natgillin/translations-raw huggingface dataset:
Za namene izračuna iz prvega pododstavka se v primeru CIU upoštevajo dejanske pozicije v tujih valutah.
For the purposes of the calculation referred to in the first paragraph, in respect of CIUs the actual foreign exchange positions of the CIU shall be taken into account.
Institucije se lahko zanesejo na poročanje tretje osebe o pozicijah v tujih valutah CIU pri čemer se pravilnost tega poročila ustrezno zagotovi.
Institutions may rely on third party reporting of the foreign exchange positions in the CIU, where the correctness of this report is adequately ensured.
Če institucija ni zmožna ugotoviti pozicij v tujih valutah CIU, se predpostavlja, da je CIU v skladu s svojo naložbeno politiko v tuje valute investiral do največjega dovoljenega obsega, tako da institucije za pozicije iz trgovalne knjige upošteva največjo posredno izpostavljenost, ki bi jo lahko dosegle s pozicijami v enotah premoženja CIU pri izračunavanju svoje kapitalske zahteve za valutno tveganje.
If an institution is not aware of the foreign exchange positions in a CIU, it shall be assumed that the CIU is invested up to the maximum extent allowed under the CIU's mandate in foreign exchange and institutions shall, for trading book positions, take account of the maximum indirect exposure that they could achieve by taking leveraged positions through the CIU when calculating their capital requirement for foreign exchange risk.
To opravijo tako, da pozicijo v enotah premoženja CIU sorazmerno povečajo do najvišje izpostavljenosti v osnovnih naložbenih instrumentih, ki jo dovoljuje naložbena politika CIU.
This shall be done by proportionally increasing the position in the CIU up to the maximum exposure to the underlying investment items resulting from the investment mandate.
Hipotetična pozicija CIU v tujih valutah se obravnava kot ločena valuta in sicer enako kot se glede na obravnavojo naložb v zlatu, ob upoštevanju določenih popravkov, in sicer tako, da če je znana usmeritev naložbe CIU, skupna dolga pozicija doda skupni dolgi odprti poziciji v tujih valutah in skupna kratka pozicija pa se lahko doda skupni kratki odprti poziciji v tujih valutah.
The assumed position of the CIU in foreign exchange shall be treated as a separate currency according to the treatment of investments in gold, subject to the modification that, if the direction of the CIU's investment is available, the total long position may be added to the total long open foreign exchange position and the total short position may be added to the total short open foreign exchange position.
Pred izračunom ni dovoljeno nikakršno pobotanje med temi pozicijami.
There would be no netting allowed between such positions prior to the calculation.
Pristojni organi lahko institucijam dovolijo, da za izračunavanje neto odprtih pozicij v vsaki valuti in v zlatu uporabljajo neto sedanjo vrednost.
The competent authorities shall have the discretion to allow institutions to use the net present value when calculating the net open position in each currency and in gold.
Nato se ločeno seštejejo vse neto kratke in vse neto dolge pozicije, tako da dobimo skupno neto kratko pozicijo in skupno neto dolgo pozicijo.
They shall then be summed separately to form the total of the net short positions and the total of the net long positions respectively.
Večja od obeh navedenih vsot predstavlja skupno neto pozicijo institucije v tujih valutah.
The higher of these two totals shall be the institution's overall net foreign-exchange position.
Z odstopanjem od odstavkov 1 in 2 in do nadaljnje uskladitve lahko pristojni organi institucijam predpišejo ali dovolijo uporabo naslednjih postopkov za namene te priloge.
By derogation from points 1 and 2 and pending further coordination, the competent authorities may prescribe or allow institutions to use the following procedures for the purposes of this Annex.
Pristojni organi lahko presodijo, da sta dve valuti tesno soodvisni le tedaj, če je verjetnost, da izguba – izračunana na podlagi podatkov o dnevnih tečajih tujih valut za obdobje zadnjih treh ali petih let – pri enakih ali nasprotnih pozicij v takšnih valutah v naslednjih 10 delovnih dneh, ki znaša 4 % ali manj od vrednosti izravnane zadevne pozicije (ocenjena v valuti poročanja), ima verjetnost vsaj 99 %, če je bila uporabljena triletna opazovalna doba, ali 95 %, če je bila uporabljena petletna opazovalna doba.
The competent authorities may deem a pair of currencies to be closely correlated only if the likelihood of a loss – calculated on the basis of daily exchange-rate data for the preceding three or five years – occurring on equal and opposite positions in such currencies over the following 10 working days, which is 4% or less of the value of the matched position in question (valued in terms of the reporting currency) has a probability of at least 99%, when an observation period of three years is used, or 95%, when an observation period of five years is used.
Kapitalska zahteva za valutno tveganje za izravnane pozicije v dveh tesno soodvisnih valutah znaša 4 %, pomnožena z vrednostjo izravnane pozicije.
The own-funds requirement on the matched position in two closely correlated currencies shall be 4% multiplied by the value of the matched position.
Kapitalska zahteva za valutno tveganje za neizravnane pozicije v tesno soodvisnih valutah in za vse pozicije v drugih valutah je 8 %, pomnožena z višjo od vsot neto kratkih pozicij ali neto dolgih pozicij v teh valutah, po izključitvi izravnanih pozicij v tesno soodvisnih valutah.
The capital requirement on unmatched positions in closely correlated currencies, and all positions in other currencies, shall be 8%, multiplied by the higher of the sum of the net short or the net long positions in those currencies after the removal of matched positions in closely correlated currencies.
Institucije izračunajo svoje izravnane pozicije v takšnih valutah in zanje izračunajo kapitalsko zahtevo, ki ni nižja od polovice največjega dovoljenega odstopanja iz navedenega meddržavnega sporazuma v zvezi z zadevnimi tujimi valutami.
Institutions shall calculate their matched positions in such currencies and subject them to a capital requirement no lower than half of the maximum permissible variation laid down in the intergovernmental agreement in question in respect of the currencies concerned.
Neizravnane pozicije v teh valutah se obravnavajo na isti način kot druge tuje valute.
Unmatched positions in those currencies shall be treated in the same way as other currencies.
Z odstopanjem od prvega pododstavka lahko pristojni organi dovolijo, da kapitalska zahteva za valutno tveganje za izravnane pozicije v valutah držav članic udeleženk v drugi fazi ekonomske in monetarne unije, znaša 1,6 %, pomnožena z vrednostjo takšnih izravnanih pozicij.
By derogation from the first paragraph, the competent authorities may allow the capital requirement on the matched positions in currencies of Member States participating in the second stage of the economic and monetary union to be 1,6%, multiplied by the value of such matched positions.
Neto pozicije v sestavljenih valutah se lahko razdelijo na neto pozicije v valutah, ki te sestavljene valute sestavljajo po velikosti, ki odraža kvote valut v sestavljenih valutah.
Net positions in composite currencies may be broken down into the component currencies according to the quotas in force.
IZRAČUN KAPITALSKE ZAHTEVE ZA TVEGANJE SPREMEMBE CEN BLAGA
CALCULATING CAPITAL REQUIREMENTS FOR COMMODITIES RISK
Vsaka pozicija v blagu ali pozicija v izvedenih finančnih instrumentih na blago se izrazi v standardnih merskih enotah.
Each position in commodities or commodity derivatives shall be expressed in terms of the standard unit of measurement.
Promptna cena vsake vrste blaga se izrazi v valuti poročanja.
The spot price in each commodity shall be expressed in the reporting currency.
Pozicije v zlatu ali pozicije v izvedenih finančnih instrumentih na zlato so predmet valutnega tveganja in se za namen izračunavanja tržnega tveganja obravnavajo v skladu s Prilogo III ali Prilogo V, kot je to primerno.
Positions in gold or gold derivatives shall be considered as being subject to foreign-exchange risk and treated according to Annex III or Annex V, as appropriate, for the purpose of calculating market risk.
Za namen te priloge se lahko pozicije, namenjene izključno financiranju blaga oz. zalog, izključijo le iz izračuna kapitalske zahteve za tveganje spremembe cen blaga.
For the purposes of this Annex, positions which are purely stock financing may be excluded from the commodities risk calculation only.
Tveganja spremembe obrestne mere in valutno tveganje, ki jih ne pokrivajo druge določbe te priloge, se upoštevajo pri izračunu splošnega pozicijskega tveganja za dolžniške finančne instrumente in pri izračunu valutnega tveganja.
The interest-rate and foreign-exchange risks not covered by other provisions of this Annex shall be included in the calculation of general risk for traded debt instruments and in the calculation of foreign-exchange risk.
Če kratka pozicija v blagu zapade v poravnavo pred njeno dolgo pozicijo, se mora institucija zavarovati pred likvidnostnim tveganjem, ki lahko nastane na določenih trgih.
When the short position falls due before the long position, institutions shall also guard against the risk of a shortage of liquidity which may exist in some markets.
Za namen iz odstavka 19 neto pozicija v določenem blagu predstavlja presežek dolgih (kratkih) pozicij nad kratkimi (dolgimi) pozicijami institucije v istem blagu in enakovrednih terminskih pogodbah, opcijah in nakupnih bonih na blago .
For the purpose of point 19, the excess of an institution's long (short) positions over its short (long) positions in the same commodity and identical commodity futures, options and warrants shall be its net position in each commodity.
Pristojni organi dovolijo, da se pozicije v izvedenih finančnih instrumentih na blago obravnavajo v skladu z odstavki 8, 9 in 10 kot pozicije v osnovnem instrumentu oz. osnovnem blagu.
The competent authorities shall allow positions in derivative instruments to be treated, as laid down in points 8, 9 and 10, as positions in the underlying commodity.
Pristojni organi obravnavajo kot pozicije v istem blagu naslednje pozicije:
The competent authorities may regard the following positions as positions in the same commodity:
pozicije v različnih podvrstah blaga v primerih, ko so le-te medsebojno zamenljive; in
positions in different sub-categories of commodities in cases where the sub-categories are deliverable against each other; and
pozicije v podobnih vrstah blaga, če so te vrste blaga približni substituti in če je minimalno korelacijo 0,9 med spremembami cen za te vrste blaga mogoče jasno ugotoviti najmanj v obdobju enega leta.
positions in similar commodities if they are close substitutes and if a minimum correlation of 0,9 between price movements can be clearly established over a minimum period of one year.
Terminske pogodbe na blago in terminski nakup ali prodajo posameznega blaga se izrazijo kot nominalni znesek standardnih merskih enot in se jim glede na datum poravnave pripiše zapadlost.
Commodity futures and forward commitments to buy or sell individual commodities shall be incorporated in the measurement system as notional amounts in terms of the standard unit of measurement and assigned a maturity with reference to expiry date.
ristojni organi lahko dovolijo, da je kapitalska zahteva za izvedene finančne instrumente na blago iz tega odstavka, s katerimi se trguje na prostem trgu (OTC) izvedenimi in za katere izvaja poravnavo priznana klirinška hiša, enaka kritju, ki ga zahteva klirinška hiša, če so popolnoma prepričani, da to kritje zagotavlja natančno merilo tveganja iz naslova pogodbe z izvedenimi finančnimi instrumenti in je najmanj enako kapitalski zahtevi iz zadevne pogodbe, če se ta izračuna po metodi, iz te priloge ali z uporabo notranjih modelov iz Priloge V.
The competent authorities may also allow the capital requirement for an OTC commodity derivatives contract of the type referred to in this point cleared by a clearing house recognised by them to be equal to the margin required by the clearing house if they are fully satisfied that it provides an accurate measure of the risk associated with the derivatives contract and that it is at least equal to the capital requirement for the contract in question that would result from a calculation made using the method set out in the remainder of this Annex or applying the internal models method described in Annex V.
Blagovne zamenjave, pri katerih se obe strani transakcije nanašata na različni vrsti blaga, se pri pristopu lestvice zapadlosti poročajo v ustreznem delu lestvice .
Commodity swaps where the sides of the transaction are in different commodities are to be reported in the relevant reporting ladder for the maturity ladder approach.
Za namene te priloge se opcije na blago ali opcije na izvedene finančne instrumente na blago obravnavajo kot pozicije z vrednostjo, ki je enaka vrednosti osnovnih finančnih instrumentov na katere se opcije nanašajo, pomnožene z njihovimi deltami.
Options on commodities or on commodity derivatives shall be treated as if they were positions equal in value to the amount of the underlying to which the option refers, multiplied by its delta for the purposes of this Annex.
Slednje pozicije je mogoče pobotati z nasprotnimi pozicijami v istovrstnem osnovnem blagu ali v osnovnem izvedenem finančnem instrumentu na blago .
The latter positions may be netted off against any offsetting positions in the identical underlying commodity or commodity derivative.
Uporabljeno delto izračuna borza, pristojni organi ali, če nobeden od teh ni na voljo ali za OTC opcije, institucija sama, če so pristojni organi prepričani, da je model, ki ga institucija uporablja za izračun delte, primeren.
The delta used shall be that of the exchange concerned, that calculated by the competent authorities or, where none of those is available, or for OTC options, that calculated by the institution itself, subject to the competent authorities being satisfied that the model used by the institution is reasonable.
Vendar pristojni organi lahko zahtevajo, da institucije svoje delte izračunavati po metodologiji, ki jo oni določijo.
However, the competent authorities may also prescribe that institutions calculate their deltas using a methodology specified by the competent authorities.
ristojni organi lahko dovolijo, da je kapitalska zahteva za opcije na blago, s katerimi se trguje na prostem trgu (OTC) in za katere poravnavo izvaja priznana klirinška hiša, , enaka kritju, ki ga zahteva klirinška hiša, če so popolnoma prepričani, da to kritje zagotavlja natančno merilo z opcijami povezanega tveganja in je najmanj enako kapitalski zahtevi za OTC opcije, če se ta izračuna po metodi, navedeni v nadaljevanju te priloge, ali z uporabo notranjih modelov iz Priloge V.
The competent authorities may also allow the capital requirement for an OTC commodity option cleared by a clearing house recognised by them to be equal to the margin required by the clearing house if they are fully satisfied that it provides an accurate measure of the risk associated with the option and that it is at least equal to the capital requirement for an OTC option that would result from a calculation made using the method set out in the remainder of this Annex or applying the internal models method described in Annex V.
Poleg tega pristojni organi lahko dovolijo, da je kapitalska zahteva za kupljene opcije na blago, s katerimi se trguje na borzah ali na prostem trgu (OTC) , enaka osnovnemu instrumentu na katerega se opcije nanašajo, pod pogojem, da izračunana kapitalska zahteva ne presega tržne vrednosti teh opcij.
In addition they may allow the requirement on a bought exchange-traded or OTC commodity option to be the same as that for the commodity underlying it, subject to the constraint that the resulting requirement does not exceed the market value of the option.
Kapitalska zahteva za izdano opcijo na blago, s katero se trguje na prostem trgu (OTC) se določi glede na blago, ki je osnovni instrument opcije.
The requirement for a written OTC option shall be set in relation to the commodity underlying it.
Nakupni boni na blago se obravnavajo na enak način kot opcije na blago iz odstavka 10.
Warrants relating to commodities shall be treated in the same way as commodity options referred to in point 10.
Prenosnik blaga ali zajamčenih pravic, glede na pravice na blago v okviru poslov začasne prodaje/začasnega nakupa in posojevalec v okviru poslov posoje/izposoje blaga, vključita to blago v izračun kapitalske zahteve v skladu s to prilogo.
The transferor of commodities or guaranteed rights relating to title to commodities in a repurchase agreement and the lender of commodities in a commodities lending agreement shall include such commodities in the calculation of its capital requirement under this Annex.
Pristop lestvice zapadlosti
Maturity ladder approach
Institucija za vsako vrsto blaga uporabi svojo lestvico zapadlosti v skladu s tabelo 1.
The institution shall use a separate maturity ladder in line with Table 1 for each commodity.
Vse pozicije v isti vrsti blaga in vse pozicije, ki se v skladu z odstavkom 7 obravnavajo kot pozicije v isti vrsti blaga, se uvrstijo v ustrezen razred zapadlosti.
All positions in that commodity and all positions which are regarded as positions in the same commodity pursuant to point 7 shall be assigned to the appropriate maturity bands.
Fizične zaloge blaga se uvrstijo v prvi razred zapadlosti.
Physical stocks shall be assigned to the first maturity band.
Razredi zapadlosti
Maturity band
> 1 ≤ 3 mesece
> 1 ≤ 3 months
> 1 ≤ 2 leti
> 1 ≤ 2 years
> 2 ≤ 3 leta
> 2 ≤ 3 years
> 3 leta
> 3 years
Pristojni organi lahko dovolijo, da se pozicije skladne z odstavkom 7 obravnavajo kot pozicije v isti vrsti blaga, pobotajo in uvrščajo v ustrezni razred zapadlosti v neto vrednosti , pri čemer dovoljenje velja za naslednje:
Competent authorities may allow positions which are, or are regarded pursuant to point 7 as, positions in the same commodity to be offset and assigned to the appropriate maturity bands on a net basis for the following:
pozicije v pogodbah z istim dnevom zapadlosti; in
positions in contracts maturing on the same date; and
pozicije v pogodbah, med katerih dnevi zapadlosti ne preteče več kot 10 dni, če se s pogodbami trguje na trgih, kjer se dnevno določa datum poravnave.
positions in contracts maturing within 10 days of each other if the contracts are traded on markets which have daily delivery dates.
Institucija nato izračuna vsoto dolgih in vsoto kratkih pozicij v vsakem posameznem razredu zapadlosti.
The institution shall then calculate the sum of the long positions and the sum of the short positions in each maturity band.
Vsota prvih (drugih), ki so izravnanih z drugimi (prvimi) v določenem razredu zapadlosti, je izravnana pozicija tega razreda zapadlosti, medtem ko preostala dolga oziroma kratka pozicija neizravnana pozicija tega razreda zapadlosti.
The amount of the former (latter) which are matched by the latter (former) in a given maturity band shall be the matched positions in that band, while the residual long or short position shall be the unmatched position for the same band.
Del neizravnane dolge (kratke) pozicije za določen razred zapadlosti, ki se izravna z neizravnano kratko (dolgo) pozicijo v naslednjem razredu zapadlosti, predstavlja izravnano pozicijo med dvema razredoma zapadlosti.
That part of the unmatched long (short) position for a given maturity band that is matched by the unmatched short (long) position for a maturity band further out shall be the matched position between two maturity bands.
Del neizravnane dolge ali neizravnane kratke pozicije med tema dvema razredoma predstavlja neizravnano pozicijo.
That part of the unmatched long or unmatched short position that cannot be thus matched shall be the unmatched position.
) vsota izravnanih dolgih in kratkih pozicij, pomnoženih z ustreznim razmikom, ki je naveden v drugem stolpcu tabele 1 k odstavku 13, in s promptno ceno za blago za vsak razred zapadlosti;
the sum of the matched long and short positions, multiplied by the appropriate spread rate as indicated in the second column of Table 1 to point 13 for each maturity band and by the spot price for the commodity;
neizravnana pozicija, ki ostane po izravnavi v določenem razredu zapadlosti, se prenese v naslednji razred zapadlosti, kjer se izravnava z neizravnano pozicijo tega razreda neizravnana pozicija, ki se prenese, se pomnoži z 0,6 % (carry rate) in s promptno ceno za blago; in
the matched position between two maturity bands for each maturity band into which an unmatched position is carried forward, multiplied by 0,6% (carry rate) and by the spot price for the commodity; and
preostale neizravnane pozicije, pomnožene s 15 % (outright rate) in s promptno ceno za blago.
the residual unmatched positions, multiplied by 15% (outright rate) and by the spot price for the commodity.
Skupna kapitalska zahteva institucije za tveganja spremembe cen blaga se v skladu z odstavkom 17 izračuna kot vsota kapitalskih zahtev za vsako vrsto blaga.
The institution's overall capital requirement for commodities risk shall be calculated as the sum of the capital requirements calculated for each commodity according to point 17.
Enostavni pristop
Simplified approach
Kapitalska zahteva institucije za vsako vrsto blaga se izračuna kot vsota:
The institution's capital requirement for each commodity shall be calculated as the sum of:
15 % neto pozicije, dolge ali kratke, pomnožene s promptno ceno za blago; in
15% of the net position, long or short, multiplied by the spot price for the commodity; and
3 % bruto pozicije, vsota dolge in kratke pozicije, pomnožene s promptno ceno za blago.
3% of the gross position, long plus short, multiplied by the spot price for the commodity.
Skupna kapitalska zahteva institucije za tveganja v zvezi z borznim blagom se v skladu z odstavkom 19 izračuna kot seštevek kapitalskih zahtev za vsako vrsto borznega blaga.
The institution's overall capital requirement for commodities risk shall be calculated as the sum of the capital requirements calculated for each commodity according to point 19.
Razširjeni pristop lestvice zapadlosti
Extended Maturity ladder approach
Pristojni organi lahko dovolijo institucijam, da namesto določil iz členov 13, 14, 17 in 18 uporabljajo minimalni razmik, ceno prenosa (carry rate) in skupno ceno (outright rate) iz spodnje tabele 2, če po mnenju svojih pristojnih organov:
Competent authorities may authorise institutions to use the minimum spread, carry and outright rates set out in the following table (Table 2) instead of those indicated in points 13, 14, 17 and 18 provided that the institutions, in the opinion of their competent authorities:
institucije sklepajo pomemben obseg poslov z blagom,
undertake significant commodities business;
imajo razpršen portfelj za blago, in
have a diversified commodities portfolio; and
še niso morejo uporabljati notranjih modelov za izračun kapitalske zahteve za tveganja spremembe cen blaga v skladu s Prilogo V.
are not yet in a position to use internal models for the purpose of calculating the capital requirement on commodities risk in accordance with Annex V.
Ostale kovine
Base metals
Kmetijski proizvodi ( razen kovin)
Agricultural products (softs)
Drugo blago, vključno z energetskim blagom
Other, including energy products
Cena prenosa (carry rate) (%)
Carry rate (%)
Skupna cena (outright rate) (%)
Outright rate (%)
Pristojni organi lahko ob upoštevanju pogojev iz te priloge institucijam dovolijo, da izračunajo kapitalsko zahtevo za pozicijsko tveganje, valutno tveganje in/ali tveganje spremembe cen blaga po svojih notranjih modelih za upravljanje s tveganji namesto ali v kombinaciji z metodami, ki so navedene v Prilogah I, III in IV.
The competent authorities may, subject to the conditions laid down in this Annex, allow institutions to calculate their capital requirements for position risk, foreign-exchange risk and/or commodities risk using their own internal risk-management models instead of or in combination with the methods described in Annexes I, III and IV.