natgillin/translations-raw huggingface dataset:
With regard to points (b) to (e) of paragraph 1, where a security has two credit assessments by ECAIs, institutions shall apply the less favourable assessment.
V zvezi s točkami od (b) do (e) odstavka 1 institucije, kadar ima vrednostni papir dve bonitetni oceni ECAI, uporabljajo manj ugodno bonitetno oceno.
Where a security has more than two credit assessments by ECAIs, institutions shall apply the two most favourable assessments.
Kadar ima vrednostni papir več kakor dve bonitetni oceni ECAI, institucije uporabijo dve najbolj ugodni bonitetni oceni.
Where the two most favourable credit assessments are different, institutions shall apply the less favourable of the two.
Če se dve najbolj ugodni bonitetni oceni razlikujeta, institucije uporabijo tisto, ki je manj ugodna.
ESMA shall develop draft implementing technical standards to specify the following:
ESMA pripravi osnutke izvedbenih tehničnih standardov, da se opredeli naslednje:
the main indices referred to in point (f) of paragraph 1 of this Article, in point (a) of Article 198(1), in Article 224(1) and (4), and in point (e) of Article 299(2);
glavni indeksi iz točke (f) odstavka 1 tega člena, iz točke (a) člena 198(1), iz člena 224(1) in (4) ter iz točke (e) člena 299(2);
the recognised exchanges referred to in point (a) of paragraph 4 of this Article, in point (a) of Article 198(1), in Article 224(1) and (4), in point (e) of Article 299(2), in point (k) of Article 400(2), in point (e) of Article 416(3), in point (c) of Article 428(1), and in point 12 of Annex III in accordance with the conditions laid down in point (72) of Article 4(1).
priznane borze iz točke (a) odstavka 4 tega člena, točke (a) člena 198(1), člena 224(1) in (4), točke (e) člena 299(2), točke (k) člena 400(2), točke (e) člena 416(3), točke (c) člena 428(1) ter iz točke 12 Priloge III v skladu s pogoji iz točke (72) člena 4(1).
ESMA shall submit those draft implementing technical standards to the Commission by 31 December 2014.
ESMA predloži Komisiji zadevne osnutke izvedbenih tehničnih standardov do 31. decembra 2014.
Additional eligibility of collateral under the Financial Collateral Comprehensive Method
Dodatna primernost zavarovanja s premoženjem v okviru razvite metode za izračun učinkov zavarovanja s finančnim premoženjem
In addition to the collateral established in Article 197, where an institution uses the Financial Collateral Comprehensive Method set out in Article 223, that institution may use the following items as eligible collateral:
Poleg zavarovanja s premoženjem iz člena 197 lahko institucija, če uporablja razvito metodo za izračun učinkov zavarovanja s finančnim premoženjem iz člena 223, kot primerno zavarovanje s premoženjem uporablja naslednje instrumente:
equities or convertible bonds not included in a main index but traded on a recognised exchange;
lastniške instrumente ali zamenljive obveznice, ki niso vključeni v glavni borzni indeks, se pa z njimi trguje na priznani borzi;
units or shares in CIUs where both the following conditions are met:
enote in deleže v KNP, če sta izpolnjena oba naslednja pogoja:
the CIU is limited to investing in instruments that are eligible for recognition under Article 197(1) and (4) and the items mentioned in point (a) of this subparagraph.
KNP je omejen na naložbe v instrumente, ki so primerni za priznanje na podlagi člena 197(1) in (4), ter instrumente iz točke (a) tega pododstavka.
In the case a CIU invests in units or shares of another CIU, conditions (a) and (b) of this paragraph equally apply to any such underlying CIU.
Kadar KNP investira v enote ali deleže drugega KNP, veljata pogoja (a) in (b) tega odstavka enako tudi za vsak tak osnovni KNP.
Where the CIU or any underlying CIU are not limited to investing in instruments that are eligible for recognition under Article 197(1) and (4) and the items mentioned in point (a) of paragraph 1 of this Article, institutions may use units or shares in that CIU as collateral to an amount equal to the value of the eligible assets held by that CIU under the assumption that that CIU or any of its underlying CIUs have invested in non-eligible assets to the maximum extent allowed under their respective mandates.
Kadar KNP ali kateri koli osnovni KNP ni omejen na naložbe v instrumente, ki se štejejo za primerne za priznanje v skladu s členom 197(1) in (4), in instrumente iz točke (a) odstavka 1, lahko institucije kot zavarovanje s premoženjem uporabljajo enote ali deleže v navedenem KNP do zneska, ki je enak vrednosti primernih sredstev, ki jih ima navedeni KNP, ob predpostavki, da je navedeni KNP podjem ali kateri koli njegov osnovni KNP v neprimerna sredstva investiral v največjem dovoljenem obsegu v okviru svojega mandata.
Additional eligibility for collateral under the IRB Approach
Dodatna primernost zavarovanja s premoženjem v okviru pristopa IRB
In addition to the collateral referred to in Articles 197 and 198, institutions that calculate risk-weighted exposure amounts and expected loss amounts under the IRB Approach may also use the following forms of collateral:
Poleg zavarovanja s premoženjem iz členov 197 in 198 lahko institucije, ki zneske tveganju prilagojenih izpostavljenosti in zneske pričakovanih izgub izračunavajo po pristopu IRB, uporabljajo tudi naslednje oblike zavarovanja s premoženjem:
immovable property collateral in accordance with paragraphs 2, 3 and 4;
zavarovanje z nepremičninami v skladu z odstavki 2,3 in 4;
receivables in accordance with paragraph 5;
denarne terjatve v skladu z odstavkom 5;
other physical collateral in accordance with paragraphs 6 and 8;
zavarovanje z drugim stvarnim premoženjem v skladu z odstavkoma 6 in 8;
leasing in accordance with paragraph 7.
zakup v skladu z odstavkom 7.
Unless otherwise specified under Article 124(2), institutions may use as eligible collateral residential property which is or will be occupied or let by the owner, or the beneficial owner in the case of personal investment companies, and commercial immovable property, including offices and other commercial premises, where both the following conditions are met:
Če ni s členom 124(2) določeno drugače, lahko institucije kot primerno zavarovanje s premoženjem uporabljajo stanovanjske nepremičnine, ki jih ima lastnik ali, v primeru osebnih investicijskih podjetij, upravičeni lastnik v posesti ali jih oddaja ali jih bo imel v posesti ali oddajal, in poslovne nepremičnine, vključno s pisarnami in drugimi gospodarskimi objekti, če sta izpolnjena oba naslednja pogoja:
the value of the property does not materially depend upon the credit quality of the obligor.
vrednost nepremičnine ni v veliki meri odvisna od kreditne kakovosti dolžnika.
the risk of the borrower does not materially depend upon the performance of the underlying property or project, but on the underlying capacity of the borrower to repay the debt from other sources, and as a consequence the repayment of the facility does not materially depend on any cash flow generated by the underlying property serving as collateral.
tveganje kreditojemalca ni v veliki meri odvisno od donosnosti zadevne nepremičnine ali projekta, ampak od zmogljivosti kreditojemalca, da poplača dolg iz drugih virov, zato povračilo kredita ni v veliki meri odvisno od nobenega denarnega pritoka, ki ga ustvarja zadevna nepremičnina, ki služi kot zavarovanje s premoženjem.
Institutions may derogate from point (b) of paragraph 2 for exposures secured by residential property situated within the territory of a Member State, where the competent authority of that Member State has published evidence showing that a well-developed and long-established residential property market is present in that territory with loss rates that do not exceed any of the following limits:
Institucije lahko odstopajo od točke (b) odstavka 2 za izpostavljenosti, zavarovane s stanovanjskimi nepremičninami, ki se nahajajo na ozemlju države članice, če je pristojni organ zadevne države članice objavil dokaz, da je na tem ozemlju že dolgo prisoten dobro razvit trg stanovanjskih nepremičnin, na katerem stopnje izgub ne presegajo naslednjih omejitev:
losses stemming from loans collateralised by residential property up to 80 % of the market value or 80 % of the mortgage-lending-value, unless otherwise provided under Article 124(2), do not exceed 0,3 % of the outstanding loans collateralised by residential property in any given year;
izgube iz kreditov, zavarovanih s stanovanjsko nepremičnino do 80 % tržne vrednosti ali 80 % hipotekarne kreditne vrednosti, če ni v členu 124(2) določeno drugače, ne presegajo 0,3 % neodplačanih kreditov, zavarovanih s stanovanjsko nepremičnino, v katerem koli danem letu;
overall losses stemming from loans collateralised by residential property do not exceed 0,5 % of the outstanding loans collateralised by residential property in any given year.
skupne izgube iz kreditov, zavarovanih s stanovanjsko nepremičnino, ne presegajo 0,5 % neodplačanih kreditov, zavarovanih s stanovanjsko nepremičnino, v katerem koli danem letu.
Where either of the conditions in points (a) and (b) of the first subparagraph is not met in a given year, institutions shall not use the treatment set out in that subparagraph until both conditions are satisfied in a subsequent year.
Kadar kateri od pogojev iz točk (a) in (b) prvega pododstavka v danem letu ni izpolnjen, institucije ne uporabljajo obravnave iz navedenega pododstavka, dokler v enem od naslednjih let nista izpolnjena oba pogoja.
Institutions may derogate from point (b) of paragraph 2 for commercial immovable property situated within the territory of a Member State, where the competent authority of that Member State has published evidence showing that a well-developed and long-established commercial property market is present in that territory with loss rates that do not exceed any of the following limits:
Institucije lahko odstopajo od točke (b) odstavka 2 glede poslovnih nepremičnin, ki se nahajajo na ozemlju države članice, če je pristojni organ zadevne države članice objavil dokaz, da je na tem ozemlju že dolgo prisoten dobro razvit trg poslovnih nepremičnin, na katerem stopnje izgub ne presegajo nobene od naslednjih omejitev:
losses stemming from loans collateralised by commercial immovable property up to 50 % of the market value or 60 % of the mortgage-lending-value do not exceed 0,3 % of the outstanding loans collateralised by commercial immovable property in any given year;
izgube iz naslova kreditov, zavarovanih z do 50 % tržne vrednosti poslovnih nepremičnin ali 60 % njihove hipotekarne kreditne vrednosti, nobeno leto ne presegajo 0,3 % neodplačanih kreditov, zavarovanih s poslovnimi nepremičninami;
overall losses stemming from loans collateralised by commercial immovable property do not exceed 0,5 % of the outstanding loans collateralised by commercial immovable property in any given year.
skupne izgube iz kreditov, zavarovanih s poslovnimi nepremičninami, nobeno leto ne presegajo 0,5 % neodplačanih kreditov, zavarovanih s poslovno nepremičnino.
Institutions may use as eligible collateral amounts receivable linked to a commercial transaction or transactions with an original maturity of less than or equal to one year.
Institucije lahko kot primerno zavarovanje s premoženjem uporabljajo denarne terjatve, povezane s komercialnimi posli ali posli z originalno zapadlostjo največ eno leto.
Eligible receivables do not include those associated with securitisations, sub-participations or credit derivatives or amounts owed by affiliated parties.
Primerne denarne terjatve ne vključujejo tistih, ki so povezane listinjenjem, podudeležbami ali kreditnimi izvedenimi finančnimi instrumenti ali zneski, ki jih dolgujejo povezane osebe.
Competent authorities shall permit an institution to use as eligible collateral physical collateral of a type other than those indicated in paragraphs 2, 3 and 4 where all the following conditions are met:
Pristojni organi instituciji dovolijo uporabljati kot primerno zavarovanje tudi drugačne vrste zavarovanja z drugim stvarnim premoženjem od navedenih v odstavkih 2, 3 in 4, če so izpolnjeni vsi naslednji pogoji:
there are liquid markets, evidenced by frequent transactions taking into account the asset type, for the disposal of the collateral in an expeditious and economically efficient manner.
obstajajo likvidni trgi za prodajo zavarovanj s premoženjem na hiter in ekonomsko učinkovit način, kar je dokazano s pogostimi posli ob upoštevanju vrste sredstev.
Institutions shall carry out the assessment of this condition periodically and where information indicates material changes in the market;
Institucije izvajajo oceno tega stanja redno in kadar informacije kažejo pomembne spremembe na trgu;
there are well-established, publicly available market prices for the collateral.
obstajajo dobro uveljavljene, javno dostopne tržne cene za zavarovanja s premoženjem.
Institutions may consider market prices as well-established where they come from reliable sources of information such as public indices and reflect the price of the transactions under normal conditions.
Institucije lahko štejejo, da so tržne cene dobro uveljavljene, če prihajajo iz zanesljivih virov informacij, kot so javni indeksi, in odražajo ceno poslov v normalnih pogojih.
Institutions may consider market prices as publicly available, where these prices are disclosed, easily accessible, and obtainable regularly and without any undue administrative or financial burden;
Institucije lahko štejejo, da so tržne cene javno dostopne, kadar so razkrite ter dostopne na lahek način, redno in brez neprimerne upravne ali finančne obremenitve;
the institution analyses the market prices, time and costs required to realise the collateral and the realised proceeds from the collateral;
institucija analizira tržne cene, čas in stroške, potrebne za unovčenje zavarovanja s premoženjem ter dejanske prihodke iz zavarovanja s premoženjem;
the institution demonstrates that the realised proceeds from the collateral are not below 70 % of the collateral value in more than 10 % of all liquidations for a given type of collateral.
institucijadokaže, da dejanski prihodki iz zavarovanja s premoženjem dosegajo najmanj 70 % vrednosti zavarovanja s premoženjem pri več kot 10 % vseh unovčitev za posamezno vrsto zavarovanja s premoženjem.
Where there is material volatility in the market prices, the institution demonstrates to the satisfaction of the competent authorities that its valuation of the collateral is sufficiently conservative.
Če so na trgu prisotne pomembne cenovne nestanovitnosti, institucija pristojnim organom zadovoljivo dokaže, da je njeno vrednotenje zavarovanja s premoženjem dovolj konzervativno.
Institutions shall document the fulfilment of the conditions specified in points (a) to (d) of the first subparagraph and those specified in Article 210.
Institucije dokumentirajo izpolnjevanje pogojev iz točk od (a) do (d) prvega pododstavka ter pogojev iz člena 210.
Subject to the provisions of Article 230(2), where the requirements set out in Article 211 are met, exposures arising from transactions whereby an institution leases property to a third party may be treated in the same manner as loans collateralised by the type of property leased.
Ob upoštevanju določb člena 230(2) se lahko, če so izpolnjene zahteve iz člena 211, izpostavljenosti iz naslova poslov, s katerimi institucija daje v zakup stvari tretji stranki, obravnavajo na enak način kot kredit, zavarovana s stvarmi, oddanimi v zakup, glede na vrsto.
EBA shall disclose a list of types of physical collateral for which institutions can assume that the conditions referred to in points (a) and (b) of paragraph 6 are met.
EBA objavi seznam vrst zavarovanja s stvarnim premoženjem, katerega institucije lahko uporabijo v skladu z odstavkom 6.
Article 200
člen 200
Institutions may use the following other funded credit protection as eligible collateral:
Institucije lahko kot primerno zavarovanje s premoženjem uporabljajo naslednje drugo stvarno kreditno zavarovanje:
cash on deposit with, or cash assimilated instruments held by, a third party institution in a non-custodial arrangement and pledged to the lending institution;
bančne vloge ali denarju podobne instrumente, ki so pri tretji instituciji na neskrbniški pogodbeni podlagi in so zastavljeni posojilni instituciji;
life insurance policies pledged to the lending institution;
police življenjskega zavarovanja, zastavljene posojilni instituciji;
instruments issued by third party institutions which will be repurchased by that institution on request.
instrumente, ki jih je izdala tretja institucija in jih bo navedena institucija odkupila na zahtevo.
Eligibility of protection providers under all approaches
Primernost dajalcev zavarovanja v okviru vseh pristopov
Institutions may use the following parties as eligible providers of unfunded credit protection:
Institucije lahko kot primerne dajalce osebnega kreditnega zavarovanja uporabljajo naslednje stranke:
central governments and central banks;
enote centralne ravni držav in centralne banke;
international organisations exposures to which a 0 % risk weight under Article 117 is assigned;
mednarodne organizacije, izpostavljenosti do katerih na podlagi člena 117 prejmejo utež tveganja 0 %;
public sector entities, claims on which are treated in accordance with Article 116;
subjekti javnega sektorja, terjatve do katerih se obravnavajo v skladu s členom 116;
institutions, and financial institutions for which exposures to the financial institution are treated as exposures to institutions in accordance with Article 119(5);
institucije in finančne institucije, katerih izpostavljenosti finančni instituciji se obravnavajo kot izpostavljenosti do institucij v skladu s členom 119(5);
other corporate entities, including parent, subsidiary and affiliate corporate entities of the institution, where either of the following conditions is met:
druge gospodarske družbe, vključno z družbami, ki so instituciji nadrejene, podrejene ali so z njo drugače povezane, kadar je izpolnjen kateri koli izmed naslednjih pogojev:
those other corporate entities have a credit assessment by an ECAI;
navedene druge gospodarske družbe imajo bonitetno oceno ECAI;
in the case of institutions calculating risk-weighted exposure amounts and expected loss amounts under the IRB Approach, those other corporate entities do not have a credit assessment by a recognised ECAI and are internally rated by the institution;
v primeru institucij, ki zneske tveganjem prilagojenih izpostavljenosti in zneske pričakovanih izgub izračunavajo po pristopu IRB, navedene gospodarske družbe nimajo bonitetne ocene priznane ECAI, imajo pa notranjo oceno institucije;
central counterparties.
centralne nasprotne stranke.
Where institutions calculate risk-weighted exposure amounts and expected loss amounts under the IRB Approach, to be eligible as a provider of unfunded credit protection a guarantor shall be internally rated by the institution in accordance with the provisions of Section 6 of Chapter 3.
Če institucije, ki zneske tveganju prilagojenih izpostavljenosti in zneske pričakovanih izgub izračunavajo po pristopu IRB, mora biti garant, da se šteje za primernega dajalca osebnega kreditnega zavarovanja, s strani kreditne institucije notranje bonitetno ocenjen v skladu z določbami oddelka 6 poglavja 3.
Competent authorities shall publish and maintain the list of those financial institutions that are eligible providers of unfunded credit protection under point (f) of paragraph 1, or the guiding criteria for identifying such eligible providers of unfunded credit protection, together with a description of the applicable prudential requirements, and share their list with other competent authorities in accordance with Article 117 of Directive 2013/36/EU.
Pristojni organi objavijo in vzdržujejo seznam tistih finančnih institucij, ki so primerni dajalci osebnega kreditnega zavarovanja iz odstavka 1(f) ali smernice za določanje takšnih primernih dajalcev osebnega kreditnega zavarovanja skupaj z opisom veljavnih zahtev glede varnega in skrbnega poslovanja ter svoj seznam delijo z drugimi pristojnimi organi v skladu s členom 117 Direktive 2013/36/EU.
Article 202
člen 202
Eligibility of protection providers under the IRB Approach which qualify for the treatment set out in Article 153(3)
Primernost dajalcev zavarovanja po pristopu IRB, ki so upravičeni do obravnave, določene v členu 153(3)
An institution may use institutions, insurance and reinsurance undertakings and export credit agencies as eligible providers of unfunded credit protection which qualify for the treatment set out in Article 153(3) where they meet all the following conditions:
Institucija lahko kot primerne dajalce osebnega kreditnega zavarovanja uporabi institucije, zavarovalnice in pozavarovalnice ter izvozne agencije, ki so upravičene do obravnave iz člena 153(3), če izpolnjujejo vse naslednje pogoje:
they have sufficient expertise in providing unfunded credit protection;
imajo dovolj strokovnih izkušenj pri dajanju osebnega kreditnega zavarovanja;
they are regulated in a manner equivalent to the rules laid down in this Regulation, or had, at the time the credit protection was provided, a credit assessment by a recognised ECAI which had been determined by EBA to be associated with credit quality step 3, or above, in accordance with the rules for the risk weighting of exposures to corporates set out in Chapter 2;
so regulirane na način, ki je enakovreden pravilom iz te uredbe, ali pa so imele v času, ko je bilo kreditno zavarovanje dano, bonitetno oceno priznane ECAI, za katero je EBA določila, da po pravilih za tehtanje izpostavljenosti do podjetij na podlagi poglavja 2 ustreza stopnji kreditne kakovosti 3 ali nad njo;
they had, at the time the credit protection was provided, or for any period of time thereafter, an internal rating with a PD equivalent to or lower than that associated with credit quality step 2 or above in accordance with the rules for the risk weighting of exposures to corporates set out in Chapter 2;
v času, ko je bilodano kreditno zavarovanje ali v katerem koli obdobju po tem, so imele notranjo bonitetno oceno s PD, ki je enakovreden ali nižji od tistega, ki po pravilih za tehtanje izpostavljenosti do podjetij na podlagi poglavja 2 ustreza stopnji kreditne kakovosti 2 ali nad njo;
they have an internal rating with a PD equivalent to or lower than that associated with credit quality step 3 or above in accordance with the rules for the risk weighting of exposures to corporates set out in Chapter 2.
imajo notranjo bonitetno oceno s PD, ki je enakovreden ali nižji od tistega, ki po pravilih za tehtanje tveganja izpostavljenosti do podjetij na podlagi poglavja 2 ustreza stopnji kreditne kakovosti 3 ali nad njo.
For the purpose of this Article, credit protection provided by export credit agencies shall not benefit from any explicit central government counter-guarantee.
Za namene tega člena kreditno zavarovanje, ki ga dajo izvozne agencije, ni upravičeno do nikakršnega izrecnega posrednega jamstva enot centralne ravni držav.
Article 203
člen 203
Eligibility of guarantees as unfunded credit protection
Primernost jamstev za osebno kreditno zavarovanje
Institutions may use guarantees as eligible unfunded credit protection.
Institucije lahko uporabijo jamstva kot primerno osebno kreditno zavarovanje.
Types of derivatives
Vrste izvedenih finančnih instrumentov
Eligible types of credit derivatives
Primerne vrste kreditnih izvedenih finančnih instrumentov
Institutions may use the following types of credit derivatives, and instruments that may be composed of such credit derivatives or that are economically effectively similar, as eligible credit protection:
Institucije lahko kot primerno kreditno zavarovanje uporabljajo naslednje vrste kreditnih izvedenih finančnih instrumentov in instrumentov, ki so lahko sestavljeni iz takih kreditnih izvedenih finančnih instrumentov ali pa so jim ekonomsko podobni:
credit default swaps;
kreditne zamenjave;
total return swaps;
zamenjave skupnega donosa;