natgillin/translations-raw huggingface dataset:
TA R G E T 2 The current structure of TARGET was decided on in 1994 and was based on the principles of minimum harmonisation and interconnection of existing infrastructures .
TARGET2 Sedanja struktura sistema TARGET je bila dogovorjena leta 1994 in je temeljila na načelih minimalne usklajenosti in medsebojne povezanosti obstoječih infrastruktur .
This was the best way of ensuring that the system would be operational from the very start of Stage Three of EMU .
To je bil najboljši način za vzpostavitev sistema , ki bi lahko začel delovati ob samem začetku tretje faze ekonomske in monetarne unije .
However , in view of increasing financial integration within the euro area and the fact that the business needs of TARGET users are becoming even more similar , preparations for a new enhanced system ( TARGET2 ) started in October 2002 .
Zaradi vse večje finančne povezanosti euroobmočja in dejstva , da imajo uporabniki sistema TARGET vse bolj podobne poslovne potrebe , pa so se oktobra 2002 začele priprave za nov in izboljšan sistem ( TARGET2 ) .
These preparations are aimed at TARGET2 starting operations in 2007 .
Po načrtih naj bi TARGET2 začel delovati leta 2007 .
The second generation of TARGET ( i ) will better meet customers » needs by providing an extensively harmonised service level , ( ii ) will help to ensure cost efficiency and ( iii ) will be prepared for swift adaptation to future developments , including the enlargement of the EU and the Eurosystem .
Druga generacija sistema TARGET ( i ) bo bolje zadovoljevala potrebe uporabnikov , ker bo nudila bolj usklajene storitve , ( ii ) bo bolj stroškovno učinkovita in ( iii ) se bo lahko zelo hitro prilagajala morebitnim spremembam , vključno s širitvijo EU in Eurosistema .
At the same time , the NCBs will remain responsible for the accounts of , and business relations with , the credit institutions .
TARGET2 bo tistim centralnim bankam , ki se bodo odločile , da se odrečejo nacionalnemu sistemu bruto poravnave v realnem času in se pridružijo sistemu Smernica ECB / 2001/3 z dne 26 . aprila 2001 o transevropskem sistemu bruto poravnave v realnem času ( TARGET ) ( UL L 140 , 24.5.2001 , str .
TARGET2 will provide for a single shared platform ( SSP ) for those central banks that decide to join it and give up their national RTGS platforms .
97 TARGET , omogočil uporabo enotne skupne platforme ( Single Shared Platform -- SSP ) .
All Eurosystem central banks will participate in TARGET2 .
V sistemu TARGET2 bodo sodelovale vse centralne banke Eurosistema .
Danmarks Nationalbank has confirmed its participation , whereas Sveriges Riksbank and the Bank of England will not connect to TARGET2 .
Udeležbo je potrdila tudi Danmarks Nationalbank , medtem ko Sveriges Riksbank in Bank of England ne bosta povezani v TARGET2 .
Central banks of some of the new EU Member States will only participate when they adopt the euro . S e t t l e m e n t a g e n t f o r p r i va t e s y s t e m s The Eurosystem also acts as settlement agent for payment systems that it does not operate itself .
Centralne banke nekaterih novih držav članic EU bodo v sistemu začele sodelovati šele , ko bodo uvedle euro .
For example , the ECB is the settlement agent for the EURO1 system operated by the Euro Banking Association ( EBA ) , and some NCBs settle for privately operated retail payment systems and securities settlement systems . The function performed by the ECB and some NCBs as settlement agents ensures that these payment systems settle in central bank money to minimise the risk of failures with critical systemic consequences for the financial system .
Poravnalni agent za zasebne sisteme Eurosistem deluje tudi kot poravnalni agent za plačilne sisteme , ki jih ne upravlja sam . Tako je na primer ECB poravnalni agent za sistem EURO1 , ki ga upravlja Bančno združenje za euro ( Euro Banking Association -- EBA ) , nekatere nacionalne centralne banke pa so agent za zasebne sisteme plačil malih vrednosti in za sisteme poravnave vrednostnih papirjev .
See ECB ( 2006 ) , Annual Report 2005 , Chapter 2 , Section 2 . 100
Naloga , ki jo opravljajo ECB in nekatere nacionalne centralne banke kot poravnalni agenti , zagotavlja , da poravnave v teh plačilnih sistemih potekajo v centralnobančnem denarju , s čimer se zmanjšuje tveganje napak s kritičnimi sistemskimi posledicami za finančni sistem .
T h e C o n t i n u o u s L i n ke d S e t t l e m e n t s y s t e m The Continuous Linked Settlement ( CLS ) system has been operating since 2002 to settle foreign exchange transactions between member banks on a payment versus payment basis in the books of the CLS Bank , which is based in New York .
Sistem CLS ( Continous Linked Settlement System ) Mednarodni poravnalni sistem za poravnavo valutnih poslov ali sistem CLS deluje od leta 2002 in je namenjen poravnavi deviznih transakcij med sodelujočimi bankami po načelu plačilo proti plačilu v poslovnih knjigah banke CLS Bank , ki ima sedež v New Yorku .
The US Federal Reserve is the main overseer of the system .
Glavni preglednik sistema je ameriška centralna banka ( US Federal Reserve ) .
The ECB provides account facilities for the CLS system and is the overseer for the euro which is the second most important currency in the CLS system .
ECB zagotavlja storitve v zvezi z računi in nastopa kot preglednik za euro , ki je druga najpomembnejša valuta v tem sistemu .
R e t a i l p ay m e n t s y s t e m s The Eurosystem 's involvement in retail payment systems is diverse .
Sistemi za plaãila malih vrednosti V sistemih za plačila malih vrednosti Eurosistem sodeluje na različne načine .
Several euro area NCBs , for example the Banca d' Italia , the Nationale Bank van België / Banque Nationale de Belgique and the Deutsche Bundesbank , have a long tradition of operating in retail payment systems .
Nekatere nacionalne centralne banke , na primer Banca d' Italia , Nationale Bank van Belgieë / Banque Nationale de Belgique in Deutsche Bundesbank , imajo dolgo tradicijo pri upravljanju sistemov plačil malih vrednosti .
They offer neutral and open networks in which banks can participate , irrespective of the size of their business .
Zagotavljajo nevtralna in odprta omrežja , v katerih lahko banke sodelujejo ne glede na obseg svojega poslovanja .
The degree of Eurosystem involvement in retail payment systems will largely depend on the efforts of the banking sector to provide an efficient retail payments infrastructure for the euro in the future .
Stopnja udeleženosti Eurosistema v teh plačilnih sistemih bo v veliki meri odvisna od prizadevanj bančnega sektorja , da v prihodnosti zagotovi učinkovito infrastrukturo za plačila malih vrednost v eurih .
T h e c o r re s p o n d e n t c e n t r a l b a n k i n g m o d e l In the absence of adequate market facilities for the cross-border mobilisation of assets throughout the euro area , the Eurosystem has set up a correspondent central banking model ( CCBM ) for its own operations .
Korespondenãni centralnobanãni model V odsotnosti ustreznih tržnih zmogljivosti za čezmejno mobilizacijo sredstev v celotnem euroobmočju je Eurosistem za lastne operacije vzpostavil korespondenčni centralnobančni model ( Correspondent Central Banking Model -- CCBM ) .
This system ensures that all payment system participants and monetary counterparties are able to provide collateral for Eurosystem credit operations , irrespective of where the collateral is located .
Ta vsem udeležencem v plačilnih sistemih in nasprotnim strankam denarne politike omogoča , da zagotovijo primerno zavarovanje za kreditne operacije Eurosistema ne glede na to , kje se zavarovanje nahaja .
To this end , each NCB acts as a custodian for the other NCBs .
V ta namen vsaka nacionalna centralna banka nastopa kot skrbnica za ustrezno drugo nacionalno centralno banko .
The CCBM was developed as an interim solution , until such time as the market developed alternatives , and was not intended to compete with market initiatives to provide cross-border services for market operations .
CCBM je začasna rešitev , dokler se na trgu ne pojavijo ustrezne alternative , in ne želi konkurirati tržnim pobudam na področju čezmejnih storitev za tržne operacije .
Central securities depository activities Eurosystem NCBs have traditionally played an operational role in the settlement of securities .
Dejavnosti centralnega depozitarja vrednostnih papirjev Nacionalne centralne banke Eurosistema so pri poravnavi vrednostnih papirjev tradicionalno imele operativno vlogo .
Although various tasks have now been transferred to private entities , some of the NCBs still act as a central securities depository ( CSD ) or registrar for some government and other securities .
Čeprav so bile različne naloge prenesene na zasebne subjekte , nekatere nacionalne centralne banke še vedno nastopajo kot centralni depozitar ali registrski organ za nekatere državne ali druge vrednostne papirje .
3 . 2 O ve r s i g h t o f p ay m e n t a n d s e c u r i t i e s s e t t l e m e n t s y s t e m s Payment systems oversight sets standards for the security of payment systems and ensures that they are applied correctly .
3.3.2 Pregled nad delovanjem plaãilnih sistemov in sistemov poravnave vrednostnih papirjev Pregled nad delovanjem plačilnih sistemov določa standarde za varnost teh sistemov in skrbi za to , da se ti pravilno izvajajo .
Based on a combination of moral suasion and regulatory pressure , the main purpose of oversight is to protect the functioning of the payment systems .
Glavni namen pregleda nad delovanjem sistemov , ki temelji na kombinaciji moralnega prepričevanja in zakonske moči , je zaščititi delovanje plačilnih sistemov .
Oversight is therefore different from banking supervision .
Pregled nad delovanjem sistemov se zato razlikuje od bančnega nadzora .
Banking supervision involves monitoring individual banks or financial institutions with a view to ensuring their financial stability and , primarily , to protect depositors and bank customers . 101
Slednji vključuje nadzor posameznih bank ali finančnih institucij , s čimer je zagotovljena njihova finančna stabilnost ter predvsem zaščita imetnikov vlog in bančnih komitentov .
Since 1999 payment systems oversight has been a shared responsibility between the ECB and the euro area NCBs .
Od leta 1999 so za pregled nad delovanjem plačilnih sistemov skupaj odgovorne ECB in nacionalne centralne banke euroobmočja .
The ECB is the overseer of European wide large-value payment systems ( including TARGET ) whereas the NCBs oversee the respective domestic systems .
ECB je preglednik za sisteme plačil velikih vrednosti v EU ( vključno s sistemom TARGET ) , nacionalne centralne banke pa izvajajo pregled nad delovanjem ustreznih domačih sistemov .
Oversight is performed in line with the safety and efficiency standards which have been set by the ECB for payment systems operating in euro .
Pregled nad delovanjem se izvaja v skladu s standardi varnosti in učinkovitosti , ki jih je ECB sprejela za plačilne sisteme , ki delujejo v eurih .
In February 2001 the ECB took over the « Core Principles for Systemically Important Payment Systems " 14 , which had been drawn up in January 2001 by the G10 Committee on Payment and Settlement Systems ( CPSS ) .
Februarja 2001 je ECB prevzela „Temeljna načela za sistemsko pomembne plačilne sisteme " 14 , ki jih je januarja 2001 oblikoval Odbor skupine G10 za plačilne in poravnalne sisteme ( CPSS ) 15 .
15 These now form part of the set of standards that the ECB and the Eurosystem NCBs use for monitoring large-value euro payment systems .
Ti so zdaj sestavni del sklopa standardov , ki jih ECB in nacionalne centralne banke Eurosistema uporabljajo za spremljanje sistemov za plačila velikih vrednosti .
As far as the oversight of securities clearing and settlement systems is concerned , the powers of the Eurosystem are less explicit and exclusive .
Pooblastila Eurosistema so manj izrecna in izključna pri pregledu nad delovanjem sistemov kliringa in poravnave poslov z vrednostnimi papirji .
However , since 2001 , the ESCB and the Committee of European Securities Regulators ( CESR ) cooperate closely on securities clearing and settlement systems .
Kljub temu ESCB in Odbor evropskih zakonodajalcev za vrednostne papirje ( Committee of European Securities Regulators -- CESR ) na tem področju tesno sodelujeta od leta 2001 .
A joint working group , composed of a representative of each central bank of the ESCB and from each securities regulator from the CESR , has developed European standards for clearing and settlement , based on the recommendations of the CPSS and the International Organization of Securities Commissions ( IOSCO ) .
Skupna delovna skupina , ki jo sestavljajo predstavniki vseh centralnih bank in ESCB ter vseh zakonodajalcev iz odbora CESR , je na osnovi priporočil Odbora za plačilne in poravnalne sisteme ( CPSS ) in Mednarodne organizacije komisij za vrednostne papirje ( International Organisation of Securities Commissions -- IOSCO ) razvila evropske standarde za kliring in poravnavo .
These ESCBCESR standards aim at increasing the safety , soundness and efficiency of securities clearing and settlement systems in the European Union and also take into account the need to remove the barriers to efficient cross-border clearing and settlement processes within this area .
Namen standardov ESCB-CESR je povečati varnost , zanesljivost in učinkovitost sistemov kliringa in poravnave poslov z vrednostnimi papirji v Evropski uniji ter hkrati prispevati k odpravi ovir za učinkovit čezmejni kliring in poravnavo poslov v tem območju .
The Eurosystem also encourages the market to think about future challenges and devise possible solutions . The Eurosystem provides a forum for discussion with market participants -- through bilateral or multilateral meetings , presentations , speeches and publications -- with a view to paving the way for further enhancements to payment systems and new infrastructure developments .
43 , Temeljna načela za sistemsko pomembne plačilne sisteme ( Core Principles for Systemically Important Payment Systems ) , ki jih je januarja 2001 objavila Banka za mednarodne poravnave ( BIS ) . 15 CPSS je stalni odbor , ki so ga ustanovili guvernerji centralnih bank skupine držav G10 in ima sedež v Banki za mednarodne poravnave ( BIS ) ( glej razdelek 5.4 ) .
In the field of securities settlement systems , the ECB closely monitors the consolidation process , pursuing a policy line that fosters efficiency , particularly in cross-border transfers of securities throughout the euro area . 3 .
Eurostistem poleg tega spodbuja trge , da razmišljajo o prihodnjih izzivih in pripravijo možne rešitve zanje . Z dvostranskimi ali večstranskimi sestanki , predstavitvami , govori in publikacijami Eurosistem zagotavlja forum za razpravo s tržnimi udeleženci in tako prispeva k nadaljnjemu razvoju in posodabljanju plačilnih sistemov in infrastruktur .
4 E U RO B A N K N OT E S A N D C O I N S Under Article 106 of the EC Treaty and Article 16 of the Statute of the ESCB , the Governing Council of the ECB has the exclusive right to authorise the issue of banknotes within the euro area . The ECB and the NCBs are the only institutions that are entitled to actually issue legal tender banknotes in the euro area .
ECB pozorno spremlja proces konsolidacije na področju sistemov poravnave vrednostnih papirjev , pri čemer sledi politiki , ki krepi učinkovitost predvsem čezmejnih prenosov vrednostnih papirjev v euroobmočju . 3.4 EUROBANKOVCI IN EUROKOVANCI V skladu s členom 106 Pogodbe ES in členom 16 Statuta ESCB ima Svet ECB izključno pravico , da odobri izdajanje bankovcev v euroobmočju .
Under Article 106 ( 2 ) of the Treaty , the issuing rights of the euro area countries have been limited to coins , « subject to approval by the ECB of the volume of the issue » . CPSS Publications No 43 , Core Principles for Systemically Important Payment Systems , published by the BIS in January 2001 .
ECB in nacionalne centralne banke so edine institucije , ki imajo pravico , da dejansko izdajajo bankovce , ki so zakonito plačilno sredstvo v euroobmočju . V skladu s členom 106 ( 2 ) Pogodbe so izdajateljske pravice držav članic euroobmočja omejene na kovance „pod pogojem , da jim ECB odobri obseg emisije » .
102 I s s u i n g m o d a l i t i e s f o r e u ro b a n k n o t e s Between 1999 and 2002 , in the absence of euro-denominated banknotes , national banknotes in the legacy currencies were the only legal tender banknotes in the euro area .
Naãini izdaje eurobankovcev Med letoma 1999 in 2002 so bili v odsotnosti bankovcev , ki se glasijo na euro , edino zakonito plačilno sredstvo v euroobmočju bankovci nacionalnih valut .
They were issued by the NCBs under the authorisation granted by the Governing Council of the ECB , but in contrast to the subsequent regime for euro banknotes , each NCB issued its national banknotes for its own account and benefit .
Izdajale so jih nacionalne centralne banke po odobritvi Sveta ECB , vendar je v nasprotju s poznejšo ureditvijo za eurobankovce vsaka nacionalna centralna banka nacionalne bankovce izdajala za svoj račun in v lastno korist .
Since 1 January 2002 , the NCBs and the ECB have issued euro banknotes on a joint basis .
januarja 2002 nacionalne centralne banke in ECB skupaj izdajajo eurobankovce .
Unlike the national banknotes in the legacy currencies , euro banknotes do not show which central bank issued them .
Za razliko od bankovcev nacionalnih valut , predhodnic eura , pa na eurobankovcih ni označeno , katera centralna banka jih je izdala .
Eurosystem NCBs are required to accept euro banknotes put into circulation by other Eurosystem members and these banknotes are not repatriated .
Nacionalne centralne banke Eurosistema morajo sprejeti eurobankovce , ki so jih v obtok dale druge članice Eurosistema , ti bankovci pa se ne vračajo v državo izdaje .
However , although they may be considered to represent an obligation of the Eurosystem as a whole , it is necessary for the central banks to act as the legal issuers because the Eurosystem has no legal personality .
Kljub temu , da je bankovce mogoče razumeti kot obveznost Eurosistema kot celote , je nujno , da centralne banke nastopajo kot zakoniti izdajatelji , saj Eurosistem nima pravne osebnosti .
The ECB issues 8 % of the total value of banknotes issued by the Eurosystem .
ECB izda 8 % celotne vrednosti bankovcev , ki jih izda Eurosistem .
Given that the solidarity scheme involves all members of the Eurosystem , the ECB acts as one of the legal issuers and therefore shows these banknotes in its balance sheet .
Ker solidarnostna shema vključuje vse članice Eurosistema , ECB nastopa kot ena od zakonitih izdajateljic in zato te bankovce izkazuje v svoji bilanci stanja .
In practice , the ECB 's banknotes are put into circulation by the NCBs , thereby incurring matching liabilities vis-à-vis the ECB .
V praksi bankovce ECB v obtok dajejo nacionalne centralne banke , s čimer nastanejo enakovredne obveznosti do ECB .
These liabilities carry interest at the main refinancing rate of the ECB ( see Section 3.8.1 ) .
Te obveznosti se obrestujejo po obrestni meri za glavno refinanciranje ECB ( glej razdelek 3.8.1 ) .
The other 92 % of the euro banknotes are issued by the NCBs in proportion to their respective shares in the capital key of the ECB .
Preostalih 92 % eurobankovcev izdajo nacionalne centralne banke glede na svoj delež v kapitalskem ključu ECB .
The difference between each NCB 's share of total banknotes in circulation and the amount of banknotes it has actually put into circulation is established each month and recorded as an interestbearing intra-Eurosystem claim or liability .
Razlika med deležem , ki ga ima vsaka nacionalna centralna banka v skupnem obsegu bankovcev v obtoku , in številom bankovcev , ki jih je ta banka dejansko dala v obtok , se izračuna vsak mesec in zabeleži kot obrestovana terjatev ali obveznost znotraj Eurosistema16 .
16 Allocating the issue of euro banknotes among NCBs in this way avoids the presentational effects of « banknote migration » on the NCBs » balance sheets in the Eurosystem 's multi-issuer scheme with full fungibility of all euro banknotes .
16 Nacionalna centralna banka , ki v obtok da več bankovcev kot je njen delež v kapitalskem ključu , dobi obrestovano terjatev do ostalega Eurosistema , in obratno .
Otherwise , banknote migration , i.e. cash taken from one euro area country to another , could have caused the banknotes in circulation figure of one central bank to increase at the expense of another .
S takšnim načinom dodeljevanja izdaje eurobankovcev posameznim nacionalnim centralnim bankam se je mogoče izogniti evidentiranju „migracije bankovcev » v bilanci stanja teh bank , saj večizdajateljski sistem Eurosistema izhaja iz popolne zamenljivosti vseh eurobankovcev . V nasprotnem primeru bi se zaradi migracije bankovcev , tj .
This in turn could have had marked effects on their respective balance sheets and could have resulted in substantial erosion of a net receiving central bank 's balance sheet over time .
prenesene gotovine iz ene države euroobmočja v drugo , podatek ene centralne banke o obsegu bankovcev v obtoku povečal na račun druge centralne banke .
The total banknote issue of the Eurosystem ( net of the above intra-Eurosystem balances ) is published each week by the ECB in a consolidated financial statement . Currently , euro banknotes in circulation total well over Euros 500 billion , of which it is estimated that non-residents of the euro area hold a significant share .
To bi lahko imelo opazne posledice v bilanci stanja obeh centralnih bank in sčasoma povzročilo precejšnjo erozijo bilance stanja centralne banke , ki je neto prejemnica . Skupni obseg izdanih bankovcev v Eurosistemu ( neto brez opisanih stanj znotraj Eurosistema ) vsak teden objavlja ECB v svojem konsolidiranem računovodskem izkazu .
16 An NCB which puts more banknotes into circulation than its share in the capital key incurs an interest bearing liability vis-à-vis the rest of the Eurosystem and vice versa .
Trenutno je vrednost bankovcev v obtoku precej nad 500 milijard EUR , od česar imajo po ocenah velik delež nerezidenti euroobmočja .
103 B ox 1 5 F ro m d e s i g n t o c i rc u l a t i o n : p re p a r i n g t h e e u ro b a n k n o t e s a n d c o i n s The successful launch of the euro banknotes and coins on 1 January 2002 was the culmination of long and detailed preparations that had started in the early 1990s .
Okvir 15 Od oblikovanja do obtoka : priprava eurobankovcev in eurokovancev Uspešna uvedba eurobankovcev in eurokovancev 1 . januarja 2002 je predstavljala vrhunec dolgih in podrobnih priprav , ki so se začele že v začetku 90 .
E u ro b a n k n o t e s Work on the first series of euro banknotes was carried out by the EMI , as part of its preparatory work for Stage Three of EMU , and finalised by the ECB .
Eurobankovci Glavnino dela za prvo serijo eurobankovcev je v okviru priprav na tretjo fazo ekonomske in monetarne unije opravil Evropski monetarni inštitut ( EMI ) , zaključila pa ga je ECB .
The preliminary work had actually started in 1992 under the auspices of the Committee of Governors .
Pripravljalna dela so se dejansko začela že leta 1992 pod pokroviteljstvom Odbora guvernerjev .
The long lead times for banknote production had led the Committee to set up a Working Group on the Printing and Issuing of a European Banknote ( BNWG ) comprising chief cashiers and general managers of the NCB printing works .
Zaradi dolgotrajnosti postopka proizvodnje bankovcev je odbor ustanovil Delovno skupino za tiskanje in izdajo evropskega bankovca ( Working Group on the Printing and Issuing of a European Banknote -- BNWG ) , ki so jo sestavljali glavni blagajniki in direktorji tiskarn nacionalnih centralnih bank .