natgillin/translations-raw huggingface dataset:
In the absence of an ECAI credit assessment for the issue , issuer or guarantor , the high credit standards are established as follows :
Če bonitetna ocena zunanje bonitetne institucije za izdajo , izdajatelja ali garanta ni na voljo , se visoki bonitetni standardi ugotovijo na naslednji način .
Euro area public sector issuers or guarantors : If a marketable asset is issued or guaranteed by a regional government , local authority or public sector entity ( PSE ) located in the euro area as defined in the CRD , the following procedure applies :
Izdajatelji ali garanti javnega sektorja v euroobmočju . Če tržno finančno premoženje izda ali zanj jamči enota regionalne ravni države , lokalna oblast ali oseba javnega sektorja iz euroobmočja , kot je določeno v direktivi o kapitalskih zahtevah , velja naslednji postopek :
The issuer or guarantor is allocated to one of three classes in accordance with the CRD ( 29 ) as explained in Table 5 .
izdajatelj ali garant se razporedi v enega od treh razredov v skladu z direktivo o kapitalskih zahtevah ( 29 ) , kot je prikazano v tabeli 5 ;
An implicit credit assessment for issuers or guarantors belonging to classes 1 and 2 is derived from the ECAI credit assessment of the central government of the country where the issuer or guarantor is established .
implicitna bonitetna ocena za izdajatelja ali garanta , ki sodi v razred 1 ali 2 , se izpelje iz bonitetne ocene zunanje bonitetne institucije za centralno državo , kjer je izdajatelj ali garant ustanovljen .
This implicit credit assessment has to meet the Eurosystem credit quality threshold .
Implicitna bonitetna ocena mora dosegati bonitetni prag Eurosistema .
No implicit credit assessment is derived for issuers / guarantors belonging to class 3 .
Za izdajatelje / garante , ki sodijo v razred 3 , se implicitna bonitetna ocena ne izvede .
Euro area non-financial corporate issuers or guarantors : If the high credit standards for marketable assets which are issued / guaranteed by non-financial corporations ( 30 ) located in the euro area cannot be established on the basis of an ECAI credit assessment for the issue , issuer or guarantor , the ECAF rules for credit claims will be applicable and counterparties are allowed to make use of their own IRB system , NCBs » in-house credit assessment systems or third-party rating tools .
o Izdajatelji ali garanti iz sektorja nefinančnih družb v euroobmočju . Če za tržno finančno premoženje , ki so ga izdali ali zanj jamčijo nefinančne družbe ( 30 ) iz euroobmočja , visokih bonitetnih standardov ni mogoče ugotoviti na podlagi bonitetne ocene zunanje bonitetne institucije za izdajo , izdajatelja ali garanta , se uporabljajo pravila bonitetnega okvira Eurosistema za bančna posojila , nasprotne stranke pa lahko uporabijo tudi lasten interni bonitetni sistem , interni bonitetni sistem nacionalne centralne banke ali bonitetna orodja zunanjih ponudnikov .
The non-rated marketable debt instruments issued by non-financial corporations are not included in the public list of eligible marketable assets .
Tržni dolžniški instrumenti , ki so jih izdale nefinančne družbe in so brez bonitetne ocene , niso vključeni na javno listo primernega tržnega finančnega premoženja .
Table 5 Implicit credit assessments for euro area regional government , local authority and public sector entity issuers , debtors or guarantors without an ECAI credit assessment ECAF derivation of the implicit credit assessment of the issuer , debtor or guarantor belonging to the corresponding class
Tabela 5 Implicitna bonitetna ocena za izdajatelja , dolžnika ali garanta , ki je enota regionalne ravni države , lokalna oblast ali oseba javnega sektorja brez bonitetne ocene zunanje bonitetne institucije Izpeljava implicitne bonitetne ocene znotraj bonitetnega okvira Eurosistema za izdajatelja , dolžnika ali garanta , ki sodi v ustrezen razred
Allocation of issuers , debtors or guarantors following the CRD
Razporeditev izdajateljev , dolžnikov ali garantov po direktivi o kapitalskih zahtevah
Regional governments , local authorities and PSEs that , according to competent supervisory authorities , can be treated equally to the central government for capital requirements purposes Regional governments , local authorities and PSEs that , according to competent supervisory authorities , can be treated equally to [ credit ] institutions for capital requirements purposes Other PSEs
Institucionalne enote regionalne ravni države , lokalne oblasti in osebe javnega sektorja , ki jih pristojni nadzorni organ obravnava na enak način kot centralno državo za namene kapitalskih zahtev Institucionalne enote regionalne ravni države , lokalne oblasti in osebe javnega sektorja , ki jih pristojni nadzorni organ obravnava na enak način kot ( kreditne ) institucije za namene kapitalskih zahtev Druge osebe javnega sektorja
Allocated the ECAI credit assessment of the central government of the country in which it is established
Dodeljena je bonitetna ocena zunanje bonitetne institucije za centralno državo , kjer je subjekt ustanovljen
Allocated a credit assessment one credit quality step ( 1 ) below the ECAI credit assessment of the central government ofthe country in which it is established Treated like private sector issuers or debtors
Dodeljena je bonitetna ocena , ki je eno bonitetno stopnjo ( 1 ) nižja od bonitetne ocene zunanje bonitetne institucije za centralno državo , kjer je subjekt ustanovljen Obravnavajo se kot izdajatelji ali dolžniki zasebnega sektorja
Class 3 1
Razred 3
( ) Information on the credit quality steps is published on the ECB 's website ( www.ecb.int ) .
( 1 ) Informacije o bonitetnih stopnjah so objavljene na spletnih straneh ECB ( www.ecb.int ) .
Establishment of high credit standards for non-marketable assets Credit claims
Izpolnjevanje visokih bonitetnih standardov za netržno finančno premoženje
In order to establish the requirement for high credit standards for the debtors or guarantors of credit claims , counterparties have to select one main credit assessment source from among those that are available and accepted by the Eurosystem .
Za ugotovitev zahtevanih visokih bonitetnih standardov , ki jih morajo izpolnjevati dolžniki ali garanti bančnih posojil , morajo nasprotne stranke izmed virov , ki so na voljo in za Eurosistem primerni , izbrati en glavni bonitetni vir .
A counterparty will select one system from an available credit assessment source , except in the case of ECAIs , where all accepted ECAI systems may be used .
Nasprotna stranka iz razpoložljivega bonitetnega vira izbere en sistem , razen v primeru zunanjih bonitetnih institucij , kjer se lahko uporabijo vsi primerni sistemi zunanjih bonitetnih institucij .
( 29 ) Lists of entities belonging to the three classes , as well as the criteria for classifying issuers , debtors or guarantors into the three classes , are expected to be made available , together with links to the relevant websites of the national supervisory authorities , on the website of the Committee of European Banking Supervisors ( CEBS ) : http://www.c-ebs.org/SD/Rules_AdditionalInformation.htm ( 30 ) See footnote 7 in this chapter .
( 29 ) Seznami subjektov , ki sodijo v omenjene tri razrede , ter merila za razporeditev izdajateljev , dolžnikov ali garantov v enega od treh razredov , naj bi bili skupaj s povezavami na spletne strani nacionalnih nadzornih organov na voljo na spletni strani Odbora evropskih bančnih nadzornikov ( CEBS ) : http://www.c-ebs.org/SD/Rules_AdditionalInformation.htm . ( 30 ) Glej opombo 7 v tem poglavju .
Counterparties have to stick to the selected source for a minimum period of one year so as to preclude « hopping » between credit assessments ( i.e. looking for the best credit assessment that guarantees eligibility among all available sources or systems on a debtor-by-debtor basis ) .
Nasprotne stranke se morajo izbranega vira držati najmanj eno leto , da bi preprečili „skakanje » med bonitetnimi ocenami ( tj . iskanje najboljše bonitetne ocene , ki med vsemi razpoložljivimi viri ali sistemi zagotavlja primernost za vsakega dolžnika posebej ) .
Counterparties wishing to change credit assessment sources after the minimum period of one year have to submit a reasoned request to the relevant NCB .
Nasprotne stranke , ki bi po enem letu želele zamenjati bonitetni vir , morajo ustrezni nacionalni centralni banki predložiti utemeljeno zahtevo .
Counterparties may be allowed to use more than one system or source upon submission of a reasoned request .
Ob predložitvi utemeljene zahteve lahko nasprotne stranke uporabijo več kot en sistem ali vir .
The main credit assessment source chosen is expected to cover the largest number of submitted debtors by the counterparty .
Glavni izbrani bonitetni vir naj bi pokrival največje število dolžnikov , ki jih predloži nasprotna stranka .
The use of more than one credit assessment source or system should be supported by the existence of an adequate business case .
Uporaba več kot enega bonitetnega vira ali sistema naj bi bila utemeljena z zadostnim poslovnim razlogom .
In principle , such a case could stem from a lack of sufficient coverage of the primary credit assessment source or system .
Načeloma je lahko tak razlog pomanjkljivo zajetje glavnega bonitetnega vira ali sistema .
Counterparties must inform the national central bank promptly of any credit event , including a delay of payments by the submitted debtors , that is known to the counterparty and , if necessary , withdraw or replace the assets .
Nasprotne stranke morajo nacionalno centralno banko takoj obvestiti o kakršnem koli kreditnem dogodku , ki je nasprotni stranki poznan , vključno z zamudo pri plačilu s strani predloženega dolžnika , ter po potrebi umakniti ali zamenjati finančno premoženje .
Furthermore , counterparties are responsible for ensuring that they use the most recent credit assessment updates available from their selected credit assessment system or source for the debtors ( 31 ) or guarantors of submitted assets .
Poleg tega so nasprotne stranke odgovorne , da zagotovijo uporabo najnovejših bonitetnih ocen dolžnikov ( 31 ) ali garantov predloženega finančnega premoženja , ki so na voljo pri izbranem bonitetnem sistem ali viru .
Credit assessments of debtors / guarantors : The high credit standards of the debtors or guarantors of credit claims are established according to rules differentiating between public sector and non-financial corporate debtors / guarantors :
Bonitetna ocena dolžnikov / garantov . Visoki bonitetni standardi dolžnikov ali garantov bančnih posojil se ugotovijo v skladu s pravili , ki razlikujejo med dolžniki / garanti javnega sektorja in tistimi iz sektorja nefinančnih družb .
Public sector debtors or guarantors : The following rules are applied in a sequential order :
Dolžniki ali garanti javnega sektorja . Naslednja pravila se uporabljajo v zaporednem vrstnem redu :
A credit assessment from the system or source selected by the counterparty exists and is used to establish whether the public sector debtor or guarantor meets the credit quality threshold .
bonitetna ocena , izdelana s pomočjo sistema ali vira , ki ga je izbrala nasprotna stranka , obstaja in s to oceno se ugotavlja , ali dolžnik ali garant javnega sektorja dosega bonitetni prag ;
( ii ) In the absence of a credit assessment under ( i ) , an ECAI credit assessment of the debtor or guarantor is used ( 32 ) .
( ii ) če bonitetna ocena ( i ) ni na voljo , se uporabi bonitetna ocena zunanje bonitetne institucije o dolžniku ali garantu ; ( 32 )
( iii ) If no credit assessment is available under either ( i ) or ( ii ) , the same procedure as for marketable assets applies :
( iii ) če niti bonitetna ocena ( i ) niti bonitetna ocena ( ii ) nista na voljo , velja enak postopek kot pri tržnem finančnem premoženju :
The debtor or guarantor is allocated to one of three classes in accordance with the CRD ( 33 ) as explained in Table 5 .
izdajatelj ali garant se razporedi v enega od treh razredov v skladu z direktivo o kapitalskih zahtevah ( 33 ) , kot je prikazano v tabeli 5 ;
An implicit credit assessment for debtors or guarantors belonging to classes 1 and 2 is derived from the ECAI credit assessment of the central government of the country where the debtor or guarantor is established .
implicitna bonitetna ocena za izdajatelja ali garanta , ki sodi v razred 1 ali 2 , se izpelje iz bonitetne ocene zunanje bonitetne institucije za centralno državo , kjer je izdajatelj ali garant ustanovljen .
This implicit assessment has to meet the Eurosystem credit quality threshold .
Implicitna bonitetna ocena mora dosegati bonitetni prag Eurosistema .
If a credit assessment from the system or source selected by the counterparty ( or from an ECAI in case ( ii ) for public sector debtors or guarantors ) exists but is below the credit quality threshold , the debtor or guarantor is ineligible .
Če bonitetna ocena , izdelana s pomočjo sistema ali vira , ki ga je izbrala nasprotna stranka ( ali jo je v primeru ( ii ) za dolžnika ali garanta javnega sektorja izdelala zunanja bonitetna institucija ) , obstaja , vendar ne dosega bonitetnega praga , dolžnik ali garant ni primeren .
Non-financial corporate debtors or guarantors : If the source selected by the counterparty provides a credit assessment equal to or exceeding the credit quality threshold , the debtor or guarantor is eligible ( 34 ) ( 35 ) .
Dolžniki ali garanti iz sektorja nefinančnih družb . Če vir , ki ga je izbrala nasprotna stranka , izdela bonitetno oceno , ki je enaka bonitetnemu pragu ali ga presega , je dolžnik ali garant primeren ( 34 ) ( 35 ) .
If a credit assessment from the system or source selected by the counterparty exists but is below the credit quality threshold , the debtor or guarantor is ineligible .
Če bonitetna ocena , izdelana s pomočjo sistema ali vira , ki ga je izbrala nasprotna stranka , obstaja , vendar ne dosega bonitetnega praga , dolžnik ali garant ni primeren .
If no credit assessment is available to establish the credit standards , the debtor or guarantor is considered ineligible .
Če ni na voljo nobene bonitetne ocene , s katero bi lahko ugotovili bonitetni standard , dolžnik ali garant ni primeren .
( 31 ) In the case of marketable assets issued by non-financial corporations but not rated by an accepted ECAI , this requirement applies to the credit assessment of issuers .
( 31 ) V primeru tržnega finančnega premoženja , ki ga izdajo nefinančne družbe , vendar nima bonitetne ocene ene izmed sprejetih zunanjih bonitetnih institucij , ta zahteva velja za bonitetno oceno izdajatelja .
( 32 ) See footnote 25 in this chapter .
( 32 ) Glej opombo 25 v tem poglavju .
( 33 ) See footnote 29 in this chapter .
( 33 ) Glej opombo 29 v tem poglavju .
( 34 ) If the counterparty has chosen an ECAI as a credit assessment source , it may use the first-best rule ( see footnote 25 in this chapter ) .
( 34 ) Če je nasprotna stranka kot vir bonitetne ocene izbrala zunanjo bonitetno institucijo , lahko uporabi pravilo prve najboljše ocene ( glej opombo 25 v tem poglavju ) .
( 35 ) For specific credit assessment systems , the credit quality threshold can be adjusted following the performance monitoring process ( see Section 6.3.5 ) .
( 35 ) Pri posebnih bonitetnih sistemih se lahko bonitetni prag prilagodi , potem ko je bilo opravljeno spremljanje uspešnosti ( glej poglavje 6.3.5 ) .
Guarantees : A guarantee must meet the following requirements : --- A guarantee is deemed acceptable if the guarantor has unconditionally and irrevocably guaranteed the obligations of the debtor in relation to the payment of principal , interest and any other amounts due under the credit claim to the holder thereof until they are discharged in full .
--- jamstvo se obravnava kot sprejemljivo , če garant brezpogojno in nepreklicno jamči za obveznosti dolžnika v povezavi s plačilom glavnice , obresti in vseh drugih zneskov , ki se morajo na podlagi bančnega posojila plačati njihovim imetnikom , dokler niso v celoti poravnane .
In this regard , a guarantee deemed acceptable does not need to be specific to the credit claim but might apply to the debtor only , provided that it also covers the credit claim in question .
V zvezi s tem ni nujno , da se jamstvo , ki velja za sprejemljivo , nanaša na prav določeno bančno posojilo , ampak lahko velja le za dolžnika pod pogojem , da zajema tudi dotično bančno posojilo ;
The guarantee has to be payable on first demand ( independently from the underlying credit claim ) .
jamstvo se mora plačati na prvi poziv ( neodvisno od osnovnega bančnega posojila ) .
The guarantee must be governed by the law of an EU Member State and be legally valid , binding and enforceable against the guarantor .
jamstvo mora urejati zakonodaja države članice EU in mora biti zakonsko veljavno , zavezujoče in izvršljivo do garanta ;
A legal confirmation concerning the legal validity , binding effect and enforceability of the guarantee will have to be submitted in a form and with substance acceptable to the Eurosystem before the asset supported by the guarantee can be considered eligible .
pravno potrditev v zvezi s pravno veljavnostjo , zavezujočim učinkom in izvršljivostjo jamstva je treba predložiti v takšni obliki in vsebini , ki je sprejemljiva za Eurosistem , preden se premoženje , na katerega se jamstvo nanaša , lahko obravnava kot primerno .
The legal confirmation should also state that the guarantee is not a personal one , only enforceable by the creditor of the credit claim .
Pravna potrditev mora tudi navesti , da jamstvo ni osebno in izvršljivo samo s strani upnika bančnega posojila .
If the guarantor is established in a jurisdiction other than the one of the law governing the guarantee , the legal confirmation must also confirm that the guarantee is valid and enforceable under the law governing the establishment of the guarantor .
Če je garant ustanovljen v okviru jurisdikcije , ki ni tista , ki ureja jamstvo , mora pravna potrditev potrditi tudi to , da je jamstvo veljavno in izvršljivo na podlagi zakonodaje , ki ureja ustanovitev garanta .
The legal confirmation should be submitted for review to the national central bank in the jurisdiction of the law governing the credit claim .
Pravno potrditev je treba predložiti v pregled nacionalni centralni banki pod jurisdikcijo prava , ki ureja bančno posojilo .
The need for a legal confirmation does not apply to guarantees given by public entities entitled to levy taxes .
Pravna potrditev ni potrebna za jamstva , ki jih izdajo osebe javnega prava , upravičene do obračunavanja davkov .
The requirement of enforceability is subject to any insolvency or bankruptcy laws , general principles of equity and other similar laws and principles applicable to the guarantor and generally affecting creditors » rights against the guarantor . ---
Ocena izvršljivosti upošteva zakone s področja insolventnosti ali stečajnega postopka , temeljna načela enakosti in druge podobne zakone in načela , ki veljajo za garanta in vplivajo na pravice , ki jih ima upnik do garanta na splošno .
Non-marketable retail mortgage-backed debt instruments The high credit standards for non-marketable RMBDs must meet the Eurosystem 's credit quality threshold .
Netržni hipotekarni dolžniški instrumenti Visoki bonitetni standardi za netržne hipotekarne dolžniške instrumente morajo dosegati bonitetni prag Eurosistema .
A jurisdiction-specific credit assessment framework for these debt instruments will be specified in the applicable national documentation by the national central banks .
Bonitetni okvir za te instrumente , ki upošteva posebnosti posameznega pravnega sistema , bo v veljavnih nacionalnih predpisih opredelila nacionalna centralna banka .
Acceptance criteria for credit assessment systems The ECAF builds on credit assessment information from four sources .
Merila sprejemljivosti za bonitetne sisteme Bonitetni okvir Eurosistema temelji na bonitetnih ocenah iz štirih virov .
Under each source , there might be a set of credit assessment systems .
Znotraj vsakega vira lahko obstaja sklop bonitetnih sistemov .
The accepted ECAIs , ICASs and third-party RTs and their providers are listed on the ECB 's website ( www.ecb.int ) ( 36 ) .
Sprejete zunanje bonitetne institucije , interni bonitetni sistemi nacionalnih centralnih bank in bonitetna orodja zunanjih ponudnikov so navedeni na spletnih straneh ECB ( www.ecb.int ) ( 36 ) .
External credit assessment institution source The ECAI source encompasses those institutions whose credit assessments may be used by credit institutions for determining the risk weight of exposures according to the CRD ( 37 ) .
Zunanje bonitetne institucije Ta vir obsega tiste institucije , katerih bonitetne ocene lahko kreditne institucije uporabijo pri ugotavljanju uteži tveganosti za izpostavljenosti , v skladu z direktivo o kapitalskih zahtevah ( 37 ) .
For the purposes of the ECAF , the general acceptance criteria for ECAIs are the following : --- ECAIs must be formally recognised by the relevant EU supervisory authority for the euro area countries in which they will be used , in line with the CRD .
Za namene bonitetnega okvira Eurosistema so splošna merila sprejemljivosti , ki veljajo za zunanje bonitetne institucije , naslednja : --- zunanjo bonitetno institucijo mora formalno priznati ustrezen nadzorni organ EU v tistih državah euroobmočja , kjer se bo institucija uporabljala v skladu z direktivo o kapitalskih zahtevah ;
ECAIs must fulfil operational criteria so as to ensure the efficient implementation of the ECAF .
zunanja bonitetna institucija mora izpolnjevati operativna merila , da bi zagotovili učinkovito izvajanje bonitetnega okvira Eurosistema .
In particular , the use of their credit assessments is subject to the availability to the Eurosystem of information on these assessments , as well as information for the comparison and the assignment ( mapping ) of the assessments with the ECAF credit quality steps and the credit quality threshold and for the implementation of performance monitoring ( see Section 6.3.5 ) .
Bonitetne ocene se uporabljajo pod pogojem , da ima Eurosistem na voljo informacije o teh ocenah kakor tudi informacije , potrebne za primerjavo in vzporeditev ocen z bonitetnimi stopnjami bonitetnega okvira Eurosistema in bonitetnim pragom ter za spremljanje uspešnosti ( glej poglavje 6.3.5 ) .
( 36 ) The Eurosystem only publishes the information in conjunction with its Eurosystem credit operations and does not assume any responsibility for its evaluation of the accepted credit assessment systems .
( 36 ) Eurosistem objavlja te informacije samo v povezavi s kreditnimi operacijami Eurosistema in ne prevzema nobene odgovornosti za svojo oceno sprejetih bonitetnih sistemov .
( 37 ) ECAIs are commonly referred to as rating agencies in financial markets .
( 37 ) Zunanje bonitetne institucije se na finančnih trgih običajno imenujejo bonitetne agencije .
The Eurosystem reserves the right to decide whether it accepts an ECAI for its lending operations , making use , among other factors , of its performance monitoring process .
Eurosistem si pridržuje pravico , da odloči , ali bo pri svojih operacijah posojanja sprejel zunanjo bonitetno institucijo , pri čemer bo med drugim upošteval tudi spremljanje uspešnosti .
NCB in-house credit assessment system source The ICAS source currently consists of the four credit assessment systems operated by the Deutsche Bundesbank , the Banco de España , the Banque de France and the Oesterreichische Nationalbank .
Interni bonitetni sistem nacionalne centralne banke Ta vir trenutno obsega štiri bonitetne sisteme , ki jih upravljajo Deutsche Bundesbank , Banco de España , Banque de France in Oesterreichische Nationalbank .
National central banks deciding to develop their own ICAS would be subject to a validation procedure by the Eurosystem .
Nacionalne centralne banke , ki bi želele razviti svoj interni bonitetni sistem , morajo skozi postopek potrditve , ki ga opravi Eurosistem .
ICASs are subject to the Eurosystem performance monitoring process ( see Section 6.3.5 ) .
Eurosistem nadzira interne bonitetne sisteme NCB prek spremljanja uspešnosti ( glej poglavje 6.3.5 ) .