natgillin/translations-raw huggingface dataset:
The audit assessed the selection process in respect of the following: ο whether the framework guiding the EIF on the selection of financial intermediaries was complete and ensured fair and transparent selection; ο whether the agreement parameters, determining the extent of the EU’s intervention, had been correctly set; and ο whether policy objectives had been correctly translated into the guarantee agreements. 
IzbIra fInančnIh POsrednIkOV 46. Pri reviziji je bil ocenjen izbirni postopek glede na to: ο ali je bil okvir, ki je usmerjal EIS pri izbiri finančnih posrednikov, celovit in je zagotavljal pošteno in pregledno izbiro; ο ali so bili parametri v sporazumu, ki so določali obseg ukrepa EU, pravilno postavljeni; ο ali so bili cilji politike pravilno preneseni v garancijske sporazume. dObrO zasnOVan OkVIr za IzbIrO 47.
The appraisal process should apply common standards to evaluating financial intermediaries, so as to ensure fair, structured and transparent selection. 
Pri ocenjevalnem postopku bi bilo treba uporabljati skupne standarde za vrednotenje finančnih posrednikov, da se zagotovi poštena, strukturirana in pregledna izbira.
The EIF and the Commission should create and apply minimum standards for the selection of potential intermediaries. 
EIS in Komisija bi morala pripraviti in uporabljati minimalne standarde za izbiro potencialnih posrednikov.
26 Special Report No 4/2011 – The audit of the SME Guarantee facility 
26 Posebno poročilo št. 4/2011 — Revizija garancijske sheme za mSP
The Commission empowered the EIF36 to select intermediaries by applying the selection criteria and process set out in the relevant guarantee policies37. The guarantee policies further state that the intermediaries are to be selected in conformity with best practice. 
Komisija je EIF pooblastila36 za izbiro posrednikov z uporabo izbirnih meril in procesa, določenih v ustreznih garancijskih politikah37. garancijske politike nadalje določajo, da se posrednike izbere v skladu z najboljšo prakso.
An overview of the SMEG selection process carried out by the EIF is provided in Box 3. 
Pregled izbirnega postopka za garancijsko shemo za mSP, ki ga je izvedel EIS, je v okviru­3.
When defining the facility’s management framework, the following criteria for selecting potential financial intermediaries were laid down in the FMA38: ο financial standing and operational capability of the intermediary and its ability to manage risk and to comply with the terms and conditions of the SMEG facility; ο whether the intermediary guarantees debt and/or microcredit financing provided by a wide range of lenders to SMEs; ο geographic coverage (loan window only); ο possibility of providing mentoring and business support (microcredit window only); and ο acceptance of the ‘Enhanced access to finance’ criterion (see paragraph 54). 
Pri opredelitvi upravljavskega okvira za pomoč so bila v fiduciarnem in upravljavskem sporazumu določena naslednja merila za izbiro potencialnih finančnih posrednikov38: ο finančno stanje in operativna zmogljivost posrednika in njegova zmožnost obvladovanja tveganja in spoštovanja pogojev garancijske sheme za mSP; ο ali posrednik jamči za posojilo in/ali financiranje z mikrokrediti, ki ga za mSP zagotovijo številni različni posojilodajalci; ο geografska pokritost (samo okvir za posojila); ο možnost zagotavljanja mentorstva in poslovne podpore (samo okvir za mikrokredite); ο sprejetje merila „izboljšan dostop do financiranja“ (glej odstavek 54).
36 Fiduciary and Management Agreement, Article 3.1. 
36 Fiduciarni in upravljavski sporazum, člen 3.1.
37 The Fiduciary and Management Agreement contains four guarantee policies relating to the four specific windows of the facility. The guarantee policies set out in specific terms the purpose of the underlying window, the selection process for intermediaries, the eligibility criteria, the modus operandi as regards enhanced access to finance, the reporting, the monitoring and audit, the promotion and the visibility. 
37 Fiduciarni in upravljavski sporazum vsebuje štiri garancijske politike v zvezi s štirimi specifičnimi okviri pomoči. garancijske politike specifično določajo namen zadevnega okvira, izbirni postopek za posrednike, pravila za upravičenost, način delovanja pri izboljšanem dostopu do financiranja, poročanje, spremljanje in revidiranje, promoviranje in prepoznavnost.
38 Criteria corresponding to the loan and microcredit windows. 
38 merila, ki ustrezajo okvirom za posojila in mikrokredite.
The selection criteria relating to the equity and securitisation windows were not examined as these windows were not used until 31 December 2009. 
Izbirna merila v zvezi z okviroma za lastniški kapital in listninjenje niso bila pregledana, ker se ta okvira do 31. decembra 2009 nista uporabila.
27 BOX 3 THE EIF’S SELECTION PROCESS FOR INTERMEDIARIES ο Analysis of intermediaries’ applications following an open call procedure ο Pre-selection of the applications — standardised check on formal requirements ο Due diligence process (including setting of guarantee parameters) ο Independent opinion of the EIF’s Risk Management Department ο Assessment by the EIF’s Compliance Department ο Approval by the EIF Board of Directors and by the European Commission (Director ECFIN — L) Special Report No 4/2011 – The audit of the SME Guarantee facility 
27 OkVIr 3 IzbIrnI POstOPek eIs za POsrednIke ο Analiza vlog posrednikov po odprtem razpisnem postopku ο Predizbor vlog – standardiziran pregled formalnih zahtev ο Proces skrbnega pregleda delovanja (vključno z določitvijo garancijskih parametrov) ο Neodvisno mnenje oddelka EIS za obvladovanje tveganja ο Ocena, ki jo izvede oddelek EIS za skladnost ο Odobritev, ki jo poda upravni odbor EIS in Komisija (direktor gD EcFIN – L) Posebno poročilo št. 4/2011 — Revizija garancijske sheme za mSP
The Court considers the criteria for the selection of financial intermediaries to be in line with practices in comparable financial institutions. 
Sodišče meni, da so merila za izbiro finančnih posrednikov skladna s praksami v primerljivih finančnih institucijah.
However, neither the Commission nor the EIF set scoring standards against which the intermediaries’ applications could have been assessed, rated and compared according to their degree of compliance with those criteria. 
Vendar ne Komisija ne EIS nista vzpostavila standardov za točkovanje, po katerih bi bilo vloge posrednikov mogoče oceniti, točkovati in primerjati glede na njihovo stopnjo skladnosti s temi merili.
The reference volume represents the amount of guarantees or financing which the intermediary could ‘reasonably be expected to achieve [...] in the absence of the EU guarantee’39. 
Referenčni znesek predstavlja znesek garancij ali financiranja, ki bi ga lahko posrednik po „razumnih pričakovanjih pridobil [...] brez garancije EU“39.
The reference volume further serves as a basis for the computation of additional agreement parameters. 
Referenčni znesek se nadalje uporablja kot osnova za izračunavanje dodatnih parametrov sporazuma.
The guarantee cap rate40 refers to the maximum amount of losses for which the EIF is liable under a guarantee agreement. 
Stopnja limita garancije40 se nanaša na najvišji znesek izgub, za katerega je EIS odgovoren v okviru garancijskega sporazuma.
Both parameters are key factors as they will determine: ο whether the EU intervention is additional to the guarantee scheme’s existing level of activity or simply replaces it; and ο the maximum level of budgetary exposure the EU is expected to face under a specific agreement. 
Oba parametra sta ključna dejavnika, ker opredelita: ο ali posredovanje EU dopolnjuje obstoječo raven dejavnosti garancijske sheme ali pa jo samo nadomešča ter ο največjo pričakovano možno stopnjo proračunske izpostavljenosti za EU v okviru posameznega sporazuma.
In accordance with the FMA and with the ‘Guidance on enhanced access to finance’, the volumes, including the reference volume, are determined on the basis of the EIF’s professional judgement, based on past budgets and loss rates or forecasts (especially for public guarantee schemes) and considering the market conditions and their evolution over time. 
V skladu s fiduciarnim in upravljavskim sporazumom ter smernicami o izboljšanem dostopu do financiranja se zneski, vključno z referenčnim zneskom, določijo na podlagi strokovne presoje EIS, ki temelji na preteklih proračunih in stopnjah izgube ali napovedih (zlasti za javne garancijske sheme) ter upošteva tržne pogoje in njihov časovni razvoj.
39 ‘‘Guidance on enhanced access to finance’’, 25 October 2007. 
39 Smernice o izboljšanem dostopu do financiranja, 25. oktober 2007.
40 The guarantee cap rate is a pre-agreed rate at which the EIF’s liability is capped under a guarantee agreement. The amount of the EIF’s liability under a guarantee agreement (guarantee cap) can be calculated by multiplying the actual portfolio volume by the guarantee rate and the guarantee cap rate. 
40 Stopnja limita garancije je vnaprej dogovorjena stopnja, v okviru katere se omeji odgovornost EIS v okviru garancijskega sporazuma. znesek, za katerega je EIS odgovoren v okviru garancijskega sporazuma (zgornja meja garancije) se lahko izračuna tako, da pomnožimo dejanski znesek portfelja s stopnjo garancije in stopnjo limita garancije.
For example, portfolio volume = 1 000; guarantee rate = 50 %; guarantee cap rate = 10 % Thus, maximum EIF liability (guarantee cap) = 1000x50%x10%=50. 
Npr. znesek portfelja = 1 000, stopnja garancije = 50 %, stopnja limita garancije = 10 %. Tako je največja možna odgovornost EIS (zgornja meja garancije) = 1000x50%x10%=50.
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28 Posebno poročilo št. 4/2011 — Revizija garancijske sheme za mSP
Weaknesses were found in the EIF’s documentation relating to the setting of the agreement parameters, including the reference volume and the cap rate. Only a summary of the results of the due-diligence step is included in the EIF’s request for the Board of Directors’ approval. 
V dokumentaciji EIS so bile ugotovljene slabosti v zvezi z določitvijo parametrov v sporazumu, vključno z referenčnim zneskom in stopnjo limita. zahteva EIS za odobritev, ki jo mora podati upravni svet, vsebuje le povzetek rezultatov faze skrbnega pregleda poslovanja.
When setting these parameters, the EIF takes as a basis the information provided by the financial intermediary. 
EIS pri določanju teh parametrov izhaja iz informacij, ki jih zagotovi finančni posrednik.
No evidence was found that the EIF verified this information. 
Ni bilo dokazov, da je EIS te informacije preveril. cIljI POlItIke V GarancIjskIh sPOrazUMIh nIsO V celOtI OPredeljenI 54.
Each guarantee agreement should contribute to the achievement of the policy objectives by specifying exactly what should be achieved. 
Vsak garancijski sporazum bi moral prispevati k doseganju ciljev politike tako, da bi podrobno določal, kaj je treba doseči.
The general undertakings applicable to every intermediary in the guarantee agreements include principles of enhanced access to finance. 
Splošne izjave, ki se uporabljajo za vse posrednike v garancijskih sporazumih, vključujejo načela izboljšanega dostopa do financiranja.
These principles are derived from the broader objectives set out in the legal basis41 and in the FMA and reflect these objectives appropriately. 
Ta načela so izpeljana iz širših ciljev, določenih v pravni podlagi41 in fiduciarnem in upravljavskem sporazumu, ter primerno odražajo te cilje.
Box 4 presents the principles applicable to the loan window. 
Okvir­4 predstavlja načela, ki se uporabljajo za okvir za posojila.
Besides these general provisions, specific financial intermediary guarantee terms may include ‘further qualitative undertakings in respect of enhanced access to finance’. 
Poleg teh splošnih določb lahko pogoji garancije posameznega finančnega posrednika vključujejo tudi nadaljnje kvalitativne izjave v zvezi z izboljšanim dostopom do financiranja.
However, some of the intermediary guarantee terms are inconsistent with the objectives of the CIP or provide little operational guidance. 
Vendar pogoji jamstva nekaterih posrednikov niso skladni s cilji PKI ali pa zagotavljajo malo operativnih smernic.
For instance: ο in respect of the lack of collateral aspect it was found for one intermediary that ‘in addition to complying with any relevant provision of this agreement [...] the intermediary undertakes [...] to require a low collateral level in relation to intermediary transactions’. 
Na primer: ο glede tega, da ni bilo garancije, je bilo za enega posrednika ugotovljeno, da „poleg tega, da zahteva spoštovanje vseh ustreznih določb tega sporazuma [...] se posrednik obvezuje [...], da bo zahteval majhno stopnjo garancije za posredniške transakcije“.
In this case the specific terms of the agreement translate the general conditions relating to the lack of collateral into reduced collateral requirements. 
V tem primeru specifični pogoji sporazuma pretvarjajo splošne pogoje v zvezi s pomanjkanjem garancije v zmanjšane zahteve za garancijo.
However, this allows de facto all SMEs to benefit from the reduced collateral requirements and does not ensure that only SMEs effectively lacking collateral, and thus unable to borrow under usual commercial terms, benefit from the facility; and ο the specific terms of the agreements leave broad discretion in the matter of interpretation of innovation. 
Vendar to dejansko vsem mSP omogoča, da so upravičeni do zmanjšanih zahtev za garancijo in ne zagotavlja, da bi bila do te pomoči upravičena le mSP, ki resnično nimajo garancije in zato ne morejo zaprositi za posojilo pod običajnimi komercialnimi pogoji; in ο specifični pogoji sporazuma dopuščajo veliko svobode pri razlaganju inovativnosti.
The same guarantee agreement stated, without providing any further explanation, ‘[...] the intermediary undertakes [...] to enter into intermediary transactions with newly created SMEs or SMEs involved in innovative projects’. 
V istem sporazumu je bilo brez nadaljnjih pojasnil navedeno, da „[...] se posrednik obvezuje, [...] da bo izvršil posredniške transakcije z novo ustanovljenimi mSP ali mSP, ki sodelujejo pri inovativnih projektih“. sPreMljanje UsPešnOstI In POrOčanje 56. za uspešno spremljanje in poročanje so potrebne ustrezne, zanesljive in pravočasne informacije o stanju glede izvrševanja politike in o tem, v kolikšni meri se uresničujejo cilji politike.
Performance monitoring of the SMEG facility is carried out by both the Commission and the EIF (see Annex II). 
Uspešnost garancijske sheme za mSP spremljata Komisija in EIS (glej Prilogo­II).
The information flows from the SMEs (i.e. final beneficiaries) through one or more layers (in the case of co-or counter-guarantees) of financial intermediaries to the EIF and finally to the Commission. 
Informacije tečejo od mSP (tj. končnih upravičencev) prek ene ali več plasti (v primeru skupnih garancij ali protigarancij) finančnih posrednikov do EIS in nato do Komisije.
Financial intermediaries report to the EIF on a quarterly basis on the SMEG facility. 
Finančni posredniki poročajo EIS o garancijski shemi za mSP vsake tri mesece.
Based on this information, the EIF prepares quarterly consolidated reports for the Commission, which then uses these reports for the annual implementation reports on the EIP and on the CIP. 
EIS na podlagi teh informacij pripravi četrtletna konsolidirana poročila za Komisijo, ki jih nato uporabi za letna poročila o izvajanju PPI ali PKI.
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30 Posebno poročilo št. 4/2011 — Revizija garancijske sheme za mSP
The Court examined the following aspects of performance monitoring and reporting: ο whether the Commission established a balanced set of performance indicators to reliably measure the status of policy implementation; and ο whether the reporting requirements are clear and reasonable. 
Sodišče je pregledalo naslednja vidika spremljanja uspešnosti in poročanja o njej: ο ali je Komisija določila uravnotežen sklop kazalnikov uspešnosti za zanesljivo merjenje stanja glede izvrševanja politike in ο ali so zahteve za poročanje jasne in razumne. kazalnIkI UsPešnOstI sO bIlI VzPOstaVljenI, Vendar bI MOralI bItI stabIlnejšI In bOlj UraVnOteženI 59.
The prerequisite for effective monitoring (i.e. to measure progress of the implementation of the SMEG facility) is the definition of a set of clear indicators and associated targets. 
Opredelitev sklopa jasnih kazalnikov in z njimi povezanih načrtovanih ciljev je pogoj za uspešno spremljanje (tj. za merjenje napredka pri izvajanju garancijske sheme za mSP).
Indicators should be relatively stable so that changes over time can be observed and compared. 
Kazalniki bi morali biti relativno stabilni, tako da je mogoče opaziti in primerjati spremembe v različnih obdobjih.
The SMEG performance indicators should contribute to an assessment of the achievement of the programme’s specific objectives as laid down in the legal basis and the global objectives of the European Union policy from which these objectives are derived. 
Kazalniki uspešnosti garancijske sheme za mSP bi morali prispevati k oceni doseganja specifičnih ciljev programa, kot so določeni v pravni podlagi, in splošnih ciljev politike Evropske unije, iz katerih ti cilji izhajajo.
For SMEG the Commission established six indicators (see Table 4). 
Komisija je za garancijsko shemo za mSP določila šest kazalnikov (glej tabelo­4).
Of the four indicators (numbers 2, 3, 5 and 6) included in the ex ante evaluation and in the EIP 2009 Work Programme, only two were carried over (numbers 2 and 3) to the Commission’s EIP Implementation Report. 
Od štirih kazalnikov (št. 2, 3, 5 in 6) iz predhodne ocene in programa dela PPI 2009 sta bila v poročilo Komisije o izvajanju programa PPI prenesena le dva (št.
In the EIP 2010 Work Programme, two initial indicators were dropped (numbers 5 and 6) and two new indicators were added (numbers 1 and 4). 
2 in št. 3). V programu dela PPI 2010 sta bila dva začetna kazalnika opuščena (št.
These changes, made in 2010, were a reaction to a study on the evaluation of the indicators42. 
1 in št. 4). Te spremembe leta 2010 so bile odziv na študijo o oceni kazalnikov42.
42 ‘Evaluationoftheindicatorsof the EIP’, February 2010. 
42 Ocenakazalnikovprograma PPI, februar 2010.
31 Special Report No 4/2011 – The audit of the SME Guarantee facility 
31 Posebno poročilo št. 4/2011 — Revizija garancijske sheme za mSP
2 One job created or maintained for each SME receiving new financing. The Commission considers that as the data of the Growth and Employment initiative indicate that beneficiary SMEs created on average 1.2 jobs, a more conservative ratio should be used to account for the fact that microcredit guarantee corresponds to more than 20 % of all companies reached by SMEG and thus, fewer jobs are expected to be created by these companies, bringing down the overall average. 
2 Eno ustvarjeno ali ohranjeno delovno mesto za vsako mSP, ki prejema novo financiranje. zaradi podatkov pobude za rast in zaposlovanje, ki kažejo, da so mSP, upravičena do pomoči, v povprečju ustvarila 1,2 delovnega mesta, Komisija meni, da bi bilo treba uporabiti previdnejše razmerje, ki bi upoštevalo, da se garancija za mikrokredite uporablja za več kot 20 % vseh podjetij, ki jih doseže garancijska shema za mSP, zato se pričakuje, da bodo ta podjetja ustvarila manj delovnih mest in tako zmanjšala skupno povprečje.
3 The information can be found in the EIF quarterly reports only. Special Report No 4/2011 – The audit of the SME Guarantee facility 
3 Informacije je mogoče najti le v četrtletnih poročilih EIS. Posebno poročilo št. 4/2011 — Revizija garancijske sheme za mSP
In the ex ante evaluation only two indicators (numbers 2 and 3) had target values assigned to them. 
V predhodni oceni sta le dva kazalnika (št. 2 in št. 3) imela določena količinsko opredeljena cilja.
The EIP 2009 and 2010 Work Programmes did not set targets for the indicators to achieve in the respective period. 
Programa dela EIP 2009 in 2010 nista določila količinsko opredeljenih ciljev, ki naj bi jih kazalniki dosegli v njunih obdobjih.
In the absence of target values, it is difficult to assess whether the programme is developing as expected. 
Ker ni količinsko opredeljenih ciljev, je težko določiti, ali se program razvija, kot je bilo pričakovano.
Even though the Commission tried to create a balanced set of measurable indicators, including output, impact and result indicators, the only result indicator (number 5) was not carried over and was finally dropped by the Commission. 
Čeprav je Komisija poskušala določiti uravnotežen sklop merljivih kazalnikov, vključno s kazalniki izložka, učinka in rezultata, edini kazalnik rezultata (št. 5) ni bil prenesen in ga je Komisija nazadnje opustila.
The only impact indicator (number 2) is problematic (see paragraphs 67 and 68) and all remaining indicators are output indicators. 
Edini kazalnik učinka (št. 2) je problematičen (glej odstavka 67 in 68), vsi preostali kazalniki pa so kazalniki izložka.
Thus, the indicators have become more of an instrument of operational management than an indicator to measure the impact and the success of the programme. 
Tako so kazalniki postali v večji meri instrument za operativno upravljanje kot pa kazalniki za merjenje učinka in uspeha programa.
It is difficult to strike the right balance between collecting the data economically and monitoring performance effectively. 
Težko je postaviti pravo ravnovesje med varčnim pridobivanjem podatkov in učinkovitim spremljanjem uspešnosti.
The evaluators of the EIP indicators suggested a set of balanced indicators including data collection methods and timing43. 
Ocenjevalci kazalnikov programa PPI so predlagali sklop uravnoteženih kazalnikov, vključno z metodami in časovnim razporedom za zbiranje podatkov43.
If meaningful conclusions as to the achievements of the SMEG programme are to be drawn, it is essential that the monitoring data provided by the financial intermediaries should be reliable, i.e. accurate and complete. 
Bistvenega pomena za oblikovanje smiselnih zaključkov o dosežkih garancijske sheme za mSP je, da so podatki o spremljanju, ki jih zagotovijo finančni posredniki, zanesljivi, tj. natančni in celoviti.
The financial intermediaries visited by the Court had all established procedures for collecting the data necessary for reporting to the EIF. 
Finančni posredniki, ki jih je Sodišče obiskalo, so vsi vzpostavili postopke za zbiranje podatkov, potrjenih za poročanje EIS.
The quality of the reporting processes at intermediary level is checked during the on-site monitoring visits by the EIF. 67. 
Kakovost procesov poročanja na ravni posrednika se pregleda med obiski, ki jih EIS izvede zaradi spremljanja.
The collection of data related to ‘the number of jobs created’ indicator poses difficulties for some financial intermediaries. 
67. zbiranje podatkov v zvezi s kazalnikom „število ustvarjenih delovnih mest“ povzroča težave za nekatere finančne posrednike.
In some countries the data are obtained from governmental institutions44, some financial intermediaries collected them on a sample basis45, others made calculations using expected values46 or the financial intermediaries did not update employment data annually as it would be too burdensome47. 
V nekaterih državah se podatki pridobivajo iz vladnih institucij44, nekateri finančni posredniki so jih zbirali na podlagi vzorca45, drugi so napravili izračune z uporabo pričakovanih vrednosti46 ali pa finančni posredniki niso letno posodabljali podatkov o zaposlovanju, ker bi to povzročalo preveliko obremenitev47.
Since the quality of employment data varies from country to country, adding them up raises concerns as to the reliability of the value of the indicator concerning the number of jobs created (number 2). 
Ker se kakovost podatkov o zaposlitvi med državami razlikuje, njihovo seštevanje povzroča zaskrbljenost zaradi zanesljivosti vrednosti kazalnika glede števila ustvarjenih delovnih mest (št. 2).