natgillin/translations-raw huggingface dataset:
exceptionally low to very low leverage
Kombinacija virov prihodkov (tj. ki jih ustvari projekt sam in/ali drugi viri) dolžnika, ki pritekajo na račun, je v trdni valuti, pri čemer je upravičeno pričakovati, da bo kolektivno zadostna za servisiranje dolga za ves čas trajanja kredita, hkrati pa jih mora zagotoviti ena ali več posojilno sposobnih tujih strank, ki se nahajajo v državah s tveganjem, ki je manjše od tveganja v državi, v kateri se nahaja projekt (običajno so to države OECD z visokim dohodkom ali države euroobmočja z visokim dohodkom).
excellent to very strong business profile with proven and very strong management abilities
Dolžnik izda tujim strankam nepreklicno navodilo za vplačila neposredno na račun (tj. vplačila niso izvršena prek računa, ki ga nadzira dolžnik ali prek njegove države).
The entity is also characterised by a high quality of financial and ownership disclosure, unless there is a very high likelihood of support from a parent (or sovereign) with a buyer risk classification that is equal to or better than what corresponds to this buyer risk category.
Sredstva na računu morajo zadoščati za vsaj šestmesečno servisiranje dolga.
Depending on the classification of the country in which the obligor/guarantor is domiciled, it is likely that an obligor/guarantor classified in buyer risk category CC0 would be rated between AAA (Country Category 1) and B (Country Category 7) by accredited CRAs.
Dolžnik ima omejen dostop do računa (tj. le po plačilu servisiranja dolga).
Very Good Credit Quality (CC1)
Prihodki na računu so pripisani posojilodajalcu kot neposrednemu upravičencu za ves čas trajanja kredita.
The risk of payment interruption is expected to be low or very low.
Za odprtje računa so bila prejeta vsa potrebna pravna dovoljenja lokalnih in vseh drugih pristojnih organov.
The obligor/guarantor has a very strong capacity for repayment and this capacity is not likely to be affected by foreseeable events.
Založni račun in pogodbeni dogovori morajo biti brezpogojni in/ali nepreklicni ter/ali časovno neomejeni.
The obligor/guarantor has a limited or very limited susceptibility to adverse effects of changes in circumstances and economic conditions.
Dodatni dejavniki, ki jih je treba upoštevati:
The credit quality is typically manifested in a combination of some, if not all, of the following characteristics of the business and financial profile:
Tehnika se uporablja na podlagi upoštevanja zgornjih značilnosti za vsak primer posebej in, med drugim, glede na:
very good to good cash and income generation
državo, dolžnika (tj. javnega ali zasebnega), gospodarsko panogo, občutljivost glede vključenega blaga ali storitev, vključno z njihovo razpoložljivostjo za ves čas trajanja kredita, stranke,
very good to good liquidity levels
pravne strukture, npr. ali je mehanizem zadostno neobčutljiv na vpliv dolžnika ali njegove države,
very low to low leverage
stopnjo, do katere za tehniko še naprej velja posredovanje države, podaljšanje ali odpoved,
very strong business profile with proven management abilities
ali je račun zadostno zaščiten pred tveganji, povezanimi s projektom,
Depending on the classification of the country in which the obligor/guarantor is domiciled, it is likely that an obligor/guarantor classified in buyer risk category CC1 would be rated between AAA (Country Category 1) and B (Country Category 7) by accredited CRAs.
znesek, ki bo pritekel na račun, in mehanizem za nadaljevanje ustreznega zagotavljanja,
Good to Moderately Good Credit Quality, Above Average (CC2)
položaj glede Pariškega kluba (npr. morebitno izvzetje),
The risk of payment interruption is expected to be low.
morebitni vpliv tveganj države, razen transfernega tveganja,
The obligor/guarantor has a good to moderately good capacity for repayment and this capacity is not likely to be affected by foreseeable events.
zaščito pred tveganji države, v kateri se nahaja račun,
The obligor/guarantor has a limited susceptibility to adverse effects of changes in circumstances and economic conditions.
pogodbe s strankami, vključno z njihovo naravo in trajanjem, ter
good to moderately good cash and income generation
skupni znesek pričakovanih tujih dohodkov glede na skupni znesek kredita.
good to moderately good liquidity levels
Učinek na MPR
low to moderately low leverage
Z uporabo te tehnike za zmanjševanje tveganja države se lahko pri veljavnem razvrščanju držav glede na tveganje za transakcije doseže izboljšanje za eno kategorijo, razen za transakcije iz kategorije tveganja države 1.
moderately strong business profile with proven management abilities
Pogajanja o pogodbi in financiranju potekajo v konvertibilni in razpoložljivi lokalni valuti, razen v trdnih valutah, pri čemer se financiranje izvaja na lokalni ravni, da se izključi ali zmanjša transferno tveganje.
Depending on the classification of the country in which the obligor/guarantor is domiciled, it is likely that an obligor/guarantor classified in buyer risk category CC2 would be rated between A+ (Country Category 1) and B- or worse (Country Category 7) by accredited CRAs.
Pojav prvih dveh kreditnih tveganj države načeloma ne bi vplival na primarne dolžniške obveznosti v lokalni valuti.
Moderate Credit Quality, Average (CC3)
nadomestilo škode ali izplačilo zavarovalnine ECA ali plačilo neposrednemu posojilodajalcu se opravi v lokalni valuti,
The risk of payment interruption is expected to be moderate or moderately low.
ECA običajno ni izpostavljen transfernemu tveganju,
The obligor/guarantor has a moderate or moderately good capacity for repayment.
ob običajnem poteku dogodkov se ne zahteva, da se depoziti v lokalni valuti pretvorijo v trdno valuto,
There is a possibility of credit risk developing as the obligor/guarantor faces major ongoing uncertainties or exposure to adverse business, financial or economic conditions which could lead to inadequate capacity to meet timely payments.
odplačila posojilojemalca, izvršena v njegovi domači valuti ter v njegovi državi, predstavljajo veljavno izpolnitev dolžniške obveznosti,
However, business or financial alternatives may be available to allow financial commitments to be met.
če je prihodek posojilojemalca v lokalni valuti, je posojilojemalec zaščiten pred neugodnimi nihanji menjalnega tečaja,
The credit quality is typically manifested in a combination of some, if not all, of the following characteristics of the business and financial profile.
devizni predpisi v državi posojilojemalca ne smejo vplivati na posojilojemalčeve obveznosti odplačevanja, ki bi ostale v lokalni valuti.
moderately good to moderate cash and income generation
Tehnika se uporablja selektivno, in sicer pri konvertibilnih in transferabilnih valutah držav z zdravim gospodarstvom.
moderately good to moderate liquidity levels
Z uporabo te tehnike za zmanjševanje tveganja se lahko doseže največ 20-odstotna diskontna stopnja za delež kreditnega tveganja države MPR (tj. vrednost dejavnika lokalne valute (LCF) je največ 0,2).
moderately low to moderate leverage
Naslednja preglednica vključuje opredelitve izboljšav kreditnega tveganja kupca, ki se lahko uporabljajo, skupaj z njihovim največjim vplivom na veljavne MPR z uporabo CEF v formuli MPR.
moderate business profile with proven management abilities
Kreditna izboljšava
The entity is also characterised by an adequate quality of financial and ownership disclosure, unless there is a very high likelihood of support from a parent (or sovereign) with a buyer risk classification that is equal to or better than what corresponds to this buyer risk category.
Opredelitev
Depending on the classification of the country in which the obligor/guarantor is domiciled, it is likely that an obligor/guarantor classified in buyer risk category CC3 would be rated between BBB+ (Country Category 1) and B- or worse (Country Category 6) by accredited CRAs.
Največji CEF
Moderately Weak Credit Quality, Below Average (CC4)
Če ima posojilojemalec sklenjene pogodbe z vplivnimi tujimi ali lokalnimi odjemalci, se s pravno izvršljivim odstopom pogodbe zagotovijo pravice do izvajanja pogodb posojilojemalca in/ali sprejemanje odločitev v okviru večjih pogodb namesto posojilojemalca po neizpolnjevanju obveznosti v zvezi s posojilom.
The risk of payment interruption is expected to be moderately weak.
Neposredni sporazum s tretjo stranjo v transakciji (lokalno vladno agencijo pri transakciji v zvezi z rudarstvom ali energetiko) omogoča posojilodajalcem, da vladi predlagajo uveljavljanje pravnih sredstev za razlastitev ali drugo kršitev pogodbenih obveznosti, povezanih s transakcijo.
The obligor/guarantor has a moderate to moderately weak capacity for repayment.
Terjatve obstoječe družbe, ki deluje v težkih tržnih ali sektorskih razmerah, so lahko povezane s prodajo proizvodov družbe ali družb v stabilnejšem okolju.
moderate to moderately weak cash and income generation
Terjatve se običajno izvršujejo v trdni valuti, vendar v zvezi z njimi ne sme biti sklenjeno posebno pogodbeno razmerje.
moderate to moderately weak liquidity levels
Z odstopom teh terjatev bi se lahko zagotovila premoženjska varščina za račune posojilojemalca, tako da bi bili posojilodajalci prednostno obravnavani pri denarnih tokovih, ki jih ustvarijo posojilojemalci.
moderate to moderately high leverage
Zavarovanje s premoženjskimi varščinami
moderately weak business profile with limited track record of management abilities
Nadzor nad premoženjem, razviden iz:
Depending on the classification of the country in which the obligor/guarantor is domiciled, it is likely that an obligor/guarantor classified in buyer risk category CC4 would be rated between BB+ (Country Category 1) and B- or worse (Country Category 5) by accredited CRAs.
hipoteke na zelo premično in vredno premoženje in (2) lastnine, ki sama predstavlja celotno vrednost.
Weak Credit Quality (CC5)
Zavarovanje s premoženjskimi varščinami je mogoče razmeroma preprosto ponovno pridobiti, na primer lokomotivo, medicinsko opremo ali gradbeno opremo.
The risk of payment interruption is expected to be high to very high.
Pri vrednotenju takega zavarovanja mora ECA upoštevati pravno izvršljivost izterjav.
The obligor/guarantor has a moderately weak to weak capacity for repayment.
Z drugimi besedami, vrednost je večja, če so pravice iz zavarovanja na premoženju izpopolnjene v okviru veljavne pravne ureditve, in manjša, če pravna sposobnost za izterjavo premoženja ni zanesljiva.
The obligor/guarantor currently has the capacity to meet repayments but a limited margin of safety remains.
Natančna vrednost zavarovanja s premoženjskimi varščinami je določena glede na trg, pri čemer je zadevni ‚trg‘ obsežnejši od lokalnega trga, ker je mogoče premoženje premestiti na območje druge pristojnosti.
However, there is a likelihood of developing payment problems as the capacity for continued payment is contingent upon a sustained, favourable business and economic environment.
OPOMBA:
Adverse business, financial, or economic conditions will likely impair capacity or willingness to repay.
Uporaba kreditne izboljšave zavarovanja s premoženjskimi varščinami velja za tveganje kupca, če je zavarovanje s premoženjskimi varščinami izvršeno znotraj države, v kateri je izvedena transakcija.
moderately weak to weak to very weak cash and income generation
Fiksno premoženjsko zavarovanje je najpogosteje sestavni del opreme, ki je lahko omejena zaradi fizičnih lastnosti, na primer turbina ali stroj, ki je del tekočega traka.
moderately weak to weak liquidity levels
Namen in vrednost fiksnega premoženjskega zavarovanja je zagotoviti ECA večji finančni vzvod v zvezi z uporabo premoženja pri nadomestitvi izgub v primeru neizpolnjevanja obveznosti.
moderately high to high leverage
Vrednost fiksnega premoženjskega zavarovanja se razlikuje glede na gospodarske, pravne, tržne in druge dejavnike.
weak business profile with limited or no track record of management abilities
Založni računi vključujejo račune rezerv za servisiranje dolga, ki služijo kot zavarovanje za posojilodajalce, ali druge oblike gotovinskih računov terjatev, ki služijo kot zavarovanje za posojilodajalce in s katerimi upravlja stranka, ki ni pod nadzorom kupca/dolžnika in si z njim ne deli skupnega lastništva.
Most typically this would be a risk on the central bank or Ministry of Finance.
Omogoča večji nadzor nad uporabo gotovine in zagotavlja servisiranje dolga pred diskrecijsko porabo.
For central government entities other than the finance ministry, due diligence shall be undertaken to affirm that the entity commits the full faith and credit of the sovereign.
Uporaba kreditne izboljšave založnega računa velja za tveganje kupca, če je založni račun odprt znotraj države, v kateri je izvedena transakcija.
ANNEX XII
Gotovinska varščina bistveno zmanjšuje tveganje neizpolnjevanja obveznosti v zvezi z zadevnimi obroki.
This Annex provides detail on the use of country risk mitigation techniques listed in Article 30(a) of the Arrangement and the buyer risk credit enhancements listed in Article 31(a) of the Arrangement;
Založni račun kot odstotek kredita do največ 0,10
this includes the criteria, conditions and specific circumstances which apply to their use as well as the impact on the MPRs.
PRILOGA XIII
Definition:
KONTROLNI SEZNAM RAZVOJNE KAKOVOSTI PROJEKTOV, FINANCIRANIH S POMOČJO
A written document, such as a deed or a release or trustee arrangement, sealed and delivered to a third party, i.e. a person not party to the instrument, to be held by such third party until the fulfilment of certain conditions and then to be delivered by him to the other party to take effect.
V zadnjih letih je DAC razvil več meril, s katerimi naj bi zagotovil, da bodo projekti v državah v razvoju, ki se v celoti ali delno financirajo z uradno razvojno pomočjo (URP), prispevali k razvoju.
If the following criteria are satisfied subject to consideration of the additional factors listed, this technique can reduce or eliminate the transfer risks, mainly in the higher risk country categories.
Ta merila so zlasti vključena v:
Criteria:
načela DAC za ocenitev projekta (DAC Principles for Project Appraisal), 1988,
The escrow account is related to a foreign exchange-earning project and the flows into the escrow account are generated by the project itself and/or by other offshore export receivables.
vodilna načela DAC za mešano financiranje ter vezano in delno nevezano uradno razvojno pomoč (DAC Guiding Principles for Associated Financing and Tied and Partially Untied Official Development Assistance), 1987, ter
The escrow account is held offshore, i.e. located outside of the country of the project where there are very limited, transfer or other country risks (i.e. in a High Income OECD country or High Income Euro Area country).
Kodeks dobrega ravnanja pri naročanju za uradno razvojno pomoč (Good Procurement Practies for Official Development Assistance), 1986.
The combination of the sources of revenues (i.e. generated by the project itself and/or the other sources) of the obligor flowing through the account are in hard currency and can reasonably be expected to be collectively sufficient for the service of the debt for the entire duration of the credit, and come from one or more creditworthy foreign customers located in better risk countries than the country in which the project is located (i.e. normally High Income OECD countries or High Income Euro Area countries).
(Navedite programski dokument, v katerem je naveden projekt, npr. program javnih naložb države prejemnice).
The obligor irrevocably instructs the foreign customers to pay directly into the account (i.e. the payments are not forwarded through an account controlled by the obligor or through its country).
Ali projekt sofinancira mednarodna ustanova za financiranje razvoja?
The funds which have to be kept within the account are equal to at least six months of debt service.
Ali obstajajo dokazi, da je projekt preučila mednarodna ustanova za financiranje razvoja ali druga članica DAC in ga zavrnila zaradi nizke razvojne prednostne razvrstitve?
Where flexible repayment terms are being applied under a project finance structure, an amount equivalent to the actual six months debt service under such flexible terms are to be kept within the account;
Ali je projekt iz zasebnega sektorja odobrila vlada države prejemnice?
this amount may vary over time depending on the debt service profile.
Ali je projekt vključen v medvladni sporazum, ki zagotavlja širši razpon dejavnosti pomoči donatorke v državi prejemnici?
The obligor has restricted access to the account (i.e. only after payment of the debt service under the credit).
PRIPRAVA IN OCENITEV PROJEKTA
The revenues deposited in the account are assigned to the lender as direct beneficiary, for the entire life of the credit.
Ali je bil projekt pripravljen, oblikovan in ocenjen na podlagi standardov in meril, ki so na splošno skladni z načeli DAC za ocenitev projekta (DAC Principles for Project Appraisal – PPA)?
The opening of the account has received all the necessary legal authorisations from the local and any other appropriate authorities.
Ustrezna načela se nanašajo na ocenitev projekta glede na:
The escrow account and contractual arrangements may not be conditional and/or revocable and/or limited in duration.
gospodarske vidike (odstavki 30 do 38 PPA);
Additional Factors to be taken into Consideration:
tehnične vidike (odstavek 22 PPA);
The technique applies subject to a case-by-case consideration of the above characteristics and, inter alia, with regard to:
Ali je bil pri projektu, ki ustvarja prihodek, še zlasti če ta prihodek ustvarja za konkurenčni trg, posebno ugoden element financiranja s pomočjo posredovan končnemu uporabniku sredstev (odstavek 25 PPA)?
the country, the obligor (i.e. either public or private), the sector, the vulnerability in relation to the commodities or services involved, including their availability for the entire duration of the credit, the customers;
Institucionalna presoja (odstavki 40 do 44 PPA).
the legal structures, e.g. whether the mechanism is sufficiently immune against the influence of the obligor or its country;
Analiza socialnih vidikov ter porazdelitve stroškov in koristi (odstavki 47 do 57 PPA).
the degree to which the technique remains subject to government interference, renewal or withdrawal;
Okoljska presoja (odstavki 55 do 57 PPA).
whether the account would be sufficiently protected against project related risks;
POSTOPKI ODDAJE JAVNIH NAROČIL
the amount which will flow into the account and the mechanism for the continuation of appropriate provision;
Kateri izmed naslednjih načinov oddaje javnih naročil se bo uporabljal?
the situation with regard to the Paris Club (e.g. possible exemption);
(Za opredelitve glej načela, navedena v Kodeksu dobrega ravnanja pri naročanju za ODA.)
the possible impact of country risks other than the transfer risk;
Mednarodni javni razpisi (načelo naročanja III in njegova Priloga 2: Minimalni pogoji za učinkovite mednarodne javne razpise).
the protection against the risks of the country where the account is located;
Nacionalni javni razpisi (načelo naročanja IV).
the contracts with the customers, including their nature and duration; and
Neuradna konkurenca ali neposredna pogajanja (načelo naročanja V A ali B).
the global amount of the expected foreign earnings in relation to the total amount of the credit.
Ali je predvideno preverjanje cene in kakovosti dobav (odstavek 63 PPA)?
Impact on the MPR
PRILOGA XIV
The application of this country risk mitigation technique may result in a one category improvement in the applicable country risk classification for the transaction, except for transactions in Country Risk Category 1.
SEZNAM OPREDELITEV POJMOV
Contract and financing negotiated in convertible and available local, other than hard, currencies and financed locally that eliminates or mitigates the transfer risk.
Za namen Sporazuma:
The primary debt obligation in local currency would, in principle, not be affected by the occurrence of the first two country credit risks.
vsaka izjava, v kateri koli obliki, s katero je državi prejemnici, kupcu, posojilojemalcu, izvozniku ali finančni instituciji sporočena pripravljenost ali namen zagotavljanja uradne podpore.
The ECA liability and claims payment or the payment to the Direct Lender are expressed/ made throughout in local currency.
dogovor med udeleženkami, da se za dano transakcijo ali v posebnih okoliščinah strinjajo o posebnih finančnih pogojih za uradno podporo.
The ECA is normally not exposed to the transfer risk.
Pravila dogovorjenega poenotenega posebnega dogovora nadomestijo pravila Sporazuma samo za transakcijo ali v okoliščinah, določenih v poenotenem posebnem dogovoru.
If a borrower's income is in local currency the borrower is protected against adverse exchange rate movements.
Pri posojilih je raven koncesivnosti enaka razliki med nominalno vrednostjo posojila in diskontirano sedanjo vrednostjo prihodnjih plačil za servisiranje dolgov, ki jih mora opraviti posojilojemalec.
Transfer regulations in the borrower's country should not affect the borrower's repayment obligations, which would remain in local currency.
Ta razlika je izražena kot odstotek nominalne vrednosti posojila.
The technique applies on a selective basis in respect of convertible and transferable currencies, where the underlying economy is sound.
Razgradnja
The Participant ECA should be in a position to meet its obligations to pay claims expressed in its own currency in the event that the local currency becomes either “non-transferable” or “non-convertible” after the ECA takes on liability.
zaprtje ali razstavljanje jedrske elektrarne.
(A Direct Lender would however carry this exposure.)
Pogodbena vrednost izvoza
The application of this risk mitigation technique may result in a discount of no more than 20 % to the country credit risk portion of the MPR (i.e. a local currency factor [LCF] with a value of no more than 0,2).
skupni znesek, ki ga mora plačati kupec ali ga je treba plačati v njegovem imenu za blago in/ali storitve, ki se izvažajo, tj. brez lokalnih stroškov, kakor so opredeljeni v nadaljevanju.
The following table provides definitions of the buyer risk credit enhancements that may be applied, along with their maximum impact on the applicable MPRs through the CEF in the MPR formula.
Pri lizingu ta vrednost izključuje delež lizinških plačil, ki je enak obrestim.
Credit Enhancement
končna obveznost v zvezi s transakcijo izvoznega kredita (v obliki ene same transakcije ali kreditne linije) je prevzeta, ko se udeleženka z vzajemnim sporazumom ali enostranskim aktom zaveže, da bo natančno izpolnila finančne pogoje.
Definition
Začetna polnitev z gorivom
Maximum CEF
začetna polnitev z gorivom zajema le prvotno vgrajeno nuklearno jedro in dve naslednji ponovni polnitvi, ki skupaj predstavljata do dve tretjini nuklearnega jedra.
In the event a borrower has contracts with strong off-takers, whether offshore or local, a legally enforceable assignment of the contract provides rights to enforce the borrower's contracts and/or make decisions under major contracts in the place of the borrower after a default under the loan.
dogovor med vlado in bankami ali drugimi finančnimi institucijami, ki omogoča financiranje izvoza po nespremenljivi obrestni meri, ki je enaka ali višja od CIRR.
A direct agreement with a third party in a transaction (a local government agency in a mining or energy transaction) allows Lenders to approach a government to seek remedies for expropriation or other violation of contractual obligations related to the transaction.
Kreditna linija
An existing company operating in a difficult market or sector may have receivables related to the sale of production with a company or companies located in a more stable environment.
kakršen koli okvir za izvozne kredite, ki zajema vrsto transakcij, ki so lahko povezane z določenim projektom ali ne.
Receivables would generally be in a hard currency but may not be the subject of a specific contractual relationship.
Lokalni stroški
Assignment of these receivables could provide asset security in the accounts of the Borrower, giving the Lender a preferential treatment in the cash flow generated by the Borrower.
izdatki za blago in storitve v državi kupca, ki so potrebni za izvedbo izvoznikove pogodbe ali za dokončanje projekta, katerega del je izvoznikova pogodba.