natgillin/translations-raw huggingface dataset:
where the institution applies the SEC-SA or the SEC-ERBA, the maximum risk weight for senior securitisation positions shall be equal to the Standardised Approach weighted-average risk weight of the underlying exposures.
za institucijo, ki ima pozicije v listinjenju v različnih tranšah, je V enak največjemu delu udeležbe v vseh tranšah.
For the purposes of this Article, the risk weight that would be applicable under the IRB Approach in accordance with Chapter 3 shall include the ratio of:
Za te namene se del udeležbe za vsako od različnih tranš izračuna, kakor je določeno v točki (a).
expected losses multiplied by 12,5 to
Pri izračunu najvišje kapitalske zahteve za pozicije v listinjenju v skladu s tem členom se celotni znesek morebitnega dobička od prodaje in kuponov za obresti, ki izboljšujejo kreditno kakovost, ki izvirajo iz posla listinjenja, odbije od postavk navadnega lastniškega temeljnega kapitala v skladu s točko (k) člena 36(1).
the exposure value of the underlying exposures.
Pododdelek 5
Where the maximum risk weight calculated in accordance with paragraph 1 results in a lower risk weight than the risk-weight floors set out in Articles 259 to 264, as applicable, the former shall be used instead.
Druge določbe
Article 268
Člen 269
Maximum capital requirements
Relistinjenje
An originator institution, a sponsor institution or other institution using the SEC-IRBA or an originator institution or sponsor institution using the SEC-SA or the SEC-ERBA may apply a maximum capital requirement for the securitisation position it holds equal to the capital requirements that would be calculated under Chapter 2 or 3 in respect of the underlying exposures had they not been securitised.
Za pozicijo v relistinjenju institucije uporabijo SEC-SA v skladu s členom 261, in sicer z naslednjimi spremembami:
For the purposes of this Article, the IRB Approach capital requirement shall include the amount of the expected losses associated with those exposures calculated under Chapter 3 and that of unexpected losses.
W = 0 za vsako izpostavljenost do tranše listinjenja v skupini osnovnih izpostavljenosti;
In the case of mixed pools, the maximum capital requirement shall be determined by calculating the exposure-weighted average of the capital requirements of the IRB Approach and Standardised Approach portions of the underlying exposures in accordance with paragraph 1.
za dobljeno utež tveganja se uporablja spodnja meja uteži tveganja 100 %.
The maximum capital requirement shall be the result of multiplying the amount calculated in accordance with paragraphs 1 or 2 by the largest proportion of interest that the institution holds in the relevant tranches (V), expressed as a percentage and calculated as follows:
KSA za osnovne izpostavljenosti v listinjenju se izračuna v skladu s pododdelkom 2.
for an institution that has one or more securitisation positions in a single tranche, V shall be equal to the ratio of the nominal amount of the securitisation positions that the institution holds in that given tranche to the nominal amount of the tranche;
Najvišje kapitalske zahteve, določene v pododdelku 4, se ne uporabljajo za pozicije v relistinjenju.
for an institution that has securitisation positions in different tranches, V shall be equal to the maximum proportion of interest across tranches.
Kadar je skupina osnovnih izpostavljenosti sestavljena iz mešanice tranš listinjenja in drugih vrst sredstev, se parameter KA določi kot z nominalno izpostavljenostjo tehtano povprečje KA, izračunano za vsako podskupino izpostavljenosti posebej.
For these purposes, the proportion of interest for each of the different tranches shall be calculated as set out in point (a).
Člen 270
When calculating the maximum capital requirement for a securitisation position in accordance with this Article, the entire amount of any gain on sale and credit-enhancing interest-only strips arising from the securitisation transaction shall be deducted from Common Equity Tier 1 items in accordance with point (k) of Article 36(1).
Nadrejene pozicije v listinjenjih MSP
Subsection 5
Institucija v vlogi originatorja lahko izračuna zneske tveganju prilagojenih izpostavljenosti v zvezi s pozicijo v listinjenju v skladu s členi 260, 262 ali 264, kakor je ustrezno, kadar so izpolnjeni naslednji pogoji:
Miscellaneous provisions
listinjenje izpolnjuje zahteve za listinjenje STS, določene v poglavju 4 Uredbe (EU) 2017/2402, kakor je ustrezno, razen zahtev iz člena 20(1) do (6) navedene uredbe;
Article 269
pozicija šteje za nadrejeno pozicijo v listinjenju;
For a position in a re-securitisation, institutions shall apply the SEC-SA in accordance with Article 261, with the following changes:
kreditno tveganje, povezano s pozicijami, ki jih ne zadrži institucija v vlogi originatorja, se prenese z jamstvom ali posrednim jamstvom, ki izpolnjuje zahteve za osebno kreditno zavarovanje iz poglavja 4 za standardizirani pristop h kreditnemu tveganju;
W = 0 for any exposure to a securitisation tranche within the pool of underlying exposures;
tretja oseba, na katero je preneseno kreditno tveganje, je ena ali več od naslednjih:
p = 1,5;
centralna raven države ali centralna banka države članice, multilateralna razvojna banka, mednarodna organizacija ali promocijski subjekt, pod pogojem, da izpostavljenosti do dajalca jamstva ali posrednega jamstva izpolnjujejo pogoje za utež tveganja 0 % v skladu s poglavjem 2;
the resulting risk weight shall be subject to a risk-weight floor of 100 %.
institucionalni investitor, kot je opredeljen v točki (12) člena 2 Uredbe (EU) 2017/2402, pod pogojem, da je jamstvo ali posredno jamstvo v celoti zavarovano z bančnimi vlogami pri institucijah v vlogi originatorjev.
KSA for the underlying securitisation exposures shall be calculated in accordance with Subsection 2.
Člen 270a
The maximum capital requirements set out in Subsection 4 shall not be applied to re-securitisation positions.
Dodatna utež tveganja
Where the pool of underlying exposures consists of a mix of securitisation tranches and other types of assets, the KA parameter shall be determined as the nominal exposure weighted-average of the KA calculated individually for each subset of exposures.
Kadar institucija s katerega koli pomembnega vidika ne izpolnjuje zahtev iz poglavja 2 Uredbe (EU) 2017/2402 zaradi lastne malomarnosti ali opustitve, ji pristojni organi odredijo sorazmerno dodatno utež tveganja, ki znaša najmanj 250 % uteži tveganja z zgornjo mejo 1250 %, ki se uporablja za zadevne pozicije v listinjenju na način, določen v členu 247(6) oziroma členu 337(3) te uredbe.
Article 270
Dodatna utež tveganja se postopno povečuje z vsako naslednjo kršitvijo določb glede skrbnega pregleda in upravljanja tveganj.
Senior positions in SME securitisations
Pristojni organi upoštevajo izjeme za določena listinjenja iz člena 6(5) Uredbe (EU) 2017/2402 tako, da zmanjšajo utež tveganja, ki bi jo sicer odredili v skladu s tem členom, v zvezi z listinjenjem, za katerega se uporablja člen 6(5) Uredbe (EU) 2017/2402.
An originator institution may calculate the risk-weighted exposure amounts in respect of a securitisation position in accordance with Articles 260, 262 or 264, as applicable, where the following conditions are met:
EBA pripravi osnutke izvedbenih tehničnih standardov za okrepitev zbliževanja nadzorniških praks v zvezi z izvajanjem odstavka 1, vključno z ukrepi, ki se sprejmejo v primeru kršitve obveznosti glede skrbnega pregleda in upravljanja tveganj.
the securitisation meets the requirements for STS securitisation set out in Chapter 4 of Regulation (EU) 2017/2402 as applicable, other than Article 20(1) to (6) of that Regulation;
EBA navedene osnutke izvedbenih tehničnih standardov predloži Komisiji do 1. januarja 2014.
the position qualifies as the senior securitisation position;
Na Komisijo se prenese pooblastilo za sprejetje izvedbenih tehničnih standardov iz prvega pododstavka tega odstavka v skladu s členom 15 Uredbe (EU) št. 1093/2010.
the securitisation is backed by a pool of exposures to undertakings, provided that at least 70 % of those in terms of portfolio balance qualify as SMEs within the meaning of Article 501 at the time of issuance of the securitisation or in the case of revolving securitisations at the time an exposure is added to the securitisation;
Oddelek 4
the credit risk associated with the positions not retained by the originator institution is transferred through a guarantee or a counter-guarantee meeting the requirements for unfunded credit protection set out in Chapter 4 for the Standardised Approach to credit risk;
Zunanje bonitetne ocene
the third party to which the credit risk is transferred is one or more of the following:
Člen 270b
the central government or the central bank of a Member State, a multilateral development bank, an international organisation or a promotional entity, provided that the exposures to the guarantor or counter-guarantor qualify for a 0 % risk weight under Chapter 2;
Uporaba bonitetnih ocen ECAI
an institutional investor as defined in point (12) of Article 2 of Regulation (EU) 2017/2402 provided that the guarantee or counter-guarantee is fully collateralised by cash on deposit with the originator institution.
Institucije lahko za določanje uteži tveganja za pozicijo v listinjenju v skladu s tem poglavjem uporabijo bonitetne ocene le, kadar je bonitetno oceno izdala ali potrdila ECAI v skladu z Uredbo (ES) št. 1060/2009.
Article 270a
Člen 270c
Additional risk weight
Zahteve, ki jih morajo izpolniti bonitetne ocene ECAI
Where an institution does not meet the requirements in Chapter 2 of Regulation (EU) 2017/2402 in any material respect by reason of negligence or omission by the institution, the competent authorities shall impose a proportionate additional risk weight of no less than 250 % of the risk weight, capped at 1250 %, which shall apply to the relevant securitisation positions in the manner specified in Article 247(6) or Article 337(3) of this Regulation respectively.
Za namene izračuna zneskov tveganju prilagojenih izpostavljenosti v skladu z oddelkom 3 lahko institucije uporabijo bonitetno oceno ECAI le, kadar so izpolnjeni vsi naslednji pogoji:
The additional risk weight shall progressively increase with each subsequent infringement of the due diligence and risk management provisions.
med vrstami plačil, ki se odražajo v bonitetni oceni, in vrstami plačil, do katerih je institucija upravičena v skladu s pogodbo, iz katere izhaja zadevna pozicija v listinjenju, ni nobene neskladnosti;
The competent authorities shall take into account the exemptions for certain securitisations provided for in Article 6(5)) of Regulation (EU) 2017/2402 by reducing the risk weight they would otherwise impose under this Article in respect of a securitisation to which Article 6(5) of Regulation (EU) 2017/2402 applies.
ECAI objavi bonitetne ocene ter analizo izgub in denarnih tokov, občutljivost ocen na spremembe v osnovnih predpostavkah glede ocen, vključno z uspešnostjo osnovnih izpostavljenosti, pa tudi postopke, metodologije, predpostavke in ključne elemente, na katerih temeljijo bonitetne ocene, v skladu z Uredbo (ES) št. 1060/2009.
The EBA shall develop draft implementing technical standards to facilitate the convergence of supervisory practices with regard to the implementation of paragraph 1, including the measures to be taken in the case of breach of the due diligence and risk management obligations.
Za namene te točke se šteje, da so informacije javno dostopne, kadar so objavljene v dostopni obliki.
The EBA shall submit those draft implementing technical standards to the Commission by 1 January 2014.
Informacije, ki so dostopne le omejenemu številu subjektov, ne štejejo kot javno dostopne;
Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph of this paragraph in accordance with Article 15 of Regulation (EU) No 1093/2010.
bonitetne ocene so vključene v matriko prehodov ECAI;
Section 4
bonitetne ocene niti v celoti niti delno ne temeljijo na osebni podpori, ki jo zagotavlja sama institucija.
External credit assessments
Kadar pozicija v celoti ali delno temelji na osebni podpori, institucija to pozicijo za namene izračuna zneskov tveganju prilagojenih izpostavljenosti v skladu z oddelkom 3 obravnava, kot da je neocenjena;
Article 270b
ECAI je zavezana k objavi obrazložitev o tem, kako uspešnost osnovnih izpostavljenosti vpliva na bonitetno oceno.
Use of credit assessments by ECAIs
Člen 270d
Institutions may use only credit assessments to determine the risk weight of a securitisation position in accordance with this Chapter where the credit assessment has been issued or has been endorsed by an ECAI in accordance with Regulation (EC) No 1060/2009.
Uporaba bonitetnih ocen
Article 270c
Institucija se lahko odloči, da imenuje eno ali več ECAI, katerih bonitetne ocene se v skladu s tem poglavjem uporabljajo za izračun zneskov tveganju prilagojenih izpostavljenosti (v nadaljnjem besedilu: imenovana ECAI).
Requirements to be met by the credit assessments of ECAIs
Institucija uporablja bonitetne ocene svojih pozicij v listinjenju dosledno in neselektivno, za te namene pa mora izpolnjevati naslednje zahteve:
For the purposes of calculating risk-weighted exposure amounts in accordance with Section 3, institutions shall only use a credit assessment of an ECAI where all of the following conditions are met:
institucija za svoje pozicije v nekaterih tranšah ne uporabi bonitetnih ocen ene ECAI, za svoje pozicije v drugih tranšah v okviru istega listinjenja, ki jih je ali jih ni ocenila prva ECAI, pa bonitetnih ocen druge ECAI;
there is no mismatch between the types of payments reflected in the credit assessment and the types of payments to which the institution is entitled under the contract giving rise to the securitisation position in question;
kadar ima pozicija dve bonitetni oceni imenovanih ECAI, institucija uporabi manj ugodno bonitetno oceno;
the ECAI publishes the credit assessments and information on loss and cash-flow analysis, sensitivity of ratings to changes in the underlying ratings assumptions, including the performance of underlying exposures, and on the procedures, methodologies, assumptions, and key elements underpinning the credit assessments in accordance with Regulation (EC) No 1060/2009.
kadar ima pozicija tri ali več bonitetnih ocen imenovanih ECAI, se uporabita dve najugodnejši bonitetni oceni.
For the purposes of this point, information shall be considered as publicly available where it is published in accessible format.
Kadar sta dve najugodnejši bonitetni oceni različni, se uporabi manj ugodna bonitetna ocena;
Information that is made available only to a limited number of entities shall not be considered as publicly available;
institucija na lastno pobudo ne zaprosi za umik manj ugodnih bonitetnih ocen.
the credit assessments are included in the ECAI’s transition matrix;
Kadar se za osnovne izpostavljenosti listinjenja v celoti ali delno uporablja primerno kreditno zavarovanje v skladu s poglavjem 4 in se je učinek takšnega zavarovanja upošteval v bonitetni oceni pozicije v listinjenju s strani imenovane ECAI, institucija uporabi utež tveganja, povezano s to bonitetno oceno.
the credit assessments are not based or partly based on unfunded support provided by the institution itself.
Kadar kreditno zavarovanje iz tega odstavka ni primerno v skladu s poglavjem 4, se bonitetna ocena ne prizna, pozicija v listinjenju pa šteje za neocenjeno.
Where a position is based or partly based on unfunded support, the institution shall consider that position as if it were unrated for the purposes of calculating risk-weighted exposure amounts for this position in accordance with Section 3;
Kadar se za pozicijo v listinjenju uporablja primerno kreditno zavarovanje v skladu s poglavjem 4 in se je učinek takšnega zavarovanja upošteval v bonitetni oceni imenovane ECAI, institucija pozicijo v listinjenju obravnava, kot da je neocenjena, in izračuna zneske tveganju prilagojenih izpostavljenosti v skladu s poglavjem 4.
the ECAI has committed to publishing explanations on how the performance of underlying exposures affects the credit assessment.
Člen 270e
Article 270d
Vzporejanje listinjenj
Use of credit assessments
EBA pripravi osnutke izvedbenih tehničnih standardov za objektivno in dosledno vzporejanje stopenj kreditne kakovosti iz tega poglavja glede na zadevne bonitetne ocene vseh ECAI.
An institution may decide to nominate one or more ECAIs the credit assessments of which shall be used in the calculation of its risk-weighted exposure amounts under this Chapter (a “nominated ECAI”).
Za namene tega člena EBA zlasti:
An institution shall use the credit assessments of its securitisation positions in a consistent and non-selective manner and, for these purposes, shall comply with the following requirements:
razlikuje med relativnimi stopnjami tveganja, ki jih odraža posamezna bonitetna ocena;
an institution shall not use an ECAI’s credit assessments for its positions in some tranches and another ECAI’s credit assessments for its positions in other tranches within the same securitisation that may or may not be rated by the first ECAI;
upošteva kvantitativne dejavnike, kot so stopnje neplačil ali izgub, ter preteklo kakovost bonitetnih ocen vsake ECAI pri različnih kategorijah sredstev;
where a position has two credit assessments by nominated ECAIs, the institution shall use the less favourable credit assessment;
upošteva kvalitativne dejavnike, kot je razpon poslov, ki jih oceni ECAI, ter metodologijo in pomen njenih bonitetnih ocen, zlasti v zvezi s tem, ali takšne ocene upoštevajo pričakovano izgubo ali prvo izgubo v eurih, ter pravočasno plačilo obresti ali plačilo obresti ob zapadlosti;
where a position has three or more credit assessments by nominated ECAIs, the two most favourable credit assessments shall be used.
si prizadeva zagotoviti, da za pozicije v listinjenju, za katere se na podlagi bonitetnih ocen ECAI uporabi enaka utež tveganja, veljajo enakovredne stopnje kreditnega tveganja.
Where the two most favourable assessments are different, the less favourable of the two shall be used;
EBA navedene osnutke izvedbenih tehničnih standardov predloži Komisiji do 1. julija 2014.
an institution shall not actively solicit the withdrawal of less favourable ratings.
Na Komisijo se prenese pooblastilo za sprejetje izvedbenih tehničnih standardov iz prvega pododstavka tega odstavka v skladu s členom 15 Uredbe (EU) št. 1093/2010.“;
Where the exposures underlying a securitisation benefit from full or partial eligible credit protection in accordance with Chapter 4, and the effect of such protection has been reflected in the credit assessment of a securitisation position by a nominated ECAI, the institution shall use the risk weight associated with that credit assessment.
člen 337 se nadomesti z naslednjim:
Where the credit protection referred to in this paragraph is not eligible under Chapter 4, the credit assessment shall not be recognised and the securitisation position shall be treated as unrated.
„Člen 337
Where a securitisation position benefits from eligible credit protection in accordance with Chapter 4 and the effect of such protection has been reflected in its credit assessment by a nominated ECAI, the institution shall treat the securitisation position as if it were unrated and calculate the risk-weighted exposure amounts in accordance with Chapter 4.
Kapitalska zahteva za instrumente v listinjenju
Article 270e
Za instrumente v trgovalni knjigi, ki so pozicije v listinjenju, institucija neto pozicije, kot so izračunane v skladu s členom 327(1), tehta z 8 % uteži tveganja, ki bi jo institucija uporabila za pozicije v svoji netrgovalni knjigi v skladu z oddelkom 3 poglavja 5 naslova II.
Securitisation mapping
Pri določanju uteži tveganja za namene odstavka 1 se lahko ocene PD in LGD določijo na podlagi ocen, ki so izvedene z notranjim modelom za presežno tveganje neplačila in migracije (v nadaljnjem besedilu: model IRC) institucije, ki ji je bilo izdano dovoljenje za uporabo notranjega modela za posebno tveganje dolžniških instrumentov.
The EBA shall develop draft implementing technical standards to map in an objective and consistent manner the credit quality steps set out in this Chapter relative to the relevant credit assessments of all ECAIs.
Slednja alternativa se lahko uporabi izključno na podlagi dovoljenja pristojnih organov, ki se izda, če zadevne ocene izpolnjujejo kvantitativne zahteve za pristop IRB, določene v poglavju 3 naslova II.
For the purposes of this Article, the EBA shall in particular:
V skladu s členom 16 Uredbe (EU) št. 1093/2010 EBA izda smernice o uporabi ocen PD in LGD kot vhodnih podatkov, kadar zadevne ocene temeljijo na modelu IRC.
differentiate between the relative degrees of risk expressed by each assessment;
Za pozicije v listinjenju, ki so predmet dodatne uteži tveganja v skladu s členom 247(6), se uporabi 8 % celotne uteži tveganja.
consider quantitative factors, such as default or loss rates and the historical performance of credit assessments of each ECAI across different asset classes;
Institucija za izračun kapitalske zahteve za posebno tveganje sešteje svoje tehtane pozicije, ki izhajajo iz uporabe odstavkov 1, 2 in 3, ne glede na to, ali so dolge ali kratke, razen pozicij v listinjenju, za katere se uporablja člen 338(4).
consider qualitative factors such as the range of transactions assessed by the ECAI, its methodology and the meaning of its credit assessments in particular whether such assessments take into account expected loss or first Euro loss, and timely payment of interests or ultimate payment of interests;
Kadar institucija v vlogi originatorja v tradicionalnem listinjenju ne izpolnjuje pogojev za prenos pomembnega deleža kreditnega tveganja iz člena 244, institucija v vlogi originatorja v svoj izračun kapitalske zahteve vključi osnovne izpostavljenosti listinjenja, kot da te pozicije ne bi bile listinjene.
seek to ensure that securitisation positions to which the same risk weight is applied on the basis of the credit assessments of ECAIs are subject to equivalent degrees of credit risk.
Kadar institucija v vlogi originatorja v sintetičnem listinjenju ne izpolnjuje pogojev za prenos pomembnega deleža kreditnega tveganja iz člena 245, institucija v vlogi originatorja v svoj izračun kapitalskih zahtev vključi osnovne izpostavljenosti listinjenja, kot da te pozicije ne bi bile listinjene, in zanemari učinek sintetičnega listinjenja za namene kreditnega zavarovanja.“;
The EBA shall submit those draft implementing technical standards to the Commission by 1 July 2014.
del 5 se črta in vsa sklicevanja na del 5 se berejo kot sklicevanja na poglavje 2 Uredbe (EU) 2017/2402;
Power is conferred on the Commission to adopt the implementing technical standards referred to in the first subparagraph of this paragraph in accordance with Article 15 of Regulation (EU) No 1093/2010.’.
v členu 457 se točka (c) nadomesti z naslednjim:
Article 337 is replaced by the following:
„kapitalskih zahtevah za listinjenje iz členov 242 do 270a;“;
‘Article 337
člen 462 se nadomesti z naslednjim:
Own funds requirement for securitisation instruments
„Člen 462
For instruments in the trading book that are securitisation positions, the institution shall weight the net positions as calculated in accordance with Article 327(1) with 8 % of the risk weight the institution would apply to the position in its non-trading book according to Section 3 of Chapter 5 of Title II.
Izvajanje prenosa pooblastila
When determining risk weights for the purposes of paragraph 1, estimates of PD and LGD may be determined based on estimates that are derived from an internal incremental default and migration risk model (IRC model) of an institution that has been granted permission to use an internal model for specific risk of debt instruments.
Pooblastilo za sprejemanje delegiranih aktov je preneseno na Komisijo pod pogoji, določenimi v tem členu.