natgillin/translations-raw huggingface dataset:
On the same topic, several interested parties claimed that bank acceptances should not be regarded as loans on the grounds that they do not grant longer payment terms to its beneficiaries and claimed that the manner in which domestic law characterizes a certain instruments is not dispositive of its characterization under WTO law.
Te trditve je bilo zato treba zavrniti.
In this regard, while the investigation confirmed that in case of this exporting producer all payments were made within the due dates of the invoices or bank acceptances, it is recalled that the bank acceptance system provided all exporting producers a service - at a preferential rate which conferred a countervailable benefit as described in the recitals (323) to (342) below - whereby the liabilities to the suppliers were considered to be paid and transferred to liabilities to the banks which promised to pay the suppliers by the maturity of the bank acceptances.
Izračun ugodnosti
As far as the payment terms are concerned, the evidence available to the Commission shows that, for several exporting producers, the use of bank acceptances indeed effectively extended the payment term of the related invoices and that no interests were accounted for such de facto loans.
Glede na dostopne informacije v EU ni sistema bančnih meničnih akceptov, kakršen je opisan v uvodnih izjavah od 304 do 308.
Therefore, even though bank acceptances may allegedly not be intended to extend payment terms, the evidence at hand demonstrated the contrary.
Vendar je po javno dostopnih informacijah taka oblika odloga plačila dostopna v Kanadi, kjer poslovni kreditojemalci bančne menične akcepte uporabljajo za izpolnjevanje zahtev glede kratkoročnega financiranja.
In any case, the Commission considered that the fact that interests are not paid on bank acceptances extending the payment term of the seller, is another indication that the Chinese banking sector is distorted and provides preferential lending to certain key industries.
V Kanadi bančne menične akcepte običajno uporabljajo družbe, ki nimajo najvišjih bonitetnih ocen.
On this basis, these claims had to be rejected.
Za pridobitev takih bančnih meničnih akceptov morajo kreditojemalci imeti kreditno linijo, iz katere bodo črpali.
Another interested party claimed that the basis for the calculation of the benefit should be reduced by the amount of the deposits that it made as a guarantee for the bank acceptances.
Za zagotovitev take garancije banke običajno zaračunajo opravnino za bančni menični akcept v višini ponujene obrestne mere za kanadski dolar (v nadaljnjem besedilu: CDOR) in opravnino za žigosanje v razponu od nekaj bazičnih točk (bp) do več kot 100 bp glede na kreditno sposobnost kreditojemalcev.
In this regard, it should first be noted that it is common practice for banks to request guarantees from their clients when granting credit line facilities or loans.
V normalnih tržnih razmerah bi se torej za bančne menične akcepte običajno zaračunavala tako imenovana opravnina za bančni menični akcept, bančni menični akcept pa je del kreditne linije, ker gre pri njem za neposredno in brezpogojno obveznost banke akceptantke.
Reference is also made to recital (323) below which provides that borrowers in Canada need to have a credit line facility in order to obtain bank acceptances.
V primeru kitajskih vzorčenih proizvajalcev izvoznikov je bil določen pavšalni znesek opravnine za bančni menični akcept v višini 0,05 % zneska bančnega meničnega akcepta ne glede na kreditno sposobnost posameznega vzorčenega proizvajalca izvoznika, kreditne linije, če so obstajale, pa so bile zagotovljene brezplačno.
On this basis, the rates charged on the Canadian market take into consideration the existence of such guarantees.
Po razkritju je en proizvajalec izvoznik trdil, da je Komisija dvojno štela nekatere popravke vknjižb ter v izračun zneska subvencije vključila vknjižbe, ki za izdajo bančnih meničnih akceptov niso pomembne.
Furthermore, it should be noted that such guarantees are not used by the banks to pay the outstanding debts to suppliers but as a method to secure that the exporting producer will bear its financial responsibility vis-à-vis the bank.
Vendar so izračuni temeljili na informacijah, ki jih je zagotovila družba in preverila Komisija, domnevnih napak pa ni bilo več mogoče preveriti.
The investigation also revealed that such guarantees are not systematically requested by Chinese banks and that they can take various forms including down payments or term deposits bearing interest.
Ta trditev je bila zato zavrnjena.
Furthermore, the Commission also noted that the fee paid on bank acceptances is calculated on the basis of the face value of the bank acceptances, not an amount reduced by the amount of the guarantee.
Več zainteresiranih strani je trdilo, da se bančni menični akcepti ne bi smeli šteti za posojilo, saj upravičencem ne dajejo daljših plačilnih rokov, in da način, na katerega domača zakonodaja članice opredeljuje kak instrument, ni odločilen za njegovo opredelitev po zakonodaji STO.
Another interested party claimed that no benefit for the bank acceptance fee should have been calculated as a guarantee for the financial service provided by the Chinese banks on the grounds that banks do not need to fund the notes at their issuance or at their maturity since such payments are funded by the exporting producer in question unless it would become insolvent.
Več zainteresiranih strani je trdilo, da so bančni menični akcepti, dostopni v LRK in Kanadi, različni instrumenti.
As a consequence, the banks would allegedly not run any financial risk as they only act as an intermediary.
V LRK se uporabljajo kot način plačevanja, v Kanadi pa jih poslovni kreditojemalci uporabljajo za izpolnjevanje zahtev glede kratkoročnega financiranja.
The same party also claimed that the terms of the contract provide for adequate financial guarantees for the banks.
Komisija se s to trditvijo ne strinja in meni, da so bančni menični akcepti v obeh državah rešitev za zahteve glede kratkoročnega financiranja.
In this regard, reference is made to recital (310) which confirms that financial institutions recognise bank acceptances as loans and to recital (304) which provides that banks which engage in bank acceptance agreements make an unconditional pledge that they will pay a certain amount on a given date.
Pravzaprav družbe z uporabo bančnih meničnih akceptov poskrbijo za preoblikovanje obveznosti do dobaviteljev v obveznosti do bank.
Furthermore, considering that bank acceptances may be discounted, banks should make sure that sufficient funds are available between the issuance and the maturity of the bank acceptance.
Poleg tega je preiskava pokazala, da so pri več proizvajalcih izvoznikih bančni menični akcepti podaljšali plačilne roke računov, na katere so se nanašali, ter tako izboljšali kratkoročno stanje gotovine vzorčenih proizvajalcev izvoznikov.
In this regard, it should also be noted that standard credit line facility contracts applicable in the PRC foresee that they can be used for various types of loans including bank acceptances thus confirming the need for the bank to have sufficient funds available.
Poleg tega so, kakor je opisano na 1. strani dokumenta osebja Banke Kanade za razpravo (Staff Discussion Paper of the Bank of Canada, v nadaljnjem besedilu: dokument Banke Kanade), med kitajskim in kanadskim bančnim meničnim akceptom še druge podobnosti; oba predvidevata, da bi moralo obstajati „neposredno in brezpogojno naročilo poslovnega kreditojemalca (stranke) za črpanje njegove vzpostavljene kreditne linije (ki se imenuje instrument bančnega meničnega akcepta) pri kanadski banki.
After analysis of the terms of the contracts between the financial institutions and the exporting producers, it was considered that they are inadequate in view of the involvement, unconditional obligations and the financial risk that financial institutions run when engaging in bank acceptance agreements.
Ko pride do črpanja, banka akceptantka (ali banka, ki izdaja posojila) jamči za glavnico in obresti z žigosanjem dokumenta ter tako postane v celoti odgovorna za plačilo ob zapadlosti, če plačila ne izvede zadevni poslovni kreditojemalec.“ Glede na podobnosti na obeh trgih je bilo treba to trditev zavrniti.
Consequently the above claim had to be rejected.
Druga zainteresirana stran je poleg tega trdila, da morajo kanadske banke v nasprotju s kitajskim sistemom zagotoviti sredstva na dan izdaje bančnega meničnega akcepta.
As far as specificity is concerned, it was considered that, as mentioned in recital (106) and foreseen by the Light Industry Development Plan, the GOC foresees ‘a financial policy that supports the development of medium and small sized enterprises, further explore the financial channels of medium and small sized enterprises, perfect the credit guarantee system of medium and small sized enterprises’, the bank acceptances are another form of preferential support to encouraged industries such as the electric bicycle sector.
Na podlagi tega je trdila, da provizija za jamstvo pokriva več obveznosti, stroškov in tveganj bank kot kitajski sistem.
Furthermore, such form of support did not take into account the financial situation of the sampled exporting producers as all banks charged a flat fee, which, based on the information on the file, is lower than available international benchmarks and even lower than the premium charged to companies with a poor credit rating such as the sampled exporting producers (see recital (324)).
V zvezi s tem je treba opozoriti, da dejstvo, da se sredstva zagotovijo, ni bistveno, saj tudi kitajski sistem določa, da mora banka zagotoviti sredstva, če želi imetnik bančnega meničnega akcepta bančni menični akcept diskontirati in imeti na razpolago sredstva.
Following disclosure, several interested parties repeated the claim made before disclosure that the bank acceptance note system is a generally available financing tool not limited to the electric bicycle industry.
Prenos obveznosti in morebitni prenos sredstev na imetnika bančnega meničnega koncepta tudi pojasnjujeta, zakaj banke bančni menični akcept izkazujejo kot posojila.
Several interested parties also claimed that the Commission had to substantiate its determination of specificity on the basis of positive evidence.
Kar zadeva obveznosti in tveganja, je Komisija menila, da so enakovredni, saj morajo banke imeti sredstva na voljo od dneva izdaje in brezpogojno jamčijo, da bodo pri neplačilu upnika plačale bančni menični akcept ob zapadlosti bančnega meničnega akcepta.
In this regard, reference is made to recitals (195) to (202) and also more specifically to recital (319) which provide positive evidence concerning the specificity aspects of such preferential policy whereby such financial instrument is not generally available in such terms and therefore specific to a limited number of industries such as the electric bicycle.
En proizvajalec izvoznik je trdil, da v skladu z dokumentom Banke Kanade zakon ne zahteva kreditnih linij za bančne menične akcepte na kanadskem trgu.
These claims had therefore to be rejected.
V zvezi s tem se najprej opozarja, da dokument Banke Kanade tega ne navaja.
Calculation of the benefit
Nasprotno, večkrat omenja obstoj vzpostavljene kreditne linije.
According to the information available, a bank acceptance system in the form as described in recitals (304) to (308) does not exist in the EU.
Na podlagi tega je bila ta trditev zavrnjena.
However, based on the information publicly available such form of credit is available in Canada where bank acceptances are used by corporate borrowers to meet their short-term funding requirements.
V skladu s členom 6(c) osnovne uredbe se tako dodeljena ugodnost za prejemnike obravnava kot razlika med zneskom, ki ga družba plača za zagotavljanje bančnih meničnih akceptov linij od kitajskih finančnih institucij, in zneskom, ki bi ga družba plačala za primerljiv bančni menični akcept, ki se lahko pridobi na kanadskem trgu, kot referenčno vrednostjo.
Bank acceptances in Canada are normally used by companies which do not enjoy the highest credit rating.
Komisija je za določitev ugodnosti primerjala opravnino za bančni menični akcept, ki jo je plačal zadevni vzorčeni proizvajalec izvoznik, s ponujeno obrestno mero za kanadski dolar CDOR, ki je priznan kanadski referenčni indeks za bančne menične akcepte z rokom dospelosti eno leto ali manj, prilagojeno z ustreznim pribitkom za upoštevanje kreditne sposobnosti kupcev (opravnina za žigosanje).
In order to obtain such bank acceptances, borrowers need to have a credit line facility on which they will draw.
Ker ni bilo informacij na ravni opravnine za žigosanje, je bil uporabljen enak pribitek pri posojilih v RMB (glej uvodno izjavo 284).
In order to offer such guarantee, banks normally charge a bank acceptance fee set at the level of the Canadian Dollar Offered Rate (‘CDOR’) and a stamping fee ranging from a few basis points (bps) to over 100 bps depending on the creditworthiness of the borrowers.
Poleg tega je bila z uporabo najvišjega zneska obveznosti po bančnem meničnem akceptu vsake banke v danem trenutku v OP kot podlage za izračun analogno stanju v Kanadi in v skladu s členom 6(d)(ii) ugodnost za kreditno linijo, ki bi morala biti vzpostavljena, tudi izračunana na podlagi referenčne vrednosti, navedene zgoraj v uvodni izjavi 299.
Under normal market circumstances, bank acceptances would thus normally be subject to a so-called bank acceptance fee and shall be part of a credit line because a bank acceptance is a direct and unconditional liability of the accepting bank.
V skladu s členom 6(b) osnovne uredbe je bila ugodnost pri tistih bančnih meničnih akceptih, pri katerih se je podaljšal rok plačila obveznosti do dobaviteljev, tudi izračunana v obliki dejanskega brezobrestnega kratkoročnega posojila zadevnim vzorčenim proizvajalcem izvoznikom.
In the case of the Chinese sampled exporting producers, the bank acceptance fee was set at a flat rate of 0,05 % of the bank acceptances amount regardless of the creditworthiness of each sampled exporting producer and, when existing, credit lines were provided free of charge.
Da ugotovi to ugodnost, je Komisija uporabila enako metodologijo, kakršna je opisana v uvodni izjavi 284 za posojila v RMB.
Following disclosure one exporting producer claimed that the Commission had double counted some adjustment entries and had included entries irrelevant to the issuance of bank acceptance notes in its calculation of the subsidy amount.
Po razkritju je ena zainteresirana stran trdila, da je Komisija pomotoma dvojno štela ugodnosti, ko je „bančni menični akcept – pogodbena opravnina za kreditno linijo“ in „bančni menični akcept – preferenčne obrestne mere“, ki bi jih bilo treba plačati za dejansko posojilo, prištela k ugodnosti, izračunani za opravnino za bančni menični akcept.
However, the calculations were based on information provided by the company and verified by the Commission and the alleged errors could not be verified anymore.
V zvezi s tem je treba opozoriti, da obravnavani dokazi glede tega proizvajalca izvoznika kažejo, da so bančni menični akcepti podaljšali plačilne roke računov, na katere so se nanašali.
This claim was therefore rejected.
Posledično so se šteli za dejansko posojilo.
Several interested party claimed that bank acceptances should not be regarded as loan on the grounds that they do not grant longer payment terms to its beneficiaries and claimed that the manner in which a Member's domestic law characterizes a certain instruments is not dispositive of its characterization under WTO law.
Na podlagi tega in kot je pojasnjeno v uvodni izjavi 335, je bila ugodnost prav tako izračunana v obliki dejanskega brezobrestnega kratkoročnega posojila.
Several interested parties claimed that the bank acceptances available in the PRC and in Canada are different instruments.
Poleg tega je, kot je pojasnjeno v uvodni izjavi 334, bila analogno stanju na kanadskem trgu in ne glede na obstoj dejanskega posojila izračunana ugodnost za kreditno linijo, ki bi morala biti vzpostavljena.
While they are used as a method of payment in the PRC, they are used by corporate borrowers to meet their short-term funding requirements in Canada.
Na podlagi zgoraj navedenega je bilo treba to trditev zavrniti.
The Commission disagrees with this statement and considers that bank acceptances are a solution to the short-term funding requirements in both countries.
Druga zainteresirana stran je trdila, da je izračun ugodnosti kreditne linije skupaj s provizijo za jamstvo pomenil dvojno štetje, saj bi bilo treba šteti, da provizija za jamstvo zadostno krije finančne stroške in tveganja, povezane z izdajo bančnega meničnega akcepta.
Indeed, through the use of bank acceptances, companies see their payables towards suppliers transformed into payables to banks.
Trdila je tudi, da je pri pisnem sporazumu o kreditni liniji neutemeljeno šteti, da bi banka za vzpostavitev take kreditne linije zaračunala provizijo.
Furthermore, the investigation revealed that, in the case of several exporting producers, the bank acceptances extended the payment terms of invoices to which they related, thus improving the short term cash position of the sampled exporting producers.
Prav tako je trdila, da bi morala referenčna vrednost za provizijo za jamstvo in opravnino za kreditno linijo izvirati iz istega vira.
Furthermore, as described on page 1 of the Staff Discussion Paper of the Bank of Canada (‘Bank of Canada document’), there are other likenesses between the Chinese and Canadian bank acceptances which both provide there should be ‘a direct and unconditional order from a corporate borrower (client) to draw down against its established line of credit (called a “BA facility”) at a Canadian bank.
V zvezi s tem se napotuje na uvodno izjavo 323, kjer je navedeno, da morajo imeti kreditojemalci kreditno linijo, iz katere bodo črpali.
Once the drawdown occurs, the accepting (or lending) bank guarantees the principal and interest by stamping the paper, thus becoming fully liable for the payment upon maturity in case of nonpayment by the underlying corporate borrower.’
Poleg tega je, kakor je navedeno v uvodni izjavi 318, treba opozoriti, da pogodbe o kreditni liniji več vzorčenih proizvajalcev izvoznikov predvidevajo, da je mogoče kreditno linijo uporabiti za različne vrste posojil, vključno z bančnimi meničnimi akcepti.
In view of the likenesses between both markets, this claim had to be rejected.
Dokument Banke Kanade prav tako predvideva, da se „pogodbene opravnine in zastopniške provizije uporabljajo tudi za primarne kreditne linije in kreditne linije za bančni menični akcept“.
Another interested party further claimed that, contrary to the Chinese system, Canadian banks need to provide the funds on the day when the bank acceptance is issued.
Analogno stanju na kanadskem trgu se je zdelo razumno, da se pogodbena opravnina za kreditno linijo vključi v izračun ugodnosti.
On this basis, it claimed that the guarantee fee covers more obligations, costs and risks for the banks than the Chinese system.
Kar zadeva vir referenčnih vrednosti, se napotuje na oddelek 3.3.1 in navaja dejstvo, da se je morala Komisija pri proučevanju obstoja in obsega domnevnega subvencioniranja prek preferenčnih posojil delno zanašati na razpoložljiva dejstva.
In this regard, it should be noted that the fact that the funds are made available is irrelevant as the Chinese system also provides that the funds need to be made available by the bank, should the holder of the bank acceptance note wish to discount it and have the funds available.
Vsekakor se šteje, da so uporabljene informacije razumne in da odražajo standardne tržne razmere.
The transfer of liability and potential transfer of funds to the holder of the bank acceptance also explain why banks recognize bank acceptances as loans.
Ena zainteresirana stran je trdila, da Komisija ni dokazala „manj ugodnih pogojev“ drugih kitajskih poslovnih bank, da ni obrazložila, zakaj bi bila zunanja referenčna vrednost primerna, in da ni izvedla potrebnih prilagoditev, da bi zagotovila primerljivost.
As far as obligations and risks are concerned, the Commission considered that these are equivalent as the banks need to have the funds available from the day of issuance, they have an unconditional pledge to pay the bank acceptance at the maturity of the bank acceptance in the case of default by the creditor.
V zvezi s tem je treba opozoriti, kot je pojasnjeno v oddelku 3.3.1, da je kitajska vlada sodelovala samo delno, kar zadeva preferenčna posojila, in da se je morala Komisija pri proučevanju obstoja in obsega domnevnega subvencioniranja prek preferenčnih posojil delno zanašati na razpoložljiva dejstva.
One exporting producer claimed that following the Bank of Canada document, credit lines are not a legal requirement for bank acceptances on the Canadian market.
Zaradi takega delnega sodelovanja so Komisiji manjkale ustrezne bistvene informacije in je morala svoje ugotovitve utemeljiti na razpoložljivih dejstvih.
In this regard, it is first noted that, the Bank of Canada document does not contain such a statement.
Na podlagi tega je Komisija ugotovila, da je kitajski finančni trg izkrivljen, saj država finančnim institucijam v državni lasti in zasebnim finančnim institucijam zaupa ali ukazuje, naj izvajajo vladne politike in industriji električnih koles zagotavljajo posojila po preferenčnih obrestnih merah, kot je bilo zaključeno v uvodnih izjavah 217 in 222.
On the contrary, it refers in several instances to the existence of an established credit line facility.
To trditev je bilo zato treba zavrniti.
On this basis, this claim was rejected.
Ena zainteresirana stran je trdila tudi, da CDOR glede na njen finančni položaj ni ustrezna referenčna vrednost.
In accordance with Article 6(c) of the basic Regulation, the benefit thus conferred on the recipients is considered to be the difference between the amount that the company pays for the provision of bank acceptances by Chinese financial institutions and the amount that the company would pay for a comparable bank acceptances obtainable on the Canadian market as benchmark.
V zvezi s tem se napotuje na bonitetne ocene za vzorčene proizvajalce izvoznike v oddelku 3.5.4.1.
In order to determine the benefit, the Commission compared the bank acceptance fee paid by the sampled exporting producer concerned with the CDOR -which is the recognized Canadian benchmark index for bank acceptances with a term to maturity of one year or less- adjusted with the appropriate mark-up to take account of the creditworthiness of the buyers (stamping fee).
Na podlagi teh ocen se je štelo, da bi morali imeti vsi vzorčeni proizvajalci izvozniki bonitetno oceno BB.
In the absence of information on the level of the stamping fee, the same mark-up as the one used for loans denominated in RMB (see recital (284)) was used.
Ena zainteresirana stran je predložila dodatne nepreverjene dokumente in trdila, da je bila ugodnost napačno izračunana, saj bi bilo treba nekatere sporazume šteti za podaljšanje sporazumov, in ne za ločene sporazume.
Additionally, with an analogy to the situation in Canada and in accordance with Article 6 (d)(ii), a benefit for the credit line facility that should have been in place was also calculated on the basis of the benchmark mentioned above in the recital (299) using the highest amount of bank acceptance liabilities from each individual bank at a given moment in the IP as a basis for the calculation.
Trdila je tudi, da če bi bili administrativni stroški zaračunani, bi bili plačani pred OP.
In accordance with Article 6(b) of the basic Regulation, for those bank acceptances that extended the payment term of the liabilities to the suppliers, a benefit was also calculated in the form of a de facto interest free short term loan to the sampled exporting producers concerned.
Poleg tega je trdila, da Komisija ni upoštevala zadnje različice datoteke (s popravljenim stolpcem).
In order to determine this benefit, the Commission used the same methodology as that described in recital (284) for loans denominated in RMB.
Kar zadeva prvo trditev, obravnavni preverjeni dokazi ne potrjujejo, da je šlo pri takem sporazumu za podaljšanje.