natgillin/translations-raw huggingface dataset:
Where the applicable legislation or prospectus exclude the inclusion of ABSs that do not comply with paragraph 1 as cover pool assets, no verification pursuant to paragraph 2 shall be required.
če je vsak izdajatelj solidarno odgovoren za obveznosti drugih izdajateljev izdaje ali, kjer je to ustrezno, programa ali serije izdaj, se upošteva najvišja bonitetna ocena izmed najboljših bonitetnih ocen zunanjih bonitetnih institucij za vse zadevne izdajatelje; ali
For the purposes of paragraph 1(b), the close links shall be determined at the time that the senior units of the asset-backed securities are transferred into the cover pool of the covered bond.
če kateri koli izdajatelj ni solidarno odgovoren za obveznosti vseh drugih izdajateljev izdaje ali, kjer je to primerno, programa ali serije izdaj, se upošteva najnižja bonitetna ocena izmed najboljših bonitetnih ocen zunanjih bonitetnih institucij za vse zadevne izdajatelje.
Specific eligibility criteria for debt certificates issued by the Eurosystem
Člen 86
Article 81
Bonitetne ocene v valutah, ki niso euro
Eligibility criteria for debt certificates issued by the Eurosystem
Bonitetne ocene v tuji valuti so sprejemljive kot ocene zunanjih bonitetnih institucij za izdajatelja.
Debt certificates issued by the ECB and debt certificates issued by the NCBs prior to the date of adoption of the euro in their respective Member State whose currency is the euro shall be eligible as collateral for Eurosystem credit operations.
Če je finančno premoženje denominirano v domači valuti izdajatelja, je sprejemljiva tudi bonitetna ocena v lokalni valuti.
Debt certificates issued by the Eurosystem shall not be subject to the criteria laid down in this Chapter.
Člen 87
Eurosystem's credit quality requirements for marketable assets
Kriteriji preverjanja kreditne kvalitete za tržno finančno premoženje, kadar bonitetna ocena sprejete zunanje bonitetne institucije ne obstaja
Article 82
Če ustrezna bonitetna ocena sprejete zunanje bonitetne institucije za izdajo, izdajatelja ali garanta ne obstaja, kakor bi se uporabila v skladu s členom 84(a) ali (b), Eurosistem izpelje implicitno bonitetno oceno tržnega finančnega premoženja (razen za listinjene vrednostne papirje) v skladu s pravili, določenimi v odstavkih 2 in 3.
Further to the general rules set out in Article 59 and to the specific rules set out in Article 84, marketable assets shall comply with the following credit quality requirements in order to be eligible as collateral for Eurosystem credit operations:
Ta implicitna bonitetna ocena mora izpolnjevati zahteve Eurosistema glede kreditne kvalitete.
With the exception of ABSs, all marketable assets shall have a credit assessment provided by at least one accepted ECAI system, expressed in the form of a public credit rating, in compliance with, as a minimum, credit quality step 3 in the Eurosystem's harmonised rating scale.
Če dolžniške instrumente izda ali zanje jamči regionalna država, lokalna oblast ali „subjekt javnega sektorja“, kakor je opredeljen v členu 4(8) Uredbe (EU) št. 575/2013 (v nadaljnjem besedilu: subjekt javnega sektorja iz uredbe o kapitalskih zahtevah), s sedežem v državi članici, katere valuta je euro, Eurosistem določi bonitetno oceno v skladu z naslednjimi pravili.
ABSs shall have credit assessments that are provided by at least two different accepted ECAI systems expressed in the form of two public credit ratings, one provided by each of these ECAI systems, in compliance with, as a minimum, credit quality step 2 in the Eurosystem's harmonised rating scale.
Če so izdajatelji ali garanti regionalne države, lokalne oblasti ali subjekti javnega sektorja iz uredbe o kapitalskih zahtevah, ki jih pristojni organi za namene kapitalskih zahtev obravnavajo po členih 115(2), 116(1) in 116(4) Uredbe (EU) št. 575/2013 enako kot centralna država, pod katere jurisdikcijo so ustanovljeni, se dolžniškim instrumentom, ki jih izdajo ali zanje jamčijo ti subjekti, dodeli stopnja kreditne kvalitete, ki ustreza najboljši bonitetni oceni katere koli izmed sprejetih zunanjih bonitetnih institucij za centralno državo, pod katere jurisdikcijo so ti subjekti ustanovljeni.
The Eurosystem may request any clarification that it considers necessary as regards the public credit rating referred to in paragraph 1.
Če so izdajatelji ali garanti regionalne države, lokalne oblasti in subjekti javnega sektorja iz uredbe o kapitalskih zahtevah, ki jih pristojni organi za namene kapitalskih zahtev obravnavajo po členih 115(2) in 116(2) Uredbe (EU) št. 575/2013 enako kot kreditne institucije, se dolžniškim instrumentom, ki jih izdajo ali zanje jamčijo ti subjekti, dodeli stopnja kreditne kvalitete, ki je eno stopnjo kreditne kvalitete nižja od najboljše bonitetne ocene katere koli izmed sprejetih zunanjih bonitetnih institucij za centralno državo, pod katere jurisdikcijo so ti subjekti ustanovljeni.
Article 83
Če so izdajatelji ali garanti subjekti javnega sektorja iz uredbe o kapitalskih zahtevah, ki niso navedeni v točkah (a) in (b), se implicitna bonitetna ocena ne izpelje in se obravnavajo enako kot subjekti zasebnega sektorja.
Types of ECAI credit assessments used for credit quality assessments of marketable assets
Če dolžniške instrumente izdajo ali zanje jamčijo nefinančne družbe, ustanovljene v državi članici, katere valuta je euro, Eurosistem določi bonitetno oceno na podlagi pravil o bonitetni oceni, ki se uporabljajo za bonitetno oceno bančnih posojil v poglavju 2 naslova III.
The following types of ECAI credit assessments from accepted ECAIs shall be used in determining compliance with the credit quality requirements applicable to marketable assets.
Finančno premoženje, katerega kreditna kvaliteta se oceni v skladu s pravili iz tega odstavka, se ne vključi na javni seznam primernega tržnega finančnega premoženja.
An ECAI issue rating this rating refers to an ECAI credit assessment assigned to either an issue or, in the absence of an issue rating from the same ECAI, the programme or issuance series under which an asset is issued.
Tabela 9
An ECAI assessment for a programme or issuance series shall only be relevant if it applies to the particular asset in question and a different issue rating from the same ECAI does not exist.
Implicitna bonitetna ocena za izdajatelje ali garante, ki so brez bonitetne ocene zunanjih bonitetnih institucij
For ECAI issue ratings, the Eurosystem shall make no distinction in respect of the original maturity of the asset.
Razporeditev izdajateljev ali garantov po Uredbi (EU) št. 575/2013
Any ECAI rating assigned to the issue or programme or issuance series shall be acceptable.
Izpeljava implicitne bonitetne ocene znotraj bonitetnega okvira Eurosistema za izdajatelja ali garanta, ki spada v ustrezen razred
An ECAI issuer rating this rating refers to an ECAI credit assessment assigned to an issuer.
Razred 1
For ECAI issuer ratings, the Eurosystem shall make a distinction in respect of the original maturity of the asset as regards the acceptable ECAI credit assessment.
Regionalne države, lokalne oblasti in subjekti javnega sektorja iz uredbe o kapitalskih zahtevah, ki jih pristojni organi za namene kapitalskih zahtev obravnavajo na enak način kakor centralno državo
The distinction shall be made between:
Dodeli se jim bonitetna ocena zunanje bonitetne institucije za centralno državo, v kateri so ustanovljeni
short-term assets, i.e. those assets with an original maturity of up to and including 390 days; and
Razred 2
long-term assets, i.e. those assets with an original maturity of more than 390 days.
Regionalne države, lokalne oblasti in subjekti javnega sektorja iz uredbe o kapitalskih zahtevah, ki jih pristojni organi za namene kapitalskih zahtev obravnavajo enako kakor kreditne institucije
For short-term assets, ECAI short-term and long-term issuer ratings shall be acceptable.
Dodeli se jim bonitetna ocena, ki je eno stopnjo kreditne kvalitete [18] nižja od bonitetne ocene zunanje bonitetne institucije za centralno državo, v kateri so ustanovljeni
For long-term assets, only ECAI long-term issuer ratings shall be acceptable.
Razred 3
An ECAI guarantor rating this rating refers to an ECAI credit assessment assigned to a guarantor, if the guarantee meets the requirements of Title IV.
Drugi subjekti javnega sektorja iz uredbe o kapitalskih zahtevah
For ECAI guarantor ratings, the Eurosystem shall make no distinction in respect of the original maturity of the asset.
Obravnavajo se kot izdajatelji ali dolžniki zasebnega sektorja
Only ECAI long-term guarantor ratings shall be acceptable.
Člen 88
Article 84
Dodatne zahteve glede kreditne kvalitete listinjenih vrednostnih papirjev
Priority of ECAI credit assessments in respect of marketable assets
Pri listinjenih vrednostnih papirjih se izpolnjevanje zahteve glede kreditne kvalitete preverja na podlagi javne bonitetne ocene, ki je pojasnjena v javno dostopnem bonitetnem poročilu, tj. v poročilu o novi izdaji.
For marketable assets, ECAI credit assessments which determine the compliance of the asset with the credit quality requirements shall be taken into account by the Eurosystem in accordance with the following rules:
Javno dostopno bonitetno poročilo mora med drugim vsebovati celovito analizo strukturnih in pravnih vidikov, podrobno oceno sklada zavarovanja, analizo udeležencev pri listinjenem vrednostnem papirju ter analizo vseh drugih pomembnih podrobnosti listinjenega vrednostnega papirja.
For marketable assets other than marketable assets issued by central governments, regional governments, local governments, agencies, multilateral development banks or international organisations and ABSs, the following rules shall apply.
Poleg zahteve iz odstavka 1 se za listinjene vrednostne papirje zahtevajo redna nadzorna poročila, ki jih objavijo sprejete zunanje bonitetne institucije.
The Eurosystem shall consider ECAI issue ratings in priority to ECAI issuer or ECAI guarantor ratings.
Ta poročila se morajo objaviti najpozneje štiri tedne po datumu plačila kuponskih izplačil listinjenih vrednostnih papirjev.
Without prejudice to the application of this priority rule, in accordance with Article 82(1)(a), at least one ECAI credit assessment must comply with the Eurosystem's applicable credit quality requirements.
Referenčni datum teh poročil je datum zadnjega plačila kuponskega izplačila razen pri listinjenih vrednostnih papirjih, pri katerih se kuponska izplačila plačujejo mesečno, kjer se mora nadzorno poročilo objaviti najmanj četrtletno.
If multiple ECAI issue ratings are available for the same issue, then the first-best of those ECAI issue ratings shall be taken into account by the Eurosystem.
Nadzorna poročila morajo vsebovati vsaj ključne podatke o listinjenem vrednostnem papirju, npr. sestavo sklada zavarovanja, udeležence v transakciji, kapitalsko strukturo ter podatke o poslovanju.
If the first-best ECAI issue rating does not comply with the Eurosystem's credit quality threshold for marketable assets, the asset shall not be eligible, even if a guarantee that is acceptable under Title IV exists.
KRITERIJI PRIMERNOSTI IN ZAHTEVE GLEDE KREDITNE KVALITETE NETRŽNEGA FINANČNEGA PREMOŽENJA
In the absence of any ECAI issue rating, an ECAI issuer or ECAI guarantor rating may be considered by the Eurosystem.
Kriteriji primernosti za netržno finančno premoženje
If multiple ECAI issuer and/or ECAI guarantor ratings are available for the same issue, then the first-best of those ratings shall be taken account by the Eurosystem.
Kriteriji primernosti za bančna posojila
For marketable assets issued by central governments, regional governments, local governments, agencies, multilateral development banks or international organisations, the following rules shall apply.
Člen 89
In accordance with Article 82(1)(a), at least one ECAI credit assessment must comply with the Eurosystem's applicable credit quality requirements.
Primerna vrsta finančnega premoženja
The Eurosystem shall only consider ECAI issuer or ECAI guarantor ratings.
Primerna vrsta finančnega premoženja je bančno posojilo, ki je dolžniška obveznost dolžnika do nasprotne stranke.
If multiple ECAI issuer and ECAI guarantor ratings are available, the first-best of those ratings shall be taken into account by the Eurosystem.
Bančna posojila s postopnim odplačevanjem glavnice, tj. kjer se glavnica in obresti odplačujejo po vnaprej določenem načrtu, in izkoriščene kreditne linije so primerna bančnega posojila.
Covered bonds issued by agencies shall not be assessed in accordance with the rules in this point and shall instead be assessed in accordance with point (a).
Prekoračitve stanja na tekočem računu, akreditivi in neizkoriščene kreditne linije, npr. neizkoriščen del revolving posojila, ki dovoljujejo uporabo posojila, vendar sami po sebi niso bančna posojila, niso primerna bančna posojila.
For ABSs, the following rules shall apply.
Delež v sindiciranem posojilu je primerno bančno posojilo.
In accordance with Article 82(1)(b), at least two ECAI credit assessments shall comply with the Eurosystem's applicable credit quality requirements.
Za namene tega oddelka delež v sindiciranem posojilu pomeni bančno posojilo, ki je posledica udeležbe posojilodajalca pri posojilu, ki ga zagotovi skupina posojilodajalcev v sindikatu.
The Eurosystem shall only consider ECAI issue ratings.
Bančno posojilo, ki se odobri zunaj strogega posojilnega razmerja, lahko predstavlja primerno vrsto finančnega premoženja.
If more than two ECAI issue ratings are available, the first- and second-best of such ECAI issue ratings shall be taken into account by the Eurosystem.
Terjatev, neločljivo povezana z nekaterimi strukturami najemov ali odkupov terjatev, se lahko uvrsti med primerno vrsto finančnega premoženja, če predstavlja bančno posojilo.
Article 85
Terjatve, kupljene v okviru odkupov terjatev, se lahko uvrstijo med primerno vrsto finančnega premoženja samo v primeru, če dejansko predstavljajo bančna posojila za razliko od drugih terjatev, kot so terjatve za prodajno ceno.
Multi-issuer securities
Člen 90
For marketable assets with more than one issuer (multi-issuer securities), the applicable ECAI issuer rating shall be determined on the basis of each issuer's potential liability as follows:
Znesek glavnice in kuponi bančnih posojil
If each issuer is jointly and severally liable for the obligations of all other issuers under the issue or, if applicable, for the programme, or issuance series, the ECAI issuer rating to be considered shall be the highest rating among the first-best ECAI issuer ratings of all the relevant issuers; or
Bančna posojila so primerna, če imajo do dokončnega odplačila obveznosti:
If any issuer is not jointly and severally liable for the obligations of all other issuers under the issue or, if applicable, for the programme, or issuance series, the ECAI issuer rating to be considered shall be the lowest rating among the first-best ECAI issuer ratings of all the relevant issuers.
fiksen, brezpogojen znesek glavnice; in
Article 86
obrestno mero, ki ne more povzročiti negativnega denarnega toka, pri čemer je obrestna mera ena od naslednjih:
Non-euro ratings
obrestna mera kot pri brezkuponskih instrumentih;
For the purpose of ECAI issuer ratings, a foreign currency rating shall be acceptable.
fiksna obrestna mera;
If the asset is denominated in the domestic currency of the issuer, the local currency rating shall also be acceptable.
variabilna obrestna mera, tj. vezana na drugo referenčno obrestno mero ali stopnjo inflacije.
Article 87
Člen 91
Credit quality assessment criteria for marketable assets in the absence of a credit assessment provided by an accepted ECAI
Nepodrejenost
In the absence of an appropriate credit assessment provided by an accepted ECAI for the issue, issuer or guarantor, as would be applicable pursuant to Article 84(a) or (b), an implicit credit assessment of marketable assets (with the exception of ABSs) shall be derived by the Eurosystem in accordance with the rules laid down in paragraphs 2 and 3.
Pri bančnih posojilih pravica do glavnice in/ali obresti ne sme biti podrejena: (a) pravicam imetnikov drugih nezavarovanih dolžniških obveznosti dolžnika, vključno z drugimi deleži ali poddeleži v istem sindiciranem posojilu; in (b) pravicam imetnikov dolžniških instrumentov istega izdajatelja.
This implicit credit assessment is required to comply with the Eurosystem's credit quality requirements.
Člen 92
If the debt instruments are issued or guaranteed by a regional government or a local authority or a ‘public sector entity’ as defined in Article 4(8) of Regulation (EU) No 575/2013 (hereinafter a ‘CRR public sector entity’) established in a Member State whose currency is the euro, the credit assessment shall be performed by the Eurosystem in accordance with the following rules.
Zahteve glede kreditne kvalitete bančnih posojil
If the issuers or guarantors are regional governments, local authorities or CRR public sector entities, which according to competent authorities are treated for capital requirements purposes pursuant to Articles 115(2), 116(1) and 116(4) of Regulation (EU) No 575/2013 equally to the central government in whose jurisdiction they are established, the debt instruments issued or guaranteed by these entities shall be allocated the credit quality step corresponding to the best credit rating provided by an accepted ECAI to the central government in whose jurisdiction these entities are established.
Kreditna kvaliteta bančnih posojil se oceni na podlagi kreditne kvalitete dolžnika ali garanta.
If the issuers or guarantors are regional governments, local authorities and CRR public sector entities, which according to competent authorities are treated for capital requirements purposes pursuant to Articles 115(1) and 116(2) of Regulation (EU) No 575/2013 equally to credit institutions, the debt instruments issued or guaranteed by these entities shall be allocated the credit step corresponding to one credit quality step below the best credit rating provided by an accepted ECAI in relation to the central government in which jurisdiction these entities are established.
Zadevni dolžnik ali garant mora izpolnjevati zahteve Eurosistema glede kreditne kvalitete, kakor so določene v pravilih bonitetnega okvira Eurosistema za bančna posojila, določena v poglavju 2 naslova III v delu 4.
If the issuers or guarantors are CRR public sector entities that are not referred to in points (a) and (b), no implicit credit assessment is derived and they shall be treated equally to private sector entities.
Člen 93
If the debt instruments are issued or guaranteed by non-financial corporations established in a Member State whose currency is the euro, the credit quality assessment shall be performed by the Eurosystem based on the credit quality assessment rules applicable to the credit quality assessment of credit claims in Chapter 2 of Title III.
Najnižji znesek bančnega posojila
Assets in relation to which the credit quality is assessed in accordance with the rules contained in this paragraph shall not be included in the public list of eligible marketable assets.
Pri domači uporabi mora znesek neodplačane glavnice bančnega posojila v času, ko nasprotna stranka bančno posojilo predloži v zavarovanje, dosegati prag najnižjega zneska, ki ga določi domača NCB.
Table 9
Pri čezmejni uporabi se uporablja prag v višini 500000 EUR.
Implicit credit assessments for issuers or guarantors without an ECAI credit assessment
Člen 94
Allocation of issuers or guarantors under Regulation (EU) No 575/2013
Valuta denominacije bančnih posojil
ECAF derivation of the implicit credit assessment of the issuer or guarantor belonging to the corresponding class
Bančna posojila morajo biti denominirana v eurih ali v eni od nekdanjih valut držav članic, katerih valuta je euro.
Class 1
Člen 95
Regional governments, local authorities and CRR public sector entities (CRR PSEs) that, according to the competent authorities, can be treated in the same manner as the central government for capital requirements purposes
Vrsta dolžnika ali garanta
Allocated the ECAI credit assessment of the central government of the country in which it is established
Dolžniki in garanti primernih bančnih posojil so nefinančne družbe, subjekti javnega sektorja, multilateralne razvojne banke ali mednarodne organizacije.
Class 2
Za namene tega člena lahko Eurosistem prizna multilateralno razvojno banko ali mednarodno organizacijo na enak način, kakor je opisan v členu 69(2).
Regional governments, local authorities and CRR PSEs that according to competent authorities can be treated equally to credit institutions for capital requirements purposes
Pri bančnem posojilu z več kakor enim dolžnikom je vsak dolžnik individualno in solidarno odgovoren za polno poplačilo celotnega bančnega posojila.
Allocated a credit assessment one credit quality step [18] below the ECAI credit assessment of the central government of the country in which it is established
Člen 96
Class 3
Kraj dolžnika ali garanta
Other CRR PSEs
Dolžnik bančnega posojila mora biti ustanovljen v državi članici, katere valuta je euro.
Treated like private sector issuers or debtors
Tudi garant bančnega posojila mora biti ustanovljen v državi članici, katere valuta je euro, razen če za izpolnjevanje zahtev glede kreditne kvalitete netržnega finančnega premoženja jamstvo ni potrebno, ker je na voljo ustrezna bonitetna ocena dolžnika.
Article 88
Za dolžnike ali garante, ki so multilateralne razvojne banke ali mednarodne organizacije, se pravila iz odstavkov 1 in 2 ne uporabljajo in so primerni ne glede na kraj ustanovitve.
Additional credit quality requirements for asset-backed securities
Člen 97
For ABSs, the credit quality assessment shall be based on a public issue rating that is explained in a publicly available credit rating report, i.e. a new issue report.
Veljavno pravo
The publicly available credit rating report shall include, inter alia, a comprehensive analysis of structural and legal aspects, a detailed collateral pool assessment, an analysis of the transaction participants, as well as an analysis of any other relevant details of a transaction.
Posojilno pogodbo ter pogodbo med nasprotno stranko in domačo NCB o mobilizaciji bančnega posojila kot zavarovanja mora urejati pravo države članice, katere valuta je euro.
Further to the requirement in paragraph 1, regular surveillance reports published by the accepted ECAIs are required for asset-backed securities.
Poleg tega skupno število nacionalnih pravnih sistemov, ki se uporabljajo za:
The publication of these reports shall take place no later than four weeks after the coupon payment date of the ABSs.
nasprotno stranko;
The reference date of these reports shall be the most recent coupon payment date except for ABSs paying the coupon on a monthly basis, in which case the surveillance report shall be published at least quarterly.
upnika;
The surveillance reports shall contain, as a minimum, the key transaction data, e.g. composition of the collateral pool, transaction participants, capital structure, as well as performance data.
dolžnika;
ELIGIBILITY CRITERIA AND CREDIT QUALITY REQUIREMENTS FOR NON-MARKETABLE ASSETS
garanta (če je potrebno);
Eligibility criteria for non-marketable assets
posojilno pogodbo;
Eligibility criteria for credit claims
pogodbo med nasprotno stranko in domačo NCB o mobilizaciji bančnega posojila kot zavarovanja; ne sme biti večje od dva.
Article 89
Člen 98
Eligible type of asset
Postopki upravljanja
The eligible type of asset shall be a credit claim that is a debt obligation of a debtor vis-à-vis a counterparty.
Bančna posojila je treba upravljati v skladu s postopki Eurosistema, določenimi v zadevni nacionalni dokumentaciji NCB.
Types of credit claims that have a ‘reducing balance’, i.e. where the principal and interest are paid off according to a pre-agreed schedule, as well as drawn credit lines, shall be eligible types of credit claim.
Za zagotovitev veljavnega zavarovanja z bančnimi posojili in za hitro izvršitev tega zavarovanja v primeru neplačila nasprotne stranke, je potrebno izpolniti dodatne pravne zahteve.