natgillin/translations-raw huggingface dataset:
The deadline for requesting access to the marginal lending facility is postponed by an additional 15 minutes on the last Eurosystem business day of a reserve
Splošno pravilo je, da je čas zaprtja sistema TARGET2 za poslovanje 18.00 po času ECB (srednjeevropski čas). Skrajni rok za zahtevek
LEGAL NATUREThe national central banks may provide liquidity under the marginal lending facility either in the form of overnight repurchase agreements (i.e. the ownership of the asset is transferred to the creditor, while the parties agree to reverse the transaction through a retransfer of the asset to the debtor on the next business day) or as overnight collateralised loans (i.e. an enforceable security interest is provided over the assets but, assuming fulfilment of the debt obligation, ownership of the asset is retained by the debtor).
PRAVNA NARAVANacionalne centralne banke lahko ponudijo likvidnost v okviru odprte ponudbe mejnega posojila bodisi v obliki repo pogodb čez noč (tj. lastništvo nad finančnim premoženjem se prenese na upnika, istočasno pa stranki skleneta povratno transakcijo vračila lastništva finančnega premoženja nazaj na dolžnika z naslednjim delovnim dnem) ali z zavarovanimi posojili čez noč (tj. upnik dobi izvršljivo pravico unovčenja finančnega premoženja, ki je bilo dano kot zavarovanje terjatve, vendar ob predpostavljeni izpolnitvi dolžnikove obveznosti lastništvo nad finančnim premoženjem obdrži dolžnik).
Arrangements for providing the liquidity in the form of collateralised loans take account of the different procedures and formalities required to enable the establishment and subsequent realisation of a relevant interest in the collateral (a pledge, an assignment or a charge) which apply in different jurisdictions.
Ureditve za zagotavljanje likvidnosti v obliki zavarovanih posojilupoštevajoposebnepostopkein formalnosti, ki so v posameznih pravnih sistemih potrebni za vzpostavitev in poznejše aktiviranje osnovnega zavarovanja (npr. zastava, odstop terjatve ali zavarovanje (charge)).
Starting on 19 November 2007, the decentralised technical infrastructure of TARGET has been replaced by the single shared platform of TARGET2 through which all payment orders are submitted and processed and through which payments are received in the same technical manner.
Decentralizirano tehnično infrastrukturo sistema TARGET je z 19. novembrom 2007 zamenjala enotna skupna platforma sistema TARGET2, prek katere so predloženi in obdelani vsi plačilni nalogi in prek katere so plačila prejeta na enak tehnični način.
Migration to TARGET2 has been arranged in three country groups, allowing TARGET users to migrate to TARGET2 in different waves and on different pre-defined dates.
Migracija na sistem TARGET2 je bila organizirana v treh skupinah držav, kar je uporabnikom sistema TARGET omogočilo, da preidejo na TARGET2 v valovih in na različne vnaprej določene datume.
The composition of the country groups was the following: Group 1 (19 November 2007): Austria, Cyprus, Germany, Luxemburg, Malta and Slovenia; Group 2 (18 February 2008): Belgium, Finland, France, Ireland, Netherlands, Portugal and Spain; and Group 3 (19 May 2008): Greece, Italy, and the ECB.
Sestava skupin držav je bila naslednja: v 1. skupini (19. novembra 2007) so bile Avstrija, Ciper, Nemčija, Luksemburg, Malta in Slovenija; v 2. skupini (18. februarja 2008) so bile Belgija, Finska, Francija, Irska, Nizozemska, Portugalska in Španija; v 3. skupini (19. maja 2008) pa so bile Grčija, Italija in ECB.
A fourth migration date (15 September 2008) was held in reserve as a contingency measure.
Četrti migracijski datum (15. septembra 2008) je bil določen kot rezervni datum v primeru nepredvidljivih dogodkov.
Certain non-participating national central banks have also beenconnected to TARGET2 on the basis of a separate agreement: Latvia and Lithuania (in Group 1), as well as Denmark, Estonia and Poland (in Group 3).
Nekatere nesodelujoče nacionalne centralne banke so bile na podlagi ločenega dogovora tudi povezane v sistem TARGET2: Latvija in Litva (v 1. skupini) ter Danska, Estonija in Poljska (v 3. skupini).
In addition, access to the marginal lending facility is only granted when the requirements of the payment system infrastructure in the RTGS have been fulfi lled.In some Member States, the national central bank or some of its branches may not be open for the purpose of conducting monetary policy operations on certain Eurosystem business days due to national or regional bank holidays.
Poleg tega je dostop do odprte ponudbe mejnega posojila dovoljen samo, ko so bile zahteve v zvezi z infrastrukturo plačilnega sistema v BPRČ izpolnjene. V nekaterih državah članicah nacionalne centralne banke (ali nekatere njihove podružnice) na določene delovne dneve Eurosistema ne izvajajo operacij denarne politike zaradi nacionalnih ali regionalnih praznikov.
In such cases, the national central bank is responsible for informing the counterparties in advance of the arrangements to be made for access to the marginal lending facility on the bank holiday.TARGET2 closing days are announced on the ECB’s website (www.ecb.europa.eu), and on the Eurosystem websites (see Appendix 5).
V teh primerih je zadevna nacionalna centralna banka odgovorna za vnaprejšnje obveščanje nasprotnih strank o ureditvi dostopa do odprte ponudbe mejnega posojila na ta praznični dan.Dnevi, ko je sistem TARGET2 zaprt, so objavljeni na spletni strani ECB (www.ecb.europa.eu), kakor tudi na spletnih straneh Eurosistema (glej prilogo 5).
when the relevant SSSs are not operational, access to the marginal lending facilities is
Dostop do odprte ponudbe mejnega posojila je mogoč samo ob dnevih, ko je TARGET2 1 odprt
LEGAL NATUREThe overnight deposits accepted from counterparties are remunerated at a fixed rate of interest.
V normalnih okoliščinah obrestna mera za odprto ponudbo mejnega depozita predstavlja spodnjo mejo obrestne mere na trgu čez noč.
No collateral is given to the counterparty in exchange for the deposits.
Pogoji za mejni depozit so enaki v celotnem euroobmočju.
Apart from the requirement to present sufficient underlying eligible assets, there is no limit to the amount of funds that can be advanced under the marginal lending facility.
Razen zahteve po predložitvi zadostnega primernegafinančnegapremoženjaza zavarovanje terjatve ni omejitve glede denarnega zneska, ki se lahko odobri v okviru odprte ponudbe mejnega posojila.
ACCESS CONDITIONS 8Institutions fulfilling the general counterparty eligibility criteria specified in Section 2.1 may access the deposit facility.
POGOJI DOSTOPA 8Do odprte ponudbe mejnega depozita lahko dostopijo institucije, ki izpolnjujejo splošna merila primernosti za nasprotne stranke, določena v poglavju 2.1.
Access to the deposit facility is granted only on days when TARGET2 is open.
Dostop je mogoč samo na dneve, ko je TARGET2 odprt za poslovanje.
MATURITY AND INTEREST TERMSThe maturity of credit extended under the facility is overnight.
ZAPADLOST IN IZRAČUN OBRESTIZapadlost posojila, odobrenega na podlagi odprte ponudbe mejnega posojila, je čez noč.
For counterparties participating directly in TARGET2, the credit is repaid on the next day on which (i) TARGET2; and (ii) the relevant SSSs are operational, at the time at which those systems open.
Nasprotne stranke, ki so neposredno udeležene v sistemu TARGET2, (i) posojilo odplačajo naslednji dan, ko sta TARGET2 in (ii) ustrezni sistem poravnave vrednostnih papirjev odprta za poslovanje, in sicer v trenutku, ko se odpreta.
The interest rate is announced in advance by the Eurosystem and is calculated as a simple interest rate based on the day-count convention “actual/360”.
Obrestno mero objavi Eurosistem vnaprej in se izračuna kot linearna obrestna mera, pri čemer se za štetje dni uporablja konvencija „dejansko število dni/360 dni v letu”.
The ECB may change the interest rate at any time, effective, at the earliest, from the following Eurosystem business day.5, 6Interest under the facility is payable with the repayment of the credit.
ECB lahko kadar koli spremeni obrestno mero z veljavnostjo ne prej kot naslednji delovni dan Eurosistema. 5, 6 Obresti za posojilo se plačajo skupaj z odplačilom posojila.
SUSPENSION OF THE FACILITYAccess to the facility is granted only in accordance with the objectives and general monetary policy considerations of the ECB.
UKINITEV ODPRTE PONUDBEDostop do odprte ponudbe mejnega posojila se odobri samo v skladu s cilji in splošnimi usmeritvami denarne politike ECB.
4.2 THE DEPOSIT FACILITY
4.2 ODPRTA PONUDBA MEJNEGA DEPOZITA
5 Throughout this document, the term “Eurosystem business day” refers to any day on which the ECB and at least one national central bank are open for the purpose of conducting Eurosystem monetary policy operations.6 The Governing Council usually decides on interest rate changes when assessing its monetary policy stance at its first meeting of the month.
5 V celotnem dokumentu se izraz „delovni dan Eurosistema” nanaša na kateri koli dan, ko sta ECB in najmanj ena nacionalna centralna banka odprti za izvajanje operacij denarne politike Eurosistema.6 Svet ECB ponavadi sprejme odločitev o spremembi obrestnih mer na prvi seji v mesecu, ko ocenjuje naravnanost denarne politike.
Usually such decisions become effective only from the beginning of the new reserve maintenance period.7 Operational differences resulting from the existence of different account structures in the national central banks may exist across euro area countries.8 Owing to the existence of different account structures across the national central banks, the ECB may allow national central banks to apply access conditions which are slightly different from those referred to here.
Takšna odločitev ponavadi začne veljati šele na začetku novega obdobja izpolnjevanja obveznih rezerv.7 Zaradi različnih struktur računov v nacionalnih centralnih bankah lahko med državami euroobmočja obstajajo operativne razlike.8 Zaradi obstoja različnih struktur računov v nacionalnih centralnih bankah lahko ECB dovoli nacionalnim centralnim bankam uporabljati pogoje dostopa, ki se nekoliko razlikujejo od tistih, ki so navedeni tukaj.
The national central banks will provide information on any such deviations from the access conditions described in this document.9 See footnote 3 in this chapter.10 See footnote 4 in this chapter.
Nacionalne centralne banke posredujejo informacije o morebitnih odstopanjih od pogojev dostopa, opisanih v tem dokumentu.9 Glej opombo 3 v tem poglavju.10 Glej opombo 4 v tem poglavju.
TYPE OF INSTRUMENTCounterparties can use the deposit facility to make overnight deposits with national central banks.
VRSTA INSTRUMENTANasprotne stranke lahko uporabijo odprto ponudbomejnegadepozitazasklenitev depozitov čez noč pri nacionalnih centralnih bankah.
The deposits are remunerated at a pre-specified interest rate.
Depoziti se obrestujejo po vnaprej
MATURITY AND INTEREST TERMSThe maturity of deposits under the facility is overnight.
ZAPADLOST IN IZRAČUN OBRESTIZapadlost depozita v okviru odprte ponudbe mejnega depozita je čez noč.
For counterparties participating directly in TARGET2, deposits held under the facility mature on the next day on which TARGET2 is operational, at the time at which this system opens.
Za nasprotne stranke, ki so neposredno udeležene v sistemu TARGET2, imajo depoziti rok zapadlosti naslednji dan, ko je TARGET2 odprt za poslovanje, in sicer v trenutku, ko se odpre.
The ECB may change the interest rate at any time, effective, at the earliest, from the following Eurosystem business day.11Interest on the deposits is payable on maturity of the deposit.
ECB lahko kadar koli spremeni obrestno mero, z veljavnostjo ne prej kot naslednji delovni dan Eurosistema. 11 Obresti na depozite se plačajo ob zapadlosti depozita.
SUSPENSION OF THE FACILITYAccess to the facility is granted only in accordance with the objectives and general monetary policy considerations of the ECB.
UKINITEV ODPRTE PONUDBEDostop do odprte ponudbe mejnega depozita se odobri samo v skladu s cilji in splošnimi usmeritvami denarne politike ECB.
11 See footnote 6 in this chapter.
11 Glej opombo 6 v tem poglavju.
5.1.1 GENERAL CONSIDERATIONS
5.1.1 SPLOŠEN OPIS
Eurosystem open market operations are normally executed in the form of tenders.
Operacije glavnega refinanciranja, operacije dolgoročnejšega refinanciranja in strukturne operacije (razen dokončnih transakcij) se vedno izvajajo v obliki standardnih avkcij.
The Eurosystem’s tender procedures are performed in six operational steps, as specified in Box 3.
Standardnih avkcij se lahko udeležijo nasprotne stranke, ki izpolnjujejo splošna merila primernosti iz poglavja 2.1.
The main refinancing operations, the longerterm refinancing operations and structural operations (with the exception of outright transactions) are always executed in the form of standard tenders.
Operacije odprtega trga Eurosistema se običajno izvajajo v obliki avkcij.
Counterparties fulfilling the general eligibility criteria specified in Section 2.1 may participate in standard tenders.
Avkcijski postopki Eurosistema se izvajajo v šestih operativnih korakih, kakor so navedeni v okvirju 3.
Chart 1 gives an overview of the normal time frame for the operational steps for standard tenders. The ECB
ECB se lahko odloči, da prilagodi časovni okvir pri posameznih operacijah, če meni, da je to primerno.
QUICK TENDERSQuick tenders are normally executed within 90 minutes of the announcement of the tender, with certification taking place immediately after the announcement of the allotment result.
STANDARDNE AVKCIJEPri standardnih avkcijah lahko poteče največ 24 ur od najave avkcije do pošiljanja obvestil uspešnim ponudnikom (pri čemer je čas med rokom za posredovanje protiponudb in objavo dodelitve približno dve uri).
The normal time frame for the operational steps for quick tenders is specified in Chart 2.
Slika 1 prikazuje običajen časovni okvir za operativne korake standardnih avkcij.
The Eurosystem may select, according to the criteria and procedures specified in Section 2.2, a limited number of counterparties to participate in quick tenders.
AVKCIJE S FIKSNO MERO IN AVKCIJE Z VARIABILNO MEROEurosistem ima možnost izvajati bodisi avkcije s fiksno mero (licitira se količina) bodisi avkcije
OPERATIONAL STEPS FOR TENDER PROCEDURES
OPERATIVNI KORAKI AVKCIJSKIH POSTOPKOV
Counterparties’ preparation and submission of bids
Priprava in posredovanje protiponudb s strani nasprotnih strank
Certification of individual allotment results
Pošiljanje obvestil uspešnim ponudnikom
Settlement of the transactions (see Section 5.3)
Poravnava transakcij (glej poglavje 5.3)
Chart 1 Normal time frame for the operational steps in standard tenders
Slika 1 Običajni časovni okvir za izvajanje operativnih korakov v standardnih avkcijah
(times are stated in ECB time (CET))
(naveden je čas, ki ga uporablja ECB (srednjeevropski čas))
11.15 a.m.Announcementof tender results
15.30 Najava avkcije
9.30 a.m.Deadline for counterparties’submission of bids
9.30Rok za posredovanje protiponudbnasprotnih strank
Chart 2 Normal time frame for the operational steps for quick tenders
Slika 2 Običajni časovni okvir za izvajanje operativnih korakov v hitrih avkcijah
1st hour
1. ura
2nd hour
2. ura
3rd hour
3. ura
Deadline for counterparties’submission of bids
Rok za posredovanje protiponudbnasprotnih strank
Announcementof tender results
Objavarezultatov avkcije
an indicative calendar published by the Eurosystem.3 The calendar is published at least three months before the start of the year for which it is valid.
Pri avkciji s fiksno mero ECB vnaprej določi obrestno mero in udeležene nasprotne stranke v protiponudbah navedejo denarni znesek posla, ki ga želijo skleniti po fiksni obrestni meri.
The normal trade days for the main and the longerterm refinancing operations are specified in Table 2.
1 leta, za katerega velja.
The ECB aims to ensure that counterparties in all Member States can participate in the main and the longerterm refinancing operations. Therefore, when
Običajni trgovalni dnevi za operacije glavnega in dolgoročnejšega refinanciranja so navedeni v tabeli 2.
FIXED RATE AND VARIABLE RATE TENDERSThe Eurosystem has the option of conducting either fixed rate (volume) or variable rate (interest) tenders.
ECB si prizadeva zagotoviti, da se operacij glavnega in dolgoročnejšega refinanciranja lahko udeležijo nasprotne stranke v vseh državah članicah.
In a fixed rate tender, the ECB specifies the interest rate in advance and participating counterparties bid the amount of money they want to transact at the fixed interest rate.1 In a variable rate tender, counterparties bid the amounts of money and the interest rates at which they want to enter into transactions with the national central banks.2
ECB pri pripravi okvirnega koledarja avkcij upošteva državne praznike v posameznih
5.1.2 TENDER OPERATIONS CALENDAR
5.1.2 KOLEDAR AVKCIJ
In fixed rate foreign exchange swap tenders, the ECB fixes the swap points of the operation and the counterparties offer the amount of currency kept fixed that they wish to sell (and buy back) or buy (and sell back) at that rate.In variable rate foreign exchange swap tenders, the counterparties bid the amount of the currency kept fixed and the swap point quotation at which they wish to enter into the operation.The calendar for the Eurosystem’s tender operations can be found on the ECB’s website (www.ecb.europa.eu.), as well as on the Eurosystem websites (see Appendix 5).
Pri avkcijah valutnih zamenjav s fiksno swap mero ECB za posamezno operacijo določi swap točke, nasprotne stranke pa licitirajo znesek osnovne valute, ki ga želijo prodati (in ponovno kupiti) ali kupiti (in ponovno prodati) po navedeni meri.Pri avkcijah valutnih zamenjav z variabilno swap mero nasprotne stranke v protiponudbah navedejo znesek osnovne valute in kotacijo swap točk, po katerih želijo skleniti posel.Koledar avkcij Eurosistema je objavljen na spletni strani ECB (www.ecb.europa.eu), kakor tudi na spletnih straneh Eurosistema (glej prilogo 5).
MAIN AND LONGER-TERM REFINANCING OPERATIONSThe main and the longerterm refinancing operations are executed according to
OPERACIJE GLAVNEGA IN DOLGOROČNEJŠEGA REFINANCIRANJAOperacijeglavnegaindolgoročnejšega refinanciranja se izvajajo v skladu z okvirnim koledarjem, ki ga objavi Eurosistem.
Table 2 Normal trade days for the main and the longerterm refinancing operations
Tabela 2 Običajni trgovalni dnevi za operacije glavnega in dolgoročnejšega refinanciranja
Normal trade day (T)
Običajni trgovalni dan (T) vsak torek
Main refinancing operations Longerterm refinancing operations
Operacije glavnega refi na n c i r a n j a Operacije dolgoročnejšega refinanciranja nanciranja zadnjo sredo vsakega koledarskega meseca1)
The last Wednesday of each calendar month 1)
1) Zaradi božičnih praznikov se decembrska operacija prestavi na zgodnejši termin, običajno za en teden, tj. na predhodno sredo v tem mesecu.
1) Owing to the Christmas period, the December operation is brought forward, normally by one week, i.e. to the preceding Wednesday of the month.
državah članicah, zato so možna odstopanja od običajnih trgovalnih dni.
• the method of allotment (“Dutch” or “American” auction, as defined in Section 5.1.5);
• metoda dodelitve (avkcija nizozemskega tipa ali avkcija ameriškega tipa, kakor je opredeljeno v poglavju 5.1.5);
• the intended operation volume (normally only in the case of longerterm refinancing operations);
• predvideni znesek operacije (običajno samo pri operacijah dolgoročnejšega refinanciranja); nanciranja);
STRUCTURAL OPERATIONSStructural operations through standard tenders are not executed according to any pre-specified calendar.
STRUKTURNE OPERACIJEStrukturne operacije, ki se izvajajo na podlagi standardnih avkcij, se ne izvajajo po vnaprej določenem koledarju.
However, they are normally conducted and settled only on days which are NCB business days 4 in all Member States.
Običajno se izvajajo in poravnavajo samo ob dnevih, ki so delovni dnevi za nacionalne centralne banke 4 v vseh državah članicah.
• the fixed tender interest rate/price/swap point (in the case of fixed rate tenders);
fiksna obrestna mera/cena/swap točke, ki je določena za avkcijo (pri avkcijah s fiksno mero);
• the minimum/maximum accepted interest rate/price/swap point (if applicable);
• izklicna obrestna mera/cena/swap točke (če je predvideno);
• the start date and maturity date of the operation (if applicable), or the value date and maturity date of the instrument (in the case of the issuance of debt certificates); cates);
• datum začetka in datum zapadlosti operacije (če je predvideno) ali datum poravnave in datum zapadlosti instrumenta (pri izdaji dolžniških certifikatov); katov);
FINE-TUNING OPERATIONSFine-tuning operations are not executed according to any pre-specified calendar.
OPERACIJE FINEGA URAVNAVANJAOperacije finega uravnavanja se ne izvajajo po vnaprej določenem koledarju.
Only national central banks of Member States in which the trade day, the settlement day and the reimbursement day are NCB business days participate in such operations.
V teh operacijah sodelujejo samo nacionalne centralne banke držav članic, v katerih so trgovalni dan, dan poravnave in dan zapadlosti delovni dnevi NCB.
5.1.3 ANNOUNCEMENT OF TENDER OPERATIONS the currencies involved and the currency, the amount of which is kept fixed (in the case of foreign exchange swaps);
• valute, uporabljene v operaciji, in osnovna valuta (pri valutnih zamenjavah);
• the reference spot exchange rate to be used for the calculation of bids (in the case of foreign exchange swaps);
• referenčni promptni devizni tečaj, ki se uporablja za izračun protiponudb (pri valutnih zamenjavah);
The public tender announcement message normally contains the following information:
Javna najava avkcije običajno vsebuje naslednje podatke: zgornjamejeprotiponudbe(čeje predvideno);
• the minimum individual allotment amount (if any);
• sklicna številka avkcije;
• the reference number of the tender operation;
• minimalni posamezni znesek dodelitve (če je predvideno);
• the date of the tender operation;
• datum avkcije;
• the type of operation (provision or absorption of liquidity and the type of monetary policy instrument to be used);
• vrsta operacije (povečevanje ali umikanje likvidnosti in vrsta instrumenta denarne politike, ki se bo uporabil);
Throughout this document, the term “NCB business day” refers to any day on which the national central bank of a specific Member State is open for the purpose of conducting Eurosystem monetary policy operations.
V celotnem dokumentu se izraz „delovni dan NCB” nanaša na kateri koli dan, ko je nacionalna centralna banka določene države članice odprta za izvajanje operacij denarne politike Eurosistema.
In some Member States, branches of the national central bank may be closed on NCB business days owing to local or regional bank holidays.
V nekaterih državah članicah so lahko podružnice nacionalne centralne banke zaprte na delovni dan NCB zaradi lokalnih ali regionalnih praznikov.
In such cases, the relevant national central bank is responsible for informing the counterparties in advance of the arrangements to be made for transactions involving those branches.
V teh primerih je zadevna nacionalna centralna banka odgovorna, da vnaprej obvesti nasprotne stranke o postopkih za transakcije, ki vključujejo te podružnice.
• the maturity of the operation;
vrsta avkcije (avkcija s fiksno mero ali avkcija z variabilno mero);
• the time schedule for the submission of bids;
• nominalna vrednost certifikatov (pri izdaji dolžniških certifikatov); katov); odstotne točke.
0.01 percentage point. In the case of a variable rate foreign exchange swap tender, the swap points must be quoted according to standard market conventions and bids must be expressed as multiples of 0.01 swap point.
Pri operacijah valutnih zamenjav z variabilno swap mero se morajo swap točke navesti v skladu s splošnimi tržnimi običaji, protiponudbepamorajo biti izražene kot mnogokratnik 0,01 swap točke.
• the ISIN code of the issue (in the case of the issuance of debt certificates). cates).
ISIN koda izdaje (pri izdaji dolžniških certifikatov). katov).
For the main refinancing operations, the minimum bid amount is €1,000,000.
Pri operacijah glavnega refinanciranja znaša najnižji znesek protiponudbe 1.000.000 EUR.