natgillin/translations-raw huggingface dataset:
Austria will ensure that, while the restructuring plan is being implemented, HGAA pursues a prudent, sound and sustainable business policy, reviews the appropriateness of its internal incentive schemes under statutory and regulatory rules, and makes sure that its incentive schemes do not result in incentivising to undertake unsuitable risks.
Izvajanje zgoraj navedenih ukrepov bo na četrtletni osnovi spremljal zunanji nadzorni fiduciar (glej oddelek C), ki bo poročal Komisiji.
Austria will ensure that each operational entity (i.e. HBA and the SEE network), until their respective reprivatisation, transfers any annual profit to its respective owners only to the extent that this is allowed by law and does not result in failing to meet the regulatory own capital ratios of the operational entity concerned applicable at the time of the profit transfer, or in any economic disadvantage for the company.
Omejitve iz točk 4.1.1–4.1.6 veljajo samo za nove posle, kot je opredeljeno v nadaljevanju.
This commitment shall also apply mutatis mutandis to any intermediate (holding) companies, HBI until it is completely wound down, and HBInt. as long as it is controlled by Austria.
Opredelitev segmentov poslovanja s podjetji, javnih financ in poslovanja s prebivalstvom
Own contribution
Segmenta poslovanja s podjetji in javnih financ načeloma ustrezata sedanjim opredelitvam poslovnih segmentov HGAA z naslednjimi spremembami:
The coupon ban set out in Austria’s commitments letter dated 30 November 2012 and in No 11 in the Annex to the Commission’s approval decision dated 5 December 2012, C(2012) 9255 final, is replaced by the following commitment:
Segment poslovanja s podjetji je opredeljen kot:
No dividend or coupon payments that are not required by law
podjetja v zasebni lasti (z izjemo finančnih institucij), ki izpolnjujejo naslednja merila glede velikosti v smislu prometa in/ali izpostavljenosti:
Austria will ensure that HGAA, during the implementation of the restructuring plan, does not make any dividend or coupon payments on its issued Tier 1 and Tier 2 capital instruments (including shares, shareholdings, hybrid capital and additional capital) issued before the final approval decision is adopted, unless HGAA is legally obliged to do so, even without releasing reserves, or with the prior agreement of the Commission services.
letni promet v višini najmanj […] EUR ali
The capital instruments referred to above do not include those capital instruments, shares and/or shareholdings held by Austria, unless a dividend or coupon payment on the capital instruments held by Austria would also result in a payment obligation to third parties.
bruto izpostavljenost v višini najmanj […] EUR, razen na Hrvaškem, kjer se uporablja prag […] EUR.
The dividend ban under point 3.1.1 does not apply to dividend payments by the temporary ‘minority companies’ that do not engage in advertising, […] and […], (i.e. two SPVs in which external investors hold a 49 % stake; the activity of the SPVs is limited to holding certain securities and paying out income from the securities to HBInt and the minority companies in the form of dividends, see section 5.3.4 of the restructuring plan) where failure to make these payments would result in the winding up of one of these companies, which would have an adverse impact on HGAA’s total capitalisation.
HGAA mora nadzornemu fiduciarju predložiti dokaze, da je sedanji prag izpostavljenosti, ki je ločnica med segmentom poslovanja s prebivalstvom in segmentom poslovanja s podjetji, na Hrvaškem trenutno res določen na […] EUR in da bi sprememba praga zahtevala prevelike stroške.
No calling in or repurchase of capital instruments that are not required by law
Segment javnih financ:
Austria will ensure that HGAA, during the implementation of the restructuring plan, does not call in, repurchase or otherwise terminate before maturity capital instruments within the meaning of point 3.1.1 above, unless HGAA is legally obliged to do so, even without releasing reserves, or with the prior agreement of the Commission services.
Segment javnih financ je opredeljen kot:
With the prior agreement of the Commission services, this excludes the calling, repurchasing and other ways of early termination of capital instruments, if:
„državni organi“, tj. subjekti, ki lahko izvajajo suverene pristojnosti z izdajanjem splošno zavezujočih zakonov ali drugih zavezujočih predpisov (države, ministrstva, državni ali vladni organi, nosilci socialne varnosti itd.),
they do not result in a permanent reduction in HGAA’s regulatory capital ratios, and
izpostavljenost, za katero izrecno jamčijo suvereni organi,
payments by HGAA to creditors in connection with the early termination (e.g. repurchase price, indemnity) do not exceed the market value of the instruments at the time of termination, if necessary plus:
„poddržavni organi“, tj. regionalni in lokalni organi (zvezne dežele, province, okraji, mesta, občine) ter politična subjekta Republike Bosne in Hercegovine, in sicer Republika Srbija ter Federacija Bosne in Hercegovine, ter
a premium of not more than 10 % of the market value, and/or
subjekti javnega sektorja (PSE [1]), če imajo neposredno državno/poddržavno jamstvo.
a payment no more than the discounted cash value of the interest due on the instrument until its original maturity date.
Vse subjekte ali agencije, ki niso državni ali poddržavni organi, kot so opredeljeni zgoraj, in nimajo državnega ali poddržavnega jamstva, je treba obravnavati kot podjetja (ustanove) v skladu s pravili o segmentu poslovanja s podjetji (ustanovami).
With the prior agreement of the Commission, the specific determination of the market value within the meaning of the above will correspond to:
Segment poslovanja s prebivalstvom:
in the case of publicly traded instruments: the average price of the instrument or comparable instruments in the month before publication of the offer to repurchase the instruments in question;
Segment poslovanja s prebivalstvom je opredeljen kot:
in the case of other instruments: the value established in another, suitable way and verified by an independent third party using valuations of the instrument or comparable instruments.
fizične osebe,
Behavioural commitments/restrictions on new business
vse oblike MSP, tj. zasebne družbe, samostojni podjetniki in kmetijski subjekti, ne glede na njihovo pravno obliko, ki izpolnjujejo vsa naslednja merila glede velikosti v smislu prometa in izpostavljenosti:
Replacement of the commitments dated 30 November 2013 (Annex to the Commission’s approval decision dated 5 December 2012, C(2012) 9255 final)
letni promet ne presega […] EUR in
The commitments provided to the Commission by Austria in the commitments letter dated 30 November 2012, which are set out in the Annex to the Commission’s approval decision dated 5 December 2012, C(2012) 9255 final, are replaced by the following commitments.
bruto izpostavljenost ne presega […] EUR, razen na Hrvaškem, kjer se uporablja prag […] EUR (odvisno od predložitve dokazov, kot je določeno v drugi alineji pod točko 4.2.1.1 zgoraj).
HGAA will limit new business in the public finance segment to […] and corporate credit engagements to […] or less, with a 1-year probability of default of […] or less for both public and corporate finance.
Novi posli v segmentih poslovanja s podjetji in javnih financ
In addition, all engagements above […] in the corporate segment must be […] % collateralised in compliance with HGAA’s internal credit policy parameters.
Splošna opredelitev pojmov
Exceptions to the above restrictions are permissible if the local regulator requires certain financial instruments to be held.
„Nov posel“ v smislu omejitev za nove posle iz točk od 4.1.1 do 4.1.6 je načeloma opredeljen v skladu z obstoječimi standardi HGAA za poročanje o tveganjih in zato obsega:
Furthermore, Treasury Bills issued by the Republic of Serbia and the Federation of Bosnia and Herzegovina with a maximum tenor of […] will be exempt from the above restrictions, if the acquisition of these securities […].
kreditne posle ali posle zakupa s pomembnim tveganjem [2], sklenjene s povsem novo stranko (ali skupino povezanih strank), tj. „posli z novimi strankami“, ali
HGAA will disburse new retail mortgages only with a loan-to-value (LTV) ratio of […] % or lower.
povečanja kreditne ali zakupne izpostavljenosti obstoječih strank (na podlagi proizvoda), tj. „posli povečanja izpostavljenosti“, ter
New retail mortgages with a maximum LTV ratio of […] % is permissible if the debt-to-income ratio of the respective client – defined as total monthly obligations with HGAA and other financial institutions (established through local credit bureaus) divided by monthly net income – is less than or equal to […] %.
obnovitve (podaljšanja) kreditnih ali zakupnih izpostavljenosti obstoječih strank (na podlagi proizvoda), ki se podaljšajo za več kot […], tj. „posli podaljšanja izpostavljenosti“ [3].
In addition, any new mortgage granted must be eligible for inclusion in the cover pools under the local legislation on mortgage bonds/securitisation where such legislation exists.
Dodatna merila
The internal funding cost matrix for every new engagement (within the meaning of section 4.2) must be commensurate with the funding situation of the branch/subsidiary for the entire term structure.
pri poslih povečanja izpostavljenosti je treba nove posle obravnavati na ravni posameznih transakcij.
At the very minimum, this should be:
Če torej hoče stranka povečati svojo gotovinsko izpostavljenost in hkrati za isti znesek zmanjšati svojo izpostavljenost, ki je krita z jamstvom, se bo povečana gotovinska izpostavljenost štela kot nov posel,
EURIBOR 3 m + […] % for engagements up to […] years,
finančni zakup se mora obravnavati kot kreditno financiranje.
EURIBOR 3 m + […] % for engagements from […] years ([…]),
Novi posli (posli z novimi strankami in posli povečanja izpostavljenosti) morajo v celoti izpolnjevati zahteve glede novih poslov iz točk 4.1.1–4.16,
EURIBOR 3 m + […] % for engagements above […] years ([…]), to be increased for countries with a particularly weak credit stance […].
poslovni zakup se mora obravnavati kot nov posel v smislu točk 4.1.1–4.1.6 ob upoštevanju naslednjih zahtev:
In addition to the group-wide maturity restrictions in public finance and corporate finance (see point 4.1.1), no engagements exceeding […] years may be undertaken in those countries.
spoštovati je treba minimalno oceno […] in najdaljšo dovoljeno zapadlost v skladu z omejitvami za nove posle,
The funding add-ons may be lowered in cases where assets fulfil the legal and asset criteria for securitisation and are intended to be used directly for securitisation (e.g. mortgages, financial leases, SME loans, and public finance) based on usable collateral as verified by the Monitoring Trustee (between […] and […] bps depending on the amount of collateralisation, […] bps for over-collateralisation).
predvidevati je treba popolno zavarovanje, če je preostala vrednost v celoti pokrita s knjigovodsko vrednostjo in pod pogojem, da je preostala vrednost dovolj previdna; to velja, če preostala vrednost ustreza zelo verjetni prodajni vrednosti (po odbitku stroškov prodaje) povezane postavke v finančnih evidencah zadevnega subjekta.
After properly calculating the funding cost (in accordance with point 4.1.3) and risk cost (the total expected loss on the uncovered amount, after applying an additional haircut of […] % on the collateral), an annual return on equity of a least […] % for any new credit engagement must be ensured (fees may be taken into account in the calculation).
vsi kreditni posli, ki vključujejo nezavezujoče kreditne linije, morajo biti v skladu s standardi za nova posojila iz točk 4.1.1–4.1.6,
The Commission may, by service letter, lift the requirement for an additional haircut of […] % for the purpose of calculating the risk costs once the Monitoring Trustee provides a reasoned opinion that the bank’s existing collateral valuation system as a whole is appropriate and already includes appropriate haircuts.
posli znotraj skupine (npr. refinanciranje lokalnih bank, lizing družb in drugih udeležb) ter posli, ki izhajajo iz zahtev v zvezi z upravljanjem likvidnosti HGAA, se obračunajo v segmentu finančnih institucij.
The return on equity within the meaning of the above paragraph must in principle be calculated on the basis of the regulatory capital requirements allocated to the specific loans.
Omejitve
However, the methodology currently applied by HGAA for calculating the capital requirements for a specific loan is based on an economic approach, in line with risk-cost calculation.
Omejitve za nove posle iz točk 4.1.1–4.1.6 ne veljajo za naslednje posle s pomembnim tveganjem:
The European Commission may, by service letter, allow HGAA to continue to use the economic approach for the calculation of capital requirements for specific loans upon verification by the monitoring trustee that (i) the methodology is sound, and (ii) provided that HGAA has established that an equivalent return on regulatory capital requirement of […] % would hold both at target portfolio and effective portfolio level.
posli s finančnimi institucijami v okviru likvidnostne knjige HGAA, tj.:
[…] may be provided to clients only if the client […].
promptne transakcije v TV (tj. omejitve poravnav v enem dnevu),
The exceptions to this are:
dokončne transakcije TV in valutne zamenjave z najdaljšo zapadlostjo […] pod pogojem, da je sklenjen dogovor o pobotu in zavarovanju (ISDA in CSA), ki določa prag (dejanska nezavarovana izpostavljenost) največ […] EUR,
[…] are restricted to a nominal volume of EUR […] annual new business; every […] granted in […] must have a credit rating of at least […] or better (in accordance with HGAA’s internal credit rating master scale).
posojila denarnega trga, vloge in (povratne) transakcije začasnega nakupa, vsi z najdaljšo zapadlostjo […], pri čemer je največji skupni znesek na nasprotno stranko omejen na […] EUR, največji skupni znesek, odobren v posamezni transakciji, pa na […] EUR,
HGAA will ensure an annual re-rating and complete financial documentary follow-up of each client with an exposure of more than EUR […] equivalent, to be verified by risk management at group head office.
izvedeni finančni instrumenti (obrestne zamenjave) z najdaljšo zapadlostjo […] pod pogojem, da je sklenjen dogovor o pobotu in zavarovanju (ISDA in CSA), ki določa prag (dejanska nezavarovana izpostavljenost) največ […] EUR.
The Republic of Austria commits to ensuring that the loan-to-deposit (LtD) ratio of the operational entities will be geared towards a successful sale, either by steering the credit process or by other measures to reduce the LtD ratio (artificially or effectively).
HGAA mora zagotoviti, da so omejitve posamezne nasprotne stranke za posle s finančnimi institucijami odobrene s strani oddelka za obvladovanje tveganj na sedežu skupine in da najdaljša zapadlost ne presega […],
The Republic of Austria is aware that LtD ratios in excess of 100 % can act as an impediment to the successful sale of an entity.
Predpostavke, uporabljene za to kvantitativno oceno, morajo biti dovolj previdne,
HGAA will replace or re-train credit officers and relationship managers where flaws in the credit process have been discovered or where credits have been disbursed at sub-standard profitability levels.
posli,
HGAA shall not acquire any shareholdings in companies or parts of companies (hereinafter: ‘shareholdings’), save as otherwise provided below.
ki so v celoti kriti z gotovino, v celoti izvršljivi za namene zavarovanja v celotnem obdobju trajanja posojilne pogodbe in niso obremenjeni z zastavnimi pravicami na obstoječem kreditu, če ocena stranke ni slabša od […], ALI
With the prior agreement of the Commission, HGAA may acquire shareholdings where special circumstances require it to do so in order to maintain or secure financial stability or effective competition.
ki so v celoti kriti z jamstvom finančne institucije (bančna garancija), če ocena izdajatelja jamstva ni slabša od […],
HAA may acquire shareholdings without the prior agreement of the Commission where: (i) the respective acquisition price is less than […] % of HGAA’s balance-sheet total at the time of the Commission decision, and (ii) the sum of all the acquisition prices paid by HGAA over the whole restructuring period (i.e. until the sale of the SEE network is complete, see IV) is less than […] % of HGAA’s balance-sheet total at the time of the Commission decision.
povečanja izpostavljenosti zaradi nihanj valutnih tečajev, tržne vrednosti izvedenih finančnih instrumentov in cen obveznic,
Excluded from the prohibition on acquisitions are shareholdings managed or acquired in the course of HGAA’s normal business operations in connection with non-performing loans or similar banking operations.
pretvorba obstoječih posojil v tujih valutah v posojila v EUR, če je obračunska valuta stranke EUR, kuna ali konvertibilna marka, se celotna izpostavljenost pretvori po prevladujočem deviznem tečaju, pogoji zavarovanja za HGAA pa so enaki ali boljši,
HGAA shall not use the aid for promotion purposes.
posli, za katere je bila ponudba (pogoji kreditiranja), o kateri sta se dogovorili odgovorni lokalni enoti za obvladovanje tveganj in prodajo, poslana strankam HGAA in so jo te sprejele pred 1. januarjem 2013, če je HGAA pravno zavezana k izplačilu in je to mogoče ustrezno dokumentirati,
The implementation of the above measures will be monitored on a quarterly basis by an external Monitoring Trustee (see section C below) who reports to the Commission.
posli, pri katerih se uporabljajo sredstva iz razvojnih bank in nadnacionalnih finančnih institucij (npr. Evropska investicijska banka – EIB, Evropska banka za obnovo in razvoj – EBOR, Hrvatska banka za obnovu i razvitak – HBOR, Slovenska izvozna in razvojna banka – SID itd.) ter sistemi subvencioniranih posojil državnih ali poddržavnih agencij, če se v zvezi z zavarovanjem spoštujeta najnižja ocena […] in najdaljša zapadlost […].
Scope of the commitments (‘Restrictions on new business’) pursuant to 4.1.1-4.1.6
Takšni sistemi subvencioniranih posojil morajo omogočati zmanjševanje kreditnega tveganja […], kar mora nadzorni fiduciar potrditi pred začetkom sodelovanja HGAA,
The restrictions set out in 4.1.1-4.1.6 shall apply only to new business as defined below:
notranje financiranje (tj. kreditne linije za refinanciranje), zagotovljeno drugim subjektom HGAA za ponovno pridobitev zavarovanj in sredstev na sodnih dražbah ali prodajah,
Definition of the Corporate, Public Finance and Retail segments
sprememba zakupov, tj. iz poslovnih zakupov v finančne zakupe, če je mogoče tveganje, ki izhaja iz sredstev poslovnega zakupa, v celoti pretvoriti v tveganje nasprotne stranke (z drugimi besedami, vsa tveganja in koristi, povezani z lastništvom v najem danega sredstva, se prenesejo z zakupodajalca na zakupnika),
The Corporate segment is defined as:
Novi posli v segmentu poslovanja s prebivalstvom
Gross exposure of at least EUR […], except in Croatia, with a threshold of EUR […].
pri proizvodih za prebivalstvo z limitom, ki jih majhna stranka že ima, kot so prekoračitve stanj, kreditne kartice in kreditne linije (obratni kapital) za majhne stranke, ki so MSP, razlika med novo odobrenim (višjim) limitom in starim (nižjim) limitom, ALI
HGAA is to provide the Monitoring Trustee with evidence that the current exposure threshold distinguishing the retail segment from the corporate segment in Croatia indeed lies at EUR […] at present and that changing the threshold would entail excessive costs.
pri amortizaciji proizvodov za prebivalstvo, ki jih stranka že ima, kot so vse vrste obročnih posojil, razlika med novo odobrenim (višjim) zneskom posojila in starim (nižjim) zneskom posojila.
Public Finance segment:
Druge opredelitve in zahteve
The Public Finance segment is defined as:
dokler lahko HGAA poroča o dodatnih povečanjih izpostavljenosti, ki so navedena v točkah 4.2.3(ii) in (iii), se povečanja izpostavljenosti obstoječih strank (na podlagi proizvoda) štejejo za nove posle.
‘sovereigns’, i.e. entities that are able to exercise sovereign powers by issuing generally binding laws or other binding regulations (States, ministries, state/government authorities, social security institutions, etc.);
Pojasnilo: zmanjšanje pogostosti obrokov (npr. z mesečnih na četrtletne) se šteje za nov posel;
exposure explicitly guaranteed by sovereigns;
majhna ali nepomembna povečanja izpostavljenosti (do […] EUR), ki so posledica pristojbin za posle in kapitaliziranih obresti ali pristojbin itd., zlasti v zvezi s posli iz točke 4.2.3.2 (npr. zamenjave valute, prestrukturiranja, konsolidacije, podaljšanja itd.), se nikoli ne štejejo za nove posle;
‘sub-sovereigns’, i.e. regional and local authorities (federal states, provinces, counties, towns, municipalities) and the political entities of the Republic of Bosnia and Herzegovina, namely the Republic of Serbia and the Federation of Bosnia and Herzegovina; and
v okviru poslov s prebivalstvom, ki vključujejo povečanje izpostavljenosti, je treba obstoj ali neobstoj novega posla določiti na ravni posameznih transakcij, da se izpostavljenost poveča na enem proizvodu (ki ga ima v lasti stranka) in se ne pobota s povečanji izpostavljenosti na drugem proizvodu.
public-sector entities (PSEs [1], provided that they enjoy a direct sovereign/sub-sovereign guarantee.
Prav tako se posojila strank ne smejo pobotati z vlogami strank;
Any entity or agency that is not a sovereign/sub-sovereign as defined above and does not have a sovereign/sub-sovereign guarantee must be treated as a corporate (institutional) client in accordance with the rules on the Corporate (institutional) segment.
finančni zakup se obravnava kot kreditno financiranje, zato je nov posel v smislu točke 4.2.3 in zanj veljajo omejitve za nove posle;
Retail segment:
poslovni zakup se obravnava kot nov posel, če je zajet v točki 4.2.3, in zato zanj veljajo omejitve za nove posle;
The Retail segment is defined as:
sprememba zakupov (npr. iz poslovnih zakupov v finančne zakupe) se ne šteje za nov posel, razen če poveča izpostavljenost tveganju banke v regulativnem ali gospodarskem smislu.
private individuals
Omejitve/izključitve
all forms of SME, i.e. privately held companies, freelancers and agricultural entities, regardless of their legal form, which meet all the following size criteria in terms of turnover and exposure:
Za naslednje posle s pomembnim tveganjem se zahteva posebna obravnava.
annual turnover of less than EUR […], and
omejitve za nove posle ne veljajo za ponudbe za posojila, ki so bile majhnim strankam predložene pred 1. januarjem 2013, pod pogojem, da so jih stranke sprejele v roku za sprejetje, ki ga določajo zakoni v zadevni državi.
gross exposure of less than EUR […], except Croatia with a threshold of EUR […] (subject to the provision of evidence as stipulated in the second indent under 4.2.1.1 above).
Ponudbe, predložene po 1. januarju 2013, morajo biti v skladu z zavezami iz točke 4.1,
New business within the Corporate and Public Finance segments
za posojila prebivalstvu, izplačana iz sredstev iz razvojnih bank in nadnacionalnih finančnih institucij (npr. EIB, EBOR, HBOR, SID itd.), iz sistemov subvencioniranih posojil državnih ali poddržavnih posojilnih ali zavarovalnih agencij ali iz javnih sredstev, se omejitve za nove posle ne uporabljajo,
General definitions
prestrukturiranje posojilnih ali zakupnih pogodb za prebivalstvo, če so bile te pogodbe sklenjene s fizičnimi osebami (zasebnimi strankami) in njihov znesek ne presega […] EUR, se ne šteje za nov posel, če se izpostavljenost ne poveča.
In principle ‘new business’ within the meaning of the restrictions on new business under points 4.1.1 to 4.1.6 is defined according to HGAA’s existing risk reporting standards and therefore encompasses either:
Upoštevati je treba naslednja načela:
risk-relevant [2] credit/leasing transactions with a completely new client (or with a group of connected clients — GoB) - i.e. ‘new client business’ (NCB); or
prestrukturiranje mora biti vedno nevtralno z vidika neto sedanje vrednosti,
increases in credit/leasing exposure with existing clients (on a product basis) - i.e. ‘exposure-increasing business’ (ExIB); and
med prestrukturiranjem se izpostavljenost do stranke NE sme povečati,