natgillin/translations-raw huggingface dataset:
The additional payments will be implemented in the form of a separate agreement between ING Group and the Netherlands, in order to keep the original IABF intact.
dodatna plačila se bodo izvajala v obliki ločenega dogovora med ING Groep in Nizozemsko, da bi prvotni ukrep IABF ostal nespremenjen,
The additional payments, excluding the part related to the period between 26 January 2009 and 25 October 2009 (that is to say the 15,6 basis points included in the guarantee fee related adjustment) have no residual settlement in case of an early unwinding of the IABF.
v primeru predčasne odprave ukrepa IABF ni poravnave preostalih sredstev za dodatna plačila, razen za del, ki se nanaša na obdobje od 26. januarja 2009 do 25. oktobra 2009 (to je 15,6 BT, vključene v prilagoditev v zvezi s provizijo za jamstvo).
The amount of the unpaid additional payments that relates to the period between 26 January 2009 and 25 October 2009 (that is to say the 15,6 basis points included in the guarantee fee related adjustment) will become payable in case of partially or wholly unwinding of the original transaction.
Znesek neporavnanih dodatnih plačil, ki se nanaša na obdobje od 26. januarja 2009 do 25. oktobra 2009 (to je 15,6 BT, vključene v prilagoditev v zvezi s provizijo za jamstvo), zapade v plačilo v primeru delne ali celotne odprave prvotne transakcije.
If the IABF is partially unwound, this early redemption settlement would be applied proportionally.
Če se ukrep IABF delno odpravi, je ta poravnava za predčasni odkup sorazmerna,
The Netherlands commits to notify any measures of early full or partial unwinding of the IA measure to the Commission.
Nizozemska se zavezuje, da bo Komisiji priglasila vsak ukrep predčasne celotne ali delne odprave ukrepa OS.
As regards balance sheet reductions, the commitment for divestment of insurance, ING Direct US and other units to be divested before end of 2013, the Netherlands commits:
V zvezi z zmanjšanjem bilance, zavezo za odsvojitev zavarovalništva ter tem, da je treba ING Direct US in druge enote odsvojiti do konca leta 2013, se Nizozemska zavezuje:
ING will reduce 45 % of its balance sheet compared to 30 September 2008 by the end of 2013 and will divest a list of units as described in recital 57, in particular Insurance and ING Direct US […].
ING bo do konca leta 2013 v primerjavi s 30. septembrom 2008 za 45 % zmanjšala bilanco in odsvojila enote s seznama iz uvodne izjave 57, zlasti zavarovalništvo in ING Direct US […],
These figures refer to projections that do not take into account the possible impact of organic growth and exclude additional increases due to potential new regulatory requirements, such as for example if banks are required to hold significantly larger liquidity buffers due to (new) EU-wide regulations.
te številke se nanašajo na napovedi, v katerih se ne upošteva mogoči učinek notranje rasti in ki izključujejo dodatna povečanja zaradi morebitnih novih zakonskih zahtev, na primer če bi morale banke v skladu z (novimi) predpisi, veljavnimi v vsej EU, vzdrževati znatno večje likvidnostne rezerve.
Such requirements could increase the balance sheet significantly beyond the current organic growth projections.
Zaradi takih zahtev bi se lahko bilanca povečala precej bolj, kot je predvideno v sedanjih napovedih notranje rasti,
ING will not have a restriction on organic (that is to say not related to acquisitions) growth of the balance sheet of its businesses.
ING ne bo omejena glede notranje rasti (to je rasti, ki ni povezana s prevzemi) bilanc svojih dejavnosti.
In the future, ING will have a general policy to use its growth in funds entrusted by customers mainly to grow in lending to the real economy (corporates and consumers) and decrease its exposure to higher risk asset classes within US CMBS and US RMBS.
ING ne bo omejena glede notranje rasti (to je rasti, ki ni povezana s prevzemi) bilanc svojih dejavnosti. […].
With respect to units ING commits to sell (as listed in recital 57), if a divestment of any such unit has not taken place by 31 December 2013 (for example on the basis of a final binding sale agreement having been entered into), the Commission may where appropriate or due to exceptional circumstances, in response to a request from the Netherlands, grant an extension of this time period [24].
če odsvojitev katere koli enote, ki se jo ING zaveže prodati (kot so navedene v uvodni izjavi 57), ni izvedena do 31. decembra 2013 (na primer na podlagi sklenitve dokončne in zavezujoče pogodbe o prodaji), lahko Komisija, če je to primerno ali zaradi izjemnih okoliščin, v odgovor na zahtevo Nizozemske odobri podaljšanje tega obdobja.
The Commission may also in such a case (i) request the Netherlands to appoint one or more (divestiture) trustee(s) [25], preselected and proposed by ING (and subject to the Commission’s approval), […].
Komisija lahko v takem primeru tudi (i) zahteva, naj Nizozemska imenuje enega ali več (odsvojitvenih) fiduciarjev [25], ki jih je predhodno izbrala in predlagala ING (ter odobrila Komisija) […],
Whenever the Netherlands seeks an extension of a time period, it shall submit a request to the Commission no later than one month before the expiry of that period, showing good cause.
kadar želi Nizozemska podaljšati obdobje, predloži Komisiji najpozneje en mesec pred iztekom navedenega obdobja zahtevo, ki vsebuje upravičen razlog za podaljšanje.
In exceptional circumstances, the Netherlands shall be entitled to request an extension within the last month of the time period.
V izjemnih okoliščinah lahko Nizozemska zahteva podaljšanje v zadnjem mesecu obdobja;
The Netherlands furthermore commits that ING will adhere to an acquisition ban:
poleg tega se Nizozemska zavezuje, da bo ING spoštovala prepoved prevzemov:
ING will refrain from acquisitions of financial institutions for a certain period.
ING se bo v opredeljenem obdobju vzdržala prevzemov finančnih institucij.
These commitments will apply for the shorter period of three years starting from the date of the Commission decision or up to the date on which ING has fully repaid the Core-Tier 1 securities to the Netherlands (including the relevant accrued interest of Core-Tier 1 coupons and exit premium fees).
To obdobje traja tri leta od datuma sprejetja te odločbe Komisije ali dokler ING Nizozemski v celoti ne poplača temeljnih vrednostnih papirjev prvega reda (vključno z zadevnimi natečenimi obrestmi kuponov na temeljni kapital prvega reda in provizijami izhodnih premij), odvisno od tega, kaj nastopi prej.
ING will also refrain, for the same period, from any (other) acquisition of businesses that would slow down the repayment of the Core-Tier 1 Securities to the Netherlands.
ING se bo v istem obdobju vzdržala tudi vseh (drugih) prevzemov družb, ki bi upočasnili poplačilo temeljnih vrednostnih papirjev prvega reda Nizozemski,
Notwithstanding this prohibition, ING may, after obtaining the Commission’s approval, acquire businesses, in particular if this is essential in order to safeguard financial stability or competition in the relevant markets.
ne glede na to prepoved lahko ING po odobritvi Komisije prevzema družbe, zlasti če je to bistveno za varovanje njene finančne stabilnosti ali konkurence na zadevnih trgih;
The Netherlands furthermore commits that ING will adhere to a price leadership ban:
poleg tega se Nizozemska zavezuje, da bo ING spoštovala prepoved narekovanja cen:
Without prior authorization of the Commission, ING will not offer more favourable prices on standardized ING products (on markets as defined below) than its three best priced direct competitors with respect to EU-markets in which ING has a market share of more than 5 %.
ING brez predhodne odobritve Komisije za svoje standardizirane produkte (na spodaj opredeljenih trgih) ne bo ponujala ugodnejših cen kot trije njeni cenovno najugodnejši neposredni konkurenti, in sicer na trgih EU, na katerih ima ING več kot 5-odstotni tržni delež,
This condition is limited to ING’s standardized products on the following product markets: (i) retail savings market, (ii) retail mortgage market, (iii) private banking insofar it involves mortgage products or saving products or (iv) deposits for SME’s (SME defined according the definition of SME as customarily/currently operated by ING in its business in the relevant country).
ta pogoj je omejen na standardizirane produkte družbe ING na naslednjih trgih produktov: (i) trgu varčevanja zasebnikov; (ii) trgu hipotekarnih posojil za prebivalstvo; (iii) zasebnem bančništvu, če vključuje hipotekarne ali varčevalne proizvode, ali (iv) vlogah za MPS (MPS se opredelijo v skladu z opredelitvijo MSP, ki jo ING navadno/trenutno uporablja pri dejavnostih v zadevni državi).
As soon as ING becomes aware of the fact that it offers more favourable prices for its products than its three best priced competitors, ING will as soon as possible adjust, without any undue delay, its price to a level which is in accordance with this commitment.
Ko ING ugotovi, da za svoje produkte ponuja ugodnejše cene kot trije njeni cenovno najugodnejši konkurenti, čim prej in brez nepotrebnega odlašanja prilagodi svoje cene ravni, ki je v skladu s to zavezo,
This condition will apply for three years starting from the date of the present Decision or up to the date on which ING has fully repaid the Core-Tier 1 securities to the Netherlands (including the relevant accrued interest of CT1 coupons and exit premium fees), whichever is shorter.
ta pogoj velja tri leta od datuma sprejetja te odločbe ali dokler ING Nizozemski v celoti ne poplača temeljnih vrednostnih papirjev prvega reda (vključno z zadevnimi natečenimi obrestmi kuponov na temeljni kapital prvega reda in provizijami izhodnih premij), odvisno od tega, kaj nastopi prej.
A monitoring trustee preselected and proposed by ING, will be appointed by the Netherlands to monitor this condition.
Nizozemska bo za nadzor nad izpolnjevanjem tega pogoja imenovala nadzornega fiduciarja, ki ga bo predhodno izbrala in predlagala ING.
The monitoring trustee is subject to the Commission’s approval.
Nadzornega fiduciarja mora odobriti Komisija;
Moreover, to support ING’s long-term viability, ING Direct will refrain, without prior authorisation of the Commission, from price-leadership with respect to standardised ING products on the retail mortgage and retail savings markets within the EU, for the shorter period of three years from the date of the present Decisions or up to the date on which ING has fully repaid the Core-Tier 1 securities to the Netherlands (including the relevant accrued interest of Core-Tier 1 coupons and exit premium fees).
poleg tega se bo ING Direct, da bi podprla dolgoročno rentabilnost družbe ING, brez predhodne odobritve Komisije vzdržala narekovanja cen standardiziranih produktov družbe ING na trgih hipotekarnih posojil za prebivalstvo in varčevanja zasebnikov v EU, in sicer tri leta od datuma sprejetja te odločbe ali dokler ING Nizozemski v celoti ne poplača temeljnih vrednostnih papirjev prvega reda (vključno z zadevnimi natečenimi obrestmi kuponov na temeljni kapital prvega reda in provizijami izhodnih premij), odvisno od tega, kaj nastopi prej.
As soon as ING becomes aware of the fact that it has become the price leader on a retail mortgage or retail savings markets within the EU, ING will adjust its price to a level which is in accordance with this commitment as soon as possible without any undue delay.
Ko ING ugotovi, da je začela narekovati cene na trgih hipotekarnih posojil za prebivalstvo in varčevanja zasebnikov v EU, čim prej in brez nepotrebnega odlašanja prilagodi svoje cene ravni, ki je v skladu s to zavezo,
The Netherlands commits to a number of detailed provisions as regards the carve out of WUH/Interadvies:
Nizozemska se zavezuje k številnim podrobnim določbam glede delne izčlenitve WUH/Interadvies:
ING will create a new company for divestment in the Netherlands, which will be carved out from its current Dutch retail banking business.
ING bo na Nizozemskem ustanovila novo družbo za odsvojitev, ki bo delno izčlenjena iz sedanje nizozemske dejavnosti družbe ING za bančno poslovanje s prebivalstvom.
The result has to be that this carved-out new company is a viable and competitive business, which is stand alone and separate from the businesses retained by ING and that can be transferred to a suitable purchaser.
Rezultat mora biti delno izčlenjena, rentabilna in konkurenčna družba, ki je neodvisna in ločena od dejavnosti, ki jih ING zadrži, ter ki jo je mogoče prenesti na ustreznega kupca.
This new company will comprise the business of the WUH/Interadvies banking division, which is currently part of the Dutch insurance operations, and the Consumer Credit Portfolio of ING Bank.
Ta nova družba bo vključevala dejavnosti bančnega oddelka WUH/Interadvies, ki je zdaj del nizozemskih zavarovalniških dejavnosti, in portfelj potrošniških posojil družbe ING Bank.
WUH/Interadvies is an ING business unit under the umbrella of Nationale Nederlanden Insurance unit.
WUH/Interadvies je poslovna enota družbe ING pod okriljem enote Nationale Nederlanden Insurance.
It is (predominantly) a mortgage bank operating on the basis of its own banking licenses.
Nova družba je (pretežno) hipotekarna banka, ki deluje na podlagi lastnih bančnih dovoljenj.
It is a viable ‘standalone’ player, having its own sales force for customer service and an independent organisation with a solid underlying income.
Je rentabilna in samostojna družba, ki ima lastno prodajno osebje za opravljanje storitev, in neodvisna organizacija s stabilnim osnovnim prihodkom.
The carve-out will be carried out under the supervision of the Monitoring Trustee in cooperation with the Hold-separate Manager.
Delna izčlenitev bo izvedena pod nadzorom nadzornega fiduciarja in v sodelovanju s poslovodjo odsvojene družbe.
In this context, during the carve-out period, the Monitoring Trustee may recommend to ING such inclusions into the Divestment Business of tangible and intangible assets (related to the Divestment Business) as he considers objectively required to ensure full compliance with ING’s above mentioned result oriented obligations and in particular the viability and competitiveness of the divestment business.
V tem okviru lahko nadzorni fiduciar v obdobju delne izčlenitve družbi ING daje priporočila glede vključitve opredmetenih in neopredmetenih sredstev (povezanih z odsvojeno dejavnostjo) v odsvojeno družbo, za katera meni, da so objektivno potrebna za zagotovitev polne skladnosti z zgoraj navedenimi, v rezultate usmerjenimi obveznostmi družbe ING, zlasti glede rentabilnosti in konkurenčnosti odsvojene družbe.
If ING disagrees with the Monitoring Trustee about the objective requirement to include such tangible or intangible assets to ensure the viability and competitiveness of the Divestment Business, ING shall inform the Monitoring Trustee in writing.
Če se ING z nadzornim fiduciarjem ne strinja glede objektivne potrebe po vključitvi takih opredmetenih ali neopredmetenih sredstev, da bi se zagotovili rentabilnost in konkurenčnost odsvojene družbe, o tem pisno obvesti nadzornega fiduciarja.
In such a case, ING’s executive management and the Monitoring Trustee shall, within […], hold a meeting with a view to reaching a consensus.
V takem primeru se uprava družbe ING in nadzorni fiduciar v […] sestaneta, da bi dosegla soglasje.
If no consensus is reached, ING and the Monitoring Trustee shall jointly appoint, without undue delay, an independent third party with expertise in the financial sector (the ‘Expert’) to hear the parties’ arguments and mediate a solution.
Če soglasje ni doseženo, ING in nadzorni fiduciar skupaj nemudoma imenujeta neodvisno tretjo osebo s strokovnim znanjem in izkušnjami na področju financ (v nadaljnjem besedilu: strokovnjak), ki preuči trditve strank in posreduje pri iskanju rešitve.
If no such solution is reached, the Expert shall decide, within […] from its appointment, on the objective requirement to include the relevant related tangible or intangible assets into the Divestment Business to ensure its viability and competitiveness, and the parties shall accept the Expert’s decision in this respect and will act accordingly.
Če taka rešitev ni dosežena, strokovnjak v […] od svojega imenovanja odloči o objektivni potrebi po vključitvi zadevnih opredmetenih ali neopredmetenih sredstev v odsvojeno družbo, da se zagotovita njena rentabilnost in konkurenčnost, stranki pa sprejmeta njegovo odločitev in ravnata v skladu z njo.
Issues relating to a disagreement shall be mentioned in the report of the Monitoring Trustee to the Commission.
Vprašanja v zvezi z nesoglasji se navedejo v poročilu nadzornega fiduciarja Komisiji,
ING is committed to ensuring optimal divestment conditions by making a business plan, creating an Internet platform and dedicating sales capabilities for the carved out entity.
ING se zavezuje, da bo s pripravo poslovnega načrta, vzpostavitvijo internetne platforme in dodelitvijo prodajnih zmogljivosti za delno izčlenjeno družbo zagotovila optimalne pogoje za odsvojitev.
Also, it will make payment capability available (on commercial terms) if the buyer so requests.
Če bo kupec to zahteval, bo novi družbi zagotovila tudi plačilno sposobnost (po tržnih pogojih).
In addition, ING will assist in creating a Treasury function and ensure funding for two years post-divestment, whereas ING’s funding support will gradually decline in those two years.
Poleg tega bo pomagala pri oblikovanju zakladniške funkcije in zagotovila financiranje za dve leti po odsvojitvi, ki se bo v tem času postopno zmanjševalo.
ING’s funding support to the WUH business will be based on internal funding transfer prices.
Finančna podpora, ki jo bo ING zagotovila družbi WUH, bo temeljila na notranjih prenosnih cenah za financiranje.
Moreover, ING will refrain for an interim period […] from actively soliciting customers of the WUH business for products that the WUH-business is supplying to these customers on the date of adoption of the present Decision.
poleg tega se bo ING v vmesnem obdobju […] vzdržala dejavnega pridobivanja strank družbe WUH za nakup produktov, ki jih WUH zagotavlja tem strankam na dan sprejetja te odločbe,
ING will seek to carve-out the WUH business within […].
ING si bo prizadevala, da bi končala postopek delne izčlenitve družbe WUH v […].
After the carve-out period […], ING will hold-separate the WUH business and seek to divest this business […] [26].
Po obdobju delne izčlenitve […] bo ING poskrbela, da bo družba WUH delovala ločeno, in si prizadevala za odsvojitev te družbe […] [26],
A monitoring trustee and hold separate manager will be appointed within […] after the date of the present Commission Decision and a Divestiture trustee will be appointed […].
nadzorni fiduciar in poslovodja odsvojene družbe bosta imenovana v […] od datuma sprejetja te odločbe Komisije, odsvojitveni fiduciar pa bo imenovan v […].
All trustees will be appointed by the Netherlands and preselected and proposed by ING. The trustees are subject to the Commission’s approval.
Vse fiduciarje bo imenovala Nizozemska, ING pa jih bo predhodno izbrala in predlagala. Fiduciarje mora odobriti Komisija;
The costs of all trustees appointed during the restructuring process will be borne by ING.
Stroške za vse fiduciarje, imenovane v postopku prestrukturiranja, bo nosila ING.
For restoring viability, the Netherlands commits that ING will adhere to the following:
Nizozemska se zavezuje, da bo ING za ponovno vzpostavitev rentabilnosti spoštovala naslednje:
ING commits to orientate its non-deposit funding towards longer term funding once markets revert to less stressed conditions by issuing more debt instruments with a maturity more than 1 year […].
ING se zavezuje, da bo svoje nedepozitno financiranje po umiritvi tržnih razmer usmerila v dolgoročnejše financiranje z izdajanjem več dolžniških instrumentov z zapadlostjo, daljšo od enega leta […],
ING endeavours to eliminate its double leverage (using core debt as equity capital in its subsidiaries) as soon as possible and commits to do so at the latest by […].
ING si bo prizadevala za čimprejšnjo odpravo svojega dvojnega vzvoda (z uporabo osnovnega dolga kot lastniškega kapitala v svojih odvisnih družbah) in se zavezuje, da bo to storila najpozneje do […].
The double leverage is automatically eliminated if and when ING Group reverts to being a regulated bank.
Dvojni vzvod se samodejno odpravi, če in ko ING Groep spet postane regulirana banka;
Regarding the deferral of coupons and calling of Tier 1 and Tier 2 securities the Netherlands commits that ING will adhere to the following:
v zvezi z odlogom plačila kuponov in nakupom vrednostnih papirjev prvega in drugega reda se Nizozemska zavezuje, da bo ING spoštovala naslednje:
If a rights issue of more than is needed to repay 50 % of the Core-Tier 1 securities, including the relevant accrued interest and the exit premium fee, ING will not be obliged to defer coupon payments on hybrids on 8 and 15 December 2009 [27] and any coupon payments on hybrids thereafter.
če je potrebna nova izdaja delnic s pravico prednostnega nakupa za obstoječe delničarje za poplačilo 50 % temeljnih vrednostnih papirjev prvega reda, vključno z zadevnimi natečenimi obrestmi in provizijami izhodnih premij, družbi ING ne bo treba odložiti plačil kuponov na hibridne instrumente, predvidenih za 8. in 15. december 2009, [27] ali katerega koli plačila kupona na hibridne instrumente po tem,
If such a rights issue does not take place and ING was loss-making in the preceding year, ING will be obliged to defer hybrid coupons, insofar as ING has the discretion to do so, for the three years starting from the date of the Commission decision or up to the date on which ING has fully repaid the Core-Tier 1 securities to the Netherlands (including the relevant accrued interest of Core-Tier 1 coupons and exit premium fees), whichever is shorter.
če nova izdaja delnic s pravico prednostnega nakupa za obstoječe delničarje ne bo izvedena in je ING v predhodnem letu ustvarila izgubo, bo morala ING odložiti plačila kuponov na hibridne instrumente, če bo imela diskrecijsko pravico za to, in sicer za tri leta od datuma sprejetja te odločbe Komisije ali dokler ING Nizozemski v celoti ne poplača temeljnih vrednostnih papirjev prvega reda (vključno z zadevnimi natečenimi obrestmi kuponov na temeljni kapital prvega reda in provizijami izhodnih premij), odvisno od tega, kaj nastopi prej,
The Netherlands commits that ING will refrain from mass marketing invoking the recapitalisation measure as an advantage in competitive terms.
Nizozemska se zavezuje, da se bo ING vzdržala množičnega trženja, pri katerem bi se sklicevala na državno pomoč kot na konkurenčno prednost;
The Netherlands commits that ING will maintain the restrictions on its remunerations policies and marketing activities as previously committed to under the agreements concerning the Core-Tier 1 securities and illiquid assets back-up facility.
Nizozemska se zavezuje, da bo ING ohranila omejitve svoje plačne politike in tržnih dejavnosti, kot se je predhodno zavezala v dogovorih o temeljnih vrednostnih papirjih prvega reda in rezervni kreditni liniji nelikvidnih sredstev;
ING and the Netherlands commit that the progress report about the implementation of the restructuring plan will be provided every six months to the Commission as of the date of the present Decision.
ING in Nizozemska se zavezujeta, da bosta Komisiji od datuma sprejetja te odločbe vsakih šest mesecev predložili poročilo o poteku izvajanja načrta prestrukturiranja;
The Dutch authorities commit that the full execution of ING’s restructuring will be completed before the end of 2013.
nizozemski organi se zavezujejo, da bo celotno prestrukturiranje ING končano pred koncem leta 2013.
REASONS FOR THE OPENING OF THE INVESTIGATION
RAZLOGI ZA ZAČETEK PREISKAVE
In the opening decision, the Commission expressed doubts on the compliance of the initial measure with the Impaired Asset Communication, and more particularly with regards to valuation and burden sharing.
Komisija je v odločitvi o začetku postopka izrazila dvome o skladnosti začetnega ukrepa s sporočilom o oslabljenih sredstvih, zlasti glede vrednotenja in porazdelitve bremena.