natgillin/translations-raw huggingface dataset:
The Eurosystem reserves the right to request from any relevant third party, e.g. the issuer, the originator or the arranger, any clarification and/or legal confirmation that it considers necessary to assess the eligibility of asset-backed securities and with regard to the provision of loan-level data.
Eurosistem si pridržuje pravico, da od posameznih tretjih oseb, npr. izdajatelja, originatorja ali organizatorja, zahteva kakršno koli pojasnilo in/ali pravno potrditev, za katero šteje, da je potrebna za oceno primernosti listinjenih vrednostnih papirjev ali v povezavi z zagotavljanjem podatkov na ravni posameznega posojila.
Non-compliance with such requests may lead to suspension of or refusal to grant eligibility to the asset-backed security transaction in question.
V primeru neizpolnitve takih zahtev se lahko zadevni transakciji z listinjenimi vrednostnimi papirji odvzame primernost ali zavrne dodelitev primernosti.
Additional eligibility criteria applicable to covered bonds
Dodatna merila primernosti, ki veljajo za krite obveznice
Covered bonds shall be subject, from 31 March 2013, to the following additional requirements:
Za krite obveznice veljajo od 31. marca 2013 naslednje dodatne zahteve:
The cover pool of a covered bond shall not contain asset-backed securities, with the exception of asset-backed securities which:
Kritni sklad krite obveznice ne sme vsebovati listinjenih vrednostnih papirjev, razen tistih listinjenih vrednostnih papirjev, ki:
comply with the requirements laid down in Directives 2006/48/EC and 2006/49/EC in respect of asset-backed securities in covered bonds;
izpolnjujejo zahteve direktiv 2006/48/ES in 2006/49/ES glede listinjenih vrednostnih papirjev v kritih obveznicah;
were originated by a member of the same consolidated group of which the issuer of the covered bonds is also a member or by an entity affiliated to the same central body to which the issuer of the covered bonds is also affiliated;
jih je ustvaril član iste konsolidirane skupine, katere član je tudi izdajatelj kritih obveznic, ali subjekt, povezan z istim centralnim organom, s katerim je povezan tudi izdajatelj kritih obveznic;
are used as a technical tool to transfer mortgages or guaranteed real-estate loans from the originating entity into the cover pool.
se uporabljajo kot tehnično orodje, s katerim se hipoteke ali posojila za nakup nepremičnin z jamstvom prenesejo od originatorja v kritni sklad.
Covered bonds which were on the list of eligible asset-backed securities from 28 November 2012 and did not comply with requirements (a) to (c) will remain eligible until 28 November 2014.
Krite obveznice, ki so bile na listi primernih listinjenih vrednostnih papirjev na dan 28. novembra 2012 in niso izpolnjevale zahtev (a) do (c), ostanejo primerne do 28. novembra 2014.
In Section 6.2.1.7, footnote 58 is deleted;
v oddelku 6.2.1.7 se črta opomba 58;
In Section 6.2.2, footnote 60 is deleted;
v oddelku 6.2.2 se črta opomba 60;
Section 6.2.2.1 is amended as follows:
oddelek 6.2.2.1 se spremeni:
The credit claim must have: (i) a fixed, unconditional principal amount; and (ii) an interest rate that cannot result in a negative cash flow.
Bančno posojilo mora imeti: (i) fiksen, brezpogojen znesek glavnice; in (ii) obrestno mero, ki ne more povzročiti negativnega denarnega toka.
These features must be maintained until the redemption of the obligation.
Ti značilnosti morata biti ohranjeni do dokončnega odplačila obveznosti.
In addition, the interest rate should be one of the following: (i) zero coupon-style; (ii) fixed; (iii) floating linked to another interest rate reference.
Poleg tega mora biti obrestna mera ena od naslednjih: (i) kot pri brezkuponskih instrumentih; (ii) fiksna; (iii) variabilna obrestna mera, vezana na drugo referenčno obrestno mero.
Furthermore, credit claims with their interest rate linked to the inflation rate are also eligible.’;
Poleg tega so primerna tudi bančna posojila z obrestno mero, vezano na stopnjo inflacije.“;
paragraph (f) is replaced by the following:
odstavek (f) se nadomesti z naslednjim:
Minimum size: At the time of submission for use as collateral (mobilisation) by the counterparty, the credit claim must meet a minimum size threshold.
najmanjši znesek: ko nasprotna stranka predloži bančno posojilo v zavarovanje (mobilizacija), mora znesek bančnega posojila dosegati najnižji prag.
For cross-border use, a common minimum threshold of EUR 500000 is applicable.’;
Za čezmejno uporabo posojil velja enotni najnižji prag v višini 500000 EUR.“;
In Section 6.2.3, the following paragraph is inserted:
v oddelku 6.2.3 se vstavi naslednji odstavek:
‘Despite their eligibility, national central banks may decide not to accept the following marketable or non-marketable assets as collateral from a counterparty:
„Nacionalne centralne banke se lahko odločijo, da od nasprotne stranke ne sprejmejo v zavarovanje naslednjega tržnega ali netržnega finančnega premoženja, čeprav je primerno:
debt instruments falling due in the immediate future; and
dolžniških instrumentov, ki bodo zapadli v bližnji prihodnosti; in
debt instruments with an income flow, e.g. a coupon payment, occurring in the immediate future.’;
dolžniških instrumentov, pri katerih bodo izplačila, npr. kuponsko izplačilo, nastala v bližnji prihodnosti.“;
Section 6.2.3.2 is replaced by the following:
oddelek 6.2.3.2 se nadomesti z naslednjim:
Non-marketable assets can be used as underlying assets for reverse open market transactions and the marginal lending facility.
Netržno finančno premoženje se lahko uporabi kot finančno premoženje za zavarovanje terjatev pri povratnih transakcijah odprtega trga in pri mejnem posojilu.
Irrespective of the fact that a marketable or non-marketable asset fulfils all eligibility criteria, a counterparty may not submit as collateral any asset issued or guaranteed by itself or by any other entity with which it has close links.
Ne glede na to, ali tržno in netržno finančno premoženje izpolnjuje vsa merila primernosti, nasprotna stranka ne sme v zavarovanje predložiti finančnega premoženja, ki ga je izdala ali zanj jamči sama nasprotna stranka ali katera koli druga oseba, ki je z njo v tesni povezavi.
“Close links” means any of the following situations where the counterparty is linked to an issuer/debtor/guarantor of eligible assets:
‚Tesne povezave‘ pomenijo katerega koli od naslednjih primerov, ko je nasprotna stranka povezana z izdajateljem/dolžnikom/garantom primernega finančnega premoženja:
the issuer/debtor/guarantor owns directly, or indirectly through one or more other undertakings, 20 % or more of the capital of the counterparty;
izdajatelj/dolžnik/garant ima neposredno ali posredno prek enega ali več drugih podjetij v lasti 20 % ali več kapitala nasprotne stranke;
a third party owns more than 20 % of the capital of the counterparty and more than 20 % of the capital of the issuer/debtor/guarantor, either directly or indirectly, through one or more undertakings.
tretja oseba ima v lasti več kot 20 % kapitala nasprotne stranke in več kot 20 % kapitala izdajatelja/dolžnika/garanta, in sicer neposredno ali posredno prek enega ali več podjetij.
The above provisions concerning close links do not apply to: (a) close links between the counterparty and an EEA public sector entity which has the right to levy taxes, or in the case where a debt instrument is guaranteed by an EEA public sector entity which has the right to levy taxes; (b) covered bank bonds issued in accordance with the criteria set out in Part 1, points 68 to 70 of Annex VI to Directive 2006/48/EC; (c) cases in which debt instruments are protected by specific legal safeguards comparable to those instruments given under (b) such as in the case of: (i) non-marketable RMBDs which are not securities; or (ii) covered bank bonds for which all criteria set out in Part 1, points 68 to 70 of Annex VI to Directive 2006/48/EC are complied with, except for the limits on guaranteed loans in the cover pool.
Zgornje določbe o tesnih povezavah ne veljajo za: (a) tesne povezave med nasprotno stranko in osebo javnega sektorja iz EGP, ki je upravičena do odmerjanja davkov, ali kadar jamstvo za dolžniški instrument zagotavlja oseba javnega sektorja iz EGP, ki je upravičena do odmerjanja davkov; (b) krite bančne obveznice, ki so izdane v skladu z merili, določenimi v točkah 68 do 70 dela 1 Priloge VI k Direktivi 2006/48/ES; (c) primere, kjer dolžniške instrumente ščitijo posebna pravna varovala, primerljiva s tistimi pod točko (b), kakor je to v primeru: (i) netržnih hipotekarnih dolžniških instrumentov, ki niso vrednostni papirji; ali (ii) kritih bančnih obveznic, pri katerih so izpolnjena vsa merila, določena v točkah 68 do 70 dela 1 Priloge VI k Direktivi 2006/48/ES, razen omejitev glede posojil z jamstvom v kritnem skladu.
All eligible marketable and non-marketable assets must be usable in a cross-border context throughout the euro area.
Vse primerno tržno in netržno finančno premoženje mora biti uporabno v čezmejnih transakcijah v celotnem euroobmočju.
A counterparty submitting an asset-backed security which has close links to the originator of the underlying assets of the asset-backed security must inform the Eurosystem of any planned modification to that asset-backed security that could potentially have an impact on its credit quality, e.g. alteration in the interest rate due on the notes, a change in the swap agreement, changes in the composition of underlying loans not provided for in the prospectus, changes to the priority of payments.
Nasprotna stranka, ki predloži listinjen vrednostni papir in je v tesni povezavi z originatorjem finančnega premoženja, s katerim je listinjen vrednostni papir zavarovan, mora obvestiti Eurosistem o vsaki načrtovani spremembi tega listinjenega vrednostnega papirja, ki bi lahko vplivala na njegovo kreditno kvaliteto, npr. o spremembi veljavne obrestne mere za vrednostni papir, spremembi pogodbe o zamenjavi, spremembah v sestavi posojil za zavarovanje terjatev, ki niso predvidene v prospektu, ali spremembah vrstnega reda poplačila.
The Eurosystem must be given one month prior notice of any modification to be made to a submitted asset-backed security.
Eurosistem je treba obvestiti en mesec pred vsako spremembo predloženega listinjenega vrednostnega papirja.
Moreover, at the time of the asset-backed security’s submission, the counterparty should provide information on any modification that took place in the preceding six months.
Poleg tega mora nasprotna stranka ob predložitvi listinjenega vrednostnega papirja zagotoviti informacije o vseh spremembah, ki so bile izvedene v šestih mesecih pred predložitvijo.
In line with Section 6.2, the Eurosystem does not give pre-modification advice.
V skladu z oddelkom 6.2 Eurosistem ne daje pojasnil pred spremembami.
Marketable assets [7]
Tržno finančno premoženje [7]
Non-marketable assets [8]
Netržno finančno premoženje [8]
Other marketable debt instruments [9]
Drugi tržni dolžniški instrumenti [9]
The high credit standards are assessed using ECAF rules for marketable assets [9].
Izpolnjevanje visokih bonitetnih standardov se oceni s pomočjo pravil bonitetnega okvira Eurosistema za tržno finančno premoženje [9]
The creditworthiness is assessed using ECAF rules for credit claims.
Boniteta se oceni s pomočjo pravil bonitetnega okvira Eurosistema za bančna posojila.
EEA [9]
EGP [9]
Settlement/handling procedures
Postopki poravnave / upravljanja
Type of issuer/debtor/guarantors
Vrsta izdajatelja / dolžnika / garanta
Issuer [9]: EEA or non-EEA G10 countries
Izdajatelj [9]: EGP ali države skupine G10 zunaj EGP
Guarantor [9]: EEA
Garant [9]: EGP
euro area
Euroobmočje
for cross-border use: common threshold of EUR 500000.
čezmejna uporaba: enoten najmanjši dovoljeni znesek 500000 EUR.
For asset-backed securities the acquisition of the underlying assets must be governed by the law of an EU Member State.
Pri listinjenih vrednostnih papirjih mora pridobitev finančnega premoženja za zavarovanje terjatev urejati pravo države članice EU.
the mobilisation agreement
pogodbo o mobilizaciji
shall not exceed two
ne sme biti večje od dva
In Section 6.3.2, footnote 72 is deleted;
v oddelku 6.3.2 se črta opomba 72;
In Section 6.3.4.1, the following paragraph is added:
v oddelku 6.3.4.1 se doda naslednji odstavek:
‘An ECAI participating in the ECAF is subject to the Eurosystem performance monitoring process (see Section 6.3.5). Together with the performance monitoring data submitted, a signed certification from the CEO, or authorised signatory with responsibility for the audit or compliance function within the ECAI, of the ECAI confirming the accuracy and validity of the performance monitoring information shall also be submitted.’;
„Zunanja bonitetna institucija, ki sodeluje v bonitetnem okviru Eurosistema, je predmet postopka Eurosistema za spremljanje zanesljivosti (glej oddelek 6.3.5). Skupaj s podatki za spremljanje zanesljivosti je treba predložiti tudi podpisano potrdilo izvršnega direktorja zunanje bonitetne institucije ali pooblaščenega podpisnika, ki je odgovoren za funkcijo revizije ali skladnosti v zunanji bonitetni instituciji, s katerim potrjuje točnost in veljavnost informacij za spremljanje zanesljivosti.“;
In Section 6.3.4.4, the third subparagraph is replaced by the following:
v oddelku 6.3.4.4 se tretji pododstavek nadomesti z naslednjim:
Section 6.3.5 is replaced by the following:
oddelek 6.3.5 se nadomesti z naslednjim:
All credit assessment systems are subject to performance monitoring within the ECAF.
Vsi bonitetni sistemi so predmet spremljanja zanesljivosti znotraj bonitetnega okvira Eurosistema.
For each credit assessment system, the ECAF performance monitoring process consists of an annual ex-post comparison of: (a) the observed default rates for all eligible entities and instruments rated by the credit assessment system, where these entities and instruments are grouped into static pools based on certain characteristics, e.g. credit rating, asset class, industry sector, credit assessment model; and (b) the appropriate credit quality threshold of the Eurosystem given by the benchmark PD (two benchmark PDs are considered: a 0,10 % PD over a one-year horizon which is considered equivalent to a credit assessment of credit quality step 2; and a 0,40 % PD over a one-year horizon which is considered equivalent to a credit assessment of credit quality step 3 of the Eurosystem harmonised rating scale).
Postopek spremljanja zanesljivosti znotraj bonitetnega okvira Eurosistema obsega za vsak bonitetni sistem letno ex post primerjavo med: (a) dejanskimi stopnjami neplačila vseh primernih subjektov in instrumentov, ki jih bonitetni sistem ocenjuje, pri čemer so ti subjekti in instrumenti razvrščeni v statične nabore na podlagi določenih značilnosti, npr. bonitetne ocene, vrste finančnega premoženja, industrijskega sektorja, modela bonitetne ocene; in (b) ustreznim Eurosistemovim pragom kreditne kvalitete, ki ga določa referenčna vrednost verjetnosti neplačila (upoštevata se dve referenčni vrednosti verjetnosti neplačila: verjetnost neplačila 0,10 % za obdobje enega leta, ki se obravnava kot enakovredna bonitetni oceni stopnje kreditne kvalitete 2; in verjetnost neplačila 0,40 % za obdobje enega leta, ki se obravnava kot enakovredna bonitetni oceni stopnje kreditne kvalitete 3 na usklajeni lestvici bonitetnih ocen Eurosistema).
The aim of this process is to ensure that the mapping of the ratings provided by the credit assessment system to the Eurosystem harmonised rating scale remains appropriate and that the results from credit assessments are comparable across systems and sources.
Cilj tega postopka je, da se zagotovi ohranitev ustreznosti vzporejanja bonitetnih ocen, ki jih zagotavlja bonitetni sistem, z usklajeno lestvico bonitetnih ocen Eurosistema ter primerljivosti rezultatov bonitetnega ocenjevanja med različnimi sistemi in viri.
The first element of the process is the annual compilation by the credit assessment system provider of the list of entities and instruments with credit assessments that satisfy the Eurosystem credit quality threshold at the beginning of the monitoring period.
Prvi element v postopku je, da ponudnik bonitetnega sistema letno sestavi seznam subjektov in instrumentov, katerih bonitetne ocene na začetku obdobja spremljanja dosegajo Eurosistemov prag kreditne kvalitete.
This list shall then be submitted by the credit assessment system provider to the Eurosystem, using the template provided by the Eurosystem, which includes identification, classification and credit assessment related fields.
Ponudnik bonitetnega sistema nato predloži ta seznam Eurosistemu na obrazcu, ki ga predpiše Eurosistem ter vsebuje polja v zvezi z identifikacijo, klasifikacijo in bonitetno oceno.
The second element of the process takes place at the end of the 12-month monitoring period when the credit assessment system provider updates the performance data for the entities and instruments on the list.
Drugi element v postopku je na koncu 12-mesečnega obdobja spremljanja, ko ponudnik bonitetnega sistema posodobi podatke o poslovanju subjektov in instrumentov na seznamu.
The Eurosystem reserves the right to request any additional information required to conduct performance monitoring.
Eurosistem si pridržuje pravico, da zahteva vse dodatne informacije, ki jih potrebuje za spremljanje zanesljivosti.
The observed default rate of the static pools of a credit assessment system recorded over a one-year horizon serves as input to the ECAF performance monitoring process, which comprises an annual rule and a multi-period assessment.
Dejanska stopnja neplačila statičnih naborov v bonitetnem sistemu, ki je zabeležena v obdobju enega leta, služi kot izhodišče za postopek spremljanja zanesljivosti znotraj bonitetnega okvira Eurosistema, ki obsega letno obvezno ocenjevanje in večletno ocenjevanje.
In case of a significant deviation between the observed default rate of the static pools and the credit quality threshold over an annual and/or a multi-annual period, the Eurosystem consults the credit assessment system provider to analyse the reasons for that deviation.
Če se dejanska stopnja neplačila statičnih naborov v enoletnem in/ali večletnem obdobju znatno razlikuje od praga kreditne kvalitete, se Eurosistem obrne na ponudnika bonitetnega sistema, da analizira razloge za to razliko.
This procedure may result in a correction of the credit quality threshold applicable to the system in question.
Ta postopek lahko privede do popravka praga kreditne kvalitete, ki se uporablja za zadevni sistem.
The Eurosystem may decide to suspend or exclude the credit assessment system where no improvement in performance is observed over a number of years.
Eurosistem se lahko odloči, da začasno ali trajno izključi bonitetni sistem, če pri zanesljivosti v več letih ni dosegel nikakršnega napredka.
If inaccurate or incomplete information is provided by a representative of the credit assessment system for the purposes of performance monitoring, the Eurosystem may abstain from exclusion in case of minor irregularities.’;
Če zastopnik bonitetnega sistema predloži netočne ali nepopolne informacije za potrebe spremljanja zanesljivosti, lahko Eurosistem v primeru manjših nepravilnosti bonitetnega sistema ne izključi.“;
Section 6.4.2 is amended as follows:
oddelek 6.4.2 se spremeni:
table 8 is deleted;
tabela 8 se črta;
In Section 6.5.1, paragraphs (a) and (b) are replaced by the following:
v oddelku 6.5.1 se odstavka (a) in (b) nadomestita z naslednjim:
For each eligible marketable asset, the Eurosystem defines the most representative price to be used for the calculation of the market value.
Eurosistem za vsako primerno tržno finančno premoženje določi najbolj reprezentativno ceno, ki se bo uporabila pri izračunu tržne vrednosti.
In the absence of a representative price for a particular asset on the business day preceding the valuation date, the Eurosystem defines a theoretical price.’;
Če za določeno finančno premoženje na delovni dan pred datumom vrednotenja reprezentativna cena ni na voljo, Eurosistem določi teoretično ceno.“;
In Appendix 6, Section 1 is replaced by the following:
v dodatku 6 se oddelek 1 nadomesti z naslednjim:
Financial Penalties
Denarne kazni
If a counterparty infringes the rules on tender operations, bilateral transactions, the use of underlying assets, end-of-day procedures or access conditions for the marginal lending facility, the Eurosystem shall apply financial penalties as follows:
Če nasprotna stranka krši pravila za avkcije, dvostranske transakcije, uporabo finančnega premoženja za zavarovanje terjatev, postopke ob koncu dneva ali pogoje dostopa do mejnega posojila, Eurosistem naloži naslednje denarne kazni:
For infringements of rules related to tender operations, bilateral transactions and the use of underlying assets, for the first and for the second infringements that occur within a 12-month period a financial penalty shall be applied to each infringement.
v primeru prve in druge kršitve pravil, povezanih z avkcijami, dvostranskimi transakcijami in uporabo finančnega premoženja za zavarovanje terjatev, do katerih pride v obdobju 12 mesecev, se za vsako od kršitev naloži denarna kazen.
The financial penalties are calculated using the marginal lending rate that applied when the infringement began plus 2,5 percentage points.
Denarne kazni se izračunajo po obrestni meri mejnega posojila, ki je veljala ob začetku kršitve, povečani za 2,5 odstotne točke.
For infringements of rules related to tender operations and bilateral transactions, the financial penalties are calculated on the basis of the amount of collateral or cash that the counterparty could not settle, multiplied by the coefficient X/360, where X is the number of calendar days, with a maximum of seven, during which the counterparty was unable to collateralise or supply the allotted amount during the maturity of an operation.
Za kršitve pravil, povezanih z avkcijami in dvostranskimi transakcijami, se denarne kazni izračunajo na podlagi zneska zavarovanja ali zneska denarnih sredstev, ki ga nasprotna stranka ni mogla poravnati, pomnoženo s koeficientom X/360, kjer je X število koledarskih dni, največ sedem, ko nasprotna stranka ni zavarovala ali zagotovila dodeljenega zneska v obdobju do zapadlosti operacije.
A flat penalty of EUR 500 applies where the calculation results in an amount of less than EUR 500; and
Kadar je rezultat izračuna manjši od 500 EUR, se uporabi pavšalna kazen v znesku 500 EUR; in
For infringements of rules related to the use of underlying assets, the financial penalties are calculated on the basis of the amount of ineligible assets, or assets that may not be used by the counterparty, which are either: provided by the counterparty to an NCB or the ECB; or not removed by the counterparty by or before the start of the eighth calendar day following an event after which the eligible assets become ineligible or may no longer be used by the counterparty, multiplied by the coefficient X/360.
za kršitve pravil, povezanih z uporabo finančnega premoženja za zavarovanje terjatev, se denarne kazni izračunajo na podlagi vrednosti finančnega premoženja, ki je neprimerno ali ga nasprotna stranka ne sme uporabljati in: ga je nasprotna stranka zagotovila NCB ali ECB; ali ga nasprotna stranka ni umaknila najkasneje do začetka osmega koledarskega dne od trenutka, ko je primerno finančno premoženje postalo neprimerno ali ga nasprotna stranka ne sme več uporabljati, pomnoženo s koeficientom X/360.
Where X is the number of calendar days, with a maximum of seven, during which the counterparty was in breach of the rules relating to the use of underlying assets.
Pri tem je X število koledarskih dni, največ sedem, ko je nasprotna stranka kršila pravila, povezana z uporabo finančnega premoženja za zavarovanje terjatev.
A flat penalty of EUR 500 applies where the calculation results in an amount less than EUR 500.
Kadar je rezultat izračuna manjši od 500 EUR, se uporabi pavšalna kazen v znesku 500 EUR.“