natgillin/translations-raw huggingface dataset:
(*) Harmonised supervision of credit institutions is based on Directive 2006/48 / EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions ( recast ) ( OJ L 177 , 30.6.2006 , p. 1 ) .'
(*) Usklajen nadzor kreditnih institucij temelji na Direktivi 2006/48 / ES Evropskega parlamenta in Sveta z dne 14 . junija 2006 o začetku opravljanja in opravljanju dejavnosti kreditnih institucij ( preoblikovano ) ( UL L 177 , 30.6.2006 , str .
( b ) The third paragraph is replaced by the following : « An institution may access the Eurosystem 's standing facilities and open market operations based on standard ten ­ ders only through the NCB of the Member State in which it is incorporated .
( b ) Tretji odstavek se nadomesti z naslednjim : „Institucija lahko dostopa do odprtih ponudb in operacij odprtega trga Eurosistema na podlagi standardnih avkcij samo prek NCB države članice , v kateri ima sedež .
If an institution has establishments ( its head office or branches ) in more than one Member State , each establishment has access to these operations through the NCB of the Member State in which it is established , notwithstanding the fact that the bids of an insti ­ tution may only be submitted by one establishment ( either the head office or a designated branch ) in each Mem ­ ber State .'
Če ima institucija poslovne enote ( sedež ali podružnice ) v več kakor eni državi članici , ima vsaka poslovna enota dostop do teh operacij prek NCB države članice , v kateri je ustanovljena , kar pa ne posega v dejstvo , da lahko protiponudbe ene institucije predloži samo ena poslovna enota ( bodisi sedež bodisi izbrana podružnica ) v vsaki državi članici ."
Section 2.2 is amended as follows : ( a ) The second paragraph is replaced by the following : « For foreign exchange swaps executed for monetary policy purposes , counterparties must be able to conduct largevolume foreign exchange operations efficiently under all market conditions .
Oddelek 2.2 se spremeni : ( a ) Drugi odstavek se nadomesti z naslednjim : „Pri valutnih zamenjavah , ki se izvajajo za namene denarne politike , morajo biti nasprotne stranke sposobne učin ­ kovito opravljati devizne operacije velikega obsega v vseh tržnih pogojih .
The range of counterparties to for ­ eign exchange swaps corresponds to the counterparties established in the euro area which are selected for Eurosystem foreign exchange intervention operations .
Krog nasprotnih strank za valutne za ­ menjave je enak krogu nasprotnih strank , ki so ustanovljene v euroobmočju in izbrane za posege Eurosistema na deviznem trgu .
The criteria and procedures applied for the selection of counterparties to foreign exchange intervention operations are presented in Appendix 3 .'
Merila in postopki , ki se uporabljajo pri izbiri nasprotnih strank za posege na deviznem trgu , so predstavljeni v Dodatku 3 ."
( b ) The fifth paragraph is replaced by the following : « The Governing Council of the ECB can decide that , under exceptional circumstances , fine-tuning bilateral opera ­ tions may be carried out by the ECB itself .
( b ) Peti odstavek se nadomesti z naslednjim : „Svet ECB lahko odloči , da lahko v izrednih okoliščinah dvostranske operacije finega uravnavanja izvaja sama ECB .
If the ECB were to carry out bilateral operations , the selection of coun ­ terparties would in such cases be made by the ECB according to a rotation scheme among those counterparties in the euro area which are eligible for quick tenders and bilateral operations in order to ensure equitable access .'
V primerih , ko bi dvostranske operacije izvajala ECB , bi ta izbrala nasprotne stranke po sistemu kroženja izmed tistih nasprotnih strank v euroobmočju , ki so primerne za sodelovanje v hitrih avkcijah in dvostranskih operaci ­ jah , s čimer bi se jim zagotovil enakopraven dostop ."
( a ) The third paragraph is replaced by the following : « This relates to cases of infringement of ( a ) tender rules , if a counterparty fails to transfer a sufficient amount of underlying assets or cash (*) to settle ( at the settlement day ) , or to collateralise , until the maturity of the operation by means of corresponding margin calls , the amount of liquidity it has been allotted in a liquidity-providing opera ­ tion , or if it fails to transfer a sufficient amount of cash to settle the amount it has been allotted in a liquidityabsorbing operation ;
Oddelek 2.3 se spremeni : ( a ) Tretji odstavek se nadomesti z naslednjim : „To velja za primere kršitev ( a ) avkcijskih pravil , če nasprotna stranka ne prenese zadostnega finančnega premo ­ ženja ali denarnih sredstev (*) za poravnavo ( na dan poravnave ) zneska likvidnosti , ki ji je bil dodeljen v operaciji povečevanja likvidnosti -- ali pa tega zneska do zapadlosti operacije ne zavaruje v ustreznih pozivih h kritju --, ali če ne prenese zadostnih denarnih sredstev za poravnavo zneska , ki ji je bil dodeljen v operaciji umikanja likvid ­ nosti ;
and ( b ) bilateral transaction rules , if a counterparty fails to transfer a sufficient amount of eligible underlying assets , or if it fails to transfer a sufficient amount of cash to settle the amount agreed in bilat ­ eral transactions , or if it fails to collateralise an outstanding bilateral transaction at any time until its maturity by means of corresponding margin calls .
in ( b ) pravil za dvostranske transakcije , če nasprotna stranka ne prenese zadostnega primernega finančnega premoženja ali zadostnih denarnih sredstev za poravnavo zneska , dogovorjenega v dvostranskih operacijah , ali pa za še nezapadlo dvostransko transakcijo kadar koli pred zapadlostjo ne zagotovi dodatnega zavarovanja v us ­ treznih pozivih h kritju .
(*) When applicable , as regards margin calls .'
(*) V zvezi s pozivi h kritju , kjer pride v poštev ."
( b ) The fifth paragraph is replaced by the following : « In addition , a suspension measure taken vis-à-vis a non-complying counterparty may be applied to branches of the same institution established in other Member States .
( b ) Peti odstavek se nadomesti z naslednjim : „Poleg tega se lahko ukrep začasne izključitve nasprotne stranke , ki ne izpolnjuje obveznosti , uporabi tudi za podružnice iste institucije , ki so ustanovljene v drugih državah članicah .
Where , as an exceptional measure , this is required on account of the seriousness of a case of non-compliance , as evidenced by its frequency or duration , for instance , a counterparty may be suspended from all future monetary policy operations for a certain period of time .'
Izjemoma se lahko nasprotno stranko za določeno obdobje izključi iz sodelovanja v vseh prihodnjih operacijah denarne politike , kadar je to potrebno zaradi resnosti primera neizpolnjevanja obveznosti , na primer zaradi njegove pogostosti ali trajanja ."
Section 2.4 is replaced by the following :
Oddelek 2.4 se nadomesti z naslednjim :
« 2.4 . Suspension , limitation or exclusion on grounds of prudence or events of default In accordance with the provisions in the contractual or regulatory arrangements applied by the respective NCB ( or by the ECB ) , the Eurosystem may suspend , limit or exclude counterparties » access to monetary policy instru ­ ments on the grounds of prudence .
„ 2.4 Začasna izključitev , omejitev ali trajna izključitev zaradi razlogov skrbnega in varnega poslovanja ali do ­ godkov neplačila V skladu s pogodbenimi ali zakonskimi ureditvami , ki jih uporablja zadevna NCB ( ali ECB ) , lahko Eurosistem zaradi razlogov skrbnega in varnega poslovanja nasprotne stranke začasno ali trajno izključi iz uporabe instrumentov denarne politike ali jim uporabo omeji .
In addition , a suspension , limitation or exclusion of counterparties may be warranted in some of the cases which fall within the notion of the « default » of a counterparty as defined in the contractual or regulatory arrangements applied by the NCBs .
Poleg tega se lahko začasna izključitev , omejitev ali trajna izključitev nasprotnih strank odobri v nekaterih izmed primerov , ki sodijo pod pojem ‚neplačilo » nasprotne stranke , kakor je opredeljen v pogodbenih ali zakonskih ure ­ ditvah , ki jih uporabljajo NCB .
Finally , on the grounds of prudence , the Eurosystem may also reject assets , limit the use of assets or apply supple ­ mentary haircuts to assets submitted as collateral in Eurosystem credit operations by specific counterparties .'
Končno lahko Eurosistem zaradi razlogov skrbnega in varnega poslovanja tudi zavrne finančno premoženje , omeji uporabo finančnega premoženja ali uporabi dodatne odbitke za finančno premoženje , ki ga za zavarovanje pri kreditnih operacijah Eurosistema predložijo posamezne nasprotne stranke ."
The introductory paragraph to Chapter 3 is replaced by the following : « Open market operations play an important role in the Eurosystem4s monetary policy .
Uvodni odstavek poglavja 3 se nadomesti z naslednjim : „Operacije odprtega trga imajo pomembno vlogo v denarni politiki Eurosistema .
They are used for steering inter ­ est rates , managing the liquidity situation in the market and signalling the stance of monetary policy .
Uporabljajo se za uravnavanje ob ­ restnih mer , uravnavanje likvidnosti na trgu in signaliziranje naravnanosti denarne politike .
With regard to their aims , regularity and procedures , Eurosystem open market operations can be divided into four categories : main refinancing operations , longer-term refinancing operations , fine-tuning operations and structural operations .
Glede na njihove cilje , rednost in postopke se lahko operacije odprtega trga Eurosistema razdelijo na štiri kategorije : operacije glavnega refinanciranja , operacije dolgoročnejšega refinanciranja , operacije finega uravnavanja in strukturne operacije .
As for the instruments used , reverse transactions are the main open market instrument of the Eurosystem and can be employed in all four categories of operations , whereas ECB debt certificates may be used for structural absorption operations .
Z vidika uporabljenih instrumentov so povratne transakcije glavni instrument operacij odprtega trga Eurosistema in se lahko uporabijo za vse štiri kategorije operacij , medtem ko se lahko dolžniški certifikati ECB uporabijo za strukturne opera ­ cije umikanja likvidnosti .
Structural operations may also be conducted by means of outright transactions i.e. purchases and sales .
Strukturne operacije se lahko izvajajo tudi z dokončnimi transakcijami , tj . nakupi in prodajami .
In addition , the Eurosystem has two other instruments available for the conduct of fine-tuning operations : foreign exchange swaps and the collection of fixed-term deposits .
Poleg tega ima Eurosistem na razpolago dva druga instrumenta za izvajanje operacij finega uravnavanja : valutne zamenjave in zbiranje vezanih vlog .
In the following sections , specific features of the different types of open market instruments used by the Eurosystem are presented in detail .'
V nadaljevanju so podrobno predstavljene značilnosti posameznih vrst instrumentov za operacije odprtega trga , ki jih uporablja Eurosistem ."
In Section 3.1.4 , the sixth bullet point of the second paragraph is replaced by the following : « they are normally executed in a decentralised manner by the NCBs ( the Governing Council of the ECB can decide that , under exceptional circumstances , bilateral fine-tuning reverse operations may be executed by the ECB ) ;'
V oddelku 3.1.4 se šesta alinea drugega odstavka nadomesti z naslednjim : „običajno se izvajajo decentralizirano s strani NCB ( Svet ECB lahko odloči , da lahko v izrednih okoliščinah dvostranske povratne operacije finega uravnavanja izvaja ECB ) ;"
In Section 3.2 , the fourth bullet point of the fourth paragraph is replaced by the following : « they are normally executed in a decentralised manner by the NCBs ( the Governing Council of the ECB can decide that , under exceptional circumstances , outright transactions may be executed by the ECB ) ;'
V oddelku 3.2 se četrta alinea četrtega odstavka nadomesti z naslednjim : „običajno se izvajajo decentralizirano s strani NCB ( Svet ECB lahko odloči , da lahko v izrednih okoliščinah dokončne transakcije izvaja ECB ) ;"
Section 3.3 is amended as follows : ( a ) The second paragraph is replaced by the following : « ECB debt certificates constitute a debt obligation of the ECB vis-à-vis the holder of the certificate .
Oddelek 3.3 se spremeni : ( a ) Drugi odstavek se nadomesti z naslednjim : „Dolžniški certifikati ECB predstavljajo dolg ECB do imetnika certifikata .
They are issued and held in book-entry form in securities depositories in the euro area .
Izdajo in hranijo se v nematerializirani obliki pri registrih vrednostnih papirjev v euroobmočju .
The ECB does not impose any restrictions on the transferability of the certificates .
ECB ne postavlja nikakršnih omejitev glede prenosljivo ­ sti certifikatov .
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 vsebovali pogoji za takšne certifikate ."
( b ) The third paragraph is replaced by the following : « ECB debt 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 .
( b ) Tretji odstavek se nadomesti z naslednjim : „Dolžniški certifikati ECB se izdajo z diskontom , tj . izdajo se v znesku , ki je manjši od nominalnega zneska , ob zapadlosti pa se izplačajo 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 odkupnim zneskom je enaka obračunanim obrestim na znesek izdaje po dogovorjeni obrestni meri za obdobje do zapadlosti certifikata .
The inter ­ est rate applied is a simple interest rate based on the day-count convention « actual / 360 » .
Upo ­ rabljena 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 ."
( c ) Box 1 is replaced by the following :
( c ) Okvir 1 se nadomesti z naslednjim :
« BOX 1 Issuance of ECB debt certificates
„OKVIR 1 Izdaja dolžniških certifikatov ECB
The issue amount is : PT = N ×
Znesek izdaje znaša : PT = N ×
where : N = rI = D = nominal amount of the ECB debt certificate interest rate ( in %) maturity of the ECB debt certificate ( in days )
kjer velja : N = rI = D = nominalni znesek dolžniškega certifikata ECB obrestna mera ( v %) rok zapadlosti dolžniškega certifikata ECB ( v dnevih )
PT = discounted issue amount of the ECB debt certificate » 15 .
PT = diskontirani znesek izdaje dolžniškega certifikata ECB » 15 .
In Section 3.4 , the fifth bullet point of the fourth paragraph is replaced by the following : « they are normally executed in a decentralised manner by the NCBs ( the Governing Council of the ECB can decide that , under exceptional circumstances , bilateral foreign exchange swaps may be executed by the ECB ) ;
V oddelku 3.4 se peta alinea četrtega odstavka nadomesti z naslednjim : „običajno se izvajajo decentralizirano s strani NCB ( Svet ECB lahko odloči , da lahko v izrednih okoliščinah valutne za ­ menjave v obliki dvostranskih postopkov izvaja ECB ) ;
and » 16 .
in » 16 .
In Section 3.5 , the fifth bullet point of the fourth paragraph is replaced by the following : « the collection of deposits is normally executed in a decentralised manner by the NCBs ( the Governing Council of the ECB can decide that , under exceptional circumstances , the bilateral collection of fixed-term deposits (*) may be executed by the ECB ) ;
V oddelku 3.5 se peta alinea četrtega odstavka nadomesti z naslednjim : „zbiranje vlog se običajno izvaja decentralizirano s strani NCB ( Svet ECB lahko odloči , da lahko v izrednih okoliščinah zbiranje vezanih vlog v obliki dvostranskih postopkov (*) izvaja ECB ) ;
and (*) Fixed-term deposits are held on accounts with the NCBs ;
in (*) Vezane vloge se vodijo na računih pri NCB ;
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 te operacije centralizirano izvajala ECB ."
In Section 4.1 , footnotes 1 and 2 in the third paragraph are replaced by the following :
V oddelku 4.1 se opombi 1 in 2 v tretjem odstavku nadomestita z naslednjim :
« ( 1 ) Since 19 May 2008 , the decentralised technical infrastructure of TARGET has been replaced by TARGET2 .
„ ( 1 ) Decentralizirano tehnično infrastrukturo sistema TARGET je 19 . maja 2008 nadomestil sistem TARGET2 .
TAR ­ GET2 consists of the single shared platform ( through which all payment orders are submitted and processed and through which payments are received in the same technical manner ) and , while applicable , the proprietary home accounting systems of NCBs .
Sistem TARGET2 sestavljajo enotna skupna platforma ( prek katere se predložijo in obdelajo vsi plačilni nalogi ter prek katere se vsa plačila prejmejo na enak tehnični način ) in , dokler to pride v poštev , lastni sistemi domačih računov NCB .
In addition , access to the marginal lending facility is only granted to counterparties with access to an account with the NCB where the transaction can be settled , for example in the single shared platform of TARGET2 .'
Poleg tega je dostop do odprte ponudbe mejnega posojanja dovoljen samo nasprotnim strankam , ki imajo dostop do računa pri NCB , kjer se transakcija lahko poravna , na primer na enotni skupni platformi sistema TARGET2 ."
Section 4.2 is amended as follows :
Oddelek 4.2 se spremeni :
The following footnote (*) is added at the end of the third paragraph ( the first paragraph under the heading « Access conditions » :
Na koncu tretjega odstavka ( prvega odstavka pod naslovom„Pogoji dostopa ") se doda naslednja opomba (*) :
« (*) In addition , access to the deposit facility is only granted to counterparties with access to an account with the NCB where the transaction can be settled , for example in the single shared platform of TARGET2 .'
„ (*) Poleg tega je dostop do odprte ponudbe mejnega depozita dovoljen samo nasprotnim strankam , ki imajo dostop do računa pri NCB , kjer se transakcija lahko poravna , na primer na enotni skupni platformi sistema TARGET2 ."
( b ) Footnote 12 in the seventh paragraph ( the second paragraph under the heading « Maturity and interest terms ') is replaced by the following :
( b ) Opomba 12 v sedmem odstavku ( drugem odstavku pod naslovom „Dospelost in izračun obresti ") se nadomesti z naslednjim :
« ( 12 ) See footnote 6 in this chapter .'
„ ( 12 ) Glej opombo 6 v tem poglavju ."
In Section 5.1.1 , Box 3 is replaced by the following :
V oddelku 5.1.1 se okvir 3 nadomesti z naslednjim :
« BOX 3 Operational steps for tender procedures Step 1 Tender announcement a. b. Announcement by the ECB through public wire services and the ECB 's website Announcement by the NCBs through national wire services and directly to individual counterparties ( if deemed necessary )
„OKVIR 3 Operativni koraki avkcijskih postopkov Korak 1 Najava avkcije a. b. najava s strani ECB prek javnih elektronskih medijev in spletne strani ECB najava s strani NCB prek nacionalnih elektronskih medijev in neposredno posameznim nasprotnim strankam ( po potrebi )
Step 2 Counterparties » preparation and submission of bids Step 3 Compilation of bids by the Eurosystem Step 4 Tender allotment and announcement of tender results a. b. ECB allotment decision Announcement of the allotment results through public wire services and the ECB 's website
Korak 2 Priprava in predložitev protiponudb s strani nasprotnih strank Korak 3 Zbiranje protiponudb s strani Eurosistema Korak 4 Dodelitev in objava rezultatov avkcije a. b. odločitev ECB o dodelitvi objava rezultatov dodelitve prek javnih elektronskih medijev in spletne strani ECB
Step 5 Certification of individual allotment results Step 6 Settlement of the transactions ( see Section 5.3 )'
Korak 5 Pošiljanje obvestil uspešnim ponudnikom Korak 6 Poravnava transakcij ( glej oddelek 5.3 )"
Section 5.1.3 is amended as follows :
Oddelek 5.1.3 se spremeni :
The introductory part of the first paragraph is replaced by the following :
Uvodni del prvega odstavka se nadomesti z naslednjim :
« Eurosystem standard tenders are publicly announced by means of wire services and the ECB 's website .
„Standardne avkcije Eurosistema se javno najavijo prek elektronskih medijev in spletne strani ECB .
In addi ­ tion , NCBs may announce the tender operation directly to counterparties without access to wire services .
Poleg tega lahko NCB o avkciji neposredno obvestijo nasprotne stranke , ki nimajo dostopa do elektronskih medijev .
The pub ­ lic tender announcement message normally contains the following information :'
Javna najava avkcije običajno vsebuje naslednje podatke :"
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( b ) The tenth bullet point of the first paragraph is replaced by the following : « the start date and the maturity date of the operation ( if applicable ) , or the value date and the maturity date of the instrument ( in the case of the issuance of ECB debt certificates ) ;'
( b ) Deseta alinea prvega odstavka se nadomesti z naslednjim : „datum začetka in datum zapadlosti operacije ( če je predvideno ) ali datum valutacije in datum zapadlosti instru ­ menta ( pri izdaji dolžniških certifikatov ECB ) ;"
( c ) The seventeenth bullet point of the first paragraph is replaced by the following : « the denomination of the certificates ( in the case of the issuance of ECB debt certificates ) ;
( c ) Sedemnajsta alinea prvega odstavka se nadomesti z naslednjim : „nominalna vrednost certifikatov ( pri izdaji dolžniških certifikatov ECB ) ;
and » ( d ) The eighteenth bullet point of the first paragraph is replaced by the following : « the ISIN code of the issue ( in the case of the issuance of ECB debt certificates ) .'
in » ( d ) Osemnajsta alinea prvega odstavka se nadomesti z naslednjim : „koda ISIN izdaje ( pri izdaji dolžniških certifikatov ECB ) ."
Section 5.1.4 is amended as follows : ( a ) The third paragraph is replaced by the following : « In variable rate tenders , counterparties may submit bids for up to 10 different interest rate / price / swap point lev ­ els .
Oddelek 5.1.4 se spremeni : ( a ) Tretji odstavek se nadomesti z naslednjim : „Pri avkcijah z variabilno mero lahko nasprotne stranke predložijo do 10 protiponudb z različnimi obrestnimi merami / cenami / swap točkami .
In exceptional circumstances the Eurosystem may impose a limit on the number of bids that may be submit ­ ted as regards variable rate tenders .
V izrednih okoliščinah lahko Eurosistem omeji število protiponudb , ki se lahko predložijo pri avkcijah z variabilno mero .
In each bid , counterparties must state the amount of money that they are willing to transact with the NCBs and the relevant interest rate (*) (**) .
Nasprotne stranke morajo v vsaki protiponudbi navesti denarni znesek , v višini katerega so pripravljene skleniti posel z NCB , in ustrezno obrestno mero (*) (**) .
The interest rates bid must be expressed as multiples of 0,01 percentage points .
Licitirane obrestne mere morajo biti izražene kot mnogokratnik 0,01 odstotne točke .
In the case of a variable rate foreign exchange swap tender , the swap points must be quoted according to standard market conventions and bids must be expressed as multiples of 0,01 swap points .
Pri operacijah valutnih zamenjav z variabilno swap mero se morajo swap točke navesti v skladu s splošnimi tržnimi običaji , protiponudbe pa morajo biti izražene kot mnogokratnik 0,01 swap točke .
(*) With regard to the issuance of ECB debt certificates , the ECB may decide that bids are to be expressed in the form of a price rather than an interest rate .
(*) V zvezi z izdajo dolžniških certifikatov ECB lahko ECB odloči , da morajo protiponudbe vsebovati licitirano ceno in ne obrestne mere .
In such cases , prices must be quoted as a percentage of the nomi ­ nal amount .
V takšnih primerih se morajo cene navesti kot odstotek nominalnega zneska .