natgillin/translations-raw huggingface dataset:
Provisions forbidding the financial intermediary to transfer any right or obligation without the prior authorisation of the managing authority.
predhodna ocena v skladu s členom 37 Uredbe (EU) št. 1303/2013, ki utemeljuje finančni instrument.
ANNEX A
PRILOGA B
the ex-ante assessment required under Article 37 of Regulation (EU) No 1303/2013 justifying the financial instrument.
poslovni načrt finančnega instrumenta, vključno z naložbeno strategijo in opisom naložbene, jamstvene ali posojilne politike.
ANNEX B
PRILOGA C
the business plan of the financial instrument including the investment strategy and a description of the investment, guarantee or lending policy.
opis instrumenta, ki mora biti usklajen s podrobnimi standardnimi pogoji instrumenta in mora določati finančne parametre finančnih instrumentov.
ANNEX C
PRILOGA D
the description of the instrument which must be aligned with the detailed standard terms and conditions of the instrument and which must fix the financial parameters of the financial instruments.
Delegirana uredba Komisije (EU) št. 480/2014 z dne 3. marca 2014 o dopolnitvi Uredbe (EU) št. 1303/2013 Evropskega parlamenta in Sveta o skupnih določbah o Evropskem skladu za regionalni razvoj, Evropskem socialnem skladu, Kohezijskem skladu, Evropskem kmetijskem skladu za razvoj podeželja in Evropskem skladu za pomorstvo in ribištvo ter o splošnih določbah o Evropskem skladu za regionalni razvoj, Evropskem socialnem skladu, Kohezijskem skladu in Evropskem skladu za pomorstvo in ribištvo (UL L 138, 13.5.2014, str.
ANNEX D
5).
Commission Delegated Regulation (EU) No 480/2014 of 3 March 2014 supplementing Regulation (EU) No 1303/2013 of the European Parliament and of the Council laying down common provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development and the European Maritime and Fisheries Fund and laying down general provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund and the European Maritime and Fisheries Fund (OJ L 138, 13.5.2014, p.
PRILOGA II
5).
Posojilo za MSP na podlagi modela posojil s porazdelitvijo tveganj v portfelju
ANNEX II
Shematski prikaz načela posojil s porazdelitvijo tveganj
Loan for SMEs based on a portfolio Risk Sharing loan model (RS loan)
Posojilo s porazd. tveganja
Schematic representation of the RS loan principle
Portfelj novih posojil
Risk Sharing loan
Prispevek finančnega posrednika
Portfolio of new loans
Stopnja porazdelitve tveganja
Financial intermediary contribution
prispevek posojila s porazdelitvijo tveganja (v skladu s stopnjo porazdelitve tveganja)
Risk Sharing rate
posojila MSP pod tržno obrestno mero *
Risk Sharing Loan Contribution (according to the Risk Sharing rate)
Izterjava
Loans to SMEs below market interest rate *
Izgube iz portfelja
Recovery
ustrezen znesek, ki ga prispeva finančni posrednik
Portfolio Losses
* Ugodnost obrestne mere se v celoti prenese na lastnike
Matched Funding by the Financial Intermediary
Struktura finančnega instrumenta
* Full Benefit of interest rate is passed to SME
Posojilo s porazdelitvijo tveganja (v nadaljnjem besedilu: posojilo s porazdelitvijo tveganja ali finančni instrument) je v obliki posojilnega sklada, ki ga s prispevki iz programa in lastnimi prispevki vzpostavi finančni posrednik za financiranje portfelja na novo odobrenih posojil in ne vključuje refinanciranja obstoječih posojil.
Structure of the financial instrument
Posojilo s porazdelitvijo tveganja je na voljo v okviru operacije, ki je del prednostne osi, opredeljene v programu, ki ga sofinancira sklad ESI, in je opredeljena v okviru predhodne ocene iz člena 37 Uredbe (EU) št. 1303/2013.
The Risk Sharing loan (RS loan or financial instrument) shall take the form of a loan fund to be set up by a financial intermediary with contributions from the programme and the financial intermediary to finance a portfolio of newly originated loans, to the exclusion of the refinancing of existing loans.
Cilj instrumenta
The Risk Sharing loan shall be made available in the framework of an operation which is part of the priority axis defined in the programme co-funded by the relevant ESIF and defined in the context of the ex-ante assessment required in Article 37 of Regulation (EU) No 1303/2013.
Cilj instrumenta je:
Aim of the instrument
kombiniranje sredstev iz programa sklada ESI in sredstev finančnega posrednika, da bi se podprlo financiranje MSP v skladu s členom 37(4) Uredbe (EU) št. 1303/2013, in
The aim of the instrument shall be to:
zagotavljanje lažjega dostopa MSP do financiranja, saj instrument finančnim posrednikom zagotavlja finančni prispevek in porazdelitev kreditnega tveganja, s tem pa imajo MSP na voljo več sredstev po ugodnih pogojih v obliki znižanja obrestne mere in, če je primerno, zmanjšanja zavarovanja s premoženjem.
combine resources from the ESIF programme and the financial intermediary to support financing to SMEs as referred in Article 37(4) of Regulation (EU) No 1303/2013, and
Prispevek finančnemu posredniku iz programa sklada ESI ne izrinja financiranja, ki je na voljo pri drugih zasebnih ali javnih vlagateljih.
provide SMEs with easier access to finance by providing financial intermediary with a funding contribution and credit risk sharing and thereby offering SMEs more funds at preferential conditions in terms of interest rate reduction and if relevant collateral reduction.
Program sklada ESI finančnemu posredniku zagotovi financiranje za oblikovanje portfelja na novo odobrenih posojil MSP ter hkrati za sodelovanje pri izgubah/neizpolnjevanju obveznosti in postopkih izterjave v zvezi s posojili MSP v zadevnem portfelju za posamezno posojilo in v deležu, ki je enak prispevku programa v instrumentu.
The contribution from the ESIF programme to the financial intermediary shall not crowd out financing available from other private investors or public investors.
Če gre za strukturo sklada skladov, sklad skladov prispevek iz programa sklada ESI prenese na finančnega posrednika.
The ESIF programme shall provide funding to the financial intermediary in order to build up a portfolio of newly generated loans to SMEs, and in parallel, participate in the losses/defaults and recoveries on the SME loans in this portfolio on a loan by loan basis and in the same proportion as the programme contribution in the instrument.
Sklad skladov lahko poleg prispevka iz programa sklada ESI zagotovi tudi lastna sredstva, ki se kombinirajo s sredstvi finančnega posrednika.
In the case of fund of funds structure, the fund of funds shall transfer the contribution from the ESIF programme to the financial intermediary.
Sklad skladov je v tem primeru sorazmerno udeležen pri porazdelitvi tveganja med različnimi prispevki v portfelju posojil.
In addition to the ESIF programme contribution, the fund of funds may provide its own resources which are combined with the financial intermediary resources.
Če so sredstva, ki jih zagotovi sklad skladov, državna sredstva, je treba spoštovati pravila o državni pomoči.
The fund of funds shall in this case take the pro-rata part of the risk sharing between the different contributions in the portfolio of loans.
Vidik državne pomoči
State aid rules have to be respected if the resources provided by the fund of funds are State resources.
Posojilo s porazdelitvijo tveganja je zasnovano kot instrument brez državne pomoči, tj. plačilo finančnemu posredniku je skladno s tržnimi pogoji, finančna ugodnost se v celoti prenese s finančnega posrednika na končne prejemnike in za financiranje končnih prejemnikov se uporablja zadevna uredba de minimis.
State aid implication
Pomoč na ravni finančnega posrednika in sklada skladov je izključena, če:
The RS Loan shall be designed as a State aid free instrument, i.e. market-conform remuneration for the financial intermediary, full pass-on of financial advantage by the financial intermediary to the final recipients, and the financing provided to the final recipients are under the applicable de minimis Regulation.
finančni posrednik in organ upravljanja ali sklad skladov v katerem koli trenutku nosita izgube in koristi sorazmerno s svojimi prispevki, udeležba finančnega posrednika v posojilu s porazdelitvijo tveganja pa je gospodarsko pomembna, in
Aid at the level of the financial intermediary and the fund of funds is excluded when:
plačilo (tj. stroškov upravljanja in/ali provizije za upravljanje) finančnemu posredniku in skladu skladov odraža trenutno tržno plačilo v primerljivih razmerah, tj. kadar je slednji izbran z odprtim, preglednim, nediskriminacijskim in objektivnim izbirnim postopkom oziroma je plačilo skladno s členoma 12 in 13 Delegirane uredbe (EU) št. 480/2014 in država ni dodelila nobenih drugih ugodnosti.
the financial intermediary and the managing authority or fund of funds bear at any time the losses and benefits in proportion to their contributions (pro-rata) and there is an economically significant participation of the financial intermediary in the Risk Sharing loan, and
Če sklad skladov zgolj prenese prispevek sklada ESI na finančnega posrednika in izvaja dejavnosti v javnem interesu ter ob izvajanju ukrepa ne opravlja komercialne dejavnosti in pri vlaganju ne sodeluje z lastnimi sredstvi – zaradi česar se ne šteje za upravičenca pomoči – je dovolj, da sklad skladov ne prejme prekomernega plačila, in
The remuneration (i.e. management costs and/or fees) of the financial intermediary and the fund of funds reflects the current market remuneration in comparable situations, which is the case when the latter has been selected through an open, transparent, non-discriminatory and objective selection procedure or if the remuneration is aligned with the Articles 12 and 13 of Delegated Regulation (EU) No 480/2014 and no other advantages are granted by the State.
se finančna ugodnost javnega prispevka iz programa v instrument v celoti prenese na končne prejemnike v obliki znižanja obrestne mere.
Where the fund of fund only transfers the ESIF contribution to the financial intermediary, and has a public interest mission, and has no commercial activity when implementing the measure, and is not co-investing with its own resources — therefore it is not considered a beneficiary of aid, — it is enough that the fund of fund is not overcompensated, and
Organ upravljanja pri izbiri finančnega posrednika v skladu s členom 7(2) Delegirane uredbe (EU) št. 480/2014 oceni politiko oblikovanja cen in metodologijo za prenos finančne ugodnosti na končne prejemnike.
The financial advantage of the programme public contribution to the instrument shall be fully passed on to the final recipients in the form of an interest rate reduction.
Kadar finančni posrednik finančne ugodnosti na končne prejemnike ne prenese v celoti, se neizplačani javni prispevek prenese nazaj na organ upravljanja.
When selecting the financial intermediary, the managing authority shall, in line with the Article 7(2) of Delegated Regulation (EU) No 480/2014, asses the pricing policy and the methodology to pass on the financial advantage to the final recipients.
Na ravni MSP:
Where the financial intermediary does not pass on all the financial advantage to the final recipients, the undisbursed public contribution shall be transferred back to the managing authority.
Na ravni MSP je posojilo v skladu s pravili de minimis.
At the level of the SMEs:
Finančni posrednik za vsako posojilo, vključeno v portfelj, izračuna bruto ekvivalent nepovratnih sredstev z naslednjo metodologijo izračuna:
At the SMEs' level, the loan shall comply with the de minimis rules.
izračun bruto ekvivalenta nepovratnih sredstev = nominalni znesek posojila (v EUR) × (stroški financiranja (običajna praksa) + stroški tveganja (običajna praksa) – morebitne provizije, ki jih organ upravljanja zaračuna za prispevek iz programa finančnemu posredniku) × tehtano povprečno trajanja posojila (v letih) × stopnja porazdelitve tveganja.
For each loan inserted in the portfolio, the financial intermediary shall calculate the GGE by using the following calculation methodology:
Kadar se za namene posojila s porazdelitvijo tveganja bruto ekvivalent nepovratnih sredstev izračuna z navedeno formulo, se šteje, da je zahteva iz člena 4 uredbe de minimis [1]izpolnjena.
Calculation of the GGE = Nominal amount of the loan (EUR) × (Cost of funding (standard practice) + Cost of risk (standard practice) – Any fees charged by the managing authority on the programme contribution to the financial intermediary) × Weighted average life of the loan (Years) × Risk sharing rate.
Glede zavarovanja s premoženjem niso predpisane minimalne zahteve.
When the GGE is calculated with the above mentioned formula, for the purpose of the Risk Sharing loan, the requirement as foreseen in Article 4 of the de minimis Regulation [1]is considered to be met.
Z mehanizmom za preverjanje zagotovi, da bruto ekvivalent nepovratnih sredstev, izračunan z navedeno formulo, ni nižji od bruto ekvivalenta nepovratnih sredstev, izračunanega v skladu s členom 4(3)(c) uredbe de minimis.
There is no minimum collateral requirement.
Skupni znesek pomoči, izračunan na podlagi bruto ekvivalenta nepovratnih sredstev, ne sme presegati zneska 200000 EUR v obdobju treh poslovnih let ob upoštevanju pravila o kumulaciji za končne prejemnike iz uredbe de minimis.
A verification mechanism shall ensure that the GGE calculated with the above mentioned formula is not below than the GGE calculated following the Article 4(3)(c) of the de minimis Regulation.
Nepovratna sredstva za tehnično pomoč ali druga nepovratna sredstva za končne upravičence se kumulirajo z izračunanim bruto ekvivalentom nepovratnih sredstev.
The total amount of aid calculated with the GGE cannot be above EUR 200000 over a 3 years fiscal period taking into account the cumulation rule for final recipients in the de minimis Regulation.
Pomoč za MSP v sektorju ribištva in ribogojstva je v skladu z zadevnimi pravili uredbe de minimis za zadevni sektor.
Technical support grant or another grant provided to the final recipient shall be cumulated with the calculated GGE.
Za dejavnosti, ki jih podpira EKSRP, veljajo splošna pravila.
Regarding SMEs in the fisheries and aquaculture sector, the aid shall comply with the relevant rules of the fisheries de minimis Regulation.
Posojilna politika
For activities supported by the EAFRD, general rules apply.
Izplačilo organa upravljanja ali sklada skladov finančnemu posredniku:
Lending policy
Organ upravljanja po podpisu sporazuma o financiranju s skladom skladov ali finančnim posrednikom javne prispevke iz programa prenese na sklad skladov ali finančnega posrednika, ki zadevne prispevke vloži v namenski posojilni sklad s porazdelitvijo tveganja.
Disbursement from the managing authority or fund of funds to the financial intermediary:
Prenos se izvede v tranšah in ob upoštevanju zgornjih mej iz člena 41 Uredbe (EU) št. 1303/2013.
Following the signature of a funding agreement between the managing authority and the fund of funds or the financial intermediary, the relevant managing authority transfers public contributions from the programme to the fund of funds or the financial intermediary which places such contributions in a dedicated Risk Sharing loan fund.
Ciljni obseg posojila in razpon obrestne mere se potrdita v okviru predhodne ocene v skladu s členom 37 Uredbe (EU) št. 1303/2013 in se upoštevata pri določitvi narave instrumenta (obnovljivi ali neobnovljivi instrument).
The transfer shall be in tranches and respect the ceilings of the Article 41 of Regulation (EU) No 1303/2013.
Oblikovanje portfelja novih posojil:
The target lending volume and range of interest rate shall be confirmed within the ex-ante assessment in accordance with Article 37 of Regulation (EU) No 1303/2013and shall be taken into account to determine the nature of the instrument (revolving or non-revolving instrument).
Finančni posrednik mora v vnaprej določenem omejenem časovnem obdobju ob svojih trenutnih posojilnih dejavnostih oblikovati portfelj novih upravičenih posojil, ki je delno financiran z izplačanimi sredstvi iz programa po stopnji porazdelitve tveganja, dogovorjeni v sporazumu o financiranju.
Origination of a portfolio of new loans:
Upravičena posojila za MSP (v skladu z vnaprej določenimi merili za upravičenost na ravni posameznega posojila in portfelja) so samodejno vključena v portfelj s predložitvijo obvestil o vključitvi vsaj vsako četrtletje.
The financial intermediary shall be required to originate within a pre-determined limited period of time a portfolio of new eligible loans in addition to its current loan activities, partly funded from the disbursed funds under the programme at the risk-sharing rate agreed in the funding agreement.
Finančni posrednik ob upoštevanju veljavnih standardov dejavnosti ter ohranjanju skladnosti s finančnimi interesi in cilji politike organa upravljanja izvaja skladno posojilno politiko (zlasti glede razpršitve portfelja), ki omogoča dobro upravljanje kreditnega portfelja in razpršenost tveganja.
Eligible loans for SMEs (according to pre-defined eligibility criteria on a loan-by-loan and portfolio level) shall be automatically included in the Portfolio, by way of submitting inclusion notices at least on a quarterly basis.
Finančni posrednik opredelitev, izbor, potrebno skrbnost, vodenje evidence in izvedbo posojil končnim prejemnikom izvaja v skladu s svojimi običajnimi postopki in z načeli, določenimi v ustreznem sporazumu o financiranju.
The financial intermediary shall implement a consistent lending policy, especially regarding portfolio diversification, enabling a sound credit portfolio management and risk diversification, while complying with the applicable industry standards and while remaining aligned with the managing authority's financial interests and policy objectives.
Ponovna uporaba virov, vrnjenih finančnemu instrumentu:
The identification, selection, due diligence, documentation and execution of the loans to final recipients shall be performed by the financial intermediary in accordance with its standard procedures and in accordance with the principles set out in the relevant funding agreement.
Viri, ki se vrnejo finančnim instrumentom, se ponovno uporabijo v okviru istega finančnega instrumenta (se obnavljajo v okviru istega instrumenta), ali pa se po vračilu organu upravljanja ali skladu skladov uporabijo v skladu s členom 44 Uredbe (EU) št. 1303/2013.
Re-use of resources paid back to financial instrument:
Kadar se viri obnavljajo v okviru istega finančnega instrumenta, se zneski, ki se lahko pripišejo podpori sklada ESI in jih finančni posrednik v časovnem okviru za naložbe povrne in/ali izterja iz naslova posojil končnim prejemnikom, praviloma dajo na voljo za novo uporabo v okviru istega finančnega instrumenta.
Resources paid back to the financial instrument shall be either reused within the same financial instrument (revolving within the same financial instrument) or after being paid back to the managing authority or the fund of funds they shall be used in accordance with Article 44 of Regulation (EU) No 1303/2013.
Ta pristop obnavljanja iz členov 44 in 45 Uredbe (EU) št. 1303/2013 se vključi v sporazum o financiranju.
When revolving within the same financial instrument, as a matter of principle, the amounts that are attributable to the support of the ESIF and that are reimbursed and/or recovered by the financial intermediary from loans to final recipients within the time framework for investments shall be made available for new use within the same financial instrument.
Če se viri organu upravljanja ali skladu skladov vrnejo neposredno, se vračila izvajajo redno in odražajo naslednje elemente:
This revolving approach as referred at Articles 44 and 45 of Regulation (EU) No 1303/2013 shall be included in the funding agreement.
vračilo glavnice (sorazmerno na podlagi stopnje porazdelitve tveganja), (ii) morebitne izterjane zneske in odbitke izgub (v skladu s stopnjo porazdelitve tveganja) iz naslova posojil MSP in (iii) morebitna plačila obrestnih mer.
Alternatively, if the managing authority or the fund of funds is directly repaid, the repayments shall occur regularly mirroring (i) principal repayments (on a pro rata basis on the basis of the risk sharing rate) (ii) any recovered amounts and losses deductions (according to the risk sharing rate), of the SME loans and (iii) any interest rate payments.
Ti viri morajo biti uporabljeni v skladu s členoma 44 in 45 Uredbe (EU) št. 1303/2013.
These resources have to be used in accordance with Articles 44 and 45 of Regulation (EU) No 1303/2013.
Povračilo izgube:
Loss recoveries:
Finančni posrednik za vsako neodplačano posojilo MSP, ki ga financira finančni instrument, izvede postopke izterjave v skladu s svojimi internimi smernicami in postopki.
The financial intermediary shall take recovery actions in relation to each defaulted SME loan financed by the financial instrument in accordance with its internal guidelines and procedures.
Zneski, ki jih izterja finančni posrednik (brez morebitnih stroškov izterjave in zasega), se sorazmerno s porazdelitvijo tveganja dodelijo finančnemu posredniku in organu upravljanja ali skladu skladov.
Amounts recovered (net of recovery and foreclosure costs, if any) by the financial intermediary shall be allocated pro-rata to the risk-sharing between the financial intermediary and the managing authority or the fund of funds.
Drugo:
Others:
Obresti in drugi dobički, ki jih ustvari podpora iz skladov ESI finančnim instrumentom, se uporabijo v skladu s členom 43 Uredbe (EU) št. 1303/2013.
Interest and other gains generated by support from the ESI Funds to financial instrument shall be used as referred in Article 43 of Regulation (EU) No 1303/2013.
Politika oblikovanja cen
Pricing policy
Ko finančni posrednik predlaga oblikovanje cen, predloži politiko oblikovanja cen in metodologijo, ki zagotovita popoln prenos finančne ugodnosti javnega prispevka iz programa na upravičena MSP.
When proposing its pricing, the financial intermediary shall present a pricing policy and the methodology to ensure the full pass on of the financial advantage of the programme public contribution to the eligible SMEs.
Politika oblikovanja cen in metodologija vključujeta naslednje elemente:
The pricing policy and the methodology shall include the following elements:
obrestna mera za udeležbo finančnega posrednika je določena na tržni osnovi (tj. v skladu s politiko samega finančnega posrednika);
the interest rate on the financial intermediary participation is set at market basis (i.e. according to the financial intermediary own policy),
splošna obrestna mera, ki se zaračuna za posojila upravičenim MSP, vključena v portfelj, se mora znižati sorazmerno z dodeljenimi sredstvi, ki jih zagotovi javni prispevek iz programa.
the overall interest rate, to be charged on loans to the eligible SMEs included in the portfolio, must be reduced proportionally to the allocation provided by the public contribution of the programme.
Pri zadevnem znižanju se upoštevajo provizije, ki jih organ upravljanja morda obračuna za prispevek iz programa;
This reduction shall take into account the fees that the managing authority might charge on the programme contribution.
izračun bruto ekvivalenta nepovratnih sredstev, predstavljen v oddelku o državni pomoči, se uporabi pri vsakem posojilu, vključenem v portfelj;
The GGE calculation as presented in the State aid section shall be applied on each loan included in the Portfolio.
politika oblikovanja cen in metodologija se v obdobju upravičenosti ne spreminjata.
The pricing policy and the methodology shall remain constant during the eligibility period.
Prispevek iz programa k finančnemu instrumentu:
Programme contribution to financial instrument:
znesek in stopnja (podrobnosti o produktu)
amount and rate (product details)
Dejanska stopnja porazdelitve tveganja, javni prispevek iz programa in obrestna mera za posojila temeljijo na ugotovitvah iz predhodne ocene in zagotovijo, da je korist za končne prejemnike v skladu s pravilom de minimis.