natgillin/translations-raw huggingface dataset:
The certificates are issued and held in book-entry form in securities depositories in the euro area .
Certifikati se izdajo in hranijo v nematerializirani obliki pri registrih vrednostnih papirjev v evro območju .
The ECB does not impose any restrictions on the transferability of the certificates .
ECB ne postavlja nikakršnih omejitev glede prenosljivosti certifikatov .
Further provisions related to ECB debt certificates will be contained in the terms and conditions for such certificates .
Ostale določbe vzvezi z dolžniškimi certifikati ECB bodo vsebovane v pogojih za takšne certifikate .
( c ) I n t e r e s t t e r m s The certificates are issued at a discount , i.e. they are issued at below the nominal amount and are redeemed at maturity at the nominal amount .
( c ) I z r a č u n o b r e s t i Certifikati se izdajo z diskontom , tj . izdajo se v znesku , ki je manjši od nominalnega zneska , izplačajo pa se v nominalnem znesku .
The difference between the issue amount and the redemption amount equals the interest accrued on the issue amount , at the agreed interest rate , over the maturity of the certificate .
Razlika med zneskom izdaje in zneskom izplačila je enaka obračunanim obrestim na znesek izdaje po dogovorjeni obrestni meri za obdobje do dospelosti certifikata .
The interest rate applied is a simple interest rate based on the day-count convention « actual / 360 » .
Uporabljena obrestna mera je linearna obrestna mera , pri čemer se za štetje dni uporablja konvencija ‚dejansko število dni / 360 dni v letu » .
The calculation of the issue amount is shown in Box 1 .
Izračun zneska izdaje je prikazan v okvirju 1 .
BOX 1 Issuance of ECB debt certificates The issue amount is : PT = N × 1 1 + r1 × D 36 000
OKVIR 1 Izdaja dolžniških certifikatov ECB Znesek izdaje znaša : PT = N × 1 1 + r1 × D 36 000
where : N = nominal amount of the debt certificate rI = interest rate ( as a %) D = maturity of the debt certificate ( in days ) PT = issue amount of the debt certificate
kjer je : N = nominalni znesek dolžniškega certifikata rI = obrestna mera ( kot odstotek ) D = rok dospelosti dolžniškega certifikata ( v dnevih ) PT = znesek izdaje dolžniškega certifikata
( d ) O t h e r o p e r a t i o n a l f e a t u r e s The operational features of the issuance of ECB debt certificates can be summarised as follows : --- the certificates are issued in order to absorb liquidity from the market ;
( d ) D r u g e o p e r a t i v n e z n a č i l n o s t i Operativne značilnosti dolžniških certifikatov ECB se lahko povzamejo , kakor sledi : --- certifikati se izdajo za zmanjšanje likvidnosti na trgu ;
--- the certificates can be issued on a regular or non-regular basis ;
--- certifikati se lahko izdajajo redno ali občasno ;
Official Journal of the European Union --- the certificates have a maturity of less than 12 months ;
Uradni list Evropske unije --- certifikati imajo rok dospelosti krajši od 12 mesecev ;
--- the certificates are issued through standard tenders ( as specified in Section 5.1 ) ;
--- certifikati se izdajo na podlagi standardnih avkcij ( kakor je določeno v oddelku 5.1 ) ;
--- the certificates are tendered and settled in a decentralised manner by the national central banks ; and --- all counterparties fulfilling the general eligibility criteria ( as specified in Section 2.1 ) may submit bids for the subscription of ECB debt certificates .
--- avkcije certifikatov in poravnave certifikatov se opravljajo decentralizirano s strani posameznih nacionalnih centralnih bank in --- vse nasprotne stranke , ki izpolnjujejo splošna merila primernosti ( kakor je določeno v oddelku 2.1 ) , lahko predložijo protiponudbe za vpis dolžniških certifikatov ECB .
Foreign exchange swaps ( a ) T y p e o f i n s t r u m e n t Foreign exchange swaps executed for monetary policy purposes consist of simultaneous spot and forward transactions in euro against a foreign currency .
Valutne zamenjave ( a ) V r s t a i n s t r u m e n t a Valutne zamenjave , ki se izvajajo za namene monetarne politike , sestavljata istočasni promptni in terminski nakup ali prodaja evra za tujo valuto .
They are used for fine-tuning purposes , mainly with the aim of managing the liquidity situation in the market and steering interest rates .
Uporabljajo se za namene finega uravnavanja , zlasti s ciljem uravnavanja likvidnosti na trgu in uravnavanja obrestnih mer .
( b ) L e g a l n a t u r e Foreign exchange swaps executed for monetary policy purposes refer to operations where the Eurosystem buys ( or sells ) euro spot against a foreign currency and , at the same time , sells ( or buys ) it back in a forward transaction at a specified repurchase date .
( b ) P r a v n a n a r a v a Valutne zamenjave , ki se izvajajo za namene monetarne politike , so operacije , pri katerih Evrosistem promptno kupuje ( ali prodaja ) evro za tujo valuto in istočasno terminsko prodaja ( ali kupuje ) evro za tujo valuto .
Further provisions for foreign exchange swaps are specified in the contractual arrangement applied by the respective national central bank ( or the ECB ) .
Ostale določbe za valutne zamenjave so določene v pogodbenih ureditvah , ki jih uporablja zadevna nacionalna centralna banka ( ali ECB ) .
( c ) C u r r e n c y a n d e x c h a n g e r a t e t e r m s As a rule , the Eurosystem operates only in widely traded currencies and in accordance with standard market practice .
( c ) V a l u t e i n d e v i z n i t e č a j i Evrosistem praviloma sklepa posle samo v valutah , s katerimi se veliko trguje , in v skladu z običajno tržno prakso .
In each foreign exchange swap operation , the Eurosystem and the counterparties agree on the swap points for the transaction .
V vsaki operaciji valutne zamenjave se Evrosistem in nasprotne stranke dogovorijo o swap točkah transakcije .
The swap points are the difference between the exchange rate of the forward transaction and the exchange rate of the spot transaction .
Swap točke so razlika med deviznim tečajem terminskega posla in deviznim tečajem promptnega posla .
The swap points of the euro vis-à-vis the foreign currency are quoted according to general market conventions .
Swap točke za evro nasproti tuji valuti kotirajo v skladu s splošnimi tržnimi običaji .
The exchange rate terms of foreign exchange swaps are specified in Box 2 .
Zveza med promptnim in formalnim tečajem obeh valut je predstavljena v okvirju 2 .
BOX 2 Foreign exchange swaps S = spot ( on the transaction date of the foreign exchange swap ) of the exchange rate between the euro ( EUR ) and a foreign currency ABC x × ABC 1 × EUR
OKVIR 2 Začasni nakupi / prodaje deviz S = promptni ( na dan sklenitve valutne zamenjave ) devizni tečaj med evrom ( EUR ) in tujo valuto ABC x × ABC 1 × EUR
FM = forward exchange rate between the euro and a foreign currency ABC on the repurchase date of the swap ( M ) y × ABC 1 × EUR
FM = terminski devizni tečaj med evrom in tujo valuto ABC na datum ponovnega nakupa pri valutni zamenjavi ( M ) y × ABC 1 × EUR
ΔM = forward points between the euro and ABC on the repurchase date of the swap ( M ) Δ M = FM À S N (.
ΔM = terminske točke med evrom in tujo valuto ABC na datum ponovnega nakupa pri valutni zamenjavi ( M ) Δ M = FM À S N (.
) = spot amount of currency ;
) = promptni znesek valute ;
) M is the forward amount of currency : NðABCÞ = NðEURÞ × S or NðEURÞ = NðABCÞ S NðABCÞM FM
) M je terminski znesek tuje valute : NðABCÞ = NðEURÞ × S ali NðEURÞ = NðABCÞ S NðABCÞM FM
NðABCÞM = NðEURÞM × FM or NðEURÞM =
NðABCÞM = NðEURÞM × FM ali NðEURÞM =
( d ) O t h e r o p e r a t i o n a l f e a t u r e s The operational features of foreign exchange swaps can be summarised as follows : --- they can take the form of liquidity-providing or liquidity-absorbing operations ;
( d ) D r u g e o p e r a t i v n e z n a č i l n o s t i Operativne značilnosti valutnih zamenjav se lahko povzamejo , kakor sledi : --- lahko so v obliki operacije povečevanja likvidnosti ali zmanjševanja likvidnosti ;
--- they are executed through quick tenders or bilateral procedures ( see Chapter 5 ) ;
--- izvajajo se na podlagi hitrih avkcij ali dvostranskih postopkov ( glej poglavje 5 ) ;
--- they are normally executed in a decentralised manner by the national central banks ( the Governing Council of the ECB can decide whether , under exceptional circumstances , bilateral foreign exchange swaps may be executed by the ECB ) ; and --- the Eurosystem may select , according to the criteria specified in Section 2.2 and Annex 3 , a limited number of counterparties to participate in foreign exchange swaps .
--- običajno se izvajajo decentralizirano s strani nacionalnih centralnih bank ( Svet ECB lahko odloči , ali v izrednih okoliščinah valutne zamenjave v obliki dvostranskih postopkov lahko izvaja ECB ) in --- Evrosistem lahko v skladu z merili , določenimi v oddelku 2.2 in Prilogi 3 , izbere omejeno število nasprotnih strank za sodelovanje v valutnih zamenjavah .
3.5 . Collection of fixed-term deposits ( a ) T y p e o f i n s t r u m e n t The Eurosystem may invite counterparties to place remunerated fixed-term deposits with the national central bank in the Member State in which the counterparty is established .
3.5 Zbiranje vezanih depozitov ( a ) V r s t a i n s t r u m e n t a Nasprotna stranka lahko na pobudo Evrosistema sklene obrestovane vezane depozite pri nacionalni centralni banki v državi članici , v kateri je nasprotna stranka ustanovljena .
The collection of fixed-term deposits is envisaged only for fine-tuning purposes in order to absorb liquidity in the market .
Zbiranje vezanih depozitov je predvideno samo za fino uravnavanje , z namenom zmanjšanja likvidnosti na trgu .
( b ) L e g a l n a t u r e The deposits accepted from counterparties are for a fixed term and with a fixed rate of interest .
( b ) P r a v n a n a r a v a Depoziti nasprotnih strank so plasirani za določen rok in s fiksno obrestno mero .
No collateral is given by the national central banks in exchange for the deposits .
Nacionalne centralne banke ne dajejo zavarovanja v zameno za depozite .
( c ) I n t e r e s t t e r m s The interest rate applied to the deposit is a simple interest rate based on the day-count convention « actual / 360 » .
( c ) I z r a č u n o b r e s t i Obrestna mera , ki velja za depozite , je linearna obrestna mera , pri čemer se za štetje dni uporablja konvencija ‚dejansko število dni / 360 dni v letu » .
Interest is paid at maturity of the deposit .
Obresti se izplačajo ob dospelosti depozita .
( d ) O t h e r o p e r a t i o n a l f e a t u r e s The operational features of the collection of fixed-term deposits can be summarised as follows : --- the deposits are collected in order to absorb liquidity ;
( d ) D r u g e o p e r a t i v n e z n a č i l n o s t i Operativne značilnosti zbiranja vezanih depozitov se lahko povzamejo , kakor sledi : --- depoziti se zbirajo z namenom zmanjšanja likvidnosti ;
--- the frequency with which deposits are collected is not standardised ;
--- pogostost zbiranja depozitov ni standardizirana ;
--- the maturity of the deposits is not standardised ;
--- rok dospelosti depozitov ni standardiziran ;
--- the collection of deposits is normally executed through quick tenders , although the possibility of using bilateral procedures is not excluded ( see Chapter 5 ) ;
--- zbiranje depozitov se običajno izvajajo na podlagi hitrih avkcij , čeprav možnost uporabe dvostranskih postopkov ni izključena ( glej poglavje 5 ) ;
--- the collection of deposits is normally executed in a decentralised manner by the national central banks ( the Governing Council of the ECB can decide whether , under exceptional circumstances , the bilateral collection of fixed-term deposits ( 17 ) may be executed by the ECB ) ; and --- the Eurosystem may select , according to the criteria specified in Section 2.2 , a limited number of counterparties for the collection of fixed-term deposits .
--- zbiranje depozitov se običajno izvaja decentralizirano s strani nacionalnih centralnih bank ( Svet ECB lahko odloči , ali v izrednih okoliščinah zbiranje vezanih depozitov v obliki dvostranskih postopkov ( 17 ) lahko izvede ECB ) , in --- Evrosistem lahko v skladu z merili , določenimi v oddelku 2.2 , izbere omejeno število nasprotnih strank za zbiranje vezanih depozitov .
( 17 ) Fixed-term deposits are held on accounts with the national central banks ;
( 17 ) Vezani depoziti se vodijo na računih pri nacionalnih centralnih bankah ;
this would be the case even if such operations were to be executed in a centralised manner by the ECB .
to bi veljalo tudi v primeru , ko bi ECB operacije izvajala centralizirano .
The marginal lending facility
Odprta ponudba mejnega posojanja
( a ) T y p e o f i n s t r u m e n t
( a ) V r s t a i n s t r u m e n t a
Counterparties may use the marginal lending facility to obtain overnight liquidity from national central banks at a pre-specified interest rate against eligible assets ( as set out in Chapter 6 ) .
Nasprotne stranke lahko uporabijo odprto ponudbo mejnega posojanja , da pridobijo likvidnost čez noč od nacionalnih centralnih bank po vnaprej določeni obrestni meri na podlagi ustreznega finančnega premoženja za zavarovanje terjatev ( kakor je določeno v poglavju 6 ) .
The facility is intended to satisfy counterparties » temporary liquidity needs .
Namen instrumenta je zadovoljiti začasne likvidnostne potrebe nasprotnih strank .
Under normal circumstances , the interest rate on the facility provides a ceiling for the overnight market interest rate .
V normalnih okoliščinah obrestna mera za mejno posojanje predstavlja zgornjo mejo obrestne mere na trgu čez noč .
The terms and conditions of the facility are identical throughout the euro area .
Pogoji za to operacijo so enaki v celotnem evro območju .
( b ) L e g a l n a t u r e
( b ) P r a v n a n a r a v a
The national central banks may provide liquidity under the marginal lending facility either in the form of overnight repurchase agreements ( i.e. the ownership of the asset is transferred to the creditor , while the parties agree to reverse the transaction through a re-transfer of the asset to the debtor on the next business day ) or as overnight collateralised loans ( i.e. an enforceable security interest is provided over the assets but , assuming fulfilment of the debt obligation , ownership of the asset is retained by the debtor ) .
Nacionalne centralne banke lahko ponudijo odprto ponudbo mejnega posojanja bodisi v obliki pogodb o povratnem nakupu čez noč ( tj . lastništvo nad finančnim premoženjem se prenese na upnika , istočasno pa stranki skleneta povratno transakcijo vračila lastništva finančnega premoženja nazaj na dolžnika z naslednjim delovnim dnem ) ali z zavarovanimi posojili čez noč ( tj .
Further provisions for repurchase agreements are specified in the contractual arrangements applied by the respective national central bank .
upnik dobi izvršljivo pravico unovčenja finančnega premoženja , ki je bilo dano kot zavarovanje terjatve , vendar ob predpostavljeni izpolnitvi dolžnikove obveznosti lastništvo nad finančnim premoženjem obdrži dolžnik ) . Ostale določbe za repo pogodbe so določene v pogodbenih ureditvah , ki jih uporablja zadevna nacionalna centralna banka .
Arrangements for providing the liquidity in the form of collateralised loans take account of the different procedures and formalities required to enable the establishment and subsequent realisation of a relevant interest in the collateral ( a pledge ) which apply in different jurisdictions .
Ureditve za zagotavljanje likvidnosti v obliki zavarovanih posojil upoštevajo posebne postopke in formalnosti , ki so v posameznih pravnih sistemih potrebni za vzpostavitev in poznejše aktiviranje osnovnega zavarovanja ( npr . zastave ) .
( c ) A c c e s s c o n d i t i o n s
( c ) P o g o j i d o s t o p a
Institutions fulfilling the general counterparty eligibility criteria specified in Section 2.1 may access the marginal lending facility .
Do odprte ponudbe mejnega posojanja lahko dostopijo institucije , ki izpolnjujejo splošna merila primernosti za nasprotne stranke , določena v oddelku 2.1 .
Access to the marginal lending facility is granted through the national central bank in the Member State in which the institution is established .
Dostop do mejnega posojanja je mogoč preko nacionalne centralne banke v državi članici , v kateri je institucija ustanovljena .
Access to the marginal lending facility is granted only on days when the relevant national real-time gross settlement ( RTGS ) system and the relevant SSS ( s ) are operational .
Dostop do odprte ponudbe mejnega posojanjaje mogoč samo na dneve , ko so zadevni nacionalni sistem bruto poravnave v realnem času ( BPRČ ) in zadevni sistemi SSS odprti za poslovanje .
At the end of each business day , counterparties » intraday debit positions on their settlement account with the national central banks are automatically considered to be a request for recourse to the marginal lending facility .
Morebitno debetno stanje na poravnalnem računu nasprotne stranke pri nacionalni centralni banki ob koncu vsakega delovnega dne se avtomatsko šteje kot zahtevek za dostop do mejnega posojanja .
The procedures for end-of-day access to the marginal lending facility are specified in Section 5.3.3 .
Postopki dostopa do mejnega posojanja ob koncu dneva so določeni v oddelku 5.3.3 .
A counterparty may also be granted access to the marginal lending facility by sending a request to the national central bank in the Member State in which the counterparty is established .
Nasprotna stranka lahko dobi dostop do odprte ponudbe mejnega posojanja tudi tako , da pošlje zahtevek nacionalni centralni banki države članice , v kateri je ustanovljena .
For the national central bank to process the request on the same day , the request must be received by the national central bank at the latest 30 minutes after the actual closing time of TARGET ( 18 ) , ( 19 ) .
Da bi nacionalna centralna banka lahko obravnavala zahtevek še isti dan , mora zahtevek prejeti najpozneje 30 minut po dejanskem času zaprtja sistema TARGET ( 18 ) , ( 19 ) za poslovanje .
As a general rule , the closing time for the TARGET system is 6 p.m. ECB time ( C.E.T. ) .
Splošno pravilo je , da je čas zaprtja sistema TARGET za poslovanje 18.00 ura po času ECB ( srednjeevropski čas ) .
The deadline for requesting access to the marginal lending facility is postponed by an additional 30 minutes on the last Eurosystem business day of a reserve maintenance period .
Skrajni rok za zahtevek za dostop do odprte ponudbe mejnega posojanja se na zadnji delovni dan Evrosistema v obdobju izpolnjevanja obveznih rezerv podaljša za dodatnih 30 minut .
In the request , the amount of credit must be stated and , if underlying assets for the transaction have not already been pre-deposited with the national central bank , the underlying assets to be delivered for the transaction must be specified .
V zahtevku se mora navesti znesek posojila in , če finančno premoženje za zavarovanje terjatev za transakcijo ni bilo vnaprej deponirano pri nacionalni centralni banki , finančno premoženje za zavarovanje terjatev mejnega posojanja .
Apart from the requirement to present sufficient underlying eligible assets , there is no limit to the amount of funds that can be advanced under the marginal lending facility .
Razen zahteve po predložitvi zadostnega ustreznega finančnega premoženja za zavarovanje terjatve ni omejitve glede denarnega zneska , ki se lahko odobri v okviru odprte ponudbe mejnega posojanja .
( 18 ) In some Member States , the national central bank ( or some of its branches ) may not be open for the purpose of conducting monetary policy operations on certain Eurosystem business days owing to national or regional bank holidays .
( 18 ) V nekaterih državah članicah nacionalne centralne banke ( ali nekatere njihove podružnice ) na določene delovne dneve Evrosistema ne izvajajo operacij monetarne politike zaradi nacionalnih ali regionalnih praznikov .
In such cases , the relevant national central bank is responsible for informing the counterparties in advance of the arrangements to be made for access to the marginal lending facility in relation to the bank holiday .
V teh primerih je zadevna nacionalna centralna banka odgovorna za vnaprejšnje obveščanje nasprotnih strank o ureditvi dostopa do odprte ponudbe mejnega posojanja na zadevni praznični dan .
( 19 ) TARGET closing days are announced on the ECB 's website ( www.ecb.int ) , as well as on the Eurosystem websites ( see Annex 5 ) .
( 19 ) Dnevi , ko je sistem TARGET zaprt , so objavljeni na spletni strani ECB ( www.ecb.int ) , kakor tudi na spletni strani Evrosistema ( glej Prilogo 5 ) .
( d ) M a t u r i t y a n d i n t e r e s t t e r m s The maturity of credit extended under the facility is overnight .
( d ) R o k d o s p e l o s t i i n i z r a č u n o b r e s t i Rok dospelosti posojila , odobrenega na podlagi odprte ponudbe mejnega posojanja , je čez noč .
For counterparties participating directly in TARGET , the credit is repaid on the next day on which the relevant national RTGS system and the relevant SSS ( s ) are operational , at the time at which those systems open .
Nasprotne stranke , ki so neposredno udeležene v sistemu TARGET , posojilo odplačajo naslednji dan , ko so zadevni nacionalni sistem BPRČ in zadevni sistemi SSS operativni , in sicer v trenutku , ko se odprejo za poslovanje .
The interest rate is announced in advance by the Eurosystem and is calculated as a simple interest rate based on the day-count convention « actual / 360 » .
Obrestno mero objavi Evrosistem vnaprej in se izračuna kot linearna obrestna mera , pri čemer se za štetje dni uporablja konvencija ‚dejansko število dni / 360 dni v letu » .
The ECB may change the interest rate at any time , effective , at the earliest , from the following Eurosystem business day ( 20 ) .
ECB lahko kadarkoli spremeni obrestno mero , z veljavnostjo najprej naslednji delovni dan Evrosistema ( 20 ) .
Interest under the facility is payable with the repayment of the credit .
Obresti posojila se plačujejo skupaj z odplačilom posojila .
( e ) S u s p e n s i o n o f t h e f a c i l i t y Access to the facility is granted only in accordance with the objectives and general monetary policy considerations of the ECB .
( e ) U k i n i t e v o d p r t e p o n u d b e Dostop do odprte ponudbe deponiranja likvidnosti čez noč se odobri samo v skladu s cilji in splošnimi usmeritvami monetarne politike ECB .
The ECB may adapt the conditions of the facility or suspend it at any time 4.2 .
ECB lahko kadar koli prilagodi pogoje instrumenta ali ga ukine .
The deposit facility ( a ) T y p e o f i n s t r u m e n t Counterparties can use the deposit facility to make overnight deposits with national central banks .
4.2 Odprta ponudba deponiranja likvidnosti čez noč ( a ) V r s t a i n s t r u m e n t a Nasprotne stranke lahko uporabijo odprto ponudbo deponiranja likvidnosti čez noč za sklenitev depozitov čez noč pri nacionalnih centralnih bankah .
The deposits are remunerated at a pre-specified interest rate .
Depoziti se obrestujejo po vnaprej določeni obrestni meri .
Under normal circumstances , the interest rate on the facility provides a floor for the overnight market interest rate .
V normalnih okoliščinah obrestna mera za odprto ponudbo deponiranja likvidnosti čez noč predstavlja spodnjo mejo obrestne mere na trgu čez noč .
The terms and conditions of the deposit facility are identical throughout the euro area ( 21 ) .
Pogoji za možnost deponiranja likvidnosti čez noč so enaki v celotnem evro območju ( 21 ) .
( b ) L e g a l n a t u r e The overnight deposits accepted from counterparties are remunerated at a fixed rate of interest .
( b ) P r a v n a n a r a v a Depoziti čez noč , sprejeti od nasprotnih strank , se obrestujejo po fiksni obrestni meri .
No collateral is given to the counterparty in exchange for the deposits .
V zameno za depozite se nasprotnim strankam ne daje zavarovanja .
( c ) A c c e s s c o n d i t i o n s ( 22 ) Institutions fulfilling the general counterparty eligibility criteria specified in Section 2.1 may access the deposit facility .
( c ) P o g o j i d o s t o p a ( 22 ) Do odprte ponudbe deponiranja likvidnosti čez noč lahko dostopijo institucije , ki izpolnjujejo splošna merila primernosti za nasprotne stranke , določena v oddelku 2.1 .