natgillin/translations-raw huggingface dataset:
The changes are in line with the Governing Council's monetary policy mandate and duly reflect risk management considerations.
Spremembe so skladne s pooblastili Sveta ECB na področju denarne politike in ustrezno upoštevajo vidike obvladovanja tveganj.
More specifically, in order to achieve the PSPP's objectives, the liquidity provided to the market through the combined monthly purchases under the APP should be increased to EUR 80 billion.
Natančneje, za doseganje ciljev programa nakupa vrednostnih papirjev javnega sektorja na sekundarnih trgih bi bilo treba likvidnost, ki se zagotovi trgu prek vseh nakupov v okviru razširjenega programa nakupa vrednostnih papirjev v posameznem mesecu, povečati na 80 milijard EUR.
In addition, the issuer and issue share limits for marketable securities issued by eligible international organisations and multilateral development banks should be increased.
Poleg tega bi bilo treba za tržne vrednostne papirje, ki jih izdajo primerne mednarodne organizacije in multilateralne razvojne banke, zvišati omejitve glede izdajateljev in omejitve deležev izdaj.
The new threshold was determined in order to ensure that the envisaged purchases will continue to be proportionate to the aims of the PSPP, also considering that the risk of obstructing orderly debt restructurings is limited.
Novi prag je bil določen tako, da se zagotovi, da bodo predvideni nakupi še naprej sorazmerni s cilji programa nakupa vrednostnih papirjev javnega sektorja na sekundarnih trgih, tudi glede na to, da je tveganje oviranja urejenega prestrukturiranja dolgov omejeno.
Starting in April 2016, the allocation between purchases of eligible marketable debt securities issued by international organisations and multilateral development banks and purchases of other eligible marketable debt securities under the PSPP should be modified in order to achieve the PSPP's objectives and ensure its smooth implementation for the duration of the PSPP and at its increased purchase volume.
Z začetkom v aprilu 2016 bi bilo treba spremeniti dodelitev nakupov v okviru programa nakupa vrednostnih papirjev javnega sektorja na sekundarnih trgih med nakupe primernih tržnih dolžniških vrednostnih papirjev, ki jih izdajo mednarodne organizacije in multilateralne razvojne banke, ter nakupe drugih primernih tržnih dolžniških vrednostnih papirjev, da se dosežejo cilji tega programa ter zagotovi nemoteno izvajanje tega programa v času njegovega trajanja in ob povečanem obsegu nakupov.
Furthermore, for the purposes of the external credit assessment institution (ECAI) credit assessment of marketable debt securities, ECAI issue ratings should also be taken into account where neither the issuer nor the guarantor has an ECAI rating.
Dodatno bi bilo treba za potrebe bonitetnih ocen tržnih dolžniških vrednostnih papirjev s strani zunanjih bonitetnih institucij upoštevati tudi bonitetne ocene zunanjih bonitetnih institucij za izdajo, kadar niti izdajatelj niti garant nima bonitetne ocene zunanje bonitetne institucije.
However, the marketable security should nonetheless have the required issue rating to comply with the eligibility criteria for marketable assets for Eurosystem credit operations.
Vendar bi moral imeti tržni vrednostni papir tako bonitetno oceno za izdajo, kot se zahteva za izpolnitev kriterijev primernosti za tržno finančno premoženje za kreditne posle Eurosistema.
Decision (EU) 2015/774 (ECB/2015/10) should take account of the fact that those eligibility criteria are now contained in Part Four of Guideline (EU) 2015/510 of the European Central Bank (ECB/2014/60) [2].
V Sklepu (EU) 2015/774 (ECB/2015/10) bi bilo treba upoštevati, da so ti kriteriji zdaj določeni v delu 4 Smernice Evropske centralne banke (EU) 2015/510 (ECB/2014/60) [2].
In order to be eligible for purchase under the PSPP, marketable debt securities shall comply with the eligibility criteria for marketable assets for Eurosystem credit operations pursuant to Part Four of Guideline (EU) 2015/510 of the European Central Bank (ECB/2014/60), subject to the following requirements:(a) the issuer or guarantor of the marketable debt securities shall have a credit quality assessment of at least Credit Quality Step 3 in the Eurosystem's harmonised rating scale expressed in the form of at least one public credit rating provided by an external credit assessment institution (ECAI) accepted within the Eurosystem credit assessment framework;
Tržni dolžniški vrednostni papirji so primerni za nakupe v okviru programa nakupa vrednostnih papirjev javnega sektorja na sekundarnih trgih, če izpolnjujejo kriterije primernosti za tržno finančno premoženje za kreditne posle Eurosistema v skladu z delom 4 Smernice Evropske centralne banke (EU) 2015/510 (ECB/2014/60), ob upoštevanju naslednjih zahtev:(a) izdajatelj ali garant tržnih dolžniških vrednostnih papirjev mora imeti bonitetno oceno najmanj stopnje kreditne kvalitete 3 na usklajeni lestvici bonitetnih ocen Eurosistema, ki je izražena v obliki najmanj ene javne bonitetne ocene zunanje bonitetne institucije, ki je sprejeta v bonitetnem okviru Eurosistema;
if multiple ECAI issuer ratings or ECAI guarantor ratings are available, the first-best rule shall apply, i.e. the best available ECAI issuer rating or ECAI guarantor rating shall apply.
če za izdajatelja ali garanta obstaja več bonitetnih ocen zunanjih bonitetnih institucij, velja pravilo najboljše ocene, tj. uporabi se najboljša razpoložljiva ocena zunanje bonitetne institucije za izdajatelja ali garanta.
If the fulfilment of the credit quality requirements is established based on an ECAI guarantor rating, the guarantee shall fulfil the features of an acceptable guarantee as laid down in Article 87 and Articles 113 to 115 of Guideline (EU) 2015/510 (ECB/2014/60);
Če se izpolnjevanje zahtev glede kreditne kvalitete določi na podlagi bonitetne ocene zunanje bonitetne institucije za garanta, mora imeti jamstvo značilnosti sprejemljivega jamstva, kakor so določene v členu 87 in členih 113 do 115 Smernice (EU) 2015/510 (ECB/2014/60);
in the absence of an ECAI issuer rating and an ECAI guarantor rating, a marketable debt security shall have at least one ECAI issue rating of at least Credit Quality Step 3 on the Eurosystem's harmonised rating scale;
če za izdajatelja niti za garanta ni bonitetne ocene zunanje bonitetne institucije, mora imeti tržni dolžniški vrednostni papir najmanj eno bonitetno oceno zunanje bonitetne institucije za izdajo, ki ustreza najmanj stopnji kreditne kvalitete 3 na usklajeni lestvici bonitetnih ocen Eurosistema;
if the credit assessment provided by an accepted ECAI for the issuer, guarantor or issue does not comply with at least Credit Quality Step 3 in the Eurosystem's harmonised rating scale, marketable debt securities shall be eligible only if they are issued or fully guaranteed by the central governments of euro area Member States under a financial assistance programme and in respect of which the application of the Eurosystem's credit quality threshold is suspended by the Governing Council pursuant to Article 8 of Guideline ECB/2014/31;
če bonitetna ocena sprejete zunanje bonitetne institucije za izdajatelja, garanta ali izdajo ne ustreza najmanj stopnji kreditne kvalitete 3 na usklajeni lestvici bonitetnih ocen Eurosistema, so tržni dolžniški vrednostni papirji primerni samo, če jih izda ali zanje v celoti jamči centralna država v državah članicah euroobmočja, kjer poteka program finančne pomoči, v zvezi s katerimi je Svet ECB na podlagi člena 8 Smernice ECB/2014/31 odločil, da se Eurosistemov prag kreditne kvalitete ne uporablja;
in the event of a review of an ongoing financial assistance programme, eligibility for PSPP purchases shall be suspended and shall resume only in the event of a positive outcome of the review.
v primeru pregleda programa finančne pomoči, ki poteka, se primernost za nakupe v okviru programa nakupa vrednostnih papirjev javnega sektorja na sekundarnih trgih odvzame in se povrne samo, če je rezultat pregleda pozitiven.
The issue share limit shall be as follows:
Omejitev deleža izdaj znaša:
50 % per ISIN for eligible marketable debt securities issued by eligible international organisations and multilateral development banks;
50 % po posameznih ISIN za primerne tržne dolžniške vrednostne papirje, ki jih izdajo primerne mednarodne organizacije in multilateralne razvojne banke;
33 % per ISIN for other eligible marketable debt securities, with the exception of 25 % per ISIN for such eligible marketable debt securities containing a collective action clause (CAC) that differs from the euro area model CAC elaborated by the Economic and Financial Committee and implemented by the Member States in accordance with Article 12(3) of the Treaty establishing the European Stability Mechanism, but will be increased to 33 %, subject to verification on a case-by-case basis that a holding of 33 % per ISIN of those securities would not lead the Eurosystem central banks to reach blocking minority holdings in orderly debt restructurings.
33 % po posameznih ISIN za druge primerne tržne dolžniške vrednostne papirje, razen za tovrstne primerne tržne dolžniške vrednostne papirje s klavzulo o skupnem ukrepanju, ki se razlikuje od vzorčne klavzule o skupnem ukrepanju za euroobmočje, ki jo je oblikoval Ekonomsko-finančni odbor in so jo uvedle države članice v skladu s členom 12(3) Pogodbe o ustanovitvi Evropskega mehanizma za stabilnost, za katere znaša 25 % po posameznih ISIN, se bo pa zvišala na 33 %, pod pogojem, da se v vsakem posameznem primeru preveri, da imetje 33 % teh vrednostnih papirjev po posameznih ISIN ne bo povzročilo, da bi centralne banke Eurosistema dosegle manjšinske deleže, ki lahko preprečijo sprejetje odločitev pri urejenem prestrukturiranju dolgov.
All marketable debt securities eligible for purchase under the PSPP and which have the remaining maturities specified in Article 3 shall be subject to an aggregate limit, after consolidating holdings in all of the portfolios of the Eurosystem central banks, of:
Za vse tržne dolžniške vrednostne papirje, ki so primerni za nakupe v okviru programa nakupa vrednostnih papirjev javnega sektorja na sekundarnih trgih in imajo preostalo zapadlost, kakor je določena v členu 3, velja skupna omejitev po konsolidaciji imetij v vseh portfeljih centralnih bank Eurosistema v višini:
50 % of the outstanding securities of an issuer which is an eligible international organisation or a multilateral development bank; or
50 % nezapadlih vrednostnih papirjev izdajatelja, ki je primerna mednarodna organizacija ali multilateralna razvojna banka, ali
33 % of the outstanding securities of an issuer other than an eligible international organisation or a multilateral development bank.
33 % nezapadlih vrednostnih papirjev izdajatelja, ki ni primerna mednarodna organizacija ali multilateralna razvojna banka.
With regard to the debt securities referred to in point (d) of Article 3(2), different issuer and issue share limits shall apply.
Za dolžniške vrednostne papirje iz točke (d) člena 3(2) se uporabljajo drugačne omejitve glede izdajateljev in omejitve deležev izdaj.
in Article 6, paragraph 1 is replaced by the following:
v členu 6 se odstavek 1 nadomesti z naslednjim:
Of the book value of purchases of marketable debt securities eligible under the PSPP, 10 % shall be purchased in securities issued by eligible international organisations and multilateral development banks, and 90 % of that book value shall be purchased in securities issued by eligible central, regional or local governments and recognised agencies or, where applicable pursuant to Article 3(4) of this Decision, in securities issued by eligible public non-financial corporations.
Od knjigovodske vrednosti nakupov tržnih dolžniških vrednostnih papirjev, ki so primerni v okviru programa nakupa vrednostnih papirjev javnega sektorja na sekundarnih trgih, mora biti 10 % v vrednostnih papirjih, ki jih izdajo primerne mednarodne organizacije in multilateralne razvojne banke, ter 90 % v vrednostnih papirjih, ki jih izdajo primerna centralna, regionalna ali lokalna država in priznane agencije, ali, kadar to pride v poštev na podlagi člena 3(4) tega sklepa, v vrednostnih papirjih, ki jih izdajo primerne javne nefinančne družbe.
This allocation is subject to revision by the Governing Council.
To dodelitev preverja Svet ECB.
Purchases of debt securities issued by eligible international organisations, multilateral development banks and regional and local governments shall be made by NCBs only.’;
Nakupe dolžniških vrednostnih papirjev, ki jih izdajo primerne mednarodne organizacije, multilateralne razvojne banke ter regionalna in lokalna država, izvajajo samo NCB.“;
The NCBs' share of the book value of purchases of marketable debt securities eligible under the PSPP shall be 90 %, and the remaining 10 % shall be purchased by the ECB.
Delež NCB v knjigovodski vrednosti nakupov tržnih dolžniških vrednostnih papirjev, ki so primerni v okviru programa nakupa vrednostnih papirjev javnega sektorja na sekundarnih trgih, znaša 90 %, preostalih 10 % pa kupi ECB.
The distribution of purchases across jurisdictions shall be in accordance with the key for subscription of the ECB's capital as referred to in Article 29 of the Statute of the ESCB.’.
Razdelitev nakupov po državah se opravi v skladu s ključem za vpis kapitala v ECB iz člena 29 Statuta ESCB.“
It shall apply from 19 April 2016.
Predsednik ECB
Done at Frankfurt am Main, 18 April 2016.
Sklep Evropske centralne banke (EU) 2015/774 z dne 4. marca 2015 o programu nakupa vrednostnih papirjev javnega sektorja na sekundarnih trgih (ECB/2015/10) (UL L 121, 14.5.2015, str. 20).
The President of the ECB
Smernica Evropske centralne banke (EU) 2015/510 z dne 19. decembra 2014 o izvajanju okvira denarne politike Eurosistema (ECB/2014/60) (UL L 91, 2.4.2015, str. 3).
Decision (EU) 2015/774 of the European Central Bank of 4 March 2015 on a secondary markets public sector asset purchase programme (ECB/2015/10) (OJ L 121, 14.5.2015, p. 20).
Smernica ECB/2014/31 Evropske centralne banke z dne 9. julija 2014 o dodatnih začasnih ukrepih v zvezi z Eurosistemovimi operacijami refinanciranja in primernostjo zavarovanja ter o spremembi Smernice ECB/2007/9 (UL L 240, 13.8.2014, str. 28).“;
Guideline (EU) 2015/510 of the European Central Bank of 19 December 2014 on the implementation of the Eurosystem monetary policy framework (ECB/2014/60) (OJ L 91, 2.4.2015, p. 3).
Ta sklep začne veljati 19. aprila 2016.
Guideline ECB/2014/31 of the European Central Bank of 9 July 2014 on additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral and amending Guideline ECB/2007/9 (OJ L 240, 13.8.2014, p. 28).’;
Uporablja se od 19. aprila 2016.
Decision (EU) 2016/821 of the European Central Bank
Sklep Evropske centralne banke (EU) 2016/821
of 26 April 2016
z dne 26. aprila 2016
amending Decision ECB/2007/7 concerning the terms and conditions of TARGET2-ECB (ECB/2016/9)
o spremembi Sklepa ECB/2007/7 o pogojih za sistem TARGET2-ECB (ECB/2016/9)
Guideline (EU) 2016/579 of the European Central Bank (ECB/2016/6) [1] has amended Guideline ECB/2012/27 [2] with a view to clarifying the scheme by which national central banks (NCBs) provide auto-collateralisation services and settlement in central bank money.
Smernica Evropske centralne banke (EU) 2016/579 (ECB/2016/6) [1] je spremenila Smernico ECB/2012/27 [2] z namenom, da se pojasni sistem, po katerem nacionalne centralne banke (NCB) zagotavljajo storitve avtokolateralizacije in poravnavo v centralnobančnem denarju.
These clarifications follow on from amendments introduced by Guideline (EU) 2015/930 of the European Central Bank (ECB/2015/15) [3], which amended Guideline ECB/2012/27 to introduce Dedicated Cash Accounts and auto-collateralisation services with regard to the operation of TARGET2-Securities (T2S).
Ta pojasnila sledijo spremembam, uvedenim s Smernico Evropske centralne banke (EU) 2015/930 (ECB/2015/15) [3], ki je spremenila Smernico ECB/2012/27 zaradi uvedbe namenskih denarnih računov in storitev avtokolateralizacije v povezavi z delovanjem platforme TARGET2-Securities (T2S).
Guideline (EU) 2016/579 (ECB/2016/6) has also introduced amendments to Guideline ECB/2012/27 on a number of policy issues, including the treatment of TARGET2 participants subject to resolution proceedings, from the perspective of their TARGET2 participation.
Smernica (EU) 2016/579 (ECB/2016/6) je uvedla spremembe Smernice ECB/2012/27 tudi v zvezi z več vprašanji politike, vključno z obravnavo udeležencev v sistemu TARGET2, ki so v postopku reševanja, z vidika udeležbe v sistemu TARGET2.
To reflect the foregoing amendments to Guideline ECB/2012/27, Decision ECB/2007/7 [4], which is concerned with the terms and conditions of TARGET2-ECB, should be amended accordingly,
Da se upoštevajo zgoraj navedene spremembe Smernice ECB/2012/27, je treba Sklep ECB/2007/7 [4], ki določa pogoje za sistem TARGET2-ECB, ustrezno spremeniti –
Annexes I and II to Decision ECB/2007/7 are amended in accordance with the Annex to this Decision.
Prilogi I in II k Sklepu ECB/2007/7 se spremenita v skladu s Prilogo k temu sklepu.
This Decision shall enter into force on 16 May 2016.
Ta sklep začne veljati 16. maja 2016.
Done at Frankfurt am Main, 26 April 2016.
V Frankfurtu na Majni, 26. aprila 2016
Guideline (EU) 2016/579 of the European Central Bank of 16 March 2016 amending Guideline ECB/2012/27 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (ECB/2016/6) (OJ L 99, 15.4.2016, p. 21).
Smernica Evropske centralne banke (EU) 2016/579 z dne 16. marca 2016 o spremembi Smernice ECB/2012/27 o transevropskem sistemu bruto poravnave v realnem času (TARGET2) (ECB/2016/6) (UL L 99, 15.4.2016, str.
Guideline ECB/2012/27 of the European Central Bank of 5 December 2012 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (OJ L 30, 30.1.2013, p. 1).
21).
Guideline (EU) 2015/930 of the European Central Bank of 2 April 2015 amending Guideline ECB/2012/27 on a Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) (ECB/2015/15) (OJ L 155, 19.6.2015, p. 38).
Smernica ECB/2012/27 Evropske centralne banke z dne 5. decembra 2012 o transevropskem sistemu bruto poravnave v realnem času (TARGET2) (UL L 30, 30.1.2013, str.
Decision ECB/2007/7 of 24 July 2007 concerning the terms and conditions of TARGET2-ECB (OJ L 237, 8.9.2007, p. 71).
1).
ANNEX
Smernica Evropske centralne banke (EU) 2015/930 z dne 2. aprila 2015 o spremembah Smernice ECB/2012/27 o transevropskem sistemu bruto poravnave v realnem času (TARGET2) (ECB/2015/15) (UL L 155, 19.6.2015, str.
Annex I to Decision ECB/2007/7 is amended as follows:
38).
in Article 1, the following definition is replaced:
Sklep ECB/2007/7 z dne 24. julija 2007 o pogojih za sistem TARGET2-ECB (UL L 237, 8.9.2007, str.
“direct debit authorisation” means a general instruction by a payer to its CB entitling and obliging that CB to debit the payer's account upon receipt of a valid direct debit instruction from a payee,’;
71).
Article 28 is amended as follows:
PRILOGA
the following sentence is added at the end of paragraph 1:
Priloga I k Sklepu ECB/2007/7 se spremeni:
‘For the purposes of this paragraph, the taking of resolution action within the meaning of Directive 2014/59/EU of the European Parliament and of the Council against a PM account holder shall not automatically qualify as the opening of insolvency proceedings.(ii) paragraph 4(a) is replaced by the following:
v členu 1 se nadomesti naslednja opredelitev pojma:
Such message shall be deemed to have been issued by the home CB of the PM account holder and DCA holder that receives the message.’;
člen 28 se spremeni:
paragraph 4(b) is deleted;
na koncu odstavka 1 se doda naslednji stavek:
in Article 32, paragraph 1 is replaced by the following:
„For the purposes of this paragraph, the taking of resolution action within the meaning of Directive 2014/59/EU of the European Parliament and of the Council against a PM account holder shall not automatically qualify as the opening of insolvency proceedings.(ii) odstavek 4(a) se nadomesti z naslednjim:
The ECB shall keep confidential all sensitive or secret information, including when such information relates to payment, technical or organisational information belonging to the participant, participants from the same group or the participant's customers, unless the participant or its customer has given its written consent to disclose.’;
Such message shall be deemed to have been issued by the home CB of the PM account holder and DCA holder that receives the message.“;
in Appendix II, paragraph 3(a)(ii) is replaced by the following:
odstavek 4(b) se črta;
Any interest or charges resulting from the placing of any non-settled payment orders on deposit with the Eurosystem shall be deducted from, or charged to, the amount of any compensation, as the case may be; and’;
v členu 32 se odstavek 1 nadomesti z naslednjim:
in Appendix IV, paragraph 4 is amended as follows:
The ECB shall keep confidential all sensitive or secret information, including when such information relates to payment, technical or organisational information belonging to the participant, participants from the same group or the participant's customers, unless the participant or its customer has given its written consent to disclose.“;
point (b) is replaced by the following:
v Dodatku II se odstavek 3(a)(ii) nadomesti z naslednjim:
In the event that the operation of the SSP or the T2S Platform, as referred to in Annex II, is relocated from one region (Region 1) to another region (Region 2), the participants shall endeavour to reconcile their positions up to the point of the failure or the occurrence of the abnormal external events and provide to the ECB all relevant information in this respect.’;
Any interest or charges resulting from the placing of any non-settled payment orders on deposit with the Eurosystem shall be deducted from, or charged to, the amount of any compensation, as the case may be; and“;
the following point (c) is added:
v Dodatku IV se odstavek 4 spremeni:
Where a PM to DCA liquidity transfer order is debited on the participant's PM account on the SSP in Region 1, but, after reconciliation, is not shown as debited on the SSP in Region 2, the CB responsible for the participant shall debit the participant's PM account in Region 2 to return the participant's PM account balance to the level it had prior to the relocation.’;
točka (b) se nadomesti z naslednjim:
in Appendix IV, paragraph 8(c) is replaced by the following:
In the event that the operation of the SSP or the T2S Platform, as referred to in Annex II, is relocated from one region (Region 1) to another region (Region 2), the participants shall endeavour to reconcile their positions up to the point of the failure or the occurrence of the abnormal external events and provide to the ECB all relevant information in this respect.“;
Any costs incurred by the participants as a result of such testing or other arrangements shall be borne solely by the participants.’;
doda se naslednja točka (c):
in Appendix VI, the following text is added:
Where a PM to DCA liquidity transfer order is debited on the participant's PM account on the SSP in Region 1, but, after reconciliation, is not shown as debited on the SSP in Region 2, the CB responsible for the participant shall debit the participant's PM account in Region 2 to return the participant's PM account balance to the level it had prior to the relocation.“;
A fixed monthly fee of EUR 1000 to be charged to each ancillary system (Fixed Fee I).
v Dodatku IV se odstavek 8(c) nadomesti z naslednjim:
A second monthly fixed fee of between EUR 417 and EUR 8334, in proportion to the underlying gross value of the ancillary system's euro cash settlement transactions (Fixed Fee II).
Any costs incurred by the participants as a result of such testing or other arrangements shall be borne solely by the participants.“;
for Option B, the limits of the bands relating to volume of payment instructions are divided by two; and
v Dodatku VI se doda naslednje besedilo:
Per transmission’;
Priloga II k Sklepu ECB/2007/7 se spremeni:
Annex II to Decision ECB/2007/7 is amended as follows:
v členu 1 se nadomestita naslednji opredelitvi pojmov: