natgillin/translations-raw huggingface dataset:
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 SSS imajo nasprotne stranke finančno premoženje na svojih lastnih računih pri svojem matičnem SSS in nimajo potrebe po skrbniku .
( 69 ) The updated list of eligible links can be found on the ECB 's website ( www.ecb.int ) .
( 69 ) Posodobljen seznam primernih povezav se nahaja na spletni strani ECB ( www.ecb.int ) .
( 70 ) 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 ) .
( 70 ) Glej publikacijo z naslovom ‚Standardi za uporabo sistemov za poravnavo vrednostnih papirjev v EU v posojilnih operacijah ESCB » , Mednarodni denarni sklad , januar 1998 , na spletni strani ECB ( www.ecb.int ) .
Official Journal of the European Union CHAPTER 7
Uradni list Evropske unije POGLAVJE 7
MINIMUM RESERVES ( 71 ) 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 .
ECB zahteva od kreditnih institucij , da vzdržujejo obvezne rezerve na računih pri nacionalnih centralnih bankah v sklopu sistema obveznih rezerv Evrosistema . 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 ( 72 ) and Regulation ( EC ) No 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves ( ECB / 2003/9 ) ( 73 ) .
novembra 1998 o uporabi obveznih rezerv s strani Evropske centralne banke ( 72 ) in Uredbi ( ES ) št . 1745/2003 Evropske centralne banke o uporabi obveznih rezerv ( ECB / 2003/9 ) ( 73 ) .
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 Evrosistema enotni po vsem evro območju .
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 vsaka institucija vzdrževati , se določi glede na njeno osnovo za 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 Evrosistema 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 času obdobja 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 Evrosistema .
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 .
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 Evrosistema 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 Evrosistema , 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 Evrosistema , kot so opredeljeni v členu 105 ( 1 ) Pogodbe in členu 2 Statuta ESCB , kar med drugim pomeni , da ne spodbuja znatnih nezaželenih pojavov delokacije ali pomanjkanja 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 za obvezne rezerve 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 evro območju podružnice oseb , ki nimajo registriranega sedeža v evro območju , tudi obvezniki obveznih rezerv Evrosistema .
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 evro območju , ki so locirane izven evro območja , ta sistem ne velja .
Institutions will be automatically exempted 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 trajno ali začasno odvzeto dovoljenje za poslovanje , ali v katerem se je pravosodna ali katera koli druga pristojna oblast sodelujoče države članice odločila sprožiti postopek likvidacije nad zadevno institucijo .
According to 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 izpolnjevanja obveznih rezerv Evrosistema izvzame tudi druge kategorije institucij 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 ( 71 ) The content of this chapter is provided for information purposes only .
in / ali ( 71 ) Vsebina tega poglavja je le informativna .
( 72 ) OJ L 318 , 27.11.1998 , p. 1 .
( 72 ) UL L 318 , 27.11.1998 , stran 1 .
( 73 ) OJ L 250 , 2.10.2003 , p. 10 .
( 73 ) UL L 250 , 2.10.2003 , str . 10 .
--- the institution has all its deposits earmarked for purposes related to regional and / or international development assistance .
--- institucija uporablja vse svoje depozite za namene , povezane z regionalno in / ali mednarodno razvojno pomočjo .
The ECB establishes and maintains a list of institutions subject to the Eurosystem 's minimum reserve system .
ECB oblikuje in vodi seznam institucij , za katere velja sistem obveznih rezerv Evrosistema .
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 ( 74 ) .
ECB javno objavlja tudi seznam vseh institucij , ki so izvzete iz tega sistema zaradi drugih razlogov in ne zaradi ukrepov reorganizacije ( 74 ) .
Counterparties may rely on these lists in deciding whether their liabilities are owed to another institution that is itself subject to reserve requirements .
Nasprotne stranke se lahko zanesejo na te sezname pri odločanju , ali so njihove obveznosti terjatve druge institucije , ki je obveznik obveznih rezerv .
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 Evrosistema 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 .
For example , the list published at the end of February would be valid for the calculation of the reserve base for the maintenance period beginning in April .
Na primer , seznam , objavljen ob koncu februarja , bi veljal za izračun osnove za rezerve za obdobje izpolnjevanja obveznih rezerv , ki se začne v aprilu .
( a ) R e s e r v e b a s e a n d r e s e r v e r a t i o s
( a ) O s n o v a z a r e z e r v e i n s t o p n j e o b v e z n i h r e z e r v
The reserve base of an institution is defined in relation to elements of its balance sheet .
Osnova za rezerve posamezne institucije se določi glede na sestavine njene bilance stanja .
The balance sheet data are reported to the national central banks within the general framework of the ECB 's money and banking statistics ( see Section 7.5 ) ( 75 ) .
Podatki bilance stanja se poročajo nacionalnim centralnim bankam v splošnem okviru denarne in bančne statistike ECB ( glej oddelek 7.5 ) ( 75 ) .
For institutions subject to full reporting requirements , the balance sheet data referring to the end of a given calendar month are used to determine the reserve base for the maintenance period starting in the calendar month two months later .
Za institucije , za katere veljajo polne zahteve poročanja , se podatki bilance stanja , ki se nanašajo na konec danega koledarskega meseca , uporabijo za določitev osnove za rezerve za obdobje izpolnjevanja obveznih rezerv , ki se začne v koledarskem mesecu dva meseca pozneje .
For example , the reserve base calculated from the balance sheet of the end of February would be used to calculate the reserve requirements to be fulfilled by counterparties in the maintenance period beginning in April .
Na primer , osnova za rezerve , izračunana iz bilance stanja ob koncu februarja , bi se uporabila za izračun obveznih rezerv , ki jih morajo nasprotne stranke izpolniti v obdobju izpolnjevanja obveznih rezerv , ki se začne v aprilu .
The reporting framework for the ECB 's money and banking statistics includes the possibility to relieve small institutions of some of the reporting burden .
Okvir poročanja za denarno in bančno statistiko ECB predvideva možnost , da se majhne institucije delno razbremenijo bremena poročanja .
Institutions to which this provision applies only need to report a limited set of balance sheet data on a quarterly basis ( as end-of-quarter data ) and with a reporting deadline which is longer than that set for larger institutions .
Institucije , za katere velja ta določba , morajo četrtletno poročati samo omejen nabor podatkov iz bilance stanja ( po stanju na zadnji dan četrtletja ) in s skrajnim rokom za pošiljanje poročil , ki je daljši od skrajnega roka , postavljenega za večje institucije .
For these institutions , the balance sheet data reported for a specific quarter are used to determine , with a lag of two months , the reserve base for the consecutive three reserve maintenance periods .
Za te institucije se uporabijo podatki bilance stanja , ki se predložijo v poročilih za določeno četrtletje , da se z zamikom dveh mesecev določi osnova za rezerve za naslednja tri obdobja izpolnjevanja obveznih rezerv .
For example , the balance sheet of the end of the first quarter --- March --- would be valid for the calculation of the reserve base for the maintenance periods beginning in June , July and August .
Na primer , bilanca stanja ob koncu prvega četrtletja -- marca -- bi veljala za izračun osnove za rezerve za obdobja izpolnjevanja obveznih rezerv , ki se začnejo v juniju , juliju in avgustu .
According to Regulation ( EC ) No 2531/98 , the ECB is entitled to include liabilities resulting from the acceptance of funds together with liabilities resulting from off-balance-sheet items in the reserve base of institutions .
V skladu z Uredbo Sveta ( ES ) št . 2531/98 ima ECB pravico vključiti obveznosti iz naslova sprejemanja denarnih sredstev skupaj z obveznostmi iz naslova zunajbilančnih postavk v osnovo za rezerve institucij .
In the Eurosystem 's minimum reserve system , only the liability categories « deposits » and « debt securities issued » are actually included in the reserve base ( see Box 14 ) .
V sistemu obveznih rezerv Evrosistema dejansko osnovo za rezerve sestavljata le pasivni postavki ‚depoziti » in ‚izdani dolžniški vrednostni papirji » ( glej okence 14 ) .
Liabilities vis-à-vis other institutions included in the list of institutions subject to the Eurosystem 's minimum reserve system and liabilities vis-à-vis the ECB and the national central banks are not included in the reserve base .
Obveznosti do drugih institucij , uvrščenih na seznam institucij , ki so obvezniki obveznih rezerv Evrosistema , in obveznosti do ECB in nacionalnih centralnih bank , niso vključene v osnovo za rezerve .
In this respect , for the liability category « debt securities issued » the issuer needs to be able to prove the actual amount of these instruments held by other institutions subject to the Eurosystem 's minimum reserve system in order to be entitled to deduct them from the reserve base .
V tem pogledu mora biti za pasivno postavko ‚izdani dolžniški vrednostni papirji » izdajatelj sposoben dokazati dejanski znesek teh instrumentov , ki jih imajo druge institucije , ki so obvezniki obveznih rezerv Evrosistema , zato da jih imajo pravico odšteti od osnove za rezerve .
If such proof cannot be presented , issuers may apply a standardised deduction of a fixed percentage ( 76 ) to this balance sheet item .
Če takega dokazila ni mogoče predložiti , lahko izdajatelji uporabijo standardizirane odbitke v fiksnem odstotku ( 76 ) za to postavko bilance stanja .
The reserve ratios are determined by the ECB subject to the maximum limit specified in Regulation ( EC ) No 2531/98 .
Stopnje obveznih rezerv , ki jih določi ECB , smejo biti največ enake zgornji meji , ki je določena v Uredbi Sveta ( ES ) št . 2531/98 .
The ECB applies a uniform non-zero reserve ratio to most of the items included in the reserve base .
ECB uporablja enotno , od nič različno stopnjo za večino postavk , ki so zajete v osnovi za rezerve .
This reserve ratio is specified in the ECB Regulation on minimum reserves .
Ta stopnja rezerv je določena v Uredbi ECB o obveznih rezervah .
The ECB sets a zero reserve ratio on the following liability categories : « deposits with an agreed maturity of over two years » , « deposits redeemable at notice of over two years » , « repos » and « debt securities with an agreed maturity of over two years » ( see Box 14 ) .
ECB določi ničelno stopnjo obveznih rezerv na naslednje pasivne postavke : ‚depoziti z dogovorjeno dospelostjo nad dvema letoma » , ‚depoziti na odpoklic z odpovednim rokom nad dvema letoma » , ‚repo posli » in ‚dolžniški vrednostni papirji z dogovorjeno dospelostjo nad dvema letoma » ( glej okvir 14 ) .
The ECB may at any time change the reserve ratios .
ECB lahko kadar koli spremeni stopnje obveznih rezerv .
Changes in reserve ratios are announced by the ECB in advance of the first maintenance period for which the change is effective .
Spremembe stopnje obveznih rezerv objavi ECB pred prvim obdobjem izpolnjevanja obveznih rezerv , za katerega sprememba velja .
( 74 ) The lists are available to the public on the ECB 's website ( www.ecb.int ) .
( 74 ) Seznami so na voljo javnosti na spletni strani ECB ( www.ecb.int ) .
( 75 ) The reporting framework for the ECB 's money and banking statistics is presented in Annex 4 .
( 75 ) Poročevalski okvir za monetarno in bančno statistiko ECB je predstavljen v Prilogi 4 .
( 76 ) See Regulation ECB / 2003/9 .
( 76 ) Glej Uredbo ECB / 2003/9 .
Further information relating to the standardised deduction ratio can be found on the ECB 's website ( www.ecb.int ) , as well as on the Eurosystem websites ( see Annex 5 ) .
Nadaljnje podatke v zvezi s standardiziranim odstotkom odbitka so na spletni strani ECB ( www.ecb.int ) , kakor tudi na spletni strani Evrosistema ( glej Prilogo 5 ) .
BOX 14 Reserve base and reserve ratios A. Liabilities included in the reserve base and to which the positive reserve ratio is applied Deposits --- Overnight deposits --- Deposits with agreed maturity up to two years --- Deposits redeemable at notice up to two years Debt securities issued --- Debt securities with agreed maturity up to two years B. Liabilities included in the reserve base and to which a zero reserve ratio is applied Deposits --- Deposits with agreed maturity over two years --- Deposits redeemable at notice over two years --- Repos Debt securities issued --- Debt securities with agreed maturity over two years C. Liabilities excluded from the reserve base --- Liabilities vis-à-vis other institutions subject to the Eurosystem 's minimum reserve system --- Liabilities vis-à-vis the ECB and the national central banks
OKVIR 14 Osnova za rezerve in stopnje obveznih rezerv A. Obveznosti , ki so vključene v osnovo za rezerve in za katere se uporablja pozitivna stopnja rezerv Depoziti --- Depozit čez noč --- Depoziti z dogovorjeno dospelostjo do dveh let --- Depoziti na odpoklic z odpovednim rokom do dveh let Izdani vrednostni papirji --- Dolžniški vrednostni papirji z dogovorjeno dospelostjo do dveh let B. Obveznosti , ki so vključene v osnovo za rezerve in za katere se uporablja stopnja rezerv , enaka nič Depoziti --- Depoziti z dogovorjeno dospelostjo več kot dve leti --- Depoziti na odpoklic z odpovednim rokom več kot dve leti --- Repo posli Izdani vrednostni papirji --- Dolžniški vrednostni papirji z dogovorjeno dospelostjo več kot dve leti C. Obveznosti , ki so izključene iz osnove za rezerve --- Obveznosti do drugih institucij , ki so obvezniki v sistemu obveznih rezerv Evrosistema --- Obveznosti do ECB in nacionalnih centralnih bank
( b ) C a l c u l a t i o n o f r e s e r v e r e q u i r e m e n t s The reserve requirement of each individual institution is calculated by applying , to the amount of eligible liabilities , the reserve ratios for the corresponding categories of liabilities .
( b ) I z r a č u n o b v e z n i h r e z e r v Obvezne rezerve za vsako posamezno institucijo se izračunajo tako , da se znesek posamezne pasivne postavke iz osnove za rezerve množi sstopnjo obveznih rezerv za to pasivno postavko , nakar se seštejejo zmnožki za vse postavke , vključene v osnovo za rezerve .
Each institution deducts an allowance of EUR 100 000 from its reserve requirement in each Member State in which it has an establishment .
Vsaka institucija odšteje olajšavo v znesku 100 000 EUR od svojih obveznih rezerv v vsaki državi članici , v kateri ima poslovalnico .
The granting of such an allowance shall be without prejudice to the legal obligations of institutions subject to the Eurosystem 's minimum reserve system ( 77 ) .
Odobritev tovrstne olajšave ne posega v pravne obveznosti institucij , ki so obvezniki sistema obveznih rezerv Evrosistema ( 77 ) .
The reserve requirement for each maintenance period is rounded to the nearest euro .
Znesek obveznih rezerv se za vsako obdobje izpolnjevanja obveznih rezerv zaokroži na najbližji evro .
7.4 . Maintenance of reserve holdings ( a ) M a i n t e n a n c e p e r i o d The ECB publishes a calendar of the reserve maintenance periods at least three months before the start of each year ( 78 ) .
7.4 Vzdrževanje rezervnih imetij ( a ) O b d o b j e i z p o l n j e v a n j a ECB objavi koledar obdobij izpolnjevanja obveznih rezerv vsaj tri mesece pred začetkom vsakega leta ( 78 ) .
The maintenance period begins on the settlement day of the first main refinancing operation following the meeting of the Governing Council , at which the monthly assessment of the monetary policy stance is pre-scheduled .
Obdobje izpolnjevanja obveznih rezerv se začne na dan poravnave prve operacije glavnega refinanciranja po seji Sveta ECB , za katero je na dnevnem redu predvidena mesečna ocena naravnanosti monetarne politike .
Under special circumstances , the published calendar may be amended , depending , among other things , on changes in the schedule of Governing Council meetings .
V posebnih primerih se lahko objavljeni koledar popravi , kar je med drugim odvisno od sprememb v urniku sej Sveta ECB .
( 77 ) For institutions allowed to report statistical data as a group on a consolidated basis according to the provisions of the reporting framework for the ECB 's money and banking statistics ( see Annex 4 ) , only one such allowance will be granted to the group as a whole , unless the institutions provide data on the reserve base and reserve holdings in a sufficiently detailed manner to enable the Eurosystem to verify their accuracy and quality and to determine the respective reserve requirement of each individual institution included in the group .
( 77 ) Za institucije , ki jim je dovoljeno poročati statistične podatke kot skupini na konsolidirani osnovi v skladu z določbami okvira za poročanje za denarno in bančno statistiko ECB ( glej Prilogo 4 ) , bo izdana samo ena tovrstna olajšava kot celoti , razen če institucije zagotovijo dovolj podrobne podatke o osnovi za rezerve in rezervnih imetij , da omogočijo Evrosistemu , da preveri njihovo točnost in kakovost ter določi zadevno obvezno rezervo vsake posamezne institucije v skupini .
( 78 ) The calendar is normally announced in an ECB press release , to be found on the ECB 's website ( www.ecb.int ) .
( 78 ) Koledar se normalno objavi v sporočilu za javnost ECB , ki se najde na spletni strani ECB ( www.ecb.int ) .
In addition , such a calendar is published in the Official Journal of the European Union and on the Eurosystem websites ( see Annex 5 ) .
Poleg tega se koledar objavi v Uradnem listu Evropske unije in na spletnih straneh Evrosistema ( glej Prilogo 5 ) .
EN ( b ) R e s e r v e h o l d i n g s
SL ( b ) R e z e r v n a i m e t j a
Each institution must hold its minimum reserves on one or more reserve accounts with the national central bank in the Member State in which it is established .
Vsaka institucija mora izpolnjevati svoje obvezne rezerve z rezervnimi imetji , to je s stanji na enem ali več računih rezerv pri nacionalni centralni banki v državi članici , v kateri je ustanovljena .
For institutions with more than one establishment in a Member State , the head office is responsible for fulfilling the aggregate minimum reserves of all the domestic establishments of the institution ( 79 ) .
Za institucije z več kot eno poslovalnico v državi članici je sedež institucije odgovoren za izpolnjevanje skupnih obveznih rezerv vseh domačih poslovalnic te institucije ( 79 ) .