natgillin/translations-raw huggingface dataset:
that internal controls and related procedures are subject to regular review and testing by well-trained and sufficiently staffed risk-management and internal-audit functions;
Odbor vzpostavi in nadzira dokumentiran okvir za upravljanje tveganj, ki:
active involvement in the risk-control process;
vključuje politiko ravni sprejemljivega tveganja upravljavca SPPS;
that sufficient resources are allocated to the SIPS's risk-management framework.
dodeljuje pristojnosti in odgovornost za odločanje o tveganjih;
The Board shall establish and oversee a documented risk-management framework, which shall:
ureja sprejemanje odločitev v kriznih in izrednih razmerah;
include the SIPS operator's risk-tolerance policy;
ureja funkcije notranjih kontrol.
assign responsibilities and accountability for risk decisions;
Odbor zagotovi, da imata funkciji upravljanja tveganj in notranjih kontrol zadostne pristojnosti, neodvisnost, vire in dostop do odbora.
address decision making in crises and emergencies;
Odbor zagotovi, da večje odločitve, ki vplivajo na tehnično in funkcijsko zgradbo SPPS, njegova pravila in splošno strategijo, zlasti glede izbire ureditve kliringa in poravnave, strukturo delovanja, obseg produktov, za katere se opravlja kliring ali poravnava, ter uporabo tehnologije in postopkov, ustrezno odražajo legitimne interese zadevnih deležnikov SPPS.
address internal control functions.
V primernem času pred takimi odločitvami se opravi posvetovanje z zadevnimi deležniki in, kjer je primerno, z javnostjo.
The Board shall ensure that the risk management and internal control functions have sufficient authority, independence, resources and access to the Board.
Člen 5
The Board shall ensure that major decisions affecting the SIPS's technical and functional setup, rules and overall strategy, in particular, with regard to choice of a clearing and settlement arrangement, operating structure, scope of products cleared or settled, and use of technology and procedures, appropriately reflect the legitimate interests of the SIPS's relevant stakeholders.
Okvir za celovito upravljanje tveganj
The relevant stakeholders and, where appropriate, the public shall be consulted reasonably in advance on such decisions.
Upravljavec SPPS vzpostavi in vzdržuje zanesljiv okvir za upravljanje tveganj, v skladu s katerim celovito ugotavlja, meri, spremlja in upravlja vsa tveganja, ki nastajajo v SPPS ali jih ta nosi.
Article 5
Okvir za upravljanje tveganj pregleda najmanj enkrat letno.
Framework for the comprehensive management of risks
Okvir za upravljanje tveganj:
A SIPS operator shall establish and maintain a sound risk-management framework to comprehensively identify, measure, monitor and manage the range of risks that arise in or are borne by the SIPS.
vključuje politiko ravni sprejemljivega tveganja upravljavca SPPS in ustrezna orodja za upravljanje tveganj;
It shall review the risk-management framework at least annually.
dodeljuje pristojnost in odgovornost za odločanje o tveganjih;
The risk-management framework shall:
ureja sprejemanje odločitev v izrednih razmerah, ki so povezane s SPPS, vključno z gibanji na finančnih trgih, ki bi lahko imela negativen vpliv na likvidnost na trgu in stabilnost finančnega sistema v kateri koli državi članici, katere valuta je euro, v kateri je ustanovljen upravljavec SPPS ali kateri od udeležencev.
include the SIPS operator's risk-tolerance policy and appropriate risk-management tools;
Upravljavec SPPS spodbuja udeležence in, kjer pride v poštev, njihove stranke, da upravljajo in omejujejo tveganja, ki jih povzročajo SPPS, in tveganja, ki jih nosijo zaradi njega.
assign responsibility and accountability for risk decisions;
Kar zadeva udeležence, take spodbude vključujejo učinkovito, sorazmerno in odvračilno ureditev denarnih kazni ali ureditev delitve izgub ali oboje.
address decision-making in emergency situations relating to a SIPS, including developments in financial markets potentially having an adverse effect on market liquidity and the stability of the financial system in any Member State whose currency is the euro where the SIPS operator or one of the participants are established.
Upravljavec SPPS najmanj enkrat letno pregleda pomembna tveganja, ki jih SPPS zaradi soodvisnosti povzroča drugim subjektom, vključno, med drugim, IFT, poravnalnim bankam, ponudnikom likvidnosti in ponudnikom storitev, ter tista, ki jih SPPS nosi zaradi teh subjektov.
A SIPS operator shall provide incentives to participants and, where relevant, their customers to manage and limit the risks they pose to and bear from the SIPS.
Upravljavec SPPS razvije orodja za upravljanje tveganj, ki so zanesljiva in sorazmerna z ugotovljeno ravnjo tveganj.
With regard to participants, such incentives shall include an effective, proportionate and dissuasive financial penalties regime or loss-sharing arrangements, or both.
Upravljavec SPPS določi ključne dejavnosti in storitve SPPS.
A SIPS operator shall review the material risks the SIPS bears from and poses to other entities, including, inter alia, FMIs, settlement banks, liquidity providers and service providers, as a result of interdependencies at least annually.
Upravljavec SPPS ugotovi posamezne scenarije, ki bi lahko povzročili, da ne bi mogel zagotavljati teh ključnih dejavnosti in storitev kot delujoče podjetje, ter oceni učinkovitost vseh možnosti za sanacijo ali, razen pri SPPS Eurosistema, za urejeno prenehanje.
The SIPS operator shall develop risk-management tools that are robust and proportionate to the identified level of risk.
Ključne dejavnosti in storitve SPPS pregleda najmanj enkrat letno.
A SIPS operator shall define the SIPS' critical operations and services.
Na podlagi te ocene upravljavec SPPS pripravi načrt za sanacijo ali, razen pri SPPS Eurosistema, za urejeno prenehanje.
The SIPS operator shall identify specific scenarios that may prevent it from being able to provide these critical operations and services as a going concern and assess the effectiveness of all options for recovery or, with the exception of Eurosystem SIPS, an orderly wind-down.
Načrt za sanacijo in urejeno prenehanje med drugim vsebuje vsebinski povzetek ključnih strategij za sanacijo in urejeno prenehanje, navedbo ključnih dejavnosti in storitev SPPS ter opis ukrepov, ki so potrebni za izvedbo ključnih strategij.
It shall review the SIPS' critical operations and services at least annually.
Kjer pride v poštev, upravljavec SPPS zagotovi zadevnim organom informacije, ki jih potrebujejo za načrtovanje reševanja.
Based on this assessment, a SIPS operator shall prepare a plan for the SIPS' recovery or, except for Eurosystem SIPS, an orderly wind-down.
Načrt za sanacijo in urejeno prenehanje pregleda najmanj enkrat letno.
The recovery and orderly wind-down plan shall contain, inter alia, a substantive summary of the key recovery and orderly wind-down strategies, a restatement of the SIPS's critical operations and services, and a description of the measures needed to implement the key strategies.
Člen 6
A SIPS operator shall, where applicable, provide relevant authorities with the information needed for purposes of resolution planning.
Kreditno tveganje
It shall review the recovery and orderly wind-down plan at least annually.
Upravljavec SPPS vzpostavi zanesljiv okvir za merjenje, spremljanje in upravljanje svojih kreditnih izpostavljenosti do udeležencev in kreditnih izpostavljenosti med udeleženci, ki izhajajo iz procesov plačil, kliringa in poravnave v SPPS.
Article 6
Upravljavec SPPS ugotovi vse vire kreditnega tveganja.
Credit risk
Merjenje in spremljanje kreditnih izpostavljenosti poteka cel dan ob uporabi pravočasnih informacij in ustreznih orodij za upravljanje tveganj.
A SIPS operator shall establish a robust framework to measure, monitor and manage its credit exposures to its participants and credit exposures amongst participants arising from the SIPS payment, clearing, and settlement processes.
Upravljavec SPPS, vključno z upravljavcem sistema za odloženo neto poravnavo z jamstvom poravnave, ki je med delovanjem SPPS kreditno izpostavljen do udeležencev, krije svojo kreditno izpostavljenost do vsakega udeleženca z uporabo zavarovanja, jamstvenih skladov, lastniškega kapitala (po odbitku zneska, ki je namenjen za kritje splošnega poslovnega tveganja) ali drugih enakovrednih finančnih sredstev.
A SIPS operator shall identify all sources of credit risk.
Upravljavec SPPS, vključno z upravljavcem sistema za odloženo neto poravnavo brez jamstva poravnave, ima v primeru, kadar so udeleženci soočeni s kreditno izpostavljenostjo zaradi procesov plačil, kliringa in poravnave v SPPS, vzpostavljena pravila ali pogodbene ureditve s temi udeleženci.
The measurement and monitoring of credit exposures shall take place throughout the day, using timely information and appropriate risk-management tools.
Pravila ali pogodbene ureditve zagotovijo, da bodo udeleženci zagotovili zadostna sredstva, kakor so opredeljena v odstavku 3, za kritje kreditnih izpostavljenosti zaradi procesov plačil, kliringa in poravnave v SPPS v razmerju do dveh udeležencev, ki imata skupaj s svojimi povezanimi podjetji najvišjo skupno kreditno izpostavljenost.
A SIPS operator, including one operating a DNS with a settlement guarantee, that in the course of SIPS operations incurs credit exposure vis-à-vis its participants, shall cover its credit exposure to each participant using collateral, guarantee funds, equity (after deduction of the amount dedicated to cover general business risk) or other equivalent financial resources.
Upravljavec SPPS vzpostavi pravila in postopke za obravnavo izgub, ki so neposredna posledica tega, da en ali več udeležencev ne izpolni svojih obveznosti do SPPS.
A SIPS operator, including one operating a DNS with no settlement guarantee, but where participants face credit exposures arising from the SIPS payment, clearing and settlement processes, shall have in place rules or contractual arrangements with these participants.
Ta pravila in postopki obravnavajo delitev morebitne nekrite izgube, vključno z vračilom vseh sredstev, ki si jih je morda upravljavec SPPS izposodil pri ponudnikih likvidnosti.
The rules or contractual arrangements shall ensure that the participants will provide sufficient resources, as defined in paragraph 3, to cover credit exposures resulting from the SIPS payment, clearing and settlement processes in relation to the two participants which, together with their affiliates, have the largest aggregate credit exposure.
Vključujejo pravila in postopke upravljavca SPPS za obnovitev vseh finančnih sredstev, ki jih je SPPS uporabil med obremenitvijo, na raven, ki je določena v odstavku 3.
A SIPS operator shall establish rules and procedures to address losses directly resulting from defaults by one or more participants on their obligations to the SIPS.
Člen 7
These rules and procedures shall address the allocation of potentially uncovered losses, including the repayment of any funds a SIPS operator may borrow from liquidity providers.
Zavarovanje
They shall include the SIPS operator's rules and procedures to replenish any financial resources used by the SIPS during a stress event, to the level laid down in paragraph 3.
Upravljavec SPPS sprejme za zavarovanje samo naslednje finančno premoženje:
Article 7
izdal ga je izdajatelj z nizkim kreditnim tveganjem;
Collateral
je prosto prenosljivo brez pravnih omejitev ali pravic tretjih oseb;
A SIPS operator shall only accept the following assets as collateral:
denominirano je v valuti, katere tveganje upravlja upravljavec SPPS;
they have been issued by an issuer with low credit risk;
ni ga izdal udeleženec, ki zagotavlja zavarovanje, ali subjekt, ki je del iste skupine kot ta udeleženec, razen v primeru krite obveznice, toda samo, če je finančno premoženje v kritnem skladu ustrezno ločeno v zanesljivem pravnem okviru in izpolnjuje zahteve iz točk (i) do (iv).
they are freely transferable without any legal constraint or third party claims;
Upravljavec SPPS pri opravljanju notranje ocene po točkah (i) do (vi) določi, dokumentira in uporabi objektivno metodologijo.
they are denominated in a currency the risk of which is managed by the SIPS operator;
Upravljavec SPPS vzpostavi in izvaja politike in postopke za spremljanje kreditne kvalitete, tržne likvidnosti in volatilnosti cen vsakega finančnega premoženja, ki je sprejeto za zavarovanje.
they have reliable price data published on a regular basis;
Upravljavec SPPS redno in najmanj enkrat letno spremlja ustreznost svojih politik in postopkov vrednotenja.
they are not otherwise subject to significant wrong-way risk;
Tak pregled se izvede tudi ob vsaki pomembni spremembi, ki vpliva na izpostavljenost SPPS tveganjem.
they are not issued by the participant providing the collateral or an entity that is part of the same group as that participant, except in the case of a covered bond and only where the assets in the cover pool are appropriately segregated within a robust legal framework and satisfy the requirements set out in points (i) to (v).
Upravljavec SPPS usklajuje vrednost svojega zavarovanja s tržno ceno najmanj enkrat dnevno.
In performing the internal assessment of points (i) to (vi), the SIPS operator shall define, document and apply an objective methodology.
Upravljavec SPPS vzpostavi stabilne in konservativne odbitke ter jih najmanj enkrat letno preizkusi in upošteva razmere pretresov na trgu.
A SIPS operator shall establish and implement policies and procedures to monitor the credit quality, market liquidity and price volatility of each asset accepted as collateral.
Postopke v zvezi z odbitki najmanj enkrat letno preveri takšno osebje, ki ni ustvarilo in uporabilo teh postopkov.
A SIPS operator shall monitor on a regular basis, and at least annually, the adequacy of its valuation policies and procedures.
Upravljavec SPPS sprejme ukrepe, s katerimi se izogne koncentriranemu imetništvu posameznega finančnega premoženja, kadar bi to bistveno poslabšalo zmožnost hitrega likvidiranja tega finančnega premoženja brez bistvenih negativnih vplivov na ceno.
Such review shall also be carried out whenever a material change occurs that affects the SIPS's risk exposure.
Upravljavec SPPS, ki sprejema čezmejno zavarovanje, ugotovi in obvladuje tveganja, povezana z njegovo uporabo, ter zagotovi, da se lahko čezmejno zavarovanje uporabi pravočasno.
A SIPS operator shall mark-to-market its collateral at least on a daily basis.
Upravljavec SPPS uporabi učinkovit in operativno prilagodljiv sistem upravljanja zavarovanja.
A SIPS operator shall establish stable and conservative haircuts and shall test them at least annually and take into account stressed market conditions.
Odstavek 1 se ne uporablja za SPPS Eurosistema.
Haircut procedures shall be validated by personnel other than those who created and applied the haircut procedures at least annually.
Člen 8
A SIPS operator shall take measures to avoid concentrated holdings of certain assets where this would significantly impair the ability to liquidate such assets quickly without significant adverse price effects.
Likvidnostno tveganje
A SIPS operator that accepts cross-border collateral shall identify and mitigate the risks associated with its use and ensure that the cross-border collateral can be used in a timely manner.
Upravljavec SPPS vzpostavi celovit okvir za upravljanje likvidnostnih tveganj, ki jih povzročajo udeleženci SPPS, poravnalne banke, agenti nostro, skrbniške banke, ponudniki likvidnosti in drugi zadevni subjekti.
A SIPS operator shall use an effective and operationally flexible collateral management system.
Upravljavec SPPS vzpostavi operativna in analitična orodja, ki mu omogočijo, da redno in pravočasno ugotavlja, meri in spremlja tokove poravnave in financiranja, vključno z uporabo likvidnosti čez dan.
Paragraph 1 shall not apply to Eurosystem SIPS.
Upravljavec SPPS ima ali zagotovi, da imajo udeleženci, ves čas dovolj likvidnih sredstev v vseh valutah, v katerih posluje, da se poravnava plačilnih obveznosti ob raznovrstnih možnih scenarijih obremenitev izvrši isti dan.
Article 8
Kjer je ustrezno, to vključuje poravnavo znotraj dne ali v več dneh.
Liquidity risk
Scenariji obremenitev vključujejo:
A SIPS operator shall establish a comprehensive framework to manage liquidity risks posed by the SIPS's participants, settlement banks, nostro agents, custodian banks, liquidity providers and other relevant entities.
Upravljavec SPPS, ki opravlja poravnavo enostranskih plačil v eurih, ima ali zagotovi, da imajo udeleženci, likvidna sredstva v skladu z odstavkom 3 za pravočasno izvršitev poravnave plačilnih obveznosti v primeru neizpolnitve obveznosti udeleženca, ki ima skupaj s svojimi povezanimi podjetji najvišjo skupno plačilno obveznost, kakor je določeno v odstavku 3(a), v kateri koli od naslednjih oblik:
A SIPS operator shall put in place operational and analytical tools, which enable it to identify, measure and monitor settlement and funding flows, including the use of intraday liquidity, on an on-going and timely basis.
v obliki primernega zavarovanja, kakor je opredeljeno v okviru Eurosistema za zavarovanje, določenem v Smernici ECB/2011/14 z dne 20. septembra 2011 o instrumentih in postopkih denarne politike Eurosistema [5], zlasti če ima upravljavec SPPS dostop do odprtih ponudb Eurosistema.
A SIPS operator shall hold, or ensure that participants hold, sufficient liquid resources at all times, in all currencies in which it operates, to effect same-day settlement of payment obligations in a wide range of potential stress scenarios.
Upravljavec SPPS, ki opravlja poravnavo enostranskih plačil v eurih, ima ali zagotovi, da imajo udeleženci, dodatna likvidna sredstva v skladu z odstavkom 3(b) v oblikah, opredeljenih v odstavku 4, ali pri kreditno sposobni poslovni banki v obliki enega ali več naslednjih instrumentov:
Where appropriate, this shall include intraday or multiday settlement.
namenske kreditne linije;
The stress scenarios shall include:
namenske valutne zamenjave;
A SIPS operator settling one-sided payments in euro shall hold, or ensure that participants hold, liquid resources, in accordance with paragraph 3, to effect timely settlement of payment obligations in the event of a default of the participant which, together with its affiliates, has the largest aggregate payment obligation as determined by paragraph 3(a) in any of the following ways:
naložbe, ki so takoj na voljo in jih je mogoče takoj pretvoriti v denar, z vnaprejšnjo ureditvijo financiranja, za katero lahko upravljavec SPPS pristojnemu organu na podlagi ustrezne notranje ocene dokaže, da je visoko zanesljiva, celo v skrajnih, vendar možnih razmerah na trgu.
in eligible collateral as defined in the collateral framework of the Eurosystem laid down in Guideline ECB/2011/14 of 20 September 2011 on monetary policy instruments and procedures of the Eurosystem [5], in particular if the SIPS operator has access to Eurosystem standing facilities.
Upravljavec SPPS, ki opravlja poravnavo dvostranskih plačil ali enostranskih plačil v valutah, ki niso euro, ima ali zagotovi, da imajo udeleženci, likvidna sredstva v skladu z odstavkom 3 v oblikah, opredeljenih v odstavku 5.
A SIPS operator settling one-sided payments in euro shall hold, or ensure that participants hold, additional liquid resources, in accordance with paragraph 3(b), in the ways defined in paragraph 4 or with a creditworthy commercial bank in one or more of the following instruments:
Kadar upravljavec SPPS sredstva iz odstavka 3 dopolni z drugim finančnim premoženjem, mora biti za to finančno premoženje verjetno, da je tržno ali sprejemljivo za zavarovanje (npr. za kreditne linije, zamenjave ali posle začasne prodaje) v posamičnem primeru po neizpolnitvi obveznosti, čeprav tega ni mogoče zanesljivo vnaprej urediti ali jamčiti za primer skrajnih, vendar možnih razmer na trgu.
committed lines of credit;
Kadar udeleženec sredstva iz odstavka 3 dopolni z drugim finančnim premoženjem, upravljavec SPPS zagotovi, da to drugo finančno premoženje izpolnjuje zahteve, določene v prvem stavku.
committed foreign exchange swaps;
Za finančno premoženje se domneva kot verjetno, da je tržno ali sprejemljivo za zavarovanje, če je upravljavec SPPS upošteval pravila in prakse zadevne centralne banke glede primernosti zavarovanja.
committed repos;
Upravljavec SPPS ne predpostavlja, da bo na voljo izredno posojilo centralne banke.
assets as defined in Article 7(1), which are held by a custodian;
Upravljavec SPPS opravi skrben pregled, s katerim preveri, ali ima vsak ponudnik likvidnih sredstev SPPS iz odstavka 3:
investments that are readily available and convertible into cash with prearranged funding arrangements for which the SIPS operator can demonstrate to the competent authority, based on an adequate internal assessment, that the funding arrangements are highly reliable, even in extreme but plausible market conditions.
Upravljavec SPPS najmanj enkrat letno pregleda svojo skladnost z obveznostjo skrbnega pregleda.
The SIPS operator shall be prepared to demonstrate to the competent authority, based on an adequate internal assessment, that the commercial bank is creditworthy.
Za ponudnike likvidnosti se sprejmejo samo subjekti, ki imajo dostop do posojil centralne banke izdajateljice.
A SIPS operator settling two-sided payments or one-sided payments in currencies other than the euro shall hold, or ensure that participants hold, liquid resources, in accordance with paragraph 3, in ways defined in paragraph 5.
Upravljavec SPPS redno preizkuša svoje postopke za dostop do likvidnih sredstev SPPS.
Where a SIPS operator supplements the resources referred to in paragraph 3 with other assets, these assets shall be likely to be marketable or acceptable as collateral (for e.g. lines of credit, swaps, or repos) on an ad hoc basis following a default, even if this cannot be reliably prearranged or guaranteed under extreme but plausible market conditions.
Upravljavec SPPS, ki ima dostop do računov, plačilnih storitev in storitev v zvezi z vrednostnimi papirji pri centralni banki, uporabi te storitve, kadar je to uporabljivo.
Where a participant supplements the resources referred to in paragraph 3 with other assets, the SIPS operator shall ensure that these other assets meet the requirements set out in the first sentence.
Upravljavec SPPS prek strogih obremenitvenih testov ugotovi, koliko denarja in drugega finančnega premoženja je potrebno za izpolnitev zahtev iz odstavkov 3 in 4.
Assets shall be presumed as likely to be marketable or acceptable as collateral if the SIPS operator has taken into account the rules and practices of the relevant central bank on the eligibility of collateral.
Ta znesek redno pregleduje, med drugim ob upoštevanju raznovrstnih scenarijev, ki vključujejo:
A SIPS operator shall not assume that emergency central bank credit will be available.
največjo preteklo volatilnost cen zgoraj navedenega finančnega premoženja;
A SIPS operator shall carry out due diligence to verify that each provider of the SIPS' liquid resources under paragraph 3:
spremembe drugih tržnih dejavnikov, ki med drugim vključujejo determinante cen in krivulje donosnosti;
A SIPS operator shall review its compliance with the due diligence obligation at least annually.
vrsto v prihodnost usmerjenih scenarijev obremenitev v različnih skrajnih, vendar možnih razmerah na trgu.
Only entities with access to credit from the central bank of issue shall be accepted as liquidity providers.
Ti scenariji upoštevajo tudi zasnovo in delovanje SPPS;
A SIPS operator shall regularly test its procedures for accessing the SIPS liquid resources.
zajamejo vse subjekte, ki bi lahko SPPS povzročili pomembna likvidnostna tveganja in med drugim vključujejo poravnalne banke, agente nostro, skrbniške banke, ponudnike likvidnosti in povezane IFT;
A SIPS operator with access to central bank accounts, payment services or securities services shall use these services, where practicable.
ter, kjer je ustrezno, zajamejo obdobje več dni.
A SIPS operator shall, through rigorous stress testing determine how much cash and other assets are required to satisfy the requirements under paragraphs 3 and 4.
Upravljavec SPPS dokumentira razloge, zakaj mora imeti on ali udeleženci ta znesek denarja in drugega finančnega premoženja, ter ima ustrezno ureditev upravljanja v tej zvezi.