natgillin/translations-raw huggingface dataset:
The JV’s product offer will be simple and made up of ‘plain vanilla’ products with simple and transparent tariff methods; it will comply with the conditions set out in the approved memorandum notified to the Commission on 8 October 2012 (attached as Annex IV(b)).
Skupno podjetje bo ponujalo enostavne in osnovne produkte, s preprostimi in preglednimi tarifnimi metodami ter izpolnjevalo pogoje, določene v odobrenem memorandumu, ki je bil Komisiji priglašen 8. oktobra 2012 (priložen kot Priloga IV(b)).
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; in particular, the JV will not be allowed to feature offers more attractive than market practice in its commercial advertising; it will be up to the monitoring trustee to decide how compliance with this commitment can be monitored.
Francoskim lokalnim skupnostim in ustanovam javnega zdravstva bo financiranje ponujeno pod tržnimi pogoji, ki niso privlačnejši od pogojev, ki jih ponujajo druge komercialne banke, skupnemu podjetju pri komercialnem oglaševanju zlasti ne bo dovoljeno predvajati ponudb, ki so privlačnejše od tržne prakse, kako se lahko spremlja izpolnjevanje te zaveze, pa bo odločil skrbnik za spremljanje.
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 point 7 below: (i) for local authority financing activities, this authorisation will be renewed under the same conditions provided that there is still a market shortfall; the Commission has already noted structural problems on this market which are likely to persist for the medium and long term; (ii) 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 točke 7: (i) glede dejavnosti financiranja lokalnih skupnosti to dovoljenje podaljšalo pod istimi pogoji, če bo še vedno obstajal tržni primanjkljaj; Komisija je na tem trgu že opazila strukturne težave, ki se bodo verjetno nadaljevale v srednje- in dolgoročnem obdobju; ter (ii) da bo glede dejavnosti financiranja francoskih ustanov javnega zdravstva podaljšanje tega dovoljenja odvisno od dokaza o tržnem primanjkljaju.
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)), and will be invoiced at market prices.
Povezave glede pogodbenega zagotavljanja storitev med skupino Dexia ter družbo DMA, novo kreditno institucijo in skupnim podjetjem bodo omejene na tiste, ki so navedene v memorandumih z dne 8. in 11. oktobra 2012, priloženih temu sklepu (prilogi IV(c) in IV(d)), fakturirane pa bodo po tržnih cenah.
This also applies to enterprises which have the legal status of a company and to packages of assets forming an enterprise.
To se nanaša tudi na podjetja s pravnim statusom družb ter na pakete sredstev, ki sestavljajo podjetje.
The State will in particular ensure that the business plan provided in Annex VII is scrupulously implemented.
Država bo zlasti zagotovila, da se natančno izvaja poslovni načrt iz Priloge VII.
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 provided in Annex VII; (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 za zaposlene 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 iz Priloge VII; (ii) 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 izpolnjujejo več veljavnih minimalnih regulativnih razmerij.
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 (point 3).
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 (točka 3).
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 (v nadaljnjem besedilu: občutljiva posojila), bo nova kreditna institucija desenzibilizirala, kar bo financirala družba DMA.
The JV will not market financing to customers holding Sensitive Loans or in litigation or default in respect of outstanding loans on DMA’s balance sheet.
Skupno podjetje ne bo tržilo financiranja za stranke, ki imajo občutljiva posojila ali ki so udeležene v sodnem postopku ali ne izpolnjujejo obveznosti glede neodplačanih posojil v bilanci stanja družbe DMA.
From the date on which the disposal of DMA is implemented, DMA’s balance sheet will be subject to special management in connection first with the Sensitive Loans, whose global volume is estimated at EUR 9,4 billion, and second with the run-off management of loans falling outside the activities of the development bank defined in point 3 of these commitments, whose global volume is estimated at EUR [20-40] billion on 30 September 2012.
Za bilanco stanja družbe DMA se bo od datuma izvedbe prodaje družbe uporabljajo posebno upravljanje najprej v povezavi z občutljivimi posojili, katerih skupni obseg je ocenjen na 9,4 milijarde EUR, nato pa z upravljanjem likvidacijske mase posojil, ki ne spadajo med dejavnosti razvojne banke, kar je opredeljeno v točki 3 teh zavez, njihov skupni obseg je bil 30. septembra 2012 ocenjen na [20–40] milijard EUR.
The Shareholders undertake to provide the NEC with the necessary liquidity for the NEC and DMA.
Delničarke se zavezujejo, da bodo novi kreditni instituciji zagotavljale potrebna likvidna sredstva za novo kreditno institucijo in družbo DMA.
This liquidity will be provided under the conditions set out in the approved memorandum notified to the Commission on 8 October 2012 and annexed hereto (Annexe IV(a)).
Ta likvidna sredstva se bodo zagotovila pod pogoji iz odobrenega memoranduma, ki je bil Komisiji priglašen 8. oktobra 2012 in je priložen temu sklepu (Priloga IV(a)).
The Shareholders undertake to maintain the level of capital needed to cover any losses that may take place in respect of DMA’s existing portfolio.
Delničarke se zavezujejo, da bodo ohranjale stopnjo kapitala, ki je potrebna za kritje kakršnih koli izgub, ki lahko nastanejo glede sedanjega portfelja družbe DMA.
Any increase of DMA’s capital must be notified to the Commission in compliance with the rules on the implementation of Articles 107 and 108 of the Treaty on the Functioning of the European Union.
Komisiji je treba v skladu s pravili o izvajanju členov 107 in 108 PDEU priglasiti vsako povečanje kapitala družbe DMA.
Appointment of a monitoring and implementation trustee
Imenovanje skrbnika za spremljanje in uresničevanje zavez
A trustee responsible for monitoring the commitments will act for and on behalf of the Commission and may for that purpose put any question to the Shareholders, DMA, the NEC or the JV and obtain any document from them.
Skrbnik, ki bo odgovoren za spremljanje zavez, bo deloval v imenu in za račun Komisije, zato lahko delničarkam, družbi DMA, novi kreditni instituciji in skupnemu podjetju zastavi kakršno koli vprašanje ter od njih dobi dokumente.
the State will submit a list of one to three persons, selected by agreement with the CDC and LBP, for appointment as monitoring trustee(s) responsible for verifying the application of the commitments listed in this Annex, at the latest one month after the Commission’s final decision, for prior approval by the Commission;
država bo najpozneje en mesec po sprejetju končnega sklepa Komisije v predhodno odobritev Komisiji predložila seznam z enim do tremi kandidati, ki jih je izbrala v soglasju s hranilnico in posojilnico CDC ter banko LBP, za imenovanje na položaj skrbnika za spremljanje uporabe zavez iz te priloge,
the monitoring trustee must possess the required competences and must not be subject to a conflict of interest during his term of office;
skrbnik za spremljanje mora biti ustrezno usposobljen, med izvajanjem njegovega mandata pa ne sme prihajati do navzkrižja interesov,
It may directly contact the NEC, the JV or the Shareholders to obtain explanations and clarifications.
Za kakršne koli obrazložitve ali pojasnila lahko neposredno stopi v stik z novo kreditno institucijo, skupnim podjetjem ali delničarkami.
The NEC, the JV and the Shareholders will cooperate fully in any verifications that the Commission or, where appropriate, the monitoring trustee may request;
Nova kreditna institucija, skupno podjetje in delničarke bodo v celoti sodelovali pri kakršnih koli preverjanjih, ki jih lahko zahteva Komisija ali, kadar je to potrebno, skrbnik za spremljanje,
as regards compliance with commitment 5 above, the State will inform the monitoring trustee every six months of the information available to the Banque de France on the terms and conditions offered by the main commercial banks for the financing of French local authorities and French public health establishments.
kar zadeva izvajanje zaveze 5, bo država skrbniku za spremljanje vsakih šest mesecev zagotovila informacije, ki so na voljo banki BdF, o pogojih, ki jih pri financiranju francoskih lokalnih skupnosti in francoskih ustanov javnega zdravstva ponujajo glavne komercialne banke.
It if were to prove that the financing terms and conditions offered by the JV were, in a given six-monthly period, much lower than those offered by all the other commercial banks, the JV will amend its financing conditions in the following six months in order to comply with commitment 5 above.
Če bi dokazal, da so bili pogoji financiranja, ki jih je v danem šestmesečnem obdobju ponujalo skupno podjetje, mnogo nižji od pogojev, ki so jih ponujale vse druge komercialne banke, bo skupno podjetje v naslednjih šestih mesecih spremenilo svoje pogoje financiranja, da bo izpolnilo zavezo 5,
By way of example, a loan complying with commitments 4 and 5 of this Annex might nevertheless not comply with DMA’s commitment policy if DMA’s total exposure to the customer concerned was considered to be too substantial, or if the global debt of the customer concerned exceeded a given proportion of this customer’s revenue.
Na primer posojilo, ki izpolnjuje zavezi 4 in 5, morda kljub temu ne izpolnjuje politike zavez družbe DMA, če se je štelo, da je bila skupna izpostavljenost družbe DMA zadevni stranki preveč bistvena ali da je skupni dolg zadevne stranke presegel dano razmerje prihodkov te stranke.
ANNEX IV(A)
PRILOGA IV(A)
MECHANISM FOR DETERMINING THE FINANCING COST OF THE NEC/DMA
MEHANIZEM ZA DOLOČANJE STROŠKOV FINANCIRANJA NOVE KREDITNE INSTITUCIJE / DRUŽBE DMA
For each issue, the costs of the long-term financing provided to the NEC by its shareholders at market price will be calculated from the financing costs, for identical maturities and currencies, recorded for a panel of credit institutions agreed by the NEC and its shareholders (the ‘Parties’) (the ‘Panel’).
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 (v nadaljnjem besedilu: stranke) (v nadaljnjem besedilu: odbor).
This mechanism makes it possible to ensure that DMA does not benefit from financing at privileged rates because of its public shareholding, for two reasons:
S tem mehanizmom se lahko zagotovi, da družba DMA zaradi javnega lastniškega deleža ne bo imela koristi od financiranja po prednostnih obrestnih merah, in sicer zaradi dveh razlogov:
DMA’s financing, as far as covered bonds are concerned, comes directly from the market and the financing provided by DMA’s direct shareholding (like other mortgage lending companies) will be limited to overcollateralisation;
financiranje družbe DMA, kar zadeva krite obveznice, izhaja neposredno s trga, financiranje, zagotovljeno z neposrednim deležem v družbi DMA (kot druge družbe za hipotekarno kreditiranje), pa bo omejeno na presežno zavarovanje,
All mortgage lending companies are necessarily attached to credit institutions benefiting from large-scale access to liquidity (customer deposits or far-reaching market access).
vse družbe za hipotekarno kreditiranje so nujno pridružene kreditnim institucijam, ki imajo koristi od obsežnega dostopa do likvidnih sredstev (vloge strank ali daljnosežni dostop do trga).
They are therefore financed at the refinancing cost of their direct shareholders.
Zato se financirajo po stroških refinanciranja svojih neposrednih delničarjev.
The rating of a ‘stand-alone’ NEC cannot be calculated as it necessarily has to be attached to a credit institution able to draw on significant financial resources, and therefore in all likelihood a major French bank.
Bonitetna ocena „samostojne“ nove kreditne družbe se ne more izračunati, saj mora biti nujno pridružena kreditni instituciji, ki lahko črpa znatna finančna sredstva, in zato najverjetneje večji francoski banki.
Interposing the NEC between DMA and its final shareholders provides a rating equivalent to that of the major French banks.
Nova kreditna institucija je postavljena med družbo DMA in njene končne delničarje, kar zagotavlja bonitetno oceno, ki je enaka večjim francoskim bankam.
The mechanism adopted therefore makes it possible to reproduce DMA’s financing conditions as though it were affiliated to a bank and does not benefit from privileged rates.
Zato sprejeti mehanizem omogoča, da se spet ustvarijo taki pogoji financiranja družbe DMA, kot da bi bila pridružena banki in ne bi bila upravičena do prednostnih obrestnih mer.
ANNEX IV(B)
PRILOGA IV(B)
THE PRODUCT OFFER BY THE LBP/CDC JV
PONUDBA PRODUKTOV SKUPNEGA PODJETJA BANKE LBP / HRANILNICE IN POSOJILNICE CDC
Nature of the loans marketed by the JV
Narava posojil, ki jih trži skupno podjetje
The medium- to long-term credit offered by the joint LBP/CDC subsidiary to French local authorities will be in keeping with the principles on which LBP bases the marketing of its products and services to all its customers, namely:
Srednje- do dolgoročni krediti, ki jih bo francoskim lokalnim skupnostim ponujala skupna odvisna družba banke LBP ter hranilnice in posojilnice CDC, bo v skladu z načeli, na katerih je banka LBP utemeljila trženje produktov in storitev za vse svoje stranke, ki so:
a simple offer,
preprosta ponudba,
a transparent offer,
pregledna ponudba,
an offer meeting its customers’ needs.
ponudba, ki ustreza potrebam strank.
The product offer will also fall within the regulatory framework and will be based on the existing recommendations, namely:
Ponudba produktov bo tudi spadala v regulativni okvir in bo temeljila na obstoječih priporočilih, ki so:
the Interministerial Circular of 25 June 2010;
medministrska okrožnica z dne 25. junija 2010,
the Charter of Good Conduct (or ‘Gissler Charter’);
listina dobrega ravnanja (ali t. i. Gisslerjeva listina),
the report by the Bartolone Parliamentary Committee.
poročilo Bartolonejevega parlamentarnega odbora.
The joint LBP/CDC subsidiary will therefore give priority to ‘plain vanilla’ loans in order to meet customers’ identified needs, namely simplicity, diversification and protection against adverse market trends.
Skupna odvisna družba banke LBP ter hranilnice in posojilnice CDC bo torej dajala prednost osnovnim posojilom, da bi ustrezala potrebam strank, med katerimi so: enostavnost, razvejanost in zaščita pred negativnimi tržnimi gibanji.
Steps will also be taken to provide customers with clear documentation presenting products in accordance with the Gissler Charter classification.
Sprejeti bodo tudi ukrepi, da se bo strankam zagotovila jasna dokumentacija, v kateri bodo produkti predstavljeni v skladu z razvrstitvijo po Gisslerjevi listini.
Table of Gissler Charter risks
Razpredelnica tveganj po Gisslerjevi listini:
The JV will limit the range of products offered within the Gissler classification.
Skupno podjetje bo sklop ponujenih produktov omejilo v okviru razvrstitve po Gisslerjevi listini.
This offer will be limited, depending on the customer segments in question, to the following products:
Ta ponudba bo glede na zadevne segmente strank omejena na naslednje produkte:
products of category 1A,
produkte kategorije 1A,
French inflation-linked products and prospectus A of category 2A,
produkte, povezane s francosko inflacijo, in možnostjo A kategorije 2A,
For information, the Conseil de normalisation des comptes publics [Public Sector Accounting Standards Council], in its opinion of 3 July 2012 on the supply of structured products, asked local authorities to make a clear distinction in their accounts between simple and complex products.
Za informacijo: „Conseil de normalisation des comptes publics“ (Svet za računovodske standarde javnega sektorja) je lokalne skupnosti v svojem mnenju z dne 3. julija 2012 o ponudbi strukturiranih produktov pozval, naj v svojih izkazih jasno ločijo enostavne in strukturirane produkte.
Borrowing or swaps ranked below 3 or C in the Gissler Charter are assumed to be complex.
Predpostavlja se, da so kompleksni produkti izposojanje ali zamenjave z oceno, nižjo od 3, ali C po Gisslerjevi listini.
The JV is therefore more restrictive as it also excludes 1B products, swaptions (1C), and products of category 2 (excluding French inflation-linked products or prospectus A) and 3.
Skupno podjetje zato ni bolj omejevalno, saj vanj prav tako niso vključeni produkti 1B, opcije na zamenjavo obrestnih mer (1C) ter produkti kategorij 2 (razen produktov, povezanih s francosko inflacijo ali možnostjo A) in 3.
On the underlying index:
Glede osnovnega indeksa:
The JV will limit its offer to categories 1 and 2 of the Gissler Charter, i.e. the Eurozone and French inflation indices.
Skupno podjetje bo svojo ponudbo omejilo na kategoriji 1 in 2 Gisslerjeve listine, tj. indekse euroobmočja in francoske inflacije.
These are products that are normally accepted and understood by those involved.
Udeležene osebe te produkte po navadi sprejemajo in razumejo.
The Euribor is the reference index for interbank transactions,
Referenčni indeks za medbančne transakcije je obrestna mera Euribor;
French inflation and prospectus A (whose calculation formula depends on the Euribor and inflation) are commonly used by the French State under both the fungible Treasury bond programme and distributed prospectus A indexed regulatory loans.
Francija običajno v okviru zamenljivega programa državnih obveznic ter porazdeljenih regulatornih posojil, indeksiranih glede na možnost A, uporablja francosko inflacijo in možnost A (njena formula za izračun je odvisna od obrestne mere Euribor in inflacije).
These indices are tools for simplifying and diversifying risks and are useful in controlled risk management.
Ti indeksi so orodja za poenostavitev in razpršitev tveganj ter so uporabni pri nadzorovanem upravljanju tveganj.
Differences between the inflation indices of the Eurozone or the inflation indices of other countries of the Eurozone cannot be used in category 2.
V kategoriji 2 ni mogoče uporabiti razlik med indeksi inflacije euroobmočja ali indeksi inflacije drugih držav v euroobmočju.
On the structure:
Glede strukture:
The JV will limit its offer to categories A and C representing limited risks, with no multiplying effect.
Ponudba skupnega podjetja bo omejena na kategoriji A in C, ki pomenita omejena tveganja brez množilnega učinka.
Category A includes unconditional fixed or floating rate products with no multiplying effect.
V kategorijo A so vključeni brezpogojni produkti s spremenljivo ali fiksno obrestno mero brez množilnega učinka.
These are simple fixed or revisable rates.
Te obrestne mere so fiksne ali spremenljive.
Category A also includes simple options purchased and sold (cap or tunnel) by customers in order to provide them with protection against an adverse market rise.
V kategorijo A so vključene tudi enostavne možnosti (obrestna kapica ali tunel), ki jih stranke kupijo ali prodajo, da bi jim zagotovile zaščito pred slabo tržno rastjo.
Within category A, therefore, the profile of the rate paid by the customer is known in advance.
V kategoriji A je tako profil obrestne mere, ki jo plača stranka, vnaprej znan.
It may be either a fixed rate known at set up, or a floating rate fully replicating trends in the underlying index, or a cap or tunnel variable rate.
Obrestna mera je lahko fiksna, znana od začetka, ali spremenljiva, ki v celoti ponavlja gibanja osnovnega indeksa, ali spremenljiva mera obrestne kapice ali tunela.
Category C involves the set up of swaptions.
V kategorijo C je vključena vzpostavitev opcije na zamenjavo obrestnih mer.
This entitles the borrower to choose to set up a rate known in advance on a specific date.
Posojilojemalec je tako upravičen, da se odloči za določitev obrestne mere, ki je na določen datum vnaprej znana.
Only swaption purchase by the customer will be allowed.
Dovoljen bo le nakup opcije na zamenjavo obrestnih mer, ki ga opravi stranka.
Swaption sale by customers is not part of the offer.
Prodaja opcije na zamenjavo obrestnih mer pa ni del ponudbe.
Example: the customer borrows at a revisable rate up to a date T. On date T, the customer may convert his floating rate into a rate X (known when setting up the contract) if he finds the terms attractive.
Primer: stranka vzame posojilo po spremenljivi obrestni meri do datuma T. Stranka lahko na datum T spremenljivo obrestno mero spremeni v mero X (znano ob sestavi pogodbe), če se ji zdijo pogoji privlačni.
Otherwise, he gives up his right and continues with indexing at a revisable rate. (the customer has purchased the option).
Sicer se odreče svoji pravici in nadaljuje indeksiranje po spremenljivi obrestni meri (stranka je kupila opcijo).
By limiting the products offered to the categories mentioned above, the JV intends to limit the range of products marketed while offering protection, simplicity and transparency to local authority borrowers.
Skupno podjetje namerava z omejitvijo produktov, ponujenih v navedenih kategorijah, omejiti paleto produktov, ki jih trži, hkrati pa lokalnim skupnostim posojilojemalkam ponuditi zaščito, enostavnost in preglednost.
These products will not, moreover, be available to all customers.
Poleg tega ti produkti ne bodo na voljo vsem strankam.
Term of the loans granted by the JV
Rok posojil, ki jih dodeljuje skupno podjetje
ANNEX IV(C)
PRILOGA IV(C)
TERMINATION OF RESIDUAL LINKS BETWEEN DEXIA AND THE NEC (APART FROM IT PRODUCTION)
ZADEVA: PREKINITEV PREOSTALIH POVEZAV MED SKUPINO DEXIA IN NOVO KREDITNO DRUŽBO (RAZEN PROIZVODNJE IT)