natgillin/translations-raw huggingface dataset:
any items borrowed, purchased or received under the transactions may be recognised as eligible financial collateral under Chapter 4 without the application of points (c) to (f) of this paragraph;
vse postavke, ki so izposojene, kupljene ali prejete v okviru poslov, se lahko priznajo kot primerno zavarovanje s finančnim premoženjem iz poglavja 4 brez uporabe točk (c) do (f) tega odstavka;
where a credit derivative included in the trading book forms part of an internal hedge and the credit protection is recognised under this Regulation in accordance with Article 204, institutions shall apply one of the following approaches:
če je kreditni izvedeni finančni instrument, vključen v trgovalno knjigo, sestavni del notranjega varovanja, kreditno zavarovanje pa je priznano v skladu s členom 204 te uredbe, institucije uporabljajo enega od naslednjih pristopov:
treat it as if there were no counterparty risk arising from the position in that credit derivative;
obravnavajo ga kot da tveganje nasprotne stranke, ki bi izhajalo iz pozicije v tem kreditnem izvedenem finančnem instrumentu, ne obstaja;
consistently include for the purpose of calculating the own funds requirements for counterparty credit risk all credit derivatives in the trading book forming part of internal hedges or purchased as protection against a CCR exposure where the credit protection is recognised as eligible under Chapter 4.
za namene izračunavanja kapitalskih zahtev za tveganje nasprotne stranke stalno vključujejo vse kreditne izvedene finančne instrumente, vključene v trgovalno knjigo, ki so sestavni del notranjega varovanja pred tveganji ali se kupijo kot zavarovanje za izpostavljenosti CCR, če je kreditno zavarovanje priznano kot primerno v skladu s poglavjem 4.
Own funds requirements for exposures to a central counterparty
Kapitalske zahteve za izpostavljenosti do centralne nasprotne stranke
Article 300
člen 300
For the purposes of this Section, the following definitions shall apply:
Za namene tega oddelka se uporabljajo naslednje opredelitve pojmov:
'bankruptcy remote', in relation to client assets, means that effective arrangements exist which ensure that those assets will not be available to the creditors of a CCP or of a clearing member in the event of the insolvency of that CCP or clearing member respectively, or that the assets will not be available to the clearing member to cover losses it incurred following the default of a client or clients other than those that provided those assets;
"izvzetost iz stečaja" v zvezi s sredstvi stranke pomeni, da obstajajo učinkovite ureditve za zagotavljanje, da v primeru insolventnosti te CNS ali klirinškega člana, ta sredstva niso na voljo upnikom CNS oziroma klirinškega članu ali da ta sredstva niso na voljo klirinškemu članu za kritje izgube, ki je nastala zaradi neplačila stranke ali strank, ki niso tiste, ki so zagotovile ta sredstva;
'CCP-related transaction' means a contract or a transaction listed in Article 301(1) between a client and a clearing member that is directly related to a contract or a transaction listed in that paragraph between that clearing member and a CCP;
"posel v povezavi s CNS" pomeni pogodbo ali posel iz člena 301(1) med stranko in klirinškim članom, ki je neposredno povezan s pogodbo ali poslom iz navedenega odstavka med tem klirinškim članom in CNS;
'clearing member' means a clearing member as defined in point (14) of Article 2 of Regulation (EU) No 648/2012;
"klirinški član" pomeni klirinškega člana, kot je opredeljen v točki 14 člena 2 Uredbe (EU) št. 648/2012;
'client' means a client as defined in point (15) of Article 2 of Regulation (EU) No 648/2012 or an undertaking that has established indirect clearing arrangements with a clearing member in accordance with Article 4(3) of that Regulation.
"stranka" pomeni stranko, kot je opredeljena v točki 15 člena 2 Uredbe (EU) št. 648/2012, ali družbo, ki je vzpostavilo posredne ureditve kliringa s klirinškim članom v skladu s členom 4(3) navedene uredbe.
Article 301
člen 301
Material scope
Področje uporabe
This Section applies to the following contracts and transactions for as long as they are outstanding with a CCP:
Ta oddelek se uporablja za naslednje pogodbe in posle, če so neporavnani s CNS:
the contracts listed in Annex II and credit derivatives;
pogodbe, naštete v Prilogi II, in kreditne izvedene finančne instrumente;
long settlement transactions;
posle z dolgim rokom poravnave;
margin lending transactions.
posle kreditiranja za povečanje trgovalnega portfelja;
Institutions may choose whether to apply one of the following two treatments to the contracts and transactions outstanding with a QCCP listed in paragraph 1:
Institucije se lahko za pogodbe in posle iz odstavka 1, ki so neporavnani s kvalificirano centralno nasprotno stranko (KCNS) odločijo, da bodo uporabljale eno od naslednjih obravnav:
the treatment for trade exposures and exposures from default fund contributions set out in Article 306, except for the treatment set out in paragraph 1(b) of that Article, and in Article 307, respectively;
obravnavo trgovalnih izpostavljenosti in izpostavljenosti iz naslova prispevkov v jamstveni sklad iz člena 306, razen obravnav iz točke (b) odstavka 1 navedenega člena oziroma člena 307;
the treatment set out in Article 310.
obravnavo iz člena 310.
Institutions shall apply the treatment set out in Article 306, except for the treatment set out in paragraph (1)(a) of that Article, and in Article 309, as applicable, to the contracts and transactions outstanding with a non-qualifying CCP listed in paragraph 1 of this Article.
Institucije za pogodbe in posle iz odstavka 1 tega člena, ki so neporavnani z nekvalificirano CNS, uporabljajo obravnavo, določeno v členu 306, razen obravnave iz odstavka 1(a) navedenega člena in v členu 309.
Article 302
člen 302
Monitoring of exposures to CCPs
Spremljanje izpostavljenosti do CNS
Institutions shall monitor all their exposures to CCPs and shall lay down procedures for the regular reporting of information on those exposures to senior management and appropriate committee or committees of the management body.
Institucije spremljajo vse izpostavljenosti do CNS in določijo postopke za redno poročanje o teh izpostavljenostih višjemu vodstvu in ustreznemu odboru ali odborom upravljalnega organa.
Institutions shall assess, through appropriate scenario analysis and stress testing, whether the level of own funds held against exposures to a CCP, including potential future credit exposures, exposures from default fund contributions and, where the institution is acting as a clearing member, exposures resulting from contractual arrangements as laid down in Article 304, adequately relates to the inherent risks of those exposures.
Institucije z ustrezno analizo scenarija in stresnim testiranjem ocenijo, ali je raven kapitala glede na izpostavljenosti do CNS, vključno z potencialnimi prihodnjimi kreditnimi izpostavljenostmi ali izpostavljenostmi iz naslova prispevkov v jamstveni sklad in, če je institucija v vlogi klirinškega člana, izpostavljenostmi na podlagi pogodbenih dogovorov, kot je določeno v členu 304, ustrezna glede na tveganja, ki so sestavni del teh izpostavljenosti.
Article 303
člen 303
Treatment of clearing members' exposures to CCPs
Obravnava poslov klirinških članov do CNS
Where an institution acts as a clearing member, either for its own purposes or as a financial intermediary between a client and a CCP, it shall calculate the own funds requirements for its exposures to a CCP in accordance with Article 301(2) and (3).
Kadar institucija nastopa v vlogi klirinškega člana bodisi v svojem imenu ali v vlogi finančnega posrednika med stranko in CNS, izračuna kapitalske zahteve za svoje izpostavljenosti CNS v skladu s členi 301(2) in (3).
Where an institution acts as a clearing member and, in that capacity, acts as a financial intermediary between a client and a CCP, it shall calculate the own funds requirements for its CCP-related transactions with the client in accordance with the Sections 1 to 8 of this Chapter, as applicable.
Kadar institucija ukrepa v vlogi klirinškega člana in v okviru teh pristojnosti kot finančni posrednik med stranko in CNS, izračuna kapitalske zahteve za posle s stranko, povezane s CNS, v skladu z oddelki 1 do 8 tega poglavja, kakor je potrebno.
Where an institution is a client of a clearing member, it shall calculate the own funds requirements for its CCP-related transactions with the clearing member in accordance with the Sections 1 to 8 of this Chapter, as applicable.
Kadar je institucija stranka klirinškega člana, izračuna kapitalske zahteve za posle s klirinškim članom, povezane s CNS, v skladu z oddelki 1 do 8 tega poglavja, kakor je potrebno.
As an alternative to the approach specified in paragraph 3, where an institution is a client, it may calculate the own funds requirements for its CCP-related transactions with the clearing member in accordance with Article 305(2) provided that both of the following conditions are met:
Kadar je institucija stranka, lahko kot alternativo pristopu iz odstavka 4 izračuna kapitalske zahteve za posle s klirinškim članom, povezane s CNS, v skladu s členom305(2), če sta izpolnjena oba naslednja pogoja:
the positions and assets of that institution related to those transactions are distinguished and segregated within the meaning of Article 39 of Regulation (EU) No 648/2012, at the level of both the clearing member and the CCP, from the positions and assets of both the clearing member and the other clients of that clearing member and as a result of that segregation those positions and assets are bankruptcy remote in the event of the default or insolvency of the clearing member or one or more of its other clients;
pozicije in sredstva te institucije, povezana s temi posli, se na ravni klirinškega člana in CNS v smislu člena 39 Uredbe (EU) št 648/2012 razlikujejo in ločijo od pozicij in sredstev klirinškega člana in drugih strank navedenega klirinškega člana in kot rezultat ločitve so te pozicije in sredstva izvzeti iz stečaja v primeru neizpolnjevanja obveznosti ali insolventnosti klirinškega člana ali ene ali več njegovih drugih strank;
relevant laws, regulations, rules and contractual arrangements applicable to or binding that institution or the CCP ensure that in the event of default or insolvency of the clearing member, the transfer of the institution's positions relating to those contracts and transactions and of the corresponding collateral to another clearing member within the relevant margin period of risk.
zadevni zakoni in drugi predpisi ter pogodbeni dogovori, ki se uporabljajo za to institucijo ali CNS oziroma so zanju zavezujoči, zagotavljajo, da se v primeru neizpolnjevanja obveznosti ali insolventnosti klirinškega člana pozicije institucije v zvezi s temi pogodbami in posli ter zadevno zavarovanje s premoženjem prenesejo na drugega klirinškega člana znotraj zadevnega obdobja kritja za tveganje.
Where an institution acting as a clearing member enters into a contractual arrangement with a client of another clearing member in order to ensure that client the portability of assets and positions referred to in point (b) of paragraph 4, that institution may attribute an exposure value of zero to the contingent obligation that is created due to that contractual arrangement.
Kadar institucija, ki ukrepa v vlogi klirinškega člana, sklene pogodbeno ureditev s stranko drugega klirinškega člana, da bi tej stranki zagotovila prenosljivost sredstev in pozicij iz točke (b) odstavka 4, lahko ta institucija dodeli vrednost izpostavljenosti nič za pogojno obveznost, ki nastane zaradi te pogodbene ureditve.
Article 304
člen 304
Treatment of clearing members' exposures to clients
Obravnava izpostavljenosti klirinških članov do strank
Where an institution acts as a clearing member and, in that capacity, acts as a financial intermediary between a client and a CCP, it shall calculate the own funds requirements for its CCP-related transactions with the client in accordance with Sections 1 to 8 of this Chapter and with Title VI of Part Three, as applicable.
Če institucija nastopa v vlogi klirinškega člana in v okviru teh pristojnosti kot finančni posrednik med stranko in CNS, kapitalske zahteve za posle s stranko, povezane s CNS, izračuna v skladuz oddelki 1 do 8 tega poglavja in naslovom VI dela 3, kakor je primerno.
Where an institution acting as a clearing member enters into a contractual arrangement with a client of another clearing member that facilitates, in accordance with Article 48(5) and (6), of Regulation (EU) No 648/2012, the transfer of positions and collateral referred to in Article 305(2)(b) of this Regulation for that client, and that contractual agreement gives rise to a contingent obligation for that institution, that institution may attribute an exposure value of zero to that contingent obligation.
Če institucija, ki nastopa v vlogi klirinškega člana, sklene pogodbeni dogovor s stranko drugega klirinškega člana, s katero tej stranki v skladu s členom 48(5) in (6) Uredbe (EU) št. 648/2012 olajša prenos pozicij in zavarovanja s premoženjem iz točke (b) člena 305(2) te uredbe, in če ta pogodbena ureditev povzroči pogojno obveznost za to institucijo, lahko ta institucija dodeli vrednost izpostavljenosti nič uporabi, ki velja za to pogojno obveznost.
The margin period of risk applied by the institution shall not be less than five days.
Institucije uporabijo obdobje kritja za tveganje, ki ni krajše od petih dni.
An institution acting as a clearing member may multiply its EAD by a scalar when calculating the own fund requirement for its exposures to a client in accordance with the Mark-to-Market Method, the Standardised Method or the Original Exposure Method.
Institucija v vlogi klirinškega člana lahko pri izračunu kapitalske zahteve za svoje izpostavljenosti do stranke v skladu z metodo tekoče izpostavljenosti, standardizirano metodo ali metodo originalne izpostavljenosti pomnoži svojo vrednost izpostavljenosti (EAD) s skalarjem.
The scalars that the institutions may apply are the following:
Ti skalarji, ki jih institucije lahko uporabijo, so naslednji:
0,71 for a margin period of risk of five days;
0,71 za obdobje kritja za tveganje 5 dni;
0,77 for a margin period of risk of six days;
0,77 za obdobje kritja za tveganje 6 dni;
0,84 for a margin period of risk of seven days;
0,84 za obdobje kritja za tveganje 7 dni;
0,89 for a margin period of risk of eight days;
0,89 za obdobje kritja za tveganje 8 dni;
0,95 for a margin period of risk of nine days;
0,95 za obdobje kritja za tveganje 9 dni;
1 for a margin period of risk of ten days or more.
1 za obdobje kritja za tveganje 10 dni ali več.
EBA shall develop draft regulatory technical standards to specify the margin periods of risk that institutions may use for the purposes of paragraphs 3 and 4.
EBA oblikuje osnutke regulativnih tehničnih standardov za določitev obdobij kritja za tveganje, ki jih institucije lahko uporabijo za namene odstavkov 3 in 4.
When developing those draft regulatory technical standards, EBA shall apply the following principles:
EBA pri oblikovanju teh osnutkov regulativnih tehničnih standardov upošteva naslednja načela:
it shall define the margin period of risk for each of the types of contracts and transactions listed in Article 301(1);
določi se obdobje kritja za tveganje za vsako vrsto pogodbe in posla iz člena 301(1);
the margin periods of risk to be defined in point (a) shall reflect the close-out period of the contracts and transactions referred to in that point.
obdobje kritja za tveganje iz točke (a) odraža obdobje predčasnega prenehanja pogodb in poslov iz navedene točke.
Article 305
člen 305
Treatment of clients' exposures
Obravnava izpostavljenosti strank
Where an institution is a client, it shall calculate the own funds requirements for its CCP-related transactions with its clearing member in accordance with Sections 1 to 8 of this Chapter and with Title VI of Part Three, as applicable.
Če institucija nastopa v v vlogi stranke, kapitalske zahteve za posle s klirinškim članom, povezane s CNS, izračuna v skladu z oddelki 1 do 8 tega poglavja in naslovom VI dela 3, kakor je primerno.
Without prejudice to the approach specified in paragraph 1, where an institution is a client, it may calculate the own funds requirements for its trade exposures for CCP-related transactions with its clearing member in accordance with Article 306 provided that all the following conditions are met:
Če je institucija v vlogi stranke, lahko brez poseganja v pristop iz odstavka 1 izračuna kapitalske zahteve za trgovalne izpostavljenosti za posle s klirinškim članom, povezane s CNS, v skladu s členom 306, če so izpolnjeni vsi naslednji pogoji:
the positions and assets of that institution related to those transactions are distinguished and segregated, at the level of both the clearing member and the CCP, from the positions and assets of both the clearing member and the other clients of that clearing member and as a result of that distinction and segregation those positions and assets are bankruptcy remote in the event of the default or insolvency of the clearing member or one or more of its other clients;
pozicije in sredstva te institucije, povezana s temi posli, se na ravni klirinškega člana in CNS razlikujejo in ločijo od pozicij in sredstev klirinškega člana in drugih strank navedenega klirinškega člana, zaradi razlikovanja in ločitve pa so te pozicije in sredstva izvzeti iz stečaja v primeru neizpolnjevanja obveznosti ali insolventnosti klirinškega člana ali ene ali več njegovih drugih strank;
laws, regulations, rules and contractual arrangements applicable to or binding that institution or the CCP facilitate the transfer of the client's positions relating to those contracts and transactions and of the corresponding collateral to another clearing member within the applicable margin period of risk in the event of default or insolvency of the original clearing member.
zakoni in drugi predpisi ter pogodbeni dogovori, ki se uporabljajo za to institucijo ali CNS oziroma so zanju zavezujoči, omogočajo, da se v primeru neizpolnjevanja obveznosti ali insolventnosti prvotnega klirinškega člana pozicije stranke v zvezi s temi pogodbami in posli ter zadevno zavarovanje s premoženjem laže prenesejo na drugega klirinškega člana znotraj obdobja kritja za tveganje, ki se uporablja.
In such circumstance, the client's positions and the collateral shall be transferred at market value unless the client requests to close out the position at market value;
V takih okoliščinah se pozicije in zavarovanje s premoženjem stranke prenesejo po tržni vrednosti, razen če stranka ne zaprosi za zapiranje pozicij po tržni vrednosti;
the institution has available an independent, written and reasoned legal opinion that concludes that, in the event of legal challenge, the relevant courts and administrative authorities would find that the client would bear no losses on account of the insolvency of its clearing member or of any of its clearing member's clients under the laws of the jurisdiction of the institution, its clearing member and the CCP, the law governing the transactions and contracts the institution clears through the CCP, the law governing the collateral, and the law governing any contract or agreement necessary to meet the condition in point (b);
institucija ima neodvisno, pisno in obrazloženo pravno mnenje, iz katerega izhaja, da bi v primeru pravnega spora zadevna sodišča in upravni organi odločili, da stranka v primeru insolventnosti svojega klirinškega člana ali katere koli stranke svojega klirinškega člana ne bi prevzela nobenih izgub v skladu z zakonodajo, ki se uporablja za institucije, njene klirinške člane in CNS, zakonodajo v zvezi s posli in pogodbami, pri katerih institucija opravi kliring prek CNS, zakonodajo o zavarovanju s premoženjem in zakonodajo, ki ureja vse pogodbe ali dogovore, potrebne za izpolnitev pogoja iz točke (b);
the CCP is a QCCP.
CNS je KCNS.
Without prejudice to the conditions specified in paragraph 2, where an institution that is a client is not protected from losses in the case that the clearing member and another client of the clearing member jointly default, but all the other conditions set out in paragraph 2 are met, the client may calculate the own funds requirements for its trade exposures for CCP-related transactions with its clearing member in accordance with Article 306, subject to replacing the 2 % risk weight in paragraph 1(a) of that Article with a 4 % risk weight.
Če institucija v vlogi stranke ni zaščitena pred izgubami v primeru, da klirinški člana in druge stranke klirinškega člana istočasno postanejo neplačniki, vendar so izpolnjeni vsi drugi pogoji iz odstavka 2, lahko stranka brez poseganja v pogoje iz odstavka 2 kapitalske zahteve za trgovalne izpostavljenosti za posle s klirinškim članom, povezane s CNS, izračuna v skladu s členom 306, pod pogojem, da se utež tveganja v višini 2 % iz odstavka 1(a) navedenega člena nadomesti z utežjo tveganja v višini 4 %.
Where an institution that is a client accesses the services of a CCP through indirect clearing arrangements, in accordance with Article 4(3) of Regulation (EU) No 648/2012, that institution may apply the treatment set out in paragraph 2 or 3 only where the conditions in each paragraph are met at every level of the chain of intermediaries.
Kadar institucija v vlogi stranke dostopa do klirinških storitev CNS posredno v skladu s členom 4(3) Uredbe (EU) št. 648/2012, lahko uporablja obravnavo iz odstavka 2 ali 3 le, če so izpolnjeni pogoji iz posameznega odstavka na vseh stopnjah verige posrednikov.
Article 306
člen 306
Own funds requirements for trade exposures
Kapitalske zahteve za trgovalne izpostavljenosti
An institution shall apply the following treatment to its trade exposures with CCPs:
Institucija za trgovalne izpostavljenosti s CNS uporablja naslednjo obravnavo:
it shall apply a risk weight of 2 % to the exposure values of all its trade exposures with QCCPs;
uporabi utež tveganja v višini 2 % za vse trgovalne izpostavljenosti s KCNS;
it shall apply the risk weight used for the Standardised Approach to credit risk as set out in Article 107(2)(b) to all its trade exposures with non-qualifying CCPs;
uporabi utež tveganja, ki se uporablja za standardizirani pristop h kreditnemu tveganju iz člena 107(2)(b), in sicer za vse trgovalne izpostavljenosti z nekvalificiranimi CNS;
where an institution is acting as a financial intermediary between a client and a CCP and the terms of the CCP-related transaction stipulate that the institution is not obligated to reimburse the client for any losses suffered due to changes in the value of that transaction in the event that the CCP defaults, the exposure value of the transaction with the CCP that corresponds to that CCP-related transaction is equal to zero.
kadar institucija nastopa v vlogi finančnega posrednika med stranko in CNS, pogoji posla, povezanega s CNS, pa določajo, da institucija stranki ni dolžna povrniti morebitnih izgub, nastalih zaradi sprememb vrednosti posla v primeru neplačila CNS. Vrednost izpostavljenosti posla s CNS, ki ustreza navedenemu poslu, povezanemu s CNS, je enaka nič.
Notwithstanding paragraph 1, where assets posted as collateral to a CCP or a clearing member are bankruptcy remote in the event that the CCP, the clearing member or one or more of the other clients of the clearing member becomes insolvent, an institution may attribute an exposure value of zero to the counterparty credit risk exposures for those assets.
Ne glede na odstavek 1, kadar so sredstva, ki so dana CNS ali klirinškemu članu kot zavarovanje s premoženjem, izvzeta iz stečaja v primeru, ko CNS, klirinški član ali ena ali več drugih strank klirinškega člana postane insolventna, lahko institucija dodeli vrednost izpostavljenosti nič za kreditne izpostavljenosti tveganju nasprotne stranke za ta sredstva.
An institution shall calculate exposure values of its trade exposures with a CCP in accordance with Sections 1 to 8 of this Chapter, as applicable.
Institucija izračuna vrednosti izpostavljenosti svojih trgovalnih izpostavljenosti s CNS v skladu z oddelki 1 do 8 tega poglavja, kakor je primerno.