natgillin/translations-raw huggingface dataset:
TABLE 3 POOLING SYSTEM Date 28.7.2004 29.7.2004 30.7.2004 2.8.2004 3.8.2004 4.8.2004 5.8.2004 Outstanding transactions Main refinancing Main refinancing Longer-term refinancing Main refinancing Longer-term refinancing Main refinancing Longer-term refinancing Main refinancing Longer-term refinancing Main refinancing Longer-term refinancing Main refinancing Longer-term refinancing Start date 28.7.2004 28.7.2004 29.7.2004 28.7.2004 29.7.2004 28.7.2004 29.7.2004 28.7.2004 29.7.2004 4.8.2004 29.7.2004 4.8.2004 29.7.2004 End date 4.8.2004 4.8.2004 27.10.2004 4.8.2004 27.10.2004 4.8.2004 27.10.2004 4.8.2004 27.10.2004 11.8.2004 27.10.2004 11.8.2004 27.10.2004 Interest rate 4.24 4.24 4.56 4.24 4.56 4.24 4.56 4.24 4.56 4.26 4.56 4.26 4.56 Liquidity provided 50,000,000 50,000,000 45,000,000 50,000,000 45,000,000 50,000,000 45,000,000 50,000,000 45,000,000 35,000,000 45,000,000 35,000,000 45,000,000
julija 2004 , je v tem primeru enak tistemu , ki se zahteva v primeru sistema označevanja finančnega premoženja za zavarovanje terjatev . Nasprotna stranka izroči finančno premoženje A v nominalni vrednosti 1.300.000 EUR , kar po zmanjšanju tržne vrednosti , izračunane na podlagi tržne cene 100,55% , za 3,5% odbitek pri vrednotenju , ponovno vzpostavi zadostno zavarovalno kritje .
ECB The implementation of monetary policy in the euro area November 2008
avgusta 2004 , ko dospe operacija glavnega refinanciranja , ki se je začela 28 .
APPENDIX 1 Examples of monetary policy opertations and procedures Accrued interest 5,889 11,778 5,700 29,444 22,800 35,333 28,500 34,200 4,142 39,900 Total amount to be covered 50,000,000 50,005,889 45,000,000 50,011,778 45,005,700 50,029,444 45,022,800 50,035,333 45,028,500 35,000,000 45,034,200 35,004,142 45,039,900 Lower trigger amount 49,750,000 49,755,859 44,775,000 49,761,719 44,780,672 49,779,297 44,797,686 49,785,157 44,803,358 34,825,000 44,809,029 34,829,121 44,814,701 Upper trigger amount 50,250,000 50,255,918 45,225,000 50,261,837 45,230,729 50,279,592 45,247,914 50,285,510 45,253,643 35,175,000 45,259,371 35,179,162 45,265,100 Adjusted market value 50,113,203 49,795,814 45,130,810 49,097,560 44,741,520 50,258,131 45,152,222 50,123,818 45,200,595 35,068,875 45,296,029 34,979,625 45,043,420 Margin call - 914,218 - 264,180 261,829 -
julija 2004 , obdrži finančno premoženje na svojem zastavnem računu . Finančno premoženje se lahko tudi izmenja za drugo finančno premoženje , kot kaže primer , kjer nasprotna stranka finančno premoženja A v nominalni vrednosti 51,9 milijona EUR zamenja s finančnim premoženjem C v nominalni vrednosti 75,5 milijonov EUR , da se pokrijejo posojena likvidnost in natečene obresti iz vseh operacij refinanciranja .
Margin call - 1,178,398 - 1 ) In a pooling system , the lower trigger amount is the lowest threshold for margin calls .
Okvir za obvladovanje tveganj , uporabljen pri sistemu s skladom finančnega premoženja za zavarovanje terjatev , je opisan v tabeli 3 .
In practice , most national central banks require additional collateral whenever the haircut-adjusted market value of the collateral pool falls below the total amount to be covered . 2 ) In a pooling system , the notion of upper trigger amount is not relevant , since the counterparty will constantly target an excess amount of collateral provided in order to minimise operational transactions .
3 Če bi morala nacionalna centralna banka prenesti kritje nasprotni stranki v zvezi z drugo transakcijo , se lahko tak prenos kritja v nekaterih primerih pobota s kritjem , ki ga je nasprotna stranka prenesla na nacionalno centralno banko v zvezi s prvo transakcijo . Kot posledica bi se izvedel samo en prenos kritja .
ECB The implementation of monetary policy in the euro area November 2008 77
ECB Izvajanje denarne politike v euroobmočju November 2008
APPENDIX 2 GLOSSARY Asset-backed security ( ABS ) : a debt instrument that is backed by a pool of ring-fenced financial assets ( fixed or revolving ) that convert into cash within a finite time period . In addition , rights or other assets may exist that ensure the servicing or timely distribution of proceeds to the holders of the securities .
6 ( nadaljevanje ) TABELA 2 : SISTEM OZNAČEVANJA FINANČNEGA PREMOŽENJA ZA ZAVAROVANJE TERJATEV Datum 28 .
Assets may exist either physically ( but immobilised within the CSD ) or in a dematerialised form ( i.e. only as electronic records ) . Close links : a situation in which the counterparty is linked to an issuer / debtor / guarantor of debt instruments by reason of the fact that : ( i ) the counterparty owns 20 % or more of the capital of the issuer / debtor / guarantor , or one or more undertakings in which the counterparty owns the majority of the capital own 20 % or more of the capital of the issuer / debtor / guarantor , or the counterparty and one or more undertakings in which the counterparty owns the majority of the capital together own 20 % or more of the capital of the issuer / debtor / guarantor ;
2004 Nedospele transakcije Glavno refinanciranje Glavno refinanciranje Dolgoročnejše refinanciranje Glavno refinanciranje Dolgoročnejše refinanciranje Glavno refinanciranje Dolgoročnejše refinanciranje Glavno refinanciranje Dolgoročnejše refinanciranje Glavno refinanciranje Dolgoročnejše refinanciranje Glavno refinanciranje Dolgoročnejše refinanciranje Datum začetka 28 . 7 .
Correspondent central banking model ( CCBM ) : a mechanism established by the Eurosystem with the aim of enabling counterparties to use underlying assets in a cross-border context .
7 . 2004 Datum zapadlosti 4 .
Default event : an event referred to in the Eurosystem credit assessment framework ( ECAF ) that is covered by the definition contained in the 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 ) and Directive 2006/49 / EC of the European Parliament and of the Council of 14 June 2006 on the capital adequacy of investment firms and credit institutions ( recast ) ( together referred to as the « Capital Requirements Directive » ( CRD )) .
2004 Obrestna mera 4,24 4,24 4,56 4,24 4,56 4,24 4,56 4,24 4,56 4,26 4,56 4,26 4,56 Posojena likvidnost 50.000.000 50.000.000 45.000.000 50.000.000 45.000.000 50.000.000 45.000.000 50.000.000 45.000.000 35.000.000 45.000.000 35.000.000 45.000.000 TABELA 3 : SISTEM S SKLADOM FINANČNEGA PREMOŽENJA ZA ZAVAROVANJE TERJATEV Datum 28 .
Thus , a default event occurs when « ( a ) the credit institution considers that the obligor is unlikely to pay its credit obligations to the credit institution , the parent undertaking or any of its subsidiaries in full , without recourse by the credit institution to actions such as realising security ( if held ) , » and / or « ( b ) the obligor is past due more than 90 days on any material credit obligation to the credit institution , the parent undertaking or any of its subsidiaries ." Delivery-versus-payment or delivery-against-payment system : a mechanism in an exchange-forvalue settlement system which ensures that the final transfer of assets ( securities or other financial instruments ) occurs if , and only if , the final transfer of another asset ( or other assets ) occurs .
8 . 2004 Nedospele transakcije Glavno refinanciranje Glavno refinanciranje Dolgoročnejše refinanciranje Glavno refinanciranje Dolgoročnejše refinanciranje Glavno refinanciranje Dolgoročnejše refinanciranje Glavno refinanciranje Dolgoročnejše refinanciranje Glavno refinanciranje Dolgoročnejše refinanciranje Glavno refinanciranje Dolgoročnejše refinanciranje Datum začetka 28 .
The Eurosystem 's benchmark for establishing its minimum requirement for high credit standards ( credit quality threshold ) is defined in terms of a « single A » credit assessment .
2004 Datum zapadlosti 4 .
Longer-term refinancing operation : a regular open market operation executed by the Eurosystem in the form of a reverse transaction . Longer-term refinancing operations are executed through monthly standard tenders and normally have a maturity of three months .
10 . 2004 Obrestna mera 4,24 4,24 4,56 4,24 4,56 4,24 4,56 4,24 4,56 4,26 4,56 4,26 4,56 Posojena likvidnost 50.000.000 50.000.000 45.000.000 50.000.000 45.000.000 50.000.000 45.000.000 50.000.000 45.000.000 35.000.000 45.000.000 35.000.000 45.000.000
APPENDIX 2 Lump-sum allowance : a fixed amount which an institution deducts in the calculation of its reserve requirement within the minimum reserve framework of the Eurosystem . Main refinancing operation : a regular open market operation executed by the Eurosystem in the form of a reverse transaction .
PRILOGA 1 Primeri operacij in postopkov denarne politike Natečene obresti 5.889 11.778 5.700 29.444 22.800 35.333 28.500 34.200 4.142 39.900 Skupni znesek potrebnega zavarovanja 50.000.000 50.005.889 45.000.000 50.011.778 45.005.700 50.029.444 45.022.800 50.035.333 45.028.500 35.000.000 45.034.200 35.004.142 45.039.900 Spodnja meja za poziv h kritju 49.750.000 49.755.859 44.775.000 49.761.719 44.780.672 49.779.297 44.797.686 49.785.157 44.803.358 34.825.000 44.809.029 34.829.121 44.814.701 Zgornja meja za poziv h kritju 50.250.000 50.255.918 45.225.000 50.261.837 45.230.729 50.279.592 45.247.914 50.285.510 45.253.643 35.175.000 45.259.371 35.179.162 45.265.100 Prilagojena tržna vrednost 50.113.203 49.795.814 45.130.810 49.097.560 44.741.520 50.258.131 45.152.222 50.123.818 45.200.595 35.068.875 45.296.029 34.979.625 45.043.420 Poziv h kritju - 914.218 - 264.180 261.829 -
Main refinancing operations are conducted through weekly standard tenders and normally have a maturity of one week .
Natečene obresti 5.889 11.778 5.700 29.444 22.800 35.333 28.500 34.200 4.142 39.900
Maintenance period : the period over which compliance with reserve requirements is calculated .
Skupni znesek potrebnega zavarovanja 50.000.000 95.005.889 95.017.478 95.052.244 95.063.833 80.034.200 80.044.042
The ECB publishes a calendar of the reserve maintenance periods at least three months before the start of each year .
Spodnja meja za poziv h kritju 4 49.750.000 94.530.859 94.542.390 94.576.983 94.588.514 79.634.029 79.643.821
Maintenance periods begin on the settlement day of the first main refinancing operation following the meeting of the Governing Council at which the monthly assessment of the monetary policy stance is pre-scheduled .
Zgornja meja za poziv h kritju 5 se ne uporablja se ne uporablja se ne uporablja se ne uporablja se ne uporablja se ne uporablja se ne uporablja
They normally end on the day preceding the similar settlement day in the following month .
Prilagojena tržna vrednost 50.113.203 94.926.624 93.839.080 95.487.902 95.399.949 80.333.458 80.248.396
Under special circumstances , the published calendar may be amended , depending , among other things , on changes in the schedule of Governing Council meetings .
4 V sistemu s skladom finančnega premoženja za zavarovanje terjatev je znesek spodnje meje za poziv h kritju najnižji prag za poziv h kritju .
Margin call : a procedure related to the application of variation margins , implying that if the value , as regularly measured , of the underlying assets falls below a certain level , the central bank requires counterparties to supply additional assets ( or cash ) .
V praksi večina nacionalnih centralnih bank zahteva dodatno zavarovanje , kadar prilagojena tržna vrednost po odbitku v skladu finančnega premoženja za zavarovanje terjatev pade pod skupni znesek , ki zahteva kritje .
Similarly , if the value of the underlying assets , following their revaluation , were to exceed the amount owed by the counterparties plus the variation margin , the counterparty may ask the central bank to return the excess assets ( or cash ) to the counterparty .
5 V sistemu s skladom finančnega premoženja za zavarovanje terjatev pojem zgornje meje za poziv h kritju ni pomemben , saj si bo nasprotna stranka nenehno prizadevala za presežek zneska posojenega zavarovanja , da bi čim bolj zmanjšala transakcije v operaciji .
Marginal interest rate : the interest rate at which the total tender allotment is exhausted .
ECB Izvajanje denarne politike v euroobmočju November 2008
Marginal lending facility : a standing facility of the Eurosystem which counterparties may use to receive overnight credit from a national central bank at a pre-specified interest rate against eligible assets .
77 PRILOGA 2 GLOSAR Avkcija ameriškega tipa : glej avkcija z različnimi obrestnimi merami .
Marginal swap point quotation : the swap point quotation at which the total tender allotment is exhausted .
Avkcija nizozemskega tipa : glej avkcija z enotno obrestno mero .
Marking to market : see variation margin .
Avkcija obsega ( volume tender ) : glej avkcija s fiksno obrestno mero .
Maturity bucket : a class of assets , the residual maturity of which is within a certain range of values , e.g. the three-to-five-year maturity bucket .
Avkcija s fiksno obrestno mero : avkcijski postopek , v katerem je obrestna mera opredeljena vnaprej s strani centralne banke in udeležene nasprotne stranke licitirajo denarni znesek posla , ki ga želijo skleniti po fiksni obrestni meri .
Maturity date : the date on which a monetary policy operation expires . In the case of a repurchase agreement or swap , the maturity date corresponds to the repurchase date .
Avkcija z enotno obrestno mero ( avkcija nizozemskega tipa ) : avkcija , v kateri je dodelitvena obrestna mera ( ali cena / swap točke ) , uporabljena za vse sprejete protiponudbe , enaka mejni obrestni meri .
Maximum bid limit : the limit on the largest acceptable bid from an individual counterparty in a tender operation . The Eurosystem may impose maximum bid limits in order to avoid disproportionately large bids from individual counterparties .
Avkcija z različnimi obrestnimi merami ( avkcija ameriškega tipa ) : avkcija pri kateri je dodelitvena obrestna mera ( ali cena / swap točke ) enaka obrestni meri , ponujeni v vsaki posamezni protiponudbi .
Maximum bid rate : the upper limit to the interest rate at which counterparties may submit bids in variable rate tenders . Bids at a rate above the maximum bid rate announced by the ECB are discarded .
Avkcija z variabilno obrestno mero : avkcijski postopek , v katerem nasprotne stranke licitirajo tako denarni znesek posla , ki ga želijo skleniti s centralno banko , kot tudi obrestno mero , po kateri želijo posel skleniti .
83 Member State : as used in this document , an EU Member State which has adopted the single currency in accordance with the Treaty .
Avkcijski postopek : postopek , v katerem centralna banka povečuje ali umika likvidnost s trga na podlagi protiponudb , ki jih predložijo nasprotne stranke , ki pri tem tekmujejo druga z drugo .
Minimum allotment amount : the lower limit of the amount to be allotted to individual counterparties in a tender operation .
Najbolj konkurenčne protiponudbe se sprejemajo prednostno , dokler se skupni znesek likvidnosti , ki ga centralna banka nudi ali umika , ne izčrpa .
The Eurosystem may decide to allot a minimum amount to each counterparty in its tender operations .
Brezkuponska obveznica : vrednostni papir , ki v času do zapadlosti izplača samo en gotovinski priliv .
Minimum allotment ratio : the lower limit , expressed in percentage terms , of the ratio of bids at the marginal interest rate to be allotted in a tender operation .
Za namen tega dokumenta se med brezkuponske obveznice uvrščajo vrednostni papirji , izdani z diskontom , in vrednostni papirji , pri katerih se plača en kupon ob zapadlosti .
The Eurosystem may decide to apply a minimum allotment ratio in its tender operations .
Strip je posebna vrsta brezkuponske obveznice .
Minimum bid rate : the lower limit to the interest rates at which counterparties may submit bids in variable rate tenders . Monetary financial institution ( MFI ) : one of a class of financial institutions which together form the money-issuing sector of the euro area .
Bonitetni okvir Eurosistema ( ECAF ) : sklop postopkov , pravil in tehnik , ki zagotavljajo , da so izpolnjene zahteve Eurosistema glede visokih bonitetnih standardov za vse primerno finančno premoženje . Pri oblikovanju visokih bonitetnih standardov Eurosistem razlikuje med tržnim in netržnim finančnim premoženjem .
These include central banks , resident credit institutions , as defined in Community law , and all other resident financial institutions whose business is to receive deposits and / or close substitutes for deposits from entities other than MFIs and , for their own account ( at least in economic terms ) , to grant credit and / or invest in securities . Multiple rate auction ( American auction ) : an auction at which the allotment interest rate ( or price / swap point ) equals the interest rate offered in each individual bid .
Pri oceni bonitetnega standarda primernega finančnega premoženja Eurosistem upošteva informacije o bonitetni oceni iz bonitetnih sistemov , ki pripadajo enemu od štirih virov : zunanje bonitetne institucije ( ECAI ) , interni bonitetni sistemi nacionalne centralne banke ( ICAS ) , interni bonitetni sistemi nasprotnih strank ( IRB ) ali bonitetna orodja ( RT ) zunanjih ponudnikov . Poleg tega Eurosistem pri ocenjevanju bonitetnega standarda upošteva tudi institucionalna merila in posebnosti , ki imetniku instrumenta zagotavljajo podobno zaščito , kot so npr .
National central bank ( NCB ) : as used in this document , a central bank of an EU Member State which has adopted the single currency in accordance with the Treaty .
Za določitev minimalnih zahtev glede visokih bonitetnih standardov ( „bonitetni prag ") Eurosistem uporablja referenčno vrednost , ki je enaka bonitetni oceni „single A » .
NCB business day : any day on which the national central bank of a specific Member State is open for the purpose of conducting Eurosystem monetary policy operations . In some Member States , branches of the national central bank may be closed on NCB business days owing to local or regional bank holidays .
Eurosistem obravnava verjetnost neplačila za obdobje enega leta v višini 0,10% kot enakovredno bonitetni oceni „single A » . Bonitetna orodja zunanjih ponudnikov ( RT ) : vir bonitetne ocene , opredeljen v bonitetnem okviru Eurosistema ( Eurosystem credit assessment framework , ECAF ) , ki obsega aplikacije zunanjih ponudnikov , ki se uporabljajo za ocenjevanje bonitete dolžnikov , pri čemer se poleg drugih
In such cases , the relevant national central bank is responsible for informing the counterparties in advance of the arrangements to be made for transactions involving those branches .
ECB Izvajanje denarne politike v euroobmočju November 2008 PRILOGA 2 informacij uporabljajo tudi revidirani računovodski izkazi .
Open market operation : an operation executed on the initiative of the central bank in the financial market .
Te aplikacije mora pred uvedbo v ECAF posamično odobriti Eurosistem .
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 .
Cena povratnega nakupa : v zvezi s transakcijo na podlagi repo pogodbe , cena , po kateri se kupec zaveže ponovno prodati finančno premoženje prodajalcu .
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 .
Cena povratnega nakupa je enaka seštevku nakupne cene in razlike v ceni , ki ustreza obrestim za posojeno likvidnost za obdobje do zapadlosti posla .
In addition , the issuance of debt certificates and outright transactions are available for structural operations , while foreign exchange swaps and the collection of fixed-term deposits are available for the conduct of fine-tuning operations .
Centralni register vrednostnih papirjev ( CRVP ) : subjekt , ki vodi in upravlja vrednostne papirje ali drugo finančno premoženje , vodi račune za izdajo in omogoča procesiranje transakcij v nematerializirani obliki .
Outright transaction : a transaction whereby assets are bought or sold up to their maturity ( spot or forward ) .
Finančno premoženje lahko obstaja bodisi v fizični obliki ( vendar imobilizirano v CRVP ) bodisi v nematerializirani obliki ( tj .
Pooling system : see collateral pooling system .
samo kot elektronska evidenca ) .
Post-fixed coupon : a coupon on floating rate instruments which is determined on the basis of the values taken by the reference index on a certain date ( or dates ) during the coupon accrual period .
Čezmejna poravnava : poravnava , ki se izvrši v državi , ki ni država lokacije ene ali obeh strank v poslu .
ECB The implementation of monetary policy in the euro area November 2008 APPENDIX 2 Pre-fixed coupon : a coupon on floating rate instruments which is determined on the basis of the values taken by the reference index on a certain date ( or dates ) before the start of the coupon accrual period .
Datum zapadlosti : datum , na katerega se operacija denarne politike zaključi . V primeru repo pogodbe ali valutne zamenjave je datum zapadlosti enak datumu povratnega nakupa .
Purchase date : the date on which the sale of purchased assets by the seller to the buyer becomes effective .
Datum nakupa : datum , ko prodaja kupljenega finančnega premoženja s strani prodajalca kupcu postane veljavna .
Purchase price : the price at which purchased assets are sold or are to be sold to the buyer by the seller . Quick tender : the tender procedure used by the Eurosystem for fine-tuning operations when it is deemed desirable to have a rapid impact on the liquidity situation in the market .
Datum povratnega nakupa : datum , na katerega je kupec dolžan ponovno prodati finančno premoženje prodajalcu v povezavi s transakcijo , ki je bila izvršena na podlagi repo pogodbe . Datum poravnave : datum , na katerega se transakcija poravna .
Quick tenders are normally executed within a time frame of 90 minutes and are normally restricted to a limited set of counterparties . Rating tools ( RTs ) : a credit quality assessment source provided for in the Eurosystem credit assessment framework ( ECAF ) that comprises third-party applications that assess the credit quality of debtors by using , among other information , audited accounts .
Do poravnave lahko pride na isti dan , kot se sklene posel ( poravnava istega dne ) , ali en dan ali več dni po tem ( datum poravnave je določen kot datum trgovanja ( T ) + zamik v poravnavi ) . Datum pričetka : datum , na katerega se poravna prvi del operacije denarne politike .
These applications need to be individually accepted by the Eurosystem before becoming part of the ECAF .
Datum pričetka sovpada z datumom nakupa za operacije , ki temeljijo na repo pogodbah in valutnih zamenjavah .
Repo operation : a liquidity-providing reverse transaction based on a repurchase agreement .
Datum trgovanja ( T ) : datum , na katerega se sklene posel ( tj . pogodba o finančni transakciji med dvema nasprotnima strankama ) .
Repurchase agreement : an arrangement whereby an asset is sold while the seller simultaneously obtains the right and obligation to repurchase it at a specific price on a future date or on demand .
Datum trgovanja lahko sovpada z datumom poravnave transakcije ( poravnava na isti dan ) ali pa je določeno število delovnih dni pred datumom poravnave ( datum poravnave je opredeljen kot T + zamik v poravnavi ) .
Such an agreement is similar to collateralised borrowing , with the difference that ownership of the securities is not retained by the seller .
Datum vrednotenja : datum , na katerega se vrednoti finančno premoženje za zavarovanje terjatev iz naslova posojilnih poslov .
The Eurosystem uses repurchase agreements with a fixed maturity in its reverse transactions . Repurchase date : the date on which the buyer is obliged to sell back assets to the seller in relation to a transaction under a repurchase agreement .
Dejansko število dni / 360 dni v letu : konvencija o štetju dni , ki se uporablja za izračun obresti na posojilo , po kateri se obresti izračunajo glede na dejansko število koledarskih dni , za katere je kredit odobren , in ob predpostavki leta , ki ima 360 dni . Ta konvencija o štetju dni se uporablja pri operacijah denarne politike Eurosistema .