natgillin/translations-raw huggingface dataset:
A purchaser is independent of Germany if, at the time of reprivatisation, Germany cannot directly or indirectly exercise sole or joint control within the meaning of Article 3 of the Merger Regulation (EC) No 139/2004 over the purchaser.
Kupec je neodvisen od Nemčije, če v času ponovne privatizacije Nemčija nad kupcem ne more neposredno ali posredno izvajati izključnega ali skupnega nadzora v smislu člena 3 Uredbe o združitvah št. 139/2004.
A purchaser is independent of HRE if, at the time of reprivatisation, HRE holds no direct or indirect shares in the purchaser and also has no other links with the purchaser under company law.
Kupec je neodvisen od banke HRE, če v času ponovne privatizacije banka HRE nima v lasti neposrednih ali posrednih deležev kupca in nima nobenih drugih povezav s kupcem na podlagi prava družb.
The purchaser must be approved by the Commission.
Kupca mora odobriti Komisija.
Economically sustainable conditions for reprivatisation exist if the proceeds of the reprivatisation represent:
Gospodarsko trajnostni pogoji za ponovno privatizacijo obstajajo, če prihodki v okviru ponovne privatizacije predstavljajo
up to 31 December 2013, not less than [80–100] %; or
do 31. decembra 2013 najmanj [80–100] % ali
up to 31 December 2014, not less than [80–100] %
do 31. decembra 2014 najmanj [80–100] %
of the sum of all payments, amounting to a maximum of EUR 10,23 billion, which the Sonderfonds Finanzmarktstabilisierung (‘SoFFin’) has paid or has yet to pay in accordance with the decision of the European Commission:
zneska vseh plačil v višini največ 10,23 milijarde EUR, ki jih je sklad Sonderfonds Finanzmarktstabilisierung (v nadaljnjem besedilu: sklad SoFFin) v skladu s sklepom Evropske komisije plačal ali še bo plačal
to third parties for the purchase of shares in HRE; and
tretjim strankam za nakup delnic banke HRE in
to HRE in the context of carrying out recapitalisation measures.
banki HRE v okviru izvajanja ukrepov dokapitalizacije.
If reprivatisation has not taken place by 31 December 2014, it will be effected by 31 December 2015 irrespective of the proceeds achievable.
Če ponovna privatizacija ni izvedena do 31. decembra 2014, se izvrši do 31. decembra 2015 ne glede na dosegljiv prihodek.
If reprivatisation has not taken place by 31 December 2015, a Divestiture Trustee will be appointed with the remit of completing reprivatisation irrespective of the proceeds achievable.
Če ponovna privatizacija ni izvedena do 31. decembra 2015, bo imenovan fiduciar za odsvojitev, ki bo dokončal ponovno privatizacijo ne glede na dosegljiv prihodek.
The appointment, duties, responsibilities and discharge of the Divestiture Trustee must follow the procedures set out in the ‘Trustees’ annex.
Imenovanje in razrešitev fiduciarja za odsvojitev ter njegove dolžnosti in odgovornosti se morajo izvajati v skladu s postopki iz priloge „Fiduciarji“.
Germany will ensure that the cumulative book values of the interest-bearing assets (‘interest-bearing assets’) in the PBB sub-group's strategic business lines of real estate finance and public investment finance, which at 31 December 2010 together amounted to EUR 34,3 billion, do not exceed EUR [30–50] billion at 31 December 2011, EUR [40–60] billion at 31 December 2012, EUR [40–60] billion at 31 December 2013, EUR [40-60] billion at 31 December 2014 and EUR [60–90] billion at 31 December 2015. The interest-bearing assets of the two strategic business lines may be subdivided as follows:
Nemčija bo zagotovila, da kumulativna knjigovodska vrednost sredstev, ki se obrestujejo (v nadaljnjem besedilu: sredstva, ki se obrestujejo), v strateških poslovnih linijah podskupine banke PBB na področju financiranja nepremičnin in financiranja javnih naložb, ki je 31. decembra 2010 skupaj znašala 34,3 milijarde EUR, 31. decembra 2011 ne bo presegla [30–50] milijard EUR, 31. decembra 2012 [40–60] milijard EUR, 31. decembra 2013 [40–60] milijard EUR, 31. decembra 2014 [40–60] milijard EUR in 31. decembra 2015 [60–90] milijard EUR. Obresti teh dveh strateških poslovnih linij, ki se obrestujejo, se lahko nadalje razdelijo na naslednji način:
Real estate finance business line EUR [20–40] billion up to 31 December 2011, EUR [20–40] billion up to 31 December 2012, EUR [20–40] billion up to 31 December 2013, EUR [30–50] billion up to 31 December 2014 and EUR [30–50] billion up to 31 December 2015.
poslovna linija financiranja nepremičnin [20–40] milijard EUR do 31. decembra 2011, [20–40] milijard EUR do 31. decembra 2012, [20–40] milijard EUR do 31. decembra 2013, [30–50] milijard EUR do 31. decembra 2014 in [30–50] milijard EUR do 31. decembra 2015;
Public investment finance business line EUR [10–25] billion up to 31 December 2011, EUR [10–25] billion up to 31 December 2012, EUR [10–25] billion up to 31 December 2013, EUR [10–25] billion up to 31 December 2014 and EUR [10–25] billion up to 31 December 2015.
poslovna linija financiranja javnih naložb [10–25] milijard EUR do 31. decembra 2011, [10–25] milijard EUR do 31. decembra 2012, [10–25] milijard EUR do 31. decembra 2013, [10–25] milijard EUR do 31. decembra 2014 in [10–25] milijard EUR do 31. decembra 2015.
The cumulative book values of the interest-bearing assets in the PBB sub-group's strategic business lines of real estate finance and public investment finance are based on new business as follows:
Kumulativna knjigovodska vrednost sredstev, ki se obrestujejo, v strateških poslovnih linijah podskupine PBB na področju financiranja nepremičnin in financiranja javnih naložb temelji na novih dejavnostih, kot sledi:
In the real estate finance business line the annual new business is limited to EUR [9–15] billion in 2011, EUR [9–15] billion in 2012, EUR [7-16] billion in 2013, EUR [5–16] billion in 2014 and EUR [5-16] billion in 2015.
v poslovni liniji financiranja nepremičnin so nove dejavnosti letno omejene na [9–15] milijard EUR v letu 2011, [9–15] milijard EUR v letu 2012, [7–16] milijard EUR v letu 2013, [5–16] milijard EUR v letu 2014 in [5–16] milijard EUR v letu 2015;
In the public investment finance business line the annual new business is limited to EUR [1–5] billion in 2011, EUR [1–5] billion in 2012, EUR [1-6] billion in 2013, EUR [1–7] billion in 2014 and EUR [1–7] billion in 2015.
v poslovni liniji financiranja javnih naložb so nove dejavnosti letno omejene na [1–5] milijard EUR v letu 2011, [1–5] milijard EUR v letu 2012, [1–6] milijard EUR v letu 2013, [1–7] milijard EUR v letu 2014 in [1–7] milijard EUR v letu 2015.
If the upper limits for the volume of new business as set out in 4(ii)a) and 4(ii)b) are not reached, this new business can be made up in the following years.
Če zgornje omejitve obsega novih dejavnosti iz točke 4(ii)(a) in (b) niso dosežene, se lahko te nove dejavnosti nadoknadijo v nadaljnjih letih.
Compliance with the upper limits as set out in paragraph 4(i) and paragraph 4(ii) is obligatory.
Skladnost z zgornjimi omejitvami iz odstavka 4(i) in (ii) je obvezna.
Deviations from those limits are permissible as described below:
Odstopanja od teh omejitev so dopustna, kot je opisano v nadaljevanju:
Within the limits for the total amount of interest-bearing assets for both of the PBB sub-group's strategic business lines as set out in paragraph 4(i) and for new business as set out in paragraph 4(ii), PBB may offset growth that has not been achieved in one business line with additional growth in the other business line.
v okviru omejitev za skupni znesek sredstev, ki se obrestujejo, za obe strateški poslovni liniji podskupine banke PBB, kot je navedeno v odstavku 4(i), in za nove dejavnosti, kot je navedeno v odstavku 4(ii), lahko banka PBB rast, ki ni bila dosežena v eni poslovni liniji, kompenzira z rastjo v drugi poslovni liniji.
The precondition for utilisation of this option is that, in the public investment finance business line, annual new business amounting to a minimum of EUR [1–4] billion and a maximum of EUR [1–4] billion must have been concluded in the years 2011 to 2013 and a minimum of EUR [1–4] billion and a maximum of EUR [1–4] billion in the years 2014 and 2015.
Predpogoj za uporabo te možnosti je, da so v poslovni liniji financiranja javnih naložb nove letne dejavnosti, ki znašajo najmanj [1–4] milijarde EUR in največ [1–4] milijarde EUR, zaključene v letih 2011 do 2013, ter nove letne dejavnosti, ki znašajo najmanj [1–4] milijarde EUR in največ [1–4] milijarde EUR, v letih 2014 in 2015;
If the asset portfolios in one of the business lines are run down to a greater extent than was originally planned, the difference may be compensated for by new business of that magnitude, provided that the cumulative book values for interest-bearing assets in the relevant business line, as set out in paragraph 4(i), continue to be maintained and provided that the values for new business as set out in paragraph 4(ii) are exceeded by not more than a maximum of [7–11] % per year.
če so portfelji sredstev v eni od poslovnih linij bolj izčrpani, kakor je bilo prvotno načrtovano, se lahko ta razlika kompenzira z novo dejavnostjo enakega obsega, če se kumulativno knjigovodsko vrednost v zadevni poslovni liniji za sredstva, ki se obrestujejo, kot je navedeno v odstavku 4(i), še naprej ohranja in če vrednosti za novo dejavnost, kot je navedeno v odstavku 4(ii), niso presežene za več kot [7–11] % na leto.
Germany will ensure that the PBB sub-group's corrected IFRS group balance sheet (‘corrected IFRS group balance sheet’), which amounted to EUR 112,6 billion at 31 December 2010, does not exceed EUR 107,0 billion at 31 December 2011, EUR 105,0 billion at 31 December 2012, EUR 105,0 billion at 31 December 2013, EUR 103,0 billion at 31 December 2014 and EUR 107,0 billion at 31 December 2015.
Nemčija bo zagotovila, da popravljena bilanca stanja skupine, pripravljena v skladu z mednarodnim standardom računovodskega poročanja (v nadaljnjem besedilu: popravljena bilanca stanja skupine po MSRP) za podskupino banke PBB, ki je 31. decembra 2010 znašala 112,6 milijarde EUR, 31. decembra 2011 ne bo presegla 107,0 milijarde EUR, 31. decembra 2012 105,0 milijarde EUR, 31. decembra 2013 105,0 milijarde EUR, 31. decembra 2014 103,0 milijarde EUR in 31. decembra 2015 107,0 milijarde EUR.
Germany will ensure that the PBB sub-group's corrected strategic IFRS balance sheet (‘corrected strategic IFRS group balance sheet’), which amounted to EUR 64,7 billion at 31 December 2010, does not exceed EUR 67,0 billion at 31 December 2011, EUR 71,0 billion at 31 December 2012, EUR 75,0 billion at 31 December 2013, EUR 79,0 billion at 31 December 2014 and EUR 86,0 billion at 31 December 2015.
Nemčija bo zagotovila, da popravljena strateška bilanca stanja skupine, pripravljena v skladu z mednarodnim standardom računovodskega poročanja (v nadaljnjem besedilu: popravljena strateška bilanca stanja skupine po MSRP) za podskupino banke PBB, ki je 31. decembra 2010 znašala 64,7 milijarde EUR, 31. decembra 2011 ne bo presegla 67,0 milijarde EUR, 31. decembra 2012 71,0 milijarde EUR, 31. decembra 2013 75,0 milijarde EUR, 31. decembra 2014 79,0 milijarde EUR in 31. decembra 2015 86,0 milijarde EUR.
The new business of the PBB sub-group will encompass all newly concluded nominal volumes (without prolongation or restructuring) in interest-bearing assets in the strategic business lines of real estate finance and public investment finance.
Nove dejavnosti podskupine banke PBB bodo obsegale vse na novo sklenjene nominalne obsege (brez podaljševanja ali prestrukturiranja) sredstev, ki se obrestujejo, v strateških poslovnih linijah financiranja nepremičnin in financiranja javnih naložb.
Syndications, which must normally be effected/transferred within six months, can only be initiated with the part which remains the property of PBB.
Sindiciranje, ki mora biti običajno izvedeno/preneseno v roku 6 mesecev, se lahko prične samo pri delu, ki ostaja v lasti banke PBB.
The corrected IFRS group balance sheet corresponds to the IFRS group balance sheet of the PBB sub-group, corrected for the one-off and pass-through effects stemming from the transfer of non-strategic assets to the winding-up institution FMS-WM.
Popravljena bilanca stanja skupine po MSRP ustreza bilanci stanja skupine po MSRP podskupine PBB, popravljeni za enkratni učinek in učinek prehajanja zaradi prenosa nestrateških sredstev na slabo banko FMS-WM.
This relates, for instance, to ECB funding of the winding-up institution or upgrades to the transfer channels which have not yet been implemented, e.g. back-to-back instead of novation for derivatives.
To je povezano, na primer, s financiranjem slabe banke s strani ECB ali nadgradnjami prenosnih kanalov, ki še niso bili izvedeni, npr. kritnih posojil namesto prenove izvedenih finančnih instrumentov.
In addition to the assets required for proper running of the bank, the PBB sub-group's corrected IFRS group balance sheet contains:
Poleg sredstev, potrebnih za pravilno delovanje banke, popravljena bilanca stanja skupine po MSRP podskupine PBB obsega
the interest-bearing assets of the strategically relevant portfolio (real estate finance, public investment finance) (paragraph 4(i));
sredstva, ki se obrestujejo, strateško pomembnega portfelja (financiranje nepremičnin, financiranje javnih naložb (odstavek 4(i));
the interest-bearing assets of the non-strategic budget finance portfolio which runs off onto the balance sheet; and
sredstva, ki se obrestujejo, nestrateškega portfelja financiranja proračuna, ki se odliva na bilanco stanja, in
the assets which were transferred to the winding-up institution synthetically, but without transfer of beneficial ownership and therefore without derecognition from the PBB balance sheet, which are entered in PBB's mortgage cover pool.
sredstva, ki so bila umetno prenesena na slabo banko, vendar brez prenosa upravičenega lastništva in zato brez pripoznanja na bilanci stanja banke PBB, ki se vneseta v hipotekarno krito premoženje banke PBB.
The corrected strategic IFRS group balance sheet corresponds to the corrected IFRS group balance sheet (paragraph 4(vii)), minus
Popravljena strateška bilanca stanja po MSRP ustreza popravljeni bilanci stanja po MRSP (odstavek 4(vii)), brez
the interest-bearing assets of the non-strategic budget finance portfolio which runs off onto PBB's balance sheet (paragraph 4(vii)(b)); and
sredstev, ki se obrestujejo, nestrateškega portfelja financiranja proračuna, ki se odliva na bilanco stanja banke PBB (odstavek 4(vii)b)); in
the assets which were transferred to the winding-up institution synthetically but without transfer of beneficial ownership and therefore without derecognition from the PBB balance sheet, which are entered in PBB's mortgage cover pool (paragraph 4(vii)(c)).
sredstev, ki so bila umetno prenesena na slabo banko, vendar brez prenosa upravičenega lastništva in zato brez pripoznanja na bilanci stanja banke PBB, ki se vneseta v hipotekarno krito premoženje banke PBB (odstavek 4(vii)c)).
Germany will ensure that the PBB sub-group has suitable accounting or financial reporting structures to enable compliance with these commitments to be monitored.
Nemčija bo zagotovila, da ima podskupina banke PBB ustrezne računovodske strukture ali strukture finančnega poročanja, ki bodo omogočile skladnost s temi zavezami, ki jih je treba spremljati.
The figures in paragraphs 4(i), 4(iv) and 4(v) may be corrected for non-taxable effects such as changes to the valuation standards.
Številke v odstavkih 4(i), (iv) in (v) se lahko popravijo za neobdavčene učinke, kot so spremembe standardov vrednotenja.
The balance sheet figures may also be adjusted for foreign currency effects and the trend in the market values of derivatives, if this trend is different from the trend described in the restructuring plan and the difference is not attributable to an increase in the notional values of the derivatives.
Številke bilance stanja se lahko prilagodijo tudi za učinke tuje valute in gibanja tržnih vrednosti izvedenih finančnih instrumentov, če se to gibanje razlikuje od gibanja, opisanega v načrtu prestrukturiranja in razlike ni mogoče pripisati povečanju nominalnih vrednosti izvedenih finančnih instrumentov.
Business activities of the DEPFA plc sub-group
Poslovne dejavnosti podskupine banke DEPFA plc
Germany will ensure that HRE separates itself completely from the business activities of the DEPFA plc sub-group,
Nemčija bo zagotovila, da se banka HRE popolnoma odstrani iz poslovnih dejavnosti podskupine banke DEPFA plc,
by foregoing new business in the DEPFA plc sub-group (balance sheet of EUR 248 billion at 31 December 2008) as of the date of notification of the decision at the latest.
z odrekanjem sodelovanju pri novih dejavnostih podskupine banke DEPFA plc (bilanca stanja v višini 248 milijard EUR na dan 31. decembra 2008) najkasneje od datuma uradnega obvestila o tem sklepu.
The following are not ‘new business’ within the meaning of this Commitment Document:
Naslednje dejavnosti v smislu tega dokumenta o zavezah niso „nove dejavnosti“:
restructuring of existing loans in order to maintain value, provided that those loans fall under the management of problem loans;
prestrukturiranje obstoječih posojil, da bi ohranili vrednost, če ta posojila sodijo pod upravljanje problematičnih posojil;
transactions which are necessary in the context of liquidity management of the DEPFA plc sub-group or the winding-up institution, e.g. central bank transactions;
transakcije, potrebne v okviru upravljanja likvidnosti podskupine DEPFA plc ali slabe banke, npr. transakcije centralne banke;
management of the cover pools of HPBI and ACS;
upravljanje kritnega premoženja bank HPBI in ACS;
prolongations which are necessary in order to avoid losses, provided that a prolongation offers significantly better prospects of final realisation;
podaljšanja, ki so potrebna za preprečevanje izgub, če podaljšanje nudi precej boljše možnosti končne realizacije;
derivative transactions which are necessary in order to manage interest rate, currency and credit risks in the existing portfolio, e.g. asset swaps, provided that they have the effect of reducing the overall market risk position of the DEPFA plc sub-group;
transakcije z izvedenimi finančnimi instrumenti, potrebne za upravljanje obrestnega, deviznega in kreditnega tveganja v obstoječem portfelju, npr. zamenjava sredstev, če bodo zmanjšale splošno stanje tržnega tveganja podskupine DEPFA plc;
business which was fully consolidated in the group financial statement of DEPFA plc or business for which the commercial opportunities and risks already lay predominantly with the DEPFA sub-group;
dejavnost, ki je bila v celoti konsolidirana v finančnem izkazu skupine DEPFA plc, ali dejavnost, pri kateri so komercialne priložnosti in tveganja večinoma že na strani podskupine DEPFA;
all business which is necessary for regulatory or other legal reasons, including the acquisition, holding and sale of approved securities for management of the cover pools of the DEPFA plc sub-group and for liquidity management of the DEPFA plc sub-group (cf. paragraph 2(iv)); this does not include any budget finance business as a strategic business activity;
vse dejavnosti, potrebne zaradi regulativnih ali drugih razlogov, vključno s pridobivanjem, lastništvom in prodajo odobrenih vrednostnih papirjev za upravljanje kritnega premoženja podskupine DEPFA plc in za upravljanje likvidnosti podskupine DEPFA plc (glej odstavek 2(iv)); to ne vključuje dejavnosti financiranja proračuna kot strateške poslovne dejavnosti;
all business that DEPFA plc and its subsidiary companies conclude for the purpose of refinancing, including new issues and buying back of debt;
vse dejavnosti, ki jih banka DEPFA plc in njene podružnice izvajajo za namene refinanciranja, vključno z novimi izdajami in odkupom dolga;
if ‘necessity’ is a requirement of paragraphs 5.1(i)(b), 5.1(i)(d), 5.1(i)(e) and 5.1(i)(g), this means that the measure in question must be capable of achieving the objective that it serves under economically viable and sustainable conditions;
če je „nujnost“ zahteva iz odstavkov 5.1(i)(b), (d), (e) in (g), to pomeni, da mora biti zadevni ukrep sposoben doseči cilj, kateremu je namenjen, v gospodarsko vzdržnih in trajnostnih pogojih;
and by
in s
Sale of DEPFA plc or participations held by DEPFA plc (HPFB, HPBI and ACS)
Prodaja banke DEPFA plc ali udeležb banke DEPFA plc (v bankah HPFB, HPBI in ACS)
If and in so far as the sale of individual assets of HPFB, HPBI, ACS or DEPFA plc does not represent the more cost-effective form of active run-down (paragraph 5.3), Germany will ensure that HRE effects the reprivatisation of HPFB, HPBI, ACS or DEPFA plc as a sub-group without delay, but by 31 December 2014 at the latest, in accordance with the terms and conditions of sale as set out in paragraph 11.
Če in v kolikor prodaja posameznih sredstev bank HPFB, HPBI, ACS ali DEPFA plc ni bolj stroškovno učinkovita oblika dejavnega prenehanja delovanja (odstavek 5.3), bo Nemčija zagotovila, da banka HRE izvede ponovno privatizacijo banke HPFB, HPBI, ACS ali DEPFA plc kot podskupine brez odlašanja, vendar najkasneje do 31. decembra 2014, v skladu s pogoji prodaje iz odstavka 11.
At the same time, Germany will ensure that the necessary sales procedures are introduced sufficiently promptly so as to enable reprivatisation of HPFB, HPBI, ACS or DEPFA plc as a sub-group to be effected by 31 December 2014.
Hkrati bo Nemčija zagotovila, da bodo potrebni prodajni postopki uvedeni dovolj zgodaj, da se bo ponovna privatizacija banke HPFB, HPBI, ACS ali DEPFA plc kot podskupine izvedla do 31. decembra 2014.
Reprivatisation of HPFB, HPBI, ACS or DEPFA plc as a sub-group must, in each case, take place only if and in so far as the following conditions are met with regard to the company in question:
Ponovna privatizacija banke HPFB, HPBI, ACS ali DEPFA plc kot podskupine se lahko, v vsakem primeru, izvede samo, če in v kolikor so izpolnjeni naslednji pogoji glede zadevnega podjetja:
taking into account all contractual obligations and assuming that the underlying financial and balance-sheet-relevant legal conditions are essentially unchanged, the minimum sale proceeds realised are […]; and
ob upoštevanju vseh pogodbenih obveznosti in ob predpostavljanju, da temeljni finančni in pravni pogoji, pomembni za bilanco stanja, ostanejo enaki, najnižji realizirani prihodki od prodaje znašajo […], in
the purchaser in each case undertakes to redeem all of HPFB, HPBI, ACS or DEPFA plc's refinancing liabilities with respect to HRE, its subsidiaries and the winding-up institution so that refinancing which is independent of HRE and the winding-up institution can be put in place.
kupec se v vsakem primeru zaveže, da bo odplačal vse obveznosti banke HPFB, HPBI, ACS ali DEPFA plc, povezane z refinanciranjem, do banke HRE, njenih podružnic in slabe banke, da se lahko vzpostavi refinanciranje, ki je neodvisno od banke HRE in slabe banke.
If the DEPFA plc sub-group is being wound up and therefore withdraws from the market, no problems which are related to State aid will arise as long as the DEPFA plc sub-group does not contract any new business.
Če bo podskupina banke DEPFA plc prenehala z delovanjem in se zato umaknila s trga, se ne bodo pojavile nobene težave, povezane z državno pomočjo, če podskupina banke DEPFA plc ne bo sklepala novih poslov.
Germany undertakes to notify the European Commission promptly in advance of any sale of DEPFA plc or subsidiaries of DEPFA plc to third parties, and a sale will not take place before 31 December 2013 unless it has been approved by the Commission in advance.
Nemčija se zavezuje, da bo Evropsko komisijo takoj in vnaprej obvestila o morebitni prodaji banke DEPFA plc ali podružnic banke DEPFA plc tretjim strankam in da prodaja ne bo izvedena pred 31. decembrom 2013, razen če jo je Komisija odobrila vnaprej.
The Commission will make every effort to complete the relevant investigation as quickly as possible.
Komisija si bo prizadevala, da zadevno preiskavo zaključi čim prej.
This commitment does not apply to asset-only sales from DEPFA and/or its subsidiaries.
Ta zaveza ne velja za odprodajo sredstev banke DEPFA in/ali njenih podružnic.
Sale of credit portfolios
Prodaja kreditnih portfeljev