natgillin/translations-raw huggingface dataset:
the competent authorities of the Member States have not set a higher risk weight than 50 % for exposures or parts of exposures secured by commercial real estate in accordance with Article 124(2);
pristojni organ države članice je v skladu s členom 124(2) za izpostavljenosti ali dele izpostavljenosti, zavarovane s poslovnimi nepremičninami, določil utež tveganja, ki ni večja od 50 %;
the exposure is fully secured by:
izpostavljenost je popolnoma zavarovana s:
mortgages on offices or other commercial premises; or
hipotekami na pisarne ali druge gospodarske objekte; ali
offices or other commercial premises and the exposures related to property leasing transactions;
pisarnami ali drugimi gospodarskimi objekti, in se izpostavljenosti nanašajo na posle finančnega zakupa nepremičnine.
the requirements in Article 126(2)(a), Article 208 and Article 229(1) are met;
izpolnjene so zahteve iz členov 126(2)(a), 208 in 229(1);
the commercial property is fully constructed.
poslovna nepremičnina je popolnoma zgrajena.
An institution may treat an exposure to a counterparty that results from a reverse repurchase agreement under which the institution has purchased from the counterparty non-accessory independent mortgage liens on immovable property of third parties as a number of individual exposures to each of those third parties, provided that all of the following conditions are met:
Institucija lahko izpostavljenost do nasprotne stranke, ki nastane zaradi pogodbe o začasnem odkupu, na podlagi katere je od nasprotne stranke odkupila neakcesorne neodvisne pravice iz zavarovanja s hipoteko na nepremičninah tretjih oseb,obravnava kot več posameznih izpostavljenosti do vsake izmed tretjih oseb, če so izpolnjeni vsi naslednji pogoji:
the counterparty is an institution;
nasprotna stranka je institucija;
the exposure is fully secured by liens on the immovable property of those third parties that have been purchased by the institution and the institution is able to exercise those liens;
izpostavljenost je v celoti zavarovana s pravicami na nepremičnine tretjih oseb, ki jih je institucija odkupila in jih lahko uveljavi;
the institution has ensured that the requirements in Article 208 and Article 229(1) are met;
institucija je zagotovila, da so obveznosti iz členov 208 in 229(1) izpolnjene;
the institution becomes beneficiary of the claims that the counterparty has against the third parties in the event of default, insolvency or liquidation of the counterparty;
institucija v primeru neplačila, insolventnosti ali likvidacije nasprotne stranke postane prejemnica terjatev, ki jih ima nasprotna stranka do tretjih oseb;
the institution reports to the competent authorities in accordance with Article 394 the total amount of exposures to each other institution that are treated in accordance with this paragraph.
institucija pristojnim organom v skladu s členom 394 poroča o celotnem znesku izpostavljenosti do vsake druge institucije, ki se obravnavajo v skladu s tem odstavkom.
For these purposes, the institution shall assume that it has an exposure to each of those third parties for the amount of the claim that the counterparty has on the third party instead of the corresponding amount of the exposure to the counterparty.
V ta namen institucija namesto ustreznega zneska izpostavljenosti do nasprotne stranke to izpostavljenost obravnava kot izpostavljenost do vsake od tretjih oseb v višini zneska terjatve, ki jo ima nasprotna stranka do tretje osebe,.
The remainder of the exposure to the counter party, if any, shall continue to be treated as an exposure to the counter party.
Morebitni preostanek izpostavljenosti do nasprotne stranke se še naprej obravnava kot izpostavljenost do nasprotne stranke.
Substitution approach
Metoda substitucije
Where an exposure to a client is guaranteed by a third party, or secured by collateral issued by a third party, an institution may:
Kadar je izpostavljenost do stranke zavarovana z jamstvom tretje osebe ali s premoženjem, ki ga izda tretja oseba lahko institucija:
treat the portion of the exposure which is guaranteed as having been incurred to the guarantor rather than to the client provided that the unsecured exposure to the guarantor would be assigned an equal or lower risk weight than a risk weight of the unsecured exposure to the client under Part Three, Title II, Chapter 2;
obravnava del izpostavljenosti, ki je zavarovan z jamstvom tretje osebe, kakor da je nastal do dajalca jamstva in ne do stranke, če bi se nezavarovani izpostavljenosti do dajalca jamstva dodelila enaka ali nižja utež tveganja od uteži tveganja nezavarovane izpostavljenosti do stranke v skladu s poglavjem 2 naslova II dela 3;
treat the portion of the exposure collateralised by the market value of recognised collateral as having been incurred to the third party rather than to the client, if the exposure is secured by collateral and provided that the collateralised portion of the exposure would be assigned an equal or lower risk weight than a risk weight of the unsecured exposure to the client under Part Three, Title II, Chapter 2.
obravnava del izpostavljenosti, zavarovan s tržno vrednostjo priznanega zavarovanja s premoženjem, kakor da je nastal do tretje osebe in ne do stranke, če je izpostavljenost zavarovana s premoženjem in pod pogojem, da bi bila s zavarovanem delu izpostavljenosti dodeljena enaka ali nižja utež tveganja od uteži tveganja nezavarovane izpostavljenosti do stranke v skladu s poglavjem 2 naslova II dela 3.
The approach referred to in point (b) of the first subparagraph shall not be used by an institution where there is a mismatch between the maturity of the exposure and the maturity of the protection.
Pristopa iz točke (b) prvega pododstavka institucija ne uporablja, kadar obstaja neusklajenost med zapadlostjo izpostavljenosti in zapadlostjo zavarovanja.
For the purpose of this Part, an institution may use both the Financial Collateral Comprehensive Method and the treatment set out in point (b) of the first subparagraph only where it is permitted to use both the Financial Collateral Comprehensive Method and the Financial Collateral Simple Method for the purposes of Article 92.
Za namen tega dela lahko institucija razvito metodo za upoštevanje učinkov zavarovanja s finančnim premoženjem in obravnavo iz točke (b) prvega pododstavka uporablja samo, kadar je za namene člena 92 dovoljeno uporabljati tako razvito metodo za upoštevanje učinkov zavarovanja s finančnim premoženjem kot tudi enostavno metodo za zavarovanje s finančnim premoženjem.
Where an institution applies point (a) of paragraph 1:
Kadar institucija uporabi točko (a) odstavka 1:
where the guarantee is denominated in a currency different from that in which the exposure is denominated the amount of the exposure deemed to be covered shall be calculated in accordance with the provisions on the treatment of currency mismatch for unfunded credit protection set out in Part Three, Title II, Chapter 4;
kadar je jamstvo denominirano v valuti, ki ni valuta, v kateri je denominirana izpostavljenost, se znesek izpostavljenosti, ki se šteje za krito, izračuna v skladu z določbami o obravnavi valutne neusklajenosti za osebno kreditno zavarovanje iz poglavja 4 naslova II dela 3;
a mismatch between the maturity of the exposure and the maturity of the protection shall be treated in accordance with the provisions on the treatment of maturity mismatch set out in Part Three, Title II, Chapter 4;
se neusklajenost med zapadlostjo izpostavljenosti in zapadlostjo jamstva obravnava v skladu z določbami o obravnavanju neusklajenosti zapadlosti iz poglavja 4 naslova II dela 3;
partial coverage may be recognised in accordance with the treatment set out in Part Three, Title II, Chapter 4.
se delno kritje lahko prizna v skladu z obravnavo iz poglavja 4 naslova II dela 3.
EXPOSURES TO TRANSFERRED CREDIT RISK
IZPOSTAVLJENOSTI PRENESENEMU KREDITNEMU TVEGANJU
GENERAL PROVISIONS FOR THIS PART
SPLOŠNE DOLOČBE ZA TA DEL
Article 404
člen 404
Titles II and III shall apply to new securitisations issued on or after 1 January 2011.
Naslova II in III se uporabljata za nova listinjenja, izdana 1. januarja 2011 ali pozneje.
Titles II and III shall, after 31 December 2014, apply to existing securitisations where new underlying exposures are added or substituted after that date.
Naslova II in III se po 31. decembru 2014 uporabljata za obstoječa listinjenja, kjer se po zadevnem datumu dodajo nove osnovne izpostavljenosti ali se te nadomestijo.
REQUIREMENTS FOR INVESTOR INSTITUTIONS
ZAHTEVE ZA INSTITUCIJE V VLOGI INVESTITORJA
Retained interest of the issuer
Zadržani deleži izdajatelja
An institution, other than when acting as an originator, a sponsor or original lender, shall be exposed to the credit risk of a securitisation position in its trading book or non-trading book only if the originator, sponsor or original lender has explicitly disclosed to the institution that it will retain, on an ongoing basis, a material net economic interest which, in any event, shall not be less than 5 %.
Institucija je lahko, kadar ne nastopa v vlogi originatorja, sponzorja ali prvotnega kreditodajalca, izpostavljena kreditnemu tveganju pozicije v listinjenju v svoji trgovalni knjigi ali netrgovalni knjigi le, če je originator, sponzor ali prvotni kreditodajalec instituciji izrecno razkril, da bo trajno zadržal pomemben neto ekonomski delež, ki v vsakem primeru znaša najmanj 5 %.
Only any of the following qualifies as retention of a material net economic interest of not less than 5 %:
Le eno od naslednjega velja za zadržanje pomembnega neto ekonomskega deleža v višini najmanj 5 %:
retention of no less than 5 % of the nominal value of each of the tranches sold or transferred to the investors;
zadržanje najmanj 5 % nominalne vrednosti vsake prodane ali na investitorje prenesene tranše;
in the case of securitisations of revolving exposures, retention of the originator's interest of no less than 5 % of the nominal value of the securitised exposures;
v primeru listinjenja obnavljajočih se izpostavljenosti zadržanje deleža originatorja v višini najmanj 5 % nominalne vrednosti listinjenih izpostavljenosti;
retention of randomly selected exposures, equivalent to no less than 5 % of the nominal value of the securitised exposures, where such exposures would otherwise have been securitised in the securitisation, provided that the number of potentially securitised exposures is no less than 100 at origination;
zadržanje naključno izbranih izpostavljenosti, ki ustrezajo vsaj 5 % nominalne vrednosti listinjenih izpostavljenosti, če bi bile take izpostavljenosti sicer listinjene v tem listinjenju, pod pogojem, da je število potencialno listinjenih izpostavljenosti ob izvedbi listinjenja najmanj 100;
retention of the first loss tranche and, if necessary, other tranches having the same or a more severe risk profile than those transferred or sold to investors and not maturing any earlier than those transferred or sold to investors, so that the retention equals in total no less than 5 % of the nominal value of the securitised exposures;
zadržanje tranše prve izgube in po potrebi drugih tranš, ki imajo enak ali strožji profil tveganosti kot tiste, ki so prenesene ali prodane investitorjem in ki ne zapadejo prej kot tiste, ki so prenesene ali prodane investitorjem, tako da je zadržanje enako najmanj 5 % nominalne vrednosti listinjenih izpostavljenosti;
retention of a first loss exposure not less than 5 % of every securitised exposure in the securitisation.
zadržanje izpostavljenosti prve izgube v višini najmanj 5 % vsake listinjene izpostavljenosti v listinjenju.
Net economic interest is measured at the origination and shall be maintained on an ongoing basis.
Neto ekonomski delež se izmeri ob izvedbi listinjenja in se ga trajno vzdržuje.
The net economic interest, including retained positions, interest or exposures, shall not be subject to any credit risk mitigation or any short positions or any other hedge and shall not be sold.
Neto ekonomski delež, vključno z zadržanimi pozicijami, deležem ali izpostavljenostmi, ni predmet kakršnega koli zmanjševanja kreditnega tveganja ali katerih koli kratkih pozicij ali katerega koli drugega varovanja in se ga ne proda.
There shall be no multiple applications of the retention requirements for any given securitisation.
Za vsako posamezno listinjenje se zahteve po zadržanju ne uporabijo večkratno.
Where an EU parent credit institution, an EU financial holding company, an EU mixed financial holding company or one of its subsidiaries, as an originator or a sponsor, securitises exposures from several credit institutions, investment firms or other financial institutions which are included in the scope of supervision on a consolidated basis, the requirement referred to in paragraph 1 may be satisfied on the basis of the consolidated situation of the related EU parent credit institution, EU financial holding company, or EU mixed financial holding company.
Kadar EU nadrejena kreditna institucija, EU finančni holding, EU mešani finančni holding ali ena izmed njihovih podrejenih družb v vlogi originatorja ali sponzorja listini izpostavljenosti več kreditnih institucij, investicijskih podjetij ali drugih finančnih institucij, ki so vključene v nadzor na konsolidirani podlagi, se lahko zahteva iz odstavka 1 izpolni na podlagi konsolidiranega položaja povezane EU nadrejene kreditne institucije, EU finančnega holdinga ali EU mešanega finančnega holdinga EU.
The first subparagraph shall apply only where credit institutions, investment firms or financial institutions which created the securitised exposures have committed themselves to adhere to the requirements set out in Article 408 and deliver, in a timely manner, to the originator or sponsor and to the EU parent credit institution, EU financial holding company or EU mixed financial holding company the information needed to satisfy the requirements referred to in Article 409.
Prvi pododstavek se uporablja samo, če so se kreditne institucije, investicijska podjetja ali finančne institucije, ki so ustvarile listinjene izpostavljenosti, obvezale, da bodo izpolnile zahteve iz člena 408 ter originatorju ali sponzorju in EU nadrejeni kreditni instituciji,EU finančnemu holdingu ali EU mešanemu finančnemu holdingu pravočasno predložile informacije, potrebne za izpolnitev zahtev iz člena 409.
Paragraph 1 shall not apply where the securitised exposures are exposures on or fully, unconditionally and irrevocably guaranteed by the following entities:
Odstavek 1 se ne uporablja, kadar so listinjene izpostavljenosti izpostavljenosti do naslednjih subjektov oziroma izpostavljenosti, za katere ti subjekti v celoti, brezpogojno in nepreklicno jamčijo:
regional governments, local authorities and public sector entities of Member States;
enote regionalne ravni držav, enote lokalne ravni držav in subjekti javnega sektorja držav članic;
institutions to which a 50 % risk weight or less is assigned under Part Three, Title II, Chapter 2;
institucije, ki se jim dodeli utež tveganja 50 % ali manj v skladu s poglavjem 2 naslova II dela 3;
Paragraph 1 shall not apply to transactions based on a clear, transparent and accessible index, where the underlying reference entities are identical to those that make up an index of entities that is widely traded, or are other tradable securities other than securitisation positions.
Odstavek 1 se ne uporablja za posle, ki temeljijo na jasnem, preglednem in dostopnem indeksu, če so osnovni referenčni subjekti popolnoma enaki tistim, ki sestavljajo indeks subjektov, s katerim se trguje v velikem obsegu, ali če so to drugi vrednostni papirji, s katerimi se trguje, ki niso pozicije v listinjenju.
Due diligence
Skrbni pregled
Before becoming exposed to the risks of a securitisation, and as appropriate thereafter, institutions shall be able to demonstrate to the competent authorities for each of their individual securitisation positions, that they have a comprehensive and thorough understanding of and have implemented formal policies and procedures appropriate to their trading book and non-trading book and commensurate with the risk profile of their investments in securitised positions for analysing and recording:
Institucije so pred izpostavljenostjo tveganjem iz naslova listinjenja ter, če je ustrezno kasneje, pristojnim organom sposobne dokazati za vsako od svojih posameznih pozicij v listinjenju, da podrobno in temeljito razumejo vzpostavljene formalne politike in postopke, ustrezne njihovi trgovalni knjigi in netrgovalni knjigi ter sorazmerne s profilom tveganosti njihovih naložb v listinjene pozicije, za analiziranje in evidentiranje:
information disclosed under Article 405(1), by originators, sponsors or original lenders to specify the net economic interest that they maintain, on an ongoing basis, in the securitisation;
informacij, ki jih v skladu s členom 405(1) razkrivajo originatorji, sponzorji ali prvotni kreditodajalci za opredelitev neto ekonomskega deleža v listinjenju, ki ga trajno vzdržujejo;
the risk characteristics of the individual securitisation position;
značilnosti tveganja posamezne pozicije v listinjenju;
the risk characteristics of the exposures underlying the securitisation position;
značilnosti tveganja osnovnih izpostavljenosti pozicije v listinjenju;
the reputation and loss experience in earlier securitisations of the originators or sponsors in the relevant exposure classes underlying the securitisation position;
dobrega imena in dejanske izgube pri prejšnjih listinjenjih originatorjev ali sponzorjev v zadevnih kategorijah osnovnih izpostavljenosti pozicije v listinjenju;
the statements and disclosures made by the originators or sponsors, or their agents or advisors, about their due diligence on the securitised exposures and, where applicable, on the quality of the collateral supporting the securitised exposures;
izjav in razkritij originatorjev ali sponzorjev oziroma njihovih zastopnikov ali svetovalcev o njihovi primerni skrbnosti za listinjene izpostavljenosti in, kjer je primerno, v zvezi s kakovostjo zavarovanja za kritje listinjenih izpostavljenosti;
where applicable, the methodologies and concepts on which the valuation of collateral supporting the securitised exposures is based and the policies adopted by the originator or sponsor to ensure the independence of the valuer;
kjer je primerno, metodologij in konceptov, na katerih temelji vrednotenje zavarovanja za kritje listinjenih izpostavljenosti, ter politike, ki jih sprejme originator ali sponzorza zagotavljanje neodvisnosti ocenjevalca;
all the structural features of the securitisation that can materially impact the performance of the institution's securitisation position, such as the contractual waterfall and waterfall related triggers, credit enhancements, liquidity enhancements, market value triggers, and deal-specific definitions of default.
vseh strukturnih lastnosti listinjenja, ki lahko pomembno vplivajo na kakovost pozicije institucije v listinjenju, kot so poravnava pogodbenih obveznosti po kaskadnem načelu in s tem povezani sprožilci, izboljšave kreditne kakovosti, izboljšave likvidnosti, sprožilci tržne vrednosti in za posamezen posel značilne opredelitve neplačila.
Institutions shall regularly perform their own stress tests appropriate to their securitisation positions.
Institucije redno izvajajo lastne stresne teste, ustrezne za njihove pozicije v listinjenju.
To this end, institutions may rely on financial models developed by an ECAI provided that institutions can demonstrate, when requested, that they took due care prior to investing to validate the relevant assumptions in and structuring of the models and to understand methodology, assumptions and results.
V ta namen se lahko institucije opirajo na finančne modele, ki jih je razvila ECAI, pod pogojem, da lahko institucije na zahtevo dokažejo, da so pred naložbami ustrezno poskrbele za ovrednotenje ustreznih predpostavk in strukturiranje modelov ter razumele metodologijo, predpostavke in rezultate.
Institutions, other than when acting as originators or sponsors or original lenders, shall establish formal procedures appropriate to their trading book and non-trading book and commensurate with the risk profile of their investments in securitised positions to monitor on an ongoing basis and in a timely manner performance information on the exposures underlying their securitisation positions.
Kadar institucije ne nastopajo v vlogi originatorjev ali sponzorjev ali prvotnih kreditodajalcev, vzpostavijo formalne postopke, ustrezne njihovi trgovalni knjigi in netrgovalni knjigi ter sorazmerne s profilom tveganosti njihovih naložb v listinjene pozicije, za stalno in časovno ustrezno spremljanje informacij glede uspešnosti osnovnih izpostavljenosti, ki oblikujejo njihove pozicije v listinjenju.
Where relevant, this shall include the exposure type, the percentage of loans more than 30, 60 and 90 days past due, default rates, prepayment rates, loans in foreclosure, collateral type and occupancy, and frequency distribution of credit scores or other measures of credit worthiness across underlying exposures, industry and geographical diversification, frequency distribution of loan to value ratios with band widths that facilitate adequate sensitivity analysis.
Kjer je ustrezno, to vključuje vrsto izpostavljenosti, odstotek kreditov, zapadlih pred več kot 30, 60 in 90 dnevi, stopnje neplačil, stopnje predčasnih plačil, kredite v izvršilnem postopku, vrsto zavarovanja in pokritost ter frekvenčno porazdelitev kreditnih točk ali drugih meril kreditne kakovosti osnovnih izpostavljenosti, panožno in geografsko razpršitev, frekvenčno porazdelitev razmerij med vrednostjo kredita in vrednostjo zavarovanja (LTV) s širino razredov, ki omogočajo ustrezno analizo občutljivosti.
Where the underlying exposures are themselves securitisation positions, institutions shall have the information set out in this subparagraph not only on the underlying securitisation tranches, such as the issuer name and credit quality, but also on the characteristics and performance of the pools underlying those securitisation tranches.
Kadar so osnovne izpostavljenosti same pozicije v listinjenju, pridobijo institucije poleg informacij iz tega pododstavka o osnovnih tranšah listinjenja, kot so ime izdajatelja in njegova kreditna kakovost, tudi informacije o značilnostih ter uspešnosti skupin, ki oblikujejo zadevne tranše listinjenja.
Institutions shall also apply the same standards of analysis to participations or underwritings in securitisation issues purchased from third parties whether such participations or underwritings are to be held on their trading or non-trading book.
Institucije uporabijo istamerila analiziranja tudi pri udeležbah ali v izvedbah prve prodaje (finančnih instrumentov)vlistinjenju,ki temelji naodkupu od tretjih oseb, ne glede na to, ali bodo te udeležbe ali izvedbe prve prodajezajete v njihovi trgovalni alinetrgovalni knjigi.
Article 407
člen 407
Additional risk weight
Dodatna utež tveganja
Where an institution does not meet the requirements in Article 405, 406 or 409 in any material respect by reason of the negligence or omission of the institution, the competent authorities shall impose a proportionate additional risk weight of no less than 250 % of the risk weight (capped at 1250 %) which shall apply to the relevant securitisation positions in the manner specified in Article 245(6) or Article 337(3) respectively.
Kadar institucija s katerega koli pomembnega vidika ne izpolnjuje zahtev iz člena 405, 406 ali 409 zaradi lastne malomarnosti ali opustitve, ji pristojni organi odredijo sorazmerno dodatno utež tveganja, ki znaša najmanj 250 % uteži tveganja (z zgornjo mejo 1250 %), ki se sicer uporablja za zadevne pozicije v listinjenju na način, določen v členu 245(6) oziroma členu 337(3).
The additional risk weight shall progressively increase with each subsequent infringement of the due diligence provisions.
Dodatna utež tveganja se postopno povečuje z vsako naslednjo kršitvijo določb glede skrbnega pregleda.