natgillin/translations-raw huggingface dataset:
losses stemming from exposures for which an institution has recognised immovable commercial property as collateral, up to the lower of the pledged amount and 50 % of the market value or 60 % of the mortgage lending value unless otherwise decided under Article 124(2);
izgubah iz naslova izpostavljenosti, pri katerih institucija prizna zavarovanje s poslovno nepremičnino do višine nižjega izmed zneska zavarovanja in 50 % tržne vrednosti ali 60 % hipotekarne kreditne vrednosti, razen če je v členu 124(2) določeno drugače;
overall losses stemming from exposures for which an institution has recognised immovable commercial property as collateral, up to the part of the exposure treated as fully secured by immovable commercial property in accordance with Article 124(1).
skupnih izgubah iz naslova izpostavljenosti, pri katerih institucija prizna zavarovanje s poslovno nepremičnino v delu izpostavljenosti, ki se obravnava kot v celoti zavarovan s poslovno nepremičnino v skladu s členom 124(1);
the exposure value of all outstanding exposures for which an institution has recognised immovable commercial property as collateral limited to the part treated as fully secured by immovable commercial property in accordance with Article 124(1).
vrednost izpostavljenosti iz naslova vseh neporavnanih izpostavljenosti, pri katerih institucija prizna zavarovanje s poslovno nepremičnino, omejena na tisti del, ki se obravnava kot v celoti zavarovan s poslovno nepremičnino v skladu s členom 124(1).
The data referred to in paragraph 1 shall be reported to the competent authority of the home Member State of the relevant institution.
Podatki iz odstavka 1 se sporočijo pristojnemu organu matične države članice zadevne institucije.
Where an institution has a branch in another Member State, the data relating to that branch shall also be reported to the competent authorities of the host Member State.
Kadar ima institucija podružnico v drugi državi članici, se podatki v zvezi s to podružnico sporočijo tudi pristojnemu organu države članice gostiteljice.
The data shall be reported separately for each property market within the Union to which the relevant institution is exposed.
Podatki se ločeno sporočijo za vsak nepremičninski trg v Uniji, ki mu je zadevna institucija izpostavljena.
The competent authorities shall publish annually on an aggregated basis the data specified in points (a) to (f) of paragraph 1, together with historical data, where available.
Pristojni organi na zbirni podlagi letno objavijo podatke iz odstavka 1(a) do (f), skupaj s podatki za preteklo obdobje, če so na voljo.
A competent authority shall, upon the request of another competent authority in a Member State or EBA provide to that competent authority or EBA more detailed information on the condition of the residential or commercial immovable property markets in that Member State.
Pristojni organ na zahtevo drugega pristojnega organa v državi članici ali na zahtevo EBA predloži temu pristojnemu organu ali EBA podrobnejše informacije o stanju trgov stanovanjskih in poslovnih nepremičnin v zadevni državi članici.
EBA shall develop draft implementing technical standards to specify the following:
EBA oblikuje osnutke izvedbenih tehničnih standardov, v katerih opredeli:
uniform formats, definitions, frequencies and dates of reporting, as well as the IT solutions, of the items referred to in paragraph 1;
enotne obrazce, opredelitve, pogostosti in datume poročanja, pa tudi IT rešitve za postavke iz odstavka 1;
uniform formats, definitions, frequencies and dates of reporting, as well as IT solutions, of the aggregate data referred to in paragraph 2.
enotne obrazce, opredelitve, pogostosti in datume poročanja, pa tudi IT rešitve za zbirne podatke iz odstavka 2.
Requirements for the Trading Book
Zahteve glede trgovalne knjige
Positions in the trading book shall be either free of restrictions on their tradability or able to be hedged.
Pozicije v trgovalni knjigi so brez omejitev in se lahko z njimi prosto trguje ali zanje obstaja možnost varovanja pred tveganji.
Trading intent shall be evidenced on the basis of the strategies, policies and procedures set up by the institution to manage the position or portfolio in accordance with Article 103.
Namen trgovanja se dokaže na podlagi strategij, politik in postopkov, ki jih vzpostavi institucija za upravljanje pozicije ali portfelja v skladu s členom 103.
Institutions shall establish and maintain systems and controls to manage their trading book in accordance with Articles 104 and 105.
Institucije vzpostavijo in vzdržujejo sisteme in kontrole za upravljanje svoje trgovalne knjige v skladu s členoma 104 in 105.
Institutions may include internal hedges in the calculation of capital requirements for position risk provided that they are held with trading intent and that the requirements of Articles 103 to 106 are met.
Institucije lahko v izračun kapitalskih zahtev za pozicijsko tveganje vključijo notranja varovanja pred tveganji, če so namenjena trgovanju in če so izpolnjene zahteve iz členov 103 do 106.
Management of the trading book
Upravljanje trgovalne knjige
In managing its positions or sets of positions in the trading book the institution shall comply with all of the following requirements:
Pri upravljanju svojih pozicij ali nizov pozicij v trgovalni knjigi institucija izpolnjuje vse naslednje zahteve:
the institution shall have in place a clearly documented trading strategy for the position/instrument or portfolios, approved by senior management, which shall include the expected holding period;
institucija ima jasno dokumentirano strategijo trgovanja za pozicijo/instrument ali portfelje, ki jo odobri višje vodstvo in ki vključuje pričakovano obdobje posedovanja;
the institution shall have in place clearly defined policies and procedures for the active management of positions entered into on a trading desk.
institucija ima jasno opredeljene politike in postopke za aktivno upravljanje pozicij, ki so odprte s strani trgovalne enote.
Those policies and procedures shall include the following:
Navedene politike in postopki vključujejo:
which positions may be entered into by which trading desk;
katere pozicije se lahko odprejo s strani katere trgovalne enote;
position limits are set and monitored for appropriateness;
določijo se pozicijski limiti, pri čemer se spremlja njihova ustreznost;
dealers have the autonomy to enter into and manage the position within agreed limits and according to the approved strategy;
trgovci so neodvisni pri odpiranju in upravljanju pozicije v okviru dogovorjenih limitov in v skladu z odobreno strategijo;
positions are reported to senior management as an integral part of the institution's risk management process;
pozicije se sporočajo višjemu vodstvu kot sestavni del procesa upravljanja tveganj institucije;
positions are actively monitored with reference to market information sources and an assessment made of the marketability or hedge-ability of the position or its component risks, including the assessment, the quality and availability of market inputs to the valuation process, level of market turnover, sizes of positions traded in the market;
pozicije se aktivno spremljajo glede na vire tržnih informacij in oceno o možnosti prodaje, varovanja pozicije ali njenih tveganj, vključno z oceno, kakovostjo in razpoložljivostjo vhodnih tržnih podatkov v procesu vrednotenja, obsegom tržnega prometa in obsegom pozicij, ki so predmet trgovanja;
active anti fraud procedures and controls.
aktivni postopki in kontrole na področju preprečevanja goljufij;
the institution shall have in place clearly defined policies and procedures to monitor the positions against the institution's trading strategy including the monitoring of turnover and positions for which the originally intended holding period has been exceeded.
institucija ima jasno opredeljene politike in postopke za spremljanje pozicij v skladu s strategijo trgovanja institucije, vključno s spremljanjem prometa in pozicij, katerih prvotno predvideno obdobje posedovanja je bilo prekoračeno.
Inclusion in the Trading Book
Vključitev v trgovalno knjigo
Institutions shall have in place clearly defined policies and procedures for determining which position to include in the trading book for the purposes of calculating their capital requirements, in accordance with the requirements set out in Article 102 and the definition of trading book in accordance with point (86) of Article 4(1), taking into account the institution's risk management capabilities and practices.
Institucije imajo jasno opredeljene politike in postopke za določanje, katere pozicije je treba vključiti v trgovalno knjigo za namene izračuna kapitalskih zahtev, v skladu z zahtevami iz člena 102 in opredelitvijo trgovalne knjige v skladu s točko (86) člena 4(1) ter ob upoštevanju sposobnosti in izkušenj, ki jih ima institucija na področju upravljanja tveganj.
The institution shall fully document its compliance with these policies and procedures and shall subject them to periodic internal audit.
Skladnost s temi politikami in postopki mora biti v celoti dokumentirana in predmet rednih notranje revizijskih pregledov
Institutions shall have in place clearly defined policies and procedures for the overall management of the trading book.
Institucije imajo jasno opredeljene politike in postopke za celovito upravljanje trgovalne knjige.
These policies and procedures shall at least address:
Te politike in postopki se nanašajo vsaj na:
the activities the institution considers to be trading and as constituting part of the trading book for own funds requirement purposes;
dejavnosti, za katere institucija meni, da so namenjene trgovanju in spadajo v okvir trgovalne knjige za namene izračuna kapitalskih zahtev;
the extent to which a position can be marked-to-market daily by reference to an active, liquid two-way market;
obseg, v katerem se lahko pozicije dnevno vrednotijo po tekočih tržnih cenah na aktivnem, dvosmernem likvidnem trgu;
for positions that are marked-to-model, the extent to which the institution can:
za pozicije, ki se vrednotijo z uporabo notranjega modela, obseg, v katerem lahko institucija:
identify all material risks of the position;
ugotovi vsa pomembna tveganja te pozicije;
hedge all material risks of the position with instruments for which an active, liquid two-way market exists;
zagotovi varovanje za vsa pomembna tveganja te pozicije z instrumenti, za katere obstaja aktivni, dvosmerni likvidni trg;
derive reliable estimates for the key assumptions and parameters used in the model;
izpelje zanesljive ocene za ključne predpostavke in parametre, ki se uporabljajo v modelu;
the extent to which the institution can, and is required to, generate valuations for the position that can be validated externally in a consistent manner;
obseg, v katerem institucija lahko, oz. se to od nje zahteva, pripravi vrednotenja za pozicije, ki jih je mogoče dosledno zunanje ovrednotiti;
the extent to which legal restrictions or other operational requirements would impede the institution's ability to effect a liquidation or hedge of the position in the short term;
obseg, v katerem bi pravne omejitve ali druge operativne zahteve ovirale sposobnost institucije, da proda pozicijo ali zagotovi njeno varovanje na kratek rok;
the extent to which the institution can, and is required to, actively manage the risks of positions within its trading operation;
obseg, v katerem institucija lahko, oz. se to do nje zahteva, aktivno upravlja tveganja v zvezi s pozicijo v okviru svojega trgovanja;
the extent to which the institution may transfer risk or positions between the non-trading and trading books and the criteria for such transfers.
obseg, v katerem lahko institucija prenaša tveganje ali pozicije med netrgovalno in trgovalno knjigo, ter merila za take prenose.
Requirements for Prudent Valuation
Zahteve po preudarnem vrednotenju
All trading book positions shall be subject to the standards for prudent valuation specified in this Article.
Za vse pozicije iz trgovalne knjige veljajo standardi preudarnega vrednotenja, kot so določeni v tem členu.
Institutions shall in particular ensure that the prudent valuation of their trading book positions achieves an appropriate degree of certainty having regard to the dynamic nature of trading book positions, the demands of prudential soundness and the mode of operation and purpose of capital requirements in respect of trading book positions.
Institucije zlasti zagotovijo, da preudarno vrednotenje njihovih pozicij iz trgovalne knjige doseže ustrezno stopnjo gotovosti glede na dinamično naravo pozicij iz trgovalne knjige, zahteve po preudarni zanesljivosti ter način delovanja in namen kapitalskih zahtev v zvezi s pozicijami iz trgovalne knjige.
Institutions shall establish and maintain systems and controls sufficient to provide prudent and reliable valuation estimates.
Institucije vzpostavijo in vzdržujejo ustrezne sisteme in kontrole, ki zagotavljajo preudarne in zanesljive ocene vrednotenja.
Those systems and controls shall include at least the following elements:
Ti sistemi in kontrole vključujejo vsaj naslednje elemente:
documented policies and procedures for the process of valuation, including clearly defined responsibilities of the various areas involved in the determination of the valuation, sources of market information and review of their appropriateness, guidelines for the use of unobservable inputs reflecting the institution's assumptions of what market participants would use in pricing the position, frequency of independent valuation, timing of closing prices, procedures for adjusting valuations, month end and ad-hoc verification procedures;
dokumentirane politike in postopke za proces vrednotenja, ki vključujejo jasno opredeljene odgovornosti različnih področij, vključenih v proces določitve vrednotenja, vire tržnih informacij in preverjanje njihove ustreznosti, smernice za uporabo teoretičnih vhodnih podatkov, ki odražajo predvidevanja institucije glede tega, kaj bi udeleženci na trgu uporabili pri oblikovanju cen pozicije, pogostost neodvisnega vrednotenja, časovni okvir končnih cen, postopke za prilagajanje vrednotenj, postopke potrjevanja ob koncu meseca in izredne postopke potrjevanja;
reporting lines for the department accountable for the valuation process that are clear and independent of the front office.
jasne linije poročanja, ki so neodvisne od trgovalne enote, za oddelek, ki je odgovoren za proces vrednotenja.
The reporting line shall ultimately be to the management body.
Linija poročanja se konča pri upravljalnem organu.
Institutions shall revalue trading book positions at least daily.
Institucije najmanj enkrat na dan ponovno ovrednotijo pozicije iz trgovalne knjige.
Institutions shall mark their positions to market whenever possible, including when applying trading book capital treatment.
Institucije vrednotijo svoje pozicije na podlagi tekočih tržnih cen, kadar koli je to mogoče, tudi uporabi kapitalskih pravil zatrgovalno knjigo.
When marking to market, an institution shall use the more prudent side of bid and offer unless the institution can close out at mid market.
Pri vrednotenju po tekočih tržnih cenah institucije upoštevajo načelo previdnosti v zvezi z nakupnim in prodajnim tečajem, razen če lahko institucija zaključi trgovanje po srednjem tečaju.
Where institutions make use of this derogation, they shall every six months inform their competent authorities of the positions concerned and furnish evidence that they can close out at mid-market.
Če institucije uporabijo to odstopanje, potem vsakih šest mesecev obvestijo svoje pristojne organe o zadevnih pozicijah in predložijo dokaze, da lahko zaključijo trgovanje po srednjem tečaju.
Where marking to market is not possible, institutions shall conservatively mark to model their positions and portfolios, including when calculating own funds requirements for positions in the trading book.
Če vrednotenje po tekočih tržnih cenah ni mogoče, institucije konservativno vrednotijo svoje pozicije in portfelje z uporabo modela, tudi pri izračunu kapitalskih zahtev za pozicije v trgovalni knjigi.
Institutions shall comply with the following requirements when marking to model:
Pri uporabi vrednotenja z modelom institucije izpolnjujejo naslednje zahteve:
senior management shall be aware of the elements of the trading book or of other fair-valued positions which are subject to mark to model and shall understand the materiality of the uncertainty thereby created in the reporting of the risk/performance of the business;
višje vodstvo je seznanjeno s postavkami trgovalne knjige ali drugimi pozicijami po pošteni vrednosti, ki so predmet vrednotenja z modelom, in razume pomen negotovosti, ki zaradi tega nastane pri poročanju o tveganju/uspešnosti poslovanja;
institutions shall source market inputs, where possible, in line with market prices, and shall assess the appropriateness of the market inputs of the particular position being valued and the parameters of the model on a frequent basis;
institucije uskladijo vhodne tržne podatke s tržnimi cenami, če je to mogoče, ter redno ocenjujejo primernost vhodnih tržnih podatkov določene pozicije, ki se vrednoti, in parametre modela;
where available, institutions shall use valuation methodologies which are accepted market practice for particular financial instruments or commodities;
institucije uporabljajo metodologije vrednotenja, ki predstavljajo uveljavljeno tržno prakso za določene finančne instrumente ali blago, če so na voljo;
where the model is developed by the institution itself, it shall be based on appropriate assumptions, which have been assessed and challenged by suitably qualified parties independent of the development process;
če institucija sama razvije model, ta temelji na ustreznih predpostavkah, ki so jih ocenili in preskusili ustrezno usposobljeni subjekti, ki niso sodelovali v procesu razvoja modela;
institutions shall have in place formal change control procedures and shall hold a secure copy of the model and use it periodically to check valuations;
institucije vzpostavijo formalne postopke za kontrolo sprememb in hranijo varno kopijo modela, ki jo občasno uporabijo za preverjanje vrednotenj;
risk management shall be aware of the weaknesses of the models used and how best to reflect those in the valuation output; and
upravljavec tveganj se zaveda slabosti uporabljenih modelov in jih zna na najboljši možni način upoštevati v rezultatih vrednotenja; in
institutions' models shall be subject to periodic review to determine the accuracy of their performance, which shall include assessing the continued appropriateness of assumptions, analysis of profit and loss versus risk factors, and comparison of actual close out values to model outputs.
opravljajo se redni pregledi modelov institucij, da se določi natančnost njihovega delovanja, kar vključuje ocenjevanje trajne ustreznosti predpostavk, analizo dobičkov in izgub glede na dejavnike tveganja ter primerjavo dejanskih realiziranih vrednosti z rezultati notranjega modela.
For the purposes of point (d), the model shall be developed or approved independently of the trading desk and shall be independently tested, including validation of the mathematics, assumptions and software implementation.
Za namene točke (d) se model razvije ali odobri neodvisno od trgovalne enote in se neodvisno preskusi, kar vključuje ovrednotenje matematičnih izračunov, predpostavk in programske opreme.
Institutions shall perform independent price verification in addition to daily marking to market or marking to model.
Institucije poleg dnevnega vrednotenja po tekočih tržnih cenah ali vrednotenja z modelom opravijo tudi neodvisen pregled cen.
Verification of market prices and model inputs shall be performed by a person or unit independent from persons or units that benefit from the trading book, at least monthly, or more frequently depending on the nature of the market or trading activity.
Potrjevanje tržnih cen in vhodnih podatkov za model opravi oseba ali enota, neodvisna od oseb ali enot, ki imajo korist od trgovalne knjige, vsaj enkrat mesečno ali pogosteje, odvisno od narave tržne ali trgovalne dejavnosti.
Where independent pricing sources are not available or pricing sources are more subjective, prudent measures such as valuation adjustments may be appropriate.
Če neodvisni viri oblikovanja cen niso na voljo ali sopristranski, bi lahko bila primerna uporaba previdnostnih ukrepov, kot so prilagoditve vrednotenja.
Institutions shall formally consider the following valuation adjustments: unearned credit spreads, close-out costs, operational risks, market price uncertainty, early termination, investing and funding costs, future administrative costs and, where relevant, model risk.
Institucije formalno upoštevajo naslednje prilagoditve vrednotenja: nerealizirane kreditne razmike, stroške zapiranja pozicij, operativna tveganja, nestabilnost tržnih cen, predčasno zapiranje pozicij, stroške investiranja in financiranja, prihodnje administrativne stroške in po potrebi tveganje, povezano z uporabo modela.
Institutions shall establish and maintain procedures for calculating an adjustment to the current valuation of any less liquid positions, which can in particular arise from market events or institution-related situations such as concentrated positions and/or positions for which the originally intended holding period has been exceeded.
Institucije vzpostavijo in vzdržujejo postopke za izračun prilagoditve tekočega vrednotenja manj likvidnih pozicij, ki lahko izhajajo zlasti iz dogodkov na trgu ali iz razmer, povezanih z institucijo, npr. koncentrirane pozicije in/ali pozicije, katerih prvotno predvideno obdobje posedovanja se je izteklo.
Institutions shall, where necessary, make such adjustments in addition to any changes to the value of the position required for financial reporting purposes and shall design such adjustments to reflect the illiquidity of the position.
Institucije take prilagoditve po potrebi izvedejo poleg kakršnih koli sprememb vrednosti pozicije, potrebne za namene finančnega poročanja, in jih oblikujejo tako, da izražajo nelikvidnost pozicije.
Under those procedures, institutions shall consider several factors when determining whether a valuation adjustment is necessary for less liquid positions.
V okviru teh postopkov institucije upoštevajo več dejavnikov pri ugotavljanju, ali je za manj likvidne pozicije potrebna prilagoditev vrednotenja.
the amount of time it would take to hedge out the position or the risks within the position;
časovno obdobje, potrebno za vzpostavitev varovanja pozicije ali tveganj znotraj pozicije;
the volatility and average of bid/offer spreads;
nestanovitnost in povprečje razponov prodajnega/nakupnega tečaja;
the availability of market quotes (number and identity of market makers) and the volatility and average of trading volumes including trading volumes during periods of market stress;
razpoložljivost tržnih kotacij (število in identiteta vzdrževalcev trga), nestanovitnost ter povprečje trgovalnih obsegov, vključno z obsegom trgovanja v obdobjih stresnih razmer na trgu;
market concentrations;
koncentracije na trgu;
the ageing of positions;
staranje pozicij;
the extent to which valuation relies on marking-to-model;
obseg vrednotenja z modelom;
the impact of other model risks.
vpliv drugih tveganj, povezanih z uporabo modela.
When using third party valuations or marking to model, institutions shall consider whether to apply a valuation adjustment.
Pri uporabi vrednotenja, ki ga opravi tretja oseba, ali vrednotenja z modelom institucije same ocenijo, ali bodo uporabile prilagoditve vrednotenja.
In addition, institutions shall consider the need for establishing adjustments for less liquid positions and on an ongoing basis review their continued suitability.
Poleg tega institucije preučijo, ali bi bilo treba prilagoditi manj likvidne pozicije, in redno preverjajo njihovo ustreznost.
Institutions shall also explicitly assess the need for valuation adjustments relating to the uncertainty of parameter inputs used by models.
Institucije tudi izrecno ocenijo, ali so potrebne prilagoditve vrednotenja, povezane z negotovostjo glede parametrov, ki so uporabljeni v modelih.