natgillin/translations-raw huggingface dataset:
DCL will also undertake to cooperate with the NEC so that the ‘Dexia Crediop per la cartolarizzazione’ (‘DCC’) securitisations can be stripped in 2013 in order to replace the securitisation elements in DMA’s asset pool by the underlying assets which will then be directly held.
Banka DCL se bo tudi zavezala k sodelovanju z novo kreditno institucijo, da se bodo lahko listinjenja „Dexia Crediop per la cartolarizzazione“ odprodala v letu 2013, da se bodo sestavine listinjenja v skladu sredstev družbe DMA nadomestile z osnovnimi sredstvi, ki bodo nato v njeni neposredni lasti.
Swaps between DMA and Crediop will need to be set up for the purposes of this stripping.
Za to odprodajo bodo morale potekati zamenjave med družbama DMA in Crediop.
These swaps will then be brokered by the NEC and this brokerage will entail compensation by Dexia, to be calculated using the same methods as those used for the internal swaps brokered when the DMA disposal is closed.
Pri teh zamenjavah bo posredovala nova kreditna institucija, v to posredovanje pa bo zajeto nadomestilo skupine Dexia, ki se bo izračunalo po isti metodi, kot se uporablja za posredovanje pri notranjih zamenjavah, ko bo prodaja družbe DMA zaključena.
If swaps (or other derivatives) are used, they will be carried out directly by the NEC and/or DMA, without intervention by DCL.
Če se uporabljajo zamenjave (ali drugi izvedeni finančni instrumenti), jih izvedeta neposredno nova kreditna institucija in/ali družba DMA brez posredovanja banke DCL.
The French authorities undertake that DMA’s final shareholders will keep its capitalisation at a level sufficient to absorb any losses on its existing portfolio resulting from any materialisation of the risk of litigation connected with sensitive loans.
Francoski organi se zavezujejo, da bodo končni delničarji družbe DMA svojo kapitalizacijo ohranjali na ustrezni ravni, da se bodo lahko absorbirale vse izgube v sedanjem portfelju, ki so posledica kakršne koli uresničitve tveganja sodnega postopka, povezanega z občutljivimi posojili.
Any future recapitalisation will be subject to the prior approval of the Commission.
Vsako prihodnjo dokapitalizacijo bo morala predhodno odobriti Komisija.
DMA’s final shareholders will contribute, in accordance with the following principles, to the financing needs of the NEC and DMA:
Končni delničarji družbe DMA bodo k potrebam po financiranju nove kreditne družbe in družbe DMA prispevali po naslednjih načelih:
The needs connected with the existing pool, both for overcollateralisation and for the cash collateral linked to swaps, will be met, when the transaction is finalised, by the CDC, via the NEC.
ko bo hranilnica in posojilnica CDC prek nove kreditne institucije zaključila transakcijo, bodo izpolnjene potrebe, povezane z obstoječim skladom za presežno zavarovanje ter zavarovanje z denarnimi sredstvi v zvezi z zamenjavami.
Dexia and DCL, which will lose any direct or indirect holding in DMA’s capital as soon as the disposal of DMA is completed, will stop providing liquidity to DMA from that date;
Skupina Dexia in banka DCL, ki bosta, kakor hitro se zaključi prodaja te družbe, izgubili vsak neposreden ali posreden delež v kapitalu družbe DMA, tej od tega datuma dalje ne bosta več zagotavljali likvidnih sredstev;
The needs connected with the new production of loans will be met by the JV’s shareholders;
delničarji skupnega podjetja bodo zadostili potrebam, povezanim z novim ustvarjanjem posojil;
The French authorities stress that all shareholder contributions to the financing needs of the NEC and DMA will take place ‘at market price’ and with maturities that take account of uses.
francoski organi poudarjajo, da bodo vsi prispevki delničarjev k finančnim potrebam nove kreditne institucije in družbe DMA zagotovljeni po „tržni ceni“ in z datumi zapadlosti, pri katerih se upoštevajo nameni.
The methods used to calculate the market price of the liquidity contribution to DMA will comply with the following principles:
Pri metodah za izračun tržne cene prispevkov likvidnih sredstev za družbo DMA se bodo upoštevala naslednja načela:
For each issue, the cost of the long-term financing provided for the NEC by its shareholders at market price will be calculated from the financing costs, for the same maturities and currencies, recorded for a panel of credit institutions agreed by the NEC and its shareholders.
Pri vsaki izdaji se bodo stroški dolgoročnega financiranja, ki ga bodo novi kreditni instituciji njeni delničarji zagotovili po tržni ceni, izračunali iz stroškov financiranja na enake datume zapadlosti in za enake valute, kar se evidentira za odbor kreditnih ustanov, o katerem so se dogovorili nova kreditna institucija in njeni delničarji.
The cost of financing the NEC/DMA will be equal to the mean costs of financing the institutions forming the panel.
Stroški financiranja nove kreditne institucije / družbe DMA bodo enaki stroškom financiranja institucij, ki sestavljajo odbor.
Similarly, the cost of the short-term financing contributed to the NEC by its shareholders at market price will be equal to the average financing costs of the institutions forming the panel.
Podobno bodo stroški kratkoročnega financiranja, ki ga novi kreditni instituciji njeni delničarji zagotavljajo po tržni ceni, enaki povprečnim stroškom financiranja institucij, ki sestavljajo odbor.
The part of DMA’s balance sheet not involving existing loans to French local authorities and public health establishments, estimated at EUR [20-40] billion as at 30 September 2012, will be placed in run-off management.
Za del bilance stanja družbe DMA, v katerega niso vključena obstoječa posojila francoskim lokalnim skupnostim in ustanovam javnega zdravstva, ki je bil 30. septembra 2012 ocenjen na [20–40] milijard EUR, bo uveden likvidacijski postopek.
In practice, as is evident from what has been said in the preceding recitals, the activities of the NEC, DMA and the JV will be limited to financing activities for French local authorities and public health establishments.
Kot je razvidno iz navedb v prejšnjih uvodnih izjavah, bodo dejavnosti družbe DMA, nove kreditne institucije in skupnega podjetja v praksi omejene na dejavnosti financiranja francoskih lokalnih skupnosti in ustanov javnega zdravstva.
Part of the existing portfolio on DMA’s balance sheet lies outside those activities.
Del sedanjega portfelja bilance stanja družbe DMA ne zajema teh dejavnosti.
That part of the portfolio, which no longer corresponds to the activities to be pursued by DMA after disposal of the company, will be placed in run-off management and the JV will not be able to grant any loans to customers other than French local authority and public hospital establishment customers.
Za navedeni del portfelja, ki ne ustreza več dejavnostim, s katerimi se bo ukvarjala družba DMA po svoji prodaji, bo uveden likvidacijski postopek, skupno podjetje pa ne bo moglo odobriti nobenih posojil strankam, ki niso francoski lokalni organi in ustanove javnega zdravstva.
In contrast to what the French authorities planned in their initial plan for DMA’s disposal described in Section 2.3.5 of the conditional authorisation decision, and as presented in a memorandum from the French authorities dated April 2012, the parties to the DMA disposal operation have abandoned the ‘stop-loss’ guarantee to be granted by Dexia SA and DCL to DMA in the event of losses on the mean outstanding debts in DMA’s balance sheet, and the ‘sensitive loan’ guarantee on a portfolio of ‘sensitive’ loans of some EUR 10 billion covering both losses resulting from potential litigation and capital losses resulting from renegotiation or restructuring.
V nasprotju s tem, kar so francoski organi načrtovali v svojem prvotnem načrtu prodaje družbe DMA, opisanem v oddelku 2.3.5 sklepa o pogojnem dovoljenju, in kar je bilo predstavljeno v memorandumu francoskih organov iz aprila 2012, so stranke transakcije prodaje družbe DMA opustile jamstvo za omejitev izgube, ki naj bi ga družba Dexia SA in banka DCL odobrili družbi DMA v primeru izgub pri povprečnih neporavnanih dolgovih v bilanci stanja družbe DMA, ter jamstvo za občutljiva posojila iz portfelja občutljivih posojil v višini okrog 10 milijard EUR, s katerim se krijejo izgube, ki so posledica morebitnih sodnih postopkov, in kapitalske izgube, ki izhajajo iz novo dogovorjenih pogojev ali prestrukturiranja.
The Member States concerned have also abandoned two State guarantees that were initially planned as part of the DMA operation: a counter-guarantee by the French State on the commitments of Dexia SA and DCL in respect of the sensitive loans in DMA’s assets [52] and an extension of the refinancing guarantee by the Member States concerned in respect of the medium-term obligations of DCL on a programme of obligations […], in order to avoid early repayment clauses being applied in the event of a substantial disposal of assets.
Zadevne države članice so opustile tudi dve državni jamstvi, ki so ju sprva načrtovale kot del prodaje družbe DMA: posredno jamstvo Francije glede zavez družbe Dexia SA in banke DCL v zvezi z občutljivimi posojili v sredstvih družbe DMA [52] ter podaljšanje jamstva za refinanciranje, ki so ga zadevne države članice zagotovile v zvezi s srednjeročnimi obveznostmi družbe DCL v programu obveznosti […], da bi se izognile uporabi klavzul o predčasnem poplačilu v primeru znatne prodaje sredstev.
It is also planned that, at the time of disposal of the NEC, ‘no guarantee is granted by DCL and [Dexia] on the loans (i) concluded by DCL and transferred to DMA or (ii) concluded by DCL on behalf of DMA or (iii) concluded directly by DMA’ [53].
Načrtovano je tudi, da v času prodaje nove kreditne institucije „družbi DCL in skupina [Dexia] ne odobrita nobenega jamstva za posojila, (i) ki jih sklene banka DCL in se prenesejo družbi DMA ali (ii) ki jih v imenu družbe DMA sklene banka DCL ali (iii) ki jih sklene neposredno družba DMA“ [53].
The NEC and DMA will thus bear the losses connected with these three types of loan, especially losses arising from an irregularity or non-conformity in respect of these loans, their existence or their validity.
Torej bosta nova kreditna institucija in družba DMA krili izgube, povezane s temi tremi vrstami posojil, zlasti izgube, ki izhajajo iz nepravilnosti ali neskladnosti glede teh posojil, njihovega obstoja ali njihove veljavnosti.
However, ‘DCL will remain liable for damage awards that DCL is ordered to pay to a borrower under the terms of a loan (i) because of the prejudice suffered by this borrower and caused directly by DCL’s failure to meet its contractual, legal or regulatory obligations and (ii) which are not the result of an annulment of the loan in question, an amendment of one or more of its terms or conditions or which are not intended to place the borrower in a situation similar to that in which he would have been if the loan or one or more of its terms or conditions had been the subject matter of a judicial annulment or amendment decision’ [54].
Vendar „bo banka DCL ostala odgovorna za določitve odškodnine, ki jih mora banka DCL pod pogoji posojila plačati posojilojemalcu (i) zaradi škode, ki jo je utrpel ta posojilojemalec in ki je nastala neposredno zato, ker banka DCL ni izpolnjevala svojih pogodbenih, pravnih ali regulativnih obveznosti, ter (ii) ki niso posledica ničnosti zadevnega posojila, spremembe enega ali več pogojev posojila ali ki niso namenjeni temu, da bi se posojilojemalec znašel v podobnem položaju, v kakršnem bi se znašel, če bi bilo posojilo ali eden ali več pogojev predmet sodne ugotovitve ničnosti ali odločitve o spremembi“ [54].
According to the French authorities, ‘DMA, the NEC and the JV, whose activities will be limited to the financing of French local authorities and public hospitals, will together form a ‘development bank’ ’ [55].
Po navedbah francoskih organov: „bodo družba DMA, nova kreditna institucija in skupno podjetje, katerih dejavnosti bodo omejene na financiranje francoskih lokalnih skupnosti in javnih bolnišnic, skupaj oblikovale t. i. razvojno banko“ [55].
The French authorities have pointed out that a development bank was needed to make up for the market shortfall in financing for French local authorities and public hospitals.
Francoski organi so poudarili, da je razvojna banka potrebna zaradi nadomestitve tržnega primanjkljaja pri financiranju francoskih lokalnih skupnosti in javnih bolnišnic.
The authorities have also submitted analyses that show that the annual demand for financing from the latter is in the order of EUR 20-24 billion, while the supply from banks is limited to approximately EUR 10 billion.
Organi so tudi poslali analizo, ki kaže, da letna potreba po financiranju iz take banke znaša 20–24 milijard EUR, banke pa lahko ponudijo le približno 10 milijard EUR.
This imbalance is largely due to the withdrawal of Dexia which had a market share of some [40-50] %.
To neravnovesje je nastalo v glavnem zaradi umika skupine Dexia, ki je imela približno [40–50]-odstotni tržni delež.
The commitments connected with the DMA disposal operation and the establishment of the new bank are as follows, the authentic text being attached at Annex III:
Zaveze v zvezi s transakcijo prodaje družbe DMA in ustanovitvijo nove banke, katerih verodostojno besedilo je v Prilogi III, so:
Capital holding
Kapitalski delež
At the latest by 31 January 2013, DCL will dispose of 100 % of the NEC’s capital to the French State, the CDC and La Banque Postale at a price of EUR 1 described by the Member States concerned as a ‘market price’ corresponding to the purchase price of DMA and the price of the equipment and resources transferred by DCL, or made available to the NEC, at the latest on the date of the disposal of DMA.
Banka DCL najpozneje do 31. januarja 2013 Franciji, hranilnici in posojilnici CDC ter banki LBP proda 100 % kapitalskega deleža v novi kreditni instituciji po ceni 1 EUR, ki so jo zadevne države članice opisale kot „tržno ceno“, kar ustrezna nakupni ceni družbe DMA ter ceni opreme in virov, ki jih najpozneje na datum prodaje družbe DMA prenese banka DCL ali jih da na razpolago novi kreditni instituciji.
La Banque Postale may increase its holding in the capital of NEC at a market price determined by independent experts using methods commonly accepted in comparable cases so that its holding in the capital of the NEC is ultimately equal to the proportion of new production-related outstanding debt in DMA’s cover pool.
Banka LBP lahko poveča svoj kapitalski delež v novi kreditni instituciji po tržni ceni, ki jo z uporabo metod, ki so običajno sprejete v podobnih primerih, določijo neodvisni strokovnjaki, tako da je njen kapitalski delež v novi kreditni instituciji na koncu enak razmerju neporavnanega dolga, povezanega z novimi produkti, v kritem skladu družbe DMA.
Activities of the new development bank
Dejavnosti nove razvojne banke
The JV’s scope of activity will be limited to the financing of French local authorities and French public health establishments.
Obseg dejavnosti skupnega podjetja bo omejen na financiranje francoskih lokalnih skupnosti in francoskih ustanov javnega zdravstva.
The loans marketed will initially be recorded on the balance sheet of La Banque Postale then assigned to DMA provided that they comply with DMA’s commitment policy [56].
Tržena posojila bodo sprva evidentirana v bilanci stanja banke LBP, nato pa pripisana družbi DMA, če bodo izpolnjevala politiko zavez družbe DMA [56].
Loans not complying with the criteria of this commitment may not be assigned to DMA.
Posojila, ki ne bodo izpolnjevala meril te zaveze, se ne bodo mogla pripisati družbi DMA.
The JV’s product offer will be simple and made up of ‘plain vanilla’ products with simple and transparent tariff methods.
Skupno podjetje bo ponujalo enostavne in osnovne produkte, s preprostimi in preglednimi tarifnimi metodami.
It will comply with the conditions set out in the approved memorandum notified to the Commission on 8 October 2012 (Annex IV(b) to this Decision).
Izpolnjevala bo pogoje iz odobrenega memoranduma, ki je bil Komisiji priglašen 8. oktobra 2012 (Priloga IV(b) k temu sklepu).
Financing will be offered to French local authorities and public health establishments under market conditions that are not more attractive than those offered by other commercial banks.
Francoskim lokalnim skupnostim in ustanovam javnega zdravstva bo financiranje ponujeno pod tržnimi pogoji, ki niso privlačnejši od pogojev, ki jih ponujajo druge komercialne banke.
In particular, the JV will not feature offers that are more attractive than market practice in its commercial advertising.
Skupno podjetje pri komercialnem oglaševanju zlasti ne sme predvajati ponudb, ki so privlačnejše od tržne prakse.
It will be up to the monitoring trustee to decide how compliance with this commitment can be monitored.
Skrbnik za spremljanje bo odločil, kako se lahko spremlja izpolnjevanje te zaveze.
The activities of the NEC, DMA and the JV are authorised for a period of 15 years, with the proviso that, at the end of this period and without prejudice to the commitment in recital 227 below: 1) for local authority financing activities, this authorisation will be renewed under the same conditions provided that there is still a market shortfall; 2) for French public health establishment financing, the renewal of this authorisation will be conditional on proof of a market shortfall.
Družbi DMA, novi kreditni instituciji in skupnemu podjetju je dejavnosti dovoljeno opravljati 15 let, pod pogojem da se bo ob koncu tega obdobja in ne glede na zavezo iz uvodne izjave 227: 1) glede dejavnosti financiranja lokalnih skupnosti to dovoljenje podaljšalo pod istimi pogoji, če bo še vedno obstajal tržni primanjkljaj, ter 2) da bo glede dejavnosti financiranja francoskih ustanov javnega zdravstva podaljšanje tega dovoljenja odvisno od dokaza o tržnem primanjkljaju.
After three years from the final decision, the French authorities may ask the Commission to verify that the global business plan of the NEC, DMA and the JV complies with the profitability standards of a commercial bank with a view to their conversion, subject to authorisation by the Commission, into a commercial bank.
Francoski organi lahko po treh letih od končnega sklepa Komisijo prosijo, naj preveri, ali globalni poslovni načrt družbe DMA, nove kreditne institucije in skupnega podjetja izpolnjuje standarde donosnosti komercialne banke, da bi se preoblikovali v komercialno banko, če to odobri Komisija.
The contractual service provision links between the Dexia Group and DMA, the NEC and the JV, will be restricted to those set out in the memoranda of 8 and 11 October 2012 annexed to this Decision (Annexes IV(c) and IV(d) to this Decision) and will be invoiced at market prices.
Povezave glede pogodbenega zagotavljanja storitev med skupino Dexia in družbo DMA, novo kreditno institucijo in skupnim podjetjem bodo omejene na navedene v memorandumih z dne 8. in 11. oktobra 2012, priloženih temu sklepu (prilogi IV(c) in IV(d) k temu sklepu), fakturirane pa bodo po tržnih cenah.
For five years from the final decision, DMA, the NEC and the JV will not acquire or take holdings in an enterprise.
Družba DMA, nova kreditna institucija in skupno podjetje pet let po končnem sklepu ne bodo pridobivali ali prevzemali deležev v podjetjih.
This applies both to enterprises which have the legal status of a company and to packages of assets forming an enterprise.
To se nanaša na podjetja s pravnim statusom družb in na pakete sredstev, ki sestavljajo podjetje.
The State will ensure that DMA, the NEC and the JV comply with the legislation in force on wages and remuneration, and in particular with the remuneration ceilings applicable to banking institutions and with the restrictions directly linked to the direct or indirect holding by the State of control of DMA, the NEC and the JV.
Država bo zagotovila, da bodo družba DMA, nova kreditna institucija in skupno podjetje spoštovali zakonodajo, ki se uporablja za plače in prejemke, ter še zlasti glede zgornje meje prejemkov, ki se uporabljajo za bančne institucije, in omejitve, neposredno povezane z neposrednim ali posrednim deležem Francije pri nadzoru družbe DMA, nove kreditne institucije in skupnega podjetja.
The State undertakes to ensure that DMA, the NEC and the JV scrupulously respect the conditions that the Commission imposes in this respect when implementing the rules on State aid.
Država se zavezuje, da bo zagotovila, da bodo družba DMA, nova kreditna institucija in skupno podjetje natančno spoštovali vse pogoje, ki jih v zvezi s tem pri izvajanju pravil o državni pomoči nalaga Komisija.
In this respect, the French authorities will make the best possible use of public funds as regards the wages and remuneration paid to employees of banking institutions subject to a restructuring plan.
Francoski organi bodo v zvezi s tem čim bolje porabili javna sredstva za plače in prejemke, ki so v skladu z načrtom prestrukturiranja izplačani zaposlenim v bančnih institucijah.
The State will in particular ensure that the business plan notified to the Commission [57] is scrupulously implemented.
Država bo zlasti zagotovila, da se poslovni načrt, priglašen Komisiji [57], natančno izvaja.
The State will also notify the Commission of proposals to reduce the general and staff costs of DMA, the NEC and the JV if, at the end of the accounting year in question: (i) the margin is over 20 % lower than the objective set in the business plan [58]; (ii) the net profit (excluding provisions) is more than 25 % lower than the set objective; (iii) losses are to be recorded in the profit and loss account; or (iv) DMA, the NEC or the JV no longer comply with the minimum regulatory ratios in force.
Država bo Komisiji tudi priglasila predloge za zmanjšanje splošnih stroškov in stroškov zaposlenih družbe DMA, nove kreditne institucije in skupnega podjetja, če je ob koncu zadevnega poslovnega leta: (i) kritje za več kot 20 % nižje od cilja iz poslovnega načrta [58], (ii) je neto dobiček (iz katerega so izključene provizije) več kot 25 % nižji od zastavljenega cilja, (iii) se bodo izgube evidentirale v izkazu poslovnega izida ali (iv) družba DMA, nova kreditna institucija in skupno podjetje ne spoštujejo več veljavnih minimalnih regulativnih razmerij.
This commitment will take effect from the 2013 annual consolidated accounts.
Ta zaveza bo začela veljati od letnih konsolidiranih računovodskih izkazov za leto 2013.
Management of the existing outstanding debts on DMA’s balance sheet
Upravljanje obstoječih neporavnanih dolgov v bilanci stanja družbe DMA
Loans recorded on DMA’s balance sheet which have not been granted to French public health establishments or French local authorities will be placed in run-off management: no new loans will in particular be granted to customers outside the scope of activity defined above (recital 222).
Za posojila, evidentirana v bilanci stanja družbe DMA, ki niso bila odobrena francoskim ustanovam javnega zdravstva ali francoskim lokalnim skupnostim, bo uveden likvidacijski postopek, še zlasti pa ne bodo nobena nova posojila odobrena strankam zunaj zgoraj navedenega obsega dejavnosti (uvodna izjava 222).
Loans granted to French local authorities or French public health establishments classified outside the Gissler charter or rated as E3, E4 or E5 in the Gissler charter or having a score of 11 or more in Dexia’s internal scoring (‘sensitive loans’) will be subject to desensitisation by the NEC, financed by DMA.
Posojila, odobrena francoskim ustanovam javnega zdravstva ali francoskim lokalnim skupnostim, ki niso zajeta v Gisslerjevo listino ali po Gisslerjevi listini spadajo v kategorijo E3, E4 ali E5, v notranjem točkovanju skupine Dexia pa dosegajo 11 točk ali več (t. i. občutljiva posojila), bo nova kreditna institucija desenzibilizirala, kar bo financirala družba DMA.
This desensitisation is intended to reduce the allied risk and may go together with new production.
Ta desenzibilizacija je namenjena zmanjšanju združenega tveganja in lahko sovpada z novimi produkti.