natgillin/translations-raw huggingface dataset:
Guideline ECB/2012/18 was amended on 10 October 2012 by Guideline ECB/2012/23 [9], which temporarily widened the criteria determining the eligibility of assets to be used as collateral in Eurosystem monetary policy operations, accepting marketable debt instruments denominated in pounds sterling, yen or US dollars as eligible assets for monetary policy operations.
Smernica ECB/2012/18 je bila 10. oktobra 2012 spremenjena s Smernico ECB/2012/23 [9], ki je začasno dopolnila merila, ki določajo primernost finančnega premoženja za uporabo kot zavarovanje pri operacijah denarne politike Eurosistema, in tako sprejela tržne dolžniške instrumente, denominirane v funtih šterlingih, jenih ali ameriških dolarjih, kot primerno finančno premoženje za operacije denarne politike.
Valuation markdowns reflecting the historical volatility of the relevant exchange rates were applied to such marketable debt instruments.
Za takšne tržne dolžniške instrumente se je določilo zmanjšanje vrednosti, ki odraža zgodovinsko volatilnost ustreznih deviznih tečajev.
Guideline ECB/2013/2 of 23 January 2013 amending Guideline ECB/2012/18 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral [10] specifies the procedure applicable to the early repayment of longer-term refinancing operations by counterparties in order to ensure that the same conditions are applied by all NCBs.
Smernica ECB/2013/2 z dne 23. januarja 2013 o spremembi Smernice ECB/2012/18 o dodatnih začasnih ukrepih v zvezi z Eurosistemovimi operacijami refinanciranja in primernostjo zavarovanja [10] podrobneje opredeljuje postopek predčasnega odplačila operacij dolgoročnejšega refinanciranja s strani nasprotnih strank, da bi se zagotovila uporaba enakih pogojev v vseh NCB.
In particular, the sanctions regime set out in Appendix 6 to Annex I to Guideline ECB/2011/14 applies where a counterparty that has opted for early repayment fails, in full or in part, to settle the amount to be repaid to the relevant NCB by the due date.
Zlasti se v primeru, ko nasprotna stranka, ki je izbrala možnost predčasnega odplačila, v celoti ali delno ne poravna zneska, ki ga je treba zadevni NCB plačati do datuma plačila, uporabi sistem sankcij iz Dodatka 6 Priloge I k Smernici ECB/2011/14.
Guideline ECB/2012/18 should now be further amended to incorporate the content of Decision ECB/2012/34 of 19 December 2012 on temporary changes to the rules relating to the eligibility of foreign currency denominated collateral [11] and to ensure that NCBs are not obliged to accept as collateral for Eurosystem credit operations eligible uncovered bank bonds which are: (a) issued by the counterparties using them or by entities closely linked to the counterparty; and (b) fully guaranteed by a Member State whose credit assessment does not meet the Eurosystem’s high credit standards and which the Governing Council considers as complying with a European Union/International Monetary Fund programme.
Smernico ECB/2012/18 je treba sedaj nadalje spremeniti, da se vanjo vključi vsebina Sklepa ECB/2012/34 z dne 19. decembra 2012 o začasnih spremembah pravil v zvezi s primernostjo zavarovanja, denominiranega v tuji valuti [11], in da se zagotovi, da NCB niso zavezane k temu, da kot zavarovanje pri kreditnih poslih Eurosistema sprejmejo primerne nekrite bančne obveznice: (a) ki so jih izdale bodisi nasprotne stranke, ki jih uporabljajo, ali osebe, s katerimi so te nasprotne stranke v tesni povezavi, in (b) za katere v celoti jamči država članica, katere bonitetna ocena ne dosega Eurosistemovih visokih bonitetnih standardov in za katero Svet ECB šteje, da spoštuje program Evropske unije/Mednarodnega denarnega sklada.
In the interest of clarity and simplicity, the content of Decisions ECB/2011/4 of 31 March 2011 on temporary measures relating to the eligibility of marketable debt instruments issued or guaranteed by the Irish Government [12], ECB/2011/10 of 7 July 2011 on temporary measures relating to the eligibility of marketable debt instruments issued or guaranteed by the Portuguese Government [13] and ECB/2012/32 of 19 December 2012 on temporary measures relating to the eligibility of marketable debt instruments issued or fully guaranteed by the Hellenic Republic [14] should be included in this Guideline with all other temporary measures relating to Eurosystem refinancing operations and eligibility of collateral.
Zaradi jasnosti in enostavnosti je treba vsebino sklepov ECB/2011/4 z dne 31. marca 2011 o začasnih ukrepih glede primernosti tržnih dolžniških instrumentov, ki jih izdaja ali zanje jamči irska država [12], ECB/2011/10 z dne 7. julija 2011 o začasnih ukrepih glede primernosti tržnih dolžniških instrumentov, ki jih izdaja ali zanje jamči portugalska država [13], in ECB/2012/32 z dne 19. decembra 2012 o začasnih ukrepih glede primernosti tržnih dolžniških instrumentov, ki jih je izdala ali zanje v celoti jamči Helenska republika [14], vključiti v to smernico z vsemi drugimi začasnimi ukrepi v zvezi z Eurosistemovimi operacijami refinanciranja in primernostjo zavarovanja.
The additional measures set out in this Guideline should apply temporarily, until the Governing Council considers that they are no longer necessary to ensure an appropriate monetary policy transmission mechanism,
Dodatne ukrepe iz te smernice je treba uporabljati začasno, dokler ne bo Svet ECB presodil, da niso več potrebni za zagotavljanje ustreznega transmisijskega mehanizma denarne politike –
For the purposes of Article 5(1) and Article 7, Ireland, the Hellenic Republic and the Portuguese Republic shall be considered euro area Member States compliant with a European Union/International Monetary Fund programme.
Za namene člena 5(1) in člena 7 se Irska, Helenska republika in Portugalska republika štejejo za države članice euroobmočja, ki spoštujejo program Evropske unije/Mednarodnega denarnega sklada.
Option to reduce the amount of, or terminate, longer-term refinancing operations
Možnost prekinitve operacij dolgoročnejšega refinanciranja ali znižanja njihovega zneska
The Eurosystem may decide that, under certain conditions, counterparties may reduce the amount of, or terminate, certain longer-term refinancing operations before maturity (such reduction of the amount or termination hereinafter also collectively referred to as ‘early repayment’).
Eurosistem se lahko odloči, da smejo nasprotne stranke pod določenimi pogoji in pred zapadlostjo prekiniti določene operacije dolgoročnejšega refinanciranja ali znižati njihov znesek (taka prekinitev ali znižanje zneska sta v nadaljnjem besedilu tudi skupaj imenovana: predčasno odplačilo).
The imposition of a financial penalty shall be without prejudice to the NCB’s right to exercise the remedies provided for on the occurrence of an event of default as set out in Annex II to Guideline ECB/2011/14.
Naložitev denarne kazni ne posega v pravico NCB, da uveljavi pravna sredstva, predvidena za pojav primera kršitve, kot je določen v Prilogi II k Smernici ECB/2011/14.
In addition to asset-backed securities (ABS) eligible under Chapter 6 of Annex I to Guideline ECB/2011/14, ABS which do not fulfil the credit assessment requirements under Section 6.3.2 of Annex I to Guideline ECB/2011/14 but which otherwise comply with all eligibility criteria applicable to ABS pursuant to Guideline ECB/2011/14, shall be eligible as collateral for Eurosystem monetary policy operations, provided that they have two ratings of at least triple B [15], at issuance and at any time subsequently.
Poleg listinjenih vrednostnih papirjev, ki so primerni v skladu s poglavjem 6 Priloge I k Smernici ECB/2011/14, so kot zavarovanje pri operacijah denarne politike Eurosistema primerni listinjeni vrednostni papirji, ki ne izpolnjujejo zahtev glede bonitetnih ocen iz oddelka 6.3.2 Priloge I k Smernici ECB/2011/14, sicer pa izpolnjujejo vsa merila primernosti, ki veljajo za listinjene vrednostne papirje po Smernici ECB/2011/14, vendar le pod pogojem, da imajo dve bonitetni oceni najmanj trojni B [15], in sicer ob izdaji in kadar koli kasneje.
They shall also satisfy all the following requirements: (a) the cash-flow generating assets backing the ABS shall belong to one of the following asset classes: (i) residential mortgages; (ii) loans to small and medium-sized enterprises (SMEs); (iii) commercial mortgages; (iv) auto loans; (v) leasing; (vi) consumer finance;
Zadostiti morajo tudi vsem zahtevam, navedenim spodaj: (a) finančno premoženje, s katerim so zavarovani listinjeni vrednostni papirji in ki ustvarja denarni tok, mora pripadati enemu od naslednjih razredov finančnega premoženja: (i) stanovanjske hipoteke; (ii) posojila malim in srednje velikim podjetjem; (iii) hipoteke na poslovnih nepremičninah; (iv) posojila za nakup avtomobila; (v) leasing; (vi) potrošniško financiranje;
there shall be no mix of different asset classes in the cash-flow generating assets;
finančno premoženje, ki ustvarja denarni tok, ne sme zajemati finančnega premoženja iz različnih razredov finančnega premoženja;
non-performing when incorporated in the ABS during the life of the ABS, for example by means of a substitution or replacement of the cash-flow generating assets;
slaba posojila ob vključitvi v kritni sklad v času trajanja listinjenega vrednostnega papirja, na primer z zamenjavo ali nadomestitvijo finančnega premoženja, ki ustvarja denarni tok;
ABS referred to in paragraph 1 that have two ratings of at least single A [16] shall be subject to a valuation haircut of 16 %.
Za listinjene vrednostne papirje iz odstavka 1, ki imajo dve bonitetni oceni najmanj enojni A [16], se uporablja odbitek pri vrednotenju v višini 16 %.
A counterparty may not submit ABS that are eligible pursuant to paragraph 1 as collateral if the counterparty, or any third party with which it has close links, acts as an interest rate hedge provider in relation to the ABS.
Nasprotna stranka listinjenih vrednostnih papirjev, ki so sicer primerni po odstavku 1, ne sme predložiti kot zavarovanje, če sama nasprotna stranka ali katera koli tretja oseba, ki je z njo v tesni povezavi, zagotavlja obrestno zaščito v zvezi s tem listinjenim vrednostnim papirjem.
‘small enterprise’ and ‘medium-sized enterprise’ means an entity engaged in an economic activity, irrespective of its legal form, where the reported sales for the entity or if the entity is a part of a consolidated group, for the consolidated group is less than EUR 50 million;
„malo podjetje“ in „srednje veliko podjetje“ pomenita subjekt, ki opravlja gospodarsko dejavnost, ne glede na njegovo pravno obliko, pri kateri evidentirana prodaja za subjekt ali za konsolidirano skupino, če subjekt spada v konsolidirano skupino, znaša manj kakor 50 milijonov EUR;
‘non-performing loan’ shall include loans where payment of interest or principal is past due by 90 or more days and the obligor is in default, as defined in point 44 of Annex VII to Directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions [17], or when there are good reasons to doubt that payment will be made in full;
„slabo posojilo“ vključuje posojila, pri katerih je zamuda s plačilom obresti ali glavnice enaka ali večja od 90 dni in je pri dolžniku prišlo do neplačila, kakor je opredeljeno v točki 44 v Prilogi VII k Direktivi 2006/48/ES Evropskega parlamenta in Sveta z dne 14. junija 2006 o začetku opravljanja in opravljanju dejavnosti kreditnih institucij [17], ali kadar obstajajo utemeljeni razlogi za dvom, da bo plačilo v celoti izvedeno;
‘servicing continuity provisions’ means provisions in the legal documentation of an ABS that ensure that a default by the servicer does not lead to a termination of servicing and include triggers for the appointment of a back-up servicer and a high-level action plan outlining the operational steps to be taken once a back-up servicer is appointed and how the administration of the loans will be transferred.
„določbe o neprekinjenosti servisiranja“ pomenijo določbe v pravni dokumentaciji listinjenega vrednostnega papirja, ki zagotavljajo, da zaradi neizpolnitve obveznosti izvajalca servisiranja ne pride do prenehanja servisiranja, ter vključujejo pravila, kdaj se sproži imenovanje nadomestnega izvajalca servisiranja, in okviren akcijski načrt, v katerem so opredeljeni operativni ukrepi, ki jih je treba sprejeti po imenovanju nadomestnega izvajalca servisiranja, in način prenosa upravljanja posojil.
NCBs may accept as collateral for Eurosystem monetary policy operations credit claims that do not satisfy the Eurosystem eligibility criteria.
NCB lahko kot zavarovanje pri operacijah denarne politike Eurosistema sprejmejo bančna posojila, ki ne izpolnjujejo Eurosistemovih meril primernosti.
NCBs that decide to accept credit claims in accordance with paragraph 1 shall establish eligibility criteria and risk control measures for this purpose by specifying deviations from the requirements of Annex I to Guideline ECB/2011/14.
NCB, ki se odločijo sprejeti bančna posojila v skladu z odstavkom 1, v ta namen določijo merila primernosti in ukrepe za obvladovanje tveganj tako, da navedejo odstopanja od zahtev iz Priloge I k Smernici ECB/2011/14.
An NCB shall not be obliged to accept as collateral for Eurosystem credit operations eligible uncovered bank bonds which: (a) do not fulfil the Eurosystem’s requirement of high credit standards; (b) are issued by the counterparty using them or by entities closely linked to the counterparty; and (c) are fully guaranteed by a Member State: (i) whose credit assessment does not comply with the Eurosystem’s requirement of high credit standards for issuers and guarantors of marketable assets as laid down in Section 6.3.1 and 6.3.2 of Annex I to Guideline ECB/2011/14; and (ii) which is compliant with a European Union/International Monetary Fund programme, as assessed by the Governing Council.
NCB ni zavezana k temu, da kot zavarovanje pri kreditnih poslih Eurosistema sprejme primerne nekrite bančne obveznice: (a) ki ne dosegajo Eurosistemovih zahtev glede visokih bonitetnih standardov; (b) ki jih je izdala bodisi nasprotna stranka, ki jih uporablja, ali ki so jih izdale osebe, s katerimi je ta nasprotna stranka v tesni povezavi; in (c) za katere v celoti jamči država članica: (i) katere bonitetna ocena ne dosega Eurosistemovih zahtev glede visokih bonitetnih standardov za izdajatelje in garante pri tržnem finančnem premoženju, kot so določene v oddelkih 6.3.1 in 6.3.2 Priloge I k Smernici ECB/2011/14, in (ii) ki po oceni Sveta ECB spoštuje program Evropske unije/Mednarodnega denarnega sklada.
NCBs shall inform the Governing Council whenever they decide not to accept the securities described in paragraph 1 as collateral.
NCB obvestijo Svet ECB vsakič, ko se odločijo, da ne bodo sprejele vrednostnih papirjev, opisanih v odstavku 1, kot zavarovanje.
Counterparties may not submit as collateral for Eurosystem monetary policy operations uncovered bank bonds issued by themselves or issued by closely linked entities and guaranteed by a European Economic Area public sector entity with the right to impose taxes in excess of the nominal value of these bonds already submitted as collateral on 3 July 2012.
Nasprotne stranke ne smejo predložiti kot zavarovanje pri operacijah denarne politike Eurosistema nekritih bančnih obveznic, ki so jih izdale bodisi same ali osebe, s katerimi so v tesni povezavi, in za katere jamči oseba javnega sektorja iz Evropskega gospodarskega prostora, ki ima pravico do odmerjanja davkov, preko ravni nominalne vrednosti teh obveznic, ki so bile že predložene kot zavarovanje, na dan 3. julija 2012.
In exceptional cases, the Governing Council may decide on temporary derogations from the requirement laid down in paragraph 3 for a maximum of three years.
V izjemnih primerih lahko svet ECB za obdobje največ treh let odloči o začasnem odstopanju od zahteve iz odstavka 3.
A request for a derogation shall be accompanied by a funding plan that indicates how the own use of uncovered government-guaranteed bank bonds by the requesting counterparty will be phased out by no later than three years following the approval of the derogation.
Prošnji za odstopanje mora biti priložen načrt financiranja, v katerem nasprotna stranka, ki prosi za odstopanje, prikaže, na kakšen način bo najpozneje v treh letih po odobritvi odstopanja prenehala uporabljati lastne nekrite bančne obveznice, za katere jamči država.
Any derogation already granted since 3 July 2012 shall continue to apply until it is due for review.
Vsa odstopanja, ki so bila od 3. julija 2012 že odobrena, ostanejo v veljavi do takrat, ko se pregledajo.
Marketable debt instruments as described in Section 6.2.1 of Annex I to Guideline ECB/2011/14, if denominated in pounds sterling, yen or US dollars, shall constitute eligible collateral for Eurosystem monetary policy operations, provided that: (a) they are issued and held/settled in the euro area; (b) the issuer is established in the European Economic Area; and (c) they fulfil all other eligibility criteria included in Section 6.2.1 of Annex I to Guideline ECB/2011/14.
Tržni dolžniški instrumenti, opisani v oddelku 6.2.1 Priloge I k Smernici ECB/2011/14, predstavljajo, če so denominirani v funtih šterlingih, jenih ali ameriških dolarjih, primerno zavarovanje za operacije denarne politike Eurosistema pod naslednjimi pogoji: (a) izdani morajo biti v euroobmočju, kjer se morajo tudi nahajati oziroma poravnavati; (b) izdajatelj mora biti ustanovljen v Evropskem gospodarskem prostoru; in (c) izpolnjevati morajo vsa ostala merila primernosti v oddelku 6.2.1 Priloge I iz Smernice ECB/2011/14.
The Eurosystem shall apply the following valuation markdowns to such marketable debt instruments: (a) a markdown of 16 % on assets denominated in pounds sterling or US dollars; and (b) a markdown of 26 % on assets denominated in yen.
Eurosistem uporablja naslednje zmanjšanje vrednosti za take tržne dolžniške instrumente: (a) zmanjšanje za 16 % za finančno premoženje, denominirano v funtih šterlingih ali ameriških dolarjih; in (b) zmanjšanje za 26 % za finančno premoženje, denominirano v jenih.
Marketable debt instruments described in paragraph 1, which have coupons linked to a single money market rate in their currency of denomination, or to an inflation index containing no discrete range, range accrual, ratchet or similar complex structures for the respective country, shall also constitute eligible collateral for the purposes of Eurosystem monetary policy operations.
Tržni dolžniški instrumenti, opisani v odstavku 1, s kuponi, ki so vezani na eno samo obrestno mero na denarnem trgu v valuti, v kateri so denominirani, ali na indeks inflacije za zadevno državo, pri katerih izplačilo oziroma natekanje ni vezano na vnaprej določen razpon referenčnega indeksa (ki ne vsebujejo strukture discrete range) ali katerih višina ni že vnaprej omejena (ki ne vsebujejo struktur range accrual ali ratchet) ali ki ne vsebujejo podobnih kompleksnih struktur, prav tako predstavljajo primerno zavarovanje za namene operacij denarne politike Eurosistema.
The ECB may publish a list of other acceptable benchmark foreign currency interest rates, in addition to those referred to in paragraph 3, on its website at www.ecb.europa.eu, following approval by the Governing Council.
ECB lahko po odobritvi Sveta ECB na svoji spletni strani na naslovu www.ecb.europa.eu objavi seznam drugih referenčnih obrestnih mer v tuji valuti, ki se sprejmejo poleg tistih iz odstavka 3.
Only Articles 1, 3, 5, 6 and 8 of this Guideline shall apply to foreign currency denominated marketable assets.
Za tržno finančno premoženje, denominirano v tuji valuti, se uporabljajo samo členi 1, 3, 5, 6 in 8 te smernice.
Suspension of the requirements for credit quality thresholds for certain marketable instruments
Neuporaba zahtev glede pragov kreditne kvalitete za nekatere tržne instrumente
The Eurosystem’s minimum requirements for credit quality thresholds, as specified in the Eurosystem credit assessment framework rules for marketable assets in Section 6.3.2 of Annex I to Guideline ECB/2011/14 shall be suspended in accordance with paragraph 2.
Minimalne zahteve Eurosistema glede pragov kreditne kvalitete, določene v pravilih bonitetnega okvira Eurosistema za tržno finančno premoženje v oddelku 6.3.2 Priloge I k Smernici ECB/2011/14, se ne uporabljajo, v skladu z odstavkom 2.
The Eurosystem’s credit quality threshold shall not apply to marketable debt instruments issued or fully guaranteed by the central governments of euro area Member States under a European Union/International Monetary Fund programme, unless the Governing Council decides that the respective Member State does not comply with the conditionality of the financial support and/or the macroeconomic programme.
Eurosistemov prag kreditne kvalitete se ne uporablja za tržne dolžniške instrumente, ki so jih izdale ali zanje v celoti jamčijo institucionalne enote centralnih ravni držav članic euroobmočja, kjer poteka program Evropske unije/Mednarodnega denarnega sklada, razen če Svet ECB odloči, da zadevna država članica ne spoštuje pogojev finančne podpore in/ali makroekonomskega programa.
Marketable debt instruments issued or fully guaranteed by the central government of the Hellenic Republic shall be subject to the specific haircuts set out in Annex I to this Guideline.
Za tržne dolžniške instrumente, ki jih je izdala ali zanje v celoti jamči institucionalna enota centralne ravni Helenske republike, se uporabljajo posebni odbitki, določeni v Prilogi I k tej smernici.
Taking effect, implementation and application
Začetek učinkovanja, izvedba in uporaba
This Guideline shall take effect on 22 March 2013.
Ta smernica začne učinkovati 22. marca 2013.
Article 5 shall apply until 28 February 2015.
Člen 5 se uporablja do 28. februarja 2015.
In Part 5 of Annex III, the paragraph following Table 2 is replaced by the following:
V delu 5 Priloge III se odstavek, ki sledi tabeli 2, nadomesti z naslednjim:
Guideline ECB/2012/18 is repealed from 3 May 2013.
Smernica ECB/2012/18 se razveljavi z učinkom od 3. maja 2013.
References to Guideline ECB/2012/18 shall be construed as references to this Guideline and shall be read in accordance with the correlation table in Annex III.
Sklicevanja na Smernico ECB/2012/18 se razlagajo kot sklicevanja na to smernico in se berejo v skladu s korelacijsko tabelo v Prilogi III.
OJ L 91, 29.3.2012, p. 27.
UL L 91, 29.3.2012, str. 27.
OJ L 186, 14.7.2012, p. 38.
UL L 186, 14.7.2012, str. 38.
OJ L 34, 5.2.2013, p. 18.
UL L 34, 5.2.2013, str. 18.
REPEALED GUIDELINE WITH ITS SUCCESSIVE AMENDMENTS
RAZVELJAVLJENA SMERNICA IN NJENE SPREMEMBE
Guideline ECB/2012/18 (OJ L 218, 15.8.2012, p. 20).
Smernica ECB/2012/18 (UL L 218, 15.8.2012, str. 20).
Guideline ECB/2012/23 (OJ L 284, 17.10.2012, p. 14).
Smernica ECB/2012/23 (UL L 284, 17.10.2012, str. 14).
Guideline ECB/2013/2 (OJ L 34, 5.2.2013, p. 18).
Smernica ECB/2013/2 (UL L 34, 5.2.2013, str. 18).
Guideline ECB/2012/18
Smernica ECB/2012/18
Decision ECB/2011/4
Sklep ECB/2011/4
Decision ECB/2011/10
Sklep ECB/2011/10
Decision ECB/2012/32
Sklep ECB/2012/32
Decision ECB/2012/34
Sklep ECB/2012/34
The NCBs shall take the necessary measures to comply with Article 5, Article 6(3) to (5) and Article 7, and apply this Guideline from 3 May 2013.
NCB sprejmejo potrebne ukrepe za uskladitev s členom 5, členom 6(3) do (5) in členom 7 in to smernico uporabljajo od 3. maja 2013.
They shall notify the ECB of the texts and means relating to those measures by 19 April 2013 at the latest.
ECB sporočijo besedila in sredstva, ki se nanašajo na te ukrepe, najpozneje do 19. aprila 2013.
Minimum or “required”
Obvezne ali ‚zahtevane‘
reserves = reserve base × reserve ratio – lump sum allowance
rezerve = osnova za obvezne rezerve × stopnja obveznih rezerv – pavšalna olajšava
Having regard to Regulation (EU) No 1011/2012 of the European Central Bank of 17 October 2012 concerning statistics on holdings of securities (ECB/2012/24) [2],
ob upoštevanju Uredbe (EU) št. 1011/2012 Evropske centralne banke z dne 17. Oktobra 2012 o statistiki imetij vrednostnih papirjev (ECB/2012/24) [2],