natgillin/translations-raw huggingface dataset:
These hedging sets correspond to risk factors for which risk positions of opposite sign can be offset to yield a net risk position on which the exposure measure is then based;
Ti nizi varovanj ustrezajo dejavnikom tveganja, za katere se tveganosti pozicije z nasprotnimi predznaki lahko izravnajo, da se dobi neto tveganost pozicije, na kateri potem temelji mera izpostavljenosti;
RPTij = risk position from transaction i with respect to hedging set j;
RPTij = tveganost pozicije iz posla i glede na niz varovanj j;
RPClj = risk position from collateral l with respect to hedging set j;
RPClj = tveganost pozicije iz zavarovanja s premoženjem l glede na niz varovanj j;
CCRMj = CCR Multiplier set out in Table 5 with respect to hedging set j;
CCRMj = multiplikator CCR iz tabele 5 za niz varovanj j;
Collateral received from a counterparty has a positive sign and collateral posted to a counterparty has a negative sign.
Zavarovanje s premoženjem, prejeto od nasprotne stranke, ima pozitiven predznak; zavarovanje s premoženjem, dano nasprotni stranki, ima negativen predznak.
Collateral that is recognised for this method is confined to the collateral that is eligible under point 11 of Part 1 of Annex VIII to this Directive and point 9 of Annex II to Directive 2006/49/EC.
Zavarovanje s premoženjem, ki je primerno na podlagi odstavka 11 dela 1 Priloge VIII in odstavka 9 Priloge II Direktive 2006/49/ES, je priznano za to metodo.
When an OTC derivative transaction with a linear risk profile stipulates the exchange of a financial instrument for a payment, the payment Part is referred to as the payment leg.
Če posel z izvedenim finančnim instrumentom z linearnim profilom tveganja, s katerim se trguje na prostem trgu (OTC), določa izmenjavo finančnega instrumenta za plačilo, se plačilni del obravnava kot plačilna stran.
Transactions that stipulate the exchange of payment against payment consist of two payment legs.
Posli, ki določajo izmenjavo plačila proti plačilu, so sestavljeni iz dveh plačilnih strani.
The payment legs consist of the contractually agreed gross payments, including the notional amount of the transaction.
Plačilni strani sta sestavljeni iz bruto plačil, dogovorjenih v pogodbi, vključno z nominalnim zneskom posla.
Credit institutions may disregard the interest rate risk from payment legs with a remaining maturity of less than one year for the purposes of the following calculations.
Kreditne institucije lahko zanemarijo tveganje obrestne mere iz plačilnih strani s preostalo zapadlostjo manj kakor eno leto za namene naslednjih izračunov.
Credit institutions may treat transactions that consist of two payment legs that are denominated in the same currency, such as interest rate swaps, as a single aggregate transaction.
Kreditne institucije lahko obravnavajo posle, ki jih sestavljata dve plačilni strani, denominirani v isti valuti, kot so zamenjave obrestnih mer, kot en sam agregiran posel.
The treatment for payment legs applies to the aggregate transaction.
Obravnava plačilnih strani se uporablja za agregiran posel.
Transactions with a linear risk profile with equities (including equity indices), gold, other precious metals or other commodities as the underlying financial instruments are mapped to a risk position in the respective equity (or equity index) or commodity (including gold and other precious metals) and an interest rate risk position for the payment leg.
Posli z linearnim profilom tveganja, pri katerih so osnovni finančni instrumenti lastniški finančni instrumenti (vključno z delniškimi indeksi), zlato, druge plemenite kovine ali drugo blago, so vzporejeni s tveganostjo pozicij v ustreznem lastniškem finančnem instrumentu (vključno z delniškim indeksom) ali blagu (vključno z zlatom ali drugimi plemenitimi kovinami) in s tveganostjo pozicij iz naslova obrestne mere za plačilno stran.
If the payment leg is denominated in a foreign currency, it is additionally mapped to a risk position in the respective currency.
Če je plačilna stran denominirana v tuji valuti, je poleg tega vzporejena še s tveganostjo pozicije v ustrezni valuti.
Transactions with a linear risk profile with a debt instrument as the underlying instrument are mapped to an interest rate risk position for the debt instrument and another interest rate risk position for the payment leg.
Posli z linearnim profilom tveganja, pri katerih je osnovni instrument dolžniški finančni instrument, so vzporejeni s tveganostjo pozicije iz naslova obrestne mere za dolžniški finančni instrument in z drugo tveganostjo pozicije iz naslova obrestne mere za plačilno stran.
If a payment leg is denominated in foreign currency, the payment leg is again mapped to a risk position in this currency.
Če je plačilna stran denominirana v tuji valuti, je plačilna stran poleg tega vzporejena še s tveganostjo pozicije v tej valuti.
The exposure value assigned to a foreign exchange basis swap transaction is zero.
Vrednost izpostavljenosti zamenjave osnove v tuji valuti je enaka nič.
The size of a risk position from a transaction with linear risk profile is the effective notional value (market price multiplied by quantity) of the underlying financial instruments (including commodities) converted to the credit institution's domestic currency, except for debt instruments.
Velikost tveganosti pozicije iz posla z linearnim profilom tveganja je dejanska nominalna vrednost (tržna vrednost, pomnožena s količino) osnovnih finančnih instrumentov (vključno z blagom), izražena v domači valuti kreditne institucije, razen za dolžniške finančne instrumente.
For debt instruments and for payment legs, the size of the risk position is the effective notional value of the outstanding gross payments (including the notional amount) converted to the credit institution's domestic currency, multiplied by the modified duration of the debt instrument, or payment leg, respectively.
Za dolžniške finančne instrumente in za plačilne strani je velikost tveganosti pozicije dejanska nominalna vrednost neplačanih bruto plačil (vključno z nominalnim zneskom), izražena v domači valuti kreditne institucije in pomnožena z modificiranim trajanjem dolžniškega finančnega instrumenta oziroma plačilne strani.
The size of a risk position from a credit default swap is the notional value of the reference debt instrument multiplied by the remaining maturity of the credit default swap.
Velikost tveganosti pozicije iz zamenjave neplačil je nominalna vrednost referenčnega dolžniškega instrumenta, pomnožena s preostalo zapadlostjo zamenjave neplačil.
The size of a risk position from an OTC derivative with a non‐linear risk profile, including options and swaptions, is equal to the delta equivalent effective notional value of the financial instrument that underlies the transaction, except in the case of an underlying debt instrument.
Velikost tveganosti pozicije za izvedene finančne instrumente z nelinearnim profilom tveganja, s katerimi se trguje na prostem trgu (OTC), vključno z opcijami in opcijami na zamenjavo obrestnih mer (swaptions), je enaka delta ekvivalentu dejanske nominalne vrednosti osnovnega finančnega instrumenta v transakciji, razen če je osnovni finančni instrument dolžniški finančni instrument.
The size of a risk position from an OTC derivative with a non‐linear risk profile, including options and swaptions, of which the underlying is a debt instrument or a payment leg, is equal to the delta equivalent effective notional value of the financial instrument or payment leg multiplied by the modified duration of the debt instrument, or payment leg, respectively.
Velikost tveganosti pozicije izvedenega finančnega instrumenta z nelinearnim profilom tveganja, s katerim se trguje na prostem trgu (OTC), vključno z opcijami in opcijami na zamenjavo obrestnih mer (swaptions), pri katerih je osnova dolžniški instrument ali plačilna stran, je enaka delta ekvivalentu dejanske nominalne vrednosti finančnega instrumenta ali plačilne strani, pomnožene z modificiranim trajanjem dolžniškega instrumenta oziroma plačilne strani.
For the determination of risk positions, collateral received from a counterparty is to be treated as a claim on the counterparty under a derivative contract (long position) that is due today, while collateral posted is to be treated like an obligation to the counterparty (short position) that is due today.
Za določitev tveganosti pozicije se zavarovanje s premoženjem, prejeto od nasprotne stranke, obravnava kot terjatev do nasprotne stranke na podlagi pogodbe o izvedenem finančnem instrumentu (dolga pozicija), ki zapade na današnji dan, medtem ko se dano zavarovanje s premoženjem obravnava kot obveznost do nasprotne stranke (kratka pozicija), ki zapade na današnji dan.
Credit institutions may use the following formulae to determine the size and sign of a risk position:
Kreditne institucije lahko uporabijo naslednje formule za določitev velikosti in predznaka tveganosti pozicije:
for all instruments other than debt instruments:
za vse instrumente razen dolžniških instrumentov:
effective notional value, or
dejanska nominalna vrednost ali delta ekvivalent
delta equivalent notional value = pref
nominalna vrednost = pref
Pref = price of the underlying instrument, expressed in the reference currency;
pref = cena osnovnega instrumenta, izražena v referenčni valuti;
V = value of the financial instrument (in the case of an option this is the option price and in the case of a transaction with a linear risk profile this is the value of the underlying instrument itself);
V = vrednost finančnega instrumenta (v primeru opcije: cena opcije; v primeru posla z linearnim profilom tveganja: je vrednost samega osnovnega instrumenta);
p = price of the underlying instrument, expressed in the same currency as V;
p = cena osnovnega instrumenta, izražena v isti valuti kakor V;
for debt instruments and the payment legs of all transactions:
za dolžniške instrumente in plačilne strani vseh poslov:
effective notional value multiplied by the modified duration, or
dejanska nominalna vrednost, pomnožena z modificiranim trajanjem, ali
delta equivalent in notional value multiplied by the modified duration
delta ekvivalent v nominalni vrednosti, pomnoženi z modificiranim trajanjem
V = value of the financial instrument (in the case of an option this is the option price and in the case of a transaction with a linear risk profile this is the value of the underlying instrument itself or of the payment leg, respectively);
V = vrednost finančnega instrumenta (v primeru opcije: cena opcije; v primeru posla z linearnim profilom tveganja: vrednost samega osnovnega instrumenta oziroma plačilne strani);
r = interest rate level.
r = raven obrestne mere.
If V is denominated in a currency other than the reference currency, the derivative must be converted into the reference currency by multiplication with the relevant exchange rate.
Če je V denominirana v valuti, ki ni referenčna valuta, potem mora biti vrednost izvedenega finančnega instrumenta pretvorjena v referenčno valuto tako, da se pomnoži z ustreznim menjalnim tečajem.
The risk positions are to be grouped into hedging sets.
Tveganost pozicij se razvrščajo v nize varovanj.
For each hedging set, the absolute value amount of the sum of the resulting risk positions is computed.
Za vsak niz varovanja se izračuna absolutni znesek vsote tveganosti pozicij, ki izhajajo iz niza.
This sum is termed the ‘net risk position’ and is represented by:
Vsota se imenuje „neto tveganost pozicije“ in je navedena kot:
in the formulae set out in paragraph 1.
v formulah, navedenih v odstavku 1 zgoraj.
For interest rate risk positions from money deposits received from the counterparty as collateral, from payment legs and from underlying debt instruments, to which according to Table 1 of Annex I to Directive 2006/49/EC a capital charge of 1,60 % or less applies, there are six hedging sets for each currency, as set out in Table 4 below.
Za tveganost pozicije iz naslova obrestne mere za denarne depozite, prejete od nasprotne stranke kot zavarovanje s premoženjem, za plačilne strani in za osnovne dolžniške instrumente, za katere se v skladu s tabelo 1 v Prilogi I Direktive 2006/49/ES uporablja utež 1,60 % ali manj, obstaja šest nizov varovanja za vsako valuto, navedenih v tabeli 4 spodaj.
Hedging sets are defined by a combination of the criteria ‘maturity’ and ‘referenced interest rates’.Table 4
Nizi varovanja so opredeljeni s kombinacijo kriterijev „zapadlost“ in „odražajoče obrestne mere“.Tabela 4
Government referenced interest rates
Obrestna mera, ki odraža državne obrestne mere
Non‐government referenced interest rates
Obrestna mera, ki odraža nedržavne obrestne mere
Maturity
Zapadlost
← 1 year
← 1 leto
>1 — ← 5 years
>1 – ← 5 let
> 5 years
> 5 let
For interest rate risk positions from underlying debt instruments or payment legs for which the interest rate is linked to a reference interest rate that represents a general market interest level, the remaining maturity is the length of the time interval up to the next re‐adjustment of the interest rate.
Za tveganost pozicije iz naslova obrestne mere za osnovne dolžniške instrumente ali plačilnih strani, za katere je obrestna mera povezana z referenčno obrestno mero, ki predstavlja splošno tržno raven obrestne mere, je preostala zapadlost čas trajanja do naslednje prilagoditve obrestne mere.
In all other cases, it is the remaining life of the underlying debt instrument or in the case of a payment leg, the remaining life of the transaction.
V vseh drugih primerih je ta preostala zapadlost enaka obdobju do zapadlosti osnovnega dolžniškega instrumenta, ali v primeru plačilne strani, pa preostali čas trajanja posla.
There is one hedging set for each issuer of a reference debt instrument that underlies a credit default swap.
Za vsakega izdajatelja referenčnega dolžniškega instrumenta, ki je osnova za zamenjavo neplačil, obstaja en niz varovanj.
For interest rate risk positions from money deposits that are posted with a counterparty as collateral when that counterparty does not have debt obligations of low specific risk outstanding and from underlying debt instruments, to which according to Table 1 of Annex I to Directive 2006/49/EC a capital charge of more than 1,60 % applies, there is one hedging set for each issuer.
Za tveganost pozicije iz naslova obrestne mere za denarne depozite, ki so vloženi s strani nasprotne stranke kot zavarovanje s premoženjem, če nasprotna stranka nima neplačanih obveznosti z nizkim posebnim tveganjem, in za osnovne dolžniške instrumente, za katere se v skladu s tabelo 1 v Prilogi I Direktive 2006/49/ES uporablja utež več kakor 1,60 %, obstaja en niz varovanj za vsakega izdajatelja.
When a payment leg emulates such a debt instrument, there is also one hedging set for each issuer of the reference debt instrument.
Kadar plačilna stran posnema tak dolžniški instrument, obstaja tudi en niz varovanj za vsakega izdajatelja referenčnega dolžniškega instrumenta.
Credit institutions may assign risk positions that arise from debt instruments of a certain issuer, or from reference debt instruments of the same issuer that are emulated by payment legs, or that underlie a credit default swap, to the same hedging set.
Kreditne institucije lahko razporedijo v isti niz varovanj tveganosti pozicije, ki nastanejo iz naslova dolžniških instrumentov nekaterih izdajateljev, ali iz naslova referenčnih dolžniških instrumentov istega izdajatelja, ki jih posnemajo plačilne strani, ali ki so osnova za zamenjavo neplačil.
Underlying financial instruments other than debt instruments shall be assigned to the same respective hedging sets only if they are identical or similar instruments.
Osnovni finančni instrumenti, ki niso dolžniški instrumenti se razporedijo v isti niz varovanj le, če so medsebojno popolnoma enaki ali podobni instrumenti.
In all other cases they shall be assigned to separate hedging sets.
V vseh drugih primerih se razporedijo v različne nize varovanj.
The similarity of instruments is established as follows:
Podobnost instrumentov se ugotavlja na naslednji način:
for equities, similar instruments are those of the same issuer.
za lastniške instrumente, so podobni instrumenti, če so od istega izdajatelja.
An equity index is treated as a separate issuer;
Delniški indeks se obravnava kot poseben izdajatelj;
for precious metals, similar instruments are those of the same metal.
za plemenite kovine so podobni instrumenti, če gre za isto kovino.
A precious metal index is treated as a separate precious metal;
Indeks plemenitih kovin se obravnava kot posebna plemenita kovina;
for electric power, similar instruments are those delivery rights and obligations that refer to the same peak or off‐peak load time interval within any 24‐hour interval; and
glede električne energije so podobni instrumenti, če se pravice in obveznosti dobave po njih nanašajo na isti interval konice porabe ali interval manjše porabe v katerem koli 24-urnem obdobju; in
for commodities, similar instruments are those of the same commodity.
za blago so podobni instrumenti, če so iste vrste blaga.
A commodity index is treated as a separate commodity.
Indeks na blago se obravnava kot posebno blago.
The CCR multipliers (CCRM) for the different hedging set categories are set out in Table 5 below:Table 5
Multiplikatorji CCR (CCRM) za različne kategorije nizov varovanj so navedeni v tabeli 5 spodaj.Tabela 5
Hedging set categories
Kategorije nizov varovanj
Interest Rates
Obrestne mere
Interest Rates for risk positions from a reference debt instrument that underlies a credit default swap and to which a capital charge of 1,60 %, or less, applies under Table 1 of Annex I to Directive 2006/49/EC
Obrestne mere za tveganost pozicij za referenčni dolžniški instrument, ki je osnova za zamenjavo neplačil in za katere se na podlagi tabele 1 v Prilogi I Direktive 2006/49/ES uporablja utež 1,60 % ali manj
Interest Rates for risk positions from a debt instrument or reference debt instrument to which a capital charge of more than 1,60 % applies under Table 1 of Annex I to Directive 2006/49/EC
Obrestne mere za tveganost pozicij za dolžniški instrument ali referenčni dolžniški instrument, za katerega se na podlagi tabele 1 v Prilogi I Direktive 2006/49/ES uporablja utež več kakor 1,60 %.
Exchange Rates
Menjalni tečaji
Equity
Lastniški instrument
Precious Metals (except gold)
Plemenite kovine (razen zlata)
Other Commodities (excluding precious metals and electricity power)
Drugo blago (razen plemenitih kovin in električne energije)
Underlying instruments of OTC derivatives that are not in any of the above categories
Osnovni instrumenti izvedenih finančnih instrumentov s katerimi se trguje na prostem trgu (OTC), ki ne sodijo v nobeno izmed zgoraj navedenih kategorij
Underlying instruments of OTC derivatives, as referred to in point 10 of Table 5, shall be assigned to separate individual hedging sets for each category of underlying instrument.
Osnovni instrumenti za izvedene finančne instrumente, skaterimi se trguje na prostem trgu (OTC), kakor so navedeni v točki 10 tabele 5, se razporedijo v posebne ločene nize varovanj za vsako kategorijo osnovnega instrumenta.
For transactions with a non‐linear risk profile or for payment legs and transactions with debt instruments as underlying for which the credit institution cannot determine the delta or the modified duration, respectively, with an instrument model that the competent authority has approved for the purposes of determining the minimum capital requirements for market risk, the competent authority shall determine the size of the risk positions and the applicable CCRMjs conservatively.
Za posle z nelinearnim profilom tveganja ali za plačilne strani in posle, v katerih so osnovni instrumenti dolžniški instrumenti, za katere kreditna institucija ne more ugotoviti delte oziroma modificiranega trajanja z modelom, ki ga je odobril pristojni organ za namene določanja minimalnih kapitalskih zahtev za tržno tveganje, pristojni organ konzervativno določi velikost tveganosti pozicij in CCRM, ki se uporablja.
Alternatively, competent authorities may require the use of the method set out in Part 3.
Vendar pa lahko pristojni organi zahtevajo uporabo metode, navedene v delu 3.
Netting shall not be recognised (that is, the exposure value shall be determined as if there were a netting set that comprises just the individual transaction).
Pobot se ne priznava: to pomeni, da se vrednost izpostavljenosti določi, kot da obstaja niz pobotov, ki vsebuje samo posamezen posel.
A credit institution shall have internal procedures to verify that, prior to including a transaction in a hedging set, the transaction is covered by a legally enforceable netting contract that meets the requirements set out in Part 7.
Kreditna institucija ima vzpostavljene ustrezne postopke za preverjanje, da je transakcija pred vključitvijo v niz varovanj vključena v prisilno izvršljiv dvostranski dogovor o pobotu, ki izpolnjuje zahteve, navedene v delu 7.
A credit institution that makes use of collateral to mitigate its CCR shall have internal procedures to verify that, prior to recognising the effect of collateral in its calculations, the collateral meets the legal certainty standards set out in Annex VIII.
Kreditna institucija, ki uporablja zavarovanje s premoženjem za zmanjševanje svojega CCR, ima vzpostavljene postopke za preverjanje, da pred priznanjem vpliva zavarovanja s premoženjem v svojih izračunih, zavarovanje s premoženjem ustreza primernim standardom pravne gotovosti, kakor je navedeno v Prilogi VIII.
Internal Model Method
Metoda notranjih modelov
Subject to the approval of the competent authorities, a credit institution may use the Internal Model Method (IMM) to calculate the exposure value for the transactions in Part 2, paragraph 2(i), or for the transactions in Part 2, point 2(ii), (iii) and (iv), or for the transactions in Part 2, point 2(i) to (iv).
Ob upoštevanju odobritve pristojnih organov lahko kreditna institucija uporablja metodo notranjih modelov (IMM) za izračun vrednosti izpostavljenosti za posle iz odstavka 2(i) dela 2, ali za posle iz odstavka 2(ii) do (iv) dela 2, ali za posle iz odstavka 2(i) do (iv) dela 2.
In each of these cases the transactions in Part 2, point 2(v) may be included as well.
Vsak od teh primerov lahko vključuje tudi posle iz odstavka 2(v) dela 2.
Notwithstanding Part 2, point 1, second paragraph, credit institutions may choose not to apply this method to exposures that are immaterial in size and risk.
Kreditne institucije se lahko odločijo, da ne bodo uporabljale te metode za izpostavljenosti, ki so materialno nepomembne po velikosti in tveganju.
To apply the IMM, a credit institution shall meet the requirements set out in this Part.
Za uporabo IMM kreditna institucija mora izpolnjevati navedene zahteve iz tega dela.
Subject to the approval of the competent authorities, implementation of the IMM may be carried out sequentially across different transaction types, and during this period a credit institution may use the methods set out in Part 3 or Part 5.
Ob upoštevanju, da se odobravanje pristojnih organov za uporabo IMM lahko izvaja postopoma po različnih vrstah poslov, lahko v tem času kreditna institucija uporablja metode iz dela 3 ali dela 5.
Notwithstanding the remainder of this Part, credit institutions shall not be required to use a specific type of model.
Ne glede na ostanek tega dela se od kreditnih institucij ne zahteva uporaba posebnega tipa modela.
For all OTC derivative transactions and for long settlement transactions for which a credit institution has not received approval to use the IMM, the credit institution shall use the methods set out in Part 3 or Part 5.
Za vse posle z izvedenimi finančnimi instrumenti, s katerimi se trguje na prostem trgu (OTC) in za vse transakcije z dolgim rokom poravnave, za katere kreditna institucija ni prejela dovoljenja za uporabo IMM, kreditna institucija uporablja metode iz dela 3 ali dela 5.
Combined use of these two methods is permitted on a permanent basis within a group.
Kombinirana uporaba teh dveh metod je trajno dovoljena znotraj skupine.
Combined use of these two methods within a legal entity is only permitted where one of the methods is used for the cases set out in Part 5, point 19.
Kombinirana uporaba teh dveh metod v okviru pravne osebe se lahko dovoli samo za posle iz odstavka 19 dela 5.