natgillin/translations-raw huggingface dataset:
So ekÜvirso porü pqoyuoqÜy irvýei cia jÜhe lelomxlÝmo epßpedo episojßot .
The minimum bid amount is applied to each individual interest rate level .
G EJS dýmasai ma epibÜkei amþsaso üqio pqoruoqþm þrse ma aposqapoým dtramÜkoca lecÜkey pqoruoqÝy .
The ECB may impose a maximum bid limit in order to prevent disproportionately large bids .
So stvüm amþsaso üqio amauÝqesai pÜmsose rsg dglüria amajoßmxrg sgy dglopqarßay .
Any such maximum bid limit is always specified in the public tender announcement message .
Oi amsirtlbakkülemoi pqÝpeo ma eßmai pÜmsose re hÝrg ma jakýwotm sa porÜ sa opoßa soty jasamÝlomsai le epaqjÞ porüsgsa apodejsþm sßskxm ( 28 ) .
Counterparties are expected always to be in a position to cover the amounts allotted to them by a sufficient amount of eligible underlying assets ( 28 ) .
Oi rtlbasijÝy Þ jamomirsijÝy qthlßreiy pot euaqlüfei g amsßrsoivg ehmijÞ jemsqijÞ sqÜpefa episqÝpotm sgm epibokÞ poimþm eÜm o amsirtlbakkülemoy adtmaseß ma lesabibÜrei epaqjÞ porüsgsa sßskxm Þ lesqgsþm cia so diajamomirlü sot poroý sgy qetrsüsgsay pot sot Ývei jasamelgheß rsg dglopqarßa .
The contractual or regulatory arrangements applied by the respective national central bank allow the imposition of penalties if a counterparty is unable to transfer a sufficient amount of underlying assets or cash to settle the amount it has been allotted in a tender operation .
( 25 ) Rsiy pqÜneiy amsakkacÞy molirlÜsxm pot diemeqcoýmsai lÝrx dglopqarßay rsaheqoý episojßot , o amsirtlbakkülemoy dgkþmei so porü sot molßrlasoy pot diasgqeßsai rsaheqü cia so opoßo epihtleß ma rtmakkaceß le so Etqxrýrsgla .
( 25 ) In fixed rate foreign exchange swaps , the amount of the currency kept fixed that the counterparty is willing to transact with the Eurosystem is to be stated .
( 26 ) ¼ rom auoqÜ sgm Ýjdorg pirsopoigsijþm vqÝoty sgy EJS , g EJS lpoqeß ma apouarßrei üsi oi pqoruoqÝy ha pqÝpei ma ejuqÜfomsai tpü loquÞ silþm jai üvi tpü loquÞ episojßxm .
( 26 ) With regard to the issuance of ECB debt certificates , the ECB may decide that bids are to be expressed in the form of a price rather than an interest rate .
R » atsÝy siy peqipsþreiy , oi silÝy ha amauÝqomsai xy pororsü sgy omolarsijÞy anßay sxm sßskxm .
In such cases , prices shall be quoted as a percentage of the nominal amount .
( 27 ) Rsiy pqÜneiy amsakkacÞy molirlÜsxm pot doeleqcpýmsai lÝrx dglopqarßay amsacxmirsijoý episojßot , o amsirtlbakkülemoy dgkþmei so porü sot molßrlasoy pot diasgqeßsai rsaheqü cia so opoßo epihtleß ma rtmakkaceß le so Etqxrýrsgla jai so amsßrsoivo epßpedo lomÜdxm bÜrgy swap .
( 27 ) In variable rate foreign exchange swaps , the amount of the currency kept fixed that the counterparty is willing to transact with the Eurosystem and the respective swap point level are to be stated .
28 ) ¹ ma diajamomßrotm re lesqgsÜ rsgm peqßpsxrg pqÜnexm apoqqüugrgy qetrsüsgsay . (
( 28 ) Or to settle in cash in the case of liquidity-absorbing operations .
Oi pqoruoqÝy lpoqoým ma amajkghoým lÝvqi sg kÞng sgy pqoherlßay tpobokÞy pqoruoqþm .
Bids are revocable up to the tender submission deadline .
PqoruoqÝy pot tpobÜkkomsai lesÜ sg kÞng sgy pqoherlßay g opoßa oqßfesai rsgm amajoßmxrg sgy dglopqarßay eßmai Üjtqey .
Bids submitted after the deadline specified in the tender announcement message are invalid .
So elpqüherlo sgy tpobokÞy jqßmesai apü siy ehmijÝy jemsqijÝy sqÜpefey .
Respect of the deadline is judged by the national central banks .
Oi ehmijÝy jemsqijÝy sqÜpefey apoqqßpsotm ükey siy pqoruoqÝy emüy amsirtlbakkolÝmot eÜm so ahqoirsijü porü sgy pqoruoqÜy tpeqbaßmei so stvüm amþsaso üqio pot Ývei hÝrei g EJS .
The national central banks discard all the bids of a counterparty if the aggregate amount bid exceeds any maximum bid limit established by the ECB .
Oi ehmijÝy jemsqijÝy sqÜpefey apoqqßpsotm epßrgy jÜhe pqoruoqÜ pot tpokeßpesai sot ekÜvirsot poroý Þ pot tpokeßpesai sot ekÜvirsot episojßot / silÞy / lomÜday bÜrgy swap Þ pot tpeqbaßmei so amþsaso episüjio / silÞ / lomÜda bÜrgy swap .
The national central banks also discard any bid which is below the minimum bid amount or which is below any minimum or above any maximum accepted interest rate / price / swap point .
EpipkÝom , oi ehmijÝy jemsqijÝy sqÜpefey lpoqoým ma apoqqßwotm pqoruoqÝy pot eßmai ekkipeßy Þ dem ajokothoým so tpüdeicla .
Furthermore , the national central banks may discard bids which are incomplete or which do not follow the pro forma example .
EÜm lia rtcjejqilÝmg pqoruoqÜ apoqqiuheß , g oijeßa ehmijÞ jemsqijÞ sqÜpefa cmxrsopoieß rsom amsirtlbakkülemo sgm apoqqipsijÞ sgy apüuarg pqim apü sgm jasamolÞ sot poroý sgy dglopqarßay .
If a bid is discarded , the respective national central bank informs the counterparty about its decision prior to the tender allotment .
Diadijarßey jasamolÞy a ) Dglopqarßey rsaheqoý episojßot Cia sgm jasamolÞ sot poroý sgy dglopqarßay rsaheqoý episojßot , ahqoßfomsai oi tpobkgheßrey apü soty amsirtlbakkolÝmoty pqoruoqÝy .
Tender allotment procedures ( a ) F i x e d r a t e t e n d e r o p e r a t i o n s In the allotment of a fixed rate tender , the bids received from counterparties are added together .
EÜm so Ühqoirla sxm pqoruoqþm tpeqbaßmei so rtmokijü porü qetrsüsgsay pot ha jasamelgheß , oi pqoruoqÝy ijamopoioýmsai rtllÝsqxy , le bÜrg so küco sot poroý pot ha jasamelgheß pqoy so rtmokijü ýwoy sxm pqoruoqþm ( bkÝpe Pkaßrio 4 ) .
If the aggregate amount bid exceeds the total amount of liquidity to be allotted , the submitted bids will be satisfied pro rata , according to the ratio of the amount to be allotted to the aggregate amount bid ( see Box 4 ) .
So jasamelülemo amÜ amsirtlbakkülemo porü rsqocctkopoießsai rso pkgriÝrseqo ajÝqaio porü etqþ .
The amount allotted to each counterparty is rounded to the nearest euro .
Xrsüro , g EJS dýmasai ma apouarßrei ma jasameßlei Ýma ekÜvirso porü / pororsü re jÜhe rtllesÝvomsa rsiy dglopqarßey rsaheqoý episojßot .
However , the ECB may decide to allot a minimum amount / ratio to each bidder in fixed rate tenders .
PKAIRIO 4 JasamolÞ poroý rsiy dglopqarßey rsaheqoý episojßot ¼ pot A : n : ai : rtmokijÜ jasamelülemo porü rtmokijüy aqihlüy amsirtlbakkolÝmxm porü pqoruoqÜy sot amsirtlbakkolÝmot i
BOX 4 Allotment of fixed rate tenders Where : A : n : ai : total amount allotted total number of counterparties bid amount of the ith counterparty
all %: pororsü jasamolÞy alli : rtmokijü porü pot jasamÝlesai rsom amsirtlbakkülemo i
all %: percentage of allotment alli : total amount allotted to the ith counterparty
So pororsü sgy jasamolÞy eßmai : all % = A n  ai i  1
The percentage of allotment is : all % = A n  ai i  1
So porü pot jasamÝlesai rsom amsirtlbakkülemo i eßmai : alli = all % Â ai 
The amount allotted to the ith counterparty is : alli = all % Â ai 
b ) Dglopqarßey amsacxmirsijoý episojßot re etqþ Rsgm jasamolÞ sot poroý sxm dglopqariþm paqovÞy qetrsüsgsay re etqþ le sg lÝhodo amsacxmirsijþm pqoruoqþm episojßot , oi pqoruoqÝy jasasÜrromsai jasÜ uhßmotra sÜng sxm pqorueqülemxm episojßxm .
( b ) V a r i a b l e r a t e t e n d e r s i n e u r o In the allotment of liquidity-providing variable rate tenders in euro , bids are listed in diminishing order of offered interest rates .
Oi pqoruoqÝy le so twgküseqo episüjio ijamopoioýmsai jasÜ pqoseqaiüsgsa jai rsg rtmÝveia ijamopoioýmsai oi pqoruoqÝy le so diadovijÜ valgküseqo episüjio lÝvqiy üsot enamskgheß so rtmokijü porü pot pqüjeisai ma jasamelgheß .
Bids with the highest interest rate levels are satisfied with priority and bids with successively lower interest rates are accepted until the total liquidity to be allotted is exhausted .
EÜm , rso valgküseqo episüjio so opoßo Ývei cßmei apodejsü ( dgkadÞ rso oqiajü episüjio ) , so ahqoirsijü porü pqoruoqþm tpeqbaßmei so emapolÝmom pqoy jasamolÞ porü , so emapolÝmom porü jasamÝlesai rtllÝsqxy lesaný sxm pqoruoqþm , le bÜrg so küco sot emapolÝmomsoy pqoy jasamolÞ poroý pqoy so rtmokijü porü pqoruoqþm rso oqiajü episüjio ( bkÝpe Pkaßrio 5 ) .
If , at the lowest interest rate level accepted ( i.e. the marginal interest rate ) , the aggregate amount bid exceeds the remaining amount to be allotted , the remaining amount is allocated pro rata among the bids according to the ratio of the remaining amount to be allotted to the total amount bid at the marginal interest rate ( see Box 5 ) .
PKAIRIO 5 JasamolÞ poroý rsiy dglopqarßey amsacxmirsijoý episojßot re etqþ ( so paqÜdeicla auoqÜ pqoruoqÝy pot diastpþmomsai xy episüjia ) ¼ pot : A : rs : n : a ( rs ) i : a ( rs ) : rtmokijÜ jasamelülemo porü s pqorueqülemo episüjio apü soty amsirtlbakkolÝmoty rtmokijüy aqihlüy amsirtlbakkolÝmxm pqorueqülemo porü rso s episüjio ( rs ) apü som i amsirtlbakkülemo rtmokijü pqorueqülemo porü rso s episüjio ( rs ) a rs  = rm : oqiajü episüjio r1 Å rs Å rm cia dglopqarßa paqovÞy qetrsüsgsay , rm Å rs Å r1 cia dglopqarßa apoqqüugrgy qetrsüsgsay rm ¯ 1 : episüjio pqim apü so oqiajü episüjio ( seketsaßo episüjio rso opoßo ükey oi pqoruoqÝy ijamopoioýmsai pkÞqxy ) , rm ¯ 1 >rm cia dglopqarßa paqovÞy qetrsüsgsay , rm >rm ¯ 1 cia dglopqarßa apoqqüugrgy qetrsüsgsay all %( rm ) : pororsü jasamolÞy rso oqiajü episüjio all ( rs ) i : alli : porü jasamolÞy rsom i amsirtlbakkülemo rso s episüjio rtmokijü porü pot jasamÝlesai rsom i amsirtlbakkülemo n  a rs  i i  1
BOX 5 Allotment of variable rate tenders in euro ( the example refers to bids quoted in the form of interest rates ) Where : A : rs : n : a ( rs ) i : a ( rs ) : total amount allotted sth interest rate bid by the counterparties total number of counterparties amount bid at the sth interest rate ( rs ) by the ith counterparty total amount bid at the sth interest rate ( rs ) a rs  = rm : marginal interest rate r1 Å rs Å rm for a liquidity-providing tender , rm Å rs Å r1 for a liquidity-absorbing tender rm ¯ 1 : interest rate before the marginal interest rate ( last interest rate at which bids are completely satisfied ) , rm ¯ 1 >rm for a liquidity-providing tender , rm >rm ¯ 1 for a liquidity-absorbing tender all %( rm ) : percentage of allotment at the marginal interest rate all ( rs ) i : alli : allotment to the ith counterparty at the sth interest rate total amount allotted to the ith counterparty n  a rs  i i  1
So pororsü jasamolÞy rso oqiajü episüjio eßmai : A ¯ all % rm  = m ¯ 1  s  1
The percentage of allotment at the marginal interest rate is : A ¯ all % rm  = m ¯ 1  s  1
So porü pot jasamÝlesai rsom i amsirtlbakkülemo rso oqiajü episüjio eßmai : all rm  i = all % rm  Â a rm  i
The allotment to the ith counterparty at the marginal interest rate is : all rm  i = all % rm  Â a rm  i
So rtmokijü porü pot jasamÝlesai rsom i amsirtlbakkülemo eßmai : alli = m ¯ 1  s  1
The total amount allotted to the ith counterparty is : alli = m ¯ 1  s  1
Rsgm jasamolÞ sot poroý sxm dglopqariþm apoqqüugrgy qetrsüsgsay le sg lÝhodo amsacxmirsijþm pqoruoqþm episojßot ( oi opoßey lpoqeß ma vqgrilopoighoým cia sgm Ýjdorg pirsopoigsijþm vqÝoty jai sgm apodovÞ jasahÝrexm jahoqirlÝmgy diÜqjeiay ) , oi pqoruoqÝy jasasÜrromsai jas » aýnotra sÜng sxm pqorueqülemxm episojßxm ( Þ uhßmotra sÜng sxm pqorueqülemxm silþm ) .
In the allotment of liquidity-absorbing variable rate tenders ( which may be used for the issuance of debt certificates and the collection of fixed-term deposits ) , bids are listed in increasing order of offered interest rates ( or diminishing order of offered prices ) .
Oi pqoruoqÝy le so valgküseqo episüjio ( sgm twgküseqg silÞ ) ijamopoioýmsai jasÜ pqoseqaiüsgsa jai rsg rtmÝveia ijamopoioýmsai oi pqoruoqÝy le so diadovijÜ twgküseqo episüjio ( valgküseqg silÞ ) lÝvqiy üsot enamskgheß so rtmokijü porü pot pqüjeisai ma apoqqougheß .
Bids with the lowest interest rate ( highest price ) levels are satisfied with priority and bids with successively higher interest rates ( lower price bids ) are accepted until the total liquidity to be absorbed is exhausted .
EÜm , rso twgküseqo episüjio ( rsg valgküseqg silÞ ) so opoßo Ývei cßmei apodejsü ( dgkadÞ rso oqiajü epi -
If , at the highest interest rate ( lowest price ) level accepted ( i.e. the marginal interest rate / price ) , the aggregate bid amount exceeds the remaining amount to be
Epßrglg Eugleqßda sxm Etqxpaújþm JoimosÞsxm süjio / rsgm oqiajÞ silÞ ) , so rtmokijü ýwoy sxm pqoruoqþm tpeqbaßmei so emapolÝmom pqoy jasamolÞ porü , so emapolÝmom porü jasamÝlesai rtllÝsqxy lesaný sxm pqoruoqþm , le bÜrg so küco sot emapolÝmomsoy pqoy jasamolÞ poroý pqoy so rtmokijü porü pqoruoqþm rso oqiajü episüjio / rsgm oqiajÞ silÞ ( bkÝpe Pkaßrio 5 ) .
Official Journal of the European Communities allotted , the remaining amount is allocated pro rata among the bids according to the ratio of the remaining amount to be allotted to the total bid amount at the marginal interest rate / price ( see Box 5 ) .
PqojeilÝmot cia Ýjdorg pirsopoigsijþm vqÝoty , so jasamelülemo amÜ amsirtlbakkülemo porü rsqocctkopoießsai rso pkgriÝrseqo pokkapkÜrio sgy omolarsijÞy anßay sxm pirsopoigsijþm vqÝoty .
For the issuance of debt certificates , the amount allotted to each counterparty is rounded to the nearest multiple of the denomination of the debt certificates .
Rsiy koipÝy pqÜneiy apoqqüugrgy qetrsüsgsay , so jasamelülemo amÜ amsirtlbakkülemo porü rsqocctkopoießsai rso pkgriÝrseqo ajÝqaio porü etqþ .
For other liquidity-absorbing operations , the amount allotted to each counterparty is rounded to the nearest euro .
G EJS dýmasai ma apouarßrei sgm euaqlocÞ ekÜvirsot poroý jasamolÞy amÜ amsirtlbakkülemo rsiy dglopqarßey amsacxmirsijoý episojßot .
The ECB may decide to allot a minimum amount to each successful bidder in variable rate tenders .
c ) Dglopqarßey amsakkacÞy molirlÜsxm amsacxmirsijoý episojßot Rsgm jasamolÞ sot poroý sxm dglopqariþm paqovÞy qetrsüsgsay lÝrx amsakkacÞy molirlÜsxm le sg lÝhodo amsacxmirsijþm pqoruoqþm episojßot , oi pqoruoqÝy jasasÜrromsai jas » aýnotra sÜng sxm pqorueqülemxm lomÜdxm bÜrgy swap ( 29 ) .
( c ) V a r i a b l e - r a t e f o r e i g n e x c h a n g e s w a p t e n d e r s In the allotment of liquidity-providing variable rate foreign exchange swap tenders , bids are listed in increasing order of swap point quotations ( 29 ) .
Oi pqoruoqÝy le siy valgküseqey lomÜdey bÜrgy swap ijamopoioýmsai jasÜ pqoseqaiüsgsa jai rsg rtmÝveia ijamopoioýmsai oi pqoruoqÝy le siy diadovijÜ twgküseqey lomÜdey bÜrgy swap lÝvqiy üsot enamskgheß so rtmokijü pqoy jasamolÞ porü sot molßrlasoy pot diasgqeßsai rsaheqü .
The bids with the lowest swap point quotations are satisfied with priority and successively higher swap point quotations are accepted until the total amount of the fixed currency to be allotted is exhausted .
EÜm , rsgm twgküseqg lomÜda bÜrgy swap g opoßa Ývei cßmei apodejsÞ ( dgkadÞ rso oqiajü epßpedo lomÜdxm bÜrgy swap ) , so rtmokijü ýwoy sxm pqoruoqþm tpeqbaßmei so emapolÝmom pqoy jasamolÞ porü , so emapolÝmom porü jasamÝlesai rtllÝsqxy lesaný sxm pqoruoqþm , le bÜrg so küco sot emapolÝmomsoy poroý pqoy so rtmokijü porü pqoruoqþm rso oqiajü epßpedo lomÜdxm bÜrgy swap ( bkÝpe Pkaßrio 6 ) .
If , at the highest swap point quotation accepted ( i.e. the marginal swap point quotation ) , the aggregate amount bid exceeds the remaining amount to be allotted , the remaining amount is allocated pro rata among the bids according to the ratio of the remaining amount to be allotted to the total amount bid at the marginal swap point quotation ( see Box 6 ) .
PKAIRIO 6 JasamolÞ poroý rsiy dglopqarßey amsakkacÞy molirlÜsxm le sg lÝhodo amsacxmirsijþm pqoruoqþm episojßot ¼ pot : A : Ds : n : a ( Ds ) i : a ( Ds ) : rtmokijÜ jasamelülemo porü s pqorueqülemg lomÜda bÜrgy swap apü soty amsirtlbakkolÝmoty rtmokijüy aqihlüy amsirtlbakkolÝmxm pqorueqülemo porü rsiy s lomÜdey bÜrgy swap ( Ds ) apü som i amsirtlbakkülemo rtmokijü pqorueqülemo porü rsiy s lomÜdey bÜrgy swap ( Ds ) a Ds  = n  i  1
BOX 6 Allotment of variable rate foreign exchange swap tenders Where : A : Ds : n : a ( Ds ) i : a ( Ds ) : total amount allotted sth swap point quotation bid by the counterparties total number of counterparties amount bid at the sth swap point quotation ( Ds ) by the ith counterparty total amount bid at the sth swap point quotation ( Ds ) a Ds  = n  i  1
oqiajü epßpedo lomÜdxm bÜrgy swap Dm Å Ds Å D1 cia pqÜneiy paqovÞy qetrsüsgsay , D1 Å Ds Å Dm cia pqÜneiy apoqqüugrgy qetrsüsgsay
marginal swap point quotation Dm Å Ds Å D1 for a liquidity-providing foreign exchange swap , D1 Å Ds Å Dm for a liquidity-absorbing foreign exchange swap
lomÜdey bÜrgy swap pqim apü sgm oqiajü epßpedo lomÜdxm bÜrgy swap ( seketsaßo epßpedo lomÜdxm bÜrgy swap rsgm opoßa ükey oi pqoruoqÝy ijamopoioýmsai pkÞqxy ) , Dm >Dm ¯ 1 cia pqÜneiy paqovÞy qetrsüsgsay , Dm ¯ 1 >Dm cia pqÜneiy apoqqüugrgy qetrsüsgsay
swap point quotation before the marginal swap point quotation ( last swap point quotation at which bids are completely satisfied ) , Dm >Dm ¯ 1 for a liquidity-providing foreign exchange swap , Dm ¯ 1 >Dm for a liquidity-absorbing foreign exchange swap
all %( Dm ) : pororsü jasamolÞy rsgm oqiajü epßpedo lomÜdxm bÜrgy swap all ( Ds ) i : alli : porü jasamolÞy rsom i amsirtlbakkülemo rsiy s lomÜdey bÜrgy swap rtmokijü porü pot jasamÝlesai rsom i amsirtlbakkülemo
all %( Dm ) : percentage of allotment at the marginal swap point quotation all ( Ds ) i : alli : allotment to the ith counterparty at the sth swap point quotation total amount allotted to the ith counterparty
( 29 ) Oi lomÜdey bÜrgy swap jasasÜrromsai jas » aýnotra sÜng le bÜrg so pqürglü soty , so opoßo enaqsÜsai apü so pqürglo sot diauoqijoý episojßot lesaný sot nÝmot molßrlasoy jai sot etqþ .
( 29 ) Swap point quotations are listed in increasing order taking into account the sign of the quotation , which depends on the sign of the interest rate differential between the foreign currency and the euro .
EÜm , cia sg diÜqjeia sgy pqÜngy , so episüjio sot nÝmot molßrlasoy eßmai lecakýseqo apü so amsßrsoivo episüjio sot etqþ , so pqürglo sxm lomÜdxm bÜrgy swap eßmai hesijü ( dgkadÞ cßmesai diapqaclÜsetrg sot etqþ tpÝq so Üqsio  at a premium  Ýmamsi sot nÝmot molßrlasoy ) .
If , for the maturity of the swap , the foreign currency interest rate is higher than the corresponding interest rate for the euro , the swap point quotation is positive ( i.e. the euro is quoted at a premium to the foreign currency ) .
Jai amsßrsqoua , üsam so episüjio sot nÝmot molßrlasoy eßmai lijqüseqo apü so amsßrsoivo episüjio sot etqþ , so pqürglo sxm lomÜdxm bÜrgy swap eßmai aqmgsijü ( dgkadÞ cßmesai diapqaclÜsetrg sot etqþ tpü so Üqsio  at a discount  Ýmamsi sot nÝmot molßrlasoy ) .
Conversely , if the foreign currency interest rate is lower than the corresponding interest rate for the euro , the swap point quotation is negative ( i.e. the euro is quoted at a discount to the foreign currency ) .
So pororsü jasamolÞy rsgo oqiajü epßpedo lomÜdxm bÜrgy swap eßmai : A ¯ all % Dm  = m ¯ 1  s  1
The percentage of allotment at the marginal swap point quotation is : A ¯ all % Dm  = m ¯ 1  s  1
So porü pot jasamÝlesai rsom i amsirtlbakkülemo rso oqiajü epßpedo lomÜdxm bÜrgy swap eßmai : all Dm  i = all % Dm  Â a Dm  i
The allotment to the ith counterparty at the marginal swap point quotation is : all Dm  i = all % Dm  Â a Dm  i
Rsgm jasamolÞ sot poroý sxm dglopqariþm apoqqüugrgy qetrsüsgsay lÝrx amsakkacÞy molirlÜsxm le sg lÝhodo amsacxmirsijþm pqoruoqþm episojßot , oi pqoruoqÝy jasasÜrromsai jasÜ uhßmotra sÜng sxm pqorueqülemxm lomÜdxm bÜrgy swap .
In the allotment of liquidity-absorbing variable rate foreign exchange swap tenders , bids are listed in diminishing order of offered swap point quotations .
Oi pqoruoqÝy le siy twgküseqey lomÜdey bÜrgy swap ijamopoioýmsai jasÜ pqoseqaiüsgsa jai rsg rtmÝveia ijamopoioýmsai oi pqoruoqÝy le siy diadovijÜ valgküseqey lomÜdey bÜrgy swap lÝvqiy üsot enamskgheß so rtmokijü pqoy jasamolÞ porü sot molßrlasoy pot diasgqeßsai rsaheqü .
The bids with the highest swap point quotations are satisfied with priority and successively lower swap point quotations are accepted until the total amount of the fixed currency to be absorbed is exhausted .
EÜm , rsg valgküseqg lomÜda bÜrgy swap g opoßa Ývei cßmei apodejsÞ ( dgkadÞ rso oqiajü epßpedo lomÜdxm bÜrgy swap ) , so rtmokijü ývoy sxm pqoruoqþm tpeqbaßmei so emapolÝmom pqoy jasamolÞ porü , so emapolÝmom porü jasamÝlesai rtllÝsqxy lesaný sxm pqoruoqþm rýluxma le so küco sot emapolÝmomsoy poroý pqoy so rtmokijü porü pqoruoqþm rso oqiajü epßpedo lomÜdxm bÜrgy swap ( bkÝpe Pkaßrio 6 ) .
If , at the lowest swap point quotation accepted ( i.e. the marginal swap point quotation ) , the aggregate amount bid exceeds the remaining amount to be allotted , the remaining amount is allocated pro rata among the bids according to the ratio of the remaining amount to be allotted to the total amount bid at the marginal swap point quotation ( see Box 6 ) .
d ) Sýpoy dglopqarßay Rsiy dglopqarßey amsacxmirsijoý episojßot , so Etqxrýrsgla lpoqeß ma euaqlürei diadijarßey eßse emiaßot eßse pokkapkoý episojßot .
( d ) T y p e o f a u c t i o n For variable rate tenders , the Eurosystem may apply either single rate or multiple rate auction procedures .
Rsg dglopqarßa emiaßot episojßot ( « dglopqarßa okkamdijoý sýpot » ) , so episüjio / silÞ / lomÜda bÜrgy swap jasamolÞy pot euaqlüfesai re ükey siy epistveßy pqoruoqÝy iroýsai le so oqiajü episüjio / silÞ / lomÜda bÜrgy swap ( dgkadÞ atsü rso opoßo enamskghgje so rýmoko sot pqoy jasamolÞ poroý ) .
In a single rate auction ( Dutch auction ) , the allotment interest rate / price / swap point applied for all satisfied bids is equal to the marginal interest rate / price / swap point ( i.e. that at which the total allotment is exhausted ) .
Rsg dglopqarßa pokkapkoý episojßot ( « dglopqarßa aleqijamijoý sýpot » ) so episüjio / silÞ / lomÜda bÜrgy swap jasamolÞy iroýsai le so pqorueqülemo amÜ lelomxlÝmg pqoruoqÜ episüjio / silÞ / lomÜda bÜrgy swap .
In a multiple rate auction ( American auction ) , the allotment interest rate / price / swap point is equal to the interest rate / price / swap point offered for each individual bid .
Amajoßmxrg aposekÝrlasoy dglopqarßay Sa aposekÝrlasa sxm sajsijþm jai sxm Ýjsajsxm dglopqariþm cmxrsopoioýmsai rso joimü lÝrx gkejsqomijþm pkgqouoqiajþm dijsýxm .
Announcement of tender results The results of standard and quick tenders are announced publicly by means of wire services .
EpipkÝom , oi ehmijÝy jemsqijÝy sqÜpefey lpoqoým ma amajoimþmotm so aposÝkerla sgy jasamolÞy apetheßay re amsirtlbakkolÝmoty oi opoßoi dem Ývotm pqürbarg re gkejsqomijÜ pkgqouoqiajÜ dßjsta .
In addition , national central banks may announce the allotment result directly to counterparties without access to wire services .
G amajoßmxrg sot aposekÝrlasoy sgy dglopqarßay jamomijÜ peqikalbÜmei sa enÞy rsoiveßa :  som emdeijsijü aqihlü sgy dglopqarßay ,  sgm gleqolgmßa sgy dglopqarßay ,  so eßdoy sgy pqÜngy ,  sg diÜqjeia sgy pqÜngy ,  so rtmokijü porü sxm pqoruoqþm pot tpÝbakam oi amsirtlbakkülemoi sot EtqxrtrsÞlasoy ,  som aqihlü sxm amsirtlbakkolÝmxm pot tpÝbakam pqoruoqÝy ,  sa molßrlasa pot auoqÜ g pqÜng ( re peqßpsxrg pqÜnexm amsakkacÞy molirlÜsxm ) ,  so rtmokijÜ jasamelülemo porü ,  so pororsü jasamolÞy ( re peqßpsxrg dglopqariþm rsaheqoý episojßot ) ,
The public tender result message normally contains the following information :  the reference number of the tender operation ,  the date of the tender operation ,  the type of operation ,  the maturity of the operation ,  the total amount bid by Eurosystem counterparties ,  the number of bidders ,  the currencies involved ( in the case of foreign exchange swaps ) ,  the total amount allotted ,  the percentage of allotment ( in the case of fixed rate tenders ) ,