natgillin/translations-raw huggingface dataset:
Minimum size: At the time of submission for use as collateral (mobilisation) by the counterparty, the credit claim must meet a minimum size threshold.
najmanjši znesek: ko nasprotna stranka predloži bančno posojilo v zavarovanje (mobilizacija), mora znesek posojila dosegati najnižji prag.
Each NCB may apply a minimum size of its choice for domestic credit claims.
Vsaka NCB lahko za domača bančna posojila uporablja tak najmanjši znesek, kot ga določi sama.
For cross-border use, a common minimum threshold of EUR 500000 is applicable. It is envisaged that as soon as practicable in the course of 2013 a common minimum threshold of EUR 500000 will be introduced for all credit claims throughout the euro area.
Za čezmejno uporabo posojil v tem obdobju velja enotni najnižji prag v višini 500000 EUR. Predvideno je, da se v teku leta 2013, kakor hitro bo to praktično mogoče, uvede enotni najnižji prag v višini 500000 EUR za vsa bančna posojila v celotnem euroobmočju;
Handling procedures: The credit claim must be handled according to the Eurosystem procedures as defined in the respective national documentation.
postopki upravljanja: bančna posojila je treba upravljati v skladu s postopki Eurosistema, kakor so določeni v ustrezni nacionalni dokumentaciji;
Governing laws: The credit claim agreement and the agreement between the counterparty and the NCB mobilising the credit claim as collateral (‘mobilisation agreement’) must both be governed by the law of a Member State.
pravo: posojilno pogodbo ter pogodbo med nasprotno stranko in NCB o mobilizaciji bančnega posojila v zavarovanje („pogodba o mobilizaciji“) mora urejati pravo države članice.
Furthermore, the total number of different governing laws that are applicable to (i) the counterparty; (ii) the creditor; (iii) the debtor; (iv) the guarantor (if relevant); (v) the credit claim agreement; (vi) the mobilisation agreement may not exceed two.
Poleg tega skupno število različnih pravnih sistemov, ki se uporabljajo za (i) nasprotno stranko, (ii) upnika; (iii) dolžnika, (iv) garanta (če je predvideno), (v) posojilno pogodbo in (vi) pogodbo o mobilizaciji, ne sme biti večje od dva;
Currency of denomination: The credit claim must be denominated in euro [66].
valuta denominacije: bančna posojila morajo biti denominirana v eurih [66].
The following eligibility criteria are applied to RMBDs (see also Table 4):
Za te instrumente veljajo naslednja merila primernosti (glej tudi tabelo 4):
Type of asset: It must be a debt instrument (a promissory note or a bill of exchange) that is secured by a pool of residential mortgages and that falls short of full securitisation.
vrsta finančnega premoženja: biti mora dolžniški instrument (zadolžnica ali menica), ki je zavarovan s skladom stanovanjskih hipotek in ni v celoti listinjen.
Substitution of assets in the underlying pool must be possible and a mechanism needs to be in place to ensure that the Eurosystem enjoys priority over creditors other than those exempted for public policy reasons [67].
Treba je zagotoviti možnost zamenjave finančnega premoženja v skladu hipotek, hkrati pa mora biti vzpostavljen mehanizem, ki Eurosistemu omogoča, da ima prednost pred drugimi upniki, razen pred tistimi, ki so zaradi javnega interesa izvzeti [67];
The RMBD must have (i) a fixed, unconditional principal amount and (ii) an interest rate that cannot result in a negative cash flow.
netržni hipotekarni dolžniški instrumenti morajo imeti (i) fiksen, brezpogojen znesek glavnice ter (ii) obrestno mero, ki ne more povzročiti negativnega denarnega toka;
Credit standards: The RMBD must meet high credit standards, which are assessed through the part of the ECAF that addresses RMBDs, as set out in Section 6.3.3.
bonitetni standardi: netržni hipotekarni dolžniški instrumenti morajo izpolnjevati visoke bonitetne standarde, ki so ocenjeni s pomočjo tistega dela bonitetnega okvira Eurosistema, ki velja za netržne hipotekarne dolžniške instrumente, kakor je opisano v oddelku 6.3.3;
Type of issuer: Eligible issuers are credit institutions that are eligible counterparties.
vrsta izdajatelja: primerni izdajatelji so kreditne institucije, ki so primerne nasprotne stranke;
Place of establishment of the issuer: The issuer must be established in the euro area.
kraj ustanovitve izdajatelja: izdajatelj mora biti ustanovljen v euroobmočju;
Handling procedures: The RMBD must be handled according to the Eurosystem procedures as defined in the respective national documentation.
postopki upravljanja: netržne hipotekarne dolžniške instrumente je treba upravljati v skladu s postopki Eurosistema, kakor so določeni v ustrezni nacionalni dokumentaciji;
Currency of denomination: The RMBD must be denominated in euro [68].
valuta denominacije: netržni hipotekarni dolžniški instrumenti morajo biti denominirani v eurih [68].
Additional legal requirements for credit claims
Dodatne pravne zahteve za bančna posojila
In order to ensure that a valid security is created over credit claims and that the credit claim can be swiftly realised in the event of a counterparty default, additional legal requirements have to be met.
Da bi zagotovili ustanovitev veljavnega zavarovanja na bančnih posojilih ter hitro unovčenje bančnega posojila v primeru dogodka neplačila nasprotne stranke, je treba izpolniti dodatne pravne zahteve.
These legal requirements relate to:
Te zahteve se nanašajo na:
the verification of the existence of credit claims;
preveritev, da bančno posojilo obstaja;
the notification of the debtor about the mobilisation of the credit claim or the registration of such mobilisation;
obvestitev dolžnika o mobilizaciji bančnega posojila oziroma o vpisu takšne mobilizacije;
the absence of restrictions related to banking secrecy and confidentiality;
odsotnost omejitev, povezanih z bančno tajnostjo in zaupnostjo;
the absence of restrictions on the mobilisation of the credit claim;
odsotnost omejitev glede mobilizacije bančnega posojila;
the absence of restrictions on the realisation of the credit claim.
odsotnost omejitev glede unovčenja bančnega posojila.
The content of these legal requirements is set out in Appendix 7.
Te pravne zahteve so vsebinsko opisane v dodatku 7.
Further details of the specific features of the national jurisdictions are provided in the respective national documentation.
Dodatne podrobnosti o posebnih značilnostih nacionalnih pravnih sistemov so predstavljene v ustrezni nacionalni dokumentaciji.
Rules for the use of eligible assets
Pravila glede uporabe primernega finančnega premoženja
Marketable assets can be used for all monetary policy operations which are based on underlying assets, i.e. reverse and outright open market transactions and the marginal lending facility.
Tržno finančno premoženje se lahko uporabi za vse operacije denarne politike, ki temeljijo na finančnem premoženju za zavarovanje terjatev, tj. povratne in dokončne transakcije odprtega trga in mejno posojilo.
Non-marketable assets can be used as underlying assets for reverse open market transactions and the marginal lending facility.
Netržno finančno premoženje se lahko uporabi kot finančno premoženje za zavarovanje terjatev pri povratnih transakcijah odprtega trga ter pri mejnem posojilu.
They are not used in Eurosystem outright transactions.
Ne uporablja se pri dokončnih transakcijah Eurosistema.
All marketable and non-marketable assets can also be used as underlying assets for intraday credit.
Vse tržno in netržno finančno premoženje se lahko uporabi tudi kot finančno premoženje za zavarovanje terjatev pri posojilu čez dan.
Irrespective of the fact that a marketable or non-marketable asset fulfils all eligibility criteria, a counterparty may not submit as collateral any asset issued or guaranteed by itself or by any other entity with which it has close links [69].
Ne glede na to, ali tržno in netržno finančno premoženje izpolnjuje merila primernosti, nasprotna stranka ne sme v zavarovanje predložiti finančnega premoženja, ki ga je izdala in zanj jamči sama oziroma katera koli druga oseba, s katero je nasprotna stranka v tesni povezavi [69].
‘Close links’ means a situation in which the counterparty is linked to an issuer/debtor/guarantor of eligible assets by reason of the fact that:
„Tesne povezave“ pomenijo stanje, ko je nasprotna stranka povezana z izdajateljem/dolžnikom/garantom primernega finančnega premoženja zaradi naslednjega dejstva:
the counterparty owns directly, or indirectly, through one or more other undertakings, 20 % or more of the capital of the issuer/debtor/guarantor;
nasprotna stranka ima neposredno ali posredno prek enega ali več drugih podjetij v lasti 20 % ali več kapitala izdajatelja/dolžnika/garanta;
the issuer/debtor/guarantor owns directly, or indirectly through one or more other undertakings, 20 % or more of the capital of the counterparty; or
izdajatelj/dolžnik/garant ima neposredno ali posredno prek enega ali več drugih podjetij v lasti 20 % ali več kapitala nasprotne stranke; ali
a third party owns more than 20 % of the capital of the counterparty and more than 20 % of the capital of the issuer/debtor/guarantor, either directly or indirectly, through one or more undertakings.
tretja oseba ima v lasti več kot 20 % kapitala nasprotne stranke in več kot 20 % kapitala izdajatelja/dolžnika/garanta, in sicer bodisi neposredno ali posredno prek enega ali več podjetij.
For monetary policy implementation purposes, in particular for the monitoring of compliance with the rules for the use of eligible assets concerning close links, the Eurosystem internally shares information on capital holdings provided by supervisory authorities for such purposes.
Za potrebe izvajanja denarne politike, zlasti za spremljanje izpolnjevanja pravil glede uporabe primernega finančnega premoženja v zvezi s tesnimi povezavami, si Eurosistem interno izmenjuje informacije o kapitalskih deležih, ki jih za te potrebe zagotavljajo nadzorni organi.
The information is subject to the same secrecy standards as applied by supervisory authorities.
Za te informacije veljajo enaki standardi zaupnosti, kakor jih uporabljajo nadzorni organi.
The above provisions concerning close links do not apply to: (a) close links between the counterparty and an EEA public sector entity which has the right to levy taxes, or in the case where a debt instrument is guaranteed by an EEA public sector entity which has the right to levy taxes; (b) covered bank bonds issued in accordance with the criteria set out in Article 52(4) of the UCITS Directive; or (c) cases in which debt instruments are protected by specific legal safeguards comparable to those instruments given under (b) such as in the case of: (i) non-marketable RMBDs which are not securities; or (ii) residential real estate loan-backed structured covered bank bonds or commercial mortgage loan-backed structured covered bank bonds, i.e. certain covered bank bonds not declared UCITS compliant by the European Commission, that fulfil all the criteria that apply to asset-backed securities, as set out in Sections 6.2 and 6.3 and the following additional criteria:
Zgornje določbe o tesnih povezavah ne veljajo za: (a) tesne povezave med nasprotno stranko in osebo javnega prava iz EGP, ki je upravičena do odmerjanja davkov, ali kadar jamstvo za dolžniški instrument zagotavlja oseba javnega prava iz EGP, ki je upravičena do odmerjanja davkov; (b) krite bančne obveznice, ki so izdane v skladu z merili, določenimi v členu 52(4) direktive KNPVP; in (c) primere, kjer dolžniške instrumente ščitijo posebna pravna varovala, primerljiva s tistimi pod točko (b), kakor je to v primeru (i) netržnih hipotekarnih dolžniških instrumentov, ki niso vrednostni papirji, ali (ii) strukturiranih kritih bančnih obveznic – tj. določenih kritih bančnih obveznic, ki jih Evropska komisija ni razglasila za skladne z direktivo KNPVP –, pri katerih kritni sklad predstavljajo stanovanjska posojila ali posojila, zavarovana s hipoteko na poslovni nepremičnini, ki izpolnjujejo vsa merila za listinjene vrednostne papirje, kakor so določena v oddelkih 6.2 in 6.3, in naslednja dodatna merila:
In the case of residential real estate loan-backed structured covered bank bonds:
Za strukturirane krite bančne obveznice, pri katerih kritni sklad predstavljajo stanovanjska posojila:
Any residential real estate loans underlying the structured covered bank bonds must be denominated in euro; the issuer (and the debtor and guarantor, if they are legal persons) must be incorporated in a Member State, their underlying assets must be located in a Member State, and the law governing the loan must be that of a Member State.
vsa stanovanjska posojila, ki predstavljajo zavarovanje za strukturirane krite bančne obveznice, morajo biti denominirana v eurih; izdajatelj (ter dolžnik in garant, če sta pravni osebi) mora(-jo) imeti sedež v državi članici, kritno premoženje se mora nahajati v državi članici in pravo, ki ureja posojilo, mora biti pravo države članice;
Residential real estate loans are eligible for the cover pool of relevant structured covered bank bonds, if they are guaranteed by an eligible guarantee or secured by a mortgage.
stanovanjska posojila so primerna za kritni sklad strukturiranih kritih bančnih obveznic, če je zanje zagotovljeno primerno jamstvo ali so zavarovana s hipoteko.
Eligible guarantees for the purposes of such guaranteed loans can be provided in different contractual formats, including contracts of insurance, provided that they are granted by a public sector entity or a financial institution subject to public supervision.
Primerno jamstvo za potrebe takšnih posojil z jamstvom se lahko zagotovi v različnih pogodbenih oblikah, vključno z zavarovalnimi pogodbami, pod pogojem, da zavarovanje da oseba javnega sektorja ali finančna institucija pod javnim nadzorom.
The guarantor for the purposes of such guaranteed loans must not have close links to the issuer of the covered bank bonds, and must be rated at least [A+/A1/AH] by an accepted ECAI over the life of the transaction.
Garant za potrebe takšnih posojil z jamstvom ne sme imeti tesnih povezav z izdajateljem kritih bančnih obveznic in mora imeti oceno sprejete zunanje bonitetne institucije najmanj [A+/A1/AH] ves čas trajanja transakcije;
High quality substitute collateral up to 10 % of the cover pool is accepted.
visokokvalitetno nadomestno zavarovanje se sprejme do največ 10 % kritnega sklada.
This threshold can only be exceeded after an in-depth review by the relevant NCB.
Ta omejitev se lahko preseže samo po temeljiti preučitvi s strani zadevne NCB;
The maximum portion of each individual eligible loan that can be funded through the structured covered bank bond issuance is 80 % loan-to-value (LTV).
delež posojila glede na vrednost nepremičnine lahko pri vsakem posameznem primernem posojilu, ki se lahko financira z izdajo strukturiranih kritih bančnih obveznic, znaša največ 80 %.
The LTV calculation must be based on a conservative market valuation.
Izračun deleža posojila glede na vrednost nepremičnine mora temeljiti na konservativni oceni tržne vrednosti nepremičnine;
The minimum mandatory over-collateralisation is 8 %.
najmanjše obvezno presežno zavarovanje znaša 8 %;
The maximum loan amount for residential real estate loans is EUR 1 million.
najvišji znesek posojila pri stanovanjskih posojilih je 1 milijon EUR;
The stand-alone credit assessment of the cover pool must correspond to an annual PD level of 10 basis points in line with the ‘single A’ threshold (see Section 6.3.1).
samostojna bonitetna ocena kritnega sklada mora ustrezati verjetnosti neplačila v obdobju enega leta na ravni 10 bazičnih točk v skladu s pragom „enojni A” (glej oddelek 6.3.1);
A long-term minimum threshold of ‘single A’ (‘A-’ by Fitch or Standard & Poor’s, or ‘A3’ by Moody’s, or ‘AL’ by DBRS) must be applied to the issuer and related entities which are part of or relevant to the transaction relating to the structured covered bank bond.
za izdajatelja in subjekte, ki so udeleženi v transakciji v zvezi s strukturiranimi kritimi bančnimi obveznicami ali so pomembni zanjo, se zahteva dolgoročni spodnji prag „enojni A” (ocena „A-“, ki jo dodeli Fitch ali Standard & Poor’s, „A3“, ki jo dodeli Moody’s, ali „AL“, ki jo dodeli DBRS).
Any commercial mortgage loans underlying the structured covered bank bonds must be denominated in euro; the issuer (and the debtor and guarantor, if they are legal persons) must be incorporated in a Member State, their underlying assets must be located in a Member State, and the law governing the loan must be that of a Member State.
vsa posojila, ki so zavarovana s hipoteko na poslovni nepremičnini in predstavljajo kritni sklad strukturiranih kritih bančnih obveznic, morajo biti denominirana v eurih; izdajatelj (ter dolžnik in garant, če sta pravni osebi) mora(-jo) imeti sedež v državi članici, kritno premoženje se mora nahajati v državi članici in pravo, ki ureja posojilo, mora biti pravo države članice;
The maximum portion of each individual eligible loan that can be funded through the structured covered bank bond issuance is 60 % LTV.
delež posojila glede na vrednost nepremičnine lahko pri vsakem posameznem primernem posojilu, ki se lahko financira z izdajo strukturiranih kritih obveznic, znaša največ 60 %.
The minimum mandatory over-collateralisation is 10 %.
najmanjše obvezno presežno zavarovanje znaša 10 %;
The share of each borrower in the cover pool, after aggregating all individual loan amounts outstanding from a given borrower, must not exceed 5 % of the cover pool’s total.
delež posameznega dolžnika v kritnem skladu po seštetju vseh posameznih neodplačanih zneskov posojil tega dolžnika ne sme presegati 5 % celotnega kritnega sklada;
The stand-alone credit assessment of the cover pool must correspond to credit quality step 1 in line with the Eurosystem rating scale (see Section 6.3.1).
samostojna bonitetna ocena kritnega sklada mora ustrezati stopnji kreditne kvalitete 1 v skladu z lestvico bonitetnih ocen Eurosistema (glej oddelek 6.3.1);
Credit quality step 2 must be applied to the issuer and related entities which are part of or relevant to the transaction relating to the structured covered bank bond.
za izdajatelja in subjekte, ki so udeleženi v transakciji v zvezi s strukturiranimi kritimi bančnimi obveznicami ali so pomembni zanjo, se zahteva stopnja kreditne kvalitete 2;
All underlying commercial mortgage loans need to be revalued at least on an annual basis.
vsa posojila, ki predstavljajo kritni sklad, je treba prevrednotiti najmanj enkrat letno.
Statistical methods can also be applied but only as a secondary valuation methodology.
Lahko se uporabijo tudi statistične metode, vendar samo kot podrejena metoda vrednotenja;
Liquidity cushion in the form of cash in euro deposited with an eligible counterparty must be maintained at all times to cover all interest payments related to covered bank bonds for the subsequent 6-month period.
ves čas je treba vzdrževati likvidnostno rezervo v obliki denarne vloge v eurih, položene pri primerni nasprotni stranki, ki krije vsa plačila obresti v zvezi s kritimi bančnimi obveznicami za obdobje naslednjih šest mesecev;
Whenever the short-term credit rating of the borrower of an underlying commercial mortgage loan falls below credit quality step 2 in the 9 months before a hard bullet covered bank bond matures, such borrower must post an amount of cash in euro sufficient to cover the relevant part of the covered bank bond principal payment as well as related expenses scheduled to be paid by the issuer under the covered bank bond to the liquidity cushion.
pri kritih bančnih obveznicah z zagotovljenim izplačilom glavnice na datum zapadlosti, če pade kratkoročna bonitetna ocena dolžnika posojila, danega v kritni sklad, pod stopnjo kreditne kvalitete 2 v devetih mesecih pred tem, ko zapade taka krita bančna obveznica, mora tak dolžnik deponirati znesek denarja v eurih, ki zadostuje za kritje zadevnega dela izplačila glavnice krite bančne obveznice in povezanih stroškov, ki bi jih moral v zvezi s krito bančno obveznico v likvidnostno rezervo vplačati izdajatelj;
In case of liquidity stress, the original maturity date can be extended up to 12 months to compensate for maturity mismatches between the amortising loans in the cover pool and the bullet redemption of the covered bank bond.
v primeru likvidnostnih težav se lahko prvotni datum zapadlosti prestavi za največ 12 mesecev, da se uravnotežijo neujemanja zapadlosti med postopno odplačljivimi posojili v kritnem skladu in enkratnim izplačilom krite bančne obveznice.
Furthermore, for residential real estate loan-backed structured covered bank bonds or commercial mortgage loan-backed structured covered bank bonds, counterparties have to provide legal confirmation from a reputable law firm confirming the fulfilment of the following conditions:
Poleg tega morajo nasprotne stranke v primeru strukturiranih kritih bančnih obveznic, pri katerih kritni sklad predstavljajo stanovanjska posojila ali posojila, zavarovana s hipoteko na poslovni nepremičnini, predložiti pravno potrditev ugledne pravne pisarne, da so izpolnjeni naslednji pogoji:
The issuer of the covered bank bonds is a credit institution incorporated in an EU Member State, and is not a special-purpose vehicle, even if such covered bank bonds are guaranteed by a credit institution incorporated in an EU Member State.
izdajatelj kritih bančnih obveznic je kreditna institucija s sedežem v državi članici EU in ni subjekt s posebnim namenom, tudi če za te krite bančne obveznice jamči kreditna institucija s sedežem v državi članici EU;
The issuer/issue of the covered bank bonds is subject, by the law of the Member State where the issuer is incorporated or where the covered bank bonds were issued, to special public supervision designed to protect covered bank bond holders.
izdajatelj/izdaja kritih bančnih obveznic je v skladu s pravom države članice, kjer ima izdajatelj sedež ali kjer so bile krite bančne obveznice izdane, predmet posebnega javnega nadzora, namenjenega zaščiti imetnikov kritih bančnih obveznic;
In the event of the insolvency of the issuer, covered bank bond holders have priority as regards reimbursement of the principal and payment of interest deriving from the (underlying) eligible assets.
v primeru insolventnosti izdajatelja imajo imetniki kritih bančnih obveznic prednostno pravico do vračila glavnice in izplačila obresti iz naslova primernega (kritnega) finančnega premoženja;
Sums deriving from the issue of the covered bank bonds must be invested (according to the investment rules set out by the covered bank bond documentation) in conformity with the relevant national covered bank bond legislation or other legislation applicable to the assets in question.
denarni zneski, zbrani z izdajo kritih bančnih obveznic, morajo biti naloženi (po pravilih vlaganja, določenih v dokumentaciji o kritih bančnih obveznicah) v skladu z ustrezno nacionalno zakonodajo, ki ureja krite bančne obveznice, ali drugo zakonodajo, ki velja za zadevno finančno premoženje.
Moreover, a counterparty may not submit as collateral any asset-backed security if the counterparty (or any third party with which it has close links) provides a currency hedge to the asset-backed security by entering into a currency hedge transaction with the issuer as a hedge counterparty or provides liquidity support for 20 % or more of the outstanding amount of the asset-backed security.
Poleg tega nasprotna stranka v zavarovanje ne sme predložiti nobenega listinjenega vrednostnega papirja, pri katerem ta nasprotna stranka (ali katera koli tretja oseba, s katero ima tesne povezave) listinjenemu vrednostnemu papirju zagotavlja valutno zaščito s tem, da je sklenila transakcijo valutne zaščite z izdajateljem, ali zagotavlja likvidnostno podporo za 20 % ali več neodplačanega zneska listinjenega vrednostnega papirja.
All eligible marketable and non-marketable assets must be usable in a cross-border context throughout the euro area.
Vse primerno tržno in netržno finančno premoženje mora biti uporabno v čezmejnih transakcijah na celotnem euroobmočju.