natgillin/translations-raw huggingface dataset:
Euro area non-financial corporate issuers or guarantors: If the high credit standards for marketable assets which are issued/guaranteed by non-financial corporations [83] established in the euro area cannot be established on the basis of an ECAI credit assessment for the issue, issuer or guarantor, the ECAF rules for credit claims will be applicable and counterparties are allowed to make use of their own IRB system, NCBs’ in-house credit assessment systems or third-party rating tools.
Izdajatelji ali garanti iz sektorja nefinančnih družb v euroobmočju: Če za tržno finančno premoženje, ki so ga izdale ali zanj jamčijo neﬁnančne družbe [83], ustanovljene v euroobmočju, visokih bonitetnih standardov ni mogoče ugotoviti na podlagi bonitetne ocene zunanje bonitetne institucije za izdajo, izdajatelja ali garanta, se uporabijo pravila bonitetnega okvira Eurosistema za bančna posojila, nasprotne stranke pa lahko uporabijo tudi lasten interni bonitetni sistem, interni bonitetni sistem NCB ali bonitetna orodja zunanjih ponudnikov.
The non-rated marketable debt instruments issued by non-financial corporations are not included in the public list of eligible marketable assets.
Tržni dolžniški instrumenti, ki so jih izdale nefinančne družbe in so brez bonitetne ocene, niso vključeni na javno listo primernega tržnega ﬁnančnega premoženja.
Implicit credit assessments for euro area regional government, local authority and public sector entity issuers, debtors or guarantors without an ECAI credit assessment
Implicitna bonitetna ocena za izdajatelja, dolžnika ali garanta, ki je institucionalna enota regionalne ravni države, lokalni organ ali oseba javnega sektorja brez bonitetne ocene zunanje bonitetne institucije
Allocation of issuers, debtors or guarantors following the CRD
Razporeditev izdajateljev, dolžnikov ali garantov po Direktivi o kapitalskih zahtevah
ECAF derivation of the implicit credit assessment of the issuer, debtor or guarantor belonging to the corresponding class
Izpeljava implicitne bonitetne ocene znotraj bonitetnega okvira Eurosistema za izdajatelja, dolžnika ali garanta, ki spada v ustrezen razred
Regional governments, local authorities and PSEs that, according to competent supervisory authorities, can be treated equally to the central government for capital requirements purposes
Institucionalne enote regionalne ravni države, lokalni organi in osebe javnega sektorja, ki jih pristojni nadzorni organ obravnava na enak način kot institucionalne enote centralne ravni države za namene kapitalskih zahtev
Allocated the ECAI credit assessment of the central government of the country in which it is established
Dodeljena je bonitetna ocena zunanje bonitetne institucije za institucionalne enote centralne ravni države, kjer je oseba ustanovljena
Regional governments, local authorities and PSEs that according to competent supervisory authorities can be treated equally to [credit] institutions for capital requirements purposes
Institucionalne enote regionalne ravni države, lokalni organi in osebe javnega sektorja, ki jih pristojni nadzorni organ obravnava na enak način kot (kreditne) institucije za namene kapitalskih zahtev
Allocated a credit assessment one credit quality step [84] below the ECAI credit assessment of the central government of the country in which it is established
Dodeljena je bonitetna ocena, ki je eno stopnjo kreditne kvalitete [84] nižja od bonitetne ocene zunanje bonitetne institucije za institucionalne enote centralno ravni države, kjer je oseba ustanovljena
Class 3
Razred 3
Other PSEs
Druge osebe javnega sektorja
Treated like private sector issuers or debtors
Obravnavajo se kot izdajatelji ali dolžniki zasebnega sektorja
In order to establish the requirement for high credit standards for the debtors or guarantors of credit claims, counterparties have to select one main credit assessment source from among those that are available and accepted by the Eurosystem.
Za določitev zahtevanih visokih bonitetnih standardov, ki jih morajo izpolnjevati dolžniki ali garanti bančnih posojil, morajo nasprotne stranke izmed virov, ki so na voljo in jih Eurosistem sprejme, izbrati en glavni bonitetni vir.
A counterparty will select one system from an available credit assessment source, except in the case of ECAIs, where all accepted ECAI systems may be used.
Nasprotna stranka iz razpoložljivega bonitetnega vira izbere en sistem, razen v primeru zunanjih bonitetnih institucij, kjer se lahko uporabijo vsi sprejeti sistemi zunanjih bonitetnih institucij.
Counterparties have to stick to the selected source for a minimum period of 1 year so as to preclude ‘hopping’ between credit assessments (i.e. looking for the best credit assessment that guarantees eligibility among all available sources or systems on a debtor-by-debtor basis).
Nasprotne stranke se morajo izbranega vira držati najmanj eno leto, da bi preprečili prehajanje med bonitetnimi ocenami (tj. iskanje najboljše bonitetne ocene, ki med vsemi razpoložljivimi viri ali sistemi zagotavlja primernost za vsakega dolžnika posebej).
Counterparties wishing to change credit assessment sources after the minimum period of 1 year have to submit a reasoned request to the relevant NCB.
Nasprotne stranke, ki bi po enem letu želele zamenjati bonitetni vir, morajo ustrezni NCB predložiti utemeljeno zahtevo.
Counterparties may be allowed to use more than one system or source upon submission of a reasoned request.
Ob predložitvi utemeljene zahteve lahko nasprotne stranke uporabijo več kot en sistem ali vir.
The main credit assessment source chosen is expected to cover the largest number of submitted debtors by the counterparty.
Glavni izbrani bonitetni vir naj bi pokrival največje število dolžnikov, ki jih predloži nasprotna stranka.
The use of more than one credit assessment source or system should be supported by the existence of an adequate business case.
Uporaba več kot enega bonitetnega vira ali sistema naj bi bila utemeljena z zadostnim poslovnim razlogom.
In principle, such a case could stem from a lack of sufficient coverage of the primary credit assessment source or system.
Načeloma je lahko tak razlog pomanjkljivo zajetje glavnega bonitetnega vira ali sistema.
Counterparties must inform the NCB promptly of any credit event, including a delay of payments by the submitted debtors, that is known to the counterparty and, if necessary, withdraw or replace the assets.
Nasprotne stranke morajo NCB takoj obvestiti o kakršnem koli kreditnem dogodku, ki jim je poznan, vključno z zamudo pri plačilu s strani predloženega dolžnika, ter po potrebi umakniti ali zamenjati finančno premoženje.
Furthermore, counterparties are responsible for ensuring that they use the most recent credit assessment updates available from their selected credit assessment system or source for the debtors [85] or guarantors of submitted assets.
Poleg tega so nasprotne stranke odgovorne, da zagotovijo uporabo najnovejših bonitetnih ocen dolžnikov [85] ali garantov predloženega finančnega premoženja, ki so na voljo pri izbranem bonitetnem sistemu ali viru.
Credit assessments of debtors/guarantors: The high credit standards of the debtors or guarantors of credit claims are established according to rules differentiating between public sector and non-financial corporate debtors/guarantors:
Bonitetna ocena dolžnikov/garantov: visoki bonitetni standardi dolžnikov ali garantov bančnih posojil se določijo v skladu s pravili, ki razlikujejo med dolžniki/garanti javnega sektorja in tistimi iz sektorja nefinančnih družb:
Public sector debtors or guarantors: The following rules are applied in a sequential order:
dolžniki ali garanti javnega sektorja: naslednja pravila se uporabljajo v zaporednem vrstnem redu:
A credit assessment from the system or source selected by the counterparty exists and is used to establish whether the public sector debtor or guarantor meets the credit quality threshold.
bonitetna ocena, izdelana s pomočjo sistema ali vira, ki ga je izbrala nasprotna stranka, obstaja in s to oceno se ugotavlja, ali dolžnik ali garant javnega sektorja dosega prag kreditne kvalitete;
In the absence of a credit assessment under (i), an ECAI credit assessment of the debtor or guarantor is used [86].
če bonitetna ocena iz (i) ni na voljo, se uporabi bonitetna ocena zunanje bonitetne institucije za dolžnika ali garanta; [86]
If no credit assessment is available under either (i) or (ii), the same procedure as for marketable assets applies:
če niti bonitetna ocena iz (i) niti bonitetna ocena iz (ii) nista na voljo, velja enak postopek kot pri tržnem finančnem premoženju:
The debtor or guarantor is allocated to one of three classes in accordance with the CRD [87] as explained in Table 5.
dolžnik ali garant se razporedi v enega od treh razredov v skladu z Direktivo o kapitalskih zahtevah [87], kot je prikazano v tabeli 5;
An implicit credit assessment for debtors or guarantors belonging to classes 1 and 2 is derived from the ECAI credit assessment of the central government of the country where the debtor or guarantor is established.
implicitna bonitetna ocena za dolžnike ali garante, ki spadajo v razred 1 ali 2, se izpelje iz bonitetne ocene zunanje bonitetne institucije za institucionalne enote centralne ravni države, kjer je dolžnik ali garant ustanovljen.
This implicit assessment has to meet the Eurosystem credit quality threshold.
Implicitna bonitetna ocena mora dosegati Eurosistemov prag kreditne kvalitete.
If a credit assessment from the system or source selected by the counterparty (or from an ECAI in case (ii) for public sector debtors or guarantors) exists but is below the credit quality threshold, the debtor or guarantor is ineligible.
Če bonitetna ocena, izdelana s pomočjo sistema ali vira, ki ga je izbrala nasprotna stranka (ali jo je v primeru (ii) za dolžnika ali garanta javnega sektorja izdelala zunanja bonitetna institucija), obstaja, vendar ne dosega praga kreditne kvalitete, dolžnik ali garant ni primeren;
Non-financial corporate debtors or guarantors: If the source selected by the counterparty provides a credit assessment equal to or exceeding the credit quality threshold, the debtor or guarantor is eligible [88], [89].
dolžniki ali garanti iz sektorja nefinančnih družb: če vir, ki ga je izbrala nasprotna stranka, izdela bonitetno oceno, ki je enaka pragu kreditne kvalitete ali ga presega, je dolžnik ali garant primeren [88], [89].
If a credit assessment from the system or source selected by the counterparty exists but is below the credit quality threshold, the debtor or guarantor is ineligible.
Če bonitetna ocena, izdelana s pomočjo sistema ali vira, ki ga je izbrala nasprotna stranka, obstaja, vendar ne dosega praga kreditne kvalitete, dolžnik ali garant ni primeren.
Guarantees: A guarantee must meet the following requirements:
Jamstva: jamstvo mora izpolnjevati naslednje zahteve:
In this regard, a guarantee deemed acceptable does not need to be specific to the credit claim but might apply to the debtor only, provided that it also covers the credit claim in question.
V zvezi s tem ni nujno, da se jamstvo, ki velja za sprejemljivo, nanaša na prav določeno bančno posojilo, ampak lahko velja le za dolžnika pod pogojem, da zajema tudi zadevno bančno posojilo;
The legal confirmation should be submitted for review to the NCB in the jurisdiction of the law governing the credit claim.
Pravno potrditev je treba predložiti v pregled NCB v pravnem sistemu zakonodaje, ki ureja bančno posojilo.
The need for a legal confirmation does not apply to guarantees given by public entities entitled to levy taxes.
Pravna potrditev ni potrebna za jamstva, ki jih izdajo osebe javnega prava, ki so upravičene do odmerjanja davkov.
The high credit standards for non-marketable RMBDs must be in line with credit quality step 2 of the Eurosystem’s harmonised rating scale [90].
Visoki bonitetni standardi za netržne hipotekarne dolžniške instrumente morajo biti skladni s stopnjo kreditne kvalitete 2 na usklajeni lestvici bonitetnih ocen Eurosistema [90].
A jurisdiction-specific credit assessment framework for these debt instruments will be specified in the applicable national documentation by the NCBs.
Bonitetni okvir za te dolžniške instrumente, ki upošteva posebnosti posameznega pravnega sistema, bodo v ustreznih nacionalnih dokumentih opredelile NCB.
The ECAF builds on credit assessment information from four sources.
Bonitetni okvir Eurosistema temelji na bonitetnih ocenah iz štirih virov.
Under each source, there might be a set of credit assessment systems.
Znotraj vsakega vira lahko obstaja niz bonitetnih sistemov.
The accepted ECAIs, ICASs and third-party RTs and their providers are listed on the ECB’s website at www.ecb.europa.eu [91].
Sprejete zunanje bonitetne institucije, interni bonitetni sistemi NCB in bonitetna orodja zunanjih ponudnikov ter njihovi ponudniki so navedeni na spletnih straneh ECB na naslovu www.ecb.europa.eu [91].
External credit assessment institution source
Zunanje bonitetne institucije
The ECAI source encompasses those institutions whose credit assessments may be used by credit institutions for determining the risk weight of exposures according to the CRD [92].
Ta vir obsega tiste institucije, katerih bonitetne ocene lahko kreditne institucije uporabijo pri dodeljevanju uteži tveganja izpostavljenostim v skladu z Direktivo o kapitalskih zahtevah [92].
For the purposes of the ECAF, the general acceptance criteria for ECAIs are the following:
Za namene bonitetnega okvira Eurosistema so splošna merila sprejemljivosti, ki veljajo za zunanje bonitetne institucije, naslednja:
ECAIs must be formally recognised by the relevant Union supervisory authority for the euro area countries in which they will be used, in line with the CRD.
zunanjo bonitetno institucijo mora formalno priznati ustrezen nadzorni organ Unije v tistih državah euroobmočja, kjer se bo institucija uporabljala, v skladu z Direktivo o kapitalskih zahtevah;
ECAIs must fulfil operational criteria and provide relevant coverage so as to ensure the efficient implementation of the ECAF.
zunanja bonitetna institucija mora izpolnjevati operativna merila in zagotoviti ustrezno pokritost, da bi zagotovili učinkovito izvajanje bonitetnega okvira Eurosistema.
In particular, the use of their credit assessments is subject to the availability to the Eurosystem of information on these assessments, as well as information for the comparison and the assignment (mapping) of the assessments with the ECAF credit quality steps and the credit quality threshold and for the implementation of performance monitoring (see Section 6.3.5).
Bonitetne ocene se uporabljajo zlasti pod pogojem, da ima Eurosistem na voljo informacije o teh ocenah kakor tudi informacije, potrebne za primerjavo in vzporeditev ocen s stopnjami kreditne kvalitete bonitetnega okvira Eurosistema in pragom kreditne kvalitete ter za spremljanje zanesljivosti (glej oddelek 6.3.5).
The Eurosystem reserves the right to decide whether it accepts an ECAI for its lending operations, making use, among other factors, of its performance monitoring process.
Eurosistem si pridržuje pravico, da odloči, ali bo pri svojih operacijah posojanja sprejel zunanjo bonitetno institucijo, pri čemer med drugim upošteva tudi spremljanje zanesljivosti.
NCB in-house credit assessment system source
Interni bonitetni sistem NCB
The ICAS source currently consists of the four credit assessment systems operated by the Deutsche Bundesbank, the Banco de España, the Banque de France and the Oesterreichische Nationalbank.
Ta vir trenutno obsega štiri bonitetne sisteme, ki jih upravljajo centralne banke Deutsche Bundesbank, Banco de España, Banque de France in Oesterreichische Nationalbank.
NCBs deciding to develop their own ICAS would be subject to a validation procedure by the Eurosystem.
NCB, ki bi želele razviti svoj interni bonitetni sistem, morajo skozi postopek potrditve, ki ga opravi Eurosistem.
ICASs are subject to the Eurosystem performance monitoring process (see Section 6.3.5).
Eurosistem nadzira interne bonitetne sisteme NCB prek spremljanja zanesljivosti (glej oddelek 6.3.5).
Furthermore, the counterparty must inform the ICAS NCB promptly about any credit event that is known only to the counterparty, including a delay of payments by the submitted debtors.
Poleg tega mora nasprotna stranka takoj obvestiti interni bonitetni sistem NCB o kakršnem koli kreditnem dogodku, ki je poznan le njej, vključno z zamudo pri plačilu s strani predloženega dolžnika.
Moreover, in countries in which RMBDs are mobilised, the respective NCB implements a credit assessment framework for this type of asset in accordance with the ECAF.
V državah, kjer nasprotne stranke mobilizirajo netržne hipotekarne dolžniške instrumente, zadevna NCB vzpostavi bonitetni okvir za to vrsto finančnega premoženja v skladu z bonitetnim okvirom Eurosistema.
Such frameworks are subject to a yearly performance monitoring process.
Takšen okvir je predmet letnega spremljanja zanesljivosti.
Internal ratings-based system source
Interni bonitetni sistemi
A counterparty intending to use an IRB system to assess the credit quality of the debtors, issuers or guarantors of eligible debt instruments has to obtain the permission of its home NCB.
Nasprotna stranka, ki namerava za oceno kreditne kvalitete dolžnika, izdajatelja ali garanta primernega dolžniškega instrumenta uporabiti interni bonitetni sistem, mora pridobiti dovoljenje svoje domače NCB.
For that purpose, it must file a request, together with the following documents [93]:
Za to mora vložiti prošnjo skupaj z naslednjimi dokumenti [93]:
a copy of the decision of the relevant banking supervisory authority within the Union authorising the counterparty to use its IRB system for capital requirements purposes on a consolidated or unconsolidated basis, together with any specific conditions for such use.
kopijo sklepa ustreznega bančnega nadzornega organa v Uniji, ki dovoljuje nasprotni stranki, da za namene kapitalskih zahtev na konsolidirani ali nekonsolidirani osnovi uporabi svoj interni bonitetni sistem, skupaj z vsemi posebnimi pogoji uporabe.
Such a copy is not requested when such information is transmitted directly by the relevant supervisory authority to the relevant NCB;
Ta kopija ni potrebna, če ustrezni nadzorni organ predloži te informacije neposredno zadevni NCB;
information on its approach to assigning probabilities of default to debtors, as well as data on the rating grades and associated 1-year probabilities of default used to determine eligible rating grades;
informacije o pristopu, ki ga nasprotna stranka uporablja pri dodelitvi stopnje verjetnosti neplačila dolžniku, ter podatke o bonitetnih ocenah in enoletnih verjetnostih neplačila, ki se uporabljajo pri določanju primernih bonitetnih ocen;
a copy of the Pillar 3 (market discipline) information that the counterparty is required to publish on a regular basis in accordance with the requirements on market discipline under Pillar 3 of the Basel II framework and the CRD;
kopijo informacij po tretjem stebru (tržna disciplina), ki jih mora nasprotna stranka redno objavljati v skladu z zahtevami glede tržne discipline znotraj tretjega stebra v okviru kapitalskega sporazuma Basel II in Direktive o kapitalskih zahtevah;
the name and the address of both the competent banking supervisor and the external auditor.
ime in naslov pristojnega bančnega nadzornika ter zunanjega revizorja.
The request has to be signed by the counterparty’s chief executive officer (CEO), chief financial officer (CFO) or a manager of similar seniority, or by an authorised signatory on behalf of one of them.
Prošnjo mora podpisati glavni izvršni direktor, finančni direktor ali vodilni uslužbenec nasprotne stranke na podobno visokem položaju oziroma pooblaščeni podpisnik v imenu enega od njih.
The above provisions apply to all counterparties regardless of their status – parent, subsidiary or branch – and regardless of whether the endorsement of the IRB system comes from the supervisor in the same country (for a parent company and possibly for subsidiaries) or from a supervisor in the home country of the parent (for branches and possibly for subsidiaries).
Zgornje določbe veljajo za vse nasprotne stranke ne glede na njihov status (matično podjetje, hčerinsko podjetje ali podružnica) in ne glede na to, ali interni bonitetni sistem potrdi nadzornik v isti državi (ko gre za matično oziroma tudi hčerinsko podjetje) ali nadzornik v državi matičnega podjetja (ko gre za podružnico oziroma tudi hčerinsko podjetje).
Any branch or subsidiary of a counterparty may rely on the IRB system of its parent if the Eurosystem has accepted the use of the IRB system for ECAF purposes.
Vsaka podružnica ali hčerinsko podjetje nasprotne stranke lahko uporablja interni bonitetni sistem matičnega podjetja, če je Eurosistem sprejel uporabo tega bonitetnega sistema za namene bonitetnega okvira Eurosistema.
Counterparties using an IRB system as described above are also subject to the Eurosystem performance monitoring process (see Section 6.3.5).
Nasprotne stranke, ki uporabljajo interni bonitetni sistem, kot je opisano zgoraj, so tudi predmet postopka Eurosistema za spremljanje zanesljivosti (glej oddelek 6.3.5).
In addition to the information requirements for this process, the counterparty is under an obligation to communicate the following information on an annual basis (or as and when required by the relevant NCB) unless such information is transmitted directly by the relevant supervisory authority to the relevant NCB:
Poleg zahtevanih informacij v okviru tega postopka mora nasprotna stranka vsako leto (oziroma takrat, ko to zahteva zadevna NCB) sporočiti tudi naslednje informacije, razen če ustrezni nadzorni organ predloži te informacije neposredno zadevni NCB:
a copy of the most up-to-date assessment of the counterparty’s IRB system by the counterparty’s supervisor translated in a working language of the home NCB;
kopijo najnovejše ocene internega bonitetnega sistema nasprotne stranke, ki jo je izdelal nadzornik nasprotne stranke, prevedene v delovni jezik domače NCB;
any changes to the counterparty’s IRB system recommended or required by the supervisor, together with the deadline by which such changes must be implemented;
kakršno koli spremembo v internem bonitetnem sistemu nasprotne stranke, ki jo je priporočil ali zahteval nadzornik, skupaj z rokom, do katerega je treba spremembo izvesti;
the annual update of the Pillar 3 (market discipline) information that the counterparty is required to publish on a regular basis in accordance with the requirements of the Basel II framework and the CRD;
letno dopolnjene informacije po tretjem stebru (tržna disciplina), ki jih mora nasprotna stranka redno objavljati v skladu z zahtevami tretjega stebra v okviru kapitalskega sporazuma Basel II in Direktive o kapitalskih zahtevah;
information on the competent banking supervisor and the external auditor.
informacije o pristojnem bančnem nadzorniku ter zunanjem revizorju.
This yearly communication has to be signed by the counterparty’s CEO, CFO or a manager of similar seniority, or by an authorised signatory on behalf of one of them.
Zgoraj navedene letne informacije mora podpisati glavni izvršni direktor, finančni direktor ali vodilni uslužbenec nasprotne stranke na podobno visokem položaju oziroma pooblaščeni podpisnik v imenu enega od njih.
The relevant supervisor and, where applicable, the external auditor of the counterparty receive a copy of this letter from the Eurosystem.
Eurosistem pošlje kopijo tega pisma ustreznemu nadzorniku in, kjer je to primerno, zunanjemu revizorju nasprotne stranke.
Third-party rating tool source
Bonitetna orodja zunanjih ponudnikov
The RT source consists of entities that assess the credit quality of debtors by using primarily quantitative models in a systematic and mechanical manner, relying among other information on audited accounts, and whose credit assessments are not intended for general public disclosure.
Ta vir vključuje subjekte, ki ocenjujejo boniteto dolžnikov predvsem s sistematično in mehanično uporabo kvantitativnih modelov, pri čemer poleg drugih informacij uporabljajo revidirane računovodske izkaze, njihove bonitetne ocene pa niso namenjene za razkritje splošni javnosti.