natgillin/translations-raw huggingface dataset:
Any positions which an institution has deliberately taken in order to hedge against the adverse effect of the exchange rate on its capital ratio may be excluded from the calculation of net open currency positions.
Vsaka pozicija, ki jo je institucija namenoma prevzela za varovanje pred neugodnimi učinki tečaja na njeno kapitalsko ustreznost, se lahko izključijo iz izračuna neto odprtih pozicij.
Such positions should be of a non‐trading or structural nature and their exclusion, and any variation of the terms of their exclusion, shall require the consent of the competent authorities.
Take pozicije naj bodo netrgovalne ali strukturne . Za njihovo izključitev in vsako spremembo pogojev njihove izključitve je potrebno soglasje pristojnih organov.
The same treatment subject to the same conditions as above may be applied to positions which an institution has which relate to items that are already deducted in the calculation of own funds.
Pod enakimi pogoji kot zgoraj se lahko obravnavajo tudi pozicije institucije povezane s postavkami, že odštetimi pri izračunu lastnih sredstev.
For the purposes of the calculation referred to in the first paragraph, in respect of CIUs the actual foreign exchange positions of the CIU shall be taken into account.
Za namene izračuna iz prvega pododstavka se v primeru CIU upoštevajo dejanske pozicije v tujih valutah.
Institutions may rely on third party reporting of the foreign exchange positions in the CIU, where the correctness of this report is adequately ensured.
Institucije se lahko zanesejo na poročanje tretje osebe o pozicijah v tujih valutah CIU pri čemer se pravilnost tega poročila ustrezno zagotovi.
If an institution is not aware of the foreign exchange positions in a CIU, it shall be assumed that the CIU is invested up to the maximum extent allowed under the CIU's mandate in foreign exchange and institutions shall, for trading book positions, take account of the maximum indirect exposure that they could achieve by taking leveraged positions through the CIU when calculating their capital requirement for foreign exchange risk.
Če institucija ni zmožna ugotoviti pozicij v tujih valutah CIU, se predpostavlja, da je CIU v skladu s svojo naložbeno politiko v tuje valute investiral do največjega dovoljenega obsega, tako da institucije za pozicije iz trgovalne knjige upošteva največjo posredno izpostavljenost, ki bi jo lahko dosegle s pozicijami v enotah premoženja CIU pri izračunavanju svoje kapitalske zahteve za valutno tveganje.
This shall be done by proportionally increasing the position in the CIU up to the maximum exposure to the underlying investment items resulting from the investment mandate.
To opravijo tako, da pozicijo v enotah premoženja CIU sorazmerno povečajo do najvišje izpostavljenosti v osnovnih naložbenih instrumentih, ki jo dovoljuje naložbena politika CIU.
The assumed position of the CIU in foreign exchange shall be treated as a separate currency according to the treatment of investments in gold, subject to the modification that, if the direction of the CIU's investment is available, the total long position may be added to the total long open foreign exchange position and the total short position may be added to the total short open foreign exchange position.
Hipotetična pozicija CIU v tujih valutah se obravnava kot ločena valuta in sicer enako kot se glede na obravnavojo naložb v zlatu, ob upoštevanju določenih popravkov, in sicer tako, da če je znana usmeritev naložbe CIU, skupna dolga pozicija doda skupni dolgi odprti poziciji v tujih valutah in skupna kratka pozicija pa se lahko doda skupni kratki odprti poziciji v tujih valutah.
There would be no netting allowed between such positions prior to the calculation.
Pred izračunom ni dovoljeno nikakršno pobotanje med temi pozicijami.
The competent authorities shall have the discretion to allow institutions to use the net present value when calculating the net open position in each currency and in gold.
Pristojni organi lahko institucijam dovolijo, da za izračunavanje neto odprtih pozicij v vsaki valuti in v zlatu uporabljajo neto sedanjo vrednost.
Secondly, net short and long positions in each currency other than the reporting currency and the net long or short position in gold shall be converted at spot rates into the reporting currency.
Drugič, neto kratke in dolge pozicije v posamezni valuti, razen valute poročanja, ter neto dolga ali neto kratka pozicija v zlatu se preračunajo v valuto poročanja po promptnih tečajih tujih valut.
They shall then be summed separately to form the total of the net short positions and the total of the net long positions respectively.
Nato se ločeno seštejejo vse neto kratke in vse neto dolge pozicije, tako da dobimo skupno neto kratko pozicijo in skupno neto dolgo pozicijo.
The higher of these two totals shall be the institution's overall net foreign‐exchange position.
Večja od obeh navedenih vsot predstavlja skupno neto pozicijo institucije v tujih valutah.
By derogation from points 1 and 2 and pending further coordination, the competent authorities may prescribe or allow institutions to use the following procedures for the purposes of this Annex.
Z odstopanjem od odstavkov 1 in 2 in do nadaljnje uskladitve lahko pristojni organi institucijam predpišejo ali dovolijo uporabo naslednjih postopkov za namene te priloge.
The competent authorities may allow institutions to provide lower capital requirements against positions in closely correlated currencies than those which would result from applying points 1 and 2 to them.
Pristojni organi lahko institucijam dovolijo, da izračunajo nižjo kapitalsko zahtevo za pozicije v tesno soodvisnih valutah za valutno tveganje od tistih, ki bi jo izračunale z uporabo odstavkov 1 in 2.
The competent authorities may deem a pair of currencies to be closely correlated only if the likelihood of a loss — calculated on the basis of daily exchange‐rate data for the preceding three or five years — occurring on equal and opposite positions in such currencies over the following 10 working days, which is 4 % or less of the value of the matched position in question (valued in terms of the reporting currency) has a probability of at least 99 %, when an observation period of three years is used, or 95 %, when an observation period of five years is used.
Pristojni organi lahko presodijo, da sta dve valuti tesno soodvisni le tedaj, če je verjetnost, da izguba – izračunana na podlagi podatkov o dnevnih tečajih tujih valut za obdobje zadnjih treh ali petih let – pri enakih ali nasprotnih pozicij v takšnih valutah v naslednjih 10 delovnih dneh, ki znaša 4 % ali manj od vrednosti izravnane zadevne pozicije (ocenjena v valuti poročanja), ima verjetnost vsaj 99 %, če je bila uporabljena triletna opazovalna doba, ali 95 %, če je bila uporabljena petletna opazovalna doba.
The own‐funds requirement on the matched position in two closely correlated currencies shall be 4 % multiplied by the value of the matched position.
Kapitalska zahteva za valutno tveganje za izravnane pozicije v dveh tesno soodvisnih valutah znaša 4 %, pomnožena z vrednostjo izravnane pozicije.
The capital requirement on unmatched positions in closely correlated currencies, and all positions in other currencies, shall be 8 %, multiplied by the higher of the sum of the net short or the net long positions in those currencies after the removal of matched positions in closely correlated currencies.
Kapitalska zahteva za valutno tveganje za neizravnane pozicije v tesno soodvisnih valutah in za vse pozicije v drugih valutah je 8 %, pomnožena z višjo od vsot neto kratkih pozicij ali neto dolgih pozicij v teh valutah, po izključitvi izravnanih pozicij v tesno soodvisnih valutah.
The competent authorities may allow institutions to remove positions in any currency which is subject to a legally binding intergovernmental agreement to limit its variation relative to other currencies covered by the same agreement from whichever of the methods described in points 1, 2 and 3.1 that they apply.
Pristojni organi lahko institucijam dovolijo, da izključijo pozicije v vsaki valuti, ki je predmet pravno zavezujočega meddržavnega sporazuma, da omejijo njeno odstopanje oz. spremembo v razmerju do drugih valut, ki jih ureja isti sporazum, iz katere koli metode, opisane v odstavkih 1, 2 in 3.1, ki jih uporabljajo.
Institutions shall calculate their matched positions in such currencies and subject them to a capital requirement no lower than half of the maximum permissible variation laid down in the intergovernmental agreement in question in respect of the currencies concerned.
Institucije izračunajo svoje izravnane pozicije v takšnih valutah in zanje izračunajo kapitalsko zahtevo, ki ni nižja od polovice največjega dovoljenega odstopanja iz navedenega meddržavnega sporazuma v zvezi z zadevnimi tujimi valutami.
Unmatched positions in those currencies shall be treated in the same way as other currencies.
Neizravnane pozicije v teh valutah se obravnavajo na isti način kot druge tuje valute.
By derogation from the first paragraph, the competent authorities may allow the capital requirement on the matched positions in currencies of Member States participating in the second stage of the economic and monetary union to be 1,6 %, multiplied by the value of such matched positions.
Z odstopanjem od prvega pododstavka lahko pristojni organi dovolijo, da kapitalska zahteva za valutno tveganje za izravnane pozicije v valutah držav članic udeleženk v drugi fazi ekonomske in monetarne unije, znaša 1,6 %, pomnožena z vrednostjo takšnih izravnanih pozicij.
Net positions in composite currencies may be broken down into the component currencies according to the quotas in force.
Neto pozicije v sestavljenih valutah se lahko razdelijo na neto pozicije v valutah, ki te sestavljene valute sestavljajo po velikosti, ki odraža kvote valut v sestavljenih valutah.
CALCULATING CAPITAL REQUIREMENTS FOR COMMODITIES RISK
IZRAČUN KAPITALSKE ZAHTEVE ZA TVEGANJE SPREMEMBE CEN BLAGA
Each position in commodities or commodity derivatives shall be expressed in terms of the standard unit of measurement.
Vsaka pozicija v blagu ali pozicija v izvedenih finančnih instrumentih na blago se izrazi v standardnih merskih enotah.
The spot price in each commodity shall be expressed in the reporting currency.
Promptna cena vsake vrste blaga se izrazi v valuti poročanja.
Positions in gold or gold derivatives shall be considered as being subject to foreign‐exchange risk and treated according to Annex III or Annex V, as appropriate, for the purpose of calculating market risk.
Pozicije v zlatu ali pozicije v izvedenih finančnih instrumentih na zlato so predmet valutnega tveganja in se za namen izračunavanja tržnega tveganja obravnavajo v skladu s Prilogo III ali Prilogo V, kot je to primerno.
For the purposes of this Annex, positions which are purely stock financing may be excluded from the commodities risk calculation only.
Za namen te priloge se lahko pozicije, namenjene izključno financiranju blaga oz. zalog, izključijo le iz izračuna kapitalske zahteve za tveganje spremembe cen blaga.
The interest‐rate and foreign‐exchange risks not covered by other provisions of this Annex shall be included in the calculation of general risk for traded debt instruments and in the calculation of foreign‐exchange risk.
Tveganja spremembe obrestne mere in valutno tveganje, ki jih ne pokrivajo druge določbe te priloge, se upoštevajo pri izračunu splošnega pozicijskega tveganja za dolžniške finančne instrumente in pri izračunu valutnega tveganja.
When the short position falls due before the long position, institutions shall also guard against the risk of a shortage of liquidity which may exist in some markets.
Če kratka pozicija v blagu zapade v poravnavo pred njeno dolgo pozicijo, se mora institucija zavarovati pred likvidnostnim tveganjem, ki lahko nastane na določenih trgih.
For the purpose of point 19, the excess of an institution's long (short) positions over its short (long) positions in the same commodity and identical commodity futures, options and warrants shall be its net position in each commodity.
Za namen iz odstavka 19 neto pozicija v določenem blagu predstavlja presežek dolgih (kratkih) pozicij nad kratkimi (dolgimi) pozicijami institucije v istem blagu in enakovrednih terminskih pogodbah, opcijah in nakupnih bonih na blago .
The competent authorities shall allow positions in derivative instruments to be treated, as laid down in points 8, 9 and 10, as positions in the underlying commodity.
Pristojni organi dovolijo, da se pozicije v izvedenih finančnih instrumentih na blago obravnavajo v skladu z odstavki 8, 9 in 10 kot pozicije v osnovnem instrumentu oz. osnovnem blagu.
The competent authorities may regard the following positions as positions in the same commodity:
Pristojni organi obravnavajo kot pozicije v istem blagu naslednje pozicije:
positions in different sub‐categories of commodities in cases where the sub‐categories are deliverable against each other; and
pozicije v različnih podvrstah blaga v primerih, ko so le-te medsebojno zamenljive; in
positions in similar commodities if they are close substitutes and if a minimum correlation of 0,9 between price movements can be clearly established over a minimum period of one year.
pozicije v podobnih vrstah blaga, če so te vrste blaga približni substituti in če je minimalno korelacijo 0,9 med spremembami cen za te vrste blaga mogoče jasno ugotoviti najmanj v obdobju enega leta.
Commodity futures and forward commitments to buy or sell individual commodities shall be incorporated in the measurement system as notional amounts in terms of the standard unit of measurement and assigned a maturity with reference to expiry date.
Terminske pogodbe na blago in terminski nakup ali prodajo posameznega blaga se izrazijo kot nominalni znesek standardnih merskih enot in se jim glede na datum poravnave pripiše zapadlost.
The competent authorities may allow the capital requirement for an exchange‐traded future to be equal to the margin required by the exchange if they are fully satisfied that it provides an accurate measure of the risk associated with the future and that it is at least equal to the capital requirement for a future that would result from a calculation made using the method set out in the remainder of this Annex or applying the internal models method described in Annex V.
Pristojni organi lahko dovolijo, da je kapitalska zahteva za terminske pogodbe na blago, s katerimi se trguje na borzi, enaka kritju, ki ga zahteva borza, če so popolnoma prepričani, da to kritje zagotavlja natančno merilo tveganja terminske pogodbe in je najmanj enako kapitalski zahtevi za terminsko pogodbo, če se ta izračuna po metodi, navedeni v tej prilogi ali z uporabo notranjih modelov iz Priloge V.
The competent authorities may also allow the capital requirement for an OTC commodity derivatives contract of the type referred to in this point cleared by a clearing house recognised by them to be equal to the margin required by the clearing house if they are fully satisfied that it provides an accurate measure of the risk associated with the derivatives contract and that it is at least equal to the capital requirement for the contract in question that would result from a calculation made using the method set out in the remainder of this Annex or applying the internal models method described in Annex V.
Pristojni organi lahko dovolijo, da je kapitalska zahteva za izvedene finančne instrumente na blago iz tega odstavka, s katerimi se trguje na prostem trgu (OTC) izvedenimi in za katere izvaja poravnavo priznana klirinška hiša, enaka kritju, ki ga zahteva klirinška hiša, če so popolnoma prepričani, da to kritje zagotavlja natančno merilo tveganja iz naslova pogodbe z izvedenimi finančnimi instrumenti in je najmanj enako kapitalski zahtevi iz zadevne pogodbe, če se ta izračuna po metodi, iz te priloge ali z uporabo notranjih modelov iz Priloge V.
Commodity swaps where one side of the transaction is a fixed price and the other the current market price shall be incorporated into the maturity ladder approach, as set out in points 13 to 18, as a series of positions equal to the notional amount of the contract, with one position corresponding with each payment on the swap and slotted into the maturity ladder set out in Table 1 to point 13.
Blagovne zamenjave, pri katerih ima ena stran transakcije določeno fiksno ceno in druga stran tekočo tržno ceno, se vključijo v pristop lestvice zapadlosti, kakor je določen v odstavkih 13 do 18, kot serije pozicij, enakih nominalnemu znesku pogodbe, pri čemer ena pozicija ustreza posameznemu plačilu v okviru zamenjave in se kot taka vnese v lestvico zapadlosti natančneje opredeljeno v tabeli 1 k odstavku 13.
The positions would be long positions if the institution is paying a fixed price and receiving a floating price and short positions if the institution is receiving a fixed price and paying a floating price.
Če institucija plačuje določeno fiksno ceno in sprejema tekočo tržno ceno, gre za dolge pozicije, pri kratkih pozicijah pa institucija sprejema določeno fiksno ceno in plačuje tekočo tržno ceno.
Commodity swaps where the sides of the transaction are in different commodities are to be reported in the relevant reporting ladder for the maturity ladder approach.
Blagovne zamenjave, pri katerih se obe strani transakcije nanašata na različni vrsti blaga, se pri pristopu lestvice zapadlosti poročajo v ustreznem delu lestvice .
Options on commodities or on commodity derivatives shall be treated as if they were positions equal in value to the amount of the underlying to which the option refers, multiplied by its delta for the purposes of this Annex.
Za namene te priloge se opcije na blago ali opcije na izvedene finančne instrumente na blago obravnavajo kot pozicije z vrednostjo, ki je enaka vrednosti osnovnih finančnih instrumentov na katere se opcije nanašajo, pomnožene z njihovimi deltami.
The latter positions may be netted off against any offsetting positions in the identical underlying commodity or commodity derivative.
Slednje pozicije je mogoče pobotati z nasprotnimi pozicijami v istovrstnem osnovnem blagu ali v osnovnem izvedenem finančnem instrumentu na blago .
The delta used shall be that of the exchange concerned, that calculated by the competent authorities or, where none of those is available, or for OTC options, that calculated by the institution itself, subject to the competent authorities being satisfied that the model used by the institution is reasonable.
Uporabljeno delto izračuna borza, pristojni organi ali, če nobeden od teh ni na voljo ali za OTC opcije, institucija sama, če so pristojni organi prepričani, da je model, ki ga institucija uporablja za izračun delte, primeren.
Other risks, apart from the delta risk, associated with commodity options shall be safeguarded against.
Druga tveganja, razen delte, povezana z opcijami na blago so tudi krita .
The competent authorities may allow the requirement for a written exchange‐traded commodity option to be equal to the margin required by the exchange if they are fully satisfied that it provides an accurate measure of the risk associated with the option and that it is at least equal to the capital requirement against an option that would result from a calculation made using the method set out in the remainder of this Annex or applying the internal models method described in Annex V.
Pristojni organi lahko dovolijo, da je kapitalska zahteva za izdane opcije na blago, s katerimi se trguje na borzi, enaka kritju, ki ga zahteva borza, če so popolnoma prepričani, da to kritje zagotavlja natančno merilo z opcijo povezanega tveganja in je najmanj enako kapitalski zahtevi opcije, če se ta izračuna po metodi, navedeni v nadaljevanju te priloge ali z uporabo notranjih modelov iz Priloge V.
The competent authorities may also allow the capital requirement for an OTC commodity option cleared by a clearing house recognised by them to be equal to the margin required by the clearing house if they are fully satisfied that it provides an accurate measure of the risk associated with the option and that it is at least equal to the capital requirement for an OTC option that would result from a calculation made using the method set out in the remainder of this Annex or applying the internal models method described in Annex V.
Pristojni organi lahko dovolijo, da je kapitalska zahteva za opcije na blago, s katerimi se trguje na prostem trgu (OTC) in za katere poravnavo izvaja priznana klirinška hiša, , enaka kritju, ki ga zahteva klirinška hiša, če so popolnoma prepričani, da to kritje zagotavlja natančno merilo z opcijami povezanega tveganja in je najmanj enako kapitalski zahtevi za OTC opcije, če se ta izračuna po metodi, navedeni v nadaljevanju te priloge, ali z uporabo notranjih modelov iz Priloge V.
In addition they may allow the requirement on a bought exchange‐traded or OTC commodity option to be the same as that for the commodity underlying it, subject to the constraint that the resulting requirement does not exceed the market value of the option.
Poleg tega pristojni organi lahko dovolijo, da je kapitalska zahteva za kupljene opcije na blago, s katerimi se trguje na borzah ali na prostem trgu (OTC) , enaka osnovnemu instrumentu na katerega se opcije nanašajo, pod pogojem, da izračunana kapitalska zahteva ne presega tržne vrednosti teh opcij.
The requirement for a written OTC option shall be set in relation to the commodity underlying it.
Kapitalska zahteva za izdano opcijo na blago, s katero se trguje na prostem trgu (OTC) se določi glede na blago, ki je osnovni instrument opcije.
Warrants relating to commodities shall be treated in the same way as commodity options referred to in point 10.
Nakupni boni na blago se obravnavajo na enak način kot opcije na blago iz odstavka 10.
The transferor of commodities or guaranteed rights relating to title to commodities in a repurchase agreement and the lender of commodities in a commodities lending agreement shall include such commodities in the calculation of its capital requirement under this Annex.
Prenosnik blaga ali zajamčenih pravic, glede na pravice na blago v okviru poslov začasne prodaje/začasnega nakupa in posojevalec v okviru poslov posoje/izposoje blaga, vključita to blago v izračun kapitalske zahteve v skladu s to prilogo.
Maturity ladder approach
Pristop lestvice zapadlosti
The institution shall use a separate maturity ladder in line with Table 1 for each commodity.
Institucija za vsako vrsto blaga uporabi svojo lestvico zapadlosti v skladu s tabelo 1.
All positions in that commodity and all positions which are regarded as positions in the same commodity pursuant to point 7 shall be assigned to the appropriate maturity bands.
Vse pozicije v isti vrsti blaga in vse pozicije, ki se v skladu z odstavkom 7 obravnavajo kot pozicije v isti vrsti blaga, se uvrstijo v ustrezen razred zapadlosti.
Physical stocks shall be assigned to the first maturity band.
Fizične zaloge blaga se uvrstijo v prvi razred zapadlosti.
Spread rate (in %)
Razmik (v %)
> 3 years
> 3 leta
Competent authorities may allow positions which are, or are regarded pursuant to point 7 as, positions in the same commodity to be offset and assigned to the appropriate maturity bands on a net basis for the following:
Pristojni organi lahko dovolijo, da se pozicije skladne z odstavkom 7 obravnavajo kot pozicije v isti vrsti blaga, pobotajo in uvrščajo v ustrezni razred zapadlosti v neto vrednosti, pri čemer dovoljenje velja za naslednje:
positions in contracts maturing on the same date; and
pozicije v pogodbah z istim dnevom zapadlosti; in
positions in contracts maturing within 10 days of each other if the contracts are traded on markets which have daily delivery dates.
pozicije v pogodbah, med katerih dnevi zapadlosti ne preteče več kot 10 dni, če se s pogodbami trguje na trgih, kjer se dnevno določa datum poravnave.
The institution shall then calculate the sum of the long positions and the sum of the short positions in each maturity band.
Institucija nato izračuna vsoto dolgih in vsoto kratkih pozicij v vsakem posameznem razredu zapadlosti.