natgillin/translations-raw huggingface dataset:
the time at risk (i.e. the Horizon of Risk or HOR);
Udeleženke začasno [4] pošljejo predhodno obvestilo v skladu s členom 48 za vse transakcije z dolžnikom/garantom iz države kategorije 0, države OECD z visokim dohodkom ali države euroobmočja z visokim dohodkom s kreditno vrednostjo več kot 10 milijonov SDR.(d) Za države z ‚najvišjim tveganjem‘ v kategoriji 7 načeloma veljajo premijske stopnje, ki presegajo za to kategorijo določene MPR;
the selected buyer risk category of the obligor;
take premijske stopnje določi udeleženka, ki zagotavlja uradno podporo.
the percentage of political and commercial risk cover and quality of official export credit product provided;
Pri izračunu MPR za transakcijo je veljavna razvrstitev države glede na tveganje razvrstitev države dolžnika, veljavna razvrstitev kupca glede na tveganje pa je razvrstitev dolžnika [5], razen:
any country risk mitigation technique applied; and
če tretja stran, ki je kreditno sposobna glede na velikost zajamčenega dolga, zagotovi zavarovanje v obliki nepreklicnega, brezpogojnega, pravno veljavnega in izvršljivega jamstva obveznosti odplačila celotnega dolga na zahtevo za ves čas trajanja roka vračila dolga.
any buyer risk credit enhancements that have been applied.
V primeru jamstva tretje strani lahko udeleženka uporabi razvrstitev glede na tveganje države za državo, v kateri se nahaja garant, in garantovo kategorijo tveganja kupca [6], ali
MPRs are expressed in percentages of the principal value of the credit as if premium were collected in full at the date of the first drawdown of the credit.
če multilateralna ali regionalna institucija iz člena 28 deluje kot posojilojemalec ali garant za transakcijo; v tem primeru sta lahko veljavna razvrstitev države glede na tveganje in kategorija tveganja kupca enaki kot pri zadevni specifični multilateralni ali regionalni instituciji.
An explanation of how to calculate the MPRs, including the mathematical formula, is provided in Annex VIII.
Merila in pogoji glede uporabe jamstva tretje strani glede na okoliščine, opisane v prvi in drugi alinei odstavka (e), so določena v Prilogi X.
There are no MPRs for transactions involving obligors in Category 0 countries, High Income OECD Countries and High Income Euro Area Countries [3].
Konvencija HOR, ki se uporablja pri izračunu MPR, je polovica dobe črpanja in celotno obdobje odplačevanja, prevzema pa način rednega odplačevanja izvoznega kredita, tj. odplačevanje glavnice in obresti v enakih polletnih obrokih, pri čemer se prvi obrok plača šest mesecev po začetnem datumu kredita.
The premium rates charged by Participants for transactions in such countries shall be determined on a case-by-case basis.
Za izvozne kredite z nestandardnimi načini odplačevanja se ekvivalentno obdobje odplačevanja (izraženo v enakih, polletnih obrokih) izračuna z naslednjo formulo:
In order to ensure that the premium rates charged for transactions involving obligors in such countries do not undercut private market pricing, the Participants shall adhere to the following procedure:
ekvivalentno obdobje odplačevanja = (povprečno ponderirano obdobje odplačevanja – 0,25)/0,5.
Taking into consideration the availability of market information and the characteristics of the underlying transaction, Participants shall determine the premium rate to be applied by benchmarking against one or more of the market benchmarks set forth in Annex IX, choosing the benchmark(s) deemed most appropriate for the specific transaction.
Udeleženka, ki se odloči za uporabo MPR, povezano z garantom tretje strani iz države, ki ni država dolžnika, predhodno pošlje obvestilo v skladu s členom 47.
Notwithstanding the preceding paragraph, if the relevance of the market information is limited for liquidity or other reasons, or if the transaction is small (credit value below Special Drawing Rights (SDR) 10 million), the Participants shall charge no less than the MPR corresponding to the appropriate buyer risk category in Country Risk Category 1.
Udeleženka, ki se odloči za uporabo MPR, povezano z multilateralno ali regionalno institucijo, ki deluje kot garant, pošlje predhodno obvestilo v skladu s členom 48.
On a temporary basis [4], the Participants shall give prior notification according to Article 48 for any transaction with obligor/guarantor in a Category 0 country, High Income OECD Country or High Income Euro Area Country having a credit value of greater than SDR 10 million.(d) The “highest risk” countries in Category 7 shall, in principle, be subject to premium rates in excess of the MPRs established for that Category;
Z izjemo držav OECD z visokim dohodkom in držav euroobmočja z visokim dohodkom se države razvrščajo glede na verjetnost, ali bodo odplačale svoje zunanje dolgove (tj. kreditno tveganje države).
these premium rates shall be determined by the Participant providing official support.
Obstaja pet elementov kreditnega tveganja države:
In calculating the MPR for a transaction, the applicable country risk classification shall be the classification of the obligor's country and the applicable buyer risk classification shall be the classification of the obligor [5], unless:
splošni moratorij za vračila, ki ga odredi vlada dolžnika/garanta ali tista državna institucija, prek katere se izvaja odplačevanje,
security in the form of an irrevocable, unconditional, on-demand, legally valid and enforceable guarantee of the total debt repayment obligation for the entire duration of the credit is provided by a third party that is creditworthy in relation to the size of the guaranteed debt.
politični dogodki in/ali gospodarske težave, do katerih pride zunaj države udeleženke, ki pošlje obvestilo, ali zakonodajni/upravni ukrepi, sprejeti zunaj države udeleženke, ki pošlje obvestilo, ki preprečujejo ali povzročajo zamude pri prenosu sredstev, plačanih v zvezi s kreditom,
In the case of a third party guarantee, a Participant may choose to apply the country risk classification of the country in which the guarantor is located and the buyer risk category of the guarantor [6];
pravni predpisi, sprejeti v državi dolžnika/garanta, ki določajo, da so vračila v lokalni valuti veljavno poplačilo dolga, ne glede na to, da zaradi tečajnih nihanj taka vračila po zamenjavi v valuto kredita ne pokrivajo več zneska dolga na datum prenosa sredstev,
ora Multilateral or Regional Institution as set out in Article 28 is acting either as borrower or guarantor for the transaction, in which case the applicable Country Risk Classification and buyer risk category may be that of the specific Multilateral or Regional Institution involved.
Države so razvrščene v eno od osmih kategorij tveganja države (0–7).
The criteria and conditions relating to the application of a third party guarantee according to the situations described in the first and second tirets of paragraph (e) above are set out in Annex X.
Za kategorije od 1 do 7 so bile vzpostavljene MPR, ne pa tudi za kategorijo 0, saj velja stopnja tveganja države za države v tej kategoriji za zanemarljivo.
The HOR convention used in the calculation of an MPR is one-half of the disbursement period plus the entire repayment period and assumes a regular export credit repayment profile, i.e. repayment in equal semi-annual instalments of principal plus accrued interest beginning six months after the starting point of credit.
Kreditno tveganje, povezano s transakcijami držav kategorije 0, je povezano predvsem s tveganjem dolžnika/garanta.
For export credits with non-standard repayment profiles, the equivalent repayment period (expressed in terms of equal, semi-annual instalments) is calculated using the following formula:
Države se razvrščajo [7] v skladu z metodologijo razvrščanja držav glede na njihovo tveganje, ki jo sestavljata:
equivalent repayment period = (average weighted life of the repayment period – 0,25)/0,5.
Model ocene tveganja države (‚model‘), po katerem se pripravi količinska ocena kreditnega tveganja države in ki za vsako državo temelji na treh skupinah kazalcev tveganja:
The Participant choosing to apply an MPR associated with a third party guarantor located in a country other than that of the obligor shall give prior notification according to Article 47.
izkušnje s plačili udeleženk, finančno stanje in gospodarski položaj.
The Participant choosing to apply a MPR associated with a Multilateral or Regional Institution acting as a guarantor shall give prior notification in accordance with Article 48.
Metodologija modela je sestavljena iz različnih faz, vključno z oceno treh skupin kazalcev tveganja ter kombiniranja in prožnega ponderiranja skupin kazalcev tveganja.
With the exception of High Income OECD countries and High Income Euro Area countries, countries shall be classified according to the likelihood of whether they will service their external debts (i.e. country credit risk).
Kakovostna ocena rezultatov modela, ki se prouči za vsako državo posebej, tako da zajame politično tveganje in/ali druge dejavnike tveganja, ki jih model delno ali v celoti ne upošteva.
The five elements of country credit risk are:
Po potrebi se lahko na podlagi tega prilagodi kvantitativna ocena modela, ki nato odraža končno oceno kreditnega tveganja države.
general moratorium on repayments decreed by the obligor's/guarantor's government or by that agency of a country through which repayment is effected;
Razvrstitve držav glede na njihovo tveganje se redno spremljajo in se vsaj enkrat letno pregledajo, Sekretariat pa nemudoma sporoči spremembe, ki izhajajo iz metodologije razvrščanja držav glede na njihovo tveganje.
political events and/or economic difficulties arising outside the country of the notifying Participant or legislative/administrative measures taken outside the country of the notifying Participant which prevent or delay the transfer of funds paid in respect of the credit;
Če je država na novo razvrščena v nižjo ali višjo kategorijo tveganja države, udeleženke najpozneje v petih delovnih dneh po tem, ko jih je Sekretariat obvestil o novi razvrstitvi, v povezavi z novo kategorijo tveganja države zaračunajo premijske stopnje, enake ali višje od MPR.
legal provisions adopted in the obligor's/guarantor's country declaring repayments made in local currency to be a valid discharge of the debt, notwithstanding that, as a result of fluctuations in exchange rates, such repayments, when converted into the currency of the credit, no longer cover the amount of the debt at the date of the transfer of funds;
Sekretariat objavi razvrstitev držav glede na njihovo tveganje.
Countries are classified into one of eight Country Risk Categories (0-7).
katerih kreditno tveganje je znatno večje od tveganja države.
MPRs have been established for Categories 1 through 7, but not for Category 0, as the level of country risk is considered to be negligible for countries in this Category.
Opredelitve državnih posojilojemalcev, ki ustrezajo merilom iz odstavka (a) zgoraj, se določijo v skladu z metodologijo ocene tveganja državnih posojilojemalcev, ki so jo razvile in sprejele udeleženke.
The credit risk associated with transactions in Category 0 countries is predominantly related to the risk of the obligor/guarantor.
Seznam državnih posojilojemalcev, ki izpolnjujejo merila iz odstavka (a) zgoraj, se redno spremlja in vsaj enkrat letno pregleda, pri čemer Sekretariat nemudoma sporoči spremembe, ki izhajajo iz metodologije ocene tveganja državnih posojilojemalcev.
The classification of countries [7] is achieved through the Country Risk Classification Methodology, which is comprised of:
Sekretariat objavi seznam državnih posojilojemalcev iz odstavka (b) zgoraj.
The Country Risk Assessment Model (the Model), which produces a quantitative assessment of country credit risk which is based, for each country, on three groups of risk indicators:
Dolžniki in po potrebi garanti v državah, ki so razvrščene v kategorije tveganja držav 1–7, se razvrstijo v eno od kategorij tveganja kupca, ki so bile vzpostavljene v povezavi z državo dolžnika/garanta [8].
the payment experience of the Participants, the financial situation and the economic situation.
Matrika kategorij tveganja kupca, v katero so razvrščeni dolžniki in garanti, je navedena v Prilogi VIII.
The methodology of the Model consists of different steps including the assessment of the three groups of risk indicators, and the combination and flexible weighting of the risk indicator groups.
Kvalitativni opisi kategorij tveganja kupca so navedeni v Prilogi XI. (a) Razvrstitve kupcev glede na tveganje temeljijo na nadrejeni nezavarovani bonitetni oceni dolžnika/garanta, ki jo določi udeleženka.
The qualitative assessment of the Model results, considered country-by-country to integrate the political risk and/or other risk factors not taken into account in full or in part by the Model.
Ne glede na odstavek (a) zgoraj se lahko transakcije, podprte v skladu s pogoji iz Priloge VI, in transakcije s kreditno vrednostjo 5 milijonov SDR ali manj razvrstijo na podlagi transakcije, tj. po morebitnih kreditnih izboljšavah tveganja kupca, vendar pa take transakcije, ne glede na njihovo razvrščenost, niso upravičene do nobenih popustov za uporabo kreditnih izboljšav tveganja kupca.
If appropriate, this may lead to an adjustment to the quantitative Model assessment to reflect the final assessment of the country credit risk.
Državni dolžniki in garanti so razvrščeni v kategorijo tveganja kupca SOV/CC0.
Country Risk Classifications shall be monitored on an on-going basis and reviewed at least annually and changes resulting from the Country Risk Classification Methodology shall be immediately communicated by the Secretariat.
Izjemoma so lahko nedržavni dolžniki in garanti razvrščeni v kategorijo tveganja kupca [9] ‚manjše od tveganja državnih posojilojemalcev‘ (SOV+), če:
When a country is re-classified in a lower or higher Country Risk Category, the Participants shall, no later than five working days after the re-classification has been communicated by the Secretariat, charge premium rates at or above the MPRs associated with the new Country Risk Category.
je bonitetna ocena dolžnika/garanta v tuji valuti, ki jo je pripravila akreditirana bonitetna agencija [10], boljša od bonitetne ocene ustreznega državnega posojilojemalca v tuji valuti (ki jo je pripravila ista akreditirana bonitetna agencija (CRA)), ali
The country risk classifications shall be made public by the Secretariat.
se dolžnik/garant nahaja v državi, v kateri je tveganje državnih posojilojemalcev opredeljeno kot znatno večje od tveganja države.
For all countries classified through the Country Risk Classification Methodology according to Article 25(d), the risk of the sovereign shall be assessed in order to identify, on an exceptional basis, those sovereigns:
Udeleženke pošljejo predhodno obvestilo v skladu s členom 48 za transakcije:
that are not the lowest-risk obligor in the country and;
z nedržavnim dolžnikom/garantom, kadar je zaračunana premija nižja od premije, ki je določena s kategorijo tveganja kupca CC1, tj. CC0 ali SOV+,
whose credit risk is significantly higher than country risk.
z nedržavnim dolžnikom/garantom s kreditno vrednostjo nad 5 milijonov SDR, pri čemer udeleženka ovrednoti oceno tveganja kupca za nedržavnega dolžnika/garanta, ki ga je ocenila akreditirana CRA, pri čemer je ovrednotena ocena tveganja kupca boljša od ocene akreditirane CRA [11].
The identification of sovereigns meeting the criteria listed in paragraph (a) above shall be undertaken according to the Sovereign Risk Assessment Methodology that has been developed and agreed by the Participants.
V primeru konkurence pri posamezni transakciji, na podlagi katere so konkurenčne udeleženke dolžnika/garanta razvrstile v različne kategorije tveganja kupca, konkurenčne udeleženke poskušajo doseči dogovor o skupni razvrstitvi kupcev glede na tveganje.
The list of sovereigns identified as meeting the criteria listed in paragraph (a) above shall be monitored on an on-going basis and reviewed at least annually and changes resulting from the Sovereign Risk Assessment Methodology shall be immediately communicated by the Secretariat.
Če sporazum o skupni razvrstitvi ni dosežen, udeleženki, ki je dolžnika/garanta razvrstila v višjo razvrstitev kupca glede na tveganje, ni prepovedano uporabljati nižje razvrstitve kupca glede na tveganje.
The list of sovereigns identified under paragraph (b) above shall be made public by the Secretariat.
Multilateralne in regionalne institucije se ustrezno razvrstijo v eno od osmih kategorij tveganja države (0–7) [12] in se po potrebi pregledajo;
Obligors and, as appropriate, guarantors in countries classified in Country Risk Categories 1-7 shall be classified into one of the buyer risk categories that have been established in relation to the country of the obligor/guarantor [8].
Sekretariat objavi take veljavne razvrstitve.
The matrix of buyer risk categories into which obligors and guarantors shall be classified is provided in Annex VIII.
MPR se razlikujejo zaradi upoštevanja različne kakovosti izvozno-kreditnih produktov in odstotka kritja, ki ga zagotavljajo udeleženke, kot je navedeno v Prilogi VIII.
Qualitative descriptions of the buyer risk categories are provided in Annex XI.(a) Buyer-risk classifications shall be based on the senior unsecured credit rating of the obligor/guarantor as determined by the Participant.
Razlikovanje mora temeljiti na izhodiščih izvoznika (tj. nevtralizacija konkurenčnega učinka, ki izhaja iz različne kakovosti produkta, zagotovljene izvozniku ali finančni ustanovi).
Notwithstanding paragraph (a) above, transactions supported according to the terms and conditions of Annex VI and transactions having a credit value of SDR 5 million or less may be classified on a transaction basis, i.e. after the application of any buyer risk credit enhancements; however, such transactions, regardless of how they are classified, are not eligible for any discounts for the application of buyer risk credit enhancements.
Kakovost izvoznokreditnega produkta je odvisna od tega, ali je produkt zavarovanje, jamstvo ali neposredni kredit/financiranje, za zavarovalne produkte pa, ali je kritje obresti med čakalnim rokom za zahtevke (tj. obdobje med datumom zapadlosti plačila, ki ga opravi dolžnik, in datumom, ko je zavarovatelj dolžan izvozniku/finančni ustanovi povrniti škodo) brez dodatnih dajatev.
Sovereign obligors and guarantors are classified in buyer risk category SOV/CC0.
Vsi obstoječi izvoznokreditni produkti, ki jih ponujajo udeleženke, se razvrstijo v eno od treh kategorij produktov:
On an exceptional basis, non-sovereign obligors and guarantors may be classified in the “Better than Sovereign” (SOV+) buyer risk category [9] if:
podstandardni produkt, tj. zavarovanje brez kritja obresti v čakalnem roku za zahtevke in zavarovanje s kritjem obresti v čakalnem roku z ustrezno dodatno dajatvijo na premijo,
the obligor/guarantor has a foreign currency rating from an accredited credit rating agency (CRA) [10] that is better than the foreign currency rating (from the same CRA) of their respective sovereign, or
standardni produkt, tj. zavarovanje s kritjem obresti v čakalnem roku za zahtevke brez ustrezne dodatne dajatve k premiji in neposrednih kreditov/financiranja, ter
the obligor/guarantor's is located in a country in which sovereign risk has been identified as being significantly higher than country risk.
nadstandardni produkt, tj. jamstva.
The Participants shall give prior notification according to Article 48 for transactions:
Udeleženke lahko uporabijo naslednje tehnike za zmanjšanje tveganja države, katerih posebna uporaba je navedena v Prilogi XII:
with a non-sovereign obligor/guarantor where the premium charged is below that set by Buyer Risk Category CC1, i.e. CC0 or SOV+;
Struktura prihodnjega pritoka iz tujine z založnim računom v tujini
with a non-sovereign obligor/guarantor having a credit value of greater than SDR 5 million where a Participant assesses a buyer risk rating for a non-sovereign obligor/guarantor that is rated by an Accredited CRA, and the buyer risk rating assessed is better than the Accredited CRA rating [11].
Financiranje v lokalni valuti
In the event of competition for a specific transaction, whereby the obligor/guarantor has been classified by competing Participants in different buyer risk categories, the competing Participants shall seek to arrive at a common buyer risk classification.
Udeleženke, ki uporabijo MPR glede na zmanjševanje tveganja države, predhodno pošljejo obvestilo v skladu s členom 47.
If agreement on a common classification is not reached, the Participant(s) having classified the obligor/guarantor in a higher buyer risk classification are not prohibited from applying the lower buyer risk classification.
Udeleženke lahko uporabijo naslednje izboljšave kreditnega tveganja kupca (BRCE), ki omogočajo uporabo dejavnika kreditne izboljšave (CEF), ki je višji od 0:
Multilateral and Regional Institutions shall be classified into one of eight Country Risk Categories (0-7) [12] and reviewed as appropriate;
Odstop pogodbenih iztržkov ali terjatev
such applicable classifications shall be made public by the Secretariat.
zavarovanje s premoženjskimi varščinami
The MPRs are differentiated to take account of the differing quality of export credit products and percentage of cover provided by the Participants as set out in Annex VIII.
Fiksno premoženjsko zavarovanje
The differentiation is based on the exporter's perspective (i.e. to neutralise the competitive effect arising from the differing qualities of product provided to the exporter/financial institution).
Založni račun
The quality of an export credit product is a function of whether the product is insurance, guarantee or direct credit/financing, and for insurance products whether cover of interest during the claims waiting period (i.e. the period between the due date of payment by the obligor and the date that the insurer is liable to reimburse the exporter/financial institution) is provided without a surcharge.
Opredelitve BRCE in najvišje vrednosti CEF so določene v Prilogi XII.
All existing export credit products offered by the Participants shall be classified into one of the three product categories which are:
BRCE se lahko uporabijo same ali v kombinaciji z naslednjimi omejitvami:
Below standard product, i.e. insurance without cover of interest during the claims waiting period and insurance with cover of interest during the claims waiting period with an appropriate premium surcharge;
najvišja dosežena vrednost CEF z uporabo BRCE je 0,35,
Standard product, i.e. insurance with cover of interest during the claims waiting period without an appropriate premium surcharge and direct credit/financing; and
‚zavarovanje s premoženjskimi varščinami‘ in ‚fiksno premoženjsko zavarovanje‘ ne smeta biti uporabljena skupaj v eni transakciji,
Above standard product, i.e. guarantees.
če je bila ustrezna razvrstitev države glede na tveganje izboljšana z uporabo ‚strukture prihodnjega pritoka iz tujine z založnim računom v tujini‘, ne sme biti uporabljena nobena BRCE.
The Participants may apply the following country risk mitigation techniques, the specific application of which is set out in Annex XII:
Udeleženke pošljejo predhodno obvestilo v skladu s členom 48 za transakcije z nedržavnim dolžnikom/garantom s kreditom, višjim od 5 milijonov SDR, pri čemer se na podlagi BRCE uporabi CEF, višji od 0.
Offshore Future Flow Structure Combined with Offshore Escrow Account
Da bi ocenili ustreznost MPR in po potrebi omogočili prilagajanje navzgor ali navzdol, se vzporedno uporabljajo instrumenti za pridobivanje povratnih informacij o premijah (Premium Feedback Tool – PFT), s katerimi se redno spremljajo in usklajujejo MPR.
Local Currency Financing
S PFT se oceni ustreznost MPR glede na dejanske izkušnje institucij, ki zagotavljajo uradne izvozne kredite, in glede na informacije zasebnega trga o oblikovanju cen za kreditno tveganje.
The Participant applying an MPR reflecting the use of country risk mitigation shall give prior notification according to Article 47.
Celovit pregled vseh vidikov premijskih pravil Sporazuma se izvede najpozneje 31. decembra 2015.
The Participants may apply the following buyer risk credit enhancements (BRCE) which allow for the application of a Credit Enhancement Factor (CEF) greater than 0:
POGLAVJE III