natgillin/translations-raw huggingface dataset:
If the Commission rejects the independent expert(s) proposed, Dexia and the Belgian, French and Luxembourg authorities shall propose, within one month of communication of the rejection, one to three new candidates who shall also have to be approved or rejected by the Commission.
Če Komisija zavrne predlagane neodvisne strokovnjake, Dexia ter belgijski, francoski in luksemburški organi v enem mesecu po tem, ko so obveščeni o zavrnitvi, predlagajo največ tri nove kandidate, ki jih mora Komisija prav tako odobriti ali zavrniti.
If all the candidates proposed are finally rejected by the Commission, the Commission shall designate an ‘independent expert’.
Če Komisija nazadnje zavrne vse predlagane kandidate, neodvisnega strokovnjaka določi sama.
The costs of the services of the independent expert shall be paid by Dexia.
Stroške storitev neodvisnega strokovnjaka nosi Dexia.
Throughout the restructuring plan, the Commission shall have unrestricted access at all times to the information necessary to implement its decision approving the restructuring plan.
Komisija ima ves čas izvajanja načrta prestrukturiranja neomejen dostop do informacij, potrebnih za izvajanje sklepa o odobritvi načrta prestrukturiranja.
With the agreement of the Belgian, French and Luxembourg authorities, it may apply to Dexia directly to obtain the required explanations and specifications.
V soglasju z belgijskimi, francoskimi in luksemburškimi organi se lahko za potrebno razlago in pojasnila obrne neposredno na skupino Dexia.
The Belgian, French and Luxembourg authorities and Dexia shall provide full cooperation with regard to all the verifications which the Commission or, where appropriate, the independent expert may request.
Belgijski, francoski in luksemburški organi ter Dexia zagotovijo polno sodelovanje pri vseh preverjanjih, ki bi jih lahko zahtevala Komisija ali, če je to primerno, neodvisni strokovnjak.
The independent expert, in cooperation with Dexia, shall submit a half-yearly report to the Commission on the implementation of the commitments above.
Neodvisni strokovnjak v sodelovanju s skupino Dexia vsakega pol leta Komisiji predloži poročilo o uresničevanju zgornjih zavez.
This report shall include a detailed account of the progress in the implementation of the restructuring plan and shall cover in particular: (i) the reduction in the size of the balance sheet as provided for in point 14 above, (ii) the liquidity and funding ratios as provided for in point 5 above; (iii) compliance with the RAROC commitment during the previous six months provided for in point 3 above; (iv) the divestments and closures of activities provided for in point 13 above, including the date of the divestment or closure, the book value of the assets at 31 December 2008, the value of the divestment, the capital gains or losses made and the details of the measures still to be implemented under the restructuring plan.
Poročilo vsebuje podroben pregled uresničevanja načrta prestrukturiranja, zlasti: (i) zmanjšanja bilančne vsote, kot je določeno v zgornji točki 14, (ii) likvidnostnih in finančnih deležev iz zgornje točke 5, (iii) upoštevanja zaveze v zvezi s stopnjo RAROC v prejšnjem polletju iz zgornje točke 3, (iv) odprodaj in ukinitve dejavnosti iz zgornje točke 13, z navedbo datuma odprodaje ali ukinitve, knjigovodske vrednosti sredstev na dan 31. decembra 2008, vrednosti ob odprodaji, doseženega dobička ali izgube in podrobnosti o ukrepih, ki jih je še treba izvesti v okviru načrta prestrukturiranja.
This report shall also include the cost components and the calculation of the RAROC (mentioned in point 3 above) applicable for the six months following the submission of the report.
Poročilo vsebuje tudi stroškovne elemente in izračun stopnje RAROC (iz zgornje točke 3), ki veljajo za polletje po predložitvi poročila.
This report shall be submitted no more than one month after the presentation of the half-yearly accounts and the approval of the annual accounts and in any event before 1 October and 30 April of each year.
Poročilo se pošlje najpozneje en mesec po predstavitvi polletnih računovodskih izkazov in potrditvi letnih računovodskih izkazov, vsekakor pa vsako leto pred 1. oktobrom in 30. aprilom.
If, in his report presented before 1 October of each year, the independent expert considers it possible that the annual objectives provided for above may not be attained at the end of the year in progress, the Belgian, French and Luxembourg authorities shall present to the Commission, within a month of submission of the report, the measures planned with Dexia to enable these objectives to be attained by the appropriate means before the end of the year.
Če neodvisni strokovnjak v poročilu, predloženem vsako leto pred 1. oktobrom, ugotovi nevarnost, da letni cilji iz načrta prestrukturiranja ne bodo doseženi do konca tekočega leta, belgijski, francoski in luksemburški organi v enem mesecu po predložitvi poročila Komisiji predstavijo ukrepe, načrtovane s skupino Dexia, na podlagi katerih bo mogoče te cilje z ustreznimi sredstvi doseči pred koncem leta.
If, in his report presented before 30 April of each year, the independent expert finds that the annual objectives provided for above have not been attained, the Belgian, French and Luxembourg authorities shall present to the Commission, within a month following the submission of the report, the measures planned with Dexia to enable these objectives to be attained by the appropriate means before 30 June of the current year.
Če neodvisni strokovnjak v poročilu, ki ga predloži vsako leto pred 30. aprilom, ugotovi, da letni cilji iz načrta prestrukturiranja niso bili doseženi, belgijski, francoski in luksemburški organi v enem mesecu po predložitvi poročila Komisiji predstavijo ukrepe, načrtovane s skupino Dexia, na podlagi katerih bo mogoče te cilje z ustreznimi sredstvi doseči do 30. junija tekočega leta.
If the measures envisaged under points 18(c) and 18(d) above are not presented within the time limit laid down or if the objectives are not attained by 30 June (concerning the measures presented, where appropriate, after the report to be filed by 30 April), the Commission may, pursuant to Regulation (EC) No 659/1999, reopen the formal investigation procedure.
Če se ukrepi iz zgornjih točk 18(c) in 18(d) ne predložijo v predvidenem roku ali če cilji niso doseženi pred 30. junijem (za ukrepe, predložene, če je to primerno, po predložitvi poročila, ki ga je treba predložiti do 30. aprila), lahko Komisija na podlagi Uredbe (ES) št. 659/1999 znova sproži formalni postopek preiskave.
Revision of the commitments
Pregled zavez
On the basis of a duly substantiated request by France, Belgium and Luxembourg, the Commission may:
Komisija lahko na podlagi ustrezno obrazložene prošnje Francije, Belgije in Luksemburga:
authorise Dexia to delay the divestment of one or more assets referred to in point 13 above; or
skupini Dexia dovoli, da odloži odprodajo enega ali več sredstev iz zgornje točke 13; ali
authorise Dexia to substitute for the divestment of one or more assets referred to in point 13 above a divestment of assets representing an equivalent proportion of Dexia’s balance sheet; or
skupini Dexia dovoli, da odprodajo enega ali več sredstev iz zgornje točke 13 nadomesti z odprodajo sredstev z enakovrednim deležem v bilanci stanja skupine Dexia, ali
decide that one or more of the commitments set out above no longer applies;
ukine eno od zgornjih zavez;
take account of Dexia’s ability to cover its short-term funding need by mobilising its asset reserves eligible for repos if one or other of the indicators defined in point 5 is not achieved.
upošteva zmožnost družbe Dexia, da svoje potrebe po kratkoročnem financiranju pokrije s sprostitvijo rezervnih sredstev, primernih za repo posle, če ni dosežen eden od kazalnikov iz točke 5.
The Commission may take one of the decisions mentioned in the previous paragraph if it considers that such a decision is necessary, for example to maintain effective competition in the market or to restore financial stability in the event of a lasting financial or economic crisis, or if the trend in the economic environment, and notably the exchange rates, or accounting and prudential rules, so justify.
Komisija lahko sprejme eno od odločitev iz zgornjega odstavka, če meni, da je to nujno, na primer za ohranitev učinkovite konkurence ali za ponovno vzpostavitev finančne stabilnosti med dolgotrajno finančno ali gospodarsko krizo, ali če je to upravičeno zaradi sprememb gospodarskega okolja, zlasti obrestnih mer, ali računovodskih in bonitetnih pravil.
Competition and transparency regarding the bank loans of the local authorities
Konkurenčnost in preglednost bančnih posojil lokalnim skupnostim
The State shall 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 država izrecno pošlje ozemeljskim lokalnim skupnostim pred koncem leta 2010, in sicer tako glede bančnega financiranja kot tudi glede uporabe sestavljenih finančnih instrumentov.
These recommendations shall stress the inherent economic interest, in this sector, of implementing competitive procurement measures and shall indicate the different practical arrangements under which these measures can be implemented.
V teh priporočilih je poudarjen gospodarski interes tega sektorja za izvajanje ukrepov zbiranja ponudb in navedejo se različna praktična pravila za izvedbo teh ukrepov.
The good practices advocated shall provide for the public nature of the competitive procurement for the largest borrowings.
S priporočenimi dobrimi praksami se predvidi javna narava zbiranja ponudb za posojila v najvišjih zneskih.
These recommendations shall be brought to the attention of the departments responsible for providing the local and regional authorities in particular with assistance and advice.
S temi priporočili se seznanijo zlasti službe, pristojne za pomoč in svetovanje ozemeljskim skupnostim.
Trend in the size of the balance sheet for the Core Division and Non-Core activities, including intra-division financing
Gibanje skupne bilančne vsote glavnega in sekundarnega sektorja, vključno s financiranjem znotraj sektorjev
Total Core assets
Sredstva glavne dejavnosti skupaj
Total Non-core assets
Sredstva sekundarne dejavnosti skupaj
Total size of the group’s consolidated balance sheet
Skupna konsolidirana bilančna vsota skupine
Definition of RAROC under point 3(a) of the commitments
Opredelitev stopnje RAROC iz točke 3(a) zavez
The RAROC is calculated using the following formula:
Stopnja RAROC se izračuna po naslednji formuli:
where:
Pri čemer so:
EC economic capital
Prihodki dohodki EK ekonomski kapital
EL expected loss
PI pričakovana izguba
Costs costs allocated to the transaction under the business line
Stroški stroški transakcije v okviru dejavnosti Dajatve davki
Definition of the group’s short-term funding covered in point 5(a) of the commitments
Opredelitev kratkoročnih oblik financiranja skupine, na katere se nanaša točka 5(a) zavez
The short-term funding referred to under point 5(a) comprises: repo operations of all kinds (with the central banks, bilateral or triparty), certificates of deposit and commercial paper, interbank deposits, fiduciary deposits, central bank deposits and other wholesale financing.
Kratkoročne oblike financiranja, povzete v točki 5(a), vključujejo: vse vrste repo poslov (s centralnimi bankami, dvostranske ali tristranske), potrdila o vlogah in komercialne zapise, medbančne vloge, fiduciarne depozite ter druge oblike financiranja podjetij.
This group is monitored by the liquidity competence centre within the group and its composition is subject to rules which will be transmitted to the independent expert.
Vse to spremlja pristojni center za nadzor likvidnosti znotraj skupine, sestavljen v skladu s pravili, ki bodo poslana neodvisnemu strokovnjaku.
Definition of the group’s liabilities covered in point 5(b) of the commitments
Opredelitev obveznosti skupine, na katere se nanaša točka 5(b) zavez
The liabilities of the group referred to in point 5(b) comprise:
Obveznosti skupine, na katere se nanaša točka 5(b), vključujejo:
the long-term stock of all the covered bonds issued by the group and issues in EMTN format (guaranteed, unguaranteed and placed on the interbank market or via the retail banking network);
dolgoročna stanja: vse krite obveznice, ki jih je izdala skupina, in izdaje v obliki EMTN (zavarovane, nezavarovane in dane na medbančni trg ali prek mreže bančnega poslovanja z občani);
the short-term stock of all the short-term funding recorded in the group’s balance sheet.
kratkoročna stanja: vse oblike kratkoročnega financiranja v bilanci stanja skupine.
A non-confidential version of the complaint form and its enclosures was forwarded by the Commission to the Belgian authorities by letter dated 13 November 2008.
Komisija je belgijskim organom 13. novembra 2008 poslala nezaupno različico obrazca za predložitev pritožbe in njegovih prilog.
The Belgian authorities sent their observations on the complaint to the Commission by letter dated 19 November 2008.
Belgijski organi so v dopisu z dne 19. novembra 2008 Komisiji poslali pripombe v zvezi s pritožbo.
In accordance with their commitments, a Dexia restructuring plan (‘the initial restructuring plan’) was notified to the Commission by the authorities of the Member States concerned on 16, 17 and 18 February 2009 respectively.
Zadevne države članice so 16., 17. oziroma 18. februarja 2009 v skladu s svojimi zavezami Komisiji priglasile načrt prestrukturiranja (v nadaljnjem besedilu: prvotni načrt prestrukturiranja) skupine Dexia.
Additional information on the initial restructuring plan was submitted on 27 February and 3, 5, 6, 7, 8 and 9 March 2009.
Dodatne informacije o prvotnem načrtu prestrukturiranja so bile predložene 27. februarja ter 3., 5., 6., 7., 8. in 9. marca 2009.
The Commission invited interested parties to submit their comments on the measures in question [5].
Komisija je zainteresirane strani pozvala, naj predložijo pripombe o zadevnih pomočeh [5].
By decision of 30 October 2009 [6], the Commission authorised the extension of the guarantee until 28 February 2010 or until the date of the Commission decision on the compatibility of the aid measures and Dexia’s restructuring plan, if this decision is taken before 28 February 2010.
Komisija je z odločitvijo z dne 30. oktobra 2009 [6] odobrila podaljšanje jamstva do 28. februarja 2010 oziroma do odločitve Komisije glede združljivosti ukrepov pomoči in načrta prestrukturiranja skupine Dexia, če bi se to zgodilo pred 28. februarjem 2010.
The Commission specifies in its decision that the measures proposed in the initial restructuring plan did not allow a decision to be taken on the compatibility of the aid at this stage.
Komisija v odločitvi pojasnjuje, da na podlagi ukrepov, predlaganih v prvotnem načrtu prestrukturiranja, še ni mogoče odločiti o združljivosti pomoči.
By communication of 9 February 2010, the Member States concerned sent the Commission information on the additional measures planned to supplement the initial restructuring plan notified in February 2009.
Zadevne države članice so z dopisom z dne 9. februarja 2010 Komisiji poslale informacije o dodatnih ukrepih, načrtovanih za dopolnitev prvotnega načrta prestrukturiranja, priglašenega februarja 2009.
The set of restructuring measures notified in this way between February 2009 and February 2010 constitute Dexia’s restructuring plan (‘the restructuring plan’).
Načrt prestrukturiranja skupine Dexia (v nadaljnjem besedilu: načrt prestrukturiranja) sestavljajo vsi ukrepi, priglašeni med februarjem 2009 in februarjem 2010.
On 31 December 2008, its market capitalisation was EUR 5,64 billion. Dexia was formed in 1996 by the merger of France’s Crédit Local and Belgium’s Crédit communal.
Njena tržna kapitalizacija je 31. decembra 2008 znašala 5,64 milijarde EUR. Dexia je nastala leta 1996 z združitvijo podjetij Crédit Local de France in Crédit communal de Belgique.
It specialises in loans to local authorities but also has 5,5 million private customers, mainly in Belgium and in Turkey, via its local subsidiary DenizBank.
Njena glavna dejavnost je dajanje posojil lokalnim skupnostim, ima pa tudi 5,5 milijona zasebnih strank, in sicer v glavnem v Belgiji, prek tamkajšnje odvisne družbe DenizBank pa tudi v Turčiji.
The Commission refers to its decision of 19 November 2008.
Komisija se sklicuje na odločitev z dne 19. novembra 2008.
The EUR 6 billion capital increase by the Belgian and French shareholders, consisting in the issue of ordinary Dexia SA shares, became definitive on 3 October 2008.
Dokapitalizacija v višini 6 milijard EUR, ki so jo izvedli belgijski in francoski delničarji in je obsegala vpis rednih delnic matične družbe Dexia SA, je postala dokončna 3. oktobra 2008.
The underwriting of this reserved capital increase is broken down as follows:
K tej zaprti dokapitalizaciji sta prispevali:
The guarantee of Dexia’s bond liabilities, granted on 9 October 2008 by the Member States concerned, was already the subject of the decision of 19 November 2008.
Jamstvo za dolžniške obveznice skupine Dexia, ki so ga 9. oktobra 2008 dodelile zadevne države članice, je bilo obravnavano že v odločitvi z dne 19. novembra 2008.
Under the guarantee agreement, the three Member States concerned jointly undertook to guarantee, from 9 October 2008 to 31 October 2009, the new interbank and institutional financing and new bond financing, with a maximum maturity of three years, raised by Dexia SA, Dexia BIL, DCL and DBB.
Zadevne tri države članice so se s pogodbo o jamstvu zavezale, da bodo od 9. oktobra 2008 do 31. oktobra 2009 jamčile za novo medbančno in institucionalno financiranje ter novo financiranje z izdajo obveznic z največ triletno dospelostjo družbam Dexia SA, Dexia BIL, DCL in DBB.
The LA operation provided by the BNB in cooperation with the Banque de France has already been the subject of the Commission decision of 19 November 2008.
Ukrep likvidnostne pomoči, ki ga je BNB zagotovila v sodelovanju z Banque de France, je bil obravnavan že v odločitvi Komisije z dne 19. novembra 2008.
The FSA measure was the subject of the Commission decision of 13 March 2009.
Ukrep za družbo FSA je bil obravnavan v odločitvi Komisije z dne 13. marca 2009.
Under this measure, the Belgian and French Governments provide a guarantee to allow Dexia to honour a put agreement whereby FSA Asset Management (‘FSAM’), a former subsidiary of FSA not sold to Assured Guaranty, will have the option of selling certain assets included in the FSAM portfolio to Dexia SA and/or DCL upon the occurrence of certain trigger events (see recitals 50 to 59).
S tem ukrepom belgijska in francoska vlada dodelita jamstvo skupini Dexia, da ta lahko izpolni opcijsko pogodbo, na podlagi katere bo lahko FSA Asset Management (v nadaljnjem besedilu: FSAM), nekdanja odvisna družba FSA, ki ni bila prodana družbi Assured Guaranty, ob določenih sprožitvenih dogodkih nekatera sredstva iz portfelja FSAM prodala družbi Dexia SA in/ali DCL (v nadaljnjem besedilu: opcijska pogodba) (glej uvodne izjave od 50 do 59).
This includes, in particular, abandoning, reducing and selling certain activities and the introduction of two separate internal reporting lines, one relating to traditional banking activities (‘core division’), comprising the bulk of the PWB and RCB activities, representing 72 % of Dexia’s total balance sheet at end-2009, and the other relating to the activities in run-off called the ‘Legacy Portfolio Management Division’ (‘LPMD’), mainly comprising the bond portfolio and, more marginally, international PWB activities, representing 28 % of Dexia’s total balance sheet at end-2009.
To vključuje zlasti opustitev, zmanjšanje in odprodajo nekaterih dejavnosti; uvedbo dveh ločenih notranjih linij poročanja, eno za tradicionalne bančne dejavnosti (v nadaljnjem besedilu: glavni sektor), ki v glavnem obsega dejavnosti PWB in RCB, ki so konec leta 2009 pomenile skoraj 72 % bilančne vsote skupine Dexia, in drugo za dejavnosti v likvidaciji, tako imenovani sektor za upravljanje preostanka portfelja (Legacy Portfolio Management Division, v nadaljnjem besedilu: LPMD), ki v glavnem obsega portfelj obveznic, nekoliko manj pa mednarodne dejavnosti PWB, in je konec leta 2009 pomenila 28 % bilančne vsote skupine Dexia.
The improvement in the liquidity profile is achieved by reducing market and short-term funding and increasing the average maturity of the funding and through recourse to more stable funding (retail and commercial deposits and mortgage bonds).
Izboljšanje likvidnostnega profila se doseže z zmanjšanjem oblik tržnega in kratkoročnega financiranja ter s podaljšanjem povprečne ročnosti financiranja in odločanjem za stabilnejše financiranje (depoziti občanov in podjetij, hipotekarne obveznice).
Dexia SA will refrain from the distribution of dividends on ordinary shares until 31 December 2011.
Dexia SA se do 31. decembra 2011 vzdrži razdelitve dividend na svoje redne delnice.
This prohibition will not apply to distributions of dividends made entirely by the allocation of new shares, provided that the amount of these distributions is (i) in accordance with recital 80 and (ii) below or equal to 40 % of the net result made by Dexia SA for the financial year 2009 as regards the distributions made in 2010 and below or equal to 40 % of the net result made by Dexia SA for the financial year 2010 with regard to the distributions made in 2011 [18].
Ta prepoved ne velja za razdelitve dividend, ki se v celoti izvedejo z dodelitvijo novih delnic, če znesek teh razdelitev (i) v skladu z uvodno izjavo 80 in (ii) za razdelitve v letu 2010 ne preseže 40 % neto poslovnega izida skupine Dexia SA v poslovnem letu 2009, za razdelitve v letu 2011 pa ne preseže 40 % neto poslovnega izida skupine Dexia SA v poslovnem letu 2010 [18].
The restructuring plan leads to a 35 % reduction in Dexia’s total balance sheet by 31 December 2014 compared to its size at 31 December 2008.
Z načrtom prestrukturiranja je doseženo 35-odstotno znižanje skupne bilančne vsote skupine Dexia na dan 31. decembra 2014 v primerjavi z njenim zneskom na dan 31. decembra 2008. Zadevne države članice se zavežejo, da bo Dexia znižala svojo bilančno vsoto, kot je povzeto v tabeli 6 spodaj.
The Member States concerned undertake that Dexia will make the following reductions in the size of its balance sheet shown in Table 6 below.
Tabela 6
The Member States concerned submitted their joint observations to the Commission on the formal investigation procedure opened by the decision of 13 March 2009.
Zadevne države članice so Komisiji predložile skupne pripombe glede formalnega postopka preiskave, sproženega 13. marca 2009.
The observations of the Member States concerned relate to both the classification of the measures notified as aid and the compatibility of these measures with the internal market.
Pripombe zadevnih držav članic se hkrati nanašajo na opredelitev priglašenih ukrepov za pomoč in na združljivost navedenih ukrepov z notranjim trgom.
In this respect, the Member States concerned consider that the restructuring plan would enable the long-term viability of the group to be strengthened, enabling Dexia to speed up the exit from the funding guarantee mechanism, and would address all the other concerns raised by the Commission in its decisions of 13 March 2009 and 30 October 2009.
Zadevne države članice v zvezi s tem menijo, da bi bilo z načrtom prestrukturiranja mogoče okrepiti dolgoročno uspešno poslovanje skupine, tako da bi lahko Dexia hitreje izstopila iz jamstvene sheme za refinanciranje, odpravljeni pa bi bili tudi vsi drugi pomisleki, ki jih je Komisija navedla v odločitvah z dne 13. marca 2009 in 30. oktobra 2009.