natgillin/translations-raw huggingface dataset:
For Category 1 PRIIPs as defined in point 4(c) of Annex II a reasonable and conservative best estimate of the expected values for the performance scenarios set out in point 1(a) to (c) of this Annex at the end of the recommended holding period shall be provided.
Za PRIIP kategorije 2 se vrednosti, ki se prikažejo za vmesna obdobja, izračunajo z uporabo formul iz točk od 9 do 11 te priloge, pri čemer je N število obdobij trgovanja od datuma začetka do konca vmesnega obdobja.
The scenarios selected and shown shall be consistent with and complement the other information contained in the key information document, including the overall risk profile for the PRIIP.
Proizvajalci PRIIP za PRIIP kategorije 1 in PRIIP kategorije 4 ocenijo vrednosti, ki se prikažejo za vmesna obdobja, v skladu z oceno ob koncu priporočenega obdobja razpolaganja.
The PRIIP manufacturer shall ensure the consistency of the scenarios with internal product governance conclusions, including amongst other things, any stress-testing undertaken by the PRIIP manufacturer for the PRIIP, and data and analysis used for the purposes of producing the other information contained with the key information document.
Zato mora metoda, ki se uporablja za oceno vrednosti PRIIP na začetku vsakega vmesnega obdobja, dati enako vrednost za celotno priporočeno obdobje razpolaganja, kot jih da metoda, določena v točkah 16 oziroma 15 te priloge.
The scenarios shall be selected to give a balanced presentation of the possible outcomes of the product in both favourable and unfavourable conditions, but only scenarios that can be reasonably expected shall be shown.
Proizvajalec za pripravo ugodnega, zmernega, neugodnega in stresnega scenarija za PRIIP kategorije 3 v vmesnem obdobju pred koncem priporočenega obdobja razpolaganja izbere tri osnovne simulacije, kot je določeno v točkah od 16 do 24 Priloge II za izračun MRM, in eno osnovno simulacijo, kot je določeno v točki 13 te priloge, vendar samo na podlagi osnovnih ravni in na tak način, da je simulirana vrednost PRIIP za to vmesno obdobje verjetno skladna z ustreznim scenarijem.
The scenarios shall not be selected so as give undue prominence to favourable outcomes at the expense of unfavourable ones.
Proizvajalec za pripravo ugodnega, zmernega, neugodnega in stresnega scenarija v vmesnem obdobju za PRIIP kategorije 3 z eno osnovo, pri čemer je za vrednost znano, da je naraščajoča funkcija osnovne ravni, izbere tri osnovne simulacije, kot je določeno v točkah od 16 do 24 Priloge II za izračun MRM, in eno osnovno simulacijo, kot je določeno v točki 13 te priloge, ki dajejo raven osnove pri 90. percentilu za ugoden scenarij, raven osnove pri 50. percentilu za zmeren scenarij, raven osnove pri 10. percentilu za neugoden scenarij in za stresni scenarij raven osnove pri percentilu, ki ustreza 1 % za obdobje 1 leta in 5 % za druga obdobja razpolaganja.
Calculation of expected values for intermediate holding periods
Proizvajalec za pripravo ugodnega, zmernega, neugodnega in stresnega scenarija v vmesnem obdobju za PRIIP kategorije 3 z eno osnovo, pri čemer je za vrednost znano, da je padajoča funkcija osnovne ravni, izbere tri osnovne simulacije, kot je določeno v točkah od 16 do 24 Priloge II za izračun MRM, in eno osnovno simulacijo, kot je določeno v točki 13 te priloge, ki dajejo raven osnove pri 90. percentilu za neugoden scenarij, raven osnove pri 50. percentilu za zmeren scenarij, raven osnove pri 10. percentilu za ugoden scenarij in za stresni scenarij raven osnove pri percentilu, ki ustreza 1 % za obdobje 1 leta in 5 % za druga obdobja razpolaganja.
For PRIIPs with a recommended holding period between 1 and 3 years, performance shall be shown at 2 different holding periods: at the end of the first year and at the end of the recommended holding period.
Proizvajalec za pripravo ugodnega, zmernega, neugodnega in stresnega scenarija v vmesnem obdobju za PRIIP kategorije 3, ki niso navedeni v točkah (a) in (b), izbere osnovne vrednosti, ki so skladne z 90., 50. in 10. percentilom PRIIP ter percentilom, ki ustreza 1 % za obdobje 1 leta in 5 % za druga obdobja razpolaganja, in jih uporabi kot temeljne vrednosti za simulacijo za določitev vrednosti PRIIP.
For PRIIPs with a recommended holding period of 3 years or more, performance shall be shown at 3 holding periods: at the end of the first year, after half the recommended holding period rounded up to the end of the nearest year, and at the end of the recommended holding period.
Za PRIIP kategorije 1, ki so terminski posli ter nakupne in prodajne opcije, s katerimi se trguje na reguliranem trgu ali trgu tretje države, ki se šteje za enakovrednega reguliranemu trgu v skladu s členom 28 Uredbe (EU) št. 600/2014, se ne vključijo scenariji uspešnosti za vmesna obdobja razpolaganja.
For PRIIPs with a recommended holding period of 1 year or less, no performance scenarios for intermediate holding periods shall be shown.
Za ugodni, zmerni in neugodni scenarij v vmesnih obdobjih je ocena razdelitve, ki se uporabi za določanje vrednosti PRIIP pri različnih percentilih, skladna z opazovanim donosom in nestanovitnostjo, opazovano v zadnjih petih letih za vse instrumente trga, s katerimi se določi vrednost PRIIP.
For Category 2 PRIIPs, the values to be shown for the intermediate periods shall be calculated using the formulas in point 9 to 11 of this Annex with the N defined to be the number of trading periods from the start date to the end of the intermediate period.
Za stresni scenarij v vmesnih obdobjih je ocena razdelitve, ki se uporabi za določanje vrednosti PRIIP pri različnih percentilih, skladna s simulirano porazdelitvijo vseh instrumentov trga, s katerimi se določi vrednost PRIIP, kot je določeno v točkah od 11 do 13.
For Category 1 PRIIPs and Category 4 PRIIPs, the values to be shown for the intermediate periods shall be estimated by the PRIIP manufacturer in a manner consistent with the estimation at the end of the recommended holding period.
Neugoden scenarij je ocena vrednosti PRIIP na začetku vmesnega obdobja, ki je skladna z 10. percentilom.
To this end, the method used to estimate the value of the PRIIP at the start of each intermediate period needs to produce the same value for the entire recommended holding period, as under the method prescribed in points 16 and 15 of this Annex respectively.
Zmeren scenarij je ocena vrednosti PRIIP na začetku vmesnega obdobja, ki je skladna s 50. percentilom.
For Category 3 PRIIPs, to produce the favourable, moderate, unfavourable and stress scenarios at an intermediate period before the end of the recommended holding period, the manufacturer shall pick three underlying simulations as referred to in points 16 to 24 of Annex II used for the calculation of the MRM and one underlying simulation as referred to in point 13 of this Annex, on the basis of underlying levels only and in such a manner that the simulated value of the PRIIPs for that intermediate period is likely to be consistent with the relevant scenario.
Ugoden scenarij je ocena vrednosti PRIIP na začetku vmesnega obdobja, ki je skladna z 90. percentilom.
To produce the favourable, moderate, unfavourable and stress scenarios at an intermediate period for a Category 3 PRIIP with one underlying and whose value is known to be a increasing function of its underlying level, the manufacturer shall pick three underlying simulations as referred to in points 16 to 24 of Annex II used for the calculation of the MRM and one underlying simulation as referred to in point 13 of this Annex, leading respectively to the 90th percentile level for the favourable scenario, the 50th percentile level for the moderate scenario, the 10th percentile level for the unfavourable scenario and the percentile level that corresponds to 1 % for 1 year and to 5 % for the other holding periods for the stress scenario.
Stresni scenarij je ocena vrednosti PRIIP na začetku vmesnega obdobja, ki je skladna s percentilom, ki ustreza 1 % za obdobje 1 leta in 5 % za druga obdobja razpolaganja simulirane porazdelitve iz točke 13.
To produce the favourable, moderate, unfavourable and stress scenarios at an intermediate period for a Category 3 PRIIP with one underlying and whose value is known to be an decreasing function of its underlying level, the manufacturer shall pick three underlying simulations as referred to in points 16 to 24 of Annex II used for the calculation of the MRM and one underlying simulation as referred to in point 13 of this Annex, leading respectively to the 90 the percentile level for the unfavourable scenario, the 50th percentile level for the moderate scenario, the 10th percentile level for the favourable scenario and the percentile level that corresponds to 1 % for 1 year and to 5 % for the other holding periods for the stress scenario.
Splošne zahteve
To produce the favourable, moderate, unfavourable and stress scenarios at an intermediate period for a Category 3 PRIIP other than those mentioned in points (a) and (b) the manufacturer shall choose underlying values consistent with the 90th, the 50th, and the 10th percentile levels and the percentile level that corresponds to 1 % for 1 year and to 5 % for the other holding periods of the PRIIP and use these values as the seed values for a simulation to determine the value of the PRIIP.
Uspešnost PRIIP se izračuna brez vseh povezanih stroškov v skladu s Prilogo VI za scenarij in obdobje razpolaganja, ki sta prikazana.
For Category 1 PRIIPs that are futures, call options and put options traded on a regulated market or on a third-country market considered to be equivalent to a regulated market in accordance with Article 28 of Regulation (EU) No 600/2014, performance scenarios for intermediate holding periods shall not be included.
Uspešnost se prikaže v denarnih enotah.
For favourable, moderate and unfavourable scenarios at intermediate periods, the estimate of the distribution used to read the value of the PRIIP at different percentiles shall be consistent with the observed return and volatility observed over the past 5 years of all market instruments that determine the PRIIP's value.
Uporabljeni zneski so skladni z zneski iz točke 90 Priloge VI.
For the stress scenario at intermediate periods, the estimate of the distribution used to read the value of the PRIIP at different percentiles shall be consistent with the simulated distribution of all market instruments that determine the PRIIP's value as set out in points 11 and 13.
Uspešnost se prikaže tudi v odstotkih kot povprečna letna donosnost naložbe.
The unfavourable scenario shall be the estimate of the value of the PRIIP at the start of the intermediate period consistent with the 10th percentile.
Pri izračunu rezultata se čista uspešnost uporabi kot števec, znesek začetne naložbe ali plačana cena pa kot imenovalec.
The moderate scenario shall be the estimate of the value of the PRIIP at the start of the intermediate period consistent with the 50th percentile.
Za PRIIP, pri katerih ni začetne naložbe ali plačane cene, kot so terminske pogodbe ali menjalni posli, se odstotek izračuna ob upoštevanju nominalne vrednosti pogodbe, postopek izračuna pa se opiše v opombi.
The favourable scenario shall be the estimate of the value of the PRIIP at the start of the intermediate period consistent with the 90th percentile.
Za zavarovalne naložbene produkte se poleg zgoraj navedenih metod, vključno z metodo iz točke 15, za izračun scenarijev uspešnosti v zvezi z naložbo uporabi naslednje:
The stress scenario shall be the estimate of the value of the PRIIP at the start of the intermediate period consistent with the percentile level that corresponds to 1 % for 1 year and to 5 % for the other holding periods of the simulated distribution as set out in point 13.
upošteva se udeležba pri prihodnjem dobičku;
General requirements
predpostavke o udeležbi pri prihodnjem dobičku so skladne s predpostavko o letni donosnosti osnovnih sredstev;
The performance of the PRIIP shall be calculated net of all applicable costs in accordance with Annex VI for the scenario and holding period being presented.
predpostavke o delitvi prihodnjih dobičkov med proizvajalcem PRIIP in malim vlagateljem ter druge predpostavke o razdelitvi prihodnjega dobička so realistične in skladne z veljavno poslovno prakso in poslovno strategijo proizvajalca PRIIP.
Performance shall be presented in monetary units.
Kadar je dovolj dokazov, da bo podjetje spremenilo svoje prakse ali strategijo, so predpostavke o razdelitvi prihodnjega dobička skladne s spremenjenimi praksami ali strategijo.
The amounts used shall be consistent with the amounts referred to in point 90 of Annex VI.
Pri zavarovalnicah za življenjsko zavarovanje, ki spadajo na področje uporabe Direktive 2009/138/ES, so te predpostavke skladne s predpostavkami o prihodnjih ukrepih upravljanja, ki se uporabljajo za vrednotenje zavarovalno-tehničnih rezervacij v bilanci stanja po Solventnosti II;
Performance shall also be presented in percentage terms, as the average annual return of the investment.
kadar se element uspešnosti nanaša na udeležbo pri dobičku, ki se plača na podlagi diskrecijske odločitve, se ta element upošteva samo v ugodnih scenarijih uspešnosti:
That figure shall be calculated considering net performance as numerator and the initial investment amount or the price paid as denominator.
scenariji uspešnosti se izračunajo na podlagi zneskov naložb iz točke 32 te priloge.
For those PRIIPs where there is no initial investment or price paid such as future contracts or swaps, the percentage shall be calculated considering the nominal value of the contract and a footnote shall be added to explain that calculation.
PRILOGA V
For an insurance based investment product, the following shall apply in addition to the methods referred above including under point 15 when calculating the performance scenarios in respect of the investment:
METODOLOGIJA ZA PRIKAZ SCENARIJEV USPEŠNOSTI
future profit participation shall be taken into account;
Splošne zahteve glede prikaza
assumptions on future profit participation shall be consistent with the assumption on the annual rates of return of the underlying assets;
Scenariji uspešnosti se prikažejo točno, pošteno, jasno in nezavajajoče ter na način, ki ga bo povprečen mali vlagatelj verjetno razumel.
assumptions on how future profits are shared between the PRIIP manufacturer and the retail investor and other assumptions on future profit sharing shall be realistic and in line with the current business practice and business strategy of the PRIIP manufacturer.
Če se lahko scenariji uspešnosti prikažejo šele ob dospelosti ali ob koncu priporočenega obdobja razpolaganja, kot velja za PRIIP iz točke 21 Priloge IV, se to jasno obrazloži v pojasnjevalnem opisu iz elementa E v delu 2 te priloge.
Where there is sufficient evidence that the undertaking will change its practices or strategy, the assumptions on future profit sharing shall be consistent with the changed practices or strategy.
V vseh primerih se vključijo pojasnjevalni opisi iz elementov A, B, C, D in F v delu 2 te priloge, razen v primeru PRIIP kategorije 1, ki so navedeni v točki 17 Priloge IV in za katere se uporabijo pojasnjevalni opisi iz elementov od G do K.
For life insurers within the scope of Directive 2009/138/EC, these assumptions shall be consistent with the assumptions on future management actions used for the valuation of technical provisions in the Solvency II-balance-sheet;
Prikaz scenarijev uspešnosti
where a component of the performance relates to profit participation that is payable on a discretionary basis, this component shall only be assumed in the favourable performance scenarios:
Proizvajalci PRIIP za vse PRIIP, razen za tiste iz kategorije 1, navedene v točki 17 Priloge IV, prikažejo scenarije uspešnosti v spodnjih oblikah, odvisno od tega, ali PRIIP izhaja iz enkratne naložbe ali premije oziroma rednih plačil ali premij.
the performance scenarios shall be calculated on the basis of the investment amounts set out in point 32 of this Annex.
Vmesna obdobja se lahko razlikujejo, odvisno od trajanja priporočenega obdobja razpolaganja.
ANNEX V
Za zavarovalne naložbene produkte se vključijo dodatne vrstice v zvezi s scenarijem za zavarovalne koristi, vključno s premijo za kumulativno biometrično tveganje za zavarovalni naložbeni produkt na podlagi rednih premij.
METHODOLOGY FOR THE PRESENTATION OF PERFORMANCE SCENARIOS
Donosi za ta scenarij se prikažejo samo v absolutnih vrednostih.
General presentation specifications
Predloga A: Plačana je enkratna naložba in/ali enkratna premija.
The performance scenarios shall be presented in a way that is fair, accurate, clear and not misleading, and that is likely to be understood by the average retail investor.
Plačana enkratna naložba
Where performance scenarios may be shown only at maturity or at the end of the recommended holding period, as for the PRIIPs referred to in point 21 of Annex IV, that shall be clearly explained in the narrative set out in element E in Part 2 of this Annex.
Plačana enkratna premija
In all cases, the narrative explanations set out in elements A, B, C, D and F in Part 2 of this Annex shall be included, except in the case of Category 1 PRIIPs referred to in point 17 of Annex IV, where the narrative explanations set in elements G to K shall be used instead.
Predloga B: Plačane so redne naložbe in/ali premije.
Presentation of performance scenarios
Plačane redne naložbe
For all PRIIPs except for category 1 PRIIPs referred to in point 17 of Annex IV, PRIIP manufacturers shall present the performance scenarios by means of the formats below, depending on whether the PRIIP is a single investment or premium or a regular payment or premium PRIIP.
Plačane redne premije
The interim periods may differ depending on the length of the recommended holding period.
Scenariji uspešnosti
For insurance-based investment products additional rows are included in respect of the scenario for the insurance benefits including the cumulative biometric risk premium for a regular premium insurance-based investment product.
[Element A] Ta [preglednica/graf] kaže znesek, ki bi ga lahko dobili nazaj v naslednjih [priporočeno obdobje razpolaganja] letih na podlagi različnih scenarijev, ob predpostavki, da vložite […] EUR [na leto].
Returns for that scenario shall only be shown in absolute values.
[Element B] Predstavljeni scenariji kažejo, kako uspešna bi lahko bila vaša naložba.
Template A: Single investment and/or single premium is paid.
Primerjate jih lahko s scenariji za druge produkte.
Single investment paid
[Element C] Predstavljeni scenariji so ocena prihodnje uspešnosti na podlagi preteklih dokazov o gibanju vrednosti te naložbe in niso natančni kazalnik.
Single premium paid
Koliko boste dobili, je odvisno od razmer na trgu in od tega, kako dolgo razpolagate z naložbo/produktom.
Template B: Regular investments and/or premiums are paid.
[Element D] Stresni scenarij prikazuje, koliko bi lahko dobili nazaj v ekstremnih tržnih razmerah in ne upošteva situacij, v katerih vam nismo sposobni plačati.
Regular investments paid
[Kadar je primerno][Element E] Tega produkta ni mogoče [enostavno] izplačati.
Regular premiums paid
To pomeni, da je težko oceniti, koliko bi dobili nazaj v primeru izplačila pred [zaključkom priporočenega obdobja razpolaganja / dospelostjo].
Performance scenarios
Predčasno izplačilo ne bo mogoče ali pa boste morali v primeru predčasnega izplačila plačati visoke stroške ali boste utrpeli veliko izgubo.
[Element A] This [table/graph] shows the money you could get back over the next [recommended holding period] years, under different scenarios, assuming that you invest EUR […] [per year].
[Element F] Prikazani zneski vključujejo vse stroške samega produkta [kadar je primerno]:[vendar morda ne vključujejo vseh stroškov, ki jih plačate svetovalcu ali distributerju][in vključuje stroške svetovalca ali distributerja].
[Element B] The scenarios shown illustrate how your investment could perform.
V zneskih ni upoštevan vaš davčni položaj, ki lahko prav tako vpliva na to, koliko boste dobili nazaj.
You can compare them with the scenarios of other products.
[Element G] Ta graf kaže, kako uspešna bi lahko bila vaša naložba.
[Element C] The scenarios presented are an estimate of future performance based on evidence from the past on how the value of this investment varies, and are not an exact indicator.
Primerjate ga lahko z grafi odplačil za druge izvedene finančne instrumente.
What you get will vary depending on how the market performs and how long you keep the investment/product.
[Element H] Predstavljen graf kaže vrsto mogočih rezultatov in ni kazalnik, ki bi natančno kazal, koliko bi lahko dobili nazaj.
[Element D] The stress scenario shows what you might get back in extreme market circumstances, and it does not take into account the situation where we are not able to pay you.
Koliko boste dobili, je odvisno od tega, kako se bo razvijala osnova.
[Where applicable][Element E] This product cannot be [easily] cashed in.
Graf za vsako vrednost osnove kaže, kakšen bi bil dobiček ali izguba produkta.
This means it is difficult to estimate how much you would get back if you cash in before [the end of the recommended holding period/maturity].
Vodoravna os kaže različne mogoče cene osnovne vrednosti na dan izteka, navpična pa dobiček ali izgubo.
You will either be unable to cash in early or you will have to pay high costs or make a large loss if you do so.
[Element I] Nakup tega produkta pomeni, da se bo osnovna cena po vašem mnenju [povišala/znižala].
[Element F] The figures shown include all the costs of the product itself, [where applicable]:[but may not include all the costs that you pay to your advisor or distributor][and includes the costs of your advisor or distributor].
[Element J] Vaša največja izguba bi bila izguba vaše celotne naložbe (plačane premije).
The figures do not take into account your personal tax situation, which may also affect how much you get back.
[Element K] Prikazane številke vključujejo vse stroške samega produkta, vendar morda ne vključujejo vseh stroškov, ki jih plačate svetovalcu ali distributerju.
[Element G] This graph illustrates how your investment could perform.
PRILOGA VI
You can compare them with the pay-off graphs of other derivatives.
METODOLOGIJA ZA IZRAČUN STROŠKOV
[Element H] The graph presented gives a range of possible outcomes and is not an exact indication of what you might get back.
Seznam stroškov
What you get will vary depending on how the underlying will develop.
I. SEZNAM STROŠKOV NALOŽBENIH SKLADOV (AIS IN KNPVP)
For each value of the underlying, the graph shows what the profit or loss of the product would be.
Stroški, ki jih je treba razkriti
The horizontal axis shows the various possible prices of the underlying value on the expiry date and the vertical axis shows the profit or loss.
Enkratni stroški
[Element I] Buying this product holds that you think the underlying price will [increase/decrease].
Enkraten strošek je vstopni ali izstopni strošek, ki:
[Element J] Your maximum loss would be that you will lose all your investment (premium paid).
ga neposredno plača mali vlagatelj ali
[Element K] The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor.
se odšteje od plačila, ki ga prejme mali vlagatelj ali mu je dolgovano.
ANNEX VI
Enkratni stroški so stroški, ki jih nosi mali vlagatelj in se ne odštejejo od sredstev AIS ali KNPVP.
METHODOLOGY FOR THE CALCULATION OF COSTS
Enkratni stroški med drugim vključujejo naslednje vrste vnaprejšnjih začetnih stroškov, ki se upoštevajo pri znesku stroškov, ki jih je treba razkriti v dokumentu s ključnimi informacijami:
List of costs
provizijo za distribucijo, če je znesek znan družbi za upravljanje.
I. LIST OF COSTS OF INVESTMENTS FUNDS (AIFs AND UCITS)
Če družbi za upravljanje ni znan dejanski znesek, se prikaže najvišji znesek morebitnih znanih stroškov distribucije za posamezen PRIIP;
Costs to be disclosed
stroške ustanovitve (vnaprejšnji del);
One-off costs
stroške trženja (vnaprejšnji del);
A one-off cost is an entry or exit cost which is either:
provizijo za vpis, vključno z davki.
paid directly by the retail investor; or
Ponavljajoči se stroški