natgillin/translations-raw huggingface dataset:
For the purposes of the first sentence of Article 3 ( 1 ) of the Settlement Finality Directive and the third sentence of § 116 , § 96 ( 2 ) , § 82 and § 340 ( 3 ) of the Insolvenzordnung ( German Insolvency Code ) and the sixth sentence of § 46a ( 1 ) of the KWG , payment orders are deemed entered into TARGET2-ECB at the moment that the relevant participant 's PM account is debited .
For the purposes of the first sentence of Article 3 ( 1 ) of the Settlement Finality Directive and the third sentence of § 116 , § 96 ( 2 ) , § 82 and § 340 ( 3 ) of the Insolvenzordnung ( German Insolvency Code ) and the sixth sentence of 2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 15 ▼B § 46a ( 1 ) of the KWG , payment orders are deemed entered into TARGET2-ECB at the moment that the relevant participant 's PM account is debited .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 15 ▼B TITLE V SECURITY REQUIREMENTS AND CONTINGENCY ISSUES Article 21 Business continuity and contingency procedures In the event of an abnormal external event or any other event which affects the operation of the SSP , the business continuity and contingency procedures described in Appendix IV shall apply .
TITLE V SECURITY REQUIREMENTS AND CONTINGENCY ISSUES Article 21 Business continuity and contingency procedures In the event of an abnormal external event or any other event which affects the operation of the SSP , the business continuity and contingency procedures described in Appendix IV shall apply .
Article 25 Liability regime 1 .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 16 ▼B Article 25 Liability regime 1 .
The ECB shall be liable to its participants in cases of fraud ( including but not limited to wilful misconduct ) or gross negligence , for any loss arising out of 2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 16 ▼B the operation of TARGET2-ECB .
The ECB shall be liable to its participants in cases of fraud ( including but not limited to wilful misconduct ) or gross negligence , for any loss arising out of the operation of TARGET2-ECB .
TITLE VIII TERMINATION OF PARTICIPATION AND CLOSURE OF ACCOUNTS Article 27 Duration and ordinary termination of participation 1 .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 17 ▼B TITLE VIII TERMINATION OF PARTICIPATION AND CLOSURE OF ACCOUNTS Article 27 Duration and ordinary termination of participation 1 .
The participants shall bear any losses arising from the submission of a payment order to participants whose participation has been suspended or terminated if such payment order was entered into TARGET2-ECB after receipt of the ICM broadcast message .
The participants shall bear any losses arising from the submission of a payment order to participants whose participation has been suspended or terminated if such 2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 18 ▼B payment order was entered into TARGET2-ECB after receipt of the ICM broadcast message .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 18 ▼B Article 29 Closure of PM accounts 1 .
Article 29 Closure of PM accounts 1 .
Where applicable , the ECB shall thereafter increase or reduce the frozen balance by crediting or debiting cross-system settlement payments to or from the sub-account or crediting liquidity transfers to the sub-account or crediting liquidity transfers to the sub-account .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 19 ▼M2 Where applicable , the ECB shall thereafter increase or reduce the frozen balance by crediting or debiting cross-system settlement payments to or from the subaccount or crediting liquidity transfers to the sub-account or crediting liquidity transfers to the sub-account .
Without prejudice to the abovementioned increase or reduction of the guarantee , 2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 19 ▼M2 the guarantee shall be irrevocable , unconditional and payable on first demand .
Without prejudice to the abovementioned increase or reduction of the guarantee , the guarantee shall be irrevocable , unconditional and payable on first demand .
In the absence of any insolvency proceedings in relation to the participant , the AS-related payment instructions for the squaring of the participant 's settlement obligation shall be settled without drawing on the guarantee and without recourse to the security right over the balance on the participant 's subaccount .
In the absence of any insolvency proceedings in relation to the participant , the AS-related payment instructions for the squaring of the participant 's settlement obligation shall be settled without drawing on the guarantee and without recourse to the security right over the balance on the participant 's sub-account .
Article 33 Data protection , prevention of money laundering and related issues 1 .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 20 ▼B Article 33 Data protection , prevention of money laundering and related issues 1 .
Amendments to these Conditions , including its Appendices , shall be announced by means of communication in writing to the participants .
Amendments to these Conditions , including its Appendices , shall be 2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 21 ▼B announced by means of communication in writing to the participants .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 21 ▼B Article 37 Third party rights 1 .
Article 37 Third party rights 1 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 22 ▼B Appendix I TECHNICAL SPECIFICATIONS FOR THE PAYMENT ORDERS PROCESSING OF
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 22 ▼B Appendix I TECHNICAL SPECIFICATIONS FOR THE PAYMENT ORDERS PROCESSING OF
Customer payment Customer payment Processing ) Bank-to-bank payment Cover payments Direct debit payment Delivery notification Sender notification Abort notification Confirmation of debit Confirmation of credit ( Customer ) statement message ( Straight Through
Customer payment Customer payment ( Straight Through Processing ) Bank-to-bank payment Cover payments Direct debit payment Delivery notification Sender notification Abort notification Confirmation of debit Confirmation of credit ( Customer ) statement message
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 23 ▼B ( 2 ) When they register with TARGET2-ECB , direct participants shall declare which optional message types they will use , with the exception of MT 011 and MT 012 messages in relation to which direct participants shall decide from time to time whether or not to receive them with reference to specific messages .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 23 ▼B ( 2 ) When they register with TARGET2-ECB , direct participants shall declare which optional message types they will use , with the exception of MT 011 and MT 012 messages in relation to which direct participants shall decide from time to time whether or not to receive them with reference to specific messages .
Sender Message Type Receiver Transaction Reference Number ( TRN ) Related Reference Value Date Amount
Sender Message Type
LT Address Message Type Destination Address : 20 : 21 : 32 : 32
Destination Address : 20 : 21 : 32 : 32 Transaction Reference Number ( TRN ) Related Reference Value Date Amount
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 24 ▼B ( b ) Codeword « / TILTIME / » : if the payment order cannot be settled by the indicated debit time , the payment order shall not be returned but shall be kept in the relevant queue .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 24 ▼B ( b ) Codeword « / TILTIME / » : if the payment order cannot be settled by the indicated debit time , the payment order shall not be returned but shall be kept in the relevant queue .
To optimise the settlement of highly urgent ancillary system transactions on participants » sub-accounts , a special algorithm ( Algorithm 5 ) shall be used .
To optimise the settlement of highly urgent ancillary system transactions on participants » subaccounts , a special algorithm ( Algorithm 5 ) shall be used .
If the outcome of these calculations and checks is positive for each relevant PM account , the ECB and other CBs involved shall settle all 2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 25 ▼B payments simultaneously on the PM accounts of the TARGET2 participants concerned .
If the outcome of these calculations and checks is positive for each relevant PM account , the ECB and other CBs involved shall settle all payments simultaneously on the PM accounts of the TARGET2 participants concerned .
( b ) Under Algorithm 2 (' partial ') the ECB shall : ( i ) calculate and check the liquidity positions , limits and reservations of each relevant PM account as under Algorithm 1 ;
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 25 ▼B ( b ) Under Algorithm 2 (' partial ') the ECB shall : ( i ) calculate and check the liquidity positions , limits and reservations of each relevant PM account as under Algorithm 1 ;
As long as there is no pending simultaneous multilateral settlement of an ancillary system , the sequence shall be as follows : ( a ) algorithm 1 , ( b ) if algorithm 1 fails , then algorithm 2 , 2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 26 ▼B ( c ) if algorithm 2 fails , then algorithm 3 , or if algorithm 2 succeeds , repeat algorithm 1 .
As long as there is no pending simultaneous multilateral settlement of an ancillary system , the sequence shall be as follows : ( a ) algorithm 1 , ( b ) if algorithm 1 fails , then algorithm 2 , ( c ) if algorithm 2 fails , then algorithm 3 , or if algorithm 2 succeeds , repeat algorithm 1 .
( 6 ) The algorithms shall run flexibly by setting a pre-defined time lag between the application of different algorithms to ensure a minimum interval between the running of two algorithms .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 26 ▼B ( 6 ) The algorithms shall run flexibly by setting a pre-defined time lag between the application of different algorithms to ensure a minimum interval between the running of two algorithms .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 28 ▼B Appendix II TARGET2 COMPENSATION SCHEME 1 .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 27 ▼B Appendix II TARGET2 COMPENSATION SCHEME 1 .
The reference rate shall be applied to the amount of the payment order not settled as a result of the technical malfunction of TARGET2 for each day in the period from the date of the actual or , in relation to payment orders referred to in
The reference rate shall be applied to the amount of the payment order not settled as a result of the technical malfunction of TARGET2 for each day in the period from the date of the actual or , in relation to payment orders referred to in paragraph 2 ( a )( ii ) , intended submission of the payment order
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 29 ▼B paragraph 2 ( a )( ii ) , intended submission of the payment order until the date on which the payment order was or could have been successfully settled .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 28 ▼B until the date on which the payment order was or could have been successfully settled .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 30 ▼B Appendix III TERMS OF REFERENCE FOR CAPACITY AND COUNTRY OPINIONS Terms of reference for capacity opinions for participants in TARGET2
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 29 ▼B Appendix III TERMS OF REFERENCE FOR CAPACITY AND COUNTRY OPINIONS Terms of reference for capacity opinions for participants in TARGET2
DOCUMENTS EXAMINED For the purposes of this Opinion , we have examined :
DOCUMENTS EXAMINED For the purposes of this Opinion , we have examined :
( 1 ) a certified copy of the [ specify relevant constitutional document ( s )] of the Participant such as is / are in effect on the date hereof ;
( 1 ) a certified copy of the [ specify relevant constitutional document ( s )] of the Participant such as is / are in effect on the date hereof ;
( 5 ) [ specify all powers of attorney and other documents constituting or evidencing the requisite power of the person or persons signing the relevant System Documents ( as defined below ) on behalf of the Participant ] ;
( 5 ) [ specify all powers of attorney and other documents constituting or evidencing the requisite power of the person or persons signing the relevant System Documents ( as defined below ) on behalf of the Participant ] ;
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 31 ▼B and all other documents relating to the Participant 's constitution , powers , and authorisations necessary or appropriate for the provision of this Opinion ( hereinafter the « Participant Documents ') .
and all other documents relating to the Participant 's constitution , powers , and authorisations necessary or appropriate for the provision of this Opinion ( hereinafter the « Participant Documents ') .
For the purposes of this Opinion , we have also examined : ( 1 ) the terms and conditions of TARGET2-ECB dated [ insert date ] ( hereinafter the « Rules ') ;
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 30 ▼B For the purposes of this Opinion , we have also examined : ( 1 ) the terms and conditions of TARGET2-ECB dated [ insert date ] ( hereinafter the « Rules ') ;
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 32 ▼B Terms of reference for country opinions for non-EEA participants in TARGET2
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 31 ▼B Terms of reference for country opinions for non-EEA participants in TARGET2
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 33 ▼B 3 .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 32 ▼B 3 .
c Remedies in the event of default [ Where applicable to the Participant , the provisions contained in Article 30 of the Rules regarding accelerated performance of claims which have not yet matured , the set-off of claims for using the deposits of the Participant , the enforcement of a pledge , suspension and termination of participation , claims for
c Remedies in the event of default [ Where applicable to the Participant , the provisions contained in Article 30 of the Rules regarding accelerated performance of claims which have not yet matured , the set-off of claims for using the deposits of the Participant , the enforcement of a pledge , suspension and termination of participation , claims for default interest , and termination of agreements and transactions
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 34 ▼B default interest , and termination of agreements and transactions ( Articles 27-31 of the Rules ) are valid and enforceable under the laws of [ jurisdiction ] .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 33 ▼B ( Articles 27-31 of the Rules ) are valid and enforceable under the laws of [ jurisdiction ] .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 35 ▼B 3.6 .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 34 ▼B 3.6 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 36 ▼B Appendix IV BUSINESS CONTINUITY AND CONTINGENCY PROCEDURE 1 .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 35 ▼B Appendix IV BUSINESS CONTINUITY AND CONTINGENCY PROCEDURE 1 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 37 ▼B resolved before 18.00 .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 36 ▼B resolved before 18.00 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 38 ▼B 7 .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 37 ▼B 7 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 39 ▼M2 Appendix V OPERATING SCHEDULE 1 .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 38 ▼M2 Appendix V OPERATING SCHEDULE 1 .
Business window to prepare daytime operations (*) Daytime processing Cut-off time for customer payments ( i. e. payments where the originator and / or the beneficiary of a payment is not a direct or indirect participant as identified in the system by the use of an MT 103 or MT 103 + message ) Cut-off time for interbank payments ( i. e. payments other than customer payments ) End-of-day processing General cut-off time for the use of standing facilities Data for the update of accounting systems are available to CBs Start-of-day processing ( new business day ) Provision of liquidity on the PM account « Start-of-procedure » message and settlement of the standing orders to transfer liquidity from the PM accounts to the sub-account ( s )/ mirror account ( ancillary system-related settlement ) Execution of additional liquidity transfers via the ICM before the ancillary system sends the « start-ofcycle » message ;
Business window to prepare daytime operations (*) Daytime processing Cut-off time for customer payments ( i. e. payments where the originator and / or the beneficiary of a payment is not a direct or indirect participant as identified in the system by the use of an MT 103 or MT 103 + message ) Cut-off time for interbank payments ( i. e. payments other than customer payments ) End-of-day processing General cut-off time for the use of standing facilities Data for the update of accounting systems are available to CBs Start-of-day processing ( new business day ) Provision of liquidity on the PM account « Start-of-procedure » message and settlement of the standing orders to transfer liquidity from the PM accounts to the sub-account ( s )/ mirror account ( ancillary system-related settlement ) Execution of additional liquidity transfers via the ICM before the ancillary system sends the « start-of-cycle » message ;
settlement period of night-time ancillary system operations ( only for ancillary system settlement procedure 6 ) Technical maintenance period Settlement procedure of night-time ancillary system operations ( only for ancillary system settlement procedure 6 )
settlement period of nighttime ancillary system operations ( only for ancillary system settlement procedure 6 ) Technical maintenance period Settlement procedure of night-time ancillary system operations ( only for ancillary system settlement procedure 6 )
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 40 ▼M2 4 .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 39 ▼M2 4 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 41 ▼B Appendix VI FEE SCHEDULE AND INVOICING Fees and invoicing for direct participants 1 .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 40 ▼B Appendix VI FEE SCHEDULE AND INVOICING Fees and invoicing for direct participants 1 .
2007D0007 --- EN --- 12.05.2010 --- 003.001 --- 42 ▼B The gross value of the AS 's euro cash settlement transactions shall be calculated by the ASCB once a year on the basis of such gross value during the previous year and the calculated gross value shall be applied for calculating the fee as from 1 January of each calendar year .
2007D0007 --- ET --- 12.05.2010 --- 003.001 --- 41 ▼B The gross value of the AS 's euro cash settlement transactions shall be calculated by the ASCB once a year on the basis of such gross value during the previous year and the calculated gross value shall be applied for calculating the fee as from 1 January of each calendar year .
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Brussels , 1.10.2008 COM ( 2008 ) 602 final 2008/0191 ( COD )
Brüssel 1.10.2008 KOM ( 2008 ) 602 lõplik 2008/0191 ( COD )
Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directives 2006/48 / EC and 2006/49 / EC as regards banks affiliated to central institutions , certain own funds items , large exposures , supervisory arrangements , and crisis management
Ettepanek : EUROOPA PARLAMENDI JA NÕUKOGU DIREKTIIV , millega muudetakse direktiive 2006/48 / EÜ ja 2006/49 / EÜ seoses keskasutustega seotud pankade , teatavate omavahendite kirjete , suure riskide kontsentreerumise , järelevalvesüsteemide ja kriisijuhtimisega
{ SEC ( 2008 ) 2532 } { SEC ( 2008 ) 2533 }
{ SEK ( 2008 ) 2532 } { SEK ( 2008 ) 2533 }
A single financial market in the EU is a key factor in promoting the competitiveness of the European economy and the lowering of the capital cost to companies .
ETTEPANEKU TAUST ELi ühtne finantsturg on Euroopa majanduse konkurentsivõime edendamise ja äriühingute kapitalikulu vähendamise võtmetegur .
The Financial Services Action Plan 1999-2005 ( FSAP ) aimed at laying the foundations for a strong financial market in the EU by pursuing three strategic objectives : -* ensuring a Single Market for wholesale financial services ; -* open and secure retail markets and -* state-of-the-art prudential rules and supervision ;
Finantsteenuste tegevuskava 1999-2005 siht oli luua eeldused tõhusaks finantsturuks Euroopa Liidus , järgides kolme strateegilist eesmärki : -* hulgimüügiturul pakutavate finantsteenuste ühtse turu loomine , -* avatud ja kindlad jaeturud ning -* ajakohased usaldatavusnormatiivid ja järelevalve .
In this context , based on the « Basel II » G-10 agreement , a new capital requirements framework was adopted in June 2006 as the Capital Requirements Directive ( CRD ) ; this comprises Directives 2006/48 / EC and 2006/49 / EC .
Eelnevat arvestades ja Basel II G-10 kokkuleppele toetudes võeti 2006 . aasta juunis vastu uus kapitalinõuete raamistik : kapitalinõuete direktiiv , mis hõlmab direktiive 2006/48 / EÜ ja 2006/49 / EÜ .
The overarching goal of the current proposal is to ensure that the effectiveness of the Capital Requirements Directive is not compromised .
Käesoleva ettepaneku üldine eesmärk on tagada , et ei seataks ohtu kapitalinõuete direktiivi tõhusust .
The revision relates to : -* Revisions of rules that were brought forward from previous directives , such as the large exposures regime and derogations for bank networks from prudential requirements ;
Läbivaatamine puudutab järgnevat : -* varasematest direktiividest ülevõetud eeskirjade läbivaatamine sellistes valdkondades nagu suure riskide kontsentreerumisega seotud kord ja erandid pangandusvõrkudele usaldatavusnormatiivide täitmisel ;
-* Establishing principles and rules that had not been formalised at the EU level such as the treatment of hybrid capital instruments within original own funds ;
-* selliste põhimõtete ja eeskirjade kehtestamine , mida ei ole ELi tasandil ametlikuks muudetud , näiteks hübriidkapitaliinstrumentide käsitlemine esmaste omavahenditena ;
-* Clarifying the supervisory framework for crisis management and establishing colleges for enhancing both efficiency and effectiveness of supervision .
-* kriisijuhtimise järelevalveraamistiku läbivaatamine ja järelevalveasutuste kolleegiumide loomine järelevalve tõhususe ja tulemuslikkuse suurendamiseks .
The revision of certain other areas has been prompted by the financial market turbulence that started in 2007 and is aimed at ensuring adequate protection of creditor interests and overall financial stability .
Teatavate muude valdkondade läbivaatamine on ajendatud 2007 . aastal alanud finantsturu häiretest ning selle eesmärk on tagada võlausaldajate huvide ja üldise finantsstabiilsuse piisav kaitse .
Inconsistencies that have been identified during the transposition phase of the CRD need to be addressed to ensure that the effectiveness of the underlying goals of the CRD is not compromised .
Kapitalinõuete direktiivi ülevõtmise etapis määratletud ebakõlasid tuleb käsitleda sihiga tagada , et kapitalinõuete direktiivi põhieesmärkide tõhusust ei seata ohtu .
The majority of these are of a technical nature and have been covered by separate comitology measures .
Enamik neist on üsna tehnilise iseloomuga ja neid hõlmavad eraldiseisvad komiteemenetluse meetmed .