natgillin/translations-raw huggingface dataset:
On the basis of point (b), the NCB shall calculate what is due from each party to the other at the repurchase date.
V skladu s členom 8 Uredbe (ES) št. 1745/2003 (ECB/2003/9) se rezervna imetja institucij obrestujejo po povprečni obrestni meri ECB (ponderirani glede na število koledarskih dni) za operacije glavnega refinanciranja v obdobju izpolnjevanja po naslednji formuli (pri čemer se rezultat zaokroži na najbližji cent):
The sums due from one party must be set off against the sums due from the other and only the net balance is payable by the party having the claim thereby valued at the lower amount.
kjer je:
The net balance shall be due and payable on the next day on which TARGET2 is operational to effect a payment.
obresti na rezervna imetja za obdobje izpolnjevanja t;
For the purposes of this calculation, any sums not denominated in euro must be converted into euro on the appropriate date at the rate calculated in accordance with Article 175.
povprečna dnevna rezervna imetja v obdobju izpolnjevanja t;
Each NCB shall define ‘default market value’ as set out under Article 2.
število koledarskih dni v obdobju izpolnjevanja t;
Article 178
obrestna mera za rezervna imetja za obdobje izpolnjevanja t.
Compliance with risk control measures
Uporabi se standardno zaokroževanje obrestne mere na dve decimalki; i
If the NCBs apply contractual or regulatory arrangements that include any provision for the substitution of collateral, such arrangements shall ensure that compliance with the requisite risk control measures is maintained.
i-ti koledarski dan obdobja izpolnjevanja t;
Article 179
mejna obrestna mera za zadnjo operacijo glavnega refinanciranja, poravnano na koledarski dan i ali pred njim.
Cash margins
Če institucija ne izpolni drugih obveznosti iz uredb in sklepov ECB, povezanih s sistemom obveznih rezerv Eurosistema (npr. če zadevni podatki niso poslani pravočasno ali niso točni), ima ECB pooblastilo, da naloži sankcije v skladu z Uredbo (ES) št. 2532/98 in Uredbo (ES) št. 2157/1999 (ECB/1999/4).
If the NCBs apply contractual or regulatory arrangements which include any provision for margins to be paid or returned in cash, such provision shall also stipulate that any further obligation to return or provide margins should first be satisfied by the use of cash up to the same amount, together with any interest applicable to it.
Izvršilni odbor ECB lahko opredeli in objavi kriterije, v skladu s katerimi bo uporabil sankcije iz člena 7(1) Uredbe (ES) št. 2531/98.
Article 180
PRILOGA II
Further provisions pertaining to repurchase agreements
NAJAVA AVKCIJ
Without prejudice to the provisions of this Guideline, each NCB may specify further provisions in its contractual or regulatory arrangements pertaining to repurchase agreements.
Javna najava avkcije vsebuje naslednje okvirne informacije:
CHAPTER 4
referenčna številka avkcije;
Additional minimum common features exclusive to collateralised loan arrangements
datum avkcije;
Article 181
vrsta operacije (povečevanje ali umikanje likvidnosti in vrsta instrumenta denarne politike, ki se bo uporabil);
Provision and realisation of collateral
zapadlost operacije;
As regards arrangements for providing liquidity in the form of collateralised loans, each NCB shall, in its contractual or regulatory arrangements, take account of the different procedures and formalities required to enable the creation and subsequent realisation of a security interest in the collateral which apply in its jurisdiction, such as a pledge, assignment or charge.
trajanje operacije (običajno izraženo s številom dni);
Each NCB shall apply collateralised loan arrangements that ensure that the assets provided as collateral are legally realisable by the NCB without there being prior claims over the assets concerned.
vrsta avkcije, tj. avkcija s fiksno mero ali avkcija z variabilno mero;
It shall not be possible for third parties, including the liquidating authority in the event of insolvency, to intervene and successfully claim the assets provided as collateral, in the absence of fraud, or any rights attached to them.
pri avkcijah z variabilno mero metoda dodelitve, tj. avkcija z enotno mero (avkcija nizozemskega tipa) ali avkcija z različnimi merami (avkcija ameriškega tipa);
Each NCB shall apply collateralised loan arrangements which ensure that, upon the occurrence of an event of default as specified in Article 165, it is in a legal position to realise the economic value of the assets provided as collateral.
predvideni obseg operacije, običajno samo pri operacijah dolgoročnejšega refinanciranja;
Such an event of default shall also reflect the circumstances in which the NCB can treat the counterparty as being in default under repurchase agreements.
pri avkcijah s fiksno mero fiksna obrestna mera, cena, swap točke ali razmik (referenčni indeks v primeru avkcij, vezanih na indeks, in vrsta kotacije v primeru obrestne mere ali razmika);
Article 182
najnižja ali najvišja izklicna obrestna mera, cena ali swap točka, če je predvideno;
Overnight extension of intraday operations
datum začetka in datum zapadlosti operacije, če je predvideno, ali datum poravnave in datum zapadlosti instrumenta pri izdaji dolžniških certifikatov Evropske centralne banke (ECB);
Each NCB shall apply contractual or regulatory arrangements that allow for the possibility of operations which are entered into on an intraday basis to be extended overnight.
valute, uporabljene v operaciji, in pri valutnih zamenjavah znesek v valuti, ki ostane enak v obeh delih zamenjave;
CHAPTER 5
pri valutnih zamenjavah referenčni promptni devizni tečaj, ki se uporabi za izračun protiponudbe;
Additional minimum common features exclusive to foreign exchange swaps for monetary policy purposes
morebitna zgornja meja protiponudbe;
Article 183
morebitni najnižji posamezni znesek dodelitve;
Simultaneous spot-and-forward sale and purchase agreement
morebitna najnižja stopnja dodelitve, tj. najnižji odstotek protiponudb po mejni obrestni meri, ki se dodelijo na avkciji;
Each NCB shall apply contractual or regulatory arrangements which ensure that each transaction is constituted as a simultaneous spot and forward sale and purchase of euro against one foreign currency.
rok za predložitev protiponudb;
Definition of specific terms
DODELITEV NA AVKCIJAH IN AVKCIJSKI POSTOPKI
Each NCB shall apply contractual or regulatory arrangements which define the foreign currency, spot rate, forward rate, transfer date and retransfer date in accordance with the following:
Dodelitev na avkcijah s fiksno mero
‘foreign currency’ means any lawful currency other than the euro;
Odstotek dodelitve je:
‘spot rate’ means, in relation to a specific transaction, the rate (as calculated in accordance with Article 175 applied to convert the euro amount into such amount in the foreign currency relevant for that transaction as one party shall be obliged to transfer to the other at the transfer date against payment of the euro amount and which rate shall be set out in the confirmation;
Znesek, dodeljen i-ti nasprotni stranki, je:
‘forward rate’ means the rate calculated in accordance with Article 175 and applied to convert the euro amount into such amount in the foreign currency as one party shall be obliged to transfer to the other at the retransfer date against payment of the euro amount, which rate shall be as set out in the confirmation and defined in the relevant contractual or regulatory arrangements applied by the relevant NCB;
A skupni dodeljeni znesek
‘retransfer foreign currency amount’ means such amount of foreign currency as is required to purchase the euro amount as at the retransfer date;
n skupno število nasprotnih strank
‘transfer date’ means, with regard to any transaction, the date and, where appropriate, the time on that date when the transfer of the euro amount by one party to the other is to become effective, i.e. the date and, where appropriate, the time on that date, when the parties have agreed that settlement of a transfer of the euro amount will occur;
ponujeni znesek i-te nasprotne stranke
‘retransfer date’ means, with regard to any transaction, the date and, where appropriate, the time on that date, when one party is required to retransfer the euro amount to the other.
all % odstotek dodelitve
Article 186
skupni znesek, dodeljen i-ti nasprotni stranki
Close-out netting arrangements with respect to foreign exchange swaps
Dodelitev na avkcijah z variabilno mero v eurih
Each NCB shall apply contractual or regulatory arrangements which ensure that, upon the occurrence of an event of default, that NCB is entitled to terminate and close-out all outstanding transactions.
(primer se nanaša na protiponudbe v obliki obrestnih mer)
If an event of default has occurred, each transaction shall be deemed to have been terminated and the replacement values of the euro and the retransfer foreign currency amounts shall be established by the NCB on the basis that such replacement values are the amounts that would be necessary to preserve the economic equivalent of any payments that would otherwise have been required for the NCB.
Odstotek dodelitve pri mejni obrestni meri je:
On the basis of the sums so established, the NCB shall calculate what is due from each party to the other at the retransfer date.
Znesek dodelitve i-ti nasprotni stranki pri mejni obrestni meri je:
The sums due by one party must be converted into euro where necessary in accordance with Article 175 and set off against the sums due by the other.
Skupni znesek, dodeljen i-ti nasprotni stranki, je:
Only the net balance shall be payable by the party having the claim thereby valued at the lower amount.
s-ta obrestna mera, ki jo licitirajo nasprotne stranke
Such net balance is due and payable on the next day on which TARGET2 is operational to effect such a payment.
N skupno število nasprotnih strank
Article 187
znesek, ki ga pri s-ti obrestni meri (rs) licitira i-ta nasprotna stranka
Further provisions relating to foreign exchange swaps
skupni znesek protiponudb pri s-ti obrestni meri (rs)
Without prejudice to the requirements laid down in this Guideline, each NCB may specify further provisions in relation to the conduct of foreign exchange swaps in its contractual or regulatory arrangements.
mejna obrestna mera:
PART EIGHT
r1 ≥ rs ≥ rm pri avkciji za povečevanje likvidnosti
FINAL PROVISIONS
rm ≥ rs ≥ r1 pri avkciji za umikanje likvidnosti
Article 188
obrestna mera pred mejno obrestno mero (zadnja obrestna mera, pri kateri se protiponudbe v celoti sprejmejo):
Sharing of information
rm – 1 > rm pri avkciji za povečevanje likvidnosti
The NCBs may, if necessary for the implementation of monetary policy, share with each other individual information, such as operational data, relating to counterparties participating in Eurosystem monetary policy operations.
rm > rm – 1 pri avkciji za umikanje likvidnosti
Such information shall be subject to the requirement concerning professional secrecy in Article 37 of the Statute of the ESCB.
odstotek dodelitve pri mejni obrestni meri
Article 189
dodelitev i-ti nasprotni stranki pri s-ti obrestni meri
Anti-money laundering and counter-terrorist financing legislation
Dodelitev na avkcijah valutnih zamenjav z variabilno mero
Counterparties to Eurosystem monetary policy operations shall be aware of, and comply with, all obligations imposed on them by anti-money laundering and counter-terrorist financing legislation.
Odstotek dodelitve pri mejni kotaciji swap točk je:
Article 190
Znesek dodelitve i-ti nasprotni stranki pri mejni kotaciji swap točk je:
Repeal
A = skupni dodeljeni znesek
Guideline ECB/2011/14 is repealed from 1 May 2015.
s-ta kotacija swap točk, ki jo licitirajo nasprotne stranke
References to the repealed Guideline shall be construed as references to this Guideline and be read in accordance with the correlation table set out in Annex XIII.
N = skupno število nasprotnih strank
Article 191
znesek pri s-ti kotaciji swap točk (Ds), ki ga licitira i-ta nasprotna stranka
Taking effect, application and implementation
skupni znesek protiponudb pri s-ti kotaciji swap točk (Δs)
This Guideline shall take effect on the day of its notification to the NCBs.
mejna kotacija swap točk:
All provisions of this Guideline shall apply from 1 May 2015 except those detailed in Article 142 which shall apply from 1 November 2015.
Δm ≥ Δs ≥ Δ1 pri valutni zamenjavi za povečevanje likvidnosti
The NCBs shall forward to the ECB the texts and means by which they intend to comply with the provisions of this Guideline that represent substantive changes compared to Guideline ECB/2011/14 by 16 February 2015, at the latest.
Δ1 ≥ Δs ≥ Δm pri valutni zamenjavi za umikanje likvidnosti
Article 192
kotacija swap točk pred mejno kotacijo swap točk (zadnja kotacija swap točk, pri kateri se protiponudbe v celoti sprejmejo):
Addressees
Δm > Δm – 1 pri valutni zamenjavi za povečevanje likvidnosti
This Guideline is addressed to all Eurosystem central banks.
Δm – 1 > Δm pri valutni zamenjavi za umikanje likvidnosti
Done at Frankfurt am Main, 19 December 2014.
odstotek dodelitve pri mejni kotaciji swap točk
For the Governing Council of the ECB
dodelitev i-ti nasprotni stranki pri s-ti kotaciji swap točk
The President of the ECB
PRILOGA IV
Guideline ECB/2011/14 of 20 September 2011 on monetary policy instruments and procedures of the Eurosystem (OJ L 331, 14.12.2011, p. 1).
OBJAVA REZULTATOV AVKCIJE
Council Regulation (EC) No 2531/98 of 23 November 1998 concerning the application of minimum reserves by the European Central Bank (OJ L 318, 27.11.1998, p. 1).
Javno sporočilo o rezultatih avkcije vsebuje naslednje okvirne informacije:
Regulation (EC) No 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves (ECB/2003/9) (OJ L 250, 2.10.2003, p. 10).
vrsta operacije;
Guideline ECB/2012/27 of the European Central Bank of 5 December 2012 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (OJ L 30, 30.1.2013, p. 1).
skupni znesek protiponudb s strani nasprotnih strank Eurosistema;
Council Regulation (EC) No 2532/98 of 23 November 1998 concerning the powers of the European Central Bank to impose sanctions (OJ L 318, 27.11.1998, p. 4).
število ponudnikov;
European Central Bank Regulation (EC) No 2157/1999 of 23 September 1999 on the powers of the European Central Bank to impose sanctions (ECB/1999/4) (OJ L 264, 12.10.1999, p. 21).
pri valutnih zamenjavah valute, uporabljene v operaciji;
Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.2013, p. 338).
skupni dodeljeni znesek;
Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1).
pri avkcijah s fiksno mero odstotek dodelitve;
Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies (OJ L 302, 17.11.2009, p. 1).
pri valutnih zamenjavah promptni devizni tečaj;
Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union (ESA 2010) (OJ L 174, 26.6.2013, p. 1).
pri avkcijah z variabilno mero sprejeta mejna obrestna mera, cena, swap točke ali razmik in odstotek dodelitve pri mejni obrestni meri, ceni ali swap točkah;
Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (OJ L 302, 17.11.2009, p. 32).
pri avkcijah z različnimi merami najnižja izklicna obrestna mera in najvišja izklicna obrestna mera, tj. najnižja in najvišja obrestna mera, po kateri so nasprotne stranke predložile protiponudbe na avkcijah z variabilno mero, ter tehtana povprečna obrestna mera dodelitve;
Subject to Article 7(4).
morebiten datum začetka in datum zapadlosti operacije ali datum poravnave in datum zapadlosti instrumenta v primeru izdaje dolžniških certifikatov Evropske centralen banke (ECB);
Central European Time (CET) takes account of the change to Central European Summer Time.
morebitna najnižja stopnja dodelitve;
Special scheduling can take place due to holidays.
največje število protiponudb posamezne nasprotne stranke (pri avkcijah z variabilno mero se v primeru, da namerava ECB omejiti število protiponudb, za največje število običajno določi deset protiponudb posamezne nasprotne stranke).
Due to the holiday period, the December operation is normally brought forward by one week, i.e. to the preceding Wednesday of the month.
Izbor nasprotnih strank za posege Eurosistema na deviznem trgu temelji na dveh sklopih kriterijev, ki se nanašata na načeli skrbnega in varnega poslovanja ter učinkovitosti.
The settlement date refers to Eurosystem business days.
Kriteriji, ki se nanašajo na učinkovitost, se uporabijo šele potem, ko so bili uporabljeni kriteriji, ki se nanašajo na načelo skrbnega in varnega poslovanja.
T refers to the trade day.
kreditna sposobnost nasprotne stranke, ki se ocenjuje s pomočjo kombinacije različnih metod, npr. z uporabo bonitetnih ocen, ki jih pripravljajo komercialne agencije, ter z lastno analizo kapitalskih in drugih količnikov poslovanja; (b) nasprotno stranko nadzira priznani nadzornik;
Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (OJ L 173, 12.6.2014, p. 349).
nasprotna stranka ima dobro ime in izpolnjuje visoke etične standarde.
Information on the credit quality steps is published on the ECB's website.
4.
Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments amending Council Directives 85/611/EEC and 93/6/EEC and Directive 2000/12/EC of the European Parliament and of the Council and repealing Council Directive 93/22/EEC (OJ L 145, 30.4.2004, p.
Kriteriji, ki se nanašajo na načelo učinkovitosti, so med drugim:
1).
konkurenčno določanje cen s strani nasprotne stranke in njena sposobnost, da učinkovito opravlja devizne posle velikega obsega v vseh tržnih pogojih; in (b) kakovost in obseg informacij, ki jih zagotavlja nasprotna stranka.
ANNEX I
Informacije o zavarovanju
MINIMUM RESERVES
Skrbnik
The content of this Annex is for information purposes only.
Posojilo
In the event of conflict between this Annex and the legal framework for the Eurosystem's minimum reserve system as described in paragraph 1, the latter prevails.
Nasprotna stranka A
Pursuant to Article 19 of the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statue of the ESCB’), the European Central Bank (ECB) requires credit institutions to hold minimum reserves on accounts with national central banks (NCBs) within the framework of the Eurosystem's minimum reserve system.
Država A
The legal framework for this system is laid down in Article 19 of the Statute of the ESCB, Regulation (EC) No 2531/98 and Regulation (EC) No 1745/2003 (ECB/2003/9).
Država B
The application of Regulation (EC) No 1745/2003 (ECB/2003/9) ensures that the terms and conditions of the Eurosystem's minimum reserve system are uniform throughout Member States whose currency is the euro.
Zavarovanje
The Eurosystem's minimum reserves system primarily pursues the aims of stabilising money market interest rates and creating (or enlarging) a structural liquidity shortage.
Navodilo za prenos
In accordance with Article 2(1) of Regulation (EC) No 1745/2003 (ECB/2003/9), the Eurosystem's minimum reserve system applies to credit institutions established in Member States whose currency is the euro.
PRILOGA VI
In addition, branches in the euro area of credit institutions not incorporated in the euro area are also subject to the Eurosystem's minimum reserve system.
UPORABA PRIMERNEGA FINANČNEGA PREMOŽENJA ZA ČEZMEJNO ZAVAROVANJE TERJATEV I. KORESPONDENČNI CENTRALNOBANČNI MODEL (CCBM)
However, branches established outside the euro area of credit institutions incorporated in the euro area are not subject to this system.
Korespondenčni centralnobančni model (CCBM)
Pursuant to Article 2(2) of Regulation (EC) No 1745/2003 (ECB/2003/9), institutions will be automatically exempt from reserve requirements from the start of the maintenance period within which their authorisation is withdrawn or surrendered, or within which a decision to submit the institution to winding-up proceedings is taken by a judicial authority or any other competent authority of a Member State.
Uporaba primernega finančnega premoženja, ki je deponirano v državi B, s strani nasprotne stranke, ustanovljene v državi A, za pridobitev posojila od nacionalne centralne banke (NCB) države A Zavarovanje Skrbnik SPVP NCB B NCB A
Pursuant to Article 2(2) of Regulation (EC) No 1745/2003 (ECB/2003/9), the ECB may exempt, on a non-discriminatory basis, the institutions listed in points (a) to (c) thereof from reserve requirements.
Informacije o zavarovanju Navodilo za prenos
Such institutions include, inter alia, institutions subject to reorganisation measures and institutions subject to the freezing of funds and/or other measures imposed by the Union under Article 75 of the Treaty or by a Member State restricting the use of their funds or a decision of the ECB's Governing Council suspending or excluding their access to open market operations or the Eurosystem's standing facilities.
Informacije o zavarovanju
Pursuant to Article 2(3) of Regulation (EC) No 1745/2003 (ECB/2003/9), the ECB establishes and maintains a list of institutions subject to the Eurosystem's minimum reserve system.
Država A
The ECB also publishes a list of any institutions exempt from their obligations under this system for reasons other than their being subject to reorganisation measures or the freezing of funds and/or other measures imposed by the Union under Article 75 of the Treaty or by a Member State restricting the use of their funds or in respect of which the ECB's Governing Council issued a decision suspending or excluding their access to open market operations or the Eurosystem's standing facilities.
Država B
The reserve base of each institution is determined in relation to elements of its balance sheet.
Nasprotna stranka A Posojilo
The balance sheet data are reported to the NCBs within the general framework of the ECB's monetary and financial statistics.
Vse nacionalne centralne banke imajo druga pri drugi odprte račune vrednostnih papirjev za uporabo primernega finančnega premoženja za čezmejno zavarovanje terjatev.
Institutions calculate the reserve base in respect of a particular maintenance period on the basis of the data relating to the month that is two months prior to the month within which the maintenance period starts pursuant to Article 3(3) of Regulation (EC) No 1745/2003 (ECB/2003/9), subject to the exceptions for tail institutions, as laid down in Article 3(4) of the same Regulation.
Natančen postopek za CCBM je odvisen od tega, ali je primerno finančno premoženje označeno za vsako posamezno transakcijo ali pa se vodi v skladu finančnega premoženja za zavarovanje terjatev.
The reserve ratios are determined by the ECB subject to the maximum limit specified in Regulation (EC) No 2531/98.
2.
The amount of minimum reserves to be held by each institution in respect of a particular maintenance period are calculated by applying the reserve ratios to each relevant item of the reserve base for that period.
V sistemu označevanja finančnega premoženja za zavarovanje terjatev nasprotna stranka takoj, ko njena domača NCB sprejme njeno protiponudbo za posojilo, da navodilo, po potrebi prek svojega skrbnika, sistemu poravnave vrednostnih papirjev (SPVP) v državi, v kateri se nahaja tržno finančno premoženje, da ga prenese na centralno banko te države (v nadaljnjem besedilu: korespondenčna centralna banka) za račun domače NCB.