natgillin/translations-raw huggingface dataset:
Under the joint restructuring plan, no payments will be made by the merged entity for the State guarantees, except for the guarantees on deposits (50 bps) for the duration of the ELG scheme and on already guaranteed bonds outstanding (for which a fee of 95 to 125 bps will be paid during the duration of the ELG scheme until they mature).
V skladu s skupnim načrtom prestrukturiranja združeni subjekt za državna jamstva ne bo plačeval nadomestila, razen za jamstva za vloge (50 bazičnih točk) za obdobje trajanja sheme ELG in za že zajamčene še neplačane obveznice (za katere bo plačeval pristojbino od 95 do 125 bazičnih točk v obdobju trajanja sheme ELG do njihove zapadlosti).
In the base case, the joint restructuring plan assumes that no additional capital beyond that effectively injected to date, namely EUR 34,7 billion (EUR 29,3 billion for Anglo and EUR 5,4 billion for INBS) will be required [22].
V osnovnem scenariju skupni načrt prestrukturiranja predvideva, da ne bo potreben noben dodaten kapital razen tistega, ki je bil že dejansko vložen, tj. 34,7 milijarde EUR (29,3 milijarde EUR za banko Anglo in 5,4 milijarde EUR za banko INBS) [22].
Those amounts correspond to the amounts already authorised under the four rescue decisions for Anglo and the two rescue decisions for INBS [23].
Ti zneski so enaki zneskom, ki so bili že odobreni v okviru štirih odločitev o reševanju banke Anglo in dveh odločitev o reševanju banke INBS [23].
The joint restructuring plan indicates that in a stress scenario (implying in particular higher impairments and losses on loans disposals), capital requirements would increase up to EUR 38 billion, meaning that an additional EUR 3,3 billion of capital […] over the period of the plan (namely 10 years).
Skupni načrt prestrukturiranja navaja, da bi se v okviru izjemnega scenarija (zlasti z vidika višjih oslabljenih vrednosti in izgub iz odprodaje posojil) kapitalske zahteve povečale do 38 milijard EUR, kar pomeni dodatne 3,3 milijarde EUR kapitala […] v obdobju izvajanja načrta (tj. deset let).
Besides the risk of higher impairments and losses on loans disposals, the joint restructuring plan also identifies several additional risks which could lead to the merged entity having recourse to […] EUR 3,3 billion capital in a stress case.
Poleg tveganja višjih odpisov in izgub iz odprodaje posojil skupni načrt prestrukturiranja opredeljuje tudi več dodatnih tveganj, zaradi katerih bi združeni subjekt morda moral uporabiti kapital v višini […] 3,3 milijarde EUR v izjemnem scenariju.
Main additional risks associated with the joint restructuring plan
Glavna dodatna tveganja, povezana s skupnim načrtom prestrukturiranja
Firstly, the joint restructuring plan identifies a risk of an increase in the cost of funding and an exchange rate risk.
Prvič, skupni načrt prestrukturiranja opredeljuje tveganje povečanja stroškov financiranja in tečajno tveganje.
In total, the merged entity will need to access circa […] of Central Bank funding at the time of the merger.
Skupno bo združeni subjekt potreboval dostop do približno […] financiranja s strani Centralne banke v času združitve.
That funding need would gradually decrease to […].
Ta potreba po financiranju bi se postopoma zmanjšala na […].
If the reliance on Central Bank funding is not feasible to the extent and for the duration projected [25], the merged entity will have to rely on other sources of funding, if they exist, which could be more expensive.
Če financiranje s strani Centralne banke ni izvedljivo do te stopnje in za celotno načrtovano obdobje [25], bo moral združeni subjekt uporabiti druge vire financiranja, če so na voljo, kar bi bilo lahko stroškovno manj ugodno.
Furthermore, some of the merged entity’s assets are fixed interest rate, long-term assets (typically, promissory notes) which are funded through very short-term funding […].
Poleg tega so nekatera sredstva združenega subjekta dolgoročna sredstva z nespremenljivo obrestno mero (kot so npr. zadolžnice), za katere je značilno zelo kratkoročno financiranje […].
Finally, the merger process may lead to elevated operational risks, which in turn might require further capital.
Nenazadnje lahko postopek združitve vodi k povečanim operativnim tveganjem, ki lahko v zameno zahtevajo dodaten kapital.
The probability of such risks materialising is difficult to assess.
Verjetnost, da se ta tveganja uresničijo, je težko oceniti.
Those risks and uncertainties were not incorporated in the expected capital needs in the stress case scenario.
Navedena tveganja in negotovosti niso bila zajeta v pričakovane potrebe po kapitalu v izjemnem scenariju.
The Commitments
Zaveze
Ireland has provided a number of commitments related to the merged entity in order to specifically limit the distortion of competition resulting from the State support received by Anglo and INBS.
Irska je prevzela številne zaveze, povezane z združenim subjektom, da bi izrecno omejila izkrivljanje konkurence kot posledico podpore, ki sta jo banki Anglo in INBS prejeli od države.
Those commitments are attached to this Decision in their entirety in Annex I. For the purposes of this Decision, the Commission has provided a non-exhaustive summary in recitals 63 to 66.
Te zaveze so v celoti priložene k temu sklepu kot Priloga I. Za namene tega sklepa Komisija podaja neizčrpen povzetek v uvodnih izjavah 63 do 66.
Duration of the commitments. Unless otherwise specified, all commitments provided by Ireland will remain valid and applicable until the assets of the merged entity are fully worked out, including the promissory notes.
Trajanje zavez: če ni drugače določeno, bodo vse zaveze, ki jih je prevzela Irska, ostale veljavne in se uporabljale, dokler ne bo izračun sredstev združenega subjekta, vključno z zadolžnicami, povsem dokončan.
Ban to develop new activities and to enter new markets: The merged entity will not develop any new activities and will not enter new markets, that is to say that the merged entity will not carry out any activities other than those that are consistent with managing the work-out of the Anglo and INBS legacy loan book (including loan sales, where appropriate, to maximise recovery values).
Prepoved razvijanja novih dejavnosti in vstopanja na nove trge: združeni subjekt ne bo razvijal novih dejavnosti in ne bo vstopal na nove trge, kar pomeni, da združeni subjekt ne bo opravljal nobenih drugih dejavnosti, razen tistih, ki so skladne z vodenjem izdelave portfelja posojil za nepremičnine bank Anglo in INBS (po potrebi vključno s prodajo posojil za doseganje čim večjih vrednosti vračil).
In particular, the merged entity will maintain and use its banking licence only as long as necessary for the work-out of the loan portfolios and will not use it to develop new activities.
Združeni subjekt bo zlasti vzdrževal in uporabljal svojo bančno licenco samo, v kolikor je to potrebno za izdelavo portfeljev posojil, in je ne bo uporabil za razvijanje novih dejavnosti.
Management of existing assets: The merged entity will manage existing commercial assets in a way that maximises Net Present Value (hereinafter referred to as ‘NPV’) of the assets in accordance with normal commercial practice.
Upravljanje obstoječih sredstev: združeni subjekt bo upravljal obstoječa poslovna sredstva na način, ki čim bolj povečuje čisto sedanjo vrednost (v nadaljevanju: ČSV) sredstev v skladu z običajno poslovno prakso.
Specifically, if a client cannot respect the terms of his/her loan, the merged entity will only restructure the lending terms if such a restructuring would lead to enhancing the NPV of the loan (that is to say, if the NPV of the cash flows to be expected from the restructuring is higher than the present value of the cash flows which can be expected from liquidation).
Na primer, če neka stranka ne more izpolniti pogojev svojega posojila, bo združeni subjekt prestrukturiral posojilne pogoje samo, če bi tako prestrukturiranje vodilo k povečanju ČSV posojila (to pomeni, če je ČSV pričakovanih denarnih tokov iz prestrukturiranja večja od sedanje vrednosti denarnih tokov, ki se lahko pričakujejo iz likvidacije).
In summary, the merged entity will manage its commercial asset portfolio in the same way as a private asset manager would manage the work-out of a similar book.
Če povzamemo, združeni subjekt bo upravljal svoj portfelj poslovnih sredstev na enak način, kot bi zasebni upravljavec premoženja vodil izdelavo podobnega portfelja.
As regards the merged entity’s mortgage assets, the same obligations that apply to the commercial assets will apply mutatis mutandis.
V zvezi s hipotekarnimi sredstvi združenega subjekta se smiselno uporabljajo enake obveznosti, kot veljajo za poslovna sredstva.
Ban on acquisitions: The merged entity will not acquire or take participations in any other firm, except with the prior consent of the Commission.
Prepoved nakupov: združeni subjekt ne bo sodeloval pri nakupu ali imel deleže v drugih podjetjih, razen ob predhodnem soglasju Komisije.
Ban on coupons and exercising calls on subordinated debt and hybrid capital instruments: The merged entity will not pay coupons or exercise calls on subordinated debt instruments and hybrid capital instruments, unless it is legally obliged to do so.
Prepoved izplačevanja kuponov in izvajanja pozivov za vplačilo za podrejene dolžniške in hibridne kapitalske instrumente: združeni subjekt ne bo izplačeval kuponov ali izvajal pozivov za vplačilo za podrejene dolžniške instrumente in hibridne kapitalske instrumente, razen če k temu ni zakonsko zavezan.
Cap on new lending: The merged entity’s net commercial loan book will not exceed the forecasts in the joint restructuring plan by more than […] in any single year during the plan period.
Omejitev izdajanja novih posojil: portfelj neto poslovnih posojil združenega subjekta ne bo presegla napovedi iz skupnega načrta prestrukturiranja za več kot […] za vsako posamezno leto v obdobju izvajanja načrta.
Concerning the mortgage loan book, the merged entity will limit further advances to contractually committed amounts and amounts arising as part of the restructuring of existing mortgage facilities.
V zvezi s portfeljem hipotekarnih posojil bo združeni subjekt omejil nadaljnja posojila na pogodbeno zavezane zneske in zneske, ki so posledica prestrukturiranja obstoječih hipotek.
The aggregate total of further mortgage advances is capped at a maximum of […] for the period starting 1 January 2011 and ending 31 December 2012, and […] per annum thereafter.
Skupni seštevek nadaljnjih hipotekarnih posojil lahko znaša največ […] v obdobju, ki se začne 1. januarja 2011 in konča 31. decembra 2012, in […] letno po tem obdobju.
In addition, the following lending commitments will also apply to the commercial loan book:
Poleg tega se bodo naslednje posojilne zaveze uporabljale tudi za portfelj poslovnih posojil:
Contractually committed but not yet paid-out amounts: The merged entity will be allowed to advance funds under contractually committed but not yet paid-out loan facilities.
pogodbeno zavezani, a še neizplačani zneski: združeni subjekt bo lahko odobril posojila v okviru pogodbeno zavezanih, a še neizplačanih posojil.
However, such payments will not exceed a cumulative amount of […] over the entire period of the joint restructuring plan with regard to the merged entity’s loan book.
Vendar taka izplačila ne smejo preseči skupnega zneska […] med celotnim obdobjem izvajanja skupnega načrta prestrukturiranja glede na portfelj posojil združenega subjekta;
Additional financing to existing borrowers: The merged entity may not provide additional financing which is not contractually committed at the time of the approval of the joint restructuring plan (in line with the commitment referred to in point (ii)).
dodatno financiranje obstoječih posojilojemalcev: združeni subjekt ne sme odobriti dodatnega financiranja, ki ni pogodbeno zavezano v času odobritve skupnega načrta prestrukturiranja (v skladu z zavezo iz točke (ii)).
As an exception to that prohibition, the merged entity may finance small additional amounts to existing regulatory groups if it complies with the commitment in point (iii)
Ne glede na to prepoved lahko združeni subjekt odobri majhne dodatne zneske za obstoječe regulativne skupine, če je to skladno z zavezo iz točke (iii) in
It is strictly necessary to preserve the value of the loan collateral (for example, to cover collateral maintenance, insurance, tax, security, insolvency or legal costs); or
če je to nujno za ohranjanje vrednosti zavarovanja posojila (na primer, da se pokrijejo stroški vzdrževanja jamstva, zavarovanja, davkov, poroštva, stroški nesolventnosti ali pravni stroški) ali
It is otherwise related to enhancing the expected recovery value of a loan or other asset on an NPV basis (for example, meeting essential investment working capital or liquidity needs of the underlying business)
kako drugače povezano s povečevanjem pričakovane vrednosti vračila posojila ali drugega sredstva na podlagi ČSV (na primer, izpolnjevanje bistvenih potreb po investicijskem delovnem kapitalu ali likvidnostnih potreb osnovne dejavnosti),
The merged entity may only provide such additional financing where:
združeni subjekt lahko tako dodatno financiranje zagotovi samo, kadar:
If the nominal exposure concerned is less than […], the additional financing will not exceed […] of the nominal exposure;
dodatno financiranje ne bo preseglo […] nominalne izpostavljenosti, če je zadevna nominalna izpostavljenost manjša od […],
If the nominal exposure concerned is between […] and […], the additional financing will not exceed […];
dodatno financiranje ne bo preseglo […], če je zadevna nominalna izpostavljenost med […] in […],
If the nominal exposure concerned exceeds […], the additional financing will not exceed […] of the nominal exposure.
dodatno financiranje ne bo preseglo […] nominalne izpostavljenosti, če zadevna nominalna izpostavljenost presega […];
New borrowers: The merged entity may lend to a new borrower (or a group of borrowers, also called ‘a regulatory group’) only where the following conditions are met:
novi posojilojemalci: združeni subjekt lahko odobri posojilo novemu posojilojemalcu (ali skupini posojilojemalcev, imenovani tudi „regulativna skupina“) samo, če so izpolnjeni naslednji pogoji:
The proceeds are used to reduce the exposure of an existing borrower or regulatory group;
prihodki se uporabijo za zmanjševanje izpostavljenosti obstoječega posojilojemalca ali regulativne skupine,
The transaction overall does not increase the total net exposure to the merged entity;
skupni znesek transakcije ne poveča skupne čiste izpostavljenosti do združenega subjekta,
The new lending enhances expected recovery values (as measured by NPV) compared to other restructuring or foreclosure strategies; and
novo posojilo poveča pričakovane vrednosti vračila (merjene na podlagi ČSV) v primerjavi z drugimi strategijami prestrukturiranja ali zasega in
There is no capitalisation of interest (‘interest roll-up’)
obresti se ne kapitalizirajo.
As an exception to that rule, the merged entity may, when the balance of the loan exceeds the value of the mortgaged property, facilitate its redemption through selling off the property by providing additional finance to a vendor enabling the repayment of the outstanding balance if the provision of financing is in line with the commitment in point (iii).
Ne glede na to pravilo združeni subjekt lahko, kadar preostali znesek posojila presega vrednost nepremičnine pod hipoteko, pospeši njen odkup z odprodajo nepremičnine tako, da zagotovi dodatno financiranje prodajalcu, kar omogoča odplačilo preostalega zneska, če se financiranje zagotovi v skladu z zavezo iz točke (iii).
Such determinations will be subject to prior approval by the Commission.
Take izjeme bodo predmet predhodnega soglasja Komisije.
Deposits which at the time of transferring the legacy deposits of Anglo and INBS to viable institutions, are held by or on behalf of any subsidiary of Anglo or INBS, except the Isle of Man subsidiary of Anglo;
vloge, ki se v času prenosa zapuščinskih vlog bank Anglo in INBS na poslovno uspešne institucije hranijo za ali v imenu katere koli podružnice banke Anglo ali INBS, razen podružnice banke Anglo na otoku Man;
Secured accounts (in favour of Anglo or INBS or any other person) and deposits related or connected to a regulatory group from Anglo or INBS or tracker bond accounts at the time of transfer of Anglo’s and INBS’s deposits to two other Irish banks [26];
zavarovani računi (v korist bank Anglo ali INBS ali druge osebe) in vloge, ki se nanašajo na ali so povezane z regulativno skupino bank Anglo ali INBS ali z depozitnimi računi za indeksne obveznice v času prenosa vlog bank Anglo in INBS na dve drugi irski banki [26];
Deposits denominated in currencies other than euro, US dollar (USD) or pound sterling (GBP) at the time of transferring the deposits.
vloge, ki so v času prenosa denominirane v drugih valutah, ki niso EUR, ameriški dolar (USD) ali funt šterling (GBP).
They will not be replaced as they mature;
Te vloge se ob dospelosti ne bodo nadomestile;
Deposits held or booked at branches at Jersey, at Dusseldorf, Germany or at Vienna, Austria.
vloge, ki se hranijo ali so knjižene v podružnicah v Jerseyu, Düsseldorfu, Nemčija, ali na Dunaju, Avstrija.
Any account which has a negative balance;
vsi računi, ki izkazujejo negativno stanje;
Internal control accounts;
notranji kontrolni računi;
Accounts where the account or the customer to whom the account relates has been the subject of notification of an investigation by any police, fraud or investigative authority; and
računi, pri katerih je bila v zvezi z računom ali stranko, na katero se račun nanaša, uvedena preiskava s strani policijskih organov, organov za preprečevanje goljufij ali preiskovalnih organov; in
All INBS accounts identified in the accounting records of the Transferor by branch ‘[…]’.
vsi računi banke INBS, ki so opredeljeni v računovodskih evidencah prenositelja pod podružnico „[…]“.
Monitoring Trustee: The merged entity will appoint a Monitoring Trustee, subject to the Commission’s approval, who will verify adherence by the merged entity with the commitments set out in Annex I. The Monitoring Trustee will be nominated for a period of three years.
Skrbnik spremljanja: združeni subjekt bo imenoval skrbnika spremljanja, ki ga odobri Komisija in ki bo preveril skladnost združenega subjekta z zavezami iz Priloge I. Skrbnik spremljanja bo imenovan za tri leta.
Ireland will ensure that the merged entity complies with the commitments set out in Annex I. Ireland will submit regular reports on the measures taken to comply with those commitments.
Irska bo zagotovila, da bo združeni subjekt spoštoval zaveze, določene v Prilogi I. Irska bo redno poročala o ukrepih, ki jih je sprejela za zagotovitev skladnosti z navedenimi zavezami.
The first report will be submitted to the Commission not later than six months from the date of notification of this Decision and thereafter at six monthly intervals.
Prvo poročilo se predloži Komisiji najpozneje šest mesecev od datuma uradnega obvestila o tem sklepu in nato v šestmesečnih presledkih.
The State measures assessed in this Decision
Državni ukrepi, ocenjeni v tem sklepu
Both Anglo and INBS have received a substantial amount of State aid.
Obe banki, Anglo in INBS, sta prejeli velik znesek državne pomoči.
After the merger, the merged entity will also benefit from several State measures.
Po združitvi bo združeni subjekt prav tako užival ugodnosti številnih državnih ukrepov.
This Section presents those measures (see also Table 1).
Ti ukrepi so predstavljeni v tem oddelku (glej tudi preglednico 1).
Over the course of the rescue period, Anglo received several State aid measures which have been approved by the Commission in the various decisions pertaining to this case [27], and which are referred to in points (a) to (v) of this recital and recitals 67, 68 and 69):
V obdobju reševanja je banka Anglo prejela več ukrepov državne pomoči, ki jih je Komisija odobrila v različnih odločitvah, ki se nanašajo na to zadevo [27] in so navedene v točkah (a) do (v) te uvodne izjave ter v uvodnih izjavah 67, 68 in 69:
A State guarantee under the CIFS scheme covering Anglo’s deposits (retail, commercial, institutional and interbank), covered bonds, senior debt and dated subordinated debt for the period from 1 October 2008 to 30 September 2010 [28];
državno jamstvo v okviru sheme CIFS, ki pokriva vloge banke Anglo (za prebivalstvo, poslovne, institucionalne in medbančne), krite obveznice, prednostni dolg in datiran podrejeni dolg za obdobje od 1. oktobra 2008 do 30. septembra 2010 [28];
A first recapitalisation of Anglo for an amount of EUR 4 billion [29];
prva dokapitalizacija banke Anglo v znesku 4 milijarde EUR [29];
State guarantees under the ELG scheme covering deposits, senior unsecured certificates of deposit, senior unsecured commercial paper, senior unsecured bonds and notes [30];
državna jamstva v okviru sheme ELG, ki pokrivajo vloge, prednostna nezavarovana potrdila o vlogah, prednostne nezavarovane komercialne zapise, prednostne nezavarovane obveznice in zadolžnice [30];
An asset relief measure in the form of the transfer of EUR 35 billion [31] of impaired commercial property loans to NAMA at an average discount of [50-70] % [32];
ukrep finančne pomoči za oslabljena sredstva v obliki prenosa 35 milijard EUR [31] oslabljenih posojil za poslovne nepremičnine na agencijo NAMA s povprečno diskontno stopnjo [50–70] % [32];
A second recapitalisation for an amount of EUR 10,44 billion, of which EUR 10,3 billion was effectively granted by Ireland [33];
druga dokapitalizacija v znesku 10,44 milijarde EUR, od katerega je Irska dejansko dodelila 10,3 milijarde EUR [33];
A third recapitalisation for an amount of EUR 10054 million (of which EUR 8580 million was granted upon approval while the remainder (EUR 1474 million) was injected together with the fourth capital injection), see measure (h) [34];
tretja dokapitalizacija v znesku 10054 milijonov EUR (od katerega je bilo 8580 milijonov EUR dodeljenih po odobritvi, medtem ko je bil preostali znesek (1474 milijonov EUR) dodeljen skupaj s četrtim kapitalskim vložkom, glej ukrep (h) [34];
A guarantee on Anglo’s short-term liabilities following the reapplication of the ELG scheme to cover such securities, notably commercial paper, certificates of deposit, interbank deposits and corporate deposits with a maturity of less than three months (covered amount is around EUR […] billion as at 31 December 2010) [35];
jamstvo za kratkoročne obveznosti banke Anglo po ponovni uporabi sheme ELG za pokritje takih vrednostnih papirjev, zlasti komercialnih zapisov, potrdil o vlogah, medbančnih depozitov in vlog gospodarstva z dospelostjo manj kot tri mesece (pokrit znesek na dan 31. decembra 2010 je znašal približno […] milijard EUR) [35];
An additional recapitalisation of EUR 4946 million was granted to cover further losses resulting from the accelerated transfer of impaired property development loans to NAMA and losses on the non-NAMA loan book until […].
dodatna dokapitalizacija v višini 4946 milijonov EUR je bila dodeljena za pokritje nadaljnjih izgub, ki so posledica pospešenega prenosa oslabljenih posojil za gradnjo nepremičnin na agencijo NAMA in izgub iz portfelja posojil, ki ga ne upravlja NAMA, do […].
The remaining balance of the third recapitalisation (measure (f)) amounting to EUR 1474 million has already been injected together with EUR 4946 billion [36];
Preostala razlika tretje dokapitalizacije (ukrep (f)), ki znaša 1474 milijonov EUR, je bila že vložena skupaj s 4946 milijardami EUR [36];
A guarantee on certain off-balance sheet transactions covering an amount estimated at around EUR […] billion [37].
jamstvo za nekatere zunajbilančne transakcije, ki po ocenah pokriva znesek v višini pribl. […] milijard EUR [37].
INBS, during the rescue period, has received the following measures (j) to (o) that were approved by the Commission:
Banka INBS je v obdobju reševanja prejela naslednje ukrepe od (j) do (o), ki jih je odobrila Komisija: