natgillin/translations-raw huggingface dataset:
Provide better access to finance to targeted SMEs, addressing concrete and well identified market gaps.
Finančne institucije, ki oblikujejo portfelje novih posojil, se pri zagotavljanju posojil upravičenim MSP zanašajo na delno jamstvo za kritje izgub do omejenega zneska.
Leverage of the ESIFs to support financing for SMEs as referred in Article 37(4) of Regulation (EU) No 1303/2013.
Finančna ugodnost jamstva mora biti prenesena na končne prejemnike (npr. v obliki znižanja obrestne mere posojil in/ali zmanjšanja zavarovanja s premoženjem, vedno pa s popolnim prenosom finančne ugodnosti javnega prispevka iz programa na končne prejemnike).
The ESIF programme contribution from the managing authority takes the form of a guarantee fund managed by a financial intermediary.
Omejeno portfeljsko jamstvo je zasnovano kot instrument brez državne pomoči, tj. veljajo tržni pogoji na ravni finančnega posrednika, ki upravlja z jamstvenim skladom, in finančnih institucij, ki oblikujejo portfelje novih posojil, končni prejemniki pa se podpirajo v skladu z zadevno uredbo de minimis.
This contribution shall not crowd out guarantees available from other public or private investors.
Pomoč na ravni sklada skladov, finančnega posrednika, ki upravlja jamstveni sklad, in finančnih institucij, ki oblikujejo portfelje novih posojil, je izključena, če:
The guarantee fund managed by the financial intermediary shall commit to provide funds from the ESIF programme to the financial institutions building up portfolios of new loans in case of default of the final recipients.
plačilo (tj. stroškov upravljanja in/ali provizije za upravljanje) finančnemu posredniku in skladu skladov odraža trenutno tržno plačilo v primerljivih razmerah, tj. ko je slednji izbran z odprtim, preglednim, objektivnim in nediskriminatornim izbirnim postopkom oziroma je plačilo skladno s členoma 12 in 13 Delegirane uredbe (EU) št. 480/2014 in država ni dodelila nobene druge ugodnosti.
The Capped Guarantee Instrument shall be implemented to cover a portfolio of new loans build up by one or more financial institutions.
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 financial institutions building up portfolios of new loans shall count on a partial guarantee covering losses up to a capped amount when providing loans to eligible SMEs.
finančna institucija, ki bo z lastnimi sredstvi oblikovala portfelj novih posojil, se izbere z odprtim, preglednim, objektivnim in nediskriminatornim izbirnim postopkom, tveganje, ki ga ta finančna institucija zadrži, pa v nobenem primeru ni nižje od 20 % zneska posojila (za posamezno posojilo), in
The financial advantage of the guarantee must be passed on to the final recipients (e.g. as a reduction of the interest rate of the loans or/and collateral reduction but always with a full financial advantage of the programme public contribution passed on to the final recipients).
finančna ugodnost javnega prispevka iz programa v instrument se v obliki znižanja obrestne mere v celoti prenese na končne prejemnike.
The Capped Portfolio Guarantee shall be designed as a State aid free instrument, i.e. market conform at the level of the financial intermediary managing the guarantee fund and financial institutions building up portfolios of new loans and aid to the final recipients under the applicable de minimis Regulation.
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.
At the level of the fund of funds, the financial intermediary managing the guarantee fund, the financial institutions building up portfolios of new loans the aid is excluded when:
Kadar finančni posrednik finančne ugodnosti na končne prejemnike ne prenese v celoti, se nedodeljeni javni prispevek prenese nazaj na organ upravljanja.
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 in an open, transparent, objective and non-discriminatory selection procedure or if the remuneration is aligned with the Articles 12 and 13 of Delegated Regulation (EU) No 480/2014, and no other advantage is granted by the State.
Jamstvo mora biti povezano s specifično finančno transakcijo, imeti določen najvišji znesek in omejeno trajanje.
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
Na ravni končnih prejemnikov:
The financial institution shall be selected through an open, transparent, non-discriminatory and objective selection procedure to build up the portfolio of new loans with its own resources and the risk retained by the financial institution is in no case less than 20 % of the loan amount (on a loan by loan basis), and
Na ravni MSP je zajamčeno posojilo v skladu s pravili de minimis.
In addition, 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.
Finančni posrednik za vsako posojilo, vključeno v zajamčeni portfelj, izračuna bruto ekvivalent nepovratnih sredstev z naslednjo metodologijo izračuna:
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.
izračun bruto ekvivalenta nepovratnih sredstev = nominalni znesek posojila (v EUR) × stroški tveganja (običajna praksa) × stopnja jamstva × stopnja omejitve jamstva × tehtano povprečno trajanja posojila (v letih).
Where the financial intermediary does not pass on all the financial advantage to the final recipients, the uncommitted public contribution shall be transferred back to the managing authority.
Kadar se za namene instrumenta omejenega portfeljskega jamstva bruto ekvivalent nepovratnih sredstev izračuna z navedeno formulo, se šteje, da je zahteva iz člena 4 uredbe de minimis [1]izpolnjena.
The guarantee must be linked to a specific financial transaction, for a fixed maximum amount and limited in time.
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(6)(c) uredbe de minimis.
At the level of final recipients:
Pomoč za MSP v sektorju ribištva in ribogojstva je v skladu z zadevnimi pravili uredbe de minimis za zadevni sektor.
At the SMEs' level, the guaranteed loan shall comply with the de minimis rules.
Jamstvena politika
For each loan inserted within the guaranteed portfolio, the financial intermediary shall calculate the GGE by using the following calculation methodology:
Prenos sredstev od organa upravljanja na finančnega posrednika:
Calculation of the GGE = Nominal amount of the loan (EUR) × Cost of risk (standard practice) × Guarantee rate × Guarantee cap rate × Weighted average life of the loan (Years).
Organ upravljanja po podpisu sporazuma o financiranju s skladom skladov ali finančnim posrednikom prispevke iz programa prenese na sklad skladov ali finančnega posrednika, ki zadevne prispevke vloži v namenski jamstveni sklad.
When the GGE is calculated with the above mentioned formula, for the purpose of a Capped Portfolio Guarantee instrument, the requirement as foreseen in Article 4 of the de minimis Regulation [1]is considered to be met.
Prenos se izvede v tranšah in ob upoštevanju zgornjih mej iz člena 41 Uredbe (EU) št. 1303/2013.
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(6)(c) of the de minimis Regulation.
Finančne institucije morajo v vnaprej določenem omejenem časovnem obdobju oblikovati portfelj novih posojil MSP.
Regarding SMEs in the fisheries and aquaculture sector, the aid shall comply with the relevant rules of the fisheries de minimis Regulation
Na novo odobrena posojila MSP so delno krita s prispevkom iz programa za posamezno posojilo do določenega zneska (omejitev).
Guarantee policy
Upravičena posojila MSP so samodejno vključena v portfelj v skladu z vnaprej določenimi merili za vključitev.
Transfer from the managing authority to the financial intermediary:
Posojila MSP so samodejno vključena v portfelj, ko finančni posrednik, ki upravlja jamstveni sklad, prejme obvestilo o vključitvi, ki se predloži vsaj vsako četrtletje do konca ustreznega vključitvenega obdobja.
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 contributions from the programme to the fund of funds or to the financial intermediary which places such contributions in a dedicated guarantee fund.
Finančne institucije ob upoštevanju veljavnih standardov dejavnosti ter ohranjanju skladnosti s finančnimi interesi in cilji politike organa upravljanja izvajajo skladno posojilno politiko glede razpršitve portfelja, ki omogoča dobro upravljanje kreditnega portfelja in razpršenost tveganja.
The transfer shall be in tranches and respect the ceilings of Article 41 of Regulation (EU) No 1303/2013.
Finančne institucije opredelitev, izbor, potrebno skrbnost, vodenje evidence in izvedbo posojil končnim prejemnikom izvajajo v skladu s svojimi običajnimi postopki in načeli, določenimi v sporazumu med finančnim posrednikom in finančno institucijo, ki oblikuje portfelj novih posojil.
The financial institutions shall be required to build up within a pre-determined limited period of time portfolios of new SME loans.
Kritje izgube:
Newly originated SME loans are partly covered by the programme contribution on a loan by loan basis up to a certain amount (Cap).
Omejeno portfeljsko jamstvo krije izgube, ki jih imajo finančne institucije z vsakim neodplačanim upravičenim posojilom MSP, v skladu z obsegom jamstva v višini največ 80 %.
Eligible SME loans are automatically included in the portfolio subject to a pre-set loan inclusion criteria.
Izgube, ki jih omejeno portfeljsko jamstvo krije pri portfelju upravičenih posojil MSP, skupno ne presegajo najvišjega dovoljenega zneska jamstva.
Inclusion of SME loans shall occur automatically upon receipt by the financial intermediary managing the guarantee fund of an inclusion notice submitted at least on a quarterly basis until the end of the relevant inclusion period.
Najvišji dovoljeni znesek jamstva, ki je najvišja možna odgovornost v okviru tega instrumenta, je rezultat obsega ciljnega portfelja posojil, pomnoženega z obsegom jamstva in najvišjim dovoljenim zneskom jamstva.
The financial institutions shall implement a consistent loan policy regarding portfolio diversification, enabling a sound portfolio management and risk diversification, while complying with the applicable industry standards and while remaining appropriate to the managing authority's financial interests and policy objectives.
Najvišji dovoljeni znesek se določi v okviru predhodne ocene tveganj v skladu s členom 42(1)(b) Uredbe (EU) št. 1303/2013 in členom 8 Delegirane uredbe (EU) št. 480/2014.
The identification, selection, due diligence, documentation and execution of the loans for final recipients shall be performed by the financial institutions in accordance with their standard procedures and in accordance with the principles set out in the agreement between the financial intermediary and the financial institution building up a portfolio of new loans.
Krite izgube so zapadli, plačljivi in neporavnani zneski glavnice ter običajne obresti (brez zamudnih obresti ter morebitnih drugih stroškov in izdatkov).
Loss cover:
Izplačilo jamstva:
The Capped Portfolio Guarantee shall cover losses incurred by the financial institutions in respect of each defaulted eligible SME loan in accordance with the guarantee rate of a maximum percentage of 80 %.
Finančni posrednik, ki upravlja jamstveni sklad, po izgubi zaradi neizpolnjevanja obveznosti finančni instituciji jamstvo običajno izplača v 60 dneh.
Losses covered by the Capped Portfolio Guarantee in respect of the portfolio of eligible SME loans shall in aggregate not exceed the cap amount.
Politika oblikovanja cen in politika zavarovanj s premoženjem
The cap amount which is the maximum liability under this instrument is the product of the volume of the target loan portfolio multiplied by the guarantee rate and the guarantee cap rate.
Finančni posrednik predloži metodologijo, ki zagotovi popoln prenos finančne ugodnosti javnega prispevka iz programa na upravičena MSP.
The guarantee cap rate shall be determined as part of the ex-ante risk assessment in accordance with Article 42(1)(b) of Regulation (EU) No 1303/2013 and Article 8 of Delegated Regulation (EU) No 480/2014.
Politika oblikovanja cen/politika zavarovanj finančne institucije je v skladu z metodologijo.
Losses covered are principal amounts due, payable and outstanding and standard interest (but excluding late payment, fees and any other costs and expenses).
Politika oblikovanja cen/politika zavarovanj in metodologija vključujeta naslednje elemente:
Guarantee payment:
instrument krije največ 80 % izpostavljenosti tveganju vsakega upravičenega posojila MSP (do zgornje meje);
Following the occurrence of a loss related to a default, the financial intermediary managing the guarantee fund shall make guarantee payments to the financial institution under the Guarantee within typically 60 days.
celotna finančna ugodnost javnega prispevka iz programa se prenese na upravičena MSP v obliki znižanja zaračunane obrestne mere in/ali zmanjšanja zavarovanja s premoženjem, ki ga zahteva finančna institucija;
Pricing and collateral policies
izračun bruto ekvivalenta nepovratnih sredstev, predstavljen v oddelku o državni pomoči, se uporabi pri vsakem posojilu, vključenem v portfelj;
The financial intermediary shall present a methodology that ensures the full pass on of the financial advantage of the programme public contribution to the eligible SMEs.
finančni posrednik, ki upravlja jamstveni sklad, finančni instituciji ne zaračuna nobene provizije za jamstvo;
The financial institution shall have a pricing/collateral policy in line with the methodology.
finančna institucija zniža splošno obrestno mero in/ali zahtevano zavarovanje s premoženjem pri vsakem upravičenem posojilu MSP, vključenem v portfelj, v skladu s politiko oblikovanja cen in metodologijo, ki zagotavljata popoln prenos finančne ugodnosti.
The pricing/collateral policy and the methodology shall include the following elements:
Finančni posrednik na podlagi ustrezne analize in potrebne skrbnosti oceni in potrdi stopnjo navedenega znižanja, ki ga je predlagala finančna institucija; ta stopnja predstavlja merilo za upravičenost posojil MSP, ki se vključijo v portfelj;
The instrument shall cover a maximum of 80 % of the risk exposure of each eligible SME Loan (up to a Cap).
organ upravljanja se lahko na podlagi predhodne ocene, v kateri so opredeljena ciljna MSP, in predhodne ocene tveganj, ki določa tveganje, odloči, da bo od končnih prejemnikov zahteval plačilo provizij za jamstvo.
The entire financial advantage of the programme public contribution shall be passed on to the eligible SMEs, through a reduction of the interest rate charged and/or a reduction of the collateral required by the financial institution.
V tem primeru se bruto ekvivalent nepovratnih sredstev izračuna v skladu z že navedeno formulo v oddelku o državni pomoči ali pa je usklajen s pogoji obvestila o jamstvu.
The GGE calculation as presented in the State aid section shall be applied for each loan included in the portfolio.
Provizije, ki jih plačajo končni prejemniki, se v jamstveni sklad vrnejo kot vrnjeni viri v smislu člena 43 Uredbe (EU) št. 1303/2013;
No Guarantee fees shall be charged to the financial institution by the financial intermediary managing the guarantee fund.
Znesek in stopnja jamstva finančni instituciji (podrobnosti o produktu)
The financial institution shall reduce the overall interest rate and/or collateral requirement under each eligible SME loan included in the portfolio following the pricing policy and methodology ensuring the full pass on of the financial advantage.
Omejeno portfeljsko jamstvo izpolnjuje pogoje iz člena 8 Delegirane uredbe (EU) št. 480/2014.
The level of such reduction proposed by the financial institution shall be assessed and confirmed by the financial intermediary following the relevant analysis and due diligence and shall deemed to be an eligibility criterion for SME loans to be included in the Portfolio.
Stopnja omejitve jamstva se določi v okviru predhodne ocene tveganj v skladu s členom 42(1)(b) Uredbe (EU) št. 1303/2013 in členom 8 Delegirane uredbe (EU) št. 480/2014, v nobenem primeru pa ne preseže 25 %.
The managing authority may decide based on the ex-ante assessment which identifies the targeted SMEs and the ex-ante risk assessment that determines the risk, to require guarantee fees payable by the final recipients.
Jamstvo lahko krije pričakovane in nepričakovane izgube.
In such case, the GGE shall be calculated with the formula presented in the section on State aid here above or be aligned with the conditions of the Guarantee Notice.
Multiplikator jamstva, financiranega s prispevkom iz programa, je opredeljen kot:
The fees paid by the final recipients shall be paid back to the guarantee fund as resources returned in the sense of Article 43 of Regulation (EU) No 1303/2013.
multiplikator = (1/stopnja jamstva) × (1/stopnja omejitve jamstva).
Guarantee to financial institution amount and rate (product details)
Multiplikacijsko razmerje temelji na predhodni oceni tveganj in je enako ali višje od 5.
The Capped Portfolio Guarantee shall respect the conditions set in Article 8 of the Delegated Regulation (EU) No 480/2014.
Obseg ciljnega portfelja, ki je delno krit z jamstvom, temelji na ugotovitvah iz predhodne ocene, ki utemeljuje podporo finančnemu instrumentu (člen 37 Uredbe (EU) št. 1303/2013), in upošteva pristop obnavljanja instrumenta (če je primerno).
The Guarantee Cap rate shall be determined in the ex-ante risk assessment in accordance with Article 42(1)(b) of Regulation (EU) No 1303/2013 and Article 8 of Delegated Regulation (EU) No 480/2014 and in all cases not exceed 25 %.
Jamstvo finančni instituciji (dejavnosti)
The guarantee may cover expected and unexpected losses.
Portfelj posojil, ki se jamči z instrumentom jamstva, vključuje na novo odobrena posojila končnim prejemnikom in ne vključuje refinanciranja obstoječih posojil.
The multiplier of the guarantee financed by the programme contribution is defined as:
Merila za upravičenost za vključitev v portfelj se določijo v skladu s pravom Unije (npr. Uredbo (EU) št. 1303/2013 in pravili za posamezne sklade), programom, nacionalnimi pravili za upravičenost in skupaj s finančnim posrednikom, da se dosežeta veliko število končnih prejemnikov in ustrezna razpršenost portfelja.
Multiplier = (1/Guarantee Rate) × (1/Guarantee Cap Rate).
Finančne institucije pripravijo razumno oceno profila tveganja portfelja (na primer mejno koncentracijo po sektorjih).
The multiplier ratio shall be based on the ex-ante risk assessment and be equal to or higher than 5.
Navedena merila izražajo tržne pogoje in prakse v zadevni državi ali regiji.
The size of the target portfolio partially covered by the guarantee shall be based on the ex-ante assessment findings justifying the support to the financial instrument (Article 37 of Regulation (EU) No 1303/2013) and take into account the revolving approach of the instrument (if applicable).
Finančna institucija predhodno oceni stopnjo izterjave, ki se uporabi za izračun pričakovanega izterjanega zneska iz naslova neizpolnjenih obveznosti v portfelju in ki vpliva na oceno najvišjega dovoljenega zneska jamstva.
Guarantee to financial institution (activities)
Obveznost organa upravljanja
The loan portfolio guaranteed by the guarantee instrument shall include newly originated loans provided to the final recipients, to the exclusion of refinancing of existing loans.
Neizpolnjene obveznosti v zvezi s posojilom končnemu prejemniku pomenijo, da (i) finančna institucija kadar koli lahko dokaže (ob ravnanju v skladu s svojimi notranjimi postopki ter kot je izkazano v njenem finančnem in regulativnem poročanju), da končni prejemnik najverjetneje ne bo izpolnil svojih plačilnih obveznosti;
The eligibility criteria for inclusion in the portfolio are determined pursuant to the Union law (e.g. Regulation (EU) No 1303/2013 and Fund-specific rules), programme, national eligibility rules, and with the financial intermediary with the aim of reaching a large number of final recipients and achieving sufficient portfolio diversification.
ali (ii) končni uporabnik v vsaj 90 zaporednih koledarskih dneh ni izpolnil nobene plačilne obveznosti v okviru ustreznega posojila MSP.
Financial institutions shall have a reasonable estimation of the portfolio risk profile (concentration limit by sector for example).
Obdobje jamstva finančnega instrumenta se določi na način, ki zagotovi, da se prispevek iz programa iz člena 42 Uredbe (EU) št. 1303/2013 uporabi za jamstva za posojila, ki se končnim prejemnikom izplačajo najpozneje do 31. decembra 2023.
These criteria shall reflect market conditions and practices in the relevant country or region.
Priporočeno običajno obdobje oblikovanja portfelja posojil je največ 4 leta od podpisa sporazuma o financiranju (med organom upravljanja ali skladom skladov in finančnim posrednikom).
The financial institution shall estimate ex-ante a recovery rate to be used for calculating the amount expected to be recovered from the defaults in the portfolio, which impacts the evaluation of the guarantee cap rate.
Porazdelitev tveganja na ravni finančnega posrednika (uskladitev interesov)
Managing authority's liability
Uskladitev interesov organa upravljanja, finančnega posrednika in finančne institucije se doseže z naslednjim:
Default means, in respect of a loan to final recipient that (i) the financial institution can prove at any time (acting in accordance with its internal procedures and as reflected in its financial and regulatory reporting) that a final recipient is unlikely to meet its payment obligations;
kreditno tveganje, ki ga zadrži finančna institucija, v nobenem primeru ni manjše od 20 % na ravni posameznega posojila,
or (ii) a final recipient has failed to meet any payment obligation under the relevant SME loan which has continued for at least 90 consecutive calendar days
finančna institucija se zaveže, da bo portfelj novih posojil oblikovala z lastnimi sredstvi,
The guarantee period of the financial instrument shall be set in order to ensure that the programme contribution as referred in Article 42 of Regulation (EU) No 1303/2013 is used with guarantees of loans disbursed to final recipients no later than the 31 December 2023.
finančna ugodnost omejenega jamstva se v celoti prenese na MSP kot končne prejemnike,
The typical duration to create the portfolio of guaranteed loans is recommended to be up to 4 years from the date of signature of the funding agreement (between the managing authority or fund of funds and the financial intermediary).
plačila na uspešnosti temelječih provizij finančnemu posredniku v skladu s členoma 12 in 13 Delegirane uredbe (EU) št. 480/2014.
Risk-sharing at FI level (alignment of interest)
Upravičeni finančni posredniki in finančne institucije