natgillin/translations-raw huggingface dataset:
International debt securities in global registered form issued before or on that date remain eligible until their maturity .
Mednarodni dolžniški vrednostni papirji v obliki zbirnih imenskih listin , izdani na ta datum ali pred njim , ostanejo primerni do zapadlosti .
International debt securities in individual note form will cease to be eligible if issued after 30 September 2010 . International debt securities in indi ­ vidual note form issued before or on that date remain eligible until their maturity .'
Mednarnodni dolžniški vrednostni papirji v obliki po ­ samičnih listin ( individual notes ) ne bodo več primerni , če bodo izdani po 30 . septembru 2010 .
( d ) The tenth paragraph ( the first paragraph under the heading « Settlement procedures ') is replaced by the following : « The debt instrument must be transferable in book-entry form .
( d ) Deseti odstavek ( prvi odstavek pod naslovom „Postopki poravnave ") se nadomesti z naslednjim : „Dolžniški instrument mora biti prenosljiv v nematerializirani obliki .
It must be held and settled in the euro area through an account with the Eurosystem or with an SSS that fulfils the standards established by the ECB , so that perfection and realisation are subject to the law of a Member State .'
Hraniti in poravnati se mora v euroobmočju prek računa , odprtega pri Eurosistemu ali pri PSVP , ki izpolnjuje standarde , določene s strani ECB , tako da obliko in vsebino ter realizacijo ureja pravo države članice ."
( e ) In the twelfth paragraph ( the only paragraph under the heading « Acceptable markets ') , footnote 13 ( the last foot ­ note ) is replaced by the following : « ( 13 ) Marketable assets , which were accepted as tier two assets , and which have been issued prior to 31 May 2007 and are traded on non-regulated markets that currently fulfil the Eurosystem 's requirements for safety and accessibility , but not for transparency , remain eligible until 31 December 2010 , provided they fulfil the other eligibility criteria , and become ineligible after that date .
( e ) V dvanajstem odstavku ( edinem odstavku pod naslovom „Sprejemljivi trgi ") se opomba 13 ( zadnja opomba ) nadomesti z naslednjim : „ ( 13 ) Tržno finančno premoženje , ki je bilo sprejeto kot finančno premoženje z liste 2 in izdano pred 31 . majem 2007 ter se z njim trguje na neorganiziranih trgih , ki trenutno izpolnjujejo zahteve Eurosistema glede var ­ nosti in dostopnosti , ne pa tudi transparentnosti , ostane primerno do 31 .
This does not apply to uncovered marketable assets issued by credit institutions that were accepted as tier two assets and became ineligible on 31 May 2007 .'
To ne velja za nekrito tržno finančno premoženje , izdano s strani kreditnih institucij , ki je bilo sprejeto kot finančno premoženje z liste 2 in je postalo neprimerno 31 . maja 2007 ."
( f ) The fifteenth paragraph ( the second paragraph under the heading « Place of establishment of the issuer / guarantor ') is replaced by the following : « The guarantor must be established in the EEA , unless a guarantee is not needed to establish the high credit stan ­ dards for marketable assets , as set out in Section 6.3.2 .'
( f ) Petnajsti odstavek ( drugi odstavek pod naslovom „Kraj ustanovitve izdajatelja / garanta ") se nadomesti z naslednjim : „Garant mora biti ustanovljen v EGP , razen če za izpolnjevanje visokih bonitetnih standardov za tržno finančno premoženje jamstvo ni potrebno , kakor je določeno v oddelku 6.3.2 ."
Section 6.2.2 is amended as follows : ( a ) The second bullet point of the second paragraph ( the first paragraph under the heading « Credit claims ') is replaced by the following : « Type of debtor / guarantor : Eligible debtors and guarantors are non-financial corporations (*) , public sector entities and international or supranational institutions .
Oddelek 6.2.2 se spremeni : ( a ) Druga alinea drugega odstavka ( prvega odstavka pod naslovom „Bančna posojila ") se nadomesti z naslednjim : „Vrsta dolžnika / garanta : Primerni dolžniki in garanti so nefinančne družbe (*) , osebe javnega sektorja ter medna ­ rodne in nadnacionalne institucije .
Each debtor is individually and severally liable for the full repay ­ ment of the credit claim in question ( co-debtors jointly liable for individual credit claims are excluded ) .
Vsak dolžnik je individualno in ločeno odgovoren za celotno poplačilo zadev ­ nega bančnega posojila ( sodolžniki , ki so skupno odgovorni za posamezno bančno posojilo , so izključeni ) .
(*) As defined in the ESA 95 .'
(*) Kakor so opredeljene v ESR 95 ."
( b ) The third bullet point of the second paragraph is replaced by the following : « Place of establishment of the debtor and guarantor : The debtor must be established in the euro area .
( b ) Tretja alinea drugega odstavka se nadomesti z naslednjim : „Kraj ustanovitve dolžnika in garanta : Dolžnik mora biti ustanovljen v euroobmočju .
The guarantor must also be established in the euro area , unless a guarantee is not needed to establish the high credit standards for non-marketable assets , as set out in Section 6.3.3 . This requirement does not apply to international or supra ­ national institutions .'
Tudi garant mora biti ustanov ­ ljen v euroobmočju , razen če za izpolnjevanje visokih bonitetnih standardov za netržno finančno premoženje jam ­ stvo ni potrebno , kakor je opisano v oddelku 6.3.3 . Ta zahteva ne velja za mednarodne in nadnacionalne institucije ."
( c ) The fourth bullet point of the second paragraph is replaced by the following : « Credit standards : The quality of credit claims is assessed through the underlying creditworthiness of the debtor or guarantor .
( c ) Četrta alinea drugega odstavka se nadomesti z naslednjim : „Bonitetni standard : Kakovost bančnega posojila se oceni prek kreditne sposobnosti dolžnika ali garanta .
Credit claims must meet the high credit standards specified in the ECAF rules for non-marketable assets , as set out in Section 6.3.3 .'
Bančna posojila morajo izpolnjevati visoke bonitetne standarde , ki so opredeljeni v pravilih bonitetnega okvira Eurosistema ( ECAF ) za netržno finančno premoženje , kakor je opisano v oddelku 6.3.3 ."
L 267/32
L 267/32
( d ) The seventh bullet point of the second paragraph is replaced by the following : « Governing laws : The credit claim agreement and the agreement between the counterparty and the NCB mobilising the credit claim as collateral (" mobilisation agreement ") must both be governed by the law of a Member State .
( d ) Sedma alinea drugega odstavka se nadomesti z naslednjim : „Pravo : Posojilno pogodbo ter pogodbo med nasprotno stranko in NCB o mobilizaciji bančnega posojila kot zavarovanje ( ‚pogodba o mobilizaciji ') mora urejati pravo države članice .
Fur ­ thermore , the total number of different governing laws that are applicable to ( a ) the counterparty ; ( b ) the creditor ;
Poleg tega skupno število različnih prav , ki se uporabljajo za ( i ) nasprotno stranko , ( ii ) upnika ;
( d ) the guarantor ( if relevant ) ; ( e ) the credit claim agreement ;
( iii ) dolžnika , ( iv ) garanta ( če je predvideno ) , ( v ) posojilno pogodbo in ( vi ) pogodbo o mobilizaciji , ne sme biti večje od dva ."
( e ) In the eighth bullet point of the second paragraph footnote 20 is replaced by the following : « ( 20 ) See footnote 20 in this chapter .'
( e ) V osmi alinei drugega odstavka se opomba 20 nadomesti z naslednjim : „ ( 20 ) Glej opombo 20 v tem poglavju ."
( f ) The fourth bullet point of the third paragraph ( the first paragraph under the heading « Non-marketable retail mortgage-backed debt instruments ') is replaced by the following : « Place of establishment of the issuer : The issuer must be established in the euro area .'
( f ) Četrta alinea tretjega odstavka ( prvega odstavka pod naslovom „Netržni hipotekarni dolžniški instrumenti ( RMBD )") se nadomesti z naslednjim : „Kraj ustanovitve izdajatelja . Izdajatelj mora biti ustanovljen v euroobmočju ."
( g ) Footnote 22 in the sixth bullet point of the third paragraph is replaced by the following : « ( 22 ) See footnote 20 in this chapter .'
( g ) Opomba 22 v šesti alinei tretjega odstavka se nadomesti z naslednjim : „ ( 22 ) Glej opombo 20 v tem poglavju ."
Section 6.2.3 is amended as follows : ( a ) The following paragraph is inserted after the fifth paragraph ( the third paragraph under the heading « Rules for the use of eligible assets ') : « For monetary policy implementation purposes , in particular for the monitoring of compliance with the rules for the use of eligible assets concerning close links , the Eurosystem internally shares information on capital holdings provided by supervisory authorities for such purposes .
Oddelek 6.2.3 se spremeni : ( a ) Za petim odstavkom ( tretjim odstavkom pod naslovom „Pravila glede uporabe primernega finančnega premože ­ nja ") se vstavi naslednji odstavek : „Za potrebe izvajanja denarne politike , zlasti za spremljanje izpolnjevanja pravil glede uporabe primernega fi ­ nančnega premoženja v zvezi s tesnimi povezavami , si Eurosistem interno izmenjuje informacije o kapitalskih de ­ ležih , ki jih za te potrebe zagotavljajo nadzorni organi .
The information is subject to the same secrecy standards as applied by supervisory authorities .'
Za te informacije veljajo enaki standardi zaupnosti , kakor jih uporabljajo nadzorni organi ."
( b ) The sixth paragraph ( the fourth paragraph under the heading « Rules for the use of eligible assets ') is replaced by the following : « The above provisions concerning close links do not apply to : ( a ) close links between the counterparty and an EEA public sector entity which has the right to levy taxes , or in the case where a debt instrument is guaranteed by an EEA public sector entity which has the right to levy taxes ;
( b ) Šesti odstavek ( četrti odstavek pod naslovom „Pravila glede uporabe primernega finančnega premoženja ") se nadomesti z naslednjim : „Zgornje določbe o tesnih povezavah ne veljajo za : ( a ) tesne povezave med nasprotno stranko in osebo javnega sektorja iz EGP , upravičeno do odmerjanja davkov , ali kadar jamstvo za dolžniški instrument zagotavlja oseba jav ­ nega sektorja iz EGP , upravičena do odmerjanja davkov ;
( b ) covered bank bonds issued in accordance with the criteria set out in Article 22 ( 4 ) of the UCITS Directive ;
( b ) krite bančne obveznice , ki so izdane v skladu z merili , določenimi v členu 22 ( 4 ) direktive UCITS ;
or ( c ) cases in which debt instruments are protected by specific legal safeguards comparable to those instruments given under ( b ) such as in the case of ( i ) non-marketable retail mortgage-backed debt instruments ( RMBDs ) which are not securities ;
ali ( c ) primere , kjer dolžniške instrumente ščitijo posebna pravna varovala , primerljiva s tistimi pod točko ( b ) , kakor je to v primeru ( i ) netržnih hipotekarnih dolžniških instrumentov ( RMBD ) , ki niso vrednostni papirji , ali ( ii ) strukturiranih kritih obveznic , pri katerih kritni sklad pred ­ stavljajo stanovanjska posojila , ( tj .
or ( ii ) residential real estate loan-backed structured covered bonds ( i.e. certain covered bonds not declared UCITS compliant by the European Commis ­ sion ) that fulfil all the criteria that apply to asset-backed securities , as set out in Sections 6.2 and 6.3 and the fol ­ lowing additional criteria (*) : --- Any residential real estate loans underlying the structured covered bonds must be denominated in euro ;
določenih kritih obveznic , ki jih Evropska komisija ni razglasila za skladne z di ­ rektivo UCITS ) , ki izpolnjujejo vsa merila za kolateralizirane vrednostne papirje , kakor so določena v oddelkih 6.2 in 6.3 , in tudi naslednja dodatna merila (*) : --- Vsa stanovanjska posojila , ki predstavljajo zavarovanje za strukturirane krite obveznice , morajo biti denominirana v eurih ;
the issuer ( and the debtor and guarantor , if they are legal persons ) , must be incorporated in a Member State , their underlying assets must be located in a Member State , and the law governing the loan must be that of a Mem ­ ber State .
izdajatelj ( ter dolžnik in garant , če sta pravni osebi ) mora (- jo ) imeti sedež v državi čla ­ nici ; finančno premoženje za zavarovanje terjatev se mora nahajati v državi članici ;
Residential real estate loans are eligible for the cover pool of relevant structured covered bonds , if they are guaranteed by an eligible guarantee or secured by a mortgage .
in pravo , ki ureja posojilo , mora biti pravo države članice . Stanovanjska posojila so primerna za kritni sklad strukturiranih kritih obveznic , če je zanje zagotovljeno primerno jamstvo ali so zavarovana s hipoteko .
An eligible guarantee must be payable within 24 months upon default .
Primerno jamstvo mora biti izplačljivo v 24 mesecih po ne ­ plačilu dolžnika posojila .
Eligible guarantees for the purposes of such guaranteed loans can be provided in different contractual formats , including contracts of insurance , provided that they are granted by a public sector entity or a financial institution subject to public supervision .
Primerno jamstvo za potrebe takšnih posojil z jamstvom se lahko zagotovi v raz ­ ličnih pogodbenih oblikah , vključno z zavarovalnimi pogodbami , pod pogojem , da zavarovanje odobri oseba javnega sektorja ali finančna institucija pod javnim nadzorom .
The guarantor for the purposes of such guaranteed loans must not have close links to the issuer of the covered bonds , and must be rated at least A +/ A1 / AH by an accepted ECAI over the life of the transaction .
Garant za potrebe takšnih posojil z jamstvom ne sme imeti tesnih povezav z izdajateljem kritih obveznic in mora imeti oceno sprejete zunanje bonitetne institucije najmanj A +/ A1 / AH ves čas trajanja transakcije .
High quality substitute collateral up to 10 % of the cover pool is accepted .
Visokokakovostno nadomestno finančno premoženje za zavarovanje se sprejme za največ 10 % kritnega sklada .
This threshold can only be exceeded after an in-depth review by the relevant NCB .
Ta omejitev se lahko preseže samo po temeljiti preučitvi s strani zadevne NCB .
The maximum portion of each individual eligible loan that can be funded through the structured covered bond issuance is 80 % loan-to-value ( LTV ) .
Delež posojila glede na vrednost nepremičnine lahko znaša največ 80 % pri vsakem posameznem primer ­ nem posojilu , ki se lahko financira z izdajo strukturiranih kritih obveznic .
The LTV calculation must be based on a conservative market valuation .
Izračun deleža posojila glede na vrednost nepremičnine mora temeljiti na konzervativni oceni tržne vrednosti nepremičnine .
The maximum loan amount for residential real estate loans is EUR 1 million .
Najvišji znesek posojila pri stanovanjskih posojilih je 1 milijon EUR .
The stand-alone credit assessment of the cover pool must correspond to an annual PD level of 10 basis points in line with the « single A » threshold ( see Section 6.3.1 ) .
Samostojna bonitetna ocena kritnega sklada mora ustrezati verjetnosti neplačila v obdobju enega leta na rav ­ ni 10 bazičnih točk v skladu s pragom ‚single A » ( glej oddelek 6.3.1 ) .
EN ---
SL ---
Official Journal of the European Union A long-term minimum threshold of « single A » (" A - » by Fitch or Standard & Poor 's , or « A3 » by Moody 's , or « AL » by DBRS ) must be applied to the issuer and related entities which are part of or relevant to the trans ­ action relating to the structured covered bond .
Uradni list Evropske unije Dolgoročni spodnji prag ‚single A » ( ocena ‚A - » , ki jo dodeli Fitch ali Standard & Poor 's , ‚A3 » , ki jo dodeli Moody 's , ali ‚AL » , ki jo dodeli DBRS ) se mora uporabljati za izdajatelja in subjekte , ki so udeleženi v trans ­ akciji v zvezi s strukturiranimi kritimi obveznicami ali so pomembni zanjo . Poleg tega morajo nasprotne stranke predložiti pravno mnenje ugledne odvetniške družbe , da so izpolnjeni naslednji pogoji .
Furthermore , counterparties have to provide legal confirmation from a reputable law firm confirming the fulfilment of the following conditions : The issuer of the bonds is a credit institution incorporated in an EU Member State , and is not a specialpurpose vehicle , even if such bonds are guaranteed by a credit institution incorporated in an EU Member State .
Izdajatelj obveznic je kreditna institucija s sedežem v državi članici EU in ni subjekt za posebne namene , tudi če za te obveznice jamči kreditna institucija s sedežem v državi članici EU .
The issuer / issue of the bonds is subject , by the law of the Member State where the issuer is incorporated or where the bonds were issued , to special public supervision designed to protect bondholders .
Izdajatelj / izdaja obveznic je v skladu s pravom države članice , kjer ima izdajatelj sedež ali kjer so bile obveznice izdane , pod posebnim javnim nadzorom , namenjenim zaščiti imetnikov obveznic .
In the event of the insolvency of the issuer , bondholders have priority as regards reimbursement of the prin ­ cipal and payment of interest deriving from the ( underlying ) eligible assets .
V primeru insolventnosti izdajatelja imajo imetniki obveznic prednostno pravico do vračila glavnice in izplačila obresti iz naslova primernega finančnega premoženja ( v kritnem skladu ) .
Sums deriving from the issue of the bonds must be invested ( according to the investment rules set out by the bond documentation ) in conformity with the relevant national covered bond legislation or other legislation applicable to the assets in question .
Denarni zneski , zbrani z izdajo obveznic , morajo biti naloženi ( po pravilih vlaganja , določenih v dokumen ­ taciji o obveznicah ) v skladu z ustrezno nacionalno zakonodajo , ki ureja krite obveznice , ali drugo zakono ­ dajo , ki velja za zadevno finančno premoženje .
(*) Structured covered bonds submitted before 10 October 2010 that do not comply with these criteria can con ­ tinue to be used until 31 March 2011 .'
(*) Strukturirane krite obveznice , ki so bile predložene pred 10 . oktober 2010 in ne izpolnjujejo teh meril , se lahko uporabljajo še do 31 .
( c ) Table 4 is replaced by the following : « Table 4 Eligible assets for Eurosystem monetary policy operations
( c ) Tabela 4 se nadomesti z naslednjim : „Tabela 4 Primerno finančno premoženje za operacije denarne politike Eurosistema
Marketable assets ( 1 )
Tržno finančno premoženje ( 1 )
Non-marketable assets ( 2 ) Type of asset
Netržno finančno premoženje ( 2 )
ECB debt certificates Other marketable debt instruments ( 3 ) Credit claims
Dolžniški certifikati ECB Drugi tržni dolžniški in ­ strumenti ( 3 )
RMBDs
Bančna posojila RMBD
The asset must meet high credit standards .
Finančno premoženje mora izpolnjevati visoke bonitetne standarde .
The high credit standards are assessed using ECAF rules for marketable assets ( 3 )
Izpol ­ njevanje visokih bonitetnih standardov se oceni s po ­ močjo pravil bonitetnega okvira Eurosistema za trž ­ no finančno premoženje ( 3 )
The debtor / guarantor must meet high credit standards .
Dolžnik / garant mora iz ­ polnjevati visoke bonitetne standarde .
The creditworthiness is assessed using ECAF rules for credit claims
Boniteta se oce ­ ni s pomočjo pravil boni ­ tetnega okvira Eurosistema za bančna posojila
The asset must meet high credit standards .
Finančno premoženje mora izpolnjevati viso ­ ke bonitetne standarde .
The high credit stan ­ dards are assessed using ECAF rules for RMBDs Place of issue
Izpolnjevanje visokih bonitetnih standardov se oceni s pomočjo pravil bonitetnega okvi ­ ra Eurosistema za RMBD
EEA ( 3 )
EGP ( 3 )
Settlement / handling procedures
Poravnava / postopki upravljanja
Place of settlement : euro area Instruments must be cen ­ trally deposited in bookentry form with central banks or a SSS fulfilling the ECB 's minimum stan ­ dards
Kraj poravnave : euroobmočje Instrumenti morajo biti centralno registrirani v nematerializirani obliki pri centralni banki ali PSVP , ki izpolnjuje mini ­ malne standarde ECB
Type of issuer / debtor / guarantors
Vrsta izdajatelja / dolžnika / garanta
Central banks Public sector Private sector International and suprana ­ tional institutions
Centralne banke Javni sektor Zasebni sektor Mednarodne in nadnacionalne institucije
Public sector Non-financial corporations International and suprana ­ tional institutions
Javni sektor Nefinančne družbe Mednarodne in nadnacionalne institucije
Official Journal of the European Union Eligibility criteria Marketable assets ( 1 ) Non-marketable assets ( 2 )
Uradni list Evropske unije Merila primernosti Tržno finančno premoženje ( 1 ) Netržno finančno premoženje ( 2 )
Place of establishment of the issuer , debtor and guarantor
Kraj ustanovitve izdajatelja , dolžnika in garanta
Issuer ( 3 ) : EEA or non-EEA G10 countries Debtor : EEA Guarantor ( 3 ) : EEA
Izdajatelj ( 3 ) : EGP ali države skupine G10 zunaj EGP Dolžnik : EGP Garant ( 3 ) : EGP
Regulated markets Non-regulated markets accepted by the ECB
Organizirani trgi Neorganizirani trgi , ki jih sprejema ECB
Minimum size threshold at the time of submission of the credit claim Between 1 January 2007 and 31 December 2011 : --- --- for domestic use : choice of the NCB , for cross-border use : common threshold of EUR 500 000 ,
januarjem 2007 in 31 . decembrom 2011 : --- --- domača uporaba : izbira NCB , čezmejna uporaba : enoten najmanjši do ­ voljeni znesek 500 000 EUR
As from 1 January 2012 : common minimum threshold of EUR 500 000 throughout the euro area Governing laws
Od 1 . januarja 2012 : enoten najmanjši dovoljeni znesek 500 000 EUR v celotnem euroobmočju
For asset-backed securities the acquisition of the underlying assets must be governed by the law of an EU Member State . The law governing underlying credit claims must be the law of an EEA country
Pri kolateraliziranih vrednostnih papirjih mora pridobitev finančnega pre ­ moženja za zavarovanje terjatev urejati pravo države članice EU .
Governing law for credit claim agreement and mobilisation : law of a MemberState The total number of differ ­ ent laws applicable to ( a ) the counterparty ;
Pravo , ki ureja bančna posojila , s katerimi so terjatve zavarovane , mora biti pra ­ vo države EGP Pravo , ki ureja posojilno pogodbo in mobilizacijo : pravo države članice Skupno število različnih prav , ki se uporabljajo za ( a ) nasprotno stranko ;
( b ) the creditor ;
( b ) upnika ;
( c ) the debtor ;
( c ) dolžnika ;
( d ) the guarantor ( if rel ­ evant ) ;
( d ) garanta ( če je predvi ­ deno ) ;
( e ) ( f ) the credit claim agree ­ ment ;
( e ) ( f ) posojilno pogodbo ;
and the mobilisation agreement shall not exceed two
in pogodbo o mobilizaciji , ne sme biti večje od dva
Cross-border use Yes
Čezmejna uporaba
( 1 ) Further details are set out in Section 6.2.1 .
Da ( 1 ) Podrobnosti so opisane v oddelku 6.2.1 .
( 2 ) Further details are set out in Section 6.2.2 .
( 2 ) Podrobnosti so opisane v oddelku 6.2.2 .
( 3 ) The credit standard of non-rated marketable debt instruments issued or guaranteed by non-financial corporations is deter ­ mined on the basis of the credit assessment source chosen by the relevant counterparty in accordance with the ECAF rules applicable to credit claims , as set out in Section 6.3.3 .
( 3 ) Bonitetni standard za tržne dolžniške instrumente brez bonitetne ocene , ki jih izdajo ali zanje jamčijo nefinančne družbe , se določi na podlagi bonitetnega vira , ki ga izbere posamezna nasprotna stranka v skladu s pravili bonitetnega okvira Eurosistema , ki veljajo za bančna posojila , kakor je opisano v poglavju 6.3.3 .
In the case of these marketable debt instruments , the following eligi ­ bility criteria for marketable assets have been amended : place of establishment of the issuer / guarantor : euro area ;
V primeru teh tržnih dolžniških instrumentov sta bili spre ­ menjeni naslednji merili primernosti za tržno finančno premoženje : kraj ustanovitve izdajatelja / garanta : euroobmočje ;
place of issue : euro area .'
kraj iz ­ daje : euroobmočje ."
L 267/35 31 .
SL 31 .
Section 6.3.1 is amended as follows : ( a )
Oddelek 6.3.1 se spremeni : ( a ) Uradni list Evropske unije
The fourth paragraph is replaced by the following : « With regard to the ECAI source , the assessment must be based on a public rating .
Četrti odstavek se nadomesti z naslednjim : „Ko gre za zunanje bonitetne institucije , mora ocena temeljiti na javni bonitetni oceni .