natgillin/translations-raw huggingface dataset:
-* 3.2 OUTRIGHT TRANSACTIONS TYPE OF INSTRUMENT Outright open market transactions refer to operations where the Eurosystem buys or sells eligible assets outright on the market .
3.2 DOKONČNE TRANSAKCIJE VRSTA INSTRUMENTA Dokončne transakcije odprtega trga so operacije , pri katerih Eurosistem na trgu dokončno kupuje ali prodaja primerno finančno premoženje za zavarovanje terjatev .
Such operations are executed only for structural purposes .
Takšne operacije se izvajajo samo za strukturne namene .
LEGAL NATURE An outright transaction implies a full transfer of ownership from the seller to the buyer with no connected reverse transfer of ownership .
PRAVNA NARAVA Dokončna transakcija je popoln prenos lastništva s prodajalca na kupca , ne da bi bil pri tem predviden poznejši prenos lastništva nazaj na prodajalca .
PRICE TERMS In the calculation of prices , the Eurosystem acts in accordance with the most widely accepted market convention for the debt instruments used in the transaction .
DOLOČITEV CENE Pri izračunu cen Eurosistem deluje v skladu s tržnimi običaji , ki se najbolj pogosto uporabljajo za dolžniški instrument , uporabljen v transakciji .
OTHER OPERATIONAL FEATURES The operational features of Eurosystem outright transactions can be summarised as follows : -* they can take the form of liquidity-providing ( outright purchase ) or liquidity-absorbing ( outright sale ) operations ;
DRUGE OPERATIVNE ZNAČILNOSTI Operativne značilnosti dokončnih transakcij Eurosistema so naslednje : -* lahko so v obliki operacije povečevanja likvidnosti ( dokončni nakup ) ali umikanja likvidnosti ( dokončna prodaja ) ;
3.1.5 STRUCTURAL REVERSE OPERATIONS The Eurosystem may execute structural operations in the form of reverse open market transactions aimed at adjusting the structural position of the Eurosystem vis-à-vis the financial sector .
3.1.5 POVRATNE STRUKTURNE OPERACIJE Eurosistem lahko izvaja strukturne operacije v obliki povratnih transakcij odprtega trga z namenom , da prilagodi strukturno pozicijo Eurosistema do finančnega sektorja .
The operational features of these operations can be summarised as follows : -* -* -* they are liquidity-providing operations ;
Operativne značilnosti teh operacij so naslednje : -* -* -* -* so operacije povečevanja likvidnosti ;
their maturity is not standardised a priori ;
zapadlost operacij ni vnaprej standardizirana ;
CHAPTER 3 -* they are executed through bilateral procedures ( as specified in Section 5.2 ) ; they are normally executed in a decentralised manner by the national central banks ;
POGLAVJE 3 -* pri dokončnih transakcijah ni vnaprejšnjih omejitev glede kroga nasprotnih strank ;
no restrictions are placed a priori on the range of counterparties to outright transactions ; and only marketable assets ( as specified in Chapter 6 ) are used as underlying assets in outright transactions .
pri dokončnih transakcijah je predmet nakupa ali prodaje samo tržno finančno premoženje ( kakor je določeno v poglavju 6 ) .
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 . The interest rate applied is a simple interest rate based on the day-count convention « actual / 360 » .
čemer se za štetje dni uporablja konvencija „dejansko število dni / 360 dni v letu » .
OTHER OPERATIONAL FEATURES 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 ;
DRUGE OPERATIVNE ZNAČILNOSTI Operativne značilnosti dolžniških certifikatov ECB so naslednje : -* -* -* certifikati se izdajo za umik likvidnosti na trgu ;
the certificates have a maturity of less than 12 months ;
certifikati imajo zapadlost krajšo od 12 mesecev ;
the certificates are tendered and settled in a decentralised manner by the national central banks ;
avkcije certifikatov in poravnave certifikatov se opravljajo decentralizirano s strani nacionalnih centralnih bank ;
and all counterparties fulfilling the general eligibility criteria ( as specified in Section 2.1 ) may submit bids for the subscription of ECB debt certificates .
vse nasprotne stranke , ki izpolnjujejo splošna merila primernosti ( kakor je določeno v poglavju 2.1 ) , lahko predložijo protiponudbe za vpis dolžniških certifikatov ECB .
Open market operations -*
Operacije odprtega trga
-* 3.3 ISSUANCE OF ECB DEBT CERTIFICATES TYPE OF INSTRUMENT The ECB may issue debt certificates with the aim of adjusting the structural position of the Eurosystem vis-à-vis the financial sector so as to create ( or enlarge ) a liquidity shortage in the market .
3.3 IZDAJA DOLŽNIŠKIH CERTIFIKATOV ECB VRSTA INSTRUMENTA ECB lahko izda dolžniške certifikate s ciljem prilagajanja strukturne pozicije Eurosistema do finančnega sektorja , da bi se ustvaril ( ali povečal ) likvidnostni primanjkljaj na trgu .
LEGAL NATURE The certificates constitute a debt obligation of the ECB vis-à-vis the holder of the certificate .
PRAVNA NARAVA Certifikati ECB predstavljajo dolg ECB do imetnika tega instrumenta .
Further provisions related to ECB debt certificates will be contained in the terms and conditions for such certificates .
Ostale določbe v zvezi z dolžniškimi certifikati ECB bodo vsebovane v pogojih za takšne certifikate . IZRAČUN OBRESTI Certifikati se izdajo z diskontom , tj .
INTEREST TERMS The certificates are issued at a discount , i.e. they are issued at below the nominal amount Box 1 -*
Razlika med zneskom izdaje in zneskom izplačila je enaka obračunanim obrestim na znesek izdaje po dogovorjeni obrestni meri za obdobje do zapadlosti certifikata . Uporabljena obrestna mera je linearna obrestna mera , pri Okvir 1
ISSUANCE OF ECB DEBT CERTIFICATES The issue amount is : where : N rI D PT = = = = nominal amount of the debt certificate interest rate ( in %) maturity of the debt certificate ( in days ) issue amount of the debt certificate ECB The implementation of monetary policy in the euro area November 2008 PT = N ×
IZDAJA DOLŽNIŠKIH CERTIFIKATOV ECB Znesek izdaje znaša : kjer je : N rI D PT = = = = PT = N × 1 rI × D 1 + 36.000 nominalni znesek dolžniškega certifikata obrestna mera (%) zapadlost dolžniškega certifikata ( v dnevih ) znesek izdaje dolžniškega certifikata ECB Izvajanje denarne politike v euroobmočju November 2008
They are used for fine-tuning purposes , mainly with the aim of managing the liquidity situation in the market and steering interest rates .
zlasti s ciljem uravnavanja likvidnosti na trgu in uravnavanja obrestnih mer .
LEGAL NATURE 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 on a specified repurchase date .
PRAVNA NARAVA Valutne zamenjave , ki se izvajajo za namene denarne politike , so operacije , pri katerih Eurosistem promptno kupuje ( ali prodaja ) euro za tujo valuto in istočasno terminsko prodaja ( ali kupuje ) euro za tujo valuto .
CURRENCY AND EXCHANGE RATE TERMS As a rule , the Eurosystem operates only in widely traded currencies and in accordance with standard market practice .
VALUTE IN DEVIZNI TEČAJI Eurosistem praviloma sklepa posle samo v valutah , s katerimi se veliko trguje , in v skladu z običajno tržno prakso . V vsaki operaciji
In each foreign exchange swap operation , the Eurosystem and the counterparties agree on the swap points for the transaction .
valutne zamenjave se Eurosistem in nasprotne stranke dogovorijo o swap točkah transakcije .
The swap points of the euro vis-à-vis the foreign currency are quoted according to general market conventions .
Swap točke za euro nasproti tuji valuti so navedene v skladu s splošnimi tržnimi običaji .
The exchange rate terms of foreign exchange swaps are specified in Box 2 .
Določitev tečajev pri valutnih zamenjavah je predstavljena v okvirju 2 . DRUGE OPERATIVNE ZNAČILNOSTI Operativne značilnosti valutnih zamenjav so naslednje : -* lahko so v obliki operacije povečevanja likvidnosti ali umikanja likvidnosti ;
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 S = x × ABC 1 × EUR
VALUTNE ZAMENJAVE S = promptni ( na datum sklenitve valutne zamenjave ) devizni tečaj med eurom ( EUR ) in tujo valuto ABC S = x × ABC 1 × EUR
FM = forward exchange rate between the euro and a foreign currency ABC on the repurchase date of the swap ( M ) FM = y × ABC 1 × EUR
FM = terminski devizni tečaj med eurom in tujo valuto ABC na datum povratnega nakupa pri valutni zamenjavi ( M ) FM = y × ABC 1 × EUR
∆M = forward points between the euro and ABC on the repurchase date of the swap ( M ) ∆M = FM -- S
∆M = terminske točke med eurom in tujo valuto ABC na datum povratnega nakupa pri valutnizamenjavi ( M ) ∆M = FM -- S N (.
N (. ) = spot amount of currency ;
) = promptni znesek valute ; N (.
) M is the forward amount of currency : N ( ABC ) S N ( ABC ) M FM
) M je terminski znesek valute : N ( ABC ) S N ( ABC ) M FM
ECB The implementation of monetary policy in the euro area November 2008 CHAPTER 3 OTHER OPERATIONAL FEATURES The operational features of foreign exchange swaps can be summarised as follows : -* they can take the form of liquidity-providing or liquidity-absorbing operations ;
ECB Izvajanje denarne politike v euroobmočju November 2008
their frequency is not standardised ; -* -* -* their maturity is not standardised ;
POGLAVJE 3 -* -* njihova zapadlost ni standardizirana ;
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 ) ;
običajno se izvajajo decentralizirano s strani nacionalnih centralnih bank ( Svet ECB lahko odloči , da v izrednih okoliščinah valutne zamenjave v obliki dvostranskih postopkov izvaja ECB ) ;
and the Eurosystem may select , according to the criteria specified in Section 2.2 and Appendix 3 , a limited number of counterparties to participate in foreign exchange swaps . -* the deposits are collected in order to absorb liquidity ;
Eurosistem lahko v skladu z merili , določenimi v poglavju 2.2 in prilogi 3 , izbere omejeno število nasprotnih strank za sodelovanje v valutnih zamenjavah .
the maturity of the deposits is not standardised ; the collection of deposits is normally executed through quick tenders , although the possibility of using bilateral procedures is not excluded ( see Chapter 5 ) ;
-* -* zbiranje vlog se običajno izvaja 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 3 may be executed by the ECB ) ;
zbiranje vlog se običajno izvaja decentralizirano s strani nacionalnih centralnih bank ( Svet ECB lahko odloči , da v izrednih okoliščinah zbiranje vezanih vlog v obliki dvostranskih postopkov 3 izvede 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 . convention « actual / 360 » .
Eurosistem lahko v skladu z merili , določenimi v poglavju 2.2 , izbere omejeno število nasprotnih strank za zbiranje vezanih vlog .
OTHER OPERATIONAL FEATURES The operational features of the collection of fixed-term deposits can be summarised as follows : Open market operations
Operacije odprtega trga
3.5 COLLECTION OF FIXED-TERM DEPOSITS TYPE OF INSTRUMENT 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 VLOG VRSTA INSTRUMENTA Nasprotna stranka lahko na pobudo Eurosistema položi obrestovane vezane vloge pri nacionalni centralni banki v državi članici , v kateri je nasprotna stranka ustanovljena .
LEGAL NATURE The deposits accepted from counterparties are for a fixed term and with a fixed rate of interest .
PRAVNA NARAVA Vloge nasprotnih strank so plasirane za določen rok in s fiksno obrestno mero .
INTEREST TERMS The interest rate applied to the deposit is a simple interest rate based on the day-count 3
IZRAČUN OBRESTI Obrestna mera , ki velja za vloge , je linearna obrestna mera , pri čemer se za štetje dni uporablja konvencija „dejansko število dni / 360 dni v letu » .
Fixed-term deposits are held on accounts with the national central banks ;
3 Vezane vloge se vodijo na računih pri nacionalnih centralnih bankah ;
CHAPTER 4 STANDING FACILITIES 4.1 THE MARGINAL LENDING FACILITY TYPE OF INSTRUMENT 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 ) .
POGLAVJE 4 ODPRTE PONUDBE 4.1 ODPRTA PONUDBA MEJNEGA POSOJILA VRSTA INSTRUMENTA Nasprotne stranke lahko uporabijo odprto ponudbo mejnega posojila , da pridobijo likvidnost čez noč od nacionalnih centralnih bank po vnaprej določeni obrestni meri na podlagi primernega finančnega premoženja za zavarovanje terjatev ( kakor je določeno v poglavju 6 ) .
LEGAL NATURE 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 retransfer 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 ) .
PRAVNA NARAVA Nacionalne centralne banke lahko ponudijo likvidnost v okviru odprte ponudbe mejnega posojila bodisi v obliki repo pogodb 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 .
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 , an assignment or a charge ) 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 . zastava , odstop terjatve ali zavarovanje ( charge )) .
ACCESS CONDITIONS Institutions fulfilling the general counterparty eligibility criteria specified in Section 2.1 may access the marginal lending facility .
POGOJI DOSTOPA Do odprte ponudbe mejnega posojila imajo dostop institucije , ki izpolnjujejo splošna merila primernosti za nasprotne stranke , določena v poglavju 2.1 .
Access to the marginal lending facility is granted only on days when TARGET2 1 is operational .
Dostop do odprte ponudbe mejnega posojila je mogoč samo ob dnevih , ko je TARGET2 1 odprt za poslovanje .
2 On days when the relevant SSSs are not operational , access to the marginal lending facilities is granted on the basis of underlying assets which have already been predeposited with the national central banks .
2 V dnevih , ko določen sistem poravnave vrednostnih papirjev ( SPVP ) ni odprt za poslovanje , je dostop do odprte ponudbe mejnega posojila dovoljen na podlagi primernega finančnega premoženja , ki je bilo že vnaprej deponirano pri nacionalni centralni banki .
At the end of each business day , counterparties » 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 .
Morebitna dolžniška pozicija nasprotne stranke na poravnalnem računu pri nacionalni centralni banki ob koncu vsakega delovnega dne se samodejno šteje kot zahtevek za dostop do mejnega posojila .
For the national central bank to process the request on the same day in TARGET2 , the request must be received by the national central bank at the latest 15 minutes following the TARGET2 closing time .
Da bi nacionalna centralna banka lahko obdelala zahtevek v sistemu TARGET2 še isti dan , mora zahtevek prejeti najpozneje 15 minut po času zaprtja sistema TARGET2 3 , 4 za poslovanje .
3 , 4 As a general rule , the TARGET2 closing time is 6 p.m. ECB time ( CET ) .
Splošno pravilo je , da je čas zaprtja sistema TARGET2 za poslovanje 18.00 po času ECB ( srednjeevropski čas ) .
The deadline for requesting access to the marginal lending facility is postponed by an additional 15 minutes on the last Eurosystem business day of a reserve 1 Starting on 19 November 2007 , the decentralised technical infrastructure of TARGET has been replaced by the single shared platform of TARGET2 through which all payment orders are submitted and processed and through which payments are received in the same technical manner .
Decentralizirano tehnično infrastrukturo sistema TARGET je z 19 . novembrom 2007 zamenjala enotna skupna platforma sistema TARGET2 , prek katere so predloženi in obdelani vsi plačilni nalogi in prek katere so plačila prejeta na enak tehnični način .
The composition of the country groups was the following : Group 1 ( 19 November 2007 ) : Austria , Cyprus , Germany , Luxemburg , Malta and Slovenia ;
skupini ( 19 . novembra 2007 ) so bile Avstrija , Ciper , Nemčija , Luksemburg , Malta in Slovenija ;
Certain non-participating national central banks have also been connected to TARGET2 on the basis of a separate agreement : Latvia and Lithuania ( in Group 1 ) , as well as Denmark , Estonia and Poland ( in Group 3 ) .
Nekatere nesodelujoče nacionalne centralne banke so bile na podlagi ločenega dogovora tudi povezane v sistem TARGET2 : Latvija in Litva ( v 1 . skupini ) ter Danska , Estonija in Poljska ( v 3 .
In addition , access to the marginal lending facility is only granted when the requirements of the payment system infrastructure in the RTGS have been fulfilled .
Poleg tega je dostop do odprte ponudbe mejnega posojila dovoljen samo , ko so bile zahteve v zvezi z infrastrukturo plačilnega sistema v BPRČ izpolnjene .
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 due to national or regional bank holidays .
V nekaterih državah članicah nacionalne centralne banke ( ali nekatere njihove podružnice ) na določene delovne dneve Eurosistema ne izvajajo operacij denarne politike zaradi nacionalnih ali regionalnih praznikov .
In such cases , the national central bank is responsible for informing the counterparties in advance of the arrangements to be made for access to the marginal lending facility on the bank holiday .
V teh primerih je zadevna nacionalna centralna banka odgovorna za vnaprejšnje obveščanje nasprotnih strank o ureditvi dostopa do odprte ponudbe mejnega posojila na ta praznični dan .
TARGET2 closing days are announced on the ECB 's website ( www.ecb.europa.eu ) , and on the Eurosystem websites ( see Appendix 5 ) . 2
Dnevi , ko je sistem TARGET2 zaprt , so objavljeni na spletni strani ECB ( www.ecb.europa.eu ) , kakor tudi na spletnih straneh Eurosistema ( glej prilogo 5 ) .
CHAPTER 4 maintenance period .
POGLAVJE 4 za dostop do odprte ponudbe mejnega posojila se na zadnji delovni dan Eurosistema v obdobju izpolnjevanja obveznih rezerv podaljša za dodatnih 15 minut .
The request must specify the amount of credit and , if underlying assets for the transaction have not already been predeposited with the national central bank , also the underlying assets to be delivered for the transaction .
V zahtevku je treba navesti znesek posojila , če primerno finančno premoženje za zavarovanje terjatev v transakciji ni bilo vnaprej deponirano pri nacionalni centralni banki , pa je treba opredeliti tudi primerno finančno premoženje za zavarovanje terjatev mejnega posojila .
MATURITY AND INTEREST TERMS The maturity of credit extended under the facility is overnight .
ZAPADLOST IN IZRAČUN OBRESTI Zapadlost posojila , odobrenega na podlagi odprte ponudbe mejnega posojila , je čez noč .
For counterparties participating directly in TARGET2 , the credit is repaid on the next day on which ( i ) TARGET2 ; and ( ii ) the relevant SSSs are operational , at the time at which those systems open .
Nasprotne stranke , ki so neposredno udeležene v sistemu TARGET2 , ( i ) posojilo odplačajo naslednji dan , ko sta TARGET2 in ( ii ) ustrezni sistem poravnave vrednostnih papirjev odprta za poslovanje , in sicer v trenutku , ko se odpreta .
The ECB may change the interest rate at any time , effective , at the earliest , from the following Eurosystem business day .
ECB lahko kadar koli spremeni obrestno mero z veljavnostjo ne prej kot naslednji delovni dan Eurosistema .
5 , 6 Interest under the facility is payable with the repayment of the credit .
5 , 6 Obresti za posojilo se plačajo skupaj z odplačilom posojila .
SUSPENSION OF THE FACILITY Access to the facility is granted only in accordance with the objectives and general monetary policy considerations of the ECB .
UKINITEV ODPRTE PONUDBE Dostop do odprte ponudbe mejnega posojila se odobri samo v skladu s cilji in splošnimi usmeritvami denarne politike ECB .
LEGAL NATURE The overnight deposits accepted from counterparties are remunerated at a fixed rate of interest .
V normalnih okoliščinah obrestna mera za odprto ponudbo mejnega depozita predstavlja spodnjo mejo obrestne mere na trgu čez noč .
No collateral is given to the counterparty in exchange for the deposits .
Pogoji za mejni depozit so enaki v celotnem euroobmočju .
ACCESS CONDITIONS 8 Institutions fulfilling the general counterparty eligibility criteria specified in Section 2.1 may access the deposit facility . Access to the deposit facility is granted through the national central bank in the Member State in which the institution is established .
V zameno za depozite se nasprotnim strankam ne daje zavarovanja . POGOJI DOSTOPA 8 Do odprte ponudbe mejnega depozita lahko dostopijo institucije , ki izpolnjujejo splošna merila primernosti za nasprotne stranke , določena v poglavju 2.1 .
Access to the deposit facility is granted only on days when TARGET2 is open . To be granted access to the deposit facility , the counterparty must send a request to the national central bank in the Member State in which the counterparty is established .
Dostop do odprte ponudbe je mogoč prek nacionalne centralne banke v državi članici , v kateri je institucija ustanovljena . Dostop je mogoč samo na dneve , ko je TARGET2 odprt za poslovanje .
For the national central bank to process the request on the same day in TARGET2 , the request must be received by the national central bank at the latest 15 minutes following the TARGET2 closing time , which is , as a general rule , 6 p.m. ECB time ( CET ) . 9 , 10 The deadline for requesting access to the deposit facility is postponed by an additional 15 minutes on the last Eurosystem business day of a reserve maintenance period .
Da se nasprotni stranki dovoli dostop do odprte ponudbe mejnega depozita , mora poslati zahtevek nacionalni centralni banki države članice , v kateri je ustanovljena . Da bi nacionalna centralna banka lahko obravnavala zahtevek še isti dan , mora zahtevek prejeti najpozneje 15 minut po dejanskem času zaprtja sistema TARGET2 , ki je praviloma ob 18.00 uri po času ECB ( srednjeevropski čas ) .
The request must specify the amount to be deposited under the facility . Standing facilities
9,10 Skrajni rok za zahtevek za dostop do odprte ponudbe mejnega depozita se na zadnji delovni dan Eurosistema v obdobju izpolnjevanja obveznih rezerv podaljša Odprte ponudbe