natgillin/translations-raw huggingface dataset:
If a given new participating Member State has a dual circulation period that is longer than two months, then the period referred to in paragraph 1(b) shall instead be the longest of the dual circulation periods of all the new participating Member States which have the same euro adoption date as the given new participating Member State.
Če ima nova sodelujoča država članica obdobje dvojnega obtoka, ki je daljše od dveh mesecev, potem se namesto obdobja iz odstavka 1(b) uporabi tisto obdobje dvojnega obtoka, ki je med obdobji dvojnega obtoka v vseh novih sodelujočih državah, ki imajo isti datum sprejetja eura kakor ta nova sodelujoča država članica, najdaljše.
The duration of the arrangements under this Guideline shall be the same for all new participating Member States that have the same euro adoption date.
Trajanje ureditve po tej smernici mora biti enako za vse nove sodelujoče države članice, ki imajo isti datum sprejetja eura.
This duration shall be equivalent to the longest duration resulting from application of paragraphs 1 and 2.
To trajanje je enako najdaljšemu trajanju, ki izhaja iz uporabe odstavkov 1 in 2.
The existence of a transitional period in a given new participating Member State shall not prolong the exchange period for banknotes of other new participating Member States.
Obstoj prehodnega obdobja v posamezni novi sodelujoči državi članici ne sme podaljšati obdobja menjave bankovcev drugih novih sodelujočih držav članic.
This Guideline shall enter into force on the day following its publication in the Official Journal of the European Union.
Ta smernica začne veljati naslednji dan po objavi v Uradnem listu Evropske unije.
Done at Frankfurt am Main, 24 July 2006.
V Frankfurtu na Majni, 24. julija 2006
amending Guideline ECB/2005/16 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET)
o spremembah Smernice ECB/2005/16 o transevropskem sistemu bruto poravnave v realnem času („TARGET“)
Having regard to the Treaty establishing the European Community and in particular to the first and fourth indents of Article 105(2) thereof and to Articles 3.1, 12.1, 14.3, 17, 18 and 22 of the Statute of the European System of Central Banks and of the European Central Bank,
ob upoštevanju Pogodbe o ustanovitvi Evropske skupnosti ter zlasti prve in četrte alinee člena 105(2) Pogodbe in členov 3.1, 12.1, 14.3, 17, 18 in 22 Statuta Evropskega sistema centralnih bank in Evropske centralne banke,
The fourth indent of Article 105(2) of the Treaty and the fourth indent of Article 3.1 of the Statute state that one of the basic tasks to be carried out through the European System of Central Banks (ESCB) is to promote the smooth operation of payment systems.
Četrta alinea člena 105(2) Pogodbe in četrta alinea člena 3.1 Statuta določata, da je ena od temeljnih nalog Evropskega sistema centralnih bank (ESCB) podpirati nemoteno delovanje plačilnih sistemov.
Article 22 of the Statute states that the European Central Bank (ECB) and national central banks (NCBs) may provide facilities to ensure efficient and sound clearing and payment systems within the Community and with other countries.
Člen 22 Statuta določa, da lahko Evropska centralna banka (ECB) in nacionalne centralne banke (NCB) ustvarijo možnosti za zagotovitev učinkovitih in zanesljivih klirinških in plačilnih sistemov znotraj Skupnosti in z drugimi državami.
In addition to connection via interlinking or through a bilateral link, a third form of connection to TARGET should be made available as a transitional measure in view of the future set-up of TARGET2.
Poleg priključitve preko medsebojnega povezovanja ali dvostranske povezave bi morala biti dana na razpolago še tretja oblika priključitve k sistemu TARGET kot prehoden ukrep glede na bodočo vzpostavitev sistema TARGET2.
An NCB without its own RTGS system should be given access to the current TARGET infrastructure by remote participation in another NCB’s RTGS system.
NCB, ki nima lastnega sistema BPRČ, bi moral biti omogočen dostop do sedanje infrastrukture sistema TARGET z oddaljeno udeležbo v sistemu BPRČ druge NCB.
Guideline ECB/2005/16 of 30 December 2005 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET) [1] should be amended to include specific provisions regulating remote participation,
Smernico ECB/2005/16 z dne 30. decembra 2005 o transevropskem sistemu bruto poravnave v realnem času („TARGET“) [1] je treba spremeniti tako, da bodo vključene posebne določbe, ki bodo urejale oddaljeno udeležbo –
Guideline ECB/2005/16 is amended as follows:
Smernica ECB/2005/16 se spremeni, kot sledi:
The following definitions are inserted in Article 1:
V člen 1 se vstavijo naslednje opredelitve pojmov:
“remote NCB” shall mean an NCB which does not operate its own RTGS system but remotely participates in the RTGS system of another NCB in accordance with the provisions of Article 2(3);
‚oddaljena NCB‘ pomeni NCB, ki ne upravlja lastnega sistema BPRČ, ampak je oddaljeno udeležena v sistemu BPRČ druge NCB v skladu z določbami člena 2(3),
“host NCB” shall mean the NCB that permits a remote NCB to participate in its RTGS system in accordance with Article 2(3);’
‚NCB gostiteljica‘ pomeni NCB, ki oddaljeni NCB dovoljuje udeležbo v svojem sistemu BPRČ v skladu s členom 2(3),“.
The following Article 2(3) is inserted:
Vstavi se naslednji člen 2(3):
When a remote NCB and credit institutions and other entities in its Member State remotely participate in a host NCB’s RTGS system in accordance with that RTGS system’s RTGS rules, the following specific additional provisions shall apply:
Kadar so oddaljena NCB ter kreditne institucije in drugi subjekti v njeni državi članici oddaljeno udeležene v sistemu BPRČ NCB gostiteljice v skladu s pravili BPRČ tega sistema, se uporabljajo naslednje posebne dodatne določbe:
the host NCB shall grant the remote NCB unlimited and uncollateralised credit,
NCB gostiteljica odobri oddaljeni NCB neomejeno in nezavarovano posojilo,
the host NCB and the remote NCB may agree on terms and conditions that complement the RTGS rules of the host NCB’s RTGS system,
NCB gostiteljica in oddaljena NCB se lahko dogovorita o pogojih, ki dopolnjujejo pravila BPRČ za sistem BPRČ NCB gostiteljice,
the remote NCB shall grant intraday credit to entities in its Member State participating in the host NCB’s RTGS system in accordance with the requirements of Article 3(f),
oddaljena NCB odobri posojilo za čez dan subjektom v svoji državi članici, ki so udeleženi v sistemu BPRČ NCB gostiteljice, v skladu z zahtevami v členu 3(f),
payments between entities in the remote NCB’s Member State and between such entities and other participants in the host NCB’s RTGS system shall be considered as domestic payments for the purposes of pricing and other relevant matters, while payments between entities in the remote NCB's Member State and participants in an RTGS system other than the host NCB's RTGS system shall be considered as cross-border payments for such purposes,
plačila med subjekti v državi članici oddaljene NCB ter med temi subjekti in drugimi udeleženci v sistemu BPRČ NCB gostiteljice se za namene oblikovanja cen in drugih relevantnih zadev štejejo za domača plačila, medtem ko se plačila med subjekti v državi članici oddaljene NCB in udeleženci v katerem koli sistemu BPRČ, razen v sistemu BPRČ NCB gostiteljice, štejejo za te namene za čezmejna plačila,
the remote NCB may appoint its representatives to the bodies referred to in Article 7(2) and may nominate a person or persons to undertake the functions specified in Article 7(3).’
oddaljena NCB lahko imenuje svoje predstavnike v telesa iz člena 7(2) in lahko predlaga osebo ali osebe za opravljanje funkcij, določenih v členu 7(3).“
This Guideline shall enter into force on 15 August 2006.
Ta smernica začne veljati 15. avgusta 2006.
Done at Frankfurt am Main, 3 August 2006.
V Frankfurtu na Majni, 3. avgusta 2006
OJ L 18, 23.1.2006, p. 1.
UL L 18, 23.1.2006, str. 1.
Having regard to the Statute of the European System of Central Banks and of the European Central Bank and in particular Article 12.1 and Article 14.3 in conjunction with the first indent of Article 3.1, Article 18.2 and the first paragraph of Article 20,
ob upoštevanju Statuta Evropskega sistema centralnih bank in Evropske centralne banke ter zlasti člena 12.1 in člena 14.3 v povezavi s prvo alineo člena 3.1, členom 18.2 in prvim odstavkom člena 20,
Recent changes to the definition and implementation of the Eurosystem’s single monetary policy, in particular the introduction of non-marketable assets in the single list of collateral eligible for Eurosystem credit operations, need to be reflected appropriately by replacing Annex I to the ECB Guideline on monetary policy instruments and procedures of the Eurosystem that is currently in force,
Nedavne spremembe pri opredelitvah in izvajanju enotne denarne politike Eurosistema, zlasti uvrstitev netržnega finančnega premoženja na enotni seznam zavarovanj, primernih za kreditne operacije Eurosistema, je treba primerno odraziti tako, da se nadomesti sedaj veljavna Priloga I k Smernici ECB o instrumentih monetarne politike in postopkih Eurosistema –
Principles, instruments, procedures and criteria for the implementation of theEurosystem’s single monetary policy
Načela, instrumenti, postopki in merila za izvajanje enotne denarne politike Eurosistema
Annex I to Guideline ECB/2000/7 of 31 August 2000 on monetary policy instruments and procedures of the Eurosystem [1] is replaced by the text set out in the Annex to this Guideline.Article 2
Priloga I k Smernici ECB/2000/7 z dne 31. avgusta 2000 o instrumentih monetarne politike in postopkih Eurosistema [1] se nadomesti z besedilom, določenim v Prilogi k tej smernici.Člen 2
The NCBs shall forward details of the texts and means by which they intend to comply with this Guideline to the ECB by 20 September 2006 at the latest.
NCB pošljejo ECB najkasneje do 20. septembra 2006 podrobne informacije glede besedil in sredstev, s katerimi se nameravajo uskladiti s to smernico.
Article 1 shall apply from 1 January 2007.
Člen 1 velja od 1. januarja 2007.
Done at Frankfurt am Main, 31 August 2006.
V Frankfurtu na Majni, 31. avgusta 2006
Guideline as last amended by Guideline ECB/2005/17 (OJ L 30, 2.2.2006, p. 26).
Smernica, kakor je bila nazadnje spremenjena s Smernico ECB/2005/17 (UL L 30, 2.2.2006, str. 26.)
The implementation of monetary policy in the euro area — General documentation on Eurosystem monetary policy instruments and procedures
Izvajanje denarne politike v euroobmočju – Splošna dokumentacija o instrumentih in postopkih denarne politike Eurosistema
Overview of the monetary policy framework
Pregled okvira denarne politike 1.1.
Objectives of the Eurosystem
Cilji Eurosistema
Eurosystem monetary policy instruments
Instrumenti denarne politike eurosistema
Open market operations
Operacije odprtega trga
Standing facilities
Odprte ponudbe
Counterparties
Nasprotne stranke
Underlying assets
Finančno premoženje za zavarovanje terjatev
Modifications to the monetary policy framework
Spremembe okvira denarne politike
General eligibility criteria
Splošna merila primernosti
Selection of counterparties for quick tenders and bilateral operations
Izbira nasprotnih strank za hitre avkcije in dvostranske operacije
Sanctions in the event of non-compliance with counterparty obligations
Sankcije v primeru neizpolnjevanja obveznosti nasprotne stranke
Suspension or exclusion on grounds of prudence
Začasna ali trajna izključitev zaradi razlogov varnega poslovanja
Outright transactions
Dokončne transakcije
Issuance of ECB debt certificates
Izdaja dolžniških certifikatov ECB
Collection of fixed-term deposits
Zbiranje vezanih vlog
The marginal lending facility
Odprta ponudba mejnega posojila
The deposit facility
Odprta ponudba mejnega depozita
Tender procedures
Avkcijski postopki
Tender operations calendar
Koledar avkcij
Announcement of tender operations
Najava avkcij
Preparation and submission of bids by counterparties
Priprava in posredovanje protiponudb s strani nasprotnih strank
Tender allotment procedures
Postopki za dodelitev na avkcijah
Announcement of tender results
Objava rezultatov avkcije
Procedures for bilateral operations
Postopki za dvostranske operacije
Settlement procedures
Postopki poravnave
Settlement of open market operations
Poravnava operacij odprtega trga
End-of-day procedures
Postopki ob koncu dneva
Eligible assets
Primerno finančno premoženje za zavarovanje
Eligibility specifications for underlying assets
Opredelitev primernosti finančnega premoženje za zavarovanje terjatev
Eligibility criteria for marketable assets
Merila primernosti za tržno finančno premoženje
Eligibility criteria for non-marketable assets
Dolžniški instrument mora biti denominiran v eurih [51].
Additional requirements for the use of eligible assets
Vrsta izdajatelja.
Eurosystem credit assessment framework
Bonitetni okvir Eurosistema
Scope and elements
Obseg in posamezni elementi
Establishment of high credit standards for marketable assets
Izpolnjevanje visokih bonitetnih standardov za tržno finančno premoženje
Establishment of high credit standards for non-marketable assets
Razred 3
Acceptance criteria for credit assessment systems
Merila sprejemljivosti za bonitetne sisteme
Performance monitoring of credit assessment systems
Spremljanje uspešnosti bonitetnih sistemov
Risk control measures
Ukrepi za obvladovanje tveganj
Risk control measures for marketable assets
(Izračuni, ki se nanašajo na izvedbo pozivov h kritju, so predstavljeni v okvirju 8.) Eurosistem trenutno ne uporablja sledečih ukrepov za obvladovanje tveganj: Začetno kritje
Risk control measures for non-marketable assets
Ukrepi za obvladovanje tveganj pri netržnem finančnem premoženju
Valuation principles for underlying assets
Načela vrednotenja finančnega premoženja za zavarovanje terjatev
Cross-border use of eligible assets
Uporaba primernega finančnega premoženja za čezmejno zavarovanje terjatev
Correspondent central banking model
Korespondenčni centralnobančni model
Links between securities settlement systems
PSVP A PSVP B
CHAPTER 7
OGLAVJE 7
Institutions subject to minimum reserve requirements
Institucije, ki so obvezniki obveznih rezerv
Determination of minimum reserves
Določitev obveznih rezerv
Maintenance of reserve holdings
Izpolnjevanje obveznih rezerv
Reporting, acknowledgement and verification of the reserve base
Pošiljanje poročil, potrditev in preverjanje osnove za rezerve
The Eurosystem websites
Spletne strani Eurosistema
In Chapter 2, eligibility criteria for counterparties taking part in Eurosystem monetary policy operations are specified.
V poglavju 2 so opredeljena merila primernosti za nasprotne stranke, ki sodelujejo v operacijah denarne politike Eurosistema.
Chapter 3 describes open market operations, while Chapter 4 presents the standing facilities available to counterparties.
Poglavje 3 opisuje operacije odprtega trga, medtem ko poglavje 4 predstavlja odprte ponudbe, ki so na voljo nasprotnim strankam.
Chapter 5 specifies procedures applied in the execution of monetary policy operations.
Poglavje 5 določa postopke, ki se uporabljajo pri izvrševanju operacij denarne politike.
In Chapter 6, the eligibility criteria for underlying assets in monetary policy operations are defined.
V poglavju 6 so opredeljena merila primernosti za finančno premoženje za zavarovanje terjatev v operacijah denarne politike.
Chapter 7 presents the Eurosystem’s minimum reserve system.
Poglavje 7 pa predstavlja sistem obveznih rezerv Eurosistema.
The annexes contain examples of monetary policy operations, a glossary, criteria for the selection of counterparties for Eurosystem foreign exchange intervention operations, a presentation of the reporting framework for the money and banking statistics of the European Central Bank, a list of the Eurosystem websites, a description of the procedures and sanctions to be applied in the event of non-compliance with counterparty obligations and additional legal requirements for the creation of valid security over credit claims when these are used as collateral with the Eurosystem.
Priloge vsebujejo primere operacij denarne politike, glosar, merila za izbor nasprotnih strank pri posegih Eurosistema na deviznem trgu, predstavitev okvira poročanja za potrebe denarne in bančne statistike Evropske centralne banke, seznam naslovov spletnih strani Eurosistema, opis postopkov in sankcij, ki se uporabijo v primeru, da nasprotna stranka ne izpolni svojih obveznosti, ter dodatne pravne zahteve za vzpostavitev učinkovitega zavarovanja z bančnimi posojili, ko se ta uporabijo kot zavarovanje pri operacijah Eurosistema.
OVERVIEW OF THE MONETARY POLICY FRAMEWORK
PREGLED OKVIRA DENARNE POLITIKE 1.1.
The European System of Central Banks (ESCB) consists of the European Central Bank (ECB) and the national central banks of the European Union (EU) Member States [2].
Evropski sistem centralnih bank (ESCB) sestavljajo Evropska centralna banka (ECB) in nacionalne centralne banke držav članic Evropske unije (EU) [2].
The activities of the ESCB are carried out in accordance with the Treaty establishing the European Community (Treaty) and the Statute of the European System of Central Banks and of the European Central Bank (Statute of the ESCB).
Dejavnosti ESCB se izvajajo v skladu s Pogodbo o ustanovitvi Evropske skupnosti (Pogodba) in Statutom Evropskega sistema centralnih bank in Evropske centralne banke (Statut ESCB).
The ESCB is governed by the decision-making bodies of the ECB.
ESCB vodijo organi odločanja ECB.
In this respect, the Governing Council of the ECB is responsible for the formulation of monetary policy, while the Executive Board is empowered to implement monetary policy according to the decisions made and guidelines laid down by the Governing Council.
Svet ECB je tako odgovoren za oblikovanje denarne politike, medtem ko je Izvršilni odbor pooblaščen za izvajanje denarne politike v skladu z odločitvami Sveta in smernicami, ki jih določi Svet.
To the extent deemed possible and appropriate and with a view to ensuring operational efficiency, the ECB has recourse to the national central banks [3] for carrying out the operations which form part of the tasks of the Eurosystem.
Kolikor je možno in primerno ter s ciljem zagotoviti operativno učinkovitost, ECB uporabi nacionalne centralne banke [3] za opravljanje poslov, ki so sestavni del nalog Eurosistema.
The primary objective of the Eurosystem is to maintain price stability, as defined in Article 105 of the Treaty.
Poglavitni cilj Eurosistema je ohranjanje stabilnosti cen, kakor je opredeljeno v členu 105 Pogodbe.
Without prejudice to the primary objective of price stability, the Eurosystem has to support the general economic policies in the European Community.
Če to ni v nasprotju z njegovim poglavitnim ciljem, Eurosistem podpira splošne ekonomske politike v Evropski skupnosti.
In pursuing its objectives, the Eurosystem has to act in accordance with the principle of an open market economy with free competition, favouring an efficient allocation of resources.
Pri uresničevanju svojih ciljev mora Eurosistem ravnati v skladu z načelom odprtega tržnega gospodarstva s svobodno konkurenco, pri čemer podpira učinkovito razporejanje virov.
In order to achieve its objectives, the Eurosystem has at its disposal a set of monetary policy instruments; the Eurosystem conducts open market operations, offers standing facilities and requires credit institutions to hold minimum reserves on accounts with the Eurosystem.
Eurosistem ima za doseganje svojih ciljev na voljo vrsto instrumentov denarne politike: Eurosistem izvaja operacije odprtega trga, nudi odprte ponudbe in od kreditnih institucij zahteva, da vzdržujejo obvezne rezerve na računih pri Eurosistemu.
Open market operations play an important role in the monetary policy of the Eurosystem for the purposes of steering interest rates, managing the liquidity situation in the market and signalling the stance of monetary policy.
Operacije odprtega trga imajo pomembno vlogo v denarni politiki Eurosistema, ko gre za uravnavanje obrestnih mer, uravnavanje likvidnosti na trgu in signaliziranje naravnanosti denarne politike.
Five types of instruments are available to the Eurosystem for the conduct of open market operations.
Eurosistem ima za izvajanje operacij odprtega trga na voljo pet vrst instrumentov.
The most important instrument is the reverse transaction (applicable on the basis of repurchase agreements or collateralised loans).
Najpomembnejši instrument so povratne transakcije (izvajajo se na podlagi repo pogodb ali zavarovanih posojil).
The Eurosystem may also use outright transactions, the issuance of debt certificates, foreign exchange swaps and the collection of fixed-term deposits.
Eurosistem lahko uporabi tudi dokončne transakcije, izdaje dolžniških certifikatov, valutne zamenjave in zbiranje vezanih vlog.
Open market operations are initiated by the ECB, which also decides on the instrument to be used and on the terms and conditions for its execution.
Pobudo za operacije odprtega trga da ECB, ki tudi odloča o instrumentu, ki se bo uporabil, in pogojih za njegovo izvršitev.
They can be executed on the basis of standard tenders, quick tenders or bilateral procedures [5].
Lahko se izvršijo na podlagi standardnih avkcij, hitrih avkcij ali dvostranskih postopkov [5].
With regard to their aims, regularity and procedures, the Eurosystem’s open market operations can be divided into the following four categories (see also Table 1): Table 1
Glede na njihove cilje, rednost in postopke se lahko operacije odprtega trga Eurosistema razdelijo na naslednje štiri kategorije (glej tudi tabelo 1). Tabela 1
Eurosystem monetary policy operations
Operacije denarne politike Eurosistema
Monetary policy operations
Operacije denarne politike
Types of transactions
Vrste transakcij
Maturity
Dospelost
Provision of liquidity
Povečevanje likvidnosti
Absorption of liquidity
Umikanje likvidnosti
One week
En teden
Weekly
Tedensko
Standard tenders
Standardne avkcije
Three months
Tri mesece
Fine-tuning operations
Operacije finega uravnavanja
Non-regular
Občasno
Quick tenders
Hìtre avkcije
Bilateral procedures
Dvostranski postopki
Outright purchases
Dokončni nakupi
Outright sales
Dokončne prodaje
Issuance of debt certificates
Izdaja dolžniških certifikatov
Standardised/non-standardised
Standardizirano/nestandardizirano
Regular and non-regular
Redno in občasno
Marginal lending facility
Odprta ponudba mejnega posojila
Overnight
Čez noč
Access at the discretion of counterparties
Dostop po prostem preudarku nasprotnih strank
Deposit facility
Odprta ponudba mejnega depozita
The main refinancing operations are regular liquidity-providing reverse transactions with a weekly frequency and a maturity of normally one week.
Operacije glavnega refinanciranja so redne povratne transakcije za povečevanje likvidnosti, organizirane tedensko in z običajno dospelostjo enega tedna.
These operations are executed by the national central banks on the basis of standard tenders.
Te operacije izvajajo nacionalne centralne banke na podlagi standardnih avkcij.
The main refinancing operations play a pivotal role in pursuing the objectives of the Eurosystem’s open market operations and provide the bulk of refinancing to the financial sector.
Operacije glavnega refinanciranja igrajo osrednjo vlogo pri uresničevanju ciljev operacij odprtega trga Eurosistema in zagotavljajo večino refinanciranja finančnemu sektorju.
The longer-term refinancing operations are liquidity-providing reverse transactions with a monthly frequency and a maturity of normally three months.
Operacije dolgoročnejšega refinanciranja so povratne transakcije za povečevanje likvidnosti, organizirane mesečno in z običajno dospelostjo treh mesecev.
These operations are aimed at providing counterparties with additional longer-term refinancing and are executed by the national central banks on the basis of standard tenders.
Te operacije imajo za cilj zagotoviti nasprotnim strankam dodatno dolgoročnejše refinanciranje in jih izvajajo nacionalne centralne banke na podlagi standardnih avkcij.
In these operations, the Eurosystem does not, as a rule, intend to send signals to the market and therefore normally acts as a rate taker.
S temi operacijami Eurosistem trgu praviloma ne želi signalizirati namer glede obrestnih mer.