natgillin/translations-raw huggingface dataset:
consists of the single shared platform (through which all payment orders are submitted and processed and through which payments are received in the same technical manner) and, while applicable, the proprietary home accounting systems of NCBs.
Sistem TARGET2 sestavljajo enotna skupna platforma (prek katere se predložijo in obdelajo vsi plačilni nalogi ter prek katere se vsa plačila prejmejo na enak tehnični način) in, dokler to pride v poštev, lastni sistemi domačih računov NCB.
In addition, access to the marginal lending facility is only granted to counterparties with access to an account with the NCB where the transaction can be settled, for example in the single shared platform of TARGET2.’
Poleg tega je dostop do odprte ponudbe mejnega posojanja dovoljen samo nasprotnim strankam, ki imajo dostop do računa pri NCB, kjer se transakcija lahko poravna, na primer na enotni skupni platformi sistema TARGET2.“
Section 4.2 is amended as follows:
Oddelek 4.2 se spremeni:
The following footnote (*) is added at the end of the third paragraph (the first paragraph under the heading ‘Access conditions’:
Na koncu tretjega odstavka (prvega odstavka pod naslovom„Pogoji dostopa“) se doda naslednja opomba (*):
In addition, access to the deposit facility is only granted to counterparties with access to an account with the NCB where the transaction can be settled, for example in the single shared platform of TARGET2.’
Poleg tega je dostop do odprte ponudbe mejnega depozita dovoljen samo nasprotnim strankam, ki imajo dostop do računa pri NCB, kjer se transakcija lahko poravna, na primer na enotni skupni platformi sistema TARGET2.“
Footnote 12 in the seventh paragraph (the second paragraph under the heading ‘Maturity and interest terms’) is replaced by the following:
Opomba 12 v sedmem odstavku (drugem odstavku pod naslovom „Dospelost in izračun obresti“) se nadomesti z naslednjim:
See footnote 6 in this chapter.’
Glej opombo 6 v tem poglavju.“
In Section 5.1.1, Box 3 is replaced by the following:
V oddelku 5.1.1 se okvir 3 nadomesti z naslednjim:
‘BOX 3
„OKVIR 3
Announcement by the ECB through public wire services and the ECB's website
najava s strani ECB prek javnih elektronskih medijev in spletne strani ECB
Announcement by the NCBs through national wire services and directly to individual counterparties (if deemed necessary)
najava s strani NCB prek nacionalnih elektronskih medijev in neposredno posameznim nasprotnim strankam (po potrebi)
Step 2 Counterparties' preparation and submission of bids
Korak 2 Priprava in predložitev protiponudb s strani nasprotnih strank
Announcement of the allotment results through public wire services and the ECB’s website
objava rezultatov dodelitve prek javnih elektronskih medijev in spletne strani ECB
Step 6 Settlement of the transactions (see Section 5.3)’
Korak 6 Poravnava transakcij (glej oddelek 5.3)“
Section 5.1.3 is amended as follows:
Oddelek 5.1.3 se spremeni:
The introductory part of the first paragraph is replaced by the following:
Uvodni del prvega odstavka se nadomesti z naslednjim:
‘Eurosystem standard tenders are publicly announced by means of wire services and the ECB's website.
„Standardne avkcije Eurosistema se javno najavijo prek elektronskih medijev in spletne strani ECB.
In addition, NCBs may announce the tender operation directly to counterparties without access to wire services.
Poleg tega lahko NCB o avkciji neposredno obvestijo nasprotne stranke, ki nimajo dostopa do elektronskih medijev.
The public tender announcement message normally contains the following information:’
Javna najava avkcije običajno vsebuje naslednje podatke:“
The tenth bullet point of the first paragraph is replaced by the following:
Deseta alinea prvega odstavka se nadomesti z naslednjim:
‘the start date and the maturity date of the operation (if applicable), or the value date and the maturity date of the instrument (in the case of the issuance of ECB debt certificates);’
„datum začetka in datum zapadlosti operacije (če je predvideno) ali datum valutacije in datum zapadlosti instrumenta (pri izdaji dolžniških certifikatov ECB);“
The seventeenth bullet point of the first paragraph is replaced by the following:
Sedemnajsta alinea prvega odstavka se nadomesti z naslednjim:
‘the denomination of the certificates (in the case of the issuance of ECB debt certificates); and’
„nominalna vrednost certifikatov (pri izdaji dolžniških certifikatov ECB); in“
The eighteenth bullet point of the first paragraph is replaced by the following:
Osemnajsta alinea prvega odstavka se nadomesti z naslednjim:
‘the ISIN code of the issue (in the case of the issuance of ECB debt certificates).’
„koda ISIN izdaje (pri izdaji dolžniških certifikatov ECB).“
Section 5.1.4 is amended as follows:
Oddelek 5.1.4 se spremeni:
‘In variable rate tenders, counterparties may submit bids for up to 10 different interest rate/price/swap point levels.
„Pri avkcijah z variabilno mero lahko nasprotne stranke predložijo do 10 protiponudb z različnimi obrestnimi merami/cenami/swap točkami.
In exceptional circumstances the Eurosystem may impose a limit on the number of bids that may be submitted as regards variable rate tenders.
V izrednih okoliščinah lahko Eurosistem omeji število protiponudb, ki se lahko predložijo pri avkcijah z variabilno mero.
In each bid, counterparties must state the amount of money that they are willing to transact with the NCBs and the relevant interest rate.
Nasprotne stranke morajo v vsaki protiponudbi navesti denarni znesek, v višini katerega so pripravljene skleniti posel z NCB, in ustrezno obrestno mero.
The interest rates bid must be expressed as multiples of 0,01 percentage points.
Licitirane obrestne mere morajo biti izražene kot mnogokratnik 0,01 odstotne točke.
In the case of a variable rate foreign exchange swap tender, the swap points must be quoted according to standard market conventions and bids must be expressed as multiples of 0,01 swap points.(b) The seventh paragraph is replaced by the following:
Pri operacijah valutnih zamenjav z variabilno swap mero se morajo swap točke navesti v skladu s splošnimi tržnimi običaji, protiponudbe pa morajo biti izražene kot mnogokratnik 0,01 swap točke.(b) Sedmi odstavek se nadomesti z naslednjim:
‘Counterparties are expected always to be in a position to cover the amounts allotted to them with a sufficient amount of eligible underlying assets.
„Od nasprotnih strank se pričakuje, da imajo za kritje zneska, ki jim je bil dodeljen, vedno na razpolago zadostno količino primernega ﬁnančnega premoženja.
The contractual or regulatory arrangements applied by the relevant NCB allow the imposition of penalties if a counterparty fails to transfer a sufficient amount of underlying assets or cash to settle the amount it has been allotted in a tender operation.22.
Pogodbene ali zakonske ureditve, ki jih uporablja zadevna NCB, dovoljujejo naložiti kazen, če nasprotna stranka ne prenese zadostne količine ﬁnančnega premoženja ali denarnih sredstev za poravnavo zneska, ki ji je bil dodeljen na avkciji.22.
In Section 5.1.5, the third paragraph (the second paragraph under the heading ‘Variable rate tenders in euro’) is replaced by the following:
V oddelku 5.1.5 se tretji odstavek (drugi odstavek pod naslovom „Avkcije v eurih z variabilno mero“) nadomesti z naslednjim:
‘In the allotment of liquidity-absorbing variable rate tenders (which may be used for the issuance of ECB debt certificates and the collection of fixed-term deposits), bids are listed in ascending order of offered interest rates (or descending order of offered prices).
„Pri avkcijah z variabilno obrestno mero, na katerih Eurosistem umika likvidnost (takšne avkcije se lahko uporabljajo za izdajo dolžniških certifikatov ECB in zbiranje vezanih vlog), se protiponudbe razvrstijo po naraščajočem vrstnem redu licitiranih obrestnih mer (ali padajočem vrstnem redu licitiranih cen).
If, at the highest interest rate (lowest price) level accepted (i.e. the marginal interest rate/price), the aggregate bid amount exceeds the remaining amount to be allotted, the remaining amount is allocated pro rata among the bids according to the ratio of the remaining amount to be allotted to the total bid amount at the marginal interest rate/price (see Box 5).
Če pri najvišji obrestni meri (najnižji ceni) od sprejetih (tj. pri mejni obrestni meri/ceni) skupni znesek protiponudb po tej obrestni meri (ceni) presega preostali znesek za dodelitev, se preostali znesek razdeli med protiponudbe sorazmerno glede na razmerje med preostalim zneskom za dodelitev in skupnim zneskom protiponudb pri mejni obrestni meri/ceni (glej okvir 5).
For the issuance of ECB debt certificates, the amount allotted to each counterparty is rounded to the nearest multiple of the denomination of the ECB debt certificates.
Pri izdaji dolžniških certiﬁkatov ECB se znesek, dodeljen vsaki nasprotni stranki, zaokroži na najbližji mnogokratnik nominalne vrednosti dolžniških certifikatov ECB.
For other liquidity-absorbing operations, the amount allotted to each counterparty is rounded to the nearest euro.’
Pri drugih operacijah umikanja likvidnosti se znesek, dodeljen vsaki nasprotni stranki, zaokroži na najbližji euro.“
Section 5.1.6 is amended as follows:
Oddelek 5.1.6 se spremeni:
‘The results of standard and quick tenders are announced publicly by means of wire services and the ECB's website.
„Rezultati standardnih in hitrih avkcij se javno objavijo prek elektronskih medijev in spletne strani ECB.
In addition, NCBs may announce the allotment result directly to counterparties without access to wire services.
Poleg tega lahko NCB o rezultatih dodelitve neposredno obvestijo nasprotne stranke, ki nimajo dostopa do elektronskih medijev.
The public tender result message normally contains the following information:’
Javno sporočilo o rezultatih avkcije običajno vsebuje naslednje podatke:“
The thirteenth bullet point is replaced by the following:
Trinajsta alinea se nadomesti z naslednjim:
‘the start date and the maturity date of the operation (if applicable) or the value date and the maturity date of the instrument (in the case of the issuance of ECB debt certificates);’
„datum začetka in datum zapadlosti operacije (če je predvideno) ali datum valutacije in datum zapadlosti instrumenta (pri izdaji dolžniških certifikatov ECB);“
The sixteenth bullet point is replaced by the following:
Šestnajsta alinea se nadomesti z naslednjim:
The seventeenth bullet point is replaced by the following:
Sedemnajsta alinea se nadomesti z naslednjim:
In Section 5.2, the first paragraph is replaced by the following:
V oddelku 5.2 se prvi odstavek nadomesti z naslednjim:
‘The NCBs may execute operations on the basis of bilateral procedures.
„NCB lahko izvajajo operacije na podlagi dvostranskih postopkov.
These procedures may be used for fine-tuning open market operations and structural outright operations.
Ti postopki se lahko uporabljajo za operacije ﬁnega uravnavanja na odprtem trgu in strukturne dokončne operacije.
They are defined in a broad sense as any procedures where the Eurosystem conducts a transaction with one or a few counterparties without a tender.
V širšem smislu so opredeljeni kot kateri koli postopki, v katerih Eurosistem izvede transakcijo z eno ali nekaj nasprotnimi strankami brez uporabe avkcijskega postopka.
In this respect, two different types of bilateral procedures can be distinguished: operations where counterparties are contacted directly by the Eurosystem, and operations executed through stock exchanges and market agents.25.
Tu lahko razlikujemo med dvema različnima vrstama dvostranskih postopkov: operacije, pri katerih Eurosistem neposredno stopi v stik z nasprotnimi strankami, in operacije, ki se izvajajo prek borz vrednostnih papirjev in tržnih posrednikov.25.
In Section 5.3.1, Table 3 is replaced by the following:
V oddelku 5.3.1 se tabela 3 nadomesti z naslednjim:
Normal settlement dates for Eurosystem open market operations [13]Monetary policy instrument
Običajni datumi poravnave za operacije odprtega trga Eurosistema [13]Instrument denarne politike
According to market convention for underlying assets
V skladu s tržnimi običaji na trgu uporabljenega finančnega premoženja
In Section 5.3.2, the first paragraph is replaced by the following:
V oddelku 5.3.2 se prvi odstavek nadomesti z naslednjim:
‘Open market operations based on standard tenders (i.e. main refinancing operations, longer-term refinancing operations and structural operations) are normally settled on the first day following the trade day on which TARGET2 and all relevant SSSs are open.
„Operacije odprtega trga na podlagi standardnih avkcij (tj. operacije glavnega refinanciranja, operacije dolgoročnejšega refinanciranja in strukturne operacije) se običajno poravnajo na prvi dan po trgovalnem dnevu, ko so odprti sistem TARGET2 in vsi ustrezni PSVP.
However, the issuance of ECB debt certificates is settled on the second day following the trade day on which TARGET2 and all relevant SSSs are open.
Pri izdaji dolžniških certifikatov ECB pa se poravnava izvede na drugi dan po trgovalnem dnevu, ko so odprti sistem TARGET2 in vsi ustrezni PSVP.
As a matter of principle, the Eurosystem aims to settle the transactions related to its open market operations at the same time in all Member States with all counterparties that have provided sufficient underlying assets.
Eurosistem si načeloma prizadeva poravnati transakcije v zvezi s svojimi operacijami odprtega trga istočasno v vseh državah članicah z vsemi nasprotnimi strankami, ki so zagotovile zadostno ﬁnančno premoženje za zavarovanje terjatev.
However, owing to operational constraints and the technical features of SSSs, the timing within the day of the settlement of open market operations may differ across the euro area.
Vendar se lahko zaradi operativnih omejitev in tehničnih značilnosti PSVP časovna razporeditev na dan poravnave operacij odprtega trga znotraj euroobmočja med seboj razlikuje.
The time of settlement of the main and the longer-term refinancing operations normally coincides with the time of reimbursement of a previous operation of corresponding maturity.’
Čas poravnave operacij glavnega in dolgoročnejšega reﬁnanciranja običajno sovpada s časom vračila prejšnje operacije z ustrezno zapadlostjo.“
In Section 6.1, footnote 2 in the second paragraph is deleted.
V oddelku 6.1 se črta opomba 2 v drugem odstavku.
Section 6.2.1 is amended as follows:
Oddelek 6.2.1 se spremeni:
‘The cash flow generating assets backing the asset-backed securities must fulfil the following requirements:
„Finančno premoženje, ki ustvarja denarni tok in s katerim so zavarovani kolateralizirani vrednostni papirji, mora izpolnjevati naslednje zahteve:
the acquisition of such assets must be governed by the law of an EU Member State;
pridobitev takšnega finančnega premoženja mora urejati pravo države članice EU;
they must be acquired from the originator or from an intermediary by the securitisation special-purpose vehicle in a manner which the Eurosystem considers to be a “true sale” that is enforceable against any third party, and be beyond the reach of the originator and its creditors, or the intermediary and its creditors, including in the event of the originator's or the intermediary's insolvency;
subjekt za posebne namene pri listinjenju ga mora pridobiti od originatorja ali posrednika na način, ki ga Eurosistem šteje za ‚pravo prodajo‘, izvršljivo proti tretjim osebam, ter mora biti zunaj dosega originatorja in njegovih upnikov ali posrednika in njegovih upnikov, tudi v primeru originatorjeve ali posrednikove insolventnosti;
they must be originated and sold to the issuer by an originator or, if applicable, an intermediary incorporated in the EEA;
ustvari in izdajatelju proda ga originator ali, če je predvideno, posrednik, ustanovljen v EGP;
they must not consist, in whole or in part, actually or potentially, of tranches of other asset-backed securities.
ne sme vsebovati, v celoti ali delno, dejansko ali potencialno, tranš drugih kolateraliziranih vrednostnih papirjev.
In addition, they must not consist, in whole or in part, actually or potentially, of credit-linked notes, swaps or other derivatives instruments , or synthetic securities; and
Poleg tega ne sme vsebovati, v celoti ali delno, dejansko ali potencialno, kreditnih zapisov, poslov zamenjav (swap) ali drugih izvedenih instrumentov ali sintetičnih vrednostnih papirjev; in
if they are credit claims, the obligors and the creditors must be incorporated (or, if natural persons, resident) in the EEA and, if relevant, the related security must be located in the EEA.
če gre za bančna posojila, morajo imeti dolžniki in upniki sedež (če so fizične osebe, pa morajo biti rezidenti) v EGP, zadevno zavarovanje, če pride v poštev, pa se mora nahajati v EGP.
The law governing those credit claims must be the law of an EEA country.
Pravo, ki ureja ta bančna posojila, mora biti pravo države EGP.
If they are bonds, the issuers must be incorporated in the EEA, they must be issued in an EEA country under the law of an EEA country and any related security must be located in the EEA [17] Asset-backed securities which are on the list of eligible marketable assets as of 10 October 2010 are exempted from this requirement and remain eligible until 9 October 2011.
Če gre za obveznice, morajo njihovi izdajatelji imeti sedež v EGP, izdane morajo biti v državi EGP po pravu države EGP in zadevno zavarovanje se mora nahajati v EGP [17] Kolateralizirani vrednostni papirji, ki so na listi primernega tržnega finančnega premoženja na dan 10. oktober 2010, so izvzeti iz te zahteve in ostanejo primerni do 9. oktober 2011.
In cases where originators or, if applicable, intermediaries, were incorporated in the euro area, or in the United Kingdom, the Eurosystem has verified that there were no severe clawback provisions in those jurisdictions.
Za primere, ko imajo originatorji ali, če je predvideno, posredniki sedež v euroobmočju ali v Združenem kraljestvu, je Eurosistem preveril, da v teh jurisdikcijah ni strogih določb o razveljavitvi prodaje premoženja.
If the originator or, if applicable, the intermediary, is incorporated in another EEA country, the asset-backed securities can only be considered eligible if the Eurosystem ascertains that its rights would be protected in an appropriate manner against claw back provisions considered relevant by the Eurosystem under the law of the relevant EEA country.
Če ima originator ali, če je predvideno, posrednik sedež v drugi državi EGP, se lahko kolateralizirani vrednostni papirji štejejo za primerne samo, če se Eurosistem prepriča, da bi bile njegove pravice ustrezno zavarovane pred določbami o razveljavitvi prodaje premoženja po pravu zadevne države EGP, ki jih Eurosistem šteje za pomembne.
For this purpose, an independent legal assessment in a form acceptable to the Eurosystem must be submitted setting out the applicable clawback rules in the country, before the asset-backed securities can be considered eligible [17] Asset-backed securities which are on the list of eligible marketable assets as of 10 October 2010 are exempted from this requirement and remain eligible until 9 October 2011.’
V ta namen je treba, preden se kolateralizirani vrednostni papirji lahko štejejo za primerne, predložiti neodvisno pravno oceno, ki vsebuje upoštevna pravila o razveljavitvi prodaje premoženja v tej državi, v obliki, sprejemljivi za Eurosistem [17] Kolateralizirani vrednostni papirji, ki so na listi primernega tržnega finančnega premoženja na dan 10. oktober 2010, so izvzeti iz te zahteve in ostanejo primerni do 9. oktober 2011.“
To decide whether its rights are adequately protected against claw back rules, the Eurosystem may require other documents, including a solvency certificate from the transferee, for the suspect period.
Eurosistem lahko za potrebe odločanja o tem, ali so njegove pravice ustrezno zavarovane pred pravili o razveljavitvi prodaje premoženja, zahteva druge dokumente, vključno s potrdilom o solventnosti v obdobju izpodbojnosti, ki ga zagotovi prevzemnik.
Claw back rules which the Eurosystem considers to be severe and therefore not acceptable include rules whereby the sale of underlying assets can be invalidated by the liquidator solely on the basis that it was concluded within a certain period (suspect period) before the declaration of insolvency of the seller (originator/intermediary), or where such invalidation can only be prevented by the transferee if they can prove that they were not aware of the insolvency of the seller (originator/intermediary) at the time of the sale.
Pravila o razveljavitvi prodaje premoženja, ki jih Eurosistem šteje za stroga in zato nesprejemljiva, vključujejo pravila, po katerih lahko upravitelj v postopku zaradi insolventnosti doseže razveljavitev prodaje finančnega premoženja za zavarovanje terjatev zgolj zato, ker je bila izvedena znotraj določenega obdobja (obdobja izpodbojnosti) pred razglasitvijo insolventnosti prodajalca (originatorja/posrednika), in primere, ko lahko prevzemnik prepreči takšno razveljavitev samo, če lahko dokaže, da v času prodaje ni vedel za insolventnost prodajalca (originatorja/posrednika).
The sixth paragraph is replaced by the following:
Šesti odstavek se nadomesti z naslednjim:
‘Within a structured issue, in order to be eligible, a tranche (or sub-tranche) may not be subordinated to other tranches of the same issue.
„Finančno premoženje je primerno, če znotraj strukturirane izdaje tranša (ali podtranša) ni podrejena drugim tranšam iste izdaje.
A tranche (or sub-tranche) is considered to be non-subordinated vis-à-vis other tranches (or sub-tranches) of the same issue if, in accordance with the priority of payment applicable after the delivery of an enforcement notice, as set out in the prospectus, no other tranche (or sub-tranche) is given priority over that tranche or sub-tranche in respect of receiving payment (principal and interest), and thereby such tranche (or sub-tranche) is last in incurring losses among the different tranches or sub-tranches of a structured issue.
Tranša (ali podtranša) šteje kot nepodrejena drugim tranšam (ali podtranšam) iste izdaje, če – v skladu z vrstnim redom poplačila, ki se uporabi po dostavi obvestila o izvršbi, kakor je določen v prospektu – nobena druga tranša (ali podtranša) nima prednosti pred to tranšo ali podtranšo glede prejema plačila (glavnice in obresti), s čimer takšna tranša (ali podtranša) zadnja utrpi škodo med različnimi tranšami ali podtranšami znotraj strukturirane izdaje.
For structured issues where the prospectus provides for the delivery of an acceleration and an enforcement notice, non-subordination of a tranche (or sub-tranche) must be ensured under both acceleration and enforcement notice-related priority of payments.’
Pri strukturiranih izdajah, kjer prospekt predvideva dostavo obvestila o predčasni izpolnitvi in obvestila o izvršbi, je treba zagotoviti nepodrejenost tranše (ali podtranše) pri vrstnem redu poplačila tako v zvezi s obvestilom o predčasni izpolnitvi kot tudi v zvezi z obvestilom o izvršbi.“
In the ninth paragraph (under the heading ‘Place of issue’), footnote 7 (the first footnote in that paragraph) is replaced by the following:
V devetem odstavku (pod naslovom „Kraj izdaje“) se opomba 7 (prva opomba v tem odstavku) nadomesti z naslednjim:
International debt securities in global bearer form issued on or after 1 January 2007, through the ICSDs Euroclear Bank (Belgium) and Clearstream Banking Luxembourg must, in order to be eligible, be issued in the form of new global notes and must be deposited with a common safekeeper which is an ICSD or, if applicable, a CSD that fulfils the minimum standards established by the ECB.
Pogoj za primernost mednarodnih dolžniških vrednostnih papirjev v obliki zbirnih prinosniških listin (global bearer form), izdanih 1. januarja 2007 ali po tem datumu prek MRVP Euroclear Bank (Belgija) in Clearstream Banking Luxembourg, je, da so izdani v obliki novih zbirnih listin (new global notes) in deponirani pri skupnem shranjevalcu (common safekeeper), ki je MRVP ali, kjer je to primerno, CRVP, ki izpolnjuje minimalne standarde, določene s strani ECB.