natgillin/translations-raw huggingface dataset:
The General Council can be regarded as a « transitional body » since it carries out the tasks , taken over from the European Monetary Institute , which the ECB is required to perform in Stage Three of Economic and Monetary Union ( EMU ) because some EU Member States have not adopted the euro .
Raz &scaron; irjeni svet si lahko predstavljamo kot » prehodni organ «, saj izvaja naloge , ki jih je ECB prevzela od Evropskega monetarnega in &scaron; tituta in jih mora izvajati v tretji fazi ekonomske in monetarne unije ( EMU ) , ker nekatere države članice &scaron; e niso uvedle eura .
The General Council is primarily responsible for
Raz &scaron; irjeni svet je predvsem pristojen , da :
reporting on the progress made towards convergence by EU Member States which have not yet adopted the euro ;
poroča , kako so pri doseganju konvergence napredovale države članice EU , ki &scaron; e niso uvedle eura ;
giving advice on the preparations necessary for irrevocably fixing the exchange rates of those Member States ;
daje nasvete glede priprav , ki so potrebne za nepreklicno določitev deviznih tečajev teh držav članic ;
monitoring the functioning of the Exchange Rate Mechanism II ( ERM II ) and the sustainability of bilateral exchange rate relations between each participating non-euro area currency and the euro ;
nadzoruje delovanje mehanizma deviznih tečajev II ( ERM II ) in vzdržnost dvostranskih deviznih tečajev med valutami držav članic zunaj euroobmočja in eurom ;
serving as a forum for monetary and exchange rate policy coordination in the EU ;
predstavlja forum za usklajevanje denarnih in tečajnih politik v EU ;
the administration of the intervention and financing mechanism of ERM II ;
upravlja mehanizem za intervencijo in financiranje ERM II ;
contributing to particular activities , such as the ECB 's advisory functions , and
sodeluje pri določenih dejavnostih , kot so npr . svetovalne funkcije ECB , in
the collection of statistical information .
zbira statistične podatke .
Moreover , the General Council is also consulted inter alia on changes to the rules on accounting and financial reporting , the determination of the ECB 's capital key and the conditions of employment of ECB staff .
Mnenje Raz &scaron; irjenega sveta se med drugim upo &scaron; teva pri spremembah pravil o računovodstvu in finančnem poročanju , določanju kapitalskega ključa ECB in pogojih za zaposlitev osebja ECB .
For an up-to-date list of members including pictures , see www.ecb.europa.eu/ecb/orga/decisions/genc
Najnovej &scaron; i seznam članov vključno s sliko je na voljo na spletni strani www.ecb.europa.eu/ecb/orga/decisions/genc/html/index.sl.html .
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8 October 2008 - Monetary policy decisions
8 . oktober 2008 - Sklepi o denarni politiki
Throughout the current financial crisis , central banks have engaged in continuous close consultation and have cooperated in unprecedented joint actions such as the provision of liquidity to reduce strains in financial markets .
V sedanji finančni krizi so se centralne banke ves čas medsebojno temeljito posvetovale in sodelovale pri doslej najobsežnejših skupnih ukrepih , kot je zagotavljanje likvidnosti za zmanjšanje napetosti na finančnih trgih .
Inflationary pressures have started to moderate in a number of countries , partly reflecting a marked decline in energy and other commodity prices .
Inflacijski pritiski so se v številnih državah začeli umirjati , kar je deloma posledica opaznega znižanja cen energentov in drugih primarnih surovin .
Inflation expectations are diminishing and remain anchored to price stability .
Inflacijska pričakovanja se zmanjšujejo in ostajajo zasidrana na ravni , ki je skladna s cenovno stabilnostjo .
The recent intensification of the financial crisis has augmented the downside risks to growth and thus has diminished further the upside risks to price stability .
Zaradi nedavne okrepitve finančne krize so se povečala tveganja upočasnitve rasti , ob tem pa so se dodatno zmanjšala tudi tveganja za stabilnost cen .
Some easing of global monetary conditions is therefore warranted .
Zaradi tega je sprostitev svetovnih denarnih pogojev upravičena .
Accordingly , the Bank of Canada , the Bank of England , the European Central Bank ( ECB ) , the Federal Reserve , Sveriges Riksbank and the Swiss National Bank are today announcing reductions in policy interest rates .
Tako so centralne banke Bank of Canada , Bank of England , Evropska centralna banka ( ECB ) , Federal Reserve , Sveriges Riksbank in Swiss National Bank danes najavile znižanje ključnih obrestnih mer .
The Bank of Japan expresses its strong support of these policy actions .
Centralna banka Bank of Japan pa je izrazila veliko podporo takšnim ukrepom denarne politike .
The Governing Council of the ECB , by means of teleconferencing , has taken the following monetary policy decisions :
Svet ECB je prek telekonference sprejel naslednje sklepe o denarni politiki .
The minimum bid rate on the main refinancing operations of the Eurosystem will be reduced by 50 basis points to 3.75 %, with effect from the main refinancing operation to be settled on 15 October 2008 .
Izklicna obrestna mera za operacije glavnega refinanciranja Eurosistema se zmanjša za 50 bazičnih točk na 3,75% in začne veljati z operacijo glavnega refinanciranja , ki bo poravnava 15 . oktobra 2008 .
The interest rate on the marginal lending facility will be reduced by 50 basis points to 4.75 %, with immediate effect .
Obrestna mera za odprto ponudbo mejnega posojila se zmanjša za 50 bazičnih točk na 4,75% in začne veljati takoj .
The interest rate on the deposit facility will be reduced by 50 basis points to 2.75 %, with immediate effect .
Obrestna mera za odprto ponudbo mejnega depozita se zmanjša za 50 bazičnih točk na 2,75% in začne veljati takoj .
In the euro area , upside inflationary risks have recently decreased further .
Inflacijski pritiski v euroobmočju so se v zadnjem obdobju dodatno zmanjšali .
It remains imperative to avoid broad-based second-round effects in price and wage-setting .
Še naprej je nujno preprečiti obsežnejše sekundarne učinke pri oblikovanju cen in plač .
Keeping inflation expectations firmly anchored in line with our objective and securing price stability in the medium term will support sustainable growth and employment and contribute to financial stability .
Trdno zasidranje inflacijskih pričakovanj na ravni , ki je skladna z našim ciljem , in zagotavljanje stabilnosti cen v srednjeročnem obdobju bo podprlo vzdržno rast in zaposlenost ter prispevalo k finančni stabilnosti .
Information on the actions taken by the other central banks is available at the following websites :
Informacije o ukrepih , ki so jih sprejele druge centralne banke , so na voljo na spodnjih spletnih straneh :
http://www.ecb.europa.eu/press/pr/date/2008/html/pr081008.en.html
http://www.ecb.europa.eu/press/pr/date/2008/html/pr081008.sl.html
Navigation Path : Home &gt; The European Central Bank &gt; Legal framework &gt; All by date &gt; All years &gt; CON / 2005/30
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CORRESPONDENT CENTRAL BANKING MODEL ( CCBM ) M AY 2 0 0 5
KO R E S P O N D E N Č N I C E N T R A L N O B A N Č N I M O D E L ( CC B M ) MAJ 2005
P RO C E D U R E S F O R E U RO S Y S T E M C O U N T E R PA R T I E S
P OS TO P K I Z A N A S P ROT N E S T R A N K E V E U ROS I S T E M U
CORRESPONDENT CENTRAL BANKING MODEL ( CCBM ) MAY 2005
KORESPONDENČNI CENTRALNOBANČNI MODEL ( CCBM ) MAJ 2005
PROCEDURES FOR EUROSYSTEM COUNTERPARTIES In 2005 all ECB publications will feature a motif taken from the Euros 50 banknote .
POSTOPKI ZA NASPROTNE STRANKE V EUROSISTEMU V letu 2005 bo na publikacijah ECB motiv z bankovca za 50 eurov .
© European Central Bank , 2005 Address Kaiserstrasse 29 60311 Frankfurt am Main Germany Postal address Postfach 16 03 19 60066 Frankfurt am Main Germany Telephone + 49 69 1344 0 Internet http://www.ecb.int Fax + 49 69 1344 6000 Telex 411 144 ecb d All rights reserved .
© Evropska centralna banka , 2005 Naslov Kaiserstrasse 29 D-60311 Frankfurt na Majni Nemčija Poštni naslov Postfach 16 03 19 D-60066 Frankfurt na Majni Nemčija Telefon + 49 69 1344 0 Internet http://www.ecb.int Faks + 49 69 1344 6000 Teleks 411 144 ecb d Vse pravice so pridržane .
Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged .
Razmnoževanje v izobraževalne in nekomercialne namene je dovoljeno ob navedbi vira .
ISSN 1830-3811 ( print ) ISSN 1830-382X ( online )
ISSN 1830-3811 ( tiskana izdaja ) ISSN 1830-382X ( spletna izdaja )
CONTENTS INTRODUCTION 1 HOW THE CCBM WORKS 1.1 Using the CCBM 1.2 CCBM operating time 1.3 Which NCB is the CCB ?
KAZ ALO UVOD 1 KAKO CCBM DELUJE 1.1 Uporaba CCBM 1.2 Čas delovanja CCBM 1.3 Katera NCB je korespondenčna centralna banka ?
2 CCBM VARIANTS FOR NON-MARKETABLE TIER TWO ASSETS 9 2.1 Transfer of ownership to the CCB 10 2.2 Transfer of ownership to or pledge in favour of the HCB 10 3 LEGAL FRAMEWORK 4 PRICING 5 STATISTICS ON THE USE OF CROSS-BORDER COLLATERAL ANNEX 1 SUMMARY OF LEGAL INSTRUMENTS USED IN THE EU ANNEX 2 TRANSFER OF OWNERSHIP TO OR PLEDGE IN FAVOUR OF THE HCB ( NON-MARKETABLE TIER TWO ASSETS ) ANNEX 3 TRANSFER OF FULL TITLE TO THE CCB FOR ITS OWN ACCOUNT ( NON-MARKETABLE TIER TWO ASSETS ) The French variant The Irish variant The Dutch variant ANNEX 4 TABLE OF TYPES OF FOREIGN SECURITIES HELD IN SSSs AS OF APRIL 2005 ANNEX 5 CCBM TECHNICALITIES 10 11
3 PRAVNI OKVIR 4 CENIK 5 STATISTIČNI PODATKI O UPORABI ČEZMEJNEGA ZAVAROVANJA PRILOGA 1 POVZETEK PRAVNIH INSTRUMENTOV , KI SE UPORABLJAJO V EU PRILOGA 2 PRENOS LASTNIŠTVA OZ . ZASTAVA V KORIST DOMAČE CENTRALNE BANKE ( NETRŽNO FINANČNO PREMOŽENJE Z LISTE 2 ) PRILOGA 3 PRENOS CELOTNE LASTNINSKE PRAVICE NA RAČUN KORESPONDENČNE CENTRALNE BANKE ( NETRŽNO FINANČNO PREMOŽENJE Z LISTE 2 ) Francoska različica Irska različica Nizozemska različica
ECB Correspondent central banking model ( CCBM ) May 2005
ECB Korespondenčni centralnobančni model ( CCBM ) maj 2005
INTRODUCTION At the beginning of Stage Three of EMU , the Eurosystem introduced the correspondent central banking model ( CCBM ) in order to ensure that all assets eligible for use either in monetary policy operations or to obtain liquidity in TARGET were available to all its counterparties , regardless of where the assets or the counterparty were situated .
UVOD Na začetku tretje faze ekonomske in monetarne unije ( EMU ) je Eurosistem uvedel korespondenčni centralnobančni model ( correspondent central banking model -- CCBM ) , katerega namen je zagotoviti , da je vse finančno premoženje , ustrezno za uporabo v operacijah denarne politike ali za pridobivanje likvidnosti v sistemu TARGET , na voljo vsem nasprotnim strankam , ne glede na to , kje v Eurosistemu se to premoženje ali nasprotna stranka nahajata .
Since the implementation of the CCBM in January 1999 , the Eurosystem has made efforts to improve the model 's service level .
Vse od uvedbe CCBM januarja 1999 si Eurosistem prizadeva izboljšati raven storitev modela .
Despite these efforts , however , the central banks of the Eurosystem still favour the development of market solutions for the crossborder use of collateral .
Kljub tem prizadevanjem pa centralne banke Eurosistema pri uporabi čezmejnega zavarovanja še vedno dajejo prednost razvoju tržnih rešitev 1 .
1 The CCBM is indeed a medium-term solution designed to facilitate the cross-border use of collateral until adequate market solutions become available throughout the euro area / European Union .
CCBM je pravzaprav srednjeročna rešitev , ki naj bi omogočala uporabo čezmejnega zavarovanja , dokler ne bodo tržne rešitve dostopne celotnemu euroobmočju / Evropski uniji .
The securities settlement industry in Europe has recently been subject to an intensive integration process , whose benefits it will be able to fully exploit in the medium to long term .
V Evropi so na področju poravnave poslov z vrednostnimi papirji v zadnjem času potekali intenzivni integracijski procesi , katerih prednosti bo mogoče v celoti izkoristiti šele na srednji in dolgi rok .
Moreover , links between security settlement systems ( SSSs ) in different countries have been established for some time .
Poleg tega so že nekaj časa vzpostavljene povezave ( links ) med sistemi poravnave poslov z vrednostnimi papirji ( securities settlement systems -- SSS ) v različnih državah .
Where the Governing Council of the European Central Bank ( ECB ) has deemed these links eligible for use in Eurosystem credit operations , they represent a valid alternative to the CCBM .
Povezave , za katere je Svet Evropske centralne banke ( ECB ) presodil , da so ustrezne za uporabo v kreditnih operacijah Eurosistema , predstavljajo ustrezno alternativo modelu CCBM .
This brochure addresses the Eurosystem 's counterparties and other market participants involved in CCBM procedures .
Ta brošura je namenjena nasprotnim strankam Eurosistema in drugim udeležencem na trgu , ki sodelujejo v postopkih CCBM .
It gives a general outline of how the CCBM works and of its main features .
Podaja splošen opis delovanja modela CCBM in njegove glavne lastnosti 2 .
2 Eurosystem counterparties may obtain further detailed information from the national central banks ( NCBs ) of the Eurosystem .
Nasprotne stranke Eurosistema lahko bolj podrobne informacije dobijo pri nacionalnih centralnih bankah ( NCB ) Eurosistema .
1 Such arrangements will be used by the Eurosystem for monetary policy purposes and by the central banks of the EU for intraday credit operations in TARGET , provided that : -- they meet the requirements set out in the report entitled « Standards for the use of securities settlement systems in the ESCB credit operations » , published by the European Monetary Institute ( EMI ) in January 1998 ;
1 Takšne rešitve bo Eurosistem uporabljal za namene denarne politike , centralne banke EU pa za posojila za čez dan v eurih v sistemu TARGET , če : -- izpolnjujejo zahteve iz dokumenta „Standards for the use of securities settlement systems in the ESCB credit operations » , ki ga je januarja 1998 objavil Evropski monetarni inštitut ( EMI ) in -- so skladne z drugimi operativnimi zahtevami , ki izhajajo iz izvajanja denarne politike ( npr .
and -- they comply with other operating requirements which stem from monetary policy operations ( i.e. some functions that are carried out by the correspondent central bank may need to be carried out by another entity , depending on the solution proposed ) .
nekatere naloge , ki jih izvaja korespondenčna centralna banka , bo moral glede na predlagano rešitev opravljati drug subjekt ) .
2 The CCBM is also available to counterparties of Danmarks Nationalbank , Sveriges Riksbank and the Bank of England .
2 Model CCBM je na voljo tudi nasprotnim strankam Bank of England , Danmarks Nationalbank in Sveriges Riksbank .
These counterparties should contact their local central bank for a description of the procedures governing the use of the CCBM in their country as such procedures might differ slightly from those described in this document .
Te nasprotne stranke naj se za opis postopkov za uporabo CCBM v njihovi državi obrnejo na svojo lokalno centralno banko , ker se lahko postopki nekoliko razlikujejo od teh , opisanih v brošuri .
HOW THE CCBM WORKS
KAKO CCBM DELUJE
Counterparties to the monetary policy operations of the Eurosystem and participants in TARGET can only obtain credit from the central bank of the country in which they are based -- their home central bank ( HCB ) .
Nasprotne stranke , udeležene v operacijah denarne politike Eurosistema , in udeleženci sistema TARGET lahko pridobijo posojilo le od centralne banke države , kjer imajo sedež -- svoje domače centralne banke ( home central bank -- HCB ) .
However , through the CCBM , they can use collateral issued ( i.e. registered or deposited ) in other countries . To do so , they must arrange
Prek modela CCBM pa lahko kot zavarovanje uporabijo finančno premoženje , ki je izdano ( tj . vpisano ali deponirano ) v drugih državah .
with the « issuing » SSS ( i.e. the SSS in which the securities have been issued and deposited ) for the collateral to be transferred to an account maintained by the local NCB , in general the central bank of the country where the SSS is located .
poravnave poslov z vrednostnimi papirji , v katerem so bili vrednostni papirji izdani in deponirani , urediti prenos finančnega premoženja na račun lokalne NCB , ki je običajno centralna banka države , kjer se SSS nahaja .
The local NCB will then hold the collateral on behalf of the central bank granting the credit ( the HCB ) and thus act as a correspondent central bank ( CCB ) .
Korespondenčna NCB nato drži zavarovanje v imenu centralne banke , ki odobri posojilo ( domača centralna banka ) in tako deluje kot korespondenčna centralna banka ( correspondent central bank -- CCB ) .
Example A Spanish bank wishes to obtain credit from the Banco de España ( the Spanish central bank ) on the basis of collateral that it holds in the Italian central securities depository ( Monte Titoli ) .
Španska banka želi pridobiti posojilo od Banco de España ( centralne banke Španije ) na podlagi svojega finančnega premoženja , ki je vknjiženo pri italijanski centralni depotni družbi ( central securities depository -- CSD ) , Monte Titoli .
Step 1 -- The Spanish bank contacts the Banco de España ( the HCB ) , requesting the credit and stating that it intends to use the CCBM to mobilise collateral that it holds in Italy .
1 . korak -- Španska banka vzpostavi stik z Banco de España ( domačo centralno banko ) , zaprosi za posojilo in navede , da namerava uporabiti CCBM na podlagi finančnega premoženja , ki je locirano v Italiji .
Step 2 -- On the basis of the information provided by the counterparty , the Banco de España sends a CCBM message to the Banca d' Italia ( the Italian central bank ) requesting that it receive Italian securities from the counterparty on its behalf .
korak -- Na podlagi informacij nasprotne stranke Banco de España pošlje sporočilo CCBM italijanski centralni banki Banca d' Italia in jo zaprosi , naj v njenem imenu sprejme italijanske vrednostne papirje nasprotne stranke .
At the same time , the counterparty issues instructions for the collateral to be transferred ( or instructs its custodian in Italy to transfer it ) to an account managed by the Banca d' Italia at Monte Titoli .
Hkrati nasprotna stranka izda navodila za prenos vrednostnih papirjev ( ali opravi prenos prek svojega skrbnika v Italiji ) na račun , ki ga Banca d' Italia vodi pri Monte Titoli .
In this example , therefore , the Banca d' Italia acts as the CCB for the Banco de España , the HCB .
V tem primeru torej Banca d' Italia deluje kot korespondenčna centralna banka za domačo centralno banko Banco de España .
Step 3 -- Once the Banca d' Italia has received the Banco de España 's CCBM message , it takes all the necessary action to ensure that the collateral arrives at its account at Monte Titoli ( e.g. matching ) .
3 . korak -- Ko Banca d' Italia prejme sporočilo CCBM španske Banco de España , poskrbi za to , da se vrednostni papirji prenesejo na njen račun pri Monte Titoli ( opravi npr .
In the meantime the counterparty ( or its custodians ) delivers the collateral to the Banca d' Italia account according to Monte Titoli 's delivery procedures .
primerjalno preverjanje ) . Medtem nasprotna stranka ( ali njen skrbnik ) v skladu s pravili delovanja Monte Titoli dostavi vrednostne papirje na račun italijanske Banca d' Italia .
Step 4 -- If settlement is successful , Monte Titoli sends a confirmation message to the Banca d' Italia .
korak -- Če je poravnava uspešna , Monte Titoli pošlje sporočilo o potrditvi italijanski Banca d' Italia .
Step 5 -- As soon as the Banca d' Italia receives the confirmation message from Monte Titoli it carries out certain internal procedures ( for example finding the price of the assets ) .
5 . korak -- Takoj ko Banca d' Italia prejme sporočilo o potrditvi , sproži določene interne postopke ( na primer ugotavljanje cene finančnega premoženja ) .
It then sends a notification of receipt to the Banco de España .
Nato pošlje obvestilo o prejemu španski Banco de España .
The Banca d' Italia holds the securities on behalf of the Banco de España , thus in effect acting as its custodian .
Banca d' Italia drži vrednostne papirje v imenu Banco de España in tako deluje kot njen skrbnik .
Step 6 -- Having received the notification of receipt , the Banco de España grants credit to the Spanish bank .
6 . korak -- Potem ko Banco de España dobi obvestilo o prejemu , španski banki odobri posojilo .
ECBc Correspondent central banking model ( CCBM ) May 2005
ECB Korespondenčni centralnobančni model ( CCBM ) maj 2005
Chart 1 How a counterparty based in Spain can use eligible assets issued and deposited in Italy to obtain credit from the Banco de España
Slika 1 Kako lahko nasprotna stranka s sedežem v Španiji uporabi ustrezno finančno p re m o ž e n j e , i z d a n o i n d e p o n i r a n o v I t a l i j i , z a p r i d o b i t e v p o s o j i l a o d Ba n c o d e España
Banco de España ( HCB )
Banco de España ( HCB )
Step 2 CCBM message Step 5 Notice of receipt
korak Sporočilo CCBM 5 . korak Obvestilo o prejemu
Banca d » Italia ( CCB )
Banca d' Italia ( CCB )
Step 1 Request for credit
1 . korak Prošnja za posojilo
Step 6 Release credit
korak Nakazilo posojila
Step 4 Confirmation
korak Primerjalno preverjanje
Italian CSD Monte Titoli Step 3 Delivery of collateral
korak Potrditev Italijanski CSD Monte Titoli 3 .
Counterparty Step 2 Transfer instructions
korak Dostava zavarovanja Nasprotna stranka 2 .
Custodian
korak Navodila za prenos
The CCB provides the necessary information to the HCB on the delivery and eligibility of the securities , while the HCB processes that information , conducts the valuation process 3 and provides liquidity to the counterparty ( i.e. a cash payment or an increase in a counterparty 's overdraft limit ) .
Korespondenčna centralna banka domači centralni banki priskrbi potrebne informacije o dostavi in ustreznosti vrednostnih papirjev , domača centralna banka pa te informacije obdela , opravi postopek vrednotenja3 in zagotovi likvidnost nasprotni stranki ( tj .
The HCB will not advance funds until it is certain that the counterparty 's securities are eligible and have been safely received by the CCB .
gotovinsko izplačilo ali zvišanje meje prekoračitve pozitivnega stanja ) .
In order to improve the level of service provided by the CCBM , the Governing Council of the ECB decided that as of January 2004 the HCB and the CCB should each perform their internal procedures within 30 minutes ( i.e. steps 2 and 6 for the HCB and steps 3 and 5 for the CCB ) , provided that counterparties ( and their custodians ) submit their instructions correctly .
Domača centralna banka ne odobri posojila , dokler ni prepričana , da so vrednostni papirji nasprotne stranke ustrezni in jih je korespondenčna centralna banka zanesljivo prejela . Da bi izboljšali raven storitev , ki jih ponuja CCBM , je Svet ECB sklenil , da od januarja 2004 dalje domača in korespondenčna centralna banka svoje interne postopke opravita v 30 minutah ( tj .
4 However , counterparties should be aware that in some cases it may take more than the 30 minute benchmark for the CCB or HCB to process CCBM instructions , for instance in the case of peaks of traffic .
Vendar se morajo nasprotne stranke zavedati , da lahko v nekaterih primerih traja več kot 30 minut , preden korespondenčna ali domača centralna banka obdela navodila CCBM , na primer v konici poslovanja .