natgillin/translations-raw huggingface dataset:
where the protection purchaser's right and ability to transfer the underlying obligation to the protection provider is required for settlement, the terms of the underlying obligation provide that any required consent to such transfer shall not be unreasonably withheld;
kadar se za poravnavo zahteva pravica in sposobnost kupca zavarovanja, da osnovno obveznost prenese na izdajatelja kreditnega zavarovanja, pogoji osnovne obveznosti določajo, da se nobeno zahtevano soglasje k takemu prenosu ne zavrne neutemeljeno;
the identity of the parties responsible for determining whether a credit event has occurred is clearly defined;
istovetnost strank, pristojnih za ugotavljanje, ali je nastal kreditni dogodek, je jasno opredeljena;
the determination of the credit event is not the sole responsibility of the protection provider;
odgovornost za določitev kreditnega dogodka ni izključno na strani dajalca zavarovanja;
the protection buyer has the right or ability to inform the protection provider of the occurrence of a credit event.
kupec zavarovanja ima pravico ali sposobnost, da dajalca zavarovanja obvesti o nastanku kreditnega dogodka.
Where the credit events do not include restructuring of the underlying obligation as described in point (a)(iii), the credit protection may nonetheless be eligible subject to a reduction in the value as specified in Article 233(2);
Kadar kreditni dogodki ne zajemajo prestrukturiranja osnovne obveznosti, kakor je opisano v točki (a)(iii), je lahko kreditno zavarovanje kljub temu primerno, če se zniža vrednost, kot je to določeno v členu 233(2).
A mismatch between the underlying obligation and the reference obligation under the credit derivative or between the underlying obligation and the obligation used for purposes of determining whether a credit event has occurred is permissible only where both the following conditions are met:
Neusklajenost med osnovno obveznostjo in referenčno obveznostjo po kreditnem izvedenem finančnem instrumentu ali med osnovno obveznostjo in obveznostjo, ki se uporablja za ugotavljanje, ali je nastal kreditni dogodek, je dovoljena samo, če sta izpolnjena oba naslednja pogoja:
the reference obligation or the obligation used for the purpose of determining whether a credit event has occurred, as the case may be, ranks pari passu with or is junior to the underlying obligation;
referenčna obveznost ali obveznost, ki se uporablja za ugotavljanje, ali je nastal kreditni dogodek, odvisno od primera, je uvrščena pari passu z osnovno obveznostjo ali je njej podrejena;
the underlying obligation and the reference obligation or the obligation used for the purpose of determining whether a credit event has occurred, as the case may be, share the same obligor and legally enforceable cross-default or cross-acceleration clauses are in place.
osnovna obveznost in referenčna obveznost ali obveznost, ki se uporablja za ugotavljanje, ali je nastal kreditni dogodek, odvisno od primera, imata istega dolžnika, določeni pa sta tudi pravno izvršljivi klavzula o navzkrižni ugotovitvi neplačila ali klavzula o navzkrižni takojšnji zapadlosti.
Requirements to qualify for the treatment set out in Article 153(3)
Zahteve, ki morajo biti izpolnjene za obravnavo iz člena 153(3)
To be eligible for the treatment set out in Article 153(3), credit protection deriving from a guarantee or credit derivative shall meet the following conditions:
Da se za kreditno zavarovanje na podlagi jamstva ali kreditnega izvedenega finančnega instrumenta lahko uporablja obravnava iz člena 153(3), morajo biti izpolnjeni naslednji pogoji:
the underlying obligation is to one of the following exposures:
osnovna obveznost zadeva eno izmed naslednjih izpostavljenosti:
a corporate exposure as referred to in Article 147, excluding insurance and reinsurance undertakings;
izpostavljenost do podjetij iz člena 147, brez zavarovalnic in pozavarovalnic,
an exposure to a regional government, local authority or public sector entity which is not treated as an exposure to a central government or a central bank in accordance with Article 147;
izpostavljenost do regionalne ali lokalne ravni države ali subjekta javnega sektorja, ki ni obravnavan kot izpostavljenost do centralne ravni države ali centralne banke v skladu s členom 147,
an exposure to an SME, classified as a retail exposure in accordance with Article 147(5);
izpostavljenost do MSP, razvrščena kot izpostavljenost na drobno v skladu s členom 147(5);
the underlying obligors are not members of the same group as the protection provider;
osnovni dolžniki niso člani iste skupine kot dajalec zavarovanja;
the exposure is hedged by one of the following instruments:
izpostavljenost se varuje z enim od naslednjih instrumentov:
single-name unfunded credit derivatives or single-name guarantees;
kreditnimi izvedenimi finančnimi instrumenti za eno samo izpostavljenost ali jamstvi za eno samo izpostavljenost;
first-to-default basket products;
produkti iz košarice na podlagi prvega neplačila;
nth-to-default basket products;
produkti iz košarice na podlagi n-tega neplačila;
the credit protection meets the requirements set out in Articles 213, 215 and 216, as applicable;
kreditno zavarovanje je v skladu z ustreznimi zahtevami iz členov 213, 215 in 216;
the risk weight that is associated with the exposure prior to the application of the treatment set out in Article 153(3), does not already factor in any aspect of the credit protection;
utež tveganja, ki ustreza izpostavljenosti pred uporabo obravnave iz člena 153(3), nikakor ni že vključena v kreditno zavarovanje;
an institution has the right and expectation to receive payment from the protection provider without having to take legal action in order to pursue the counterparty for payment.
institucija ima pravico in pričakuje, da od dajalca kreditnega zavarovanja prejme plačilo, ne da bi uporabila pravna sredstva za terjanje plačila od nasprotne pogodbene stranke.
To the extent possible, the institution shall take steps to satisfy itself that the protection provider is willing to pay promptly should a credit event occur;
Institucija sprejme vse možne ukrepe, da se prepriča, da je dajalec zavarovanja pripravljen takoj plačati, če pride do kreditnega dogodka;
the purchased credit protection absorbs all credit losses incurred on the hedged portion of an exposure that arise due to the occurrence of credit events outlined in the contract;
kupljeno kreditno zavarovanje pokriva vse kreditne izgube, ki nastanejo na varovanem delu izpostavljenosti zaradi kreditnih dogodkov, opisanih v pogodbi;
where the payout structure of the credit protection provides for physical settlement, there is legal certainty with respect to the deliverability of a loan, bond, or contingent liability;
kadar struktura izplačil kreditnega zavarovanja omogoča stvarno poravnavo, mora obstajati pravna gotovost v zvezi z izročljivostjo kredita, obveznice ali pogojne obveznosti;
where an institution intends to deliver an obligation other than the underlying exposure, it shall ensure that the deliverable obligation is sufficiently liquid so that the institution would have the ability to purchase it for delivery in accordance with the contract;
kadar institucija namerava izročiti obveznost, ki ni osnovna izpostavljenost, zagotovi, da je izročljiva obveznost dovolj likvidna, da jo je institucija zmožna kupiti za izročitev v skladu s pogodbo;
the terms and conditions of credit protection arrangements are legally confirmed in writing by both the protection provider and the institution;
pogoje ureditve kreditnega zavarovanja zakonsko potrdita v pisni obliki tako dajalec kreditnega zavarovanja kot institucija;
institutions have in place a process to detect excessive correlation between the creditworthiness of a protection provider and the obligor of the underlying exposure due to their performance being dependent on common factors beyond the systematic risk factor;
institucije imajo vzpostavljen postopek za odkrivanje čezmerne korelacije med kreditno sposobnostjo dajalca zavarovanja in dolžnika osnovne izpostavljenosti zaradi odvisnosti njihove učinkovitosti od skupnih dejavnikov, ki presegajo okvir dejavnika sistemskega tveganja;
in the case of protection against dilution risk, the seller of purchased receivables is not a member of the same group as the protection provider.
v primeru zavarovanja pred tveganjem zmanjšanja vrednosti odkupljenih denarnih terjatev prodajalec odkupljenih denarnih terjatev ni član iste skupine kot dajalec zavarovanja.
For the purpose of point (c)(ii) of paragraph 1, institutions shall apply the treatment set out in Article 153(3) to the asset within the basket with the lowest risk-weighted exposure amount.
Za namen točke (c)(ii) odstavka 1 institucije uporabijo obravnavo iz člena 153(3) za sredstvo znotraj košarice z najmanjšo vrednostjo tveganju prilagojenih izpostavljenosti.
For the purpose of point (c)(iii) of paragraph 1, the protection obtained is only eligible for consideration under this framework where eligible (n-1)th default protection has also been obtained or where (n-1) of the assets within the basket has or have already defaulted.
Za namen točke (c)(iii) odstavka 1 je pridobljeno zavarovanje primerno za upoštevanje znotraj tega okvira samo, če je bilo pridobljeno tudi primerno zavarovanje na podlagi neplačila (n–1) ali če so sredstva (n–1) znotraj košarice že v neplačilu.
Where this is the case, institutions shall apply the treatment set out in Article 153(3) to the asset within the basket with the lowest risk-weighted exposure amount.
V takih primerih institucije uporabijo obravnavo iz člena 153(3) za sredstvo znotraj košarice z najmanjšo vrednostjo tveganju prilagojenih izpostavljenosti.
Article 218
člen 218
Investments in credit linked notes issued by the lending institution may be treated as cash collateral for the purpose of calculating the effect of funded credit protection in accordance with this Sub-section, provided that the credit default swap embedded in the credit linked note qualifies as eligible unfunded credit protection.
Za namene izračuna učinkov stvarnega kreditnega zavarovanja v skladu s tem pododdelkom se lahko naložbe v kreditne zapise, ki jih izda posojilna institucija, obravnavajo kot zavarovanje z denarnimi sredstvi, če zamenjava neplačil, vgrajena v kreditni zapis, šteje za primerno osebno kreditno zavarovanje.
For the purpose of determining whether the credit default swap embedded in a credit linked note qualifies as eligible unfunded credit protection, the institution may consider the condition in point (c) of Article 194(6) to be met.
Institucije lahko pri ugotavljanju, ali zamenjava neplačil, vgrajena v kreditni zapis, šteje za primerno osebno kreditno zavarovanje, obravnavajo pogoj iz člena 194(6)(c) kot izpolnjen.
Article 219
člen 219
Loans to and deposits with the lending institution subject to on-balance sheet netting are to be treated by that institution as cash collateral for the purpose of calculating the effect of funded credit protection for those loans and deposits of the lending institution subject to on-balance sheet netting which are denominated in the same currency.
Posojila in vloge pri posojilni instituciji, za katere velja bilančni pobot, ta institucija za namene izračunavanja učinkov stvarnega kreditnega zavarovanja za navedena posojila in vloge posojilne institucije, za katere velja pogodba o bilančnem pobotu in ki so denominirani v isti valuti, obravnava kot zavarovanje z denarnimi sredstvi.
Using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach for master netting agreements
Uporaba pristopa nadzorniških prilagoditev za nestanovitnost ali pristopa lastnih ocen prilagoditev za nestanovitnost za okvirne pogodbe o pobotu
When institutions calculate the 'fully adjusted exposure value' (E*) for the exposures subject to an eligible master netting agreement covering repurchase transactions or securities or commodities lending or borrowing transactions or other capital market-driven transactions, they shall calculate the volatility adjustments that they need to apply either by using the Supervisory Volatility Adjustments Approach or the Own Estimates Volatility Adjustments Approach ('Own Estimates Approach') as set out in Articles 223 to 226 for the Financial Collateral Comprehensive Method.
Institucije pri izračunu "polno prilagojene vrednosti izpostavljenosti" (E*) za izpostavljenosti na podlagi primerne okvirne pogodbe o pobotu, ki obsega repo posle ali posle posoje/izposoje vrednostnih papirjev ali blaga ali druge posle z instrumenti kapitalskega trga, izračunajo prilagoditve za nestanovitnost, ki jih morajo uporabiti, bodisi z uporabo pristopa nadzorniških prilagoditev za nestanovitnost ali z uporabo pristopa lastnih ocen prilagoditev za nestanovitnost (pristop lastnih ocen), kakor je določeno v členih 223do 226 za razvito metodo za izračun učinkov zavarovanja s finančnim premoženjem.
The use of the Own Estimates Approach shall be subject to the same conditions and requirements as apply under the Financial Collateral Comprehensive Method.
Za uporabo pristopa lastnih ocen veljajo enaki pogoji in zahteve kot za razvito metodo za izračun učinkov zavarovanja s finančnim premoženjem.
For the purpose of calculating E*, institutions shall:
Za izračun E* institucije:
calculate the net position in each group of securities or in each type of commodity by subtracting the amount in point (ii) from the amount in point (i):
izračunajo neto pozicijo v vsaki skupini vrednostnih papirjev ali v vsaki vrsti blaga tako, da odštejejo znesek iz točke (ii) od zneska iz točke (i):
the total value of a group of securities or of commodities of the same type lent, sold or provided under the master netting agreement;
skupna vrednost skupine posojenih, prodanih ali zagotovljenih vrednostnih papirjev ali blaga iste vrste na podlagi okvirne pogodbe o pobotu;
the total value of a group of securities or of commodities of the same type borrowed, purchased or received under the master netting agreement;
skupna vrednost skupine izposojenih, kupljenih ali prejetih vrednostnih papirjev ali blaga iste vrste na podlagi okvirnepogodbe o pobotu;
calculate the net position in each currency, other than the settlement currency of the master netting agreement, by subtracting the amount in point (ii) from the amount in point (i):
izračunajo neto pozicijo v vsaki valuti, ki ni valuta poravnave okvirnepogodbe o pobotu, tako, da odštejejo znesek iz točke (ii) od zneska iz točke (i):
the sum of the total value of securities denominated in that currency lent, sold or provided under the master netting agreement and the amount of cash in that currency lent or transferred under that agreement;
vsota skupne vrednosti v navedeni valuti denominiranih vrednostnih papirjev, posojenih, prodanih ali zagotovljenih na podlagi okvirnepogodbe o pobotu, in zneska denarnih sredstev v navedeni valuti, posojenih ali prenesenih na podlagi navedenepogodbe;
the sum of the total value of securities denominated in that currency borrowed, purchased or received under the master netting agreement and the amount of cash in that currency borrowed or received under that agreement;
vsota skupne vrednosti v navedeni valuti denominiranih vrednostnih papirjev, izposojenih, kupljenih ali prejetih na podlagi okvirnepogodbe o pobotu, in zneska denarnih sredstev v navedeni valuti, izposojenih ali prenesenih na podlagi navedenepogodbe;
apply the volatility adjustment appropriate to a given group of securities or to a cash position to the absolute value of the positive or negative net position in the securities in that group;
uporabijo prilagoditev za nestanovitnost, ki je ustrezna za določeno skupino vrednostnih papirjev ali denarno pozicijo, za absolutno vrednost pozitivne ali negativne neto pozicije v vrednostnih papirjih iz navedene skupine;
apply the foreign exchange risk (fx) volatility adjustment to the net positive or negative position in each currency other than the settlement currency of the master netting agreement.
uporabijo prilagoditev za nestanovitnost zaradi valutnega tveganja (fx) za neto pozitivno ali negativno pozicijo v vsaki valuti, razen v valuti poravnave okvirne pogodbe o pobotu.
Institutions shall calculate E* according to the following formula:
Institucije izračunajo E* v skladu z naslednjo formulo:
the exposure value for each separate exposure i under the agreement that would apply in the absence of the credit protection, where institutions calculate risk-weighted exposure amounts under the Standardised Approach or where they calculate the risk-weighted exposure amounts and expected loss amounts under the IRB Approach;
vrednost vsake posamezne izpostavljenosti i iz pogodbe, ki bi veljala v odsotnosti kreditnega zavarovanja, kadar institucije izračunavajo zneske tveganju prilagojenih izpostavljenosti na podlagi standardiziranega pristopa ali kadar izračunavajo zneske pričakovanih izgub na podlagi pristopa IRB;
the value of securities in each group or commodities of the same type borrowed, purchased or received or the cash borrowed or received in respect of each exposure i;
vrednost vrednostnih papirjev v posamezni skupini ali blaga iste vrste, izposojenih, kupljenih ali prejetih, ali denarna sredstva, izposojena ali prejeta na podlagi posamezne izpostavljenosti i;
the net position (positive or negative) in a given group of securities j;
neto pozicija (pozitivna ali negativna) v dani skupini vrednostnih papirjev j;
the net position (positive or negative) in a given currency k other than the settlement currency of the agreement as calculated under point (b) of paragraph 2;
neto pozicija (pozitivna ali negativna) v dani valuti k, razen v valuti poravnave pogodbe, izračunana v skladu s točko (b) odstavka 2;
the volatility adjustment appropriate to a particular group of securities j;
prilagoditev za nestanovitnost, ki je ustrezna za določeno skupino vrednostnih papirjev j;
the foreign exchange volatility adjustment for currency k.
prilagoditev za nestanovitnost zaradi valutnega tveganja za valuto k.
For the purpose of calculating risk-weighted exposure amounts and expected loss amounts for repurchase transactions or securities or commodities lending or borrowing transactions or other capital market-driven transactions covered by master netting agreements, institutions shall use E* as calculated under paragraph 3 as the exposure value of the exposure to the counterparty arising from the transactions subject to the master netting agreement for the purposes of Article 113 under the Standardised Approach or Chapter 3 under the IRB Approach.
Za izračun tveganju prilagojenih zneskov izpostavljenosti in zneskov pričakovanih izgub za repo posle, posle posoje/izposoje vrednostnih papirjev ali blaga ali druge posle z instrumenti kapitalskega trga, ki jih zajemajo okvirne pogodbe o pobotu, institucije uporabijo E*, izračunano v skladu z odstavkom 3, kot vrednost izpostavljenosti za izpostavljenost do nasprotne stranke, ki izhaja iz poslov, ki so predmet okvirne pogodbe o pobotu za namene člena 113 v okviru standardiziranega pristopa oziroma poglavja 3 v okviru pristopa IRB.
For the purposes of paragraphs 2 and 3, 'group of securities' means securities which are issued by the same entity, have the same issue date, the same maturity, are subject to the same terms and conditions, and are subject to the same liquidation periods as indicated in Articles 224 and 225, as applicable.
Za namene odstavkov 2 in 3 pomeni "skupina vrednostnih papirjev" vrednostne papirje, ki jih izda isti subjekt, ki imajo isti datum izdaje, isto zapadlost in za katere veljajo isti pogoji in zahteve ter ista obdobja unovčenja zavarovanja, kakor je določeno v členih 224 in 225, kot je primerno.
Using the Internal Models Approach for Master netting agreements
Uporaba pristopa notranjih modelov za okvirne pogodbe o pobotu
Subject to permission of competent authorities, institutions may, as an alternative to using the Supervisory Volatility Adjustments Approach or the Own Estimates Approach in calculating the fully adjusted exposure value (E*) resulting from the application of an eligible master netting agreement covering repurchase transactions, securities or commodities lending or borrowing transactions, or other capital market driven transactions other than derivative transactions, use an internal models approach which takes into account correlation effects between security positions subject to the master netting agreement as well as the liquidity of the instruments concerned.
Na podlagi dovoljenja pristojnih organov lahko institucije namesto uporabe pristopa nadzorniških prilagoditev za nestanovitnost ali pristopa lastnih ocen prilagoditev za nestanovitnost pri izračunu polno prilagojene vrednosti izpostavljenosti (E*), ki izhaja iz uporabe primerne okvirne pogodbe o pobotu, ki zajema repo posle, posle posoje/izposoje vrednostnih papirjev ali blaga ali druge posle z instrumenti kapitalskega trga, razen poslov z izvedenimi finančnimi instrumenti, uporabijo pristop notranjih modelov, ki upošteva tako učinke korelacije med pozicijami vrednostnih papirjev, za katere velja okvirna pogodba o pobotu, kakor tudi likvidnost zadevnih instrumentov.
Subject to the permission of the competent authorities, institutions may also use their internal models for margin lending transactions, where the transactions are covered under a bilateral master netting agreement that meets the requirements set out in Chapter 6, Section 7.
Na podlagi dovoljenja pristojnih organov lahko institucije uporabljajo tudi svoje notranje modele za posle kreditiranja za povečanje trgovalnega portfelja, če so t posli zajeti v dvostranski okvirni pogodbi o pobotu, ki izpolnjuje zahteve oddelka 7 poglavja 6.
An institution may choose to use an internal models approach independently of the choice it has made between the Standardised Approach and the IRB Approach for the calculation of risk-weighted exposure amounts.
Institucija se lahko odloči za uporabo pristopa notranjih modelov ne glede na to, ali je za izračun zneskov tveganju prilagojenih izpostavljenosti izbrala standardiziran pristop ali pristop IRB.
However, where an institution seeks to use an internal models approach, it shall do so for all counterparties and securities, excluding immaterial portfolios where it may use the Supervisory Volatility Adjustments Approach or the Own Estimates Approach as laid down in Article 220.
Vendar če želi institucija uporabiti pristop notranjih modelov, ga uporabi za vse nasprotne pogodbene stranke in vrednostne papirje, razen za nebistvene portfelje, za katere lahko uporabi pristop nadzorniških prilagoditev za nestanovitnost ali pristop lastnih ocen, kakor je določeno v členu 220.
Institutions that have received permission for an internal risk-management model under Title IV, Chapter 5 may use the internal models approach.
Institucije, ki so dobile dovoljenje za uporabo internega modela upravljanja s tveganji v skladu z naslovom IV poglavja 5, lahko uporabijo pristop notranjih modelov.
Where an institution has not received such permission, it may still apply for permission to the competent authorities to use an internal models approach for the purposes of this Article.
Če institucija takega dovoljenja ni dobila, lahko vseeno pristojne organe zaprosi za dovoljenje za uporabo pristopa notranjih modelov za namene tega člena.
Competent authorities shall permit an institution to use an internal models approach only where they are satisfied that the institution's system for managing the risks arising from the transactions covered by the master netting agreement is conceptually sound and implemented with integrity and where the following qualitative standards are met:
Pristojni organi instituciji dovolijo uporabo pristopa notranjih modelov samo, če se jim ustrezno dokaže, da je sistem institucije za upravljanje tveganj, ki izhajajo iz poslov, zajetih z okvirno pogodbo o pobotu, konceptualno ustrezen in da se izvaja celovito, ter če so izpolnjeni naslednji kvalitativni standardi: