natgillin/translations-raw huggingface dataset:
Pursuant to the Law of 15 October 2008 [11] on measures to promote financial stability and introducing in particular a State guarantee on credits granted and other operations conducted in the context of financial stability, the credits granted by the BNB to Dexia are covered by the guarantee from the Belgian State automatically and with retroactive effect.
V skladu z zakonom z dne 15. oktobra 2008 [11] o ukrepih za spodbujanje finančne stabilnosti in zlasti uvedbi državnega jamstva za dodeljena posojila in druge transakcije v zvezi s finančno stabilnostjo so posojila, ki jih je BNB dodelila skupini Dexia, samodejno in z učinkom za nazaj zavarovana z jamstvom države Belgije.
This guarantee does not cover the portion of the LA operation granted on behalf of the Banque de France.
To jamstvo se ne nanaša na del ukrepa likvidnostne pomoči, izvedenega za račun Banque de France.
According to the information communicated by the BNB to the Commission, the LA operation was approved by the Governing Council of the European Central Bank (‘ECB’) up to a maximum amount of EUR […] billion. This facility was used by Dexia essentially between October and November 2008.
Glede na informacije, ki jih je BNB poslala Komisiji, je Svet Evropske centralne banke (v nadaljnjem besedilu: ECB) ukrep likvidnostne pomoči odobril v najvišjem znesku […] milijard EUR. Dexia je ta sredstva v glavnem porabila med oktobrom in novembrom 2008.
In its decision of 19 November 2008 mentioned above, the Commission authorised the LA operation as an emergency rescue measure for a period of six months from its establishment.
Komisija je v zgoraj navedeni odločitvi z dne 19. novembra 2008 za šest mesecev odobrila ukrep likvidnostne pomoči kot nujni ukrep za reševanje.
However, in its notification to the Commission of the Dexia restructuring plan, on 17 February 2009, the Belgian Government also requested, as a precautionary measure, the extension until 31 October 2009 of the possibility of Dexia using LA operations provided by the BNB, if the Commission were to consider that this measure contained State aid elements.
Vendar je belgijska vlada v načrtu za prestrukturiranje skupine Dexia, ki ga je Komisiji priglasila 17. februarja 2009, preventivno zaprosila tudi za podaljšanje možnosti, da Dexia BNB zaprosi za ukrepe likvidnostne pomoči, do 31. oktobra 2009, če bi Komisija ugotovila, da ta ukrep vsebuje elemente državne pomoči.
THE FSA MEASURE
UKREP ZA DRUŽBO FSA
To recap, the Financial Products (‘FP’) activity was excluded from the FSA activities sold to Assured Guaranty.
Treba je opozoriti, da dejavnosti v okviru portfelja finančnih proizvodov ni bilo med dejavnostmi družbe FSA, ki so bile prenesene na družbo Assured Guaranty.
The FP activity essentially consists in (i) the collection of deposits from third parties whom FSA undertakes to remunerate for those deposits at a specific level under guaranteed investment contracts (or ‘GICs’) and (ii) the reinvestment of these deposits in securities with a higher yield than the cost of the guaranteed investments, thereby generating in principle a positive net profit margin.
Dejavnost v okviru portfelja finančnih proizvodov v glavnem obsega (i) zbiranje depozitov tretjih oseb, do katerih se FSA obveže, da jim bo depozite obrestovala po določeni stopnji v skladu s pogodbami o zajamčenih vlogah (Guaranteed Investment Contracts, v nadaljnjem besedilu: GIC) in (ii) ponovne naložbe teh depozitov v vrednostne papirje z donosom, večjim od stroškov zajamčenih vlog GIC, kar načeloma prinaša pozitivno neto obrestno maržo.
Technically, the GICs are concluded by subsidiaries of FSA (‘GIC Companies’), which, in turn, lend the proceeds of those deposits to another company in the group, FSAM, which puts together and manages the asset portfolio intended to meet the liabilities and repayment obligations towards the counterparties of the GICs.
Formalno gledano GIC sklenejo odvisne družbe FSA (v nadaljnjem besedilu: GIC Companies), ki prihodke iz teh depozitov nato posodijo drugi družbi iz skupine, FSAM, ki sestavi in upravlja portfelj sredstev, namenjen kritju dolžniških instrumentov in obveznim nadomestilom nasprotnim strankam GIC.
FSAM and the GIC Companies, which come under the FP activity, were thus excluded from the group of activities sold to Assured Guaranty and remained under Dexia’s ownership.
Ker FSAM in GIC Companies spadajo v okvir dejavnosti portfelja finančnih proizvodov, so bile izključene iz obsega dejavnosti, prenesenih na družbo Assured Guaranty, tako da so ostale del dejavnosti skupine Dexia.
FSAM’s portfolio of assets essentially comprises securities linked to the US real estate sector, whose market value and/or ratings have declined sharply due to the subprime crisis and the financial crisis.
Portfelj sredstev družbe FSAM v glavnem obsega vrednostne papirje, povezane z ameriškim nepremičninskim sektorjem, katerih tržna vrednost in/ali bonitete so se med hipotekarno (drugorazredna posojila) in finančno krizo močno znižale.
To the extent that FSA guarantees assets and liabilities of the FP activity, the exclusion of this activity from the scope of the sale necessarily means that Dexia must guarantee the FP activities, so that guarantees given by FSA are not called upon.
Ker FSA jamči za sredstva in obveznosti iz dejavnosti portfelja finančnih proizvodov, njena izključitev iz prenosa nujno pomeni, da Dexia jamči za dejavnosti portfelja finančnih proizvodov, tako da ni treba vpoklicati jamstev FSA.
Given Dexia’s difficult financial situation and the maximum theoretical amount of the guarantee under the GICs, it was vital from the point of view of the purchaser of FSA, Assured Guaranty, that Dexia should be itself guaranteed by the Belgian and French States.
Zaradi težkega finančnega položaja skupine Dexia in velikih zneskov, ki bi jih bilo teoretično mogoče vpoklicati v okviru GIC, je bilo z vidika kupca FSA, družbe Assured Guaranty, nujno, da posredno jamstvo za skupino Dexia zagotovita Belgija in Francija.
MAIN TERMS
TEMELJNE ZAHTEVE
The put is a contract under which FSAM is entitled to sell to Dexia SA and/or DCL certain assets included in the FSAM portfolio as of 30 September 2008 (totalling USD 16,98 billion in residual nominal value) upon the occurrence of certain trigger events, as listed below:
Na podlagi opcijske pogodbe lahko FSAM družbama Dexia SA in/ali DCL proda določena sredstva, ki so bila na dan 30. septembra 2008 v portfelju FSAM (v skupni vrednosti 16,98 milijarde USD nominalne odplačne vrednosti), in sicer ob nastanku nekaterih sprožilnih dogodkov, povzetih spodaj:
in the event of asset default, i.e. a failure to pay the principal or the interest due on the assets of the portfolio at the final maturity: in this case, the put relates to the assets concerned, which are sold to Dexia at their residual nominal value plus accrued interest,
ob neizpolnitvi obveznosti, povezane s sredstvi, to pomeni, če glavnica ali pripadajoče obresti na sredstva iz portfelja niso plačane ob zapadlosti: v tem primeru se prodajna opcija nanaša na zadevna sredstva, ki se skupini Dexia prodajo po nominalni odplačni vrednosti, skupaj z obračunanimi obrestmi,
in the event of Dexia’s insolvency, in which case the put relates to all the assets of FSAM’s portfolio to which the put option relates or to a number of assets with a residual nominal value equal to the total value of the liabilities pursuant to the GICs, if this amount is lower.
ob plačilni nesposobnosti skupine Dexia, ko prodajna opcija vključuje vsa sredstva iz portfelja FSAM, zavarovana s prodajno opcijo, ali sredstva, katerih nominalna odplačna vrednost je enaka skupni vrednosti obveznosti iz naslova GIC, če je drugi znesek nižji od prvega.
The assets concerned are sold at their residual nominal value plus accrued interest,
Zadevna sredstva se prodajo po nominalni odplačni vrednosti, skupaj z obračunanimi obrestmi,
in the event of liquidity default, i.e. a failure by Dexia to meet its obligations under liquidity agreements concluded or to be concluded in favour of FSAM: in this case, the put relates to a number of assets with a residual nominal value equal to the amount of the liquidity default, which are sold to Dexia at their residual nominal value plus accrued interest,
ob neizpolnitvi obveznosti v zvezi z likvidnostjo, to pomeni, če Dexia ne izpolni obveznosti iz naslova pogodb o vzdrževanju likvidnosti, ki so bile sklenjene ali jih je treba skleniti v korist FSAM: v teh primerih se prodajna opcija nanaša na sredstva, katerih nominalna odplačna vrednost je enaka znesku neizpolnitve obveznosti v zvezi z likvidnostjo, in ki se skupini Dexia prodajo po nominalni odplačni vrednosti skupaj z obračunanimi obrestmi,
in the event of collateral default, i.e. failure by Dexia to provide FSAM with collateral in an amount equal to the difference between the value of the liabilities pursuant to the GICs and the market value of the assets of FSAM, after applying a haircut to these assets: in this case, the put relates to a number of assets with a residual nominal value equal to the amount of the collateral default, which are sold to Dexia at their residual nominal value plus accrued interest.
ob neizpolnitvi obveznosti v zvezi s poroštvom, to pomeni, če Dexia družbi FSAM ne zagotovi poroštva v višini razlike med vrednostjo obveznosti iz naslova GIC in tržno vrednostjo premoženja FSAM, po odbitku marže (haircut) na ta sredstva: v tem primeru se prodajna opcija nanaša na sredstva, katerih nominalna odplačna vrednost je enaka znesku nezagotovljenega poroštva in ki se skupini Dexia prodajo po nominalni odplačni vrednosti skupaj z obračunanimi obrestmi.
Under the States’ guarantee contract, the Belgian State (62,4 %) and the French State (37,6 %) each undertake to guarantee severally, but not jointly, Dexia’s obligations under the put agreement referred to above, but after deduction of excluded assets (‘excluded assets’) to a value of approximately USD 4,5 billion so that the par value of the assets included in the portfolio to which the guaranteed put relates (‘covered assets’) is equal to USD 12,48 billion.
V okviru pogodbe o državnem jamstvu se Belgija (za 62,4 %) in Francija (za 37,6 %) zavežeta, da bosta nesolidarno jamčili za obveznosti skupine Dexia iz naslova zgoraj navedene opcijske pogodbe, vendar po odbitku izvzetih sredstev (v nadaljnjem besedilu: izvzeta sredstva) v vrednosti približno 4,5 milijarde USD, tako da zajamčeni nominalni znesek sredstev iz portfelja, zavarovanega z opcijsko pogodbo (v nadaljnjem besedilu: zavarovana sredstva), znaša 12,48 milijarde USD.
The States’ guarantee is autonomous, first demand, irrevocable and unconditional.
Državno jamstvo je nepreklicno in brezpogojno samostojno jamstvo na prvi poziv.
It is capped at a total of USD 16,98 billion (consisting of a maximum of USD 12,48 billion of repayment of residual nominal value and USD 4,5 billion of interest), which will gradually be reduced with the amortisation of the portfolio.
Najvišji skupni znesek jamstva je omejen na 16,98 milijarde USD (ki vključuje največ 12,48 milijarde USD povračila odplačne nominalne vrednosti in 4,5 milijarde USD obresti), ki se zniža hkrati z zniževanjem vrednosti portfelja.
Should one of the trigger events occur, FSAM, acting via its agent, will first of all ask Dexia to honour its commitments under the put agreement, and subsequently make that request to the States upon expiry of certain time limits in the event of default by Dexia or its bankruptcy.
FSAM bo ob nastanku sprožilnih dogodkov prek svojega zastopnika od skupine Dexia najprej zahtevala izpolnitev obveznosti na podlagi opcijske pogodbe, ob neizpolnitvi teh obveznosti ali stečaju skupine Dexia pa bo po izteku predpisanih rokov to zahtevala od zadevnih držav.
The States will be reimbursed by Dexia for being called upon under the guarantee (i) in cash where the total payments remain less than or equal to a first tranche of USD 4,5 billion and (ii) in shares and, where applicable, in profit shares, beyond that amount.
Dexia državam plača nadomestilo za njihovo jamstvo, in sicer (i) do skupnega zneska plačil, nižjega ali enakega prvi tranši v višini 4,5 milijarde USD, v gotovini, (ii) nad tem zneskom pa v delnicah in po potrebi v udeležbenih obveznicah.
However, although the excluded assets referred to above are not covered by the States’ guarantee, calls made in relation to the excluded assets will be offset against the amount of the first tranche of USD 4,5 billion, for which the States shall be entitled to direct recourse in cash against Dexia.
Čeprav zgoraj navedena nezavarovana sredstva niso zavarovana z jamstvom držav, pa se vpoklicana nezavarovana sredstva odračunajo od zneska prve tranše v višini 4,5 milijarde USD, v zvezi s katero lahko države od skupine Dexia neposredno zahtevajo povračilo v denarju.
The guarantee gives rise to remuneration payable annually by Dexia to the Belgian and French States of 113 basis points in relation to coverage of the risk of default on the guaranteed put, plus 32 basis points in relation to coverage of the risk of Dexia failing to honour its liquidity commitments towards FSAM.
Dexia Belgiji in Franciji vsako leto plača nadomestilo za jamstvo v višini 113 bazičnih točk iz naslova zavarovanja proti tveganju neizpolnitve obveznosti na podlagi zavarovane opcijske pogodbe, čemur se prišteje 32 bazičnih točk iz naslova zavarovanja proti tveganju neizpolnitve zavez o vzdrževanju likvidnosti, ki jih je Dexia dala družbi FSAM.
FSA (without FP) was sold on 1 July 2009 and the FSA measure took effect at the same time.
Prodaja družbe FSA (razen portfelja finančnih proizvodov) je bila izvedena 1. julija 2009, istočasno pa je začel veljati tudi ukrep za družbo FSA.
The latest study of the valuation of the FSAM portfolio was communicated to the Commission on 18 March 2009 and was carried out by Société Générale (‘the consultant’), the independent expert appointed by the Belgian State, on the basis of the data as at 31 January 2009.
Zadnja študija o vrednotenju portfelja FSAM je bila Komisiji poslana 18. marca 2009, na podlagi podatkov do 31. januarja 2009 pa jo je izvedlo podjetje Société Générale (v nadaljnjem besedilu: svetovalno podjetje), neodvisno izvedensko podjetje, ki ga je pooblastila Belgija.
Table 1 below shows the key data of the FSAM portfolio:
Glavni podatki o portfelju FSAM so povzeti v spodnji tabeli 1.
Key data of the FSAM portfolio (total)
Glavni podatki o portfelju FSAM (skupaj)
Asset categories
Razredi sredstev
Expected losses (baseline)
Pričak. izgube (osn. scenarij)
Expected losses (stress)
Pričak. izgube (stresni scenarij)
In million USD
V milijonih USD
As % of total
V % skupne vrednostil
RMBS standard
RMBS Standards
(without ‘wrap’)
(razen zavarovanih)
The portfolio mainly comprises ‘US RMBS standard’, accounting for nearly 64 %, and more specifically ‘subprime’ securities (44 % of the portfolio) and ‘Alt-A’ (15 % of the portfolio).
Portfelj v glavnem sestavljajo vrednostni papirji „US RMBS standards“, in sicer v skoraj 64 %, natančneje vrednostni papirji „Subprime“ (44 % portfelja) in „Alt-A“ (15 % portfelja).
To a lesser extent, the portfolio is also exposed to ‘US Agency RMBS’ (8 % of the portfolio) and to securities enhanced by monoline insurers.
Nekoliko manj je portfelj izpostavljen vrednostnim papirjem „US Agency RMBS“ (8 % portfelja) in vrednostnim papirjem, katerih kreditno kvaliteto izboljšujejo zavarovalnice za zavarovanje kreditnih tveganj.
The nominal value of the portfolio was USD 16,6 billion at 31 January 2009 and its average market value at the same date was [42,2-54,3] % of the nominal value, i.e. USD [7-9] billion.
Nominalna vrednost portfelja je 31. januarja 2009 znašala 16,6 milijarde USD, njegova povprečna tržna vrednost na isti datum pa je znašala [42,2–54,3] % nominalne vrednosti, to je [7–9] milijard USD.
The expected losses, in a baseline scenario, amounted to USD [2-3] billion, whereas in a stress scenario they were estimated at USD [3,5-4,5] billion.
Pričakovane izgube po osnovnem scenariju so znašale [2–3] milijarde USD, medtem ko so bile po stresnem scenariju ocenjene na [3,5–4,5] milijarde USD.
The real economic value (‘REV’) at 31 January 2009 was USD [13,6-14,6] billion under the baseline scenario and USD [12-13] billion under a stress scenario.
Realna ekonomska vrednost (v nadaljnjem besedilu: REV) je 31. januarja 2009 znašala [13,6–14,6] milijarde USD po osnovnem scenariju in [12–13] milijard USD po stresnem scenariju.
Table 2 below shows the key data of the FSAM portfolio, after deduction of the excluded assets:
Glavni podatki iz portfelja FSAM po odbitku izvzetih sredstev so povzeti v spodnji tabeli 2:
Key data of the FSAM portfolio (after deduction of the excluded assets)
Glavni podatki iz portfelja FSAM (po odbitku nezavarovanih sredstev)
Net of excluded assets, the nominal value of the portfolio was USD 12,2 billion at 31 January 2009 and its average market value at the same date was [36,9-45,1] % of the nominal value, i.e. USD [4,5-5,5] billion.
Nominalna vrednost portfelja brez izvzetih sredstev je 31. januarja 2009 znašala 12,2 milijarde USD, njegova povprečna tržna vrednost na isti datum pa je znašala [36,9–45,1] % nominalne vrednosti, to je [4,5–5,5] milijarde USD.
The expected losses, under a baseline scenario, amounted to USD [2-3] billion, whereas under a stress scenario they were estimated at USD [3,5-4,5] billion.
Pričakovane izgube po osnovnem scenariju so znašale [2–3] milijarde USD, medtem ko so bile po stresnem scenariju ocenjene na [3,5–4,5] milijarde USD.
The REV at 31 January 2009 was USD [9,2-10,2] billion under a baseline scenario and USD [7,7-8,7] billion under a stress scenario.
REV je na dan 31. januarja 2009 znašala [9,2–10,2] milijarde USD po osnovnem scenariju in [7,7–8,7] milijarde USD po stresnem scenariju.
The restructuring plan aims to refocus Dexia’s activities on its principal business lines and markets (that is to say, PWB and RCB activities in France, Belgium and Luxembourg); to reduce its risk profile and leverage; and to restore balance in its liquidity profile.
Namen načrta prestrukturiranja je dejavnosti skupine Dexia znova usmeriti na njena glavna področja dejavnosti in glavne trge (in sicer na dejavnosti PWB in RCB v Franciji, Belgiji in Luksemburgu), zmanjšati njen profil tveganja in raven finančnega vzvoda ter znova uravnotežiti njen likvidnostni profil.
The restructuring plan consists of a series of measures already put in place by Dexia and behavioural and structural measures which Dexia will have to implement during the restructuring period, under the supervision of the Member States concerned which have undertaken to ensure that they are observed.
Načrt prestrukturiranja sestavlja vrsta ukrepov, ki jih je Dexia že uvedla, ter vedenjski in strukturni ukrepi, ki jih bo morala izvesti med prestrukturiranjem, in sicer pod nadzorom zadevnih držav članic, ki so se zavezale, da jih bodo upoštevale.
Together, these measures allow a 35 % reduction in Dexia’s total balance sheet at 31 December 2014, compared to 31 December 2008, taking account of new turnover.
Ob upoštevanju novega obsega dejavnosti bo mogoče z vsemi temi ukrepi za 35 % znižati obseg bilančne vsote skupine Dexia na dan 31. decembra 2014 v primerjavi z 31. decembrom 2008.
RESTORATION OF THE LONG-TERM VIABILITY UNDER NORMAL AND STRESS CONDITIONS
PONOVNA VZPOSTAVITEV DOLGOROČNEGA USPEŠNEGA POSLOVANJA V OBIČAJNIH IN IZJEMNIH RAZMERAH
The Member States concerned have communicated detailed information to the Commission on the business model of the bank.
Zadevne države članice so Komisiji poslale podrobne podatke o poslovnem modelu banke.
This information provides details notably on the following:
Ti med drugim vsebujejo naslednje podrobne podatke:
group business plan for the period from 2009 to 2011 and projections of certain balance sheet and profit and loss account data to 2014 and 2017,
poslovni načrt skupine za obdobje 2009–2011 in napovedi nekaterih podatkov iz bilance stanja in izkaza poslovnega izida do leta 2014 in leta 2017,
volumes and margins of outstanding amounts and new turnover by business line (PWB, RCB and other) and by geographical area, from 2009 to 2011,
obseg in marže za neporavnane obveznosti in novi obseg dejavnosti po glavnih področjih (PWB, RCB in drugi) in geografskih območjih za obdobje 2009–2011,
volumes and average costs of funding the group by source of funding (repos, guaranteed and unguaranteed bonds, mortgage bonds, deposits and other).
povprečni obseg in stroški financiranja skupine po virih financiranja (repo posli, krite in nekrite obveznice, hipotekarne obveznice, depoziti in drugo).
On the basis of this information, Dexia forecasts positive results throughout the restructuring period, from 2009 to 2014, and a Core Tier 1 ratio of between 11 % and 15 %.
Dexia na podlagi teh podatkov napoveduje pozitiven poslovni izid skozi celotno obdobje prestrukturiranja 2009–2014 in od 11- do 15-odstotni delež temeljnega kapitala (v nadaljnjem besedilu: temeljni kapital prvega reda).
Table 3 below shows Dexia’s projected results and Core Tier 1 ratio for each year from 2009 to 2014.
V tabeli 3 spodaj so za vsako leto v obdobju 2009–2014 povzete napovedi poslovnega izida in delež temeljnega kapitala prvega reda skupine Dexia.
Dexia’s projected results and Core Tier 1 ratio during the restructuring period
Napovedi poslovnega izida in delež temeljnega kapitala prvega reda skupine Dexia v obdobju prestrukturiranja
(Million EUR and %)
(V milijonih EUR in %)
Net results before tax
Neto poslovni izid pred obdavčitvijo
Total Dexia group
Skupaj skupina Dexia
Core Tier 1 ratio
Delež temeljnega kapitala prvega reda (Core Tier 1)
The Member States concerned also provided three types of stress simulations to establish the group’s resilience to external shocks.
Zadevne države članice so predložile tudi tri vrste simulacij kriznih razmer, da bi preverile odpornost skupine na zunanje pretrese.
The first type of stress test carried out by Dexia aimed to test the group’s resilience, until 2011, to the following variables: (i) GDP growth rate in various countries, (ii) three-month and five-year interbank rates and (iii) exchange rates of certain foreign currencies.
Pri prvi vrsti stresnega testa, ki ga je izvedla Dexia, se je preverilo, kako je skupina do leta 2011 odporna na naslednje spremenljivke: (i) stopnjo rasti BDP v različnih državah, (ii) višino trimesečnih in petletnih medbančnih obrestnih mer ter (iii) menjalni tečaj nekaterih tujih valut.
With regard to the growth rate, hypotheses were drawn up for a baseline scenario and a stress scenario in line with the hypotheses used for other similar exercises recently conducted in Europe.
Pri stopnji rasti sta predpostavki za osnovni in stresni scenarij izhajali iz predpostavk, ki so se uporabile pri drugih podobnih preskusih, nedavno izvedenih v Evropi.
The results of the stress test, as carried out by Dexia, suggest that the group would remain in profit in 2010 and 2011, even in a stress scenario.
Rezultati stresnega testa za skupino Dexia kažejo, da bi skupina v letih 2010 in 2011 tudi po stresnem scenariju poslovala z dobičkom.
The pre-tax profit would amount to EUR […] million in 2010 and EUR […] million in 2011.
Dobiček pred obdavčitvijo bi znašal […] milijonov EUR v letu 2010 in […] milijonov EUR v letu 2011.
The second type of stress test carried out by Dexia was designed to test the resilience of the group to a rise in its market funding costs over a year of (i) 100 basis points and (ii) 200 basis points.
Pri drugi vrsti stresnega testa, ki ga je izvedla skupina Dexia, se je preverila odpornost skupine na zvišanje stroškov finančnih sredstev, pridobljenih na trgu, za (i) 100 bazičnih točk in (ii) 200 bazičnih točk na leto.
The results of the stress test, as carried out by Dexia, indicate that the impact on the results of the group can be evaluated at EUR […] million, in the case of its funding costs rising by 100 basis points, and EUR […] million in the case of its funding costs rising by 200 basis points.
Glede na rezultate stresnega testa, ki ga je izvedla Dexia, je mogoče vpliv na poslovni izid skupine oceniti na […] milijonov EUR, če bi se njeni stroški financiranja zvišali za 100 bazičnih točk, in […] milijonov EUR, če bi se njeni stroški financiranja zvišali za 200 bazičnih točk.