natgillin/translations-raw huggingface dataset:
An integration of the Verbundbank into either Helaba or the savings banks sector was organised by the savings banks associations after it had become evident that the profitability of the Verbundbank – if run on a stand-alone basis – could be expected to be rather low, with a return on equity ranging from [2.0-3.0]% to [4.0-5.0]%.
Združenja hranilnic so vključitev Verbundbank v banko Helaba ali sektor hranilnic organizirala, ko je postalo očitno, da bo donosnost Verbundbank, če bo poslovala samostojno, predvidoma precej nizka, saj bo donosnost lastniškega kapitala znašala od [2,0–3,0] % do [4,0–5,0] %.
Reduced overhead costs and synergies stemming from the integration of the Verbundbank activities into Helaba or the savings banks sector would improve the expected profitability and bring it to an acceptable level.
Zaradi zmanjšanja splošnih stroškov in sinergij zaradi vključitve dejavnosti Verbundbank v banko Helaba ali sektor hranilnic bi se pričakovana donosnost izboljšala in povečala na sprejemljivo raven.
Sale or transfer of assets
Prodaja ali prenos sredstev
As regards those parts of WestLB that do not qualify for the Verbundbank carve-out, the June 2011 restructuring plan sets out that as many parts as possible will be sold by 30 June 2012 (signing of the contracts).
Načrt za prestrukturiranje iz junija 2011 določa, da bo čim več delov banke WestLB, ki niso primerni za izločitev v banko Verbundbank, prodanih do 30. junija 2012 (podpisovanje pogodb).
WestLB put up for sale larger entities such as the Corporates & Structured Finance and Capital Markets divisions which are WestLB's key revenue drivers, including smaller entities such as the Corporates, Structured Finance, Equity Markets, Debt Markets and Custodian Services business units, which can all be bought along with their respective electronic data processing systems and infrastructure, if required.
WestLB je začela prodajati večje enote, kot sta oddelka za podjetja in strukturne finance ter kapitalske trge, ki ji prinašata največ prihodkov, vključno z manjšimi enotami, kot so poslovne enote za podjetja, strukturne finance, trge lastniških vrednostnih papirjev, dolžniške trge in skrbniške storitve, ki jih je po potrebi mogoče kupiti skupaj z njihovimi sistemi za elektronsko obdelavo podatkov in infrastrukturo.
WestLB will evaluate offers based on a range of criteria, including the sales price and respective adjustment clauses, the effects of a sale on WestLB's balance sheet and profit & loss statement, the soundness of the offers as regards, for example, financing concepts and transaction experience of the buyer, legal aspects of a transaction, and the replenishment of the EAA.
WestLB bo ponudbe ovrednotila na podlagi več meril, vključno s prodajno ceno in ustreznimi določbami o prilagoditvi, učinki prodaje na bilanco stanja ter izkaz poslovnega izida banke WestLB, ustreznostjo ponudb na primer glede konceptov financiranja in izkušenj kupca s transakcijami, pravnih vidikov transakcije in dopolnitve banke EAA.
On 30 June 2012 all of WestLB's assets and liabilities that have not yet been sold or have not been transferred to the Verbundbank will be transferred to the EAA.
Vsa sredstva in obveznosti banke WestLB, ki še ne bodo prodana ali prenesena na Verbundbank, bodo 30. junija 2012 prenesena na banko EAA.
The applicable legal framework [40] allows for a subsequent replenishment of the EAA, provided that – among other things – sufficient equity is available, all inherent risks of the assets are disclosed and a detailed wind-down plan has been submitted.
Veljavni pravni okvir [40] poznejšo dopolnitev banke EAA dopušča, če je med drugim na voljo dovolj lastniškega kapitala, če se razkrijejo vsa tveganja, povezana s sredstvi, in predloži podroben načrt likvidacije.
The transfer methods for the second asset transfer will follow those which were already applied in December 2009 and April 2010 when the first two tranches of WestLB's first asset transfer were transferred to the EAA.
Pri drugem prenosu sredstev bodo uporabljene podobne metode, kot so bile uporabljene že decembra 2009 in aprila 2010, ko sta bili na EAA preneseni prvi tranši prvega prenosa sredstev banke WestLB.
Again, the split-off will be the preferred transfer method, and only if other appropriate transfer methods such as sale or sub-participation are not legally or technically possible or entail commercially unreasonable risks will a physical transfer be replaced by a synthetic transfer of underlying risks.
Tudi v tem primeru bo prednostna metoda prenosa odcepitev, fizični prenos pa bo nadomeščen z umetnim prenosom povezanih tveganj samo, če bodo druge ustrezne metode prenosa, na primer prodaja ali soudeležba, pravno ali tehnično nemogoče ali bodo povzročile gospodarsko nerazumna tveganja.
The aim of the transfer is to ensure that WestLB or SPM bank, as the case may be, will not engage in new banking business (except for business written in connection with its servicing activities) and will no longer be exposed to any credit or market risk on own account to be covered by a regulatory minimum of equity on the basis of the currently applicable regulatory framework [41].
Cilj prenosa je zagotoviti, da WestLB ali banka SPM ne bo sklepala novih bančnih poslov (razen poslov v zvezi z dejavnostmi upravljanja) in ne bo več izpostavljena bonitetnim ali tržnim tveganjem na lasten račun, ki bi jih bilo treba kriti z regulativnim minimalnim lastniškim kapitalom na podlagi trenutno veljavnega regulativnega okvira [41].
As regards the valuation of assets and liabilities, the transfer will take place at risk-adequate book values, meaning […].
Glede vrednotenja sredstev in obveznosti bo prenos potekal po knjigovodskih vrednostih, ki ustrezajo tveganju, kar pomeni […].
After 30 June 2012 WestLB will not engage in new banking business (except for business written in connection with its servicing activities) and will give up its brand name WestLB and be rebranded SPM bank (preliminary working title).
Banka WestLB po 30. juniju 2012 ne bo sklepala novih bančnih poslov (razen poslov, povezanih z dejavnostmi upravljanja), ne bo uporabljala blagovne znamke WestLB in se bo preimenovala v banko SPM (predhodni delovni naziv).
WestLB will be transformed into a unit which for winding down purposes holds legacy positions commercially transferred to the EAA and takes care of the remaining staff, and a servicing platform which will only provide asset management services.
Banka WestLB bo preoblikovana v enoto, ki ima zaradi likvidacije v lasti podedovane pozicije, ki so bile komercialno prenesene na EAA, in skrbi za preostalo osebje, ter v platformo za upravljanje, ki bo zagotavljala samo storitve na področju upravljanja sredstev.
Essentially SPM bank will become a holding company (hereinafter called "SPM bank holding") that is planned to have two subsidiaries, SPM Betriebsgesellschaft and SPM Servicegesellschaft, a servicing company (hereinafter called "the servicing company").
Banka SPM bo postala holding (v nadaljnjem besedilu: holding banke SPM), ki naj bi imel dve hčerinski družbi, SPM Betriebsgesellschaft in SPM Servicegesellschaft, tj. družbo za upravljanje (v nadaljnjem besedilu: družba za upravljanje).
Assets that can not be physically transferred to the EAA for tax, legal or regulatory reasons will only be synthetically transferred.
Sredstva, ki jih zaradi davčnih, pravnih ali regulativnih razlogov ni mogoče fizično prenesti, se prenesejo samo umetno.
Such assets will be held on the balance sheets of SPM bank holding or of SPM Betriebsgesellschaft, but not of SPM Servicegesellschaft.
Taka sredstva se vključijo v bilance stanja holdinga banke SPM ali SPM Betriebsgesellschaft, ne pa v bilanco stanja SPM Servicegesellschaft.
After completion of the replenishment, WestLB or SPM bank, as the case may be, will not hold any risk-weighted assets for credit and market risks [42] and only a comparatively small amount of risk-weighted assets in order to cover regulatory capital requirements for purely operational risks (less than EUR 1 billion, if calculated on a Basic Indicator Approach) [43].
WestLB ali banka SPM, odvisno od okoliščin, po koncu dopolnitve ne bo imela v lasti tveganju prilagojene aktive za bonitetna ali tržna tveganja [42], ampak samo razmeroma majhno količino tveganju prilagojene aktive, ki bo namenjena za kritje regulativnih kapitalskih zahtev za povsem operativna tveganja (manj kot 1 milijardo EUR, če se za izračun uporabi enostavni pristop) [43].
SPM Betriebsgesellschaft will hold the remaining pension obligations towards WestLB's current and former employees.
SPM Betriebsgesellschaft bo imela v lasti preostale pokojninske obveznosti do sedanjih in nekdanjih zaposlenih banke WestLB.
The main task of SPM holding/SPM Betriebsgesellschaft will be to reduce staff from the current level of approximately 4400 employees to 1400 in 2016, of which 1000 will be in the servicing company, and to shut down dispensable locations and systems.
Glavni nalogi holdinga SPM/SPM Betriebsgesellschaft bosta zmanjšanje števila osebja s sedanjih 4400 zaposlenih na 1400 v letu 2016, od katerih jih bo 1000 zaposlenih v družbi za upravljanje, ter zaprtje nepotrebnih lokacij in sistemov.
SPM Betriebsgesellschaft will provide only basic non-core services, e.g. maintenance of buildings and offices.
SPM Betriebsgesellschaft bo zagotavljala samo osnovne stranske storitve, na primer vzdrževanje stavb in pisarn.
The servicing company will be spun off between 1 January 2012 and 31 December 2014 to provide asset management services for WestLB's remaining assets and liabilities.
Družba za upravljanje bo izločena v novo podjetje med 1. januarjem 2012 in 31. decembrom 2012, da bi zagotavljala storitve na področju upravljanja sredstev za preostala sredstva in obveznosti banke WestLB.
The fact that portfolios of assets have been transferred to the EAA (and the Verbundbank) creates a need for asset management services, as neither the EAA nor the Verbundbank can carry out the servicing of the portfolios on their own.
Storitve na področju upravljanja sredstev so potrebne, ker so bili portfelji sredstev preneseni na banko EAA (in Verbundbank), pri čemer EAA in Verbundbank ne moreta sami upravljati portfeljev.
The servicing company will offer those services to the EAA (and the Verbundbank) at usual commercial rates.
Družba za upravljanje bo te storitve opravljala za EAA (in Verbundbank) po običajnih prodajnih cenah.
All limitations on the business model of the servicing company (see also recitals 80 to 85) will end after the sale of the servicing company.
Vse omejitve glede poslovnega modela družbe za upravljanje (glej tudi uvodne izjave od 80 do 85) bodo prenehale veljati po prodaji te družbe.
SPM holding or its subsidiaries will hold all banking licences that are still required for their activities.
Holding SPM ali hčerinski družbi holdinga bodo imeli v lasti vsa dovoljenja za opravljanje bančnih storitev, ki so še potrebna za njihove dejavnosti.
Germany commits that the scope and the number of banking licences is, however, restricted to the minimum necessary for the provision of asset management services.
Nemčija se zavezuje, da obseg in število dovoljenj za opravljanje bančnih storitev ne presegata minimalnih potreb za zagotavljanje storitev na področju upravljanja sredstev.
Significant parts of the EAA portfolios are and will have to remain booked in overseas branches.
Znatni deli portfeljev EAA so in bodo ostali vknjiženi v poslovalnicah v tujini.
As of 31 October 2011, WestLB had exposures in New York of approximately EUR [5-15] billion, in London of approximately EUR [15-25] billion, and in Asia of approximately EUR [5-10] billion. A physical transfer to the EAA of those portfolios was in the context of the first asset transfer for tax, legal or regulatory reasons either not possible or economically unreasonable and therefore could only happen synthetically.
Izpostavljenosti banke WestLB so 31. oktobra 2011 v New Yorku znašale približno [5–15] milijard EUR, v Londonu približno [15–25] milijard EUR, v Aziji pa približno [5–10] milijard EUR. Med prvim prenosom sredstev je bil fizični prenos teh portfeljev na EAA zaradi davčnih, pravnih ali regulativnih razlogov nemogoč ali ekonomsko nerazumen, zato ga je bilo mogoče izvesti samo umetno.
Those assets will be held by SPM holding or SPM Betriebsgesellschaft, partly in overseas branches or subsidiaries.
Ta sredstva bo imel v lasti holding SPM ali SPM Betriebsgesellschaft, delno v poslovalnicah ali hčerinskih družbah v tujini.
Germany explains that overseas branches or subsidiaries cannot immediately be closed, but commits that SPM holding or SPM Betriebsgesellschaft will close all oversees branches or subsidiaries before the end of 2016, unless the closure is prevented by reasons of bank regulatory requirements.
Nemčija pojasnjuje, da poslovalnic ali hčerinskih družb v tujini ni mogoče zapreti takoj, vendar se zavezuje, da bo holding SPM ali SPM Betriebsgesellschaft vse poslovalnice ali hčerinske družbe v tujini zaprl pred koncem leta 2016, razen če to ne bo možno zaradi bančnih regulativnih zahtev.
Moreover, the servicing company will need to adequately service those portfolios.
Poleg tega bo morala družba za upravljanje te portfelje ustrezno upravljati.
In order to preserve know-how for asset management, the servicing company will run a branch in New York, in London, and in one location in Asia.
Da bi se ohranili strokovno znanje in izkušnje na področju upravljanja sredstev, bo družba za upravljanje imela poslovalnice v New Yorku, Londonu in na eni lokaciji v Aziji.
Approximately one-third of the employees expected to work for the servicing company will work in one of the overseas branches.
Približno tretjina zaposlenih, ki naj bi delali za družbo za upravljanje, bo delala v eni od poslovalnic v tujini.
The Commission thus understands that after a sale of the servicing company, SPM bank will after 2016 no longer have any overseas branches or subsidiaries, unless individual closures are prevented by reasons of bank regulatory requirements.
Komisija zato razume, da banka SPM po prodaji družbe za upravljanje po letu 2016 ne bo več imela poslovalnic ali hčerinskih družb v tujini, razen če posameznih poslovalnic ali hčerinskih družb ne bo mogoče zapreti zaradi bančnih regulativnih zahtev.
The proceeds from those activities, however, must not exceed [40-60]% of the total gross revenues of the servicing company.
Prihodki iz teh dejavnosti pa ne smejo presegati [40–60] % vseh bruto prihodkov družbe za upravljanje.
That limitation will end after the sale of the servicing company.
Ta omejitev velja do prodaje družbe za upravljanje.
The servicing company is expected to generate a moderate return on sales of approximately [8-12]% which should be just sufficient to enable its marketability [44].
Od družbe za upravljanje se pričakuje srednja donosnost prodaje približno [8–12] %, kar bi moralo zadostovati za tržljivost družbe [44].
The profit-and-loss calculation on which the profitability of the servicing company was assessed points out that until 2016 significant cost cuttings have to be achieved [45].
V izračunu dobička in izgube, na podlagi katerega je bila ocenjena donosnost družbe za upravljanje, je poudarjeno, da je treba do leta 2016 znatno znižati stroške [45].
If, however, SPM bank does not sell the servicing company by 31 December 2016, Germany commits that the servicing company will be wound down.
Nemčija se zavezuje, da bo družba za upravljanje likvidirana, če je banka SPM ne bo prodala do 31. decembra 2016.
In that case all existing contractual obligations will be terminated by 31 December 2017, which is the final date for the phase-out period of the servicing company (if not sold).
V tem primeru bodo vse obstoječe pogodbene obveznosti prenehale veljati do 31. decembra 2017, tj. konca obdobja postopnega prenehanja družbe za upravljanje (če ne bo prodana).
COMMITMENTS BY GERMANY
ZAVEZE NEMČIJE
In addition to the June 2011 restructuring plan Germany has submitted a catalogue of commitments (see the Annex to the present Decision), which can be summarised as follows:
Nemčija je poleg načrta prestrukturiranja iz junija 2011 predložila seznam zavez (glej Prilogo k temu sklepu), ki je povzet v nadaljevanju:
BRAND NAME
BLAGOVNA ZNAMKA:
As regards the brand name WestLB, Germany commits that the brand name WestLB will no longer be used after 30 June 2012 (a three-month grace period may apply if it proves necessary for technical reasons).
Nemčija se glede blagovne znamke WestLB zavezuje, da se po 30. juniju 2012 ne bo več uporabljala (velja lahko trimesečno obdobje odloga, če bo to potrebno zaradi tehničnih razlogov).
Germany commits that the Verbundbank's business activities are restricted to what has been listed in the June 2011 restructuring plan until 31 December 2016, unless the Verbundbank is merged with another Landesbank before 31 December 2016.
Nemčija se zavezuje, da so poslovne dejavnosti Verbundbank do 31. decembra 2016 omejene na dejavnosti, navedene v načrtu prestrukturiranja iz junija 2011, razen če se Verbundbank pred 31. decembrom 2016 združi z drugo deželno banko.
Germany commits that NRW will in future not buy any shares of the Verbundbank or provide any other form of financial support to it.
Nemčija se zavezuje, da NRW v prihodnosti ne bo kupovala delnic Verbundbank ali ji zagotavljala druge oblike finančne podpore.
Germany commits that a stand-alone spin-off of the Verbundbank will no longer be pursued and that the Verbundbank's assets and liabilities will be taken over by the savings banks sector before 30 June 2012.
Nemčija se zavezuje, da samostojna izločitev banke Verbundbank v novo podjetje ne bo izvedena, njena sredstva in obveznosti pa bo pred 30. junijem 2012 prevzel sektor hranilnic.
Germany commits that all parties will implement the obligations resulting from the Eckpunktevereinbarung without modification or delay, so that, based particularly on the subject of the transaction and the assessment that the entity has a company value of zero, sufficient transaction security is ensured and the disposal of the Verbundbank takes place by 30 June 2012t.
Nemčija se zavezuje, da bodo vse strani brez sprememb ali zamud izvajale obveznosti iz Eckpunktevereinbarung, s čimer bo zlasti na podlagi predmeta transakcije in ocene, da je vrednost podjetja enaka nič, zagotovljena zadostna varnost transakcije, Verbundbank pa bo prodana do 30. junija 2012.
Germany commits that Landesbank Hessen-Thüringen (Helaba) intends, in the event of a favourable outcome to the due diligence, to be available to take over the Verbundbank
Nemčija se zavezuje, da bo Landesbank Hessen-Thüringen (Helaba) v primeru pozitivnega izida skrbnega pregleda pripravljena prevzeti Verbundbank.
Germany commits that SPM bank will limit its activities to the following services:
Nemčija se zavezuje, da bo banka SPM omejila svoje dejavnosti na naslednje storitve:
Servicing of portfolios of the EAA, the Verbundbank and third parties, if needed, including workout management, clearing of securities, processing and utilization, credit evaluation, credit management and credit surveillance, credit risk controlling, regulatory reporting, management of collaterals of corporates including the respective data management, management of market risks, IT and back-office services, funding, hedging, cash-management, financial reporting, controlling, compliance, and management of participations.
upravljanje portfeljev banke EAA, Verbundbank in tretjih oseb po potrebi, vključno z upravljanjem slabih posojil, kliringom vrednostnih papirjev, obdelavo in uporabo, bonitetnim ocenjevanjem, upravljanjem in nadzorom posojil, nadzorom bonitetnih tveganj, regulativnim poročanjem, upravljanjem poslovnih zavarovanj z ustreznim upravljanjem podatkov, upravljanjem tržnih tveganj, storitvami IT in zalednimi storitvami, financiranjem, zavarovanjem, vodenjem gotovinskega poslovanja, finančnim poročanjem, preverjanjem, skladnostjo in upravljanjem deležev;
In the case of assets that have been transferred synthetically to the EAA, the EEA can as part of its winding down strategy also carry out, in particular, extensions, sales or securitisations of such assets; in these cases SPM bank will operate only on behalf and by order of the EAA [46].
EAA lahko v primeru sredstev, ki so se nanjo umetno prenesla, kot del svoje likvidacijske strategije izvaja zlasti širitve, prodaje ali listinjenja takšnih sredstev; v takih primerih bo banka SPM delovala samo v imenu EAA in po njenih navodilih [46].
Germany has provided a description of required banking licences and a commitment that all other banking licences will be returned by 31 December 2012.
Nemčija je predložila opis zahtevanih dovoljenj za opravljanje bančnih storitev in se zavezala, da bodo vsa dovoljenja vrnjena do 31. decembra 2012.
Germany commits that SPM bank will respect certain conditions when it offers services to third parties.
Nemčija se zavezuje, da bo banka SPM pri opravljanju storitev za tretje osebe upoštevala določene pogoje.
The volume of third party business must not exceed [40-60]% of its total gross revenues.
Obseg poslovanja s tretjimi osebami ne sme presegati [40–60] % skupnih bruto prihodkov banke.
Third party contracts will only be provided by a separate entity (the servicing company that will have to be carved out) which will hold a banking licence limited to the minimum required.
Pogodbe s tretjimi osebami bo zagotavljal samo ločen subjekt (družba za upravljanje, ki jo bo treba izločiti v novo podjetje), ki bo imel dovoljenje za upravljanje bančnih storitev, omejeno na najnižjo potrebno stopnjo.
If the sale of the servicing company does not take place by the due date, Germany will ensure that with effect from 31 December 2017 all activities of the servicing company will be stopped or transferred.
Če družba za upravljanje ne bo prodana do roka, bo Nemčija zagotovila, da bodo z učinkom od 31. decembra 2017 vse dejavnosti družbe za upravljanje prenehale ali bodo prenesene.
If the sale of the servicing company is successful all limitations on the business activities of the servicing company will be lifted.
Če bo prodaja družbe za upravljanje uspešna, bodo vse omejitve poslovnih dejavnosti družbe za upravljanje odpravljene.
Germany commits that the following services will, in particular, not be provided by SPM bank: proprietary trading, emission of certificates of all kinds, project finance and trade financing, asset-based finance, securitisations and syndicated loans, and international corporate banking.
Nemčija se zavezuje, da banka SPM ne bo zagotavljala zlasti naslednjih storitev: trgovanja za lastni račun, izdajanja vseh vrst certifikatov, financiranja projektov in trgovine, storitev na področju finančnih sredstev, zavarovanih s premoženjem, listinjenj in sindiciranih posojil ter mednarodnih bančnih storitev za podjetja.
For synthetically transferred assets guaranteed by the EAA, SPM bank is the lender of record, which may require SPM bank to extend loans, to sell loans or perform securitisations, but it may only do so if those actions are requested by the EAA.
Banka SPM je posojilodajalka za umetno prenesena sredstva, za katera jamči EAA, zato se lahko od nje zahteva odobritev posojil, njihova prodaja ali listinjenje, vendar le na zahtevo EAA.
Germany commits that SPM bank will offer its asset management services only at fair market prices, and that the rates offered will be sufficient to cover the full costs of the servicing company.
Nemčija se zavezuje, da bo banka SPM svoje storitve na področju upravljanja sredstev opravljala po ustreznih tržnih cenah, ponujene cene pa bodo zadostovale za kritje vseh stroškov družbe za upravljanje.
Germany commits that SPM bank will after 2016 no longer have any overseas branches or subsidiaries, unless individual closures are prevented by reasons of bank regulatory requirements.
Nemčija se zavezuje, da banka SPM po letu 2016 ne bo več imela poslovalnic ali hčerinskih družb v tujini, razen če posamezna zaprtja ne bodo možna zaradi bančnih regulativnih zahtev.