊÔ åêôüò ôçò ðåñéï ÷ Þò ôïõ åõñþ .
During 1997 the EMI discussed this draft Regulation informally within an ad hoc group of the Monetary Committee .
Ïé ôñåéò ìç ÷ áíéóìïß åßíáé ïé åîÞò : ìç ÷ áíéóìüò 1 : õøçëÜ åðéôüêéá ðïéíÞò ãéá ôçí ðáñÜôáóç ôçò ðßóôùóçò ( óå óõíäõáóìü ìå ìç ÷ ñçìáôéêÝò êõñþóåéò ) êáé Ýãêáéñïò ÷ ñüíïò çìåñïëïãéáêïý äéá ÷ ùñéóìïý ìç äéáôñáðåæéêþí ðëçñùìþí ôüóï óå ÷ þñåò ôçò ðåñéï ÷ Þò ôïõ åõñþ üóï êáé óå ÷ þñåò åêôüò ôçò ðåñéï ÷ Þò ôïõ åõñþ .
Senior EU statistical committees also commented on it . The amended text will be formally presented to the EU Council by the ECB
4.1 Ôï óýóôçìá TARGET Ôï ÓåðôÝìâñéï 1997 ôï ÅÍÉ äçìïóßåõóå ôç  Äåýôåñç Ýêèåóç ðñïüäïõ ãéá ôï Óýóôçìá TARGET  ( Äéåõñùðáúêü ÁõôïìáôïðïéçìÝíï Óýóôçìá Ôá ÷ åßáò ÌåôáöïñÜò Êåöáëáßùí óå Óõíå ÷ Þ × ñüíï ) .
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 Ç Ýêèåóç ðáñÝ ÷ åé åðéðëÝïí ðëçñïöïñßåò ãéá ôçí ðñüïäï ðïõ Ý ÷ åé óçìåéùèåß üóïí áöïñÜ ôéò ïñãáíùôéêÝò ðëåõñÝò êáé ôçí åöáñìïãÞ ôïõ óõóôÞìáôïò .
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 ;
ÁíáöÝñåôáé êõñßùò óôá áêüëïõèá èÝìáôá : 1 ) ÷ ñüíïò ëåéôïõñãßáò , 2 ) ôéìïëïãéáêÞ ðïëéôéêÞ , 3 ) ðáñï ÷ Þ ñåõóôüôçôáò åíôüò ôçò çìÝñáò ( intraday ) óôéò åêôüò ôçò ðåñéï ÷ Þò ôïõ åõñþ ÅèíÊÔ , 4 ) ñüëïò ôçò ÅÊÔ óôï TARGET êáé 5 ) åöáñìïãÞ ôïõ TARGET .
4 ) the role of the ECB in TARGET ; and 5 ) TARGET implementation .
Ó ÷ åôéêÜ ìå ôï ÷ ñüíï ëåéôïõñãßáò ôïõ TARGET , ôá × ñéóôïýãåííá êáé ç Ðñùôï ÷ ñïíéÜ èá åßíáé ïé ìüíåò êïéíÝò áñãßåò ôïõ TARGET , åêôüò áðü ôá óáââáôïêýñéáêá .
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 .
¼ ëåò ôéò Üëëåò çìÝñåò ôï óýóôçìá TARGET èá åßíáé áíïéêôü , ìïëïíüôé ïé ÅèíÊÔ èá Ý ÷ ïõí ôçí åõ ÷ Ýñåéá íá äéáôçñïýí êëåéóôÜ ôá åã ÷ þñéá óõóôÞìáôÜ ôïõò êáôÜ ôéò åèíéêÝò áñãßåò óýìöùíá ìå ôï íüìï Þ ôçí ðñáêôéêÞ ôïõ áíôßóôïé ÷ ïõ ôñáðåæéêïý óõóôÞìáôïò .
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 .
Çìåñïëüãéï ôùí çìåñþí ëåéôïõñãßáò ôïõ TARGET ãéá ôï 1999 ( üðïõ èá ðåñéëáìâÜíåôáé êáé êáôÜóôáóç ôùí åèíéêþí áñãéþí ôïõ ÓÄÓ ×) èá äçìïóéåõèåß ôïí Áýãïõóôï 1998 .
A calendar of TARGET operating days for 1999 ( including a list of national RTGS closing days ) will be published in August 1998 .
ÅðéðëÝïí Ý ÷ åé óõìöùíçèåß üôé ôï êáíïíéêü ùñÜñéï ëåéôïõñãßáò ôïõ TARGET èá åßíáé áðü ôéò 7 ð .
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 .
Ó ÷ åôéêÜ ìå ôï ôÝëïò ðïõ èá åéóðñÜôôåôáé ãéá ôéò äéáóõíïñéáêÝò óõíáëëáãÝò ìÝóù TARGET èá áðïöáóßóåé ôï Äéïéêçôéêü Óõìâïýëéï ôçò ÅÊÔ . Ôï ôÝëïò áíáìÝíåôáé íá ïñéóôåß ìåôáîý 1,50 êáé 3,00 åõñþ , üðùò Ý ÷ åé Þäç ðñïôáèåß , êáé ìÜëëïí êïíôÜ óôç ÷ áìçëüôåñç áðü ôéò äýï áõôÝò ôéìÝò .
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 .
9 ÅíçìåñùìÝíç Ýêäïóç ôùí ôå ÷ íéêþí ðáñáñôçìÜôùí ðïõ åß ÷ áí áñ ÷ éêÜ äçìïóéåõèåß ôïí Áýãïõóôï 1996 ( ðñïäéáãñáöÝò ôçò Äéáóýíäåóçò , ëåîéêü äåäïìÝíùí êáé ëåðôïìÝñåéåò ôùí åëÜ ÷ éóôùí êïéíþí ÷ áñáêôçñéóôéêþí ëåéôïõñãßáò ôùí óõóôçìÜôùí ÓÄÓ × åíôüò ôïõ TARGET ) êáé ðñüóèåôï ôå ÷ íéêü ðáñÜñôçìá ðïõ áöïñÜ ôéò äéáäéêáóßåò êëåéóßìáôïò çìÝñáò äéáôÝèçêáí óôïõò åíäéáöåñïìÝíïõò .
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 . 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 ;
Ýêèåóç ôïõ ÅÍÉ ìå ôßôëï  Ç åíéáßá íïìéóìáôéêÞ ðïëéôéêÞ óôï Ôñßôï ÓôÜäéï Ðñïóäñéïñéóìüò ôïõ ëåéôïõñãéêïý ðëáéóßïõ , ç ïðïßá äçìïóéåýèçêå ôïí ÉáíïõÜñéï 1997 .
mechanism 3 : an earlier cut-off time for non-euro area TARGET participants ( NCBs and credit institutions ) .
61 ÅèíÊÔ åêôüò ôçò ðåñéï ÷ Þò ôïõ åõñþ .
The decision on these issues will be taken by the Governing Council of the ECB .
ìç ÷ áíéóìüò 3 : åíùñßôåñïò ÷ ñüíïò çìåñïëïãéáêïý äéá ÷ ùñéóìïý ãéá ôïõò óõììåôÝ ÷ ïíôåò ( ÅèíÊÔ êáé ðéóôùôéêÜ éäñýìáôá ) ðïõ ðñïÝñ ÷ ïíôáé áðü ÷ þñåò åêôüò ôçò ðåñéï ÷ Þò ôïõ åõñþ .
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 .
Ç ÅÊÔ èá óõíäåèåß ìå ôï TARGET ìÝóù äéêïý ôçò ìç ÷ áíéóìïý ðëçñùìþí ( ìç ÷ áíéóìüò ðëçñùìþí ÅÊÔ ) , ìÝóù ôïõ ïðïßïõ èá åêôåëåß ôéò áêüëïõèåò ëåéôïõñãßåò : Èá ôçñåß ëïãáñéáóìïýò ôùí èåóìéêþí ðåëáôþí ôçò ( ðëçí ôùí ðéóôùôéêþí éäñõìÜôùí ) .
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 ) ;
ÅðéðëÝïí , ç ÅÊÔ èá ðáñÝ ÷ åé äéáäéêáóßåò êëåéóßìáôïò çìÝñáò êáé ðéèáíüí Üëëá ìÝôñá åëÝã ÷ ïõ ãéá ôï óýóôçìá TARGET .
Moreover , the ECB will provide end-of-day procedures and possibly other control measures for the TARGET system .
Óýìöùíá ìå ôï ÷ ñïíïäéÜãñáììá äïêéìÞò êáé åöáñìïãÞò ôïõ TARGET , ðñéí åðéôñáðåß íá ðñï ÷ ùñÞóïõí ( óôá ôÝëç ôïõ 1998 ) ìÝóù ôïõ áíôßóôïé ÷ ïõ åèíéêïý ôìÞìáôïò ôïõ ìç ÷ áíéóìïý Äéáóýíäåóçò / óõóôÞìáôïò ÓÄÓ × ðñïò ôçí åíåñãü ëåéôïõñãßá ôïõ TARGET , ïé ÅèíÊÔ êáé ôï ÅÍÉ / ÅÊÔ ïöåßëïõí íá ïëïêëçñþóïõí ôñßá åßäç äïêéìþí : ( á ) óôáôéêÝò êáé äõíáìéêÝò äïêéìÝò , ( â ) ðïëõìåñåßò äïêéìÝò êáé ( ã ) äïêéìÝò ðñïóïìïßùóçò .
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 .
¼ ëåò ïé ÅèíÊÔ åß ÷ áí áñ ÷ ß - óåé óôáôéêÝò äïêéìÝò ôïí Áðñßëéï 1998 .
All NCBs had started static testing by April 1998 .
Åíçìåñùôéêü öõëëÜäéï ðïõ ðåñéëáìâÜíåé ãåíéêÞ ðåñéãñáöÞ ôïõ óõóôÞìáôïò TARGET äçìïóéåýèçêå ôï ÌÜéï 1998 .
A brochure providing a general description of the TARGET system was published in May 1998 .
4.2 ÓõóôÞìáôá äéáêáíïíéóìïý ÷ ñåïãñÜöùí Ôï 1997 ïé ðñïðáñáóêåõáóôéêÝò åñãáóßåò åóôéÜóôçêáí óå äýï âáóéêïýò ôïìåßò : ôïí êáèïñéóìü ðñïäéáãñáöþí ãéá ôç ÷ ñÞóç ôùí óõóôçìÜôùí äéáêáíïíéóìïý ÷ ñåïãñÜöùí ( ÓÄ ×) óôéò ðéóôùôéêÝò åñãáóßåò ôïõ ÅÓÊÔ êáé ôçí õëïðïßçóç âñá ÷ õðñüèåóìùí ëýóåùí ãéá ôç äéáóõíïñéáêÞ ÷ ñÞóç åíå ÷ ýñùí .
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 .
Ç äåýôåñç ðñïäéáãñáöÞ áðïâëÝðåé óôï íá åîáóöáëßóåé üôé ôï ôáìåéáêü óêÝëïò äéåíåñãåßôáé óå ÷ ñÞìá êåíôñéêÞò ôñáðÝæçò . Ç ðñïäéáãñáöÞ 3 åóôéÜæåôáé óôçí áóöÜëåéá ôïõ åíå ÷ ýñïõ ðïõ öõëÜóóåôáé ùò ðáñáêáôáèÞêç êáé ðñïâëÝðåé üôé ôá ÓÄ × ðñÝðåé íá ðáñÝ ÷ ïõí åðáñêÞ å ÷ Ýããõá ðñïóôáóßáò ôùí ÅèíÊÔ Ýíáíôé êéíäýíùí öýëáîçò êáôÜ ôç äéÜñêåéá ìéáò ðéóôùôéêÞò ðñÜîçò ôïõ ÅÓÊÔ .
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 . Standards 4 to 6 require that : ( i ) all SSSs be subject to regulation and / or control by a competent authority ;
Ïé ðñïäéáãñáöÝò 4 Ýùò êáé 6 ïñßæïõí ôá åîÞò : ( á ) üëá ôá óõóôÞìáôá äéáêáíïíéóìïý ÷ ñåïãñÜöùí ðñÝðåé íá õðüêåéíôáé óå êáíüíåò Þ / êáé Ýëåã ÷ ï áðü áñìüäéá áñ ÷ Þ , ( â ) ïé óõììåôÝ ÷ ïíôåò ðñÝðåé íá åßíáé åíÞìåñïé ãéá ôïõò êéíäýíïõò êáé ôïõò üñïõò ðñüóâáóçò ãéá ôç ÷ ñÞóç ôùí óõóôçìÜôùí êáé ( ã ) ðñÝðåé íá åöáñìüæïíôáé êáôÜëëçëåò äéáäéêáóßåò äéá ÷ åßñéóçò êéíäýíùí , Ýôóé þóôå íá áíôéìåôùðßæïíôáé ïé åðéðôþóåéò ôçò áäõíáìßáò åíüò Þ ðåñéóóüôåñùí óõììåôå ÷ üíôùí íá åêðëçñþóåé ôéò õðï ÷ ñåþóåéò ôïõ .
( 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 .
Ç ðñïäéáãñáöÞ 7 áöïñÜ ôïí ïñéóôéêü äéáêáíïíéóìü åíôüò ôçò çìÝñáò , ï ïðïßïò ðñÝðåé íá åßíáé äõíáôüò áðü ôçí áñ ÷ Þ ôïõ Ôñßôïõ Óôáäßïõ ôçò ÏÍÅ .
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 concerns intraday settlement with finality , which must be possible from the start of Stage Three of EMU .
Áõôü èá ìðïñïýóå íá åðéôåõ ÷ èåß ìÝóù äéáöüñùí ëåéôïõñãéêþí ìç ÷ áíéóìþí , üðùò : 1 ) óõóôÞìáôá ÓÄÓ × ãéá óõíáëëáãÝò åðß ÷ ñåïãñÜöùí , 2 ) óõóôÞìáôá óõìøçöéóìïý ÷ ñåïãñÜöùí ìå äéáäï ÷ éêïýò êýêëïõò åðåîåñãáóßáò óôç äéÜñêåéá ôçò çìÝñáò , 3 ) åê ôùí ðñïôÝñùí êáôÜèåóç ÷ ñåïãñÜöùí ( üðïõ ðåñéëáìâÜíåôáé êáé ç åê ôùí ðñïôÝñùí óýóôáóç åíå ÷ ýñïõ ) óå ëåéôïõñãéêïýò ëïãáñéáóìïýò ôÜîåùò ãéá ðáñáêáôáèÞêç ðïõ èá ôçñïýíôáé óôéò ÅèíÊÔ , Þ 4 ) åëåýèåñç (÷ ùñßò ôáìåéáêÞ ñïÞ ) ìåôáâßâáóç ÷ ñåïãñÜöùí êáôÜ ôç äéÜñêåéá ôçò çìÝñáò .
This could be achieved by means of various operational mechanisms , such as : 1 ) RTGS systems for securities transactions ; 2 ) net securities settlement systems with several processing cycles during the day ;