natgillin/translations-raw huggingface dataset:
The first reset process will take place in the first quarter of 2012 and the resulting RBRs will become effective as of 15 April 2012.
Minimalne premijske stope za nove i rabljene zrakoplove
The RBRs resulting from subsequent reset processes will be effective as of 15 April of each following year.
UTVRĐIVANJE MINIMALNIH PREMIJSKIH STOPA
Once the RBRs resulting from the annual reset have been determined, the Secretariat shall inform immediately all Participants of the applicable rates and make them publicly available.
U člancima 19. do 61. ovog Dodatka utvrđuju se minimalne premijske stope koje odgovaraju razvrstavanju kupca/korisnika kredita prema riziku (ili primarni izvor otplate transakcije ako je riječ o drugom subjektu).
For each risk category, a Market Reflective Surcharge shall be calculated as follows:
Sudionice mogu pružiti službenu potporu po minimalnoj premijskoj stopi ili većoj od nje ako su ispunjeni sljedeći uvjeti:
where:
transakcija je osigurana imovinom i ispunjava sve sljedeće kriterije:
B is a blend coefficient varying from 0,7 to 0,35 according to each risk category as per Table 4 below.
osiguranje potraživanja prvenstvenog reda iz vrijednosti aviona i motorâ ili u vezi s njima
MCS is a 90-day moving average of Moody's Median Credit Spreads (MCS) with an average life of 7 years.
u slučaju najma, prijenos prava i/ili osiguranje potraživanja prvenstvenog reda u vezi s plaćanjem najma
Where risk categories include more than one risk rating, the spreads shall be averaged.
kad je to moguće u okviru primjenjivog pravnog režima, unakrižna klauzula o neispunjavanju financijskih obveza i unakrižno osiguranje svih zrakoplova i motorâ koji su u okviru predloženog financiranja u zakonskom i stvarnom vlasništvu istih stranki
In risk category 1, the BBB- spread shall be used.
transakcija je strukturirana tako da kao minimum uključuje instrumente smanjenja rizika iz tablice 1. u nastavku teksta:
The MCS spreads shall be discounted by 50 % to account for the asset-security.
Tablica 1.
The MCS discounted spreads shall then be adjusted by a blend factor ranging from 70 % to 35 % as per Table 4 below, applied on the difference between the MCS discounted spreads and the RBR.
Instrumenti smanjenja rizika
Any negative spreads resulting from the blending shall not be deducted.
Kategorija rizika prema SDZ-u
Table 4
Ocjene rizika
Blend Factors
UKUPNO
Risk-Ratings
Od kojih minimalno ‚A’
Blend Factor (%)
AAA do BBB–
The MRS shall be updated on a quarterly basis, as follows:
BB+ i BB
The first update process shall take place in the first quarter of 2011 and the resulting MCS shall become effective as of 15 April 2011; however, until 15 April 2012, the outcome of updates of the MRS applying to Risk Category 1 shall become effective only if they result in an increase of such MRS.
CC do C
The subsequent update processes shall take place in the second, third and fourth quarters of 2011 (and thereon) and the resulting MCS shall become effective respectively on 15 July 2011, 15 October 2011 and 15 January 2012, and thereon.
U smislu članka 19. ovog Dodatka:
Following each update, the Secretariat shall inform immediately all Participants of the applicable MRS and the resulting minimum rates and make them publicly available prior to the date these rates become effective.
sudionice mogu birati među sljedećim instrumentima smanjenja rizika:
The MRS shall be applied only if and when it is positive and exceeds 25 basis points.
Instrumenti smanjenja rizika ‚A’:
The increase in minimum premium rates resulting from the MRS update shall not exceed 10 % of the previous quarterly minimum premium rates.
snižena stopa predujma: svako sniženje stopa predujma iz članka 10. točaka (a) i (b) ovog sektorskog dogovora za pet postotnih bodova odgovara jednom instrumentu smanjenja rizika ‚A’.
The minimum premium rates (which result from adding the risk-based rates and the market reflective surcharge) shall not exceed the risk-based rates by more than 100 %.
U ovom slučaju, sudionica ne odobrava službenu potporu, ni u kakvom obliku, koja premašuje sniženu stopu predujma.
In order to determine the minimum premium rates:
linearna amortizacija: otplata glavnice u jednakim obrocima odgovara jednom instrumentu smanjenja rizika
The following formula shall be used:
skraćeni rok otplate: rok otplate koji nije duži od deset godina odgovara jednom instrumentu smanjenja rizika, neovisno o maksimalnom dozvoljenom roku otplate.
Net MPR = MPR * (1 + RTAS) * (1 + RFAS) * (1 + RMRS) * (1 – CTCD) * (1 + NABS) – CICD
Instrumenti smanjenja rizika ‚B’:
Where:
jamstveni polog: svaki jamstveni polog u iznosu koji je jednak tromjesečnom obroku otplate glavnice i kamata odgovara jednom instrumentu smanjenja rizika.
RTAS represents the repayment term adjustment surcharge set out in Article 12(b) of this Sector Understanding.
Jamstveni polog može biti u obliku gotovine ili stand-by akreditiva.
RFAS represents the repayment frequency adjustment surcharge set out in Articles 13(a)(1) and (2) of this Sector Understanding.
plaćanje najma unaprijed: plaćanje najma u iznosu koji je jednak tromjesečnom obroku otplate glavnice i kamata izvršava se tri mjeseca prije svakog datuma otplate
RMRS represents the risk mitigant replacement surcharge set out in Article 20(b) of this Appendix.
rezerve za održavanje, čiji oblik i iznos odražava najbolju praksu na tržištu.
CTCD represents the Cape Town Convention Discount set out in Article 38 of this Appendix.
Podložno prethodnoj obavijesti, jedan od instrumenata smanjenja rizika ‚A’ može se zamijeniti dodatnom naknadom od 15 % na primjenjivu minimalnu premijsku stopu.
NABS represents the non-asset-backed surcharge set out in Articles 57(a)(4), 57(b) and 59(b) of this Appendix, as applicable.
Minimalne premijske stope koje se primjenjuju na transakciju mogu se odrediti prije isporuke, pri preuzimanju obveze, na datum konačne obveze ili na početku razdoblja držanja premije uz utvrđeno trajanje.
CICD represents the conditional insurance coverage discount set out in Article 56(a) of this Appendix.
Konačni iznos premije koja se plaća unaprijed ili tijekom trajanja kredita, ili kao kombinacija ta dva načina plaćanja, koji se primjenjuju na transakciju, u skladu su s utvrđenom minimalnom premijskom stopom i obveznim instrumentima smanjenja rizika iz članka 19. točke (b) ovog Dodatka od dana utvrđivanja minimalnih premijskih stopa.
Premium may be paid either upfront or, over the life of the facility, as spreads expressed in basis points per annum, or in any combination of upfront rates and spreads.
Ti uvjeti primjenjuju se za cijelo trajanje razdoblja držanja premije i mogu se revidirati tek nakon isteka tog razdoblja, pri čemu se primjenjuju minimalne premijske stope i obvezni instrument smanjenja rizika iz tada važećeg SDZ-a, koje se može utvrditi i za naredno razdoblje držanja premije.
The upfront rates and spreads shall be calculated using the premium rate conversion model (PCM) so that the premium payable for a given transaction has the same NPV whether payable upfront, as a spread over the life of the facility, or a combination thereof.
U skladu s člankom 11. ovog sektorskog dogovora primjenjive minimalne premijske stope sastavljene su od minimalnih stopa koje se temelje na riziku (RBR) na koje se, u skladu s člancima 23. do 36. u nastavku teksta, primjenjuje dodatna naknada koja odražava tržišne uvjete (MRS).
In transactions where, prior to the commencement of cover, terms are agreed or stipulated, which entail a reduction in the weighted average life, an upfront rate (calculated using the PCM) may be charged, which in terms of the resulting premium payable, corresponds to that payable in NPV terms under the spreads.
Od stupanja na snagu ovog sektorskog dogovora RBR-ovi su sljedeći:
The applicable minimum premium rates as of the initial effective date of this Sector Understanding (1 February 2011) are set out in Table 5 below.
Tablica 2.
Table 5
Stope koje se temelje na riziku
Minimum Premium Rates
Raspon (u baznim bodovima)
(12-year repayment term, asset-backed transactions)
Avansno (u %)
Risk Category
RBR-ovi se ažuriraju na godišnjoj osnovi, na temelju četverogodišnjeg kliznog prosjeka godišnjeg gubitka nastalog zbog neispunjenja obveze (LGD) izračunanog po modelu agencije Mooody's.
Risk Classification
Odgovarajući LGD za ovo ažuriranje temelji se na bankovnim kreditima osiguranima založnim pravima prvenstvenog reda te se izračunava kako slijedi
Per Annum Spreads (bps)
Tablica 3.
Up-Front (%)
Utvrđivanje LGD-a
REDUCTIONS OF THE MINIMUM PREMIUM
Četverogodišnji klizni prosjek
Subject to the provisions of Article 38 of this Appendix, a reduction of the minimum premium rates established in accordance with sub-Section I above shall be allowed if:
Razmatrani LGD
The asset-backed transaction relates to an aircraft object within the meaning of the Cape Town Protocol on Matters Specific to Aircraft Equipment,
Faktor prilagodbe RBR-a utvrđuje se kako slijedi:
The operator of the aircraft object (and, if different, the borrower/buyer or lessor if, in the view of the Participant providing the official support, the structure of the transaction so warrants) is situated in a State which, at the time of disbursement in respect of the aircraft object, appears on the list of States which qualify for the reduction of the minimum premium rates (“Cape Town List”), and where applicable, in a territorial unit of that State that qualifies under Article 40 of this Appendix, and
Za utvrđivanje ažuriranih RBR-ova, faktor prilagodbe RBR-a množi se s RBR-ovima iz Tablice 2.
The transaction relates to an aircraft object registered on the International Registry established pursuant to the Cape Town Convention, and the Aircraft Protocol thereto (Cape Town Convention or CTC).
Prvo ažuriranje provodi se u prvom tromjesečju 2012., a tako dobiveni RBR-ovi stupaju na snagu od 15. travnja 2012.
The reduction of the minimum premium rates established in accordance with sub-Section I above shall not exceed 10 % of the applicable minimum premium rate.
RBR-ovi dobiveni daljnjim ažuriranjima stupaju na snagu 15. travnja svake sljedeće godine.
In order to be included on the Cape Town List, a State shall:
Nakon što se utvrde RBR-ovi dobiveni slijedom godišnjeg ažuriranja, tajništvo odmah izvješćuje sve sudionice o primjenjivim stopama i čini ih javno dostupnima.
Be a Contracting Party to the Cape Town Convention;
Za svaku kategoriju rizika izračunava se dodatna naknada koja odražava tržišne uvjete (MRS) kako slijedi:
Have made the qualifying declarations set out in Annex 1 to this Appendix; and
gdje je:
Have implemented the Cape Town Convention, including the qualifying declarations, in its laws and regulations, as required, in such a way that the Cape Town Convention commitments are appropriately translated into national law.
B koeficijent ponderiranja koji varira od 0,7 do 0,35 ovisno o kategoriji rizika u skladu s tablicom 4. u nastavku
To qualify under Article 37 of this Appendix, a territorial unit shall:
MCS 90-dnevni klizni prosjek srednjih vrijednosti kreditnih raspona agencije Moody's (MCS) s prosječnim trajanjem od 7 godina
Be a territorial unit to which the Cape Town Convention has been extended;
Ako kategorije rizika obuhvaćaju više od jedne ocjene rizika, utvrđuje se prosječni raspon.
Be a territorial unit in respect of which the qualifying declarations set out in Annex 1 to this Appendix apply; and
U kategoriji rizika 1 koristi se raspon BBB–.
An initial agreed Cape Town List shall be provided by the Participants to the Secretariat prior to the entry into force of this Sector Understanding.
MCS-ovi se diskontiraju za 50 % kako bi se uzelo u obzir osiguranje imovinom.
Updates to the Cape Town List shall be made in accordance with Articles 42 to 54 of this Appendix.
Diskontirani MCS-ovi se zatim prilagođavaju primjenom faktora ponderiranja, koji varira od 70 % do 35 %, u skladu s tablicom 4., na razliku između diskontiranih MCS-ova i RBR-ova.
Any Participant or non-Participant which provides official support for aircraft may propose to the Secretariat the addition of a State to the Cape Town List.
Ako je rezultat te operacije negativni raspon, on se ne oduzima.
Such proposal shall include, with respect to such State:
Tablica 4.
All the relevant information in respect of the date of deposit of the Cape Town Convention ratification or accession instruments with the Depositary;
Faktori ponderiranja
A copy of the declarations made by the State which is proposed to be added to the Cape Town List;
Ocjene rizika
All relevant information in respect of the date on which the Cape Town Convention and the qualifying declarations have entered into force;
Faktor ponderiranja (u %)
An analysis which outlines the steps that the State which is proposed to be added to the Cape Town List has taken to implement the Cape Town Convention including the qualifying declarations in its laws and regulations, as required to ensure that the Cape Town Convention commitments are appropriately translated into national law; and
MRS-ovi se ažuriraju na tromjesečnoj osnovi kako slijedi:
A duly completed questionnaire, the form of which is attached at Annex 2 of this Appendix (“CTC Questionnaire”) completed by at least one law firm qualified to give legal advice in relation to the relevant jurisdiction of the State which is proposed to be added to the Cape Town List.
Prvo ažuriranje provodi se u prvom tromjesečju 2011., a tako dobiveni MCS-ovi stupaju na snagu od 15. travnja 2011.
The completed CTC Questionnaire shall specify:
Međutim, do 15. travnja 2012. ishod ažuriranja MRS-ova primjenjivih na kategoriju rizika 1 primjenjuje se samo ako takva ažuriranja dovode do povećanja tih MRS-ova.
The name(s) and office address(es) of the responding law firm(s);
Sljedeća ažuriranja provode se u drugom, trećem i četvrtom tromjesečju 2011. (te idućih godina na isti način), a dobiveni MCS-ovi primjenjuju se od 15. srpnja 2011., odnosno 15. listopada 2011. te 15. siječnja 2012. i tako dalje.
The law firm's relevant experience, which could include experience in legislative and constitutional processes as they relate to the implementation of international treaties in the State, and specific experience in CTC related issues including any experience in advising either a government on implementation and enforcement of the Cape Town Convention or the private sector, or enforcement of creditor's rights in the State which is proposed to be added to the Cape Town List;
Nakon svakog ažuriranja tajništvo odmah izvješćuje sve sudionice o primjenjivim MRS-ovima i posljedičnim minimalnim stopama te ih objavljuje prije njihova stupanja na snagu.
Whether the law firm is involved or intends to be involved in any transactions that may benefit from a reduction of minimum premium rates if the proposed State is added to the CTC list; and
MRS-ovi se primjenjuju samo ako je pozitivan i iznosi više od 25 baznih bodova.
The date on which the CTC Questionnaire has been completed.
Povećanje minimalnih premijskih stopa koje proizlazi iz ažuriranja MRS-ova ne smije iznositi više od 10 % minimalnih premijskih stopa iz prethodnog tromjesečja.
The Secretariat shall circulate an OLIS message within five working days containing the proposal.
Minimalne premijske stope (koje se utvrđuju zbrajanjem RBR-ova i MRS-ova) ne smiju premašivati RBR-ove za više od 100 %.
Any Participant or non-Participant which provides official support for aircraft may propose that a State be removed from the Cape Town List if they are of the view that such State has taken actions that are inconsistent with, or failed to take actions that are required by virtue of, that State's Cape Town Convention commitments.
Za utvrđivanje minimalnih premijskih stopa:
To that end, the Participant or non-Participant shall include in a proposal for removal from the Cape Town List, a full description of the circumstances that have given rise to the proposal for deletion, such as any State actions that are inconsistent with its Cape Town Convention commitments, or any failure to maintain or enforce legislation required by virtue of that State's Cape Town Convention commitments.
Upotrebljava se sljedeća formula:
The Participant or non-Participant who submits the proposal for removal from the Cape Town List shall provide any supporting documentation that may be available, and the Secretariat shall circulate an OLIS message within five working days containing such proposal.
neto MPR = MPR × (1 + RTAS) × (1 + RFAS) × (1 + RMRS) × (1 – CTCD) × (1 + NABS) – CICD
Any Participant or non-Participant which provides official support for aircraft may propose the reinstatement of a State that has been previously removed from the Cape Town List, where such reinstatement is justified by subsequent corrective actions or events.
pri čemu:
Such a proposal shall be accompanied by a description of the circumstances that gave rise to the removal of the State as well as a report of the subsequent corrective actions in support of reinstatement.
RTAS označava naknadu za prilagodbu roka otplate određenu člankom 12. točkom (b) ovog sektorskog dogovora
The Secretariat shall circulate an OLIS message within five working days containing such proposal.
RFAS označava naknadu za prilagodbu učestalosti otplate određenu člankom 13. točkom (a) podtočkama 1. i 2. ovog sektorskog dogovora
The Participants may either agree to or challenge a proposal brought forward under Articles 42 to 45 of this Appendix within 20 working days from the date of submission of the proposal (“Period 1”).
RMRS označava naknadu za zamjenu instrumenta smanjenja rizika utvrđenu člankom 20. točkom (b) ovog Dodatka
If at the end of Period 1, and in the case of Article 44 of this Appendix unless the proposal has been withdrawn by the proposing Participant or non-Participant providing evidence of corrective actions or events, no challenge has been made to the proposal, the proposed update to the Cape Town List is deemed to have been accepted by all Participants.
CTCD označava popust, utvrđen Konvencijom iz Cape Towna, predviđen člankom 38. ovog Dodatka
The Secretariat will modify the Cape Town List accordingly and send an OLIS message within five working days.
NASB označava naknadu za transakcije koje nisu osigurane imovinom utvrđenu člankom 57. točkom (a) podtočkom 4., člankom 57. točkom (b) i člankom 59. točkom (b) ovog Dodatka, ako je primjenjivo
The updated Cape Town List shall take effect on the date of that message.
CICD označava popust za uvjetno pokriće osiguranjem utvrđen člankom 56. točkom (a) ovog Dodatka.
In the event of a challenge to the proposed update of the Cape Town List, the challenging Participant or Participants shall, within Period 1, provide a written explanation of the basis of the challenge.
Premije se mogu platiti avansno ili za vrijeme trajanja instrumenta kao godišnji raspon izražen u baznim bodovima ili u bilo kojoj kombinaciji avansnih stopa i raspona.
Following circulation by the OECD Secretariat to all Participants of the written challenge, the Participants shall make best efforts to come to an agreement within a further ten working day period (“Period 2”).
Avansne stope i rasponi izračunavaju se primjenom modela konverzije premijskih stopa (PCM) tako da je iznos premije za određenu transakciju u smislu neto sadašnje vrijednosti jednak, bilo da je riječ o avansnom plaćanju, plaćanju za vrijeme trajanja instrumenta ili o njihovoj kombinaciji.
The Participants shall inform the Secretariat of the outcome of their discussions.
Za transakcije za koje su prije početka pokrića dogovoreni ili utvrđeni uvjeti koji podrazumijevaju skraćenje ponderiranog prosječnog razdoblja može se zaračunati avansna stopa (izračunana na temelju PCM-a), a tako dobivena premija odgovara neto sadašnjoj vrijednosti premije plativoj u obliku raspona.
If an agreement is reached during Period 2, the Secretariat will, if necessary, update the Cape Town List accordingly and send an OLIS message in the following five working days.
Minimalne premijske stope koje se primjenjuju od prvog stupanja na snagu ovog sektorskog dogovora (1. veljače 2011.) utvrđene se u tablici 5. u nastavku.
If no agreement is reached during Period 2, the Chairman of the Participants to this Sector Understanding (hereafter “the Chairman”) will make her/his best efforts to facilitate a consensus between the Participants, within twenty working days (“Period 3”) immediately following Period 2.
Tablica 5.
If at the end of Period 3, no consensus is reached, a final resolution shall be achieved through the following procedures:
Minimalne premijske stope
The Chairman shall make a written recommendation with respect to the proposed update of the Cape Town List.
(rok otplate od 12 godina, transakcije osigurane imovinom)
The Chairman's recommendation shall reflect the majority view emerging from the views openly expressed by at least the Participants which provide official support for aircraft exports.
Kategorija rizika
In the absence of a majority view, the Chairman shall make a recommendation based exclusively on the views expressed by the Participants and shall set out in writing the basis for the recommendation, including in the case of ineligibility, the eligibility criteria that were not met.
Razvrstavanje prema riziku
The Chairman's recommendation shall not disclose any information relating to Participants' views or positions expressed in the context of the process set out in Articles 42 to 51 of this Appendix, and
Godišnji rasponi (u baznim bodovima)
The Participants shall accept the recommendation of the Chairman.
Avansno (u %)
If, following a proposal submitted under Article 42 of this Appendix, the Participants or Chairman has determined that a State is not eligible to be added to the Cape Town List, a Participant or non-Participant may submit another proposal requesting that the Participants reconsider the State's eligibility.
SMANJENJA MINIMALNIH PREMIJA
The proposing Participant or non-Participant shall address the reasons substantiating the original determination of ineligibility.
Podložno odredbama članka 38. ovog Dodatka smanjenje minimalnih premijskih stopa utvrđenih u skladu s prethodnim pododjeljkom I. dopušta se u sljedećim slučajevima:
The proposing Participant or non-Participant shall also obtain and provide an updated CTC questionnaire.
ako se transakcija osigurana imovinom odnosi na zrakoplovni objekt u smislu Protokola uz Konvenciju iz Cape Towna o pitanjima koja se odnose na opremu zrakoplova
This new proposal shall be subject to the process set out in Articles 46 to 52 of this Appendix.
ako operater zrakoplovnog objekta (i korisnik kredita/kupac ili najmodavac, u slučaju da se razlikuju od operatera, ako je po mišljenju sudionice koja pruža službenu potporu to opravdano s obzirom na strukturu transakcije) ima sjedište u državi koja je u vrijeme isplate povezane s dotičnim zrakoplovnim objektom uvrštena na popis država koje ispunjavaju uvjete za smanjenje minimalnih premijskih stopa (‚popis Konvencije iz Cape Towna’) i, ako je primjenjivo, u teritorijalnoj jedinici države koja ispunjava uvjete iz članka 40. ovog Dodatka i
In the event of any change to the list of qualified countries pursuant to the procedures set out in Article 50 of this Appendix, the Secretariat shall issue an OLIS message containing the updated Cape Town List within five working days of such change.
ako se transakcija odnosi na zrakoplovni objekt registriran u međunarodnom registru koji je uspostavljen u skladu s Konvencijom iz Cape Towna i njezinim Protokolom o zrakoplovima (CTC).
The addition, withdrawal or reinstatement of a State to the Cape Town List after disbursement in respect of an aircraft shall not affect MPRs established regarding such aircraft.
Smanjenje minimalnih premijskih stopa utvrđenih u skladu s prethodnim pododjeljkom I. ne smije prelaziti 10 % primjenjive minimalne premijske stope.
In the context of the process set out in Articles 42 to 52 of this Appendix, the Participants shall not disclose any information relating to views or positions expressed.
Da bi bila uvrštena u popis Konvencije iz Cape Towna, država mora:
The Participants shall monitor the implementation of Articles 42 to 54 of this Appendix and review it in the first half of 2012, annually thereafter or upon the request of any Participant.
biti ugovorna strana Konvencije iz Cape Towna