natgillin/translations-raw huggingface dataset:
PKAIRIO 11 BÜrg tpokocirloý jai rtmsekersÝy sxm tpovqexsijþm ekÜvirsxm apohelasijþm A. Tpovqeþreiy pot peqikalbÜmomsai rsg bÜrg sxm apohelasijþm jai tpÜcomsai re hesijü rtmsekersÞ JasahÝreiy  JasahÝreiy diÜqjeiay lßay glÝqay  JasahÝreiy le pqoherlßa kÞnexy Ýxy dýo Ýsg  JasahÝreiy tpü pqoeidopoßgrg Ýxy dýo Ýsg EjdohÝmsa vqeücqaua  Vqeücqaua le pqoherlßa kÞnexy Ýxy dýo Ýsg Sßskoi sgy vqglasacoqÜy  Sßskoi sgy vqglasacoqÜy B. Tpovqeþreiy pot peqikalbÜmomsai rsg bÜrg sxm apohelasijþm jai tpÜcomsai re lgdemijü rtmsekersÞ JasahÝreiy  JasahÝreiy le pqoherlßa kÞnexy Ümx sxm dýo esþm  JasahÝreiy tpü pqoeidopoßgrg Ümx sxm dýo esþm  Rtluxmßey epamacoqÜy EjdohÝmsa vqeücqaua  Vqeücqaua le pqoherlßa kÞnexy Ümx sxm dýo esþm C. Tpovqeþreiy pot dem peqikalbÜmomsai rsg bÜrg sxm apohelasijþm  Tpovqeþreiy Ýmamsi Ükkxm idqtlÜsxm pot tpüjeimsai rso rýrsgla ekÜvirsxm apohelasijþm sot EtqxrtrsÞlasoy  Tpovqeþreiy Ýmamsi sgy EJS jai sxm ehmijþm jemsqijþm sqapefþm L 185/47
L 185/47 BOX 11 Reserve base and reserve ratios A. Liabilities included in the reserve base and to which the positive reserve ratio is applied Deposits  Overnight deposits  Deposits with agreed maturity up to two years  Deposits redeemable at notice up to two years Debt securities issued  Debt securities with agreed maturity up to two years Money market paper  Money market paper B. Liabilities included in the reserve base and to which a zero reserve ratio is applied Deposits  Deposits with agreed maturity over two years  Deposits redeemable at notice over two years  Repos Debt securities issued  Debt securities with agreed maturity over two years C. Liabilities excluded from the reserve base  Liabilities vis-à-vis other institutions subject to the Eurosystem 's minimum reserve system  Liabilities vis-à-vis the ECB and the national central banks
b ) Tpok o c i r l ü y sx m t po v q e x s i j þ m e k Ü v i r sx m a po h e l a s i j þ m Cia som tpokocirlü sxm tpovqexsijþm ekÜvirsxm apohelasijþm jÜhe idqýlasoy euaqlüfomsai , epß sot poroý sxm rsoiveßxm sot pahgsijoý , oi rtmsekersÝy pot irvýotm cia siy amsßrsoivey jasgcoqßey tpovqeþrexm .
( b ) C a l c u l a t i o n o f r e s e r v e r e q u i r e m e n t s The reserve requirement of each individual institution is calculated by applying , to the amount of eligible liabilities , the reserve ratios for the corresponding categories of liabilities .
JÜhe ßdqtla auaiqeß apü sa tpovqexsijÜ ekÜvirsa apohelasijÜ sot re jÜhe jqÜsoy lÝkoy üpot Ývei ecjasÜrsarg lia emiaßa euÜpan apakkacÞ .
Each institution deducts a uniform lump-sum allowance from its reserve requirement in each Member State in which it has an establishment .
So ýwoy atsÞy sgy apakkacÞy oqßfesai rsom jamomirlü sgy EJS cia sa ekÜvirsa apohelasijÜ .
The size of the lump-sum allowance is specified in the ECB Regulation on minimum reserves .
G voqÞcgrg atsÞy sgy apakkacÞy dem hßcei siy molijÝy tpovqeþreiy sxm idqtlÜsxm pot tpüjeimsai rso rýrsgla ekÜvirsxm apohelasijþm sot EtqxrtrsÞlasoy ( 72 ) .
The granting of such an allowance shall be without prejudice to the legal obligations of institutions subject to the Eurosystem 's minimum reserve system ( 72 ) .
Sa tpovqexsijÜ ekÜvirsa apohelasijÜ cia jÜhe peqßodo sÞqgrgy rsqocctkopoioýmsai rso pkgriÝrseqo ajÝqaio porü etqþ .
The reserve requirement for each maintenance period is rounded to the nearest euro .
( 72 ) Cia sa idqýlasa pot episqÝpesai ma tpobÜkkotm oladopoiglÝma rsasirsijÜ rsoiveßa , re emopoiglÝmg bÜrg , rýluxma le siy diasÜneiy sot pkairßot tpobokÞy pkgqouoqiþm cia siy molirlasijÝy jai sqapefijÝy rsasirsijÝy sgy EJS ( bkÝpe PaqÜqsgla 4 ) , ha voqgceßsai lßa lümo sÝsoia apakkacÞ cia oküjkgqo som üliko , ejsüy eÜm sa idqýlasa paqÝvotm kepsoleqÞ rsoiveßa cia sg bÜrg sxm ekÜvirsxm apohelasijþm jai sa sgqoýlema apohelasijÜ þrse ma lpoqeß so Etqxrýrsgla ma enajqibþrei sgm oqhüsgsa jai sgm poiüsgsÜ soty jai ma jahoqßrei sa ekÜvirsa apohelasijÜ cia jÜhe Ýma apü sa pirsxsijÜ idqýlasa pot amÞjotm rsom üliko .
( 72 ) For institutions allowed to report statistical data as a group on a consolidated basis according to the provisions of the reporting framework for the ECB 's money and banking statistics ( see Annex 4 ) , only one such allowance will be granted to the group as a whole , unless the institutions provide data on the reserve base and reserve holdings in a sufficiently detailed manner to enable the Eurosystem to verify their accuracy and quality and to determine the respective reserve requirement of each individual institution included in the group .
SÞqgrg tpovqexsijþm apohelasijþm a ) Peqßodoy sÞqgrgy G peqßodoy sÞqgrgy diaqjeß Ýma lÞma , apü siy 24 jÜhe lgmüy Ýxy siy 23 sot epolÝmot .
Maintenance of reserve holdings ( a ) M a i n t e n a n c e p e r i o d The maintenance period is one month , starting on the 24th calendar day of each month and ending on the 23rd calendar day of the following month .
b ) Sgqoýlema apohelasijÜ JÜhe ßdqtla pqÝpei ma sgqeß sa ekÜvirsa apohelasijÜ sot re Ýmam Þ peqirrüseqoty kocaqiarloýy apohelasijþm rsgm ehmijÞ jemsqijÞ sqÜpefa sot jqÜsoty-lÝkoty üpot eßmai ecjasersglÝmo .
( b ) R e s e r v e h o l d i n g s Each institution must hold its minimum reserves on one or more reserve accounts with the national central bank in the Member State in which it is established .
Cia sa idqýlasa pot diasgqoým peqirrüseqa jasarsÞlasa re Ýma jqÜsoy-lÝkoy , so jemsqijü jasÜrsgla Ývei sgm ethýmg ma ejpkgqþmei sg rtmokijÞ tpovqÝxrg re ekÜvirsa apohelasijÜ ükxm sxm ecvþqixm jasarsglÜsxm sot idqýlasoy ( 73 ) .
For institutions with more than one establishment in a Member State , the head office is responsible for fulfilling the aggregate minimum reserves of all the domestic establishments of the institution ( 73 ) .
EÜm Ýma ßdqtla Ývei ecjasÜrsarg re peqirrüseqa jqÜsg lÝkg , tpovqeoýsai ma sgqeß ekÜvirsa apohelasijÜ rsgm ehmijÞ jemsqijÞ sqÜpefa jÜhe jqÜsoty-lÝkoty rso opoßo Ývei ecjasÜrsarg , rýluxma le sg bÜrg ekÜvirsxm apohelasijþm sot rso amsßrsoivo jqÜsoy-lÝkoy .
An institution with establishments in more than one Member State is required to hold minimum reserves with the national central bank of each Member State in which it has an establishment , in relation to its reserve base in the corresponding Member State .
Oi kocaqiarloß diajamomirloý pot sgqoým sa idqýlasa rsiy ehmijÝy jemsqijÝy sqÜpefey lpoqoým ma vqgrilopoighoým xy kocaqiarloß apohelasijþm .
Institutions » settlement accounts with the national central banks may be used as reserve accounts .
Sa porÜ pot sgqoýmsai rsoty kocaqiarloýy apohelasijþm lpoqoým ma vqgrilopoighoým cia soty rjopoýy sot emdogleqÞriot diajamomirloý .
Reserve holdings on settlement accounts may be used for intraday settlement purposes .
So gleqÞrio ýwoy sxm sgqoýlemxm apohelasijþm emüy idqýlasoy tpokocßfesai xy so tpükoipo , üpxy dialoquþmesai rso sÝkoy sgy glÝqay , sot kocaqiarloý apohelasijþm .
The daily reserve holding of an institution is calculated as the end-of-day balance on its reserve account .
¸ ma ßdqtla lpoqeß ma fgsÞrei apü sgm ehmijÞ jemsqijÞ sqÜpefa sot jqÜsoty-lÝkoty rso opoßo eßmai jÜsoijoy ma sot episqÝwei ma sgqeß sa tpovqexsijÜ ekÜvirsa apohelasijÜ sot Ýllera , lÝrx emdiÜlerot uoqÝa .
An institution may apply to the national central bank in the Member State in which the institution is resident for permission to hold all its minimum reserves indirectly through an intermediary .
G dtmasüsgsa sÞqgrgy sxm tpovqexsokþm ekÜvirsxm apohelasijþm lÝrx emdiÜlerot uoqÝa jasÜ jamüma peqioqßfesai re idqýlasa pot g dolÞ soty eßmai sÝsoia þrse slÞla sgy diaveßqirgy ( p.v. diaveßqirg diaherßlxm ) rtmÞhxy arjeßsai apü emdiÜlero uoqÝa ( p.v. sa dßjsta sqapefþm aposalieýrexm jai oi rtmesaiqirsijÝy sqÜpefey lpoqoým ma sgqoým kocaqiarloýy ekÜvirsxm apohelasijþm re jemsqijü epßpedo ) .
The possibility of holding minimum reserves through an intermediary is , as a rule , restricted to institutions which are constituted so that part of the administration ( e.g. treasury management ) is normally effected by the intermediary ( e.g. networks of savings banks and cooperative banks may centralise their reserve holdings ) .
G sÞqgrg apohelasijþm lÝrx emdiÜlerot uoqÝa tpüjeisai rsiy diasÜneiy sot jamomirloý sgy EJS cia sa ekÜvirsa apohelasijÜ .
The holding of minimum reserves through an intermediary is subject to the provisions specified in the ECB Regulation on minimum reserves .
c ) Sü j o i e p ß sx m s g q o ý l e m x m a po h e l a s i j þ m Sa tpovqexsijÜ ekÜvirsa apohelasijÜ sgqoýmsai emsüjxy , le episüjio ßro pqoy so lÝro üqo , rsg diÜqjeia sgy peqiüdot sÞqgrgy , sot episojßot sxm pqÜnexm jýqiay amavqglasodüsgrgy sgy EJS ( rsahlirlÝmot amÜkoca le som aqihlü sxm gleqokociajþm gleqþm ) , rýluxma le som sýpo pot oqßfesai rso Pkaßrio 12 .
( c ) R e m u n e r a t i o n o f r e s e r v e h o l d i n g s Holdings of required reserves are remunerated at the average , over the maintenance period , of the ECB 's rate ( weighted according to the number of calendar days ) on the main refinancing operations , calculated using the formula specified in Box 12 .
Epß porþm pot sgqoýmsai jah » tpÝqbarg sxm apaisoýlemxm ekÜvirsxm apohelasijþm dem jasabÜkkomsai süjoi .
Reserve holdings exceeding the required reserves are not remunerated .
Oi süjoi jasabÜkkomsai sg lehepülemg eqcÜrilg glÝqa sgy EhmJS lesÜ so sÝkoy sgy peqiüdot sÞqgrgy sgm opoßa auoqoým .
The remuneration is paid on the second NCB business day following the end of the maintenance period over which the remuneration was earned .
PKAIRIO 12 Tpokocirlüy sxm süjxm epß sxm sgqoýlemxm tpovqexsijþm apohelasijþm Oi süjoi epß sxm sgqoýlemxm tpovqexsijþm apohelasijþm tpokocßfomsai rýluxma le som ajükotho sýpo : Rt = rt = ¼ pot : Rt = Ht = nt = rt = jasabkgsÝoy süjoy epß sxm sgqoýlemxm tpovqexsijþm apohelasijþm jasÜ sgm peqßodo sÞqgrgy t lÝro gleqÞrio ýwoy sgqoýlemxm tpovqexsijþm apohelasijþm cia sgm peqßodo sÞqgrgy t aqihlüy gleqokociajþm gleqþm sgy peqiüdot sÞqgrgy t episüjio epß sxm ekÜvirsxm apohelasijþm cia sgm peqßodo sÞqgrgy t. Ha euaqlüfomsai oi rtmÞheiy jamümey rsqocctkopoßgrgy sot episojßot rsa dýo dejadijÜ wgußa .
BOX 12 Calculation of the remuneration of holdings of required reserves The holding of required reserves is remunerated according to the following formula : Rt = rt = Where : Rt = Ht = nt = r t = i = remuneration to be paid on holdings of required reserves for the maintenance period t. average daily holdings of required reserves for the maintenance period t. number of calendar days in the maintenance period t. rate of remuneration on holdings of required reserves for the maintenance period t. Standard rounding of the rate of remuneration if to two decimals will be applied .
i = gleqokociajÞ glÝqa i sgy peqiüdot sÞqgrgy t Ht · nt · ri 100 · 360 nt  MRt i = 1
ith calendar day of the maintenance period t. Ht · nt · ri 100 · 360 nt  MRt i = 1
MRi = oqiajü episüjio sgy seketsaßay pqÜngy jýqiay amavqglasodüsgrgy pot diajamomßfesai jasÜ Þ pqim apü sgm glÝqa i. ¼ sam diemeqcoýmsai peqirrüseqey sgy liay pqÜneiy jýqiay amavqglasodüsgrgy oi opoßey pqüjeisai ma diajamomirsoým sgm ßdia glÝqa , vqgrilopoießsai Ýmay apküy üqoy sxm oqiajþm episojßxm sxm pqÜnexm pot diemeqcoýmsai paqÜkkgka .
MRi = marginal interest rate for the most recent main refinancing operation settled on or before calendar day i. Where more than one main refinancing operation is conducted for settlement on the same day , a simple average of the marginal rates of the operations conducted in parallel is used .
( 73 ) EÜm Ýma ßdqtla dem Ývei jemsqijü jasÜrsgla re Ýma jqÜsoy-lÝkoy rso opoßo bqßrjesai , pqÝpei ma jahoqßrei jýqio tpojasÜrsgla so opoßo ha eßmai tpeýhtmo cia sgm ejpkÞqxrg sxm rtmokijþm tpovqeþrexm pÞqgrgy ekÜvirsxm apohelasijþm ükxm sxm jasarsglÜsxm sot idqýlasoy rso em kücx jqÜsoy-lÝkoy .
( 73 ) If an institution has no head office in a Member State in which it is established , it has to designate a principal branch which would then be responsible for fulfilling the aggregate minimum reserve requirements of all the establishments of the institution in the relevant Member State .
TpobokÞ pkgqouoqiþm jai epakÞhetrg sgy bÜrgy tpokocirloý sxm tpovqexsijþm ekÜvirsxm apohelasijþm Oi tpovqeþreiy pot peqikalbÜmomsai rsg bÜrg sxm ekÜvirsxm apohelasijþm tpokocßfomsai apü sa idqýlasa pot tpüjeimsai rsgm tpovqÝxrg sÞqgrgy ekÜvirsxm apohelasijþm jai tpobÜkkomsai apü siy ehmijÝy jemsqijÝy sqÜpefey rso cemijü pkaßrio sgy molirlasijÞy jai sqapefijÞy rsasirsijÞy sgy EJS ( bkÝpe PaqÜqsgla 4 ) .
Reporting and verification of the reserve base The reserve base items for the application of minimum reserves are calculated by the institutions subject to minimum reserves themselves and are reported to the national central banks within the general framework of the ECB 's money and banking statistics ( see Annex 4 ) .
So Üqhqo 5 sot Jamomirloý sgy EJS ( EJS / 1998/15 ) oqßfei siy diadijarßey cia sgm epibebaßxrg jai , re enaiqesijÝy peqipsþreiy , sgm amaheþqgrg sgy bÜrgy sxm apohelasijþm jai sgy tpovqÝxrgy sot idqýlasoy re ekÜvirsa apohelasijÜ .
Article 5 of ECB Regulation ECB / 1998/15 defines procedures for the confirmation and , in exceptional cases , the revision of the reserve base and the reserve requirement of the institution .
Rsgm peqßpsxrg sxm idqtlÜsxm pot episqÝpesai ma emeqcoým xy emdiÜleroi uoqeßy cia sgm Ýllerg sÞqgrg apohelasijþm Ükkxm idqtlÜsxm , o Jamomirlüy sgy EJS cia sa ekÜvirsa apohelasijÜ pqobkÝpei eidijÝy tpovqeþreiy tpobokÞy pkgqouoqiþm .
For institutions that are allowed to act as intermediaries for indirect reserve holdings of other institutions , special reporting requirements are specified in the ECB Regulation on minimum reserves .
G sÞqgrg apohelasijþm lÝrx emdiÜlerot uoqÝa dem lesabÜkkei siy tpovqeþreiy tpobokÞy rsasirsijþm rsoiveßxm ej lÝqoty sxm idqtlÜsxm pot sgqoým sa apohelasijÜ soty lÝrx emdiÜlerot uoqÝa .
The holding of reserves through an intermediary does not change the statistical reporting obligations of institutions holding reserves via an intermediary .
G EJS jai oi ehmijÝy jemsqijÝy sqÜpefey dijaioýmsai , rso pkaßrio sot jamomirloý ( EJS ) sot Rtlbotkßot rvesijÜ le sgm euaqlocÞ ekÜvirsxm apohelasijþm apü sgm EtqxpaújÞ JemsqijÞ SqÜpefa , ma epakgheýotm sgm ajqßbeia jai sgm poiüsgsa sxm pkgqouoqiþm pot rtkkÝcotm .
The ECB and the national central banks have the right , within the scope of the Council Regulation ( EC ) concerning the application of minimum reserves by the European Central Bank , to verify the accuracy and quality of collected data .
Lg rtllüquxrg le siy tpovqeþreiy sÞqgrgy ekÜvirsxm apohelasijþm RtmsqÝvei peqßpsxrg lg rtllüquxrgy le siy tpovqeþreiy sÞqgrgy ekÜvirsxm apohelasijþm eÜm so lÝro tpükoipo sÝkoty sgy glÝqay rso kocaqiarlü ( Þ rsoty kocaqiarloýy ) apohelasijþm emüy idqýlasoy jasÜ sg diÜqjeia sgy peqiüdot sÞqgrgy tpokeßpesai sxm tpovqexsijþm apohelasijþm sot cia sgm amsßrsoivg peqßodo sÞqgrgy .
Non-compliance with minimum reserve obligations Non-compliance with the minimum reserve obligations arises if an institution 's average end-of-calendar-day balance on its reserve account ( s ) over the maintenance period is less than its reserve requirement for the corresponding maintenance period .
EÜm Ýma ßdqtla dem ejpkgqþmei em lÝqei Þ em ükx siy tpovqeþreiy sot , g EJS dýmasai , rýluxma le som jamomirlü ( EJ ) sot Rtlbotkßot rvesijÜ le sgm euaqlocÞ ekÜvirsxm apohelasijþm apü sgm EtqxpaújÞ JemsqijÞ SqÜpefa , ma epibÜkei diafetjsijþy siy ajükothey jtqþreiy :  vqglasijÞ poimÞ , tpokocifülemg xy pororsü ßro le so episüjio oqiajÞy vqglasodüsgrgy pqoratnglÝmo jasÜ Ýxy jai 5 ejasorsiaßey lomÜdey epß sot poroý jasÜ so opoßo sa sgqoýlema apohelasijÜ tpokeßpomsai sxm tpovqexsijþm ekÜvirsxm apohelasijþm sot em kücx pirsxsijoý idqýlasoy ,  vqglasijÞ poimÞ , tpokocifülemg xy pororsü Ýxy jai dipkÜrio sot episojßot oqiajÞy vqglasodüsgrgy epß sot poroý jasÜ so opoßo sa sgqoýlema apohelasijÜ tpokeßpomsai sxm tpovqexsijþm ekÜvirsxm apohelasijþm sot em kücx pirsxsijoý idqýlasoy ,  ma tpovqeþrei so em kücx ßdqtla ma pqobeß re Üsojg jasÜherg rsgm EJS Þ rsgm ehmijÞ jemsqijÞ sqÜpefa , ýwoty Ýxy jai sqipkarßot sot poroý sxm tpovqexsijþm apohelasijþm pot tpokeßpesai .
Where an institution fails to comply with all or part of the reserve requirement , the ECB may , in accordance with the Council Regulation ( EC ) concerning the application of minimum reserves by the European Central Bank , impose any one of the following sanctions :  a payment of up to 5 percentage points above the marginal lending rate , applied to the amount of the reserve requirement which the relevant institution failed to provide , or  a payment of up to two times the marginal lending rate , applied to the amount of the reserve requirement which the relevant institution failed to provide , or  the requirement for the relevant institution to establish non-interest-bearing deposits with the ECB or the national central banks up to three times the amount of the reserve requirement which the relevant institution failed to provide .
G diÜqjeia sgy jasÜhergy dem dýmasai ma tpeqbaßmei sgm peqßodo jasÜ sgm opoßo so ßdqtla dem rtlloquþmesai le sgm tpovqÝxrg sÞqgrgy ekÜvirsxm apohelasijþm .
The maturity of the deposit may not exceed the period during which the institution failed to comply with the reserve requirement .
EÜm Ýma ßdqtla dem rtlloquþmesai le Ükkey tpovqeþreiy pot apoqqÝotm apü Jamomirloýy jai ApouÜreiy sgy EJS rvesijÜ le so rýrsgla ekÜvirsxm apohelasijþm sot EtqxrtrsÞlasoy ( p.v. eÜm sa rvesijÜ rsoiveßa dem diabibarsoým ecjaßqxy Þ eßmai amajqibÞ ) , g EJS dijaioýsai ma epibÜkei jtqþreiy rýluxma le som jamomirlü ( EJ ) aqih . 2532/98 sot Rtlbotkßot sgy 23gy Moelbqßot 1998 rvesijÜ le sgm enotrßa sgy EJS ma epibÜkkei jtqþreiy ( EJS / 1999/4 ) jai som Jamomirlü sgy EJS sgy 23yg Repselbqßot 1999 rvesijÜ le siy enotrßey sgy EJS ma epibÜkkei jtqþreiy .
Where an institution fails to comply with other obligations under ECB Regulations and Decisions related to the Eurosystem 's minimum reserve system ( e.g. if relevant data are not transmitted in time or are not accurate ) , the ECB is empowered to impose sanctions in accordance with Council Regulation ( EC ) No 2532/98 of 23 November 1998 concerning the powers of the European Central Bank to impose sanctions and the ECB Regulation of 23 September 1999 on the powers of the ECB to impose sanctions ( ECB / 1999/4 ) .
G EjsekersijÞ EpisqopÞ sgy EJS dýmasai ma oqßrei jai ma dglorieýrei sa jqisÞqia rýluxma le sa opoßa ha epibÜkkomsai oi jtqþreiy sot ¢ qhqot 7 ( 1 ) sot Jamomirloý ( EJ ) aqih . 2531/98 sot Rtlbotkiot sgy 23gy Moelbqßot 1998 rvesijÜ le sgm euaqlocÞ ekÜvirsxm apohelasijþm apü sgm EtqxpaújÞ JemsqijÞ SqÜpefa ( 74 ) .
The Executive Board of the ECB may specify and publish the criteria according to which it will apply the sanctions provided for in Article 7 ( 1 ) of Council Regulation ( EC ) No 2531/98 of 23 November 1998 concerning the application of minimum reserves by the European Central Bank ( 74 ) .
EpipkÝom , re peqßpsxrg robaqþm paqabÜrexm sxm tpovqeþrexm sÞqgrgy ekÜvirsxm apohelasijþm , so Etqxrýrsgla dýmasai ma amarseßkei so dijaßxla rtllesovÞy sxm amsirtlbakkolÝmxm rsiy pqÜneiy amoijsÞy acoqÜy .
In addition , in the case of serious infringements of the minimum reserve requirements , the Eurosystem may suspend counterparties from participation in open market operations .
( 74 ) Sa em kücx jqisÞqia dglorieýhgjam re amajoßmxrg rsgm Epßrglg Eugleqßda sxm Etqxpaújþm JoimosÞsxm rsiy 11 Uebqotaqßot 2000 , le sßsko « Amajoßmxrg sgy EtqxpaújÞy JemsqijÞy SqÜpefay rvesijÜ le sgm epibokÞ jtqþrexm cia paqabÜreiy sgy tpovqÝxrgy sÞqgrgy ekÜvirsxm apohelasijþm »
( 74 ) Such criteria were published in a notice in the Official Journal of the European Communities on 11 February 2000 entitled  Notice of the European Central Bank on the imposition of sanctions for breaches of the obligation to hold minimum reserves .
PAQAQSGLASA PAQAQSGLA I Paqadeßclasa pqÜnexm jai diadijariþm molirlasijÞy pokisijÞy JasÜkocoy paqadeiclÜsxm PaqÜdeicla 1 AmsirsqepsÝa pqÜng cia paqovÞ qetrsüsgsay lÝrx dglopqarßay rsaheqoý episojßot PaqÜdeicla 2 AmsirsqepsÝa pqÜng cia paqovÞ qetrsüsgsay lÝrx dglopqarßay amsacxmirsijoý episojßot PaqÜdeicla 3 ¸ jdorg pirsopoigsijþm vqÝoty sgy EJS lÝrx dglopqarßay amsacxmirsijoý episojßot PaqÜdeicla 4 AmsakkacÞ molirlÜsxm cia apoqqüugrg qetrsüsgsay lÝrx dglopqarßay amsacxmirsijoý episojßot PaqÜdeicla 5 AmsakkacÞ molirlÜsxm cia paqovÞ qetrsüsgsay lÝrx dglopqarßay amsacxmirsijoý episojßot PaqÜdeicla 6 LÝsqa ekÝcvot jimdýmxm
ANNEXES ANNEX 1 Examples of monetary policy operations and procedures List of examples Example 1 Liquidity-providing reverse transaction by fixed rate tender Example 2 Liquidity-providing reverse transaction by variable rate tender Example 3 Issuance of ECB debt certificates by variable rate tender Example 4 Liquidity-absorbing foreign exchange swap by variable rate tender Example 5 Liquidity-providing foreign exchange swap by variable rate tender Example 6 Risk control measures
PAQADEICLA 1 AmsirsqepsÝa pqÜng cia paqovÞ qetrsüsgsay lÝrx dglopqarßay rsaheqoý episojßot G EJS apouarßfei sgm paqovÞ qetrsüsgsay rsgm acoqÜ lÝrx amsirsqepsÝay pqÜngy pot diemeqceßsai le diadijarßa dglopqarßay rsaheqoý episojßot .
EXAMPLE 1 Liquidity-providing reverse transaction by fixed rate tender The ECB decides to provide liquidity to the market by means of a reverse transaction organised with a fixed rate tender procedure .
Sqeiy amsirtlbakkülemoi tpobÜkkotm siy enÞy pqoruoqÝy : Amsirtlbakkülemoy PqoruoqÜ ( re ejas . etqþ )
Three counterparties submit the following bids : Counterparty Bid ( million EUR )
SqÜpefa 1 SqÜpefa 2 SqÜpefa 3 Rýmoko
Bank 1 Bank 2 Bank 3 Total
G EJS apouarßfei ma jasameßlei rtmokijÜ 105 ejas .
The ECB decides to allot a total of EUR 105 million .
etqþ . So pororsü jasamolÞy eßmai : 105 = 75 % 30  40  70 
The percentage of allotment is : 105 = 75 % 30  40  70 
G jasamolÞ pqoy soty amsirtlbakkolÝmoty Ývei xy enÞy : Amsirtlbakkülemoy PqoruoqÜ ( re ejas . etqþ ) JasamolÞ ( re ejas .
The allotment to the counterparties is : Counterparty Bid ( million EUR ) Allotment ( million EUR )
SqapÝfa 1 SqapÝfa 2 SqapÝfa 3 Rýmoko
Bank 1 Bank 2 Bank 3 Total
Epßrglg Eugleqßda sxm Etqxpaújþm JoimosÞsxm PAQADEICLA 2 AmsirsqepsÝa pqÜng cia paqovÞ qetrsüsgsay lÝrx dglopqarßay amsacxmirsijoý episojßot
Official Journal of the European Communities EXAMPLE 2 Liquidity-providing reverse transaction by variable rate tender
G EJS apouarßfei sgm paqovÞ qetrsüsgsay rsgm acoqÜ lÝrx amsirsqepsÝay pqÜngy pot diemeqceßsai le diadijarßa dglopqarßay amsacxmirsijoý episojßot .
The ECB decides to provide liquidity to the market by means of a reverse transaction organised with a variable rate tender procedure .
Sqeiy amsirtlbakkülemoi tpobÜkkotm siy enÞy pqoruoqÝy : Porü ( re ejas . etqþ ) Episüjio (%) SqÜpefa 1 SqÜpefa 2 SqÜpefa 3 Rýmoko pqoruoqþm Rxqetsijü ýwoy pqoruoqþm
Three counterparties submit the following bids : Interest rate (%) Amount ( million EUR ) Bank 1 Bank 2 Bank 3 Total bids Cumulative bids
3,15 3,10 3,09 3,08 3,07 3,06 3,05 3,04 3,03 Rýmoko 5 5 10 5 5 30 45 5 5 5 5 10 10 5 5 5 5 10 15 15 5 10 70
3,15 3,10 3,09 3,08 3,07 3,06 3,05 3,04 3,03 Total 5 5 10 5 5 30 45 5 5 5 5 10 10 5 5 5 5 10 15 15 5 10 70
G EJS apouarßfei ma jasameßlei 94 ejas . etqþ , opüse pqojýpsei oqiajü episüjio 3,05 %.
The ECB decides to allot EUR 94 million , implying a marginal interest rate of 3,05 %.
¼ key oi pqoruoqÝy Ümx sot 3,05 % ( cia rxqetsijü ýwoy 80 ejas . etqþ ) ijamopoioýmsai pkÞqxy .
All bids above 3,05 % ( for a cumulative amount of EUR 80 million ) are fully satisfied .
Le episüjio 3,05 %, so pororsü jasamolÞy Ývei xy enÞy : 94 ¯ 80 = 40 % 35
At 3,05 % the percentage of allotment is : 94 ¯ 80 = 40 % 35
G jasamolÞ rsgm SqÜpefa 1 bÜrei sot oqiajoý episojßot eßmai , cia paqÜdeicla : 0Y4 Â 10 = 4
The allotment to Bank 1 at the marginal interest rate is , for example : 0Y4 Â 10 = 4
G rtmokijÞ jasamolÞ rsgm SqÜpefa 1 eßmai : 5  5  4 = 14
The total allotment to Bank 1 is : 5  5  4 = 14
Sa aposekÝrlasa sgy jasamolÞy rtmowßfomsai xy enÞy : Amsirtlbakkülemoi Porü ( re ejas . etqþ ) SqÜpefa 1 SqÜpefa 2 SqÜpefa 3 Rýmoko
The allotment results can be summarised as follows : Counterparties Amount ( million EUR ) Bank 1 Bank 2 Bank 3 Total
Rýmoko pqoruoqþm Rýmoko jasamolÞy
Total bids Total allotment