natgillin/translations-raw huggingface dataset:
The debt instrument must be admitted to trading on a regulated market as defined in the Directive 2004/39 / EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments ( 9 ) , or traded on certain non-regulated markets as specified by the ECB ( 10 ) .
Dolžniški instrument mora biti sprejet v trgovanje na organiziranem trgu , kot je določeno v Direktivi 2004/39 / ES Evropskega parlamenta in Sveta z dne 21 . aprila 2004 o trgih s finančnimi instrumenti ( 9 ) , ali pa se mora z njim trgovati na nekaterih neorganiziranih trgih , katerih primernost določa ECB ( 10 ) .
The assessment of non-regulated markets by the Eurosystem is based on three principles -- safety , transparency and accessibility ( 11 ) .
Ocena neorganiziranih trgov , ki jo pripravlja Eurosistem , temelji na treh načelih -- varnost , transparentnost in dostopnost ( 11 ) .
Type of issuer / guarantor
Vrsta izdajatelja / garanta
The debt instrument may be issued or guaranteed by central banks , public sector entities , private sector entities , or international or supranational institutions .
Dolžniški instrument lahko izdajo ali zanj jamčijo centralne banke , osebe javnega sektorja , osebe zasebnega sektorja ali mednarodne oziroma nadnacionalne institucije .
Debt instruments other than covered bank bonds that are issued by credit institutions are only eligible if they are admitted to trading on a regulated market as defined above .
Dolžniški instrumenti , razen kritih bančnih obveznic , ki so jih izdale kreditne institucije , so primerni , samo če so sprejeti v trgovanje na organiziranem trgu , kot je opredeljeno zgoraj .
Place of establishment of the issuer / guarantor
Kraj ustanovitve izdajatelja / garanta
The issuer must be established in the EEA or in one of the non-EEA G10 countries ( 12 ) .
Izdajatelj mora biti ustanovljen v EGP ali eni od držav G-10 zunaj EGP ( 12 ) .
In the latter case , the debt instruments can only be considered eligible if the Eurosystem ascertains that its rights would be protected in an appropriate manner , as determined by the Eurosystem , under the laws of the respective non-EEA G10 country .
V slednjem primeru se dolžniški instrumenti štejejo za primerne , samo če se Eurosistem prepriča , da bodo njegove pravice ustrezno zaščitene v okviru zakonodaj zadevne države G-10 zunaj EGP na način , ki ga določa Eurosistem .
For this purpose , a legal assessment in a form and with substance acceptable to the Eurosystem will have to be submitted before the assets can be considered eligible .
V ta namen bo treba , preden se finančno premoženje obravnava kot primerno , priskrbeti pravno oceno , ki je po obliki in vsebini sprejemljiva za Eurosistem .
In the case of an asset-backed security , the issuer must be established in the EEA .
V primeru kolateraliziranega vrednostnega papirja mora biti izdajatelj ustanovljen v EGP .
The guarantor must be established in the EEA .
Garant mora biti ustanovljen v EGP .
International or supranational institutions are eligible issuers / guarantors irrespective of their place of establishment .
Mednarodne ali nadnacionalne institucije so primerni izdajatelji / garanti , ne glede na kraj njihove ustanovitve .
In case a marketable debt instrument is issued by a non-financial corporation that is not rated by an ECAI , the issuer / guarantor must be established in the euro area .
Če tržni dolžniški instrument izda nefinančna družba , katere bonitete ni ocenila zunanja bonitetna institucija ( ECAI ) , mora biti izdajatelj / garant ustanovljen v euroobmočju .
The debt instrument must be denominated in euro ( 13 ) .
Dolžniški instrument mora biti denominiran v eurih ( 13 ) .
( 8 ) ( 9 ) ( 10 ) ( 11 ) The description of the standards for the use of eligible SSSs in the euro area and an updated list of the eligible links between these systems can be found on the ECB 's website ( www.ecb.int ) .
( 8 ) ( 9 ) ( 10 ) ( 11 ) Opis standardov za uporabo primernih poravnalnih sistemov vrednostnih papirjev ( PSVP ) v euroobmočju in ažuriran seznam primernih povezav med temi sistemi je objavljen na spletni strani ECB ( www.ecb.int ) .
OJ L 145 of 30 April 2004 , page 1 .
UL L 145 z dne 30 . aprila 2004 , stran 1 .
A list of acceptable non-regulated markets is published on the ECB 's website ( www.ecb.int ) and updated at least once a year .
Seznam sprejemljivih neorganiziranih trgov je objavljen na spletni strani ECB ( www.ecb.int ) in je dopolnjen vsaj enkrat na leto .
« Safety » , « transparency » and « accessibility » are defined by the Eurosystem exclusively in terms of the performance of the Eurosystem 's collateral management function .
Eurosistem opredeljuje „varnost » , „transparentnost » in „dostopnost » izključno z vidika izvajanja funkcije Eurosistema za upravljanje zavarovanja .
The principles are to be understood as follows .
Načela so naslednja .
Safety is taken to mean certainty with regard to transactions , in particular certainty on the validity and enforceability of transactions .
Varnost pomeni gotovost v zvezi s transakcijami , predvsem gotovost glede veljavnosti in izvršljivosti transakcij .
Transparency is taken to mean unimpeded access to information on the market 's rules of procedure and operation , the financial features of the assets , the price formation mechanism , and the relevant prices and quantities ( quotes , interest rates , trading volumes , outstanding amounts , etc .) .
Transparentnost pomeni nemoten dostop do podatkov o pravilih poslovanja in delovanja trga , finančnih značilnostih premoženja , mehanizmu oblikovanja cen ter o ustreznih cenah in količinah ( kotacije , obrestne mere , obseg trgovanja , nedospeli znesek vrednostnih papirjev itd .
Accessibility refers to the Eurosystem 's ability to take part in and have access to the market ;
Dostopnost se nanaša na zmožnost Eurosistema , da sodeluje na trgu in da ima dostop do njega ;
a market is accessible for collateral management purposes if its rules of procedure and operation allow the Eurosystem to obtain information and conduct transactions when needed for these purposes .
trg je dostopen za namene upravljanja zavarovanj , če njegova pravila poslovanja in delovanja omogočata Eurosistemu , da pride do informacij in da opravlja transakcije iz tega naslova .
Non-EEA G10 countries currently include the United States , Canada , Japan and Switzerland .
Države G-10 zunaj EGP so trenutno ZDA , Kanada , Japonska in Švica .
Expressed as such or in the national denominations of the euro .
Izraženo dejansko v eurih ali v nacionalnih denominacijah eura .
Two types of non-marketable assets are eligible as collateral in the single framework for eligible assets : credit claims and non-marketable retail mortgage-backed debt instruments ( RMBDs ) ( 14 ) . Credit claims
V enotnem okviru primernega finančnega premoženja za zavarovanje terjatev sta kot zavarovanje primerni dve vrsti netržnega finančnega premoženja : bančna posojila in netržni hipotekarni dolžniški instrumenti ( RMBD ) ( 14 ) .
To be eligible , a credit claim ( 15 ) has to fulfil the following eligibility criteria ( see also Table 4 ) :
Da bi bilo primerno , mora bančno posojilo ( 15 ) izpolnjevati naslednja merila primernosti ( glej tudi tabelo 4 ) .
Type of asset : It must be a credit claim which is a debt obligation of a debtor vis-à-vis a Eurosystem counterparty .
Biti mora bančno posojilo , ki je dolžniška obveznost dolžnika do nasprotne stranke Eurosistema .
Credit claims that have a « reducing balance » ( i.e. where the principal and interest are paid off according to a pre-agreed schedule ) are also eligible .
Bančna posojila s postopnim odplačevanjem glavnice ( kjer se glavnica in obresti odplačujejo po vnaprej določenem načrtu ) so ravno tako ustrezna .
Undrawn credit lines ( e.g. undrawn facilities of revolving credit claims ) , current account overdrafts and letters of credit ( which authorise the use of credit but are not credit claims per se ) are not eligible . The share of a syndicate member institution in a syndicated loan is considered an eligible type of credit claim .
Neizkoriščene kreditne linije ( npr . neizkoriščen del revolving posojila ) , prekoračitve stanja na tekočem računu in akreditivi ( ki dovoljujejo uporabo kredita , vendar sami po sebi niso bančna posojila ) niso primerni .
Credit claims may not afford rights to the principal and / or the interest that are subordinated to the rights of holders of other credit claims or debt instruments of the same issuer .
Pri bančnih posojilih pravica iz naslova plačil glavnice oziroma obresti ne sme biti podrejena pravici imetnika drugih bančnih posojil ali dolžniških instrumentov istega izdajatelja .
The credit claim must have ( a ) a fixed , unconditional principal amount and ( b ) an interest rate that cannot result in a negative cash flow .
Bančno posojilo mora imeti ( a ) fiksen , brezpogojni znesek glavnice ter ( b ) obrestno mero , ki ne more povzročiti negativnega denarnega toka .
In addition , the interest rate should be one of the following : ( i ) zero couponstyle ;
Poleg tega mora biti obrestna mera ena od naslednjih : ( i ) kot pri brezkuponskih instrumentih ;
( ii ) fixed ; or ( iii ) floating linked to another interest rate reference .
( ii ) fiksna ali ( iii ) spremenljiva obrestna mera , vezana na referenčno obrestno mero .
Type of debtor / guarantor : Eligible debtors or guarantors are non-financial corporations ( 16 ) , public sector entities and international or supranational institutions .
Vrsta dolžnika / garanta . Primerni dolžniki ali garanti so nefinančne družbe ( 16 ) , osebe javnega sektorja ter mednarodne in nadnacionalne institucije .
Each debtor is individually and severally liable for the full repayment of the credit claim in question ( co-debtors jointly liable for individual credit claims are excluded ) .
Vsak dolžnik je individualno in posamično odgovoren za celotno odplačilo zadevnega bančnega posojila ( sodolžniki , ki so skupno odgovorni za posamezno bančno posojilo , so izključeni ) .
Place of establishment of the debtor / guarantor : The debtor / guarantor must be established in the euro area .
Kraj ustanovitve dolžnika / garanta . Dolžnik / garant mora biti ustanovljen v euroobmočju .
This requirement does not apply to international or supranational institutions .
Ta zahteva ne velja za mednarodne in nadnacionalne institucije .
Credit standards : The quality of credit claims is assessed through the underlying creditworthiness of the debtor / guarantor .
Bonitetni standard . Kakovost bančnega posojila se oceni prek osnovne kreditne sposobnosti dolžnika / garanta .
Credit claims must meet the high credit standards specified in the ECAF rules for nonmarketable assets , as set out in Section 6.3.3 .
Bančna posojila morajo zadovoljiti visoke bonitetne standarde , ki so opredeljeni v pravilih bonitetnega okvira Eurosistema ( ECAF ) za tržno finančno premoženje , kakor je opisano v poglavju 6.3.3 .
Minimum size : At the time of submission for use as collateral ( mobilisation ) by the counterparty , the credit claim must meet a minimum size threshold .
Ko nasprotna stranka predloži bančno posojilo kot zavarovanje ( mobilizacija ) , mora znesek posojila dosegati najnižji prag .
In an interim period ( 1 January 2007 to 31 December 2011 ) , each national central bank may apply a minimum size of its choice for domestic credit claims .
januarja 2007 do 31 . decembra 2011 ) lahko vsaka nacionalna centralna banka za domača bančna posojila uporablja tak najmanjši znesek , kot ga določi sama .
For crossborder use , a common minimum threshold of EUR 500 000 is applicable in the interim period ( 17 ) .
Za čezmejno uporabo posojil v tem obdobju velja skupni najnižji prag v višini 500 000 EUR ( 17 ) .
As from 1 January 2012 a common minimum threshold of EUR 500 000 will be applicable to all credit claims throughout the euro area .
S 1 . januarjem 2012 bo za vsa bančna posojila v celotnem euroobmočju veljal enotni najnižji prag v višini 500 000 EUR .
Handling procedures : The credit claim must be handled according to the Eurosystem procedures as defined in the respective national documentation .
Bančna posojila je treba upravljati v skladu s postopki Eurosistema , kakor so določeni v ustrezni nacionalni dokumentaciji .
Governing laws : The credit claim agreement and the agreement between the counterparty and the national central bank mobilising the credit claim as collateral (' mobilisation agreement ') must both be governed by the law of a Member State belonging to the euro area .
Predpisi , ki urejajo to področje . Posojilno pogodbo kakor tudi pogodbo med nasprotno stranko in nacionalno centralno banko o mobilizaciji bančnega posojila kot zavarovanje ( „pogodba o mobilizaciji ") , mora urejati zakonodaja države članice , ki je del euroobmočja .
Furthermore , the total number of different governing laws that are applicable to ( i ) the counterparty , ( ii ) the creditor , ( iii ) the debtor , ( iv ) the guarantor ( if relevant ) , ( v ) the credit claim agreement and ( vi ) the mobilisation agreement may not exceed two .
Poleg tega skupno število različnih predpisov , ki se uporabljajo za ( i ) nasprotno stranko , ( ii ) upnika ; ( iii ) dolžnika , ( iv ) garanta ( če je predvideno ) , ( v ) posojilno pogodbo in ( vi ) pogodbo o mobilizaciji , ne sme biti več kot dva .
Currency of denomination : The credit claim must be denominated in euro ( 18 ) .
Valuta denominacije . Bančna posojila morajo biti denominirana v eurih ( 18 ) .
( 14 ) Between 1 January 2007 and 31 December 2011 , an intermediate regime will be in place for credit claims , allowing each national central bank to choose the minimum threshold for the size of credit claims eligible for collateral purposes ( apart from cross-border use ) and whether a handling fee should be applied .
januarjem 2007 in 31 . decembrom 2011 bo za bančna posojila veljala prehodna ureditev , ki bo vsaki nacionalni centralni banki omogočala , da določi najnižji prag zneska bančnega posojila , primernega za zavarovanje terjatev ( razen čezmejne uporabe ) , in preuči morebitno uvedbo provizij za opravljene posle .
As from 1 January 2012 , a unified regime will be in place .
S 1 . januarjem 2012 bo začela veljati enotna ureditev .
( 15 ) Credit claims are also referred to as bank loans . Schuldscheindarlehen and Dutch registered private claims on the government or other eligible debtors that are covered by a government guarantee ( e.g. housing associations ) are deemed to be equivalent to credit claims .
( 15 ) Schuldscheindarlehen in nizozemske vpisane zasebne terjatve do države ali drugih primernih dolžnikov , ki imajo državno jamstvo ( npr . stanovanjske zadruge ) , se štejejo , da so enakovredne bančnim posojilom .
( 16 ) As defined in the ESA 95 .
( 16 ) Kot je opredeljeno v ESR 95 .
( 17 ) The Banque centrale du Luxembourg ( BcL ) will apply the common minimum threshold for cross-border use as from 1 January 2008 at the latest .
( 17 ) Banque Centrale du Luxembourg ( BcL ) bo za čezmejno uporabo posojil začela uporabljati skupni najnižji prag najkasneje 1 . januarja 2008 .
Until then , BcL will apply a minimum threshold of EUR 1 000 000 .
Do takrat bo BcL uporabljala najnižji prag v višini 1 000 000 EUR .
( 18 ) See footnote 13 in this chapter .
( 18 ) Glej opombo 13 v tem poglavju .
Non-marketable retail mortgage-backed debt instruments The following eligibility criteria are applied to RMBDs ( see also Table 4 ) : --- Type of asset : It must be a debt instrument ( a promissory note or a bill of exchange ) that is secured by a pool of residential mortgages and that falls short of full securitisation .
Netržni hipotekarni dolžniški instrumenti ( rmbd ) Za te instrumente veljajo naslednja merila primernosti ( glej tudi tabelo 4 ) . --- Vrsta finančnega premoženja .
Substitution of assets in the underlying pool must be possible and a mechanism needs to be in place to ensure that the Eurosystem enjoys priority over creditors other than those exempted for public policy reasons ( 19 ) .
Biti mora dolžniški instrument ( zadolžnica ali menica ) , ki je zavarovan s skladom stanovanjskih hipotek in ni v celoti listinjen . Treba je zagotoviti možnost zamenjave finančnega premoženja v zavarovalnem skladu , hkrati pa mora biti vzpostavljen mehanizem , ki Eurosistemu omogoča , da ima prednost pred drugimi upniki , razen tistimi , ki so zaradi javnega interesa izvzeti ( 19 ) .
The RMBD must have ( a ) a fixed , unconditional principal amount and ( b ) an interest rate that cannot result in a negative cash flow .
Netržni hipotekarni dolžniški instrumenti morajo imeti ( a ) fiksen , brezpogojni znesek glavnice ter ( b ) obrestno mero , ki ne more povzročiti negativnega denarnega toka .
--- Credit standards : The RMBD must meet high credit standards , which are assessed through the part of the ECAF that addresses RMBDs , as set out in Section 6.3.3 .
--- Bonitetni standard . Netržni hipotekarni dolžniški instrumenti morajo zadovoljiti visoke bonitetne standarde , ki so ocenjeni s pomočjo tistega dela bonitetnega okvira Eurosistema ( ECAF ) , ki velja za netržne hipotekarne dolžniške instrumente , kakor je opisano v poglavju 6.3.3 .
Type of issuer : Eligible issuers are credit institutions that are eligible counterparties .
Vrsta izdajatelja . Primerni izdajatelji so kreditne institucije , ki so primerne nasprotne stranke .
Place of establishment of the issuer : The issuer must be located in the euro area .
Kraj ustanovitve izdajatelja . Izdajatelj mora biti ustanovljen v euroobmočju .
Handling procedures : The RMBD must be handled according to the Eurosystem procedures as defined in the respective national documentation .
Netržne hipotekarne dolžniške instrumente je treba upravljati v skladu s postopki Eurosistema , kakor so določeni v ustrezni nacionalni dokumentaciji .
Currency of denomination : The RMBD must be denominated in euro ( 20 ) .
Valuta denominacije . Netržni hipotekarni dolžniški instrumenti morajo biti denominirani v eurih ( 20 ) .
Additional requirements for the use of eligible assets Additional legal requirements for credit claims In order to ensure that a valid security is created over credit claims and that the credit claim can be swiftly realised in the event of a counterparty default , additional legal requirements have to be met .
Dodatne zahteve glede uporabe primernega finančnega premoženja Dodatne pravne zahteve za bančna posojila Da bi zagotovili vzpostavitev učinkovitega zavarovanja z bančnim posojilom ter hitro realizacijo bančnega posojila v primeru neplačila nasprotne stranke , je treba izpolniti dodatne pravne zahteve .
These legal requirements relate to : --- --- --- --- --- the verification of the existence of credit claims ;
Te zahteve se nanašajo na : --- --- --- --- --- preveritev , da bančno posojilo obstaja ;
the notification of the debtor about the mobilisation of the credit claim or the registration of such mobilisation ;
obvestitev dolžnika o mobilizaciji posojila oziroma o vpisu takšne mobilizacije ;
the absence of restrictions related to banking secrecy and confidentiality ;
odsotnost omejitev , povezanih z bančno tajnostjo in zaupnostjo ;
the absence of restrictions on the mobilisation of the credit claim ;
odsotnost omejitev glede mobilizacije posojila ; odsotnost omejitev glede realizacije bančnega posojila .
the absence of restrictions on the realisation of the credit claim . The content of these legal requirements is set out in Annex 7 .
Te pravne zahteve so vsebinsko opisane v prilogi 7 . Dodatne podrobnosti o posebnih značilnostih nacionalne sodne pristojnosti so predstavljene v ustrezni nacionalni dokumentaciji .
Further details of the specific features of the national jurisdictions are provided in the respective national documentation . Rules for the use of eligible assets Marketable assets can be used for all monetary policy operations which are based on underlying assets , i.e. reverse and outright open market transactions and the marginal lending facility .
Pravila glede uporabe primernega finančnega premoženja Tržno finančno premoženje se lahko uporabi za vse operacije denarne politike , ki temeljijo na finančnem premoženju za zavarovanje terjatev , tj . povratne in dokončne transakcije odprtega trga in odprto ponudbo mejnega posojila .
Non-marketable assets can be used as underlying assets for reverse open market transactions and the marginal lending facility .
Netržno finančno premoženje se lahko uporabi kot finančno premoženje za zavarovanje terjatev pri povratnih transakcijah odprtega trga ter pri odprti ponudbi mejnega posojila .
They are not used in Eurosystem outright transactions .
Ne uporablja se pri dokončnih transakcijah Eurosistema .
All marketable and non-marketable assets can also be used as underlying assets for intraday credit .
Vse tržno in netržno finančno premoženje se lahko uporabi tudi kot finančno premoženje za zavarovanje terjatev za posojila čez dan .
Irrespective of the fact that a marketable or non-marketable asset fulfils all eligibility criteria , a counterparty may not submit as collateral any asset issued or guaranteed by itself or by any other entity with which it has close links ( 21 ) .
Ne glede na to , ali tržno in netržno finančno premoženje izpolnjuje merila primernosti , nasprotna stranka ne sme kot zavarovanje predložiti finančnega premoženja , ki ga je izdala in zanj jamči sama oziroma katera koli druga pravna oseba , s katero je nasprotna stranka v tesni povezavi ( 21 ) .
( 19 ) Irish mortgage-backed promissory notes are currently the only instruments in this asset class .
( 19 ) V tem razredu finančnega premoženja so trenutno le irske hipotekarne zadolžnice .
( 20 ) See footnote 13 in this chapter .
( 20 ) Glej opombo 13 v tem poglavju .
( 21 ) In the event of a counterparty using assets that , owing to an identity with the issuer / debtor / guarantor or the existence of close links , it may not or no longer use to secure an outstanding credit , it is obliged to immediately notify the relevant national central bank thereof .
( 21 ) Če nasprotna stranka uporablja finančno premoženje , ki ga zaradi tesne povezave z izdajateljem / dolžnikom / garantom ali zato , ker je to ista oseba , ne sme ali ne sme več uporabljati za zavarovanje neodplačanega posojila , je dolžna nemudoma obvestiti o tem zadevno nacionalno centralno banko .
The assets are valued at zero on the next valuation date and a margin call may be triggered ( see also Annex 6 ) .
Finančno premoženje se vrednoti po vrednosti nič ob prihodnjem datumu vrednotenja in lahko se sproži poziv h kritju ( glej tudi prilogo 6 ) .
In addition , the counterparty has to remove the asset on the earliest possible date .
Poleg tega mora nasprotna stranka čim prej umakniti to finančno premoženje .
« Close links » means a situation in which the counterparty is linked to an issuer / debtor / guarantor of eligible assets by reason of the fact that :
„Tesne povezave » pomenijo stanje , ko je nasprotna stranka povezana z izdajateljem / dolžnikom / garantom primernega finančnega premoženja zaradi naslednjega dejstva :
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 ; or
nasprotna stranka ima v lasti 20 % ali več kapitala izdajatelja / dolžnika / garanta oziroma eno ali več podjetij , v katerem (- ih ) ima nasprotna stranka v lasti večino kapitala , ima (- jo ) v lasti 20 % ali več kapitala izdajatelja / dolžnika / garanta oziroma nasprotna stranka in eno ali več podjetij , v katerem (- ih ) ima nasprotna stranka v lasti večino kapitala , ima (- jo ) skupaj v lasti 20 % ali več kapitala izdajatelja / dolžnika / garanta ;