natgillin/translations-raw huggingface dataset:
This is the correspondent central banking model ( CCBM ) , under which national central banks act as custodians (' correspondents ') for each other ( and for the ECB ) in respect of assets accepted in their local depository or settlement system .
Ta mehanizem je korespondenčni centralnobančni model ( CCBM ) , v katerem nacionalne centralne banke za finančno premoženje , ki so ga sprejele v svoj lokalni register ali poravnalni sistem , delujejo kot skrbniki ( „korespondenti ") druga za drugo ( in za ECB ) . Posebne rešitve se lahko uporabljajo za netržno finančno premoženje , tj .
Specific solutions can be used for non-marketable assets , i.e. credit claims and RMBDs , which cannot be transferred through an SSS ( 46 ) .
bančna posojila in netržne hipotekarne dolžniške instrumente , ki ga ni mogoče prenesti prek PSVP ( 46 ) .
The CCBM may be used to collateralise all kinds of Eurosystem credit operations .
Model CCBM se lahko uporabi za zavarovanje terjatev vseh vrst kreditnih operacij Eurosistema .
In addition to the CCBM , eligible links between SSSs can be used for the cross-border transfer of marketable assets ( 47 ) .
Poleg modela CCBM se za prenos tržnega finančnega premoženja prek meje lahko uporabljajo primerne povezave med sistemi PSVP ( 47 ) .
Correspondent central banking model The correspondent central banking model is illustrated in Chart 3 below .
Korespondenčni centralnobančni model Korespondenčni centralnobančni model je prikazan na sliki 3 spodaj .
All national central banks maintain securities accounts with each other for the purpose of the cross-border use of eligible assets .
Vse nacionalne centralne banke imajo druga pri drugi odprt račun vrednostnih papirjev za namen uporabe primernega finančnega premoženja za čezmejno zavarovanje terjatev .
The precise procedure of the CCBM depends on whether the eligible assets are earmarked for each individual transaction or whether they are held in a pool of underlying assets ( 48 ) .
Natančen postopek za CCBM je odvisen od tega , ali je primerno finančno premoženje za zavarovanje terjatev označeno za vsako posamezno transakcijo ali pa se uporablja sklad finančnega premoženja za zavarovanje terjatev ( 48 ) .
--- In an earmarking system , as soon as a counterparty 's bid for credit is accepted by the national central bank of the Member State in which the counterparty is established ( i.e. the « home central bank ') , the counterparty
--- Če je v uporabi sistem z označevanjem finančnega premoženja , nasprotna stranka takoj , ko nacionalna centralna banka države članice , v kateri je ustanovljena ( tj .
( 46 ) Details are provided in the brochure entitled « Correspondent central banking model ( CCBM ) procedure for Eurosystem counterparties » , which is available on the ECB 's website ( www.ecb.int ) .
( 46 ) Podrobnosti so navedene v brošuri z naslovom „Korespondenčni centralnobančni modela ( CCBM ) . Postopki za nasprotne stranke v Eurosistemu » , ki je na voljo na spletni strani ECB ( www.ecb.int ) .
( 47 ) Eligible assets may be used through an account of a central bank in an SSS located in a country other than that of the central bank in question if the Eurosystem has approved the use of such an account .
( 47 ) Primerno finančno premoženje za zavarovanje terjatev se lahko uporablja prek računa centralne banke pri PSVP , ki je v drugi državi kot zadevna centralna banka , če Eurosistem odobri uporabo takega računa .
Since 1999 , De Nederlandsche Bank has been authorised to use its account with Euroclear Belgium to settle collateral transactions in the Eurobonds issued in that ICSD .
Od leta 1999 dalje sme De Nederlandsche Bank uporabljati svoj račun pri Euroclear Belgium , ko gre za poravnavo zavarovalnih transakcij z evroobveznicami , izdanimi pri tej mednarodni depotni družbi .
Since August 2000 , the Central Bank and Financial Services Authority of Ireland has been authorised to open such an account with Euroclear .
Od avgusta 2000 dalje sme Central Bank and Financial Services Authority of Ireland odpreti tak račun v sistemu Euroclear .
This account can be used for all eligible assets held in Euroclear , i.e. including eligible assets transferred to Euroclear through eligible links .
Ta račun se lahko uporablja za vse primerno finančno premoženje za zavarovanje terjatev pri sistemu Euroclear , tj . vključno s primernim finančnim premoženjem za zavarovanje terjatev , ki je preneseno na Euroclear prek primernih povezav .
( 48 ) See footnote 46 in this chapter .
( 48 ) Glej opombo 46 v tem poglavju .
Official Journal of the European Union instructs ( via its own custodian , if necessary ) the SSS in the country in which its marketable assets are held to transfer them to the central bank of that country for the account of the home central bank .
Uradni list Evropske unije „domača centralna banka ") , sprejme njeno protiponudbo za posojilo , izda nalog ( prek lastnega skrbnika , če je to potrebno ) poravnalnemu sistemu vrednostnih papirjev v državi , v kateri se nahaja tržno finančno premoženje , da ga prenese na centralno banko te države za račun domače centralne banke .
Once the home central bank has been informed by the correspondent central bank that the collateral has been received , it transfers the funds to the counterparty .
Ko je domača centralna banka obveščena s strani korespondenčne centralne banke , da je le-ta prejela zavarovanje terjatev , domača centralna banka nakaže denarna sredstva nasprotni stranki .
Central banks do not advance funds until they are certain that the counterparties » marketable assets have been received by the correspondent central bank .
Centralne banke ne nakažejo denarnih sredstev , dokler niso prepričane o tem , da je korespondenčna centralna banka prejela tržno finančno premoženje nasprotne stranke .
Where necessary to meet settlement deadlines , counterparties may be able to pre-deposit assets with correspondent central banks for the account of their home central bank using the CCBM procedures .
Če je zaradi izpolnitve roka za poravnavo potrebno , lahko nasprotne stranke vnaprej deponirajo finančno premoženje pri korespondenčnih centralnih bankah za račun njihove domače centralne banke z uporabo postopkov CCBM .
In a pooling system , the counterparty is able at any time to provide the correspondent central bank with marketable assets for the account of the home central bank .
V sistemu s skladom finančnega premoženja za zavarovanje terjatev lahko nasprotna stranka v vsakem trenutku zagotovi korespondenčni centralni banki tržno finančno premoženje za račun domače centralne banke .
Once the home central bank has been informed by the correspondent central bank that the marketable assets have been received , it will add these marketable assets to the pool account of the counterparty .
Ko je domača centralna banka s strani korespondenčne centralne banke obveščena , da je le-ta prejela tržno finančno premoženje , bo domača centralna banka dodala to tržno finančno premoženje v sklad finančnega premoženja nasprotne stranke .
Specific procedures for cross-border use have been developed for non-marketable assets , i.e. credit claims and RMBDs ( 49 ) .
za bančna posojila in netržne hipotekarne dolžniške instrumente ( 49 ) .
When credit claims are used as collateral in a cross-border context ( 50 ) , a CCBM variant is applied to credit claims , which is based on a transfer of ownership to , an assignment to , a pledge in favour of the home central bank , or a charge in favour of the correspondent central bank acting as the agent for the home central bank .
Ko se kot zavarovanje terjatev čez mejo uporabljajo bančna posojila ( 50 ) , zanje velja različica CCBM , ki temelji na prenosu lastništva , odstopu terjatve ali zastavi v korist domače centralne banke oziroma na zavarovanju ( charge ) v korist korespondenčne centralne banke , ki deluje kot agent za domačo centralno banko .
A further ad hoc variant based on the charge in favour of the correspondent central bank acting as the agent for the home central bank has been implemented to allow the cross-border use of RMBDs .
Nadaljnja ad hoc različica , ki temelji na zavarovanju ( charge ) v korist korespondenčne centralne banke , ki deluje kot agent za domačo centralno banko , je bila razvita za čezmejno uporabo netržnih hipotekarnih dolžniških instrumentov .
The CCBM is available to counterparties ( both for marketable and non-marketable assets ) from 9 a.m. to 4 p.m. ECB time ( CET ) on each Eurosystem business day .
CCBM je nasprotnim strankam ( za tržno in netržno finančno premoženje ) na voljo od 9.00 do 16.00 ure po času ECB ( srednjeevropski čas ) na vsak delovni dan Eurosistema .
A counterparty wishing to make use of the CCBM must advise the national central bank from which it wishes to receive credit -- i.e. its home central bank -- before 4 p.m. ECB time ( CET ) .
Nasprotna stranka , ki želi uporabiti CCBM , mora to sporočiti nacionalni centralni banki , od katere želi dobiti posojilo , tj . svoji domači centralni banki , pred 16.00 uro po času ECB ( srednjeevropski čas ) .
Furthermore , the counterparty must ensure that the collateral for securing monetary policy operations is delivered to the account of the correspondent central bank by 4.45 p.m. ECB time ( CET ) at the latest .
Poleg tega mora nasprotna stranka zagotoviti , da se finančno premoženje za zavarovanje terjatev v operacijah denarne politike dostavi na račun korespondenčne centralne banke najkasneje do 16.45 ure po času ECB ( srednjeevropski čas ) .
Instructions or deliveries not respecting this deadline will only be considered for credit given on the following business day .
Sporočila ali dostave , ki ne bodo prispela pravočasno , se bodo upoštevala samo za posojilo , odobreno na naslednji delovni dan .
When the counterparties foresee a need to use the CCBM late in the day , they should , where possible , deliver the assets in advance ( i.e. pre-deposit them ) .
Ko nasprotne stranke predvidijo potrebo po uporabi CCBM proti koncu dne , morajo , kjer je to možno , izročiti finančno premoženje vnaprej ( tj . vnaprej deponirati finančno premoženje ) .
In exceptional circumstances or when required for monetary policy purposes , the ECB may decide to extend the closing time of the CCBM until the closing time of TARGET .
V izrednih okoliščinah ali ko se to zahteva za namene denarne politike , se ECB lahko odloči podaljšati čas za zapiranje CCBM do časa zaprtja sistema TARGET .
CHART 4 Links between securities settlement systems
SLIKA 4 Povezave med poravnalnimi sistemi vrednostnih papirjev
( 49 ) See footnote 46 in this chapter .
( 49 ) Glej opombo 46 v tem poglavju .
( 50 ) CCBM procedures deal only with those cases where the debtor is located in the country of the law governing the credit claim .
( 50 ) Postopki CCBM veljajo samo za primere , kjer se dolžnik nahaja v državi zakonodaje , ki ureja bančna posojila .
Links between securities settlement systems In addition to the CCBM , eligible links between EU SSSs can be used for the cross-border transfer of marketable assets .
Povezave med poravnalnimi sistemi vrednostnih papirjev Poleg modela CCBM se lahko za prenos tržnega finančnega premoženja prek meje uporabljajo primerne povezave med PSVP v EU .
A direct or relayed link between two SSSs allows a participant in one SSS to hold securities issued in another SSS without being a participant in that other SSS ( 51 ) .
Neposredna ali relejska povezava med dvema PSVP dovoljuje udeleženki enega PSVP , da ima vrednostne papirje , izdane v drugem PSVP , ne da bi bila udeleženka tega drugega PSVP ( 51 ) .
Before these links can be used to transfer collateral for Eurosystem credit operations , they have to be assessed and approved against the standards for the use of EU SSSs ( 52 ) ( 53 ) .
Preden se lahko te povezave uporabijo za prenos zavarovanja v kreditnih operacijah Eurosistema , jih je treba oceniti in odobriti v skladu s standardi za uporabo PSVP v EU ( 52 ) ( 53 ) .
From a Eurosystem perspective , the CCBM and the links between EU SSSs fulfil the same role of allowing counterparties to use collateral on a cross-border basis , i.e. both enable counterparties to use collateral to obtain credit from their home central bank , even if this collateral was issued in an SSS of another country .
S stališča Eurosistema imajo CCBM in povezave med PSVP v EU enako vlogo , to je omogočajo nasprotnim strankam , da uporabijo čezmejno zavarovanje . Oboje omogoča nasprotnim strankam , da uporabijo finančno premoženje za pridobitev posojila od njihove domače centralne banke , tudi če je bilo to finančno premoženje izdano v PSVP druge države .
The CCBM and the links between SSSs perform this function in different ways .
CCBM in povezave med PSVP to funkcijo opravljajo na različna načina .
In the CCBM , the cross-border relationship is between the national central banks .
V CCBM čezmejno razmerje predstavlja razmerje med nacionalnimi centralnimi bankami .
Using the links , the cross-border relationship is between the SSSs .
Pri uporabi povezav pa čezmejno razmerje predstavlja razmerje med PSVP .
They open omnibus accounts with one another .
Le-ti eden pri drugem odprejo zbirni račun .
Assets deposited with a correspondent central bank can only be used to collateralise Eurosystem credit operations .
Finančno premoženje , deponirano pri korespondenčni centralni banki , se lahko uporablja samo za zavarovanje terjatev v kreditnih operacijah Eurosistema .
Assets held through a link can be used for Eurosystem credit operations , as well as for any other purpose selected by the counterparty .
Finančno premoženje , ki je dostopno prek povezave , se lahko uporablja za kreditne operacije Eurosistema kot tudi za kateri koli drugi namen , izbran s strani nasprotne stranke .
When using links between SSSs , the counterparties hold the assets on their own account with their home SSS and have no need for a custodian .
Ob uporabi povezav med PSVP imajo nasprotne stranke finančno premoženje na svojih lastnih računih pri svojem domačem PSVP in nimajo potrebe po skrbniku .
( 51 ) A link between two SSSs consists of a set of procedures and arrangements for the cross-border transfer of securities through a bookentry process .
( 51 ) Povezava med dvema PSVP obsega sklop postopkov in dogovorov za čezmejni prenos vrednostnih papirjev s prenosom med računi nematerializiranih vrednostnih papirjev .
A link takes the form of an omnibus account opened by an SSS ( the investor SSS ) in another SSS ( the issuer SSS ) .
Povezava je v obliki zbirnega računa , ki ga odpre en PSVP ( sistem investitor ) v drugem PSVP ( sistem izdajatelj ) .
A direct link implies that no intermediary exists between the two SSSs .
Neposredna povezava pomeni , da med dvema PSVP ni nobenega posrednika .
Relayed links between SSSs may also be used for the cross-border transfer of securities to the Eurosystem .
Poleg tega se lahko uporabi za čezmejni prenos vrednostnih papirjev v korist Eurosistema tudi relejska povezava med PSVP .
A relayed link is a contractual and technical arrangement that allows two SSSs not directly connected to each other to exchange securities transactions or transfers through a third SSS acting as the intermediary .
Relejska povezava je pogodbena in tehnična ureditev , ki omogoča dvema PSVP brez neposredne medsebojne povezave , da izmenjata transakcije in prenose vrednostnih papirjev prek tretjega PSVP , ki deluje kot posrednik .
( 52 ) The updated list of eligible links can be found on the ECB 's website ( www.ecb.int ) .
( 52 ) Dopolnjen seznam primernih povezav se nahaja na spletni strani ECB ( www.ecb.int ) .
( 53 ) See the publication entitled « Standards for the use of EU securities settlement systems in ESCB credit operations » , European Monetary Institute , January 1998 , on the ECB 's website ( www.ecb.int ) .
( 53 ) Glej publikacijo z naslovom „Standards for the use of EU securities settlement systems in ESCB credit operations » , Evropski monetarni inštitut , januar 1998 , na spletni strani ECB ( www.ecb.int ) .
Official Journal of the European Union CHAPTER 7 MINIMUM RESERVES ( 1 )
Uradni list Evropske unije POGLAVJE 7 OBVEZNE REZERVE ( 1 )
General considerations The ECB requires credit institutions to hold minimum reserves on accounts with the national central banks within the framework of the Eurosystem 's minimum reserve system .
Splošen opis ECB od kreditnih institucij zahteva , da vzdržujejo obvezne rezerve na računih pri nacionalnih centralnih bankah v sklopu sistema obveznih rezerv Eurosistema . Pravni okvir za ta sistem je opredeljen v členu 19 Statuta ESCB , Uredbi Sveta ( ES ) št .
The legal framework for this system is laid down in Article 19 of the Statute of the ESCB , Council Regulation ( EC ) No 2531/98 of 23 November 1998 concerning the application of minimum reserves by the European Central Bank ( 2 ) and Regulation ( EC ) No 1745/2003 of the European Central Bank on the application of minimum reserves ( ECB / 2003/9 ) ( 3 ) .
novembra 1998 o uporabi obveznih rezerv s strani Evropske centralne banke ( 2 ) in Uredbi ( ES ) št . 1745/2003 Evropske centralne banke o uporabi obveznih rezerv ( ECB / 2003/9 ) ( 3 ) .
The application of Regulation ECB / 2003/9 ensures that the terms and conditions of the Eurosystem 's minimum reserve system are uniform throughout the euro area .
Uporaba Uredbe ECB / 2003/9 zagotavlja , da so pogoji sistema obveznih rezerv Eurosistema enotni v celotnem euroobmočju .
The amount of minimum reserves to be held by each institution is determined in relation to its reserve base .
Znesek izračunanih obveznih rezerv , ki ga mora vzdrževati vsaka institucija , se določi glede na njeno osnovo za obvezne rezerve .
The Eurosystem 's minimum reserve system enables counterparties to make use of averaging provisions , implying that compliance with reserve requirements is determined on the basis of the average of the end-of-calendar-day balances on the counterparties » reserve accounts over a maintenance period .
Sistem obveznih rezerv Eurosistema omogoča nasprotnim strankam uporabo določbe o povprečenju , kar pomeni , da se obvezne rezerve izpolnjujejo na podlagi povprečnih stanj ob koncu koledarskega dneva na računih rezerv nasprotnih strank v obdobju izpolnjevanja obveznih rezerv .
Institutions » holdings of required reserves are remunerated at the rate on the Eurosystem 's main refinancing operations .
Rezervna imetja do zneska izračunanih obveznih rezerv se obrestujejo po obrestni meri operacij glavnega refinanciranja Eurosistema .
The Eurosystem 's minimum reserve system primarily pursues the following monetary functions : --- Stabilisation of money market interest rates : The averaging provision of the Eurosystem 's minimum reserve system aims to contribute to the stabilisation of money market interest rates by giving institutions an incentive to smooth the effects of temporary liquidity fluctuations .
Sistem obveznih rezerv Eurosistema je poglavitno namenjen izvajanju naslednjih denarnih funkcij : --- stabilizacija obrestnih mer denarnega trga : določba o povprečenju ima za cilj prispevati k stabilizaciji obrestnih mer denarnega trga s tem , da daje obveznikom spodbude k izravnavi učinkov začasnih nihanj likvidnosti ;
Creation or enlargement of a structural liquidity shortage : The Eurosystem 's minimum reserve system contributes to creating or enlarging a structural liquidity shortage .
ustvarjanje ali povečanje strukturnega likvidnostnega primanjkljaja : sistem obveznih rezerv Eurosistema prispeva k nastanku ali povečanju strukturnega likvidnostnega primanjkljaja .
This may be helpful in improving the ability of the Eurosystem to operate efficiently as a supplier of liquidity .
To lahko izboljša sposobnost Eurosistema , da deluje kot učinkovit ponudnik likvidnosti .
In the application of minimum reserves , the ECB is bound to act in pursuance of the objectives of the Eurosystem as defined in Article 105 ( 1 ) of the Treaty and Article 2 of the Statute of the ESCB , which implies , inter alia , the principle of not inducing significant undesirable delocation or disintermediation .
Pri izvajanju obveznih rezerv je ECB zavezana , da ravna v skladu s cilji Eurosistema , kot so opredeljeni v členu 105 ( 1 ) Pogodbe in členu 2 Statuta ESCB , kar med drugim pomeni , da ne spodbuja znatne nezaželene delokacije ali disintermediacije .
Institutions subject to minimum reserve requirements Pursuant to Article 19.1 of the Statute of the ESCB , the ECB requires credit institutions established in Member States to hold minimum reserves .
Institucije , ki so obvezniki obveznih rezerv Na podlagi člena 19.1 Statuta ESCB ECB od kreditnih institucij , ustanovljenih v državah članicah , zahteva , da imajo obvezne rezerve .
This implies that branches in the euro area of entities with no registered office in the euro area are also subject to the Eurosystem 's minimum reserve system .
To pomeni , da so v euroobmočju ustanovljene podružnice oseb , ki nimajo registriranega sedeža v euroobmočju , tudi obvezniki obveznih rezerv Eurosistema .
However , branches located outside the euro area of credit institutions established in the euro area are not subject to this system .
Za podružnice kreditnih institucij , ustanovljenih v euroobmočju , ki so ( podružnice ) locirane zunaj euroobmočja , ta sistem ne velja .
Institutions will be automatically exempt from reserve requirements from the start of the maintenance period within which their authorisation is withdrawn or surrendered , or within which a decision to submit the institution to winding-up proceedings is taken by a judicial authority or any other competent authority of a participating Member State .
Institucije bodo avtomatično izvzete iz sistema obveznih rezerv od začetka obdobja izpolnjevanja obveznih rezerv , v katerem jim je bilo odvzeto dovoljenje za poslovanje oziroma so to dovoljenje vrnile , ali v katerem se je pravosodna ali katera koli druga pristojna oblast sodelujoče države članice odločila sprožiti postopek likvidacije nad zadevno institucijo .
According to Council Regulation ( EC ) No 2531/98 and Regulation ECB / 2003/9 , the ECB may also exempt institutions from their obligations under the Eurosystem 's minimum reserve system on a nondiscriminatory basis if the purposes of this system would not be met by imposing these obligations on those particular institutions .
V skladu z Uredbo Sveta ( ES ) št . 2531/98 in Uredbo ECB / 2003/9 lahko ECB iz sistema obveznih rezerv Eurosistema izvzame tudi druge institucije na nediskriminatorni osnovi , če cilji tega sistema ne bi bili doseženi z vključitvijo teh institucij v sistem obveznih rezerv .
In its decision on any such exemption , the ECB takes into account one or more of the following criteria : --- --- the institution is pursuing special purpose functions ;
Pri sklepanju o tovrstnih izjemah ECB upošteva eno ali več naslednjih meril : --- --- institucija opravlja funkcije posebnega namena ;
the institution is not exercising active banking functions in competition with other credit institutions ;
institucija ne izvaja aktivnih bančnih funkcij v konkurenci z drugimi kreditnimi institucijami ;
and / or --- the institution has all its deposits earmarked for purposes related to regional and / or international development assistance .
in / ali --- institucija uporablja vse svoje depozite za namene , povezane z regionalno in / ali mednarodno razvojno pomočjo .
The content of this chapter is provided for information purposes only .
Vsebina tega poglavja je le informativna .
The ECB also makes public a list of any institutions exempt from their obligations under this system for reasons other than their being subject to reorganisation measures ( 4 ) .
ECB javno objavlja tudi seznam vseh institucij , ki so izvzete iz tega sistema zaradi drugih razlogov in ne zaradi ukrepov reorganizacije ( 4 ) .
The lists , available to the public after close of business on the last Eurosystem business day of each calendar month , are valid for the calculation of the reserve base for the maintenance period beginning in the calendar month two months later .
Seznami , dostopni javnosti po zaključku poslovanja na zadnji delovni dan Eurosistema v vsakem koledarskem mesecu , so veljavni za izračun osnove za rezerve za obdobje izpolnjevanja obveznih rezerv , ki se začne v koledarskem mesecu dva meseca pozneje .