natgillin/translations-raw huggingface dataset:
may be conducted as liquidity-providing operations (outright purchases) or liquidity-absorbing operations (outright sales);
izvajajo se na podlagi dvostranskih postopkov, razen če se ECB odloči, da se določena operacija izvede na podlagi hitre ali standardne avkcije;
have a frequency that is not standardised;
temeljijo samo na primernem tržnem finančnem premoženju, kakor je določeno v delu 4.
are executed by means of bilateral procedures, unless the ECB decides to conduct the specific operation by quick or standard tender procedures;
Za nasprotne stranke, ki sodelujejo pri dokončnih transakcijah, veljajo kriteriji primernosti, določeni v delu 3.
are based only on eligible marketable assets as specified in Part Four.
Člen 15
Counterparties participating in outright transactions shall be subject to the eligibility criteria specified in Part Three.
Obveznost zavarovanja in poravnave pri povratnih transakcijah in valutnih zamenjavah za namene denarne politike
Article 15
Pri povratnih transakcijah in valutnih zamenjavah za namene denarne politike, s katerimi Eurosistem povečuje likvidnost, morajo nasprotne stranke:
Obligations of collateralisation and settlement in reverse transactions and foreign exchange swaps for monetary policy purposes
prenesti zadostni znesek primernega finančnega premoženja v primeru povratnih transakcij ali ustrezni znesek v tuji valuti v primeru valutnih zamenjav za poravnavo zneska na dan poravnave;
With regard to liquidity-providing reverse transactions and liquidity-providing foreign exchange swaps for monetary policy purposes, counterparties shall:
zagotavljati ustrezno zavarovanje operacije do njene zapadlosti;
transfer a sufficient amount of eligible assets in the case of reverse transactions or the corresponding foreign currency amount in the case of foreign exchange swaps to settle on the settlement day;
v zvezi s točko (b), kjer je primerno, zagotoviti ustrezno zavarovanje ob pozivih h kritju v obliki zadostnega primernega finančnega premoženja ali denarnih sredstev.
ensure adequate collateralisation of the operation until its maturity;
Pri povratnih transakcijah in valutnih zamenjavah za namene denarne politike, s katerimi Eurosistem umika likvidnost, morajo nasprotne stranke:
when applicable as regards point (b), provide adequate collateralisation by way of corresponding margin calls by means of sufficient eligible assets or cash.
prenesti zadostni znesek denarnih sredstev za poravnavo zneskov, ki so jim bili dodeljeni v zadevni operaciji za umikanje likvidnosti;
With regard to liquidity-absorbing reverse transactions and liquidity-absorbing foreign exchange swaps for monetary policy purposes, counterparties shall:
Neizpolnjevanje zahtev, navedenih v odstavkih 1 in 2, se sankcionira, kjer je primerno, po členih 154 do 157.
transfer a sufficient amount of cash to settle the amounts they have been allotted in the relevant liquidity absorbing operation;
Člen 16
The failure to meet the requirements referred to in paragraphs 1 and 2 shall be sanctioned, as applicable, under Articles 154 to 157.
Obveznost poravnave pri dokončnih nakupih in prodajah, zbiranju vezanih depozitov in izdaji dolžniških certifikatov ECB
Article 16
Pri operacijah odprtega trga, ki se izvajajo v obliki dokončnih nakupov in prodaj, zbiranja vezanih depozitov in izdaje dolžniških certifikatov ECB, morajo nasprotne stranke prenesti zadostni znesek primernega finančnega premoženja ali denarnih sredstev za poravnavo zneska, dogovorjenega v transakciji.
Obligations for settlement for outright purchases and sales, the collection of fixed-term deposits and the issuance of ECB debt certificates
Neizpolnjevanje zahteve, navedene v odstavku 1, se sankcionira, kjer je primerno, po členih 154 do 157.
In open market operations executed by means of outright purchases and sales, collection of fixed term deposits and issuance of ECB debt certificates, counterparties shall transfer a sufficient amount of eligible assets or cash to settle the amount agreed in the transaction.
NASLOV II
The failure to meet the requirement as referred to in paragraph 1 shall be sanctioned, as applicable, under Articles 154 to 157.
ODPRTE PONUDBE
TITLE II
Člen 17
STANDING FACILITIES
Nacionalne centralne banke odobrijo dostop do odprtih ponudb Eurosistema na pobudo svojih nasprotnih strank.
Article 17
Odprti ponudbi sestavljata naslednji kategoriji:
The NCBs shall grant access to the standing facilities offered by the Eurosystem at their counterparties' initiative.
mejno posojilo;
Standing facilities shall consist of the following categories:
mejni depozit.
the marginal lending facility;
Pogoji odprtih ponudb so enaki v vseh državah članicah, katerih valuta je euro.
the deposit facility.
Nacionalne centralne banke odobrijo dostop do odprtih ponudb samo v skladu s cilji ECB in splošnimi vidiki denarne politike.
The terms and conditions of the standing facilities shall be identical in all Member States whose currency is the euro.
ECB lahko kadar koli prilagodi pogoje odprtih ponudb ali ju začasno ukine.
The NCBs shall only grant access to the standing facilities in accordance with the ECB's objectives and general monetary policy considerations.
Svet ECB redno odloča o obrestnih merah odprtih ponudb.
The ECB may adapt the conditions of the standing facilities or suspend them at any time.
Spremenjene obrestne mere se začnejo uporabljati z začetkom novega obdobja izpolnjevanja obveznih rezerv, kakor je opredeljeno v členu 7 Uredbe (ES) št. 1745/2003 (ECB/2003/9).
The ECB's Governing Council shall decide on the interest rates for the standing facilities on a regular basis.
ECB objavi koledar obdobij izpolnjevanja obveznih rezerv vsaj tri mesece pred začetkom vsakega koledarskega leta.
The revised interest rates shall become effective from the beginning of the new reserve maintenance period, as defined in Article 7 of Regulation (EC) No 1745/2003 (ECB/2003/9).
Ne glede na odstavek 6 lahko Svet ECB kadar koli spremeni obrestne mere odprtih ponudb.
The ECB publishes a calendar of the reserve maintenance periods at least three months before the start of each calendar year.
Člen 18
Notwithstanding paragraph 6, the ECB's Governing Council may change the interest rate for the standing facilities at any point in time.
Značilnosti mejnega posojila
Article 18
Nasprotne stranke lahko uporabijo mejno posojilo, da pridobijo likvidnost čez noč od Eurosistema s povratno transakcijo s svojo domačo NCB, po vnaprej določeni obrestni meri, z uporabo primernega finančnega premoženja kot zavarovanja.
Characteristics of the marginal lending facility
Nacionalne centralne banke zagotavljajo likvidnost v okviru mejnega posojila na podlagi pogodb o začasni prodaji ali zavarovanih posojil v skladu s pogodbenimi dogovori ali predpisi, ki jih uporabljajo te nacionalne centralne banke.
Counterparties may use the marginal lending facility to obtain overnight liquidity from the Eurosystem through a reverse transaction with their home NCB at a pre-specified interest rate using eligible assets as collateral.
Glede zneska likvidnosti, ki se lahko odobri v okviru mejnega posojila, ni nobene omejitve, pod pogojem, da se zagotovi ustrezno zavarovanje po odstavku 4.
The NCBs shall provide liquidity under the marginal lending facility by means of repurchase agreements or collateralised loans under the NCBs' applicable contractual or regulatory arrangements.
Nasprotne stranke morajo predložiti kot zavarovanje zadostno primerno finančno premoženje pred uporabo mejnega posojila.
There shall be no limit on the amount of liquidity that may be provided under the marginal lending facility, subject to the requirement to provide adequate collateral under paragraph 4.
To finančno premoženje je treba vnaprej deponirati pri zadevni NCB ali ga predložiti skupaj z zahtevo za dostop do mejnega posojila.
Counterparties are required to present sufficient eligible assets as collateral prior to using the marginal lending facility.
Člen 19
These assets should be either pre-deposited with the relevant NCB or delivered with the request for access to the marginal lending facility.
Pogoji dostopa do mejnega posojila
Article 19
Do mejnega posojila imajo dostop institucije, ki izpolnjujejo kriterije primernosti po členu 55 in imajo dostop do računa pri NCB, kjer se transakcija lahko poravna, predvsem v sistemu TARGET2.
Access conditions for the marginal lending facility
Dostop do mejnega posojila se lahko odobri samo ob dnevih, ko je sistem TARGET2 odprt za poslovanje.
Institutions fulfilling the eligibility criteria under Article 55 and which have access to an account with the NCB where the transaction can be settled, notably in TARGET2, may access the marginal lending facility.
Ob dnevih, ko SPVP niso odprti za poslovanje, se dostop do mejnega posojila odobri na podlagi primernega finančnega premoženja, ki je že bilo vnaprej deponirano pri NCB.
Access to the marginal lending facility shall be granted only on days when TARGET2 is operational.
Če NCB ali katera koli njena podružnica zaradi državnih ali regionalnih praznikov na določene delovne dneve Eurosistema ni odprta za namen izvajanja operacij denarne politike, domača NCB vnaprej obvesti svoje nasprotne stranke o ureditvi dostopa do mejnega posojila na te praznične dni.
On days when the SSSs are not operational, access to the marginal lending facility shall be granted on the basis of eligible assets which have already been pre-deposited with the NCBs.
Dostop do mejnega posojila se lahko odobri na podlagi posebnega zahtevka nasprotne stranke ali avtomatično, kakor je določeno v odstavku 5 oziroma 6.
If an NCB or any of its branches are not open for the purpose of conducting monetary policy operations on certain Eurosystem business days due to national or regional bank holidays, the home NCB shall inform its counterparties in advance of the arrangements to be made for access to the marginal lending facility on that bank holiday.
Nasprotna stranka lahko svoji domači NCB pošlje zahtevek za dostop do mejnega posojila.
Access to the marginal lending facility can be granted either based on a specific request of the counterparty or automatically, as specified in paragraph 5 and 6 respectively.
Če domača NCB prejme zahtevek najpozneje 15 minut po času zaprtja sistema TARGET2, bo NCB obravnavala zahtevek v sistemu TARGET2 še isti dan.
A counterparty may send a request to its home NCB for access to the marginal lending facility.
Rok za vložitev zahtevka za dostop do mejnega posojila se na zadnji delovni dan Eurosistema v obdobju izpolnjevanja obveznih rezerv podaljša za dodatnih 15 minut.
Provided that the request is received by the home NCB at the latest 15 minutes following the TARGET2 closing time, the NCB shall process the request on the same day in TARGET2.
V zahtevku za dostop do mejnega posojila je treba navesti znesek zahtevanega posojila.
The deadline for requesting access to the marginal lending facility shall be postponed by an additional 15 minutes on the last Eurosystem business day of a reserve maintenance period.
Nasprotna stranka mora predložiti zadostno primerno finančno premoženje kot zavarovanje za transakcijo, razen če je nasprotna stranka to finančno premoženje že vnaprej deponirala pri domači NCB po členu 18(4).
The request for access to the marginal lending facility shall specify the amount of credit required.
Ob koncu vsakega delovnega dneva se negativno stanje na poravnalnem računu nasprotne stranke pri njeni domači NCB, ki ostane po zaključku kontrolnih postopkov ob koncu dneva, avtomatično šteje kot zahtevek za dostop do mejnega posojila.
The counterparty shall deliver sufficient eligible assets as collateral for the transaction, unless such assets have already been pre-deposited by the counterparty with the home NCB pursuant to Article 18(4).
Za izpolnitev zahteve iz člena 18(4) morajo nasprotne stranke, preden pride do takega avtomatičnega zahtevka, pri svoji domači NCB vnaprej deponirati zadostno primerno finančno premoženje kot zavarovanje za transakcijo.
At the end of each business day, a negative balance on a counterparty's settlement account with its home NCB after finalisation of the end-of-day control procedures shall automatically be considered as a request for recourse to the marginal lending facility.
Neizpolnjevanje tega pogoja dostopa se sankcionira v skladu s členi 154 do 157.
In order to meet the requirement in Article 18(4), counterparties shall have pre-deposited sufficient eligible assets as collateral for the transaction with the home NCB prior to such an automatic request arising.
Člen 20
Failure to comply with this access condition shall be subject to sanctions in accordance with Articles 154 to 157.
Zapadlost in obrestna mera mejnega posojila
Article 20
Zapadlost posojila, odobrenega v okviru mejnega posojila, je čez noč.
Maturity and interest rate of the marginal lending facility
Za nasprotne stranke, ki so neposredno udeležene v sistemu TARGET2, se posojilo odplača naslednji dan, na katerega so: (a) sistem TARGET2; in (b) zadevni SPVP odprti za poslovanje, in sicer v trenutku, ko se ti sistemi odprejo za poslovanje.
The maturity of credit extended under the marginal lending facility shall be overnight.
Obrestno mero, po kateri se obrestuje mejno posojilo, objavi Eurosistem vnaprej, izračuna pa se kot linearna obrestna mera, pri čemer se za štetje dni uporablja konvencija „dejansko število dni/360 dni v letu“.
For counterparties participating directly in TARGET2, the credit shall be repaid on the next day on which: (a) TARGET2; and (b) the relevant SSSs are operational, at the time at which those systems open.
Obrestna mera, ki se uporablja za mejno posojilo, se imenuje obrestna mera mejnega posojila.
The interest rate remunerating the marginal lending facility shall be announced in advance by the Eurosystem and shall be calculated as a simple interest rate based on the actual/360 day-count convention.
Obresti mejnega posojila se plačajo skupaj z odplačilom posojila.
The interest rate applied to the marginal lending facility is referred to as the marginal lending facility rate.
Člen 21
Interest under the marginal lending facility shall be payable together with repayment of the credit.
Značilnosti mejnega depozita
Article 21
Nasprotne stranke lahko uporabijo mejni depozit za deponiranje depozitov čez noč pri Eurosistemu prek domače NCB, ki se obrestujejo po vnaprej določeni obrestni meri.
Characteristics of the deposit facility
Obrestna mera mejnega depozita je lahko: (a) pozitivna; (b) nič odstotkov; (c) negativna.
Counterparties may use the deposit facility to make overnight deposits with the Eurosystem through the home NCB, to which a pre-specified interest rate shall be applied.
Nacionalne centralne banke v zameno za depozite ne dajejo nobenega zavarovanja.
The interest rate applied to the deposit facility may be: (a) positive; (b) set at zero per cent; (c) negative.
Glede zneska, ki ga lahko nasprotna stranka deponira v okviru mejnega depozita, ni nobene omejitve.
The NCBs shall not give any collateral in exchange for the deposits.
Člen 22
There shall be no limit on the amount a counterparty may deposit under the deposit facility.
Pogoji dostopa do mejnega depozita
Article 22
Do odprte ponudbe mejnega depozita imajo dostop institucije, ki izpolnjujejo kriterije primernosti po členu 55 in imajo dostop do računa pri NCB, kjer se transakcija lahko poravna, predvsem v sistemu TARGET2.
Access conditions to the deposit facility
Dostop do mejnega depozita se lahko odobri samo ob dnevih, ko je sistem TARGET2 odprt za poslovanje.
Institutions fulfilling the eligibility criteria under Article 55 and which have access to an account with the NCB where the transaction can be settled, notably in TARGET2, may access the deposit facility.
Za odobritev dostopa do mejnega depozita mora nasprotna stranka svoji domači NCB poslati zahtevek.
Access to the deposit facility shall be granted only on days when TARGET2 is operational.
Če domača NCB prejme zahtevek najpozneje 15 minut po času zaprtja sistema TARGET2, bo NCB obravnavala zahtevek v sistemu TARGET2 še isti dan.
To be granted access to the deposit facility, the counterparty shall send a request to its home NCB.
Rok za vložitev zahtevka za dostop do mejnega depozita se na zadnji delovni dan Eurosistema v obdobju izpolnjevanja obveznih rezerv podaljša za dodatnih 15 minut.
Provided that the request is received by the home NCB at the latest 15 minutes following the TARGET2 closing time, the home NCB shall process the request on the same day in TARGET2.
V zahtevku je treba navesti znesek, ki se deponira.
The deadline for requesting access to the deposit facility shall be postponed by an additional 15 minutes on the last Eurosystem business day of a reserve maintenance period.
Zaradi obstoja različnih struktur računov pri nacionalnih centralnih bankah lahko te, po predhodni odobritvi ECB, uporabljajo pogoje dostopa, ki se razlikujejo od pogojev dostopa, navedenih v tem členu.
The request shall specify the amount to be deposited under the facility.
Nacionalne centralne banke nasprotnim strankam zagotovijo informacije o vseh takih odstopanjih od pogojev dostopa, opisanih v tem členu.
Due to the existence of different account structures across the NCBs, the NCBs, subject to the ECB's prior approval, may apply access conditions which are different from those referred to in this Article.
Člen 23
The NCBs shall provide information to the counterparties on any such deviations from the access conditions described in this Article.
Zapadlost in izračun obresti mejnega depozita
Article 23
Zapadlost depozitov v okviru mejnega depozita je čez noč.
Maturity and interest rate of the deposit facility
Za nasprotne stranke, ki so neposredno udeležene v sistemu TARGET2, zapadejo depoziti naslednji dan, na katerega je sistem TARGET2 odprt za poslovanje, in sicer v trenutku, ko se ta sistem odpre za poslovanje.
The maturity of deposits under the deposit facility shall be overnight.
Obrestno mero za depozit objavi Eurosistem vnaprej, izračuna pa se kot linearna obrestna mera, pri čemer se za štetje dni uporablja konvencija „dejansko število dni/360 dni v letu“.
For counterparties participating directly in TARGET2, deposits held under the deposit facility shall mature on the next day on which TARGET2 is operational, at the time at which this system opens.
Obresti na depozite se plačajo ob zapadlosti depozita.
The interest rate that applies to the deposit shall be announced in advance by the Eurosystem and shall be calculated as a simple interest rate based on the actual/360 day-count convention.
Uporaba negativne obrestne mere za mejni depozit povzroči plačilno obveznost imetnika depozita do domače NCB, vključno s pravico te NCB, da ustrezno bremeni račun nasprotne stranke.
Interest on the deposits shall be payable on maturity of the deposit.
NASLOV III
In cases of negative interest rates, the application of the interest rate to the deposit facility shall entail a payment obligation of the deposit holder to the home NCB, including the right of that NCB to debit the account of the counterparty accordingly.
POSTOPKI ZA OPERACIJE DENARNE POLITIKE EUROSISTEMA
TITLE III
Avkcijski in dvostranski postopki za operacije odprtega trga Eurosistema
PROCEDURES FOR EUROSYSTEM MONETARY POLICY OPERATIONS
Člen 24
Tender and bilateral procedures for Eurosystem open market operations
Vrste postopkov za operacije odprtega trga
Article 24
Operacije odprtega trga se izvajajo na podlagi avkcijskih ali dvostranskih postopkov.
Types of procedures for open market operations
Oddelek 1
Open market operations shall be executed through tender procedures or bilateral procedures.
Avkcijski postopki
Section 1
Člen 25
Tender Procedures
Pregled avkcijskih postopkov
Article 25
Avkcijski postopki se izvajajo v šestih operativnih korakih, kakor so določeni v tabeli 4.
Overview of tender procedures
Tabela 4
Tender procedures shall be performed in six operational steps, as specified in Table 4.
Operacije glavnega refinanciranja Vsak torek [14]
Table 4
Korak 1 Najava avkcije
Operational steps for tender procedures
ECB najavi avkcijo prek javnih elektronskih medijev in spletne strani ECB
Step 1 Tender announcement
NCB najavijo avkcijo prek nacionalnih elektronskih medijev in neposredno posameznim nasprotnim strankam (če menijo, da je to potrebno)
Announcement by the ECB through public wire services and the ECB's website
Korak 2 Priprava in predložitev protiponudb s strani nasprotnih strank
Announcement by the NCBs through national wire services and directly to individual counterparties (if deemed necessary)
Korak 3 Zbiranje protiponudb s strani Eurosistema
Step 2 Counterparties' preparation and submission of bids
Korak 4 Dodelitev in objava rezultatov avkcije
Step 3 Compilation of bids by the Eurosystem
Odločitev ECB o dodelitvi
Step 4 Tender allotment and announcement of tender results
Objava rezultatov dodelitve prek javnih elektronskih medijev in spletne strani ECB
ECB allotment decision
Korak 5 Pošiljanje obvestil uspešnim ponudnikom
Announcement of the allotment results through public wire services and the ECB's website
Korak 6 Poravnava transakcij
Step 5 Certification of individual allotment results
Avkcijski postopki se izvajajo v obliki standardnih avkcij ali hitrih avkcij.
Step 6 Settlement of the transactions
Operativne značilnosti standardnih in hitrih avkcij so enake, razen časovnega okvira (tabeli 5 in 6) in kroga nasprotnih strank.
Tender procedures shall be conducted in the form of standard tender procedures or quick tender procedures.
Tabela 5
The operational features of standard and quick tender procedures are identical, except for the time frame (Tables 5 and 6) and the range of counterparties.
Približen časovni okvir za operativne korake pri standardnih avkcijah (naveden je srednjeevropski čas [13]) Trgovalni dan (T)
Table 5
11:15
Indicative time frame for the operational steps in standard tender procedures (times are stated in Central European Time [13])
Objava rezultatov avkcije
a.m.
11:00
Announcement of tender results
10:00
10 a.m.
16:00
9 a.m.
ura
4 p.m.
Tabela 6
Trade day (T)
Objava rezultatov avkcije
Deadline for counterparties' submission of bids 3.30 p.m.
Najava avkcije
Tender announcement
ura
Table 6
ura
4th hour 3rd hour
Eurosistem običajno uporablja hitre avkcije za izvajanje operacij finega uravnavanja, ob upoštevanju posebnih vidikov denarne politike ali zaradi odzivanja na tržne razmere pa jih lahko uporablja tudi za strukturne operacije v obliki dokončnih transakcij.
2nd hour
Člen 27 Hitre avkcije
The Eurosystem may conduct either fixed-rate or variable rate tender procedures.
Hitre avkcije se izvedejo v roku 105 minut po najavi avkcije, obvestila uspešnim ponudnikom pa se pošljejo takoj po javni objavi rezultatov dodelitve.
Article 26
Okviren koledar rednih avkcij Eurosistema se objavi na spletnih straneh ECB in nacionalnih centralnih bank vsaj tri mesece pred začetkom koledarskega leta, za katero velja.
The Eurosystem shall use standard tender procedures for the execution of: (a) MROs; (b) LTROs; (c) specific structural operations, i.e. structural reverse operations and the issuance of ECB debt certificates.
3.
Article 27
Oddelek 2
Quick tender procedures
Pododdelek 1
Fine-tuning operations are not executed according to any pre-specified calendar.
Informacije, ki se morajo vključiti v javno najavo avkcijskega postopka, so določene v Prilogi II.
The ECB may decide to conduct fine-tuning operations on any Eurosystem business day.
ECB lahko sprejme vse ukrepe, ki so po njenem mnenju ustrezni, da se popravi napaka v najavi avkcijskega postopka, vključno s preklicem ali prekinitvijo avkcijskega postopka, ki se izvaja.
Only NCBs in relation to which the trade day, the settlement day and the reimbursement day are NCB business days participate in such operations.
Pododdelek 2
Structural operations executed by means of standard tender procedures are not performed according to any pre-specified calendar.
Priprava in predložitev protiponudb s strani nasprotnih strank
They are normally conducted and settled on days which are NCB business days in all Member States whose currency is the euro.
Člen 31
Section 2
Oblika in kraj predložitve protiponudb
Subsection 1
Protiponudbe je treba predložiti domači NCB nasprotne stranke.