natgillin/translations-raw huggingface dataset:
From 1 March 2011 all asset-backed securities, regardless of their date of issuance, shall have at least two credit assessments from any accepted ECAIs for the issue, and the second-best rule shall be met in order for the securities to remain eligible.
Od 1. marca 2011 morajo imeti za ohranitev primernosti vsi kolateralizirani vrednostni papirji, ne glede na datum njihove izdaje, vsaj dve bonitetni oceni katerih koli sprejetih zunanjih bonitetnih institucij za izdajo, izpolnjeno pa mora biti tudi pravilo druge najboljše bonitetne ocene.
For asset-backed securities issued between 1 March 2009 and 28 February 2010, the first credit assessment must comply with the “AAA”/“Aaa” level at issuance and the “single A” over the life of the security, while the second credit assessment must comply with the “single A” level both at issuance and over the life of the security.
Za kolateralizirane vrednostne papirje, ki so bili izdani med 1. marcem 2009 in 28. februarjem 2010, mora prva bonitetna ocena dosegati raven ‚AAA‘/‚Aaa‘ ob izdaji in ‚single A‘ ves čas obstoja vrednostnega papirja, druga bonitetna ocena pa mora dosegati raven ‚single A‘ ob izdaji in tudi ves čas obstoja vrednostnega papirja.
The ECB publishes the credit quality threshold for any accepted ECAIs, as established under Section 6.3.1.Article 2
ECB objavlja bonitetni prag za vsako sprejeto zunanjo bonitetno institucijo, kot je določeno v oddelku 6.3.1.Člen 2
This Guideline shall enter into force on 1 March 2010.
Ta smernica začne veljati 1. marca 2010.
The NCBs referred to in paragraph 1 shall, by 11 March 2010, send to the ECB the measures by which they intend to comply with this Guideline.
NCB, navedene v odstavku 1, bodo do 11. marca 2010 poslale ECB ukrepe, s katerimi se nameravajo uskladiti s to smernico.
Done at Frankfurt am Main, 4 March 2010.
V Frankfurtu na Majni, 4. marca 2010
In respect of the required second ECAI rating for those ABS “credit assessment at issuance” refers to the credit assessment when first issued or published by the ECAI.
V zvezi z zahtevano drugo oceno zunanje bonitetne institucije za te kolateralizirane vrednostne papirje ‚bonitetna ocena ob izdaji‘ pomeni bonitetno oceno takrat, ko jo je zunanja bonitetna agencija prvič izdala ali objavila.
This information is published on the ECB’s website (www.ecb.europa.eu).’
Te informacije so objavljene na spletni strani ECB (www.ecb.europa.eu).“
In case of asset-backed securities issued before 1 March 2010 that have only one credit assessment, a second credit assessment shall be additionally obtained before 1 March 2011.
V primeru kolateraliziranih vrednostnih papirjev, ki so bili izdani pred 1. marcem 2010 in imajo samo eno bonitetno oceno, je treba dodatno pridobiti drugo bonitetno oceno pred 1. marcem 2011.
For asset-backed securities issued before 1 March 2009 both credit assessments must comply with the “single A” level over the life of the security.
Za kolateralizirane vrednostne papirje, ki so bili izdani pred 1. marcem 2009, morata obe bonitetni oceni dosegati raven ‚single A‘ ves čas obstoja vrednostnega papirja.
Having regard to the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB’) and in particular Articles 3.1 and 12.1 and Articles 17, 18 and 22 thereof,
ob upoštevanju Statuta Evropskega sistema centralnih bank in Evropske centralne banke (v nadaljnjem besedilu: Statut ESCB) ter zlasti členov 3.1, 12.1, 17, 18 in 22 Statuta,
On 6 July 2006, the Governing Council of the European Central Bank (ECB) decided to explore, in cooperation with the central securities depositories (CSDs) and other market participants, the possibility of setting up a new Eurosystem service for securities settlement in central bank money, to be called TARGET2-Securities (T2S).
Svet Evropske centralne banke (ECB) je 6. julija 2006 sklenil, da se v sodelovanju s centralnimi depotnimi družbami in drugimi udeleženci na trgu razišče možnost vzpostavitve nove službe Eurosistema za poravnavo poslov z vrednostnimi papirji v centralnobančnem denarju, ki bi se imenovala TARGET2-Securities (T2S).
As part of the Eurosystem’s tasks in accordance with Articles 17, 18 and 22 of the Statute of the ESCB, T2S aims to facilitate post-trading integration by offering core, neutral and borderless pan-European cash and securities settlement in central bank money so that CSDs can provide their customers with harmonised and commoditised delivery-versus-payment settlement services in an integrated technical environment with cross-border capabilities.
Kot del nalog Eurosistema v skladu s členi 17, 18 in 22 Statuta ESCB je cilj T2S olajšati integracijo potrgovalnih dejavnosti s ponudbo temeljne, nevtralne in brezmejne vseevropske poravnave denarja in vrednostnih papirjev v centralnobančnem denarju, tako da lahko centralne depotne družbe svojim strankam zagotovijo harmonizirane in standardizirane storitve poravnave po načelu dostava proti plačilu v integriranem tehničnem okolju s čezmejnimi zmožnostmi.
As the provision of central bank money is a core task of the Eurosystem, T2S has the nature of a public service.
Ker je zagotavljanje centralnobančnega denarja temeljna naloga Eurosistema, ima T2S naravo javne službe.
The euro area NCBs will provide collateral management services and settlement in central bank money in T2S.
Nacionalne centralne banke euroobmočja bodo zagotavljale storitve upravljanja z zavarovanjem in poravnavo v centralnobančnem denarju v T2S.
Article 22 of the Statute of the ESCB mandates the Eurosystem to ‘ensure efficient and sound clearing and payment systems within the Union’.
Člen 22 Statuta ESCB pooblašča Eurosistem za „zagotovitev učinkovitih in zanesljivih klirinških in plačilnih sistemov znotraj Unije“.
Moreover, settlement in central bank money avoids liquidity risks and is therefore essential for sound post-trading of securities, and for the financial market in general.
Poleg tega poravnava v centralnobančnem denarju pomeni izogibanje likvidnostnim tveganjem in je zato bistvena za zanesljive potrgovalne dejavnosti v zvezi z vrednostnimi papirji in za finančni trg nasploh.
On 17 July 2008, the Governing Council decided to launch the T2S project and to provide the resources required until its completion.
Svet ECB je 17. julija 2008 sklenil, da začne projekt T2S in zagotovi vire, ki so potrebni do njegovega zaključka.
On the basis of an offer made by the Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d’Italia (hereinafter the ‘4CB’), the Governing Council also decided that T2S would be developed and operated by the 4CB.
Na podlagi ponudbe centralnih bank Deutsche Bundesbank, Banco de España, Banque de France in Banca d‘Italia (v nadaljnjem besedilu: 4CB) je Svet ECB sklenil tudi, da bodo T2S razvijale in upravljale 4CB.
The Governing Council adopted Decision ECB/2009/6 of 19 March 2009 on the establishment of the TARGET2-Securities Programme Board [1] as a streamlined management body of the Eurosystem that will develop proposals for the Governing Council on key strategic issues and execute tasks of a purely technical nature.
Svet ECB je sprejel Sklep ECB/2009/6 z dne 19. marca 2009 o ustanovitvi Odbora za program TARGET2-Securities (TARGET2-Securities Programme Board) [1], poenostavljenega organa upravljanja v Eurosistemu, ki bo pripravljal predloge za Svet ECB o ključnih strateških vprašanjih in izvrševal naloge izključno tehnične narave.
The mandate of the T2S Programme Board, contained in the Annex to Decision ECB/2009/6, represents one of the cornerstones of T2S governance.
Mandat Odbora za program T2S, ki ga vsebuje Priloga k Sklepu ECB/2009/6, predstavlja enega od temeljev upravljanja T2S.
The T2S Programme Board was simultaneously entrusted with certain implementing tasks by the Eurosystem central banks so that it can be fully operational and act on behalf of the whole Eurosystem.
Centralne banke Eurosistema so Odbor za program T2S hkrati pooblastile za opravljanje nekaterih izvedbenih nalog, tako da bo lahko popolnoma operativen in bo lahko nastopal v imenu celotnega Eurosistema.
This Guideline lays down in particular the basic foundations of the T2S Programme in its specification and development phase.
Ta smernica določa zlasti osnovne temelje programa T2S v njegovi fazi priprave specifikacij in razvoja.
It represents the culmination of the previously mentioned decisions of the Governing Council and further specifies in particular the roles and responsibilities of the T2S Programme Board and of the 4CB as well as their mutual relationship.
Predstavlja rezultat prej omenjenih sklepov Sveta ECB ter podrobneje določa zlasti vloge in odgovornosti Odbora za program T2S in 4CB ter njihovo medsebojno razmerje.
It will be complemented by additional legal acts and contractual arrangements under the ultimate responsibility of the Governing Council as the T2S Programme is further developed.
V nadaljnjem razvoju programa T2S jo bodo dopolnili dodatni pravni akti in pogodbene ureditve, za katere je končno odgovoren Svet ECB.
In line with the previously mentioned decisions of the Governing Council, governance of the T2S Programme is based on three levels.
Skladno s prej omenjenimi sklepi Sveta ECB temelji upravljanje programa T2S na treh ravneh.
On the first level of governance, ultimate decision-making in relation to T2S vests in the Governing Council, which assumes overall responsibility for the T2S Programme and, pursuant to Article 8 of the Statute of the ESCB, is the decision-maker for the whole Eurosystem.
Na prvi ravni upravljanja je končno odločanje v zvezi s T2S v pristojnosti Sveta ECB, ki prevzema splošno odgovornost za program T2S in je v skladu s členom 8 Statuta ESCB organ odločanja za celoten Eurosistem.
On the second level of governance, the T2S Programme Board was established to assist the ECB decision-making bodies in ensuring the successful and timely completion of the T2S Programme.
Na drugi ravni upravljanja je bil ustanovljen Odbor za program T2S, da pomaga organom odločanja ECB pri zagotavljanju uspešnega in pravočasnega zaključka programa T2S.
Finally, the third level of governance is composed of the 4CB.
Končno, 4CB sestavljajo tretjo raven upravljanja.
As T2S services are offered to CSDs, it is important to structure the relationship with them throughout the development, migration and subsequent operation of T2S.
Ker se storitve T2S ponujajo centralnim depotnim družbam, je pomembno strukturirati razmerje z njimi za ves čas razvoja, migracije in nato delovanja T2S.
A CSD Contact Group will be set up for that purpose.
V ta namen bo ustanovljena Skupina za stike s centralnimi depotnimi družbami.
National User Groups are a forum for communication and interaction with providers and users of securities settlement services within their national market.
Nacionalne skupine uporabnikov so forumi za komuniciranje in sodelovanje s ponudniki in uporabniki storitev poravnave poslov z vrednostnimi papirji znotraj njihovega nacionalnega trga.
The T2S Advisory Group is a forum for communication and interaction between the Eurosystem and external T2S stakeholders.
Svetovalna skupina za T2S je forum za komuniciranje in sodelovanje med Eurosistemom in zunanjimi deležniki v T2S.
is not a commercial venture and it is not intended to compete with CSDs or any other market participant.
nima tržnega značaja in ni namenjen konkuriranju centralnim depotnim družbam ali drugim udeležencem na trgu.
Thus, while the financial regime of T2S aims at full cost recovery, T2S services are not provided for profit.
Glede na to se storitve T2S, čeprav je cilj finančnega režima T2S polno pokrivanje stroškov, ne ponujajo z namenom ustvarjanja dobička.
An internal decision will be taken on the total investment in T2S for the Eurosystem, while the decision on the pricing of T2S services will aim at full cost recovery.
O skupni investiciji v T2S za Eurosistem bo sprejeta interna odločitev, cilj odločitve o oblikovanju cen za storitve T2S pa bo polno pokrivanje stroškov.
Moreover, the Eurosystem should strictly apply the principle of non-discrimination regarding CSDs, and aim to ensure a level playing field among CSDs outsourcing their settlement platform to T2S.
Poleg tega bi moral Eurosistem dosledno spoštovati načelo nediskriminacije v zvezi s centralnimi depotnimi družbami in si prizadevati za zagotovitev enakih konkurenčnih pogojev za centralne depotne družbe, ki bodo svojo platformo za poravnavo prenesle na T2S.
is a technical device that will not only be available for settlement in euro, it will also be open to non-euro area NCBs and other central banks that may wish to participate by making their currency available for central bank money settlement in T2S, as provided for in this Guideline,
je tehničen mehanizem, ki ne bo na voljo zgolj za poravnavo v eurih, dostopen bo tudi NCB zunaj euroobmočja in drugim centralnim bankam, ki bi želele sodelovati tako, da bi dale svoje valute na voljo za poravnavo v centralnobančnem denarju v T2S, kakor je določeno v tej smernici –
shall be based on a single technical platform integrated with central bank real-time gross settlement systems.
temelji na enotni tehnični platformi, integrirani s sistemi centralnih bank za bruto poravnavo v realnem času.
It shall be a service provided by the Eurosystem to CSDs allowing for the core, neutral and borderless settlement of securities transactions on a delivery-versus-payment basis in central bank money.
Je služba, ki jo Eurosistem zagotavlja centralnim depotnim družbam in omogoča temeljno, nevtralno in brezmejno poravnavo transakcij z vrednostnimi papirji po načelu dostava proti plačilu v centralnobančnem denarju.
This Guideline lays down the rules on the governance of the T2S Programme.
Ta smernica določa pravila upravljanja programa T2S.
It also lays down the main features of the T2S Programme, defining the respective roles and responsibilities of the T2S Programme Board and the 4CB, and the relations between them during the specification and development phase.
Določa tudi glavne značilnosti programa T2S, pri čemer opredeljuje vloge in odgovornosti Odbora za program T2S in 4CB ter odnose med njimi v fazi priprave specifikacij in razvoja.
It also specifies the main decisions to be taken in relation to T2S by the Governing Council.
Opredeljuje tudi glavne odločitve, ki jih mora v zvezi s T2S sprejeti Svet ECB.
Moreover, this Guideline provides for the basic principles of all of the following in relation to T2S: (a) the financial regime, rights and warranties; (b) how the access of CSDs and contractual relations with CSDs will be determined; (c) how currencies other than the euro become eligible for use in T2S; and (d) the development of the T2S Programme.
Poleg tega ta smernica določa osnovna načela za vsa naslednja vprašanja v zvezi s T2S: (a) finančni režim, pravice in jamstva; (b) kako bodo določeni dostop centralnih depotnih družb in pogodbeni odnosi z njimi; (c) kako postanejo valute, ki niso euro, primerne za uporabo v T2S; in (d) razvoj programa T2S.
‘central securities depository’ (CSD) means an entity that: (a) enables securities transactions to be processed and settled by book entry; (b) provides custodial services, e.g. the administration of corporate actions and redemptions; and (c) plays an active role in ensuring the integrity of issues of securities,
„centralna depotna družba“ pomeni subjekt, ki: (a) omogoča obdelavo in poravnavo transakcij z vrednostnimi papirji z vpisi na računih; (b) zagotavlja skrbniške storitve, npr. upravljanje korporacijskih dejanj in odkupov; in (c) ima dejavno vlogo pri zagotavljanju integritete izdaj vrednostnih papirjev,
‘delivery versus payment’ means a mechanism that links a securities transfer and a funds transfer in such a way as to ensure that delivery of securities occurs only if payment of funds occurs,
„dostava proti plačilu“ pomeni mehanizem, ki povezuje prenos vrednostnih papirjev in prenos denarnih sredstev na način, s katerim se zagotovi, da se dostava vrednostnih papirjev opravi samo, če se opravi plačilo denarnih sredstev,
‘euro area NCB’ means the national central bank (NCB) of a Member State whose currency is the euro,
„NCB euroobmočja“ pomeni nacionalno centralno banko (NCB) države članice, katere valuta je euro,
‘Eurosystem central bank’ means either a euro area NCB or the ECB, as the case may be,
„centralna banka Eurosistema“ pomeni bodisi NCB euroobmočja bodisi ECB, odvisno od primera,
‘Framework Agreement’ means the contractual framework to be entered into by a CSD and the Eurosystem for the development and operational phase,
„okvirni sporazum“ pomeni pogodbeni okvir, ki ga skleneta centralna depotna družba in Eurosistem za fazi razvoja in delovanja,
‘general functional specifications’ (GFS) means a general description of the functional solution to be developed to satisfy the T2S user requirements.
„splošne funkcijske specifikacije“ (General functional specifications – GFS) pomenijo splošen opis funkcijske rešitve, ki se razvije, da bi izpolnila zahteve uporabnikov T2S.
It will include elements such as the functional architecture (domains, modules and interactions), the conceptual models, the data model or the data flow process,
Vključeval bo elemente, kot so funkcijska zgradba (domene, moduli in medsebojni vplivi), konceptualni modeli, podatkovni model ali proces toka podatkov,
‘Level 2-Level 3 agreement’ means the supply and operation agreement that is negotiated between the T2S Programme Board and the 4CB, endorsed by the Governing Council and subsequently signed by the Eurosystem central banks and the 4CB.
„sporazum med ravnema 2 in 3“ pomeni sporazum o dobavi in upravljanju, ki ga uskladijo Odbor za program T2S in 4CB, odobri ga Svet ECB, nato pa ga podpišejo centralne banke Eurosistema in 4CB.
It contains the additional details of the tasks and responsibilities of the 4CB, the T2S Programme Board and the Eurosystem central banks,
Vsebuje dodatne podrobnosti o nalogah in odgovornostih 4CB, Odbora za program T2S in centralnih bank Eurosistema,
‘Member State’ means a country that is a member of the Union,
„država članica“ pomeni državo, ki je članica Unije,
‘non-euro area NCB’ means the NCB of a Member State whose currency is not the euro,
„NCB zunaj euroobmočja“ pomeni NCB države članice, katere valuta ni euro,
‘operational phase’ means the time period starting once the first CSD has migrated to T2S,
„faza delovanja“ pomeni obdobje, ki se začne, ko prva centralna depotna družba migrira v T2S,
‘other central bank’ means the central bank of a country that is outside the Union,
„druga centralna banka“ pomeni centralno banko države zunaj Unije,
‘payment schedule’ means a schedule indicating the payment sequence for instalments of reimbursement to the 4CB,
„razpored plačil“ pomeni razpored, ki prikazuje zaporedje plačil obrokov za povrnitev stroškov 4CB,
‘service level agreement’ means both the agreement defining the level of services to be provided by the 4CB to the Eurosystem, and the agreement defining the level of services to be provided by the Eurosystem to the CSDs, in relation to T2S,
„dogovor o ravni storitev“ pomeni tako dogovor, ki opredeljuje raven storitev, ki jih 4CB zagotavljajo Eurosistemu, kakor tudi dogovor, ki opredeljuje raven storitev, ki jih Eurosistem zagotavlja centralnim depotnim družbam, zvezi s T2S,
‘specification and development phase’ means the time period beginning with the approval of the URD by the Governing Council and ending with the start of the operational phase,
„faza priprave specifikacij in razvoja“ pomeni obdobje, ki se začne, ko Svet ECB potrdi URD, in konča z začetkom faze delovanja,
business application’ means the software developed and operated by the 4CB on behalf of the Eurosystem in view of enabling the Eurosystem to provide T2S services on the T2S platform,
„poslovna aplikacija T2S“ pomeni programsko opremo, ki jo v imenu Eurosistema razvijajo in upravljajo 4CB z namenom, da se Eurosistemu omogoči zagotavljanje storitev T2S na platformi T2S,
Change and Release Management Procedure’ means a set of rules and procedures that is applied whenever a change to T2S services is initiated,
„postopek upravljanja s spremembami in izdajami T2S“ pomeni niz pravil in postopkov, ki se uporabi vedno, kadar se sproži spreminjanje storitev T2S,
financial envelope’ means the upper boundary for the total cost of T2S to be reimbursed.
„finančni okvir T2S“ pomeni zgornjo mejo skupnih stroškov T2S, ki se povrnejo.
The financial envelope determines: (a) for the participating NCBs the maximum amount to be paid for T2S; and (b) for the 4CB the amount they get back from the participating NCBs on delivery, based on the agreed payment schedule,
Finančni okvir določa (a) za sodelujoče NCB najvišji znesek, ki ga plačajo za T2S, in (b) za 4CB znesek, ki jim ga sodelujoče NCB vrnejo ob dobavi, na podlagi dogovorjenega razporeda plačil,
platform’ means, for the purposes of this Guideline and notwithstanding the use of the term T2S platform in other T2S related documentation, the hardware and all software components (i.e. all software used excluding the T2S business application) required to run and operate the T2S business application,
„platforma T2S“ v tej smernici in ne glede na uporabo pojma platforma T2S v drugi dokumentaciji v povezavi s T2S pomeni strojno opremo in vse komponente programske opreme (tj. vso uporabljeno programsko opremo, razen poslovne aplikacije T2S), potrebne za delovanje in upravljanje poslovne aplikacije T2S,
Programme’ means the set of related activities and deliverables needed to develop T2S until the full migration of all CSDs which have signed the Framework Agreement with the Eurosystem,
„program T2S“ pomeni niz povezanih dejavnosti in dobav, ki so potrebne za razvoj T2S do popolne migracije vseh centralnih depotnih družb, ki so z Eurosistemom podpisale okvirni sporazum,
Programme Board’ means the Eurosystem management body established pursuant to Decision ECB/2009/6, which has the task of developing proposals for the Governing Council on key strategic issues and executing tasks of a purely technical nature in relation to T2S,
„Odbor za program T2S“ pomeni organ upravljanja v Eurosistemu, ustanovljen na podlagi Sklepa ECB/2009/6, katerega naloga je priprava predlogov za Svet ECB o ključnih strateških vprašanjih in izvrševanje nalog izključno tehnične narave v zvezi s T2S,
project account’ means the T2S account used to collect and distribute instalments, reimbursement and fees.
„račun projekta T2S“ pomeni račun T2S, ki se uporablja za zbiranje in razdeljevanje plačil obrokov, povračil stroškov in nadomestil.
The project account can have sub-accounts to separate different kinds of cash flows.
Račun projekta ima lahko podračune, da se ločijo različne vrste denarnih tokov.
It does not have a budgetary character,
Nima proračunskega značaja,
services’ means the services to be provided by the Eurosystem to CSDs on the basis of the Framework Agreement,
„storitve T2S“ pomenijo storitve, ki jih bo Eurosistem zagotavljal centralnim depotnim družbam na podlagi okvirnega sporazuma,
users’ means legal entities which, for the purposes of T2S, have entered into a contractual relationship with CSDs that have signed the Framework Agreement with the Eurosystem.
„uporabniki T2S“ pomenijo pravne subjekte, ki so za namene T2S sklenili pogodbeno razmerje s centralnimi depotnimi družbami, ki so podpisale okvirni sporazum z Eurosistemom.
It also includes payment banks which have a contractual relationship with central banks and provide liquidity on a T2S dedicated cash account through a real-time gross settlement system account to a financial institution, settling in T2S,
Vključujejo tudi banke plačnice, ki so v pogodbenem razmerju s centralnimi bankami in finančni instituciji, ki poravnava v T2S, zagotavljajo likvidnost na namenskem denarnem računu za T2S prek računa v sistemu za bruto poravnavo v realnem času,
‘User detailed functional specifications (UDFS)’ means a detailed description of the functions managing the T2S external data flows (from application to application).
„podrobne funkcijske specifikacije za uporabnike“ (User detailed functional specifications – UDFS) pomenijo podroben opis funkcij upravljanja zunanjih tokov podatkov v zvezi s T2S (od aplikacije do aplikacije).