natgillin/translations-raw huggingface dataset:
The third type of stress test carried out by Dexia was designed to test the group liquidity and more specifically the group liquidity position in exceptional circumstances, by comparing the liquidity potentially required with the liquidity potentially available in such circumstances.
Pri tretji vrsti testa za skupino Dexia se je preverila likvidnost skupine, natančneje likvidnostni položaj skupine v izjemnih razmerah, pri čemer se je primerjala morebitna zahtevana likvidnost in morebitna razpoložljiva likvidnost v takih okoliščinah.
The stress test horizon is one month.
Stresni test zajema obdobje enega meseca.
The scenario applied combines the impact of an idiosyncratic shock linked to Dexia and the consequences of a general liquidity crisis.
Pri upoštevanem scenariju se vpliv močnega odziva skupine Dexia povezuje s posledicami splošne likvidnostne krize.
This liquidity stress test was undertaken both by Dexia and by its supervisory authority (the Banking, Finance and Insurance Commission, ‘CBFA’).
Ta preskus vpliva izjemnih razmer na likvidnost sta izvedla tako Dexia kot tudi njen nadzorni organ (belgijska komisija za bančništvo, finance in zavarovalništvo (Commission bancaire, financière et des assurances, v nadaljnjem besedilu: CBFA)).
BEHAVIOURAL COMMITMENTS
VEDENJSKE ZAVEZE
The restructuring plan, notified on 9 February 2010, consists firstly in reducing short-term funding, lengthening the average maturity of long-term funding and increasing the group’s stable sources of funding.
Načrt prestrukturiranja, priglašen 9. februarja 2010, obsega zmanjšanje kratkoročnih oblik financiranja, podaljšanje povprečne ročnosti dolgoročnih oblik financiranja in povečanje virov stabilnega financiranja skupine.
In this respect, the Member States concerned undertake to ensure that Dexia complies with three quantitative funding ratios.
Zadevne države članice se zavezujejo, da bo Dexia pri tem upoštevala tri količinske deleže oblik financiranja.
Dexia is to maintain the ‘short-term funding [15]/total balance sheet’ ratio at 30 % at 31 December 2009, at a level below or equal to 23 % at 31 December 2010, below or equal to 20 % at 31 December 2011, below or equal to 14 % at 31 December 2012, below or equal to 13 % at 31 December 2013 and below or equal to 11 % at 31 December 2014.
Dexia ohrani 30-odstotni delež kratkoročnih oblik financiranja [15] glede na skupno bilančno vsoto na dan 31. decembra 2009, največ 23-odstotni delež na dan 31. decembra 2010, največ 20-odstotni delež na dan 31. decembra 2011, največ 14-odstotni delež na dan 31. decembra 2012, največ 13-odstotni delež na dan 31. decembra 2013 in največ 11-odstotni delež na dan 31. decembra 2014.
Dexia is to lengthen the maturity of its funding by maintaining the average life of the liabilities of the group [16] at a level exceeding or equal to the levels shown in Table 4 below:
Dexia podaljša ročnost svojih oblik financiranja, tako da povprečno raven ročnosti svojih obveznosti do virov sredstev [16] obdrži vsaj na ravneh iz spodnje tabele 4:
Trend in the average life of Dexia’s liabilities (in years)
Gibanje povprečne ročnosti obveznosti do virov sredstev za skupino Dexia (v letih)
Dexia is to increase its stable sources of funding: a ratio is calculated, with the numerator equal to the sum of the funding in the form of mortgage bonds and the funding in the form of RCB and PWB commercial deposits and with the denominator equal to the sum of all Dexia’s assets.
Dexia poveča svoje vire stabilnega financiranja: izračuna se razmerje, katerega števec je enak vsoti financiranja s hipotekarnimi obveznicami ter financiranja z depoziti podjetij v okviru dejavnosti RCB in PWB, njegov imenovalec pa je enak vsoti vseh sredstev skupine Dexia.
This ratio, equal to 36 % at 31 December 2009, must be above or equal to 40 % at 31 December 2010, above or equal to 45 % at 31 December 2011, above or equal to 53 % at 31 December 2012, above or equal to 55 % at 31 December 2013 and above or equal to 58 % on 31 December 2014.
Ta stopnja, ki je 31. decembra 2009 znašala 36 %, mora 31. decembra 2010 znašati najmanj 40 %, 31. decembra 2011 najmanj 45 %, 31. decembra 2012 najmanj 53 %, 31. decembra 2013 najmanj 55 % in 31. decembra 2014 najmanj 58 %.
An independent expert is to verify compliance with these three funding ratios every six months.
Neodvisni strokovnjak vsakih šest mesecev preveri upoštevanje teh treh stopenj finančnega vzvoda.
Dexia rules out lending to its PWB customers at a level of risk-adjusted return on capital (‘RAROC’) below 10 %.
Dexia se vzdrži dajanja posojil svojim strankam PWB po manj kot 10-odstotni stopnji tveganju prilagojene donosnosti kapitala (risk-adjusted return on capital, v nadaljnjem besedilu: RAROC).
The RAROC is calculated as the ratio between the net margin after tax and the economic capital [17].
Pri izračunu stopnje RAROC se neto marža po obdavčitvi navezuje na ekonomski kapital [17].
The gross margin is the difference between the margin invoiced to the customer (expressed in basis points above the IBOR reference rate) and Dexia’s funding cost (expressed in basis points above the IBOR reference rate) represented by the internal transfer price.
Bruto marža je razlika med maržo, ki se zaračuna stranki (izraženo z bazičnimi točkami nad referenčno obrestno mero IBOR), in stroški financiranja skupine Dexia (izraženimi z bazičnimi točkami nad referenčno obrestno mero IBOR), ki jih predstavlja notranja prenosna cena.
The internal transfer price reflects the estimated cost of Dexia’s new funding, taking account of the characteristics (maturity, eligibility for funding by mortgage bonds, etc.) of the loans to PWB customers.
Notranja prenosna cena odraža ocenjeni strošek novega financiranja skupine Dexia ob upoštevanju značilnosti posojil (ročnost, primernost za refinanciranje s hipotekarnimi obveznicami itd.) strankam PWB.
The net margin is equal to the gross margin less (i) costs of all kinds (overheads, salary costs, operating costs, amortisation and depreciation, etc.) estimated on the basis of the observation of the costs of lending to PWB customers, (ii) cost of average risk calculated for each transaction in accordance with the Basel II methodology (cost of average risk over a long period) and (iii) a tax charge.
Neto marža je enaka bruto marži, zmanjšani za (i) vse vrste stroškov (splošni stroški, stroški plač, stroški poslovanja, amortizacije itd.), ocenjene na podlagi spremljanja stroškov dejavnosti posojil za stranke PWB, (ii) stroške srednjeročnega tveganja, ki se za vsako transakcijo izračunajo ob upoštevanju metodologije Basel II (stroški srednjeročnega tveganja v daljšem obdobju), in (iii) davčno breme.
An independent expert verifies every six months that the RAROC reflects the costs of the PWB division, that the commitment referred to above to comply with a minimum RAROC of 10 % for the PWB activity is observed and that the methodology and calculation of the RAROC and its components are correct.
Neodvisni strokovnjak vsakih šest mesecev preveri, ali stopnja RAROC odraža stroške sektorja PWB, ali je upoštevana zgornja zaveza o upoštevanju najmanj 10-odstotne stopnje RAROC za dejavnost PWB ter ali sta metodologija in izračun stopnje RAROC in sestavin izračuna točna.
Dexia is to end the intra-group finance currently made available to its Turkish subsidiary DenizBank by 30 June 2011 at the latest and will not grant it any new financing until 31 December 2014.
Dexia najpozneje do 30. junija 2011 v celoti ukine financiranje, ki ga zdaj namenja svoji turški odvisni družbi DenizBank, in ji do 31. decembra 2014 ne zagotovi novega financiranja znotraj skupine.
By 30 June 2010, Dexia is to set up an LPMD reporting line.
Dexia do 30. junija 2010 vzpostavi linijo poročanja LPMD.
The assets assigned to this line are to be placed in run-off or sold.
Sredstva, namenjena za to linijo, se likvidirajo ali odprodajo.
the credit spread portfolio (CSP) and public sector portfolio (PSP) (estimated at approximately EUR 134 billion at 31 December 2009),
portfelj kreditnega razmika (Credit Spread Portfolio) in portfelj javnega sektorja (Public Sector Portfolio) (po ocenah naj bi 31. decembra 2009 znašala približno 134 milijard EUR),
the financial products portfolio of FSAM assets retained by Dexia (estimated at approximately EUR 10,7 billion at 31 December 2009), and
portfelj finančnih proizvodov (Financial Products) iz naslova sredstev FSAM, ki jih obdrži Dexia (po ocenah naj bi 31. decembra 2009 znašal približno 10,7 milijarde EUR), ter
the non-core PWB loans portfolio (estimated at approximately EUR 17 billion at 31 December 2009).
portfelj posojil za sekundarne dejavnosti PWB (po ocenah naj bi 31. decembra 2009 znašal 17 milijard EUR).
All guaranteed funding raised by Dexia will be allocated to this line.
Finančna sredstva, ki jih je zbrala Dexia in so upravičena do finančnega jamstva, so v celoti namenjena za to linijo.
Dexia is to limit new annual PWB turnover to EUR 12 billion in 2009, EUR 15 billion in 2010 and EUR 18 billion from 2011 to 2014.
Dexia svoj novi letni obseg dejavnosti PWB omeji na 12 milijard EUR v letu 2009, 15 milijard EUR v letu 2010 in 18 milijard EUR v obdobju 2011–2014.
Dexia is to reduce its operating costs by 15 % by 31 December 2012.
Dexia do 31. decembra 2012 svoje obratovalne stroške zniža za 15 %.
Dexia is to reduce its trading activities (44 % reduction in terms of value of the average annual risk, which amounted to EUR 126 billion in 2008) and to end its proprietary trading activities from the date of this Commission decision.
Dexia zmanjša svoje dejavnosti trgovanja (44-odstotno znižanje letne povprečne tvegane vrednosti, ki je leta 2008 znašala 126 milijard EUR) in s sprejetjem tega sklepa Komisije preneha z dejavnostmi trgovanja za svoj račun.
With immediate effect from the date of the Commission decision, Dexia is to definitively waive the Dexia BIL EUR 376 million convertible bond, which Luxembourg had undertaken to subscribe to in September 2008.
Dexia se dokončno in s takojšnjim učinkom po sprejetju sklepa Komisije odreče dobičku iz zamenljivih obveznic družbe Dexia BIL v višini 376 milijonov EUR, k vpisu katerih se je Luksemburg zavezal septembra 2008.
Dexia’s recourse to the guarantee on funding by the Member States concerned is limited by the following conditions:
Finančno jamstvo zadevnih držav članic za skupino Dexia je omejeno z naslednjimi pogoji:
end of the guarantee for all deposit contracts concluded from 31 March 2010,
prenehanje jamstva za vse pogodbe o vlogah, sklenjene od 31. marca 2010,
end of the guarantee on funding for all short-term issues (at less than one year) from 31 May 2010,
prenehanje finančnega jamstva za vse kratkoročne izdaje (do enega leta), realizirane od 31. maja 2010,
end of the guarantee on funding for all (including long-term) issues or contracts concluded from 30 June 2010,
prenehanje finančnega jamstva za vse izdaje (vključno z dolgoročnimi) ali pogodbe, realizirane ali sklenjene od 30. junija 2010,
the total outstanding amounts guaranteed may at no time exceed EUR 100 billion;
skupni znesek zavarovanih neporavnanih obveznosti ne sme nikoli preseči 100 milijard EUR,
during the period covered by the guarantee, Dexia will pay the Member States concerned additional remuneration on any amount exceeding the following thresholds of outstanding amounts guaranteed:
Dexia v obdobju uveljavitve jamstva zadevnim državam članicam izplača dodatno nadomestilo za znesek prekoračitve, če so prekoračeni naslednji pragovi zavarovanih neporavnanih obveznosti:
Additional remuneration payable on exceeding the amount of bond liabilities guaranteed
Dodatno nadomestilo, ki se plača ob prekoračitvi zneskov kritih dolžniških obveznic
Threshold/tranche (outstanding amount guaranteed in EUR billion)
Prag/tranša (zavarovanih neporavnanih obveznosti v milijardah EUR)
Additional remuneration for excess (in basis points)
Dodatno nadomestilo za prekoračitev (v bazičnih točkah)
Until 31 October 2014, Dexia will not use its status as a bank with a guarantee by the Member States concerned for commercial advertising purposes and will not use the guarantee for purely arbitrage transactions.
Dexia do 31. oktobra 2014 svojega statusa banke z jamstvom zadevnih držav članic ne bo uporabila za namene komercialnega oglaševanja, niti ne bo jamstva uporabila za posle, ki so zgolj in samo arbitraža.
Until 31 December 2011, Dexia SA and the subsidiaries over which it exercises exclusive or joint control will not make any acquisition of more than 5 % of the share capital of other credit institutions or investment firms or insurance companies, unless authorised to do so by the Commission.
Dexia SA in odvisne družbe, nad katerimi ima izključni ali deljeni nadzor, do 31. decembra 2011 ne pridobijo več kot 5 % lastniškega kapitala drugih kreditnih institucij, investicijskih podjetij ali zavarovalnic, razen z dovoljenjem Komisije.
This commitment does not impede the acquisition by Dexia, subject to the prior agreement of the Commission, of a holding, as remuneration for a contribution of holdings or business activities carried out as part of a divestment or pooling (by merger or contribution) of assets or business activities, provided that, in such a case, this holding does not confer on Dexia the exclusive or joint control of the entity receiving the contribution or resulting from the merger.
Zgornja zaveza pa skupini Dexia ne preprečuje, da s predhodnim soglasjem Komisije pridobi delež kot nadomestilo za naložbo v delnice ali dejavnosti, izvedeno v okviru odprodaje ali združevanja (z združitvijo ali vložkom) sredstev ali dejavnosti, če pri tem Dexia z navedenim deležem ne pridobi izključnega ali deljenega nadzora nad subjektom, ki vložek prejme, ali če nadzor izhaja iz združitve.
Dexia will inform the Commission in advance of any acquisition plans, including any plans considered by undertakings over which Dexia exercises joint control.
Dexia Komisijo predhodno obvesti o vseh načrtovanih prevzemih, vključno s tistimi, ki jih načrtujejo podjetja, nad katerimi ima Dexia deljeni nadzor.
Until 31 December 2014, Dexia will limit the amount of:
Dexia bo do 31. decembra 2014 omejila znesek:
any form of dividends distributed by Dexia SA in respect of its ordinary shares, and
vseh oblik dividend, ki jih Dexia SA razdeli iz naslova svojih rednih delnic, in
any discretionary early repayment or payment of coupons on hybrid Tier 1 instruments or Tier 2 instruments (i) issued by entities over which Dexia has exclusive control (ii) held by persons or entities other than Dexia SA and its subsidiaries and (iii) the payment or exercise of which is discretionary by virtue of the contractual provisions covering these instruments, so that, after the distribution or the payment under consideration (and taking account of any payments which have become mandatory on account of the payment of a dividend in respect of ordinary shares), Dexia’s Core Tier 1 (calculated by reference to the latest consolidated annual accounts prepared in accordance with IFRS),
vseh predčasnih diskrecijskih povračil ali izplačil kuponov za hibridne instrumente temeljnega kapitala prvega reda ali instrumente kapitala drugega reda (i), ki jih izdajo subjekti, nad katerimi ima Dexia izključni nadzor, (ii) ki niso v lasti matične družbe Dexia SA in njenih odvisnih družb ter (iii) katerih plačilo ali izvajanje je diskrecijsko na podlagi pogodbenih določb, ki veljajo za te instrumente, tako da po razdelitvi ali predvidenem izplačilu (in ob upoštevanju morebitnih obveznih izplačil zaradi izplačila dividende iz naslova navadnih delnic) temeljnega kapitala prvega reda skupine Dexia (izračunan glede na zadnje konsolidirane zaključne račune, pripravljene v skladu s standardi MSRP),
remains above or equal to the level below:
(i). ostane najmanj enak spodnji stopnji in;
and remains above or equal to the sum of (i) 12,5 % of the risk-weighted assets of the Legacy Portfolio Management Division and (ii) 9,5 % of the risk-weighted assets of the other activities of the group (the ‘Core Division’),
ostane najmanj enak vsoti (i) 12,5 % tveganju prilagojenih sredstev („risk weighted assets“) sektorja za upravljanje preostanka portfelja („Legacy Portfolio Management Division“) in (ii) 9,5 % tveganju prilagojenih sredstev („risk weighted assets“) drugih dejavnosti skupine (glavni sektor),
The commitment mentioned under recital 80:
Zaveza iz uvodne izjave 80:
is without prejudice to the distributable profit requirement (within the meaning of Article 617 of the Belgian Companies Code) at Dexia level,
ne vpliva na zahtevo po razdeljivem dobičku (v smislu člena 617 belgijskega zakonika o gospodarskih družbah) na ravni skupine Dexia,
is without prejudice to the operations which Dexia will be required to undertake in respect of hybrid Tier 1 or Tier 2 instruments legally or by virtue of contracts concluded before 1 February 2010, and
ne vpliva na transakcije, ki jih mora Dexia po zakonu izvesti v zvezi s hibridnima instrumentoma temeljnega kapitala prvega reda ali kapitala drugega reda, ali transakcije, ki jih mora Dexia v zvezi s tema instrumentoma izvesti na podlagi pogodb, sklenjenih pred 1. februarjem 2010, ter
may be revised in the event of significant change in the definition of the prudential own funds and accounting standards applicable to Dexia.
se lahko popravi, če se bistveno spremeni opredelitev lastnih virov sredstev za zagotovitev skrbnega in varnega poslovanja in računovodskih standardov, ki veljajo za skupino Dexia.
Moreover, without prejudice to the operations which Dexia may be legally required to undertake in respect of hybrid Tier 1 or Tier 2 instruments legally or by virtue of contracts concluded before 1 February 2010, Dexia shall refrain until 31 December 2011 from:
Poleg tega se Dexia, ne da bi to vplivalo na transakcije v zvezi s hibridnima instrumentoma temeljnega kapitala prvega reda ali kapitala drugega reda, ki jih mora izvesti po zakonu, ali transakcije, ki jih mora izvesti na podlagi pogodb, sklenjenih pred 1. februarjem 2010, do 31. decembra 2011 vzdrži:
making any payments of coupons on hybrid Tier 1 or Tier 2 instruments held by persons or entities other than Dexia SA and its subsidiaries, the payment of which is discretionary by virtue of the contractual provisions covering these instruments,
izplačila kuponov za hibridne instrumente temeljnega kapitala prvega reda ali instrumente kapitala drugega reda, ki niso v lasti matične družbe Dexia SA in njenih odvisnih družb ter ki so diskrecijski glede na pogodbene določbe, ki veljajo za te instrumente,
approving or voting in favour of the payment of any form of dividend by any entity over which Dexia SA directly or indirectly exercises exclusive control (including entities which it fully owns) when such a payment would involve an obligation to pay a coupon on hybrid Tier 1 or Tier 2 instruments held by persons other than Dexia SA and its subsidiaries, and
odobritve ali glasovanja v prid izplačilu kakršne koli oblike dividende s strani katerega od subjektov, nad katerimi ima Dexia SA neposredno ali posredno izključni nadzor (vključno s subjekti, ki so 100-odstotno v njeni lasti), če bi tako izplačilo povzročilo obveznost izplačila kuponov za hibridne instrumente temeljnega kapitala prvega reda ali instrumente kapitala drugega reda, ki niso v lasti matične družbe Dexia SA in njenih odvisnih družb, ter
exercising a discretionary early repayment option for the hybrid Tier 1 or Tier 2 instruments referred to in the first indent above.
izvajanja diskrecijske opcije predčasnega izplačila iz hibridnih instrumentov temeljnega kapitala prvega reda ali instrumentov kapitala drugega reda iz prve alinee zgoraj.
In this respect, it should be recalled that, under commitments entered into by the Member States concerned in the context of the Commission decision of 30 October 2009 extending the guarantee, since the date of that decision and until the date of the present decision, Dexia is required to refrain from:
V zvezi s tem je treba opozoriti, da se mora Dexia v skladu z zavezami, ki so jih zadevne države članice sprejele v okviru odločitve Komisije z dne 30. oktobra 2009 o podaljšanju jamstva, od datuma navedene odločitve do datuma tega sklepa vzdržati:
declaring any interim dividends or proposing to the Dexia SA General Meeting of Shareholders the payment of any form of dividend to Dexia SA shareholders;
vsakršne razglasitve vmesne dividende ali predloga generalni skupščini delničarjev družbe Dexia SA za izplačilo vseh oblik dividende v korist delničarjev družbe Dexia SA;
approving or voting in favour of the payment of any form of dividend by entities over which Dexia SA directly or indirectly exercises exclusive control but does not fully own, directly or indirectly;
odobritve ali glasovanja v prid izplačilu vseh oblik dividend s strani subjektov, nad katerimi Dexia SA neposredno ali posredno izvaja izključni nadzor, vendar niso (neposredno ali posredno) v njeni 100-odstotni lasti;
approving or voting in favour of the payment of any form of dividend by any entity over which Dexia SA directly or indirectly exercises exclusive control (including entitles which it fully owns) when such a payment would involve an obligation to pay a coupon on hybrid Tier 1 instruments or perpetual Upper Tier 2 instruments held by persons or entities other than Dexia SA and its subsidiaries;
odobritve ali glasovanja v prid izplačilu vseh oblik dividend s strani katerega od subjektov, nad katerimi ima Dexia SA neposredno ali posredno izključni nadzor (vključno s subjekti, ki so 100-odstotno v njeni lasti), če bi tako izplačilo povzročilo obveznost izplačila kuponov za hibridne instrumente temeljnega kapitala prvega reda (Tier 1) ali dolgoročne instrumente presežnega kapitala drugega reda (Upper Tier 2), ki niso v lasti skupine Dexia SA in njenih odvisnih družb;
making any payments of coupons on hybrid Tier 1 instruments or perpetual Upper Tier 2 instruments held by persons or entities other than Dexia SA and its subsidiaries, the payment of which is discretionary by virtue of the contractual provisions covering these instruments.
izplačil kuponov za hibridne instrumente Tier 1 ali dolgoročne instrumente Upper Tier 2, ki niso v lasti skupine Dexia SA in njenih odvisnih družb in ki so diskrecijski glede na pogodbene določbe, ki veljajo za te instrumente.
However, if non-payment were likely to lead to suspension of payment of dividends by Dexia SA with respect to the 2009 results, the above prohibition may not apply provided that Dexia has informed the Commission in advance and the Commission has approved the payment of the coupon on an ad hoc basis; or
Če pa bi lahko to neplačilo povzročilo preklic izplačila dividend družbe Dexia SA v okviru poslovnega izida za leto 2009, te prepovedi ni treba upoštevati, če je Dexia o tem predhodno obvestila Komisijo in če je Komisija ad hoc odobrila navedeno izplačilo kuponov, ali
exercising a discretionary early repayment option for the hybrid instruments referred to in points (iii) and (iv) of this recital.
izvajanja diskrecijske opcije predčasnega povračila za hibridne instrumente iz točk (iii) in (iv) te uvodne izjave.
With a view to boosting competition and transparency still further regarding local authorities’ bank loans, France undertakes to ensure that the local authorities develop their competitive procurement practices when procuring money or capital.
Za še večjo konkurenčnost in preglednost dodeljevanja bančnih posojil lokalnim skupnostim se Francija zavezuje, da bo poskrbela, da bodo lokalne skupnosti razvile postopke za zbiranje ponudb v okviru pridobivanja denarja ali kapitala.
The State will expressly issue recommendations along these lines to the local and regional authorities before the end of 2010, concerning both bank finance and the use of complex financial products.
Priporočila v zvezi s tem bo država izrecno poslala ozemeljskim skupnostim pred koncem leta 2010, in sicer tako glede bančnega financiranja kot tudi glede uporabe sestavljenih finančnih instrumentov.