This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. English to German
  3. Government / Politics

non-default losses

German translation: Verluste ohne Ausfall der Gegenpartei

16:43 Nov 10, 2017
English to German translations [PRO]
Bus/Financial - Government / Politics / EU politics
English term or phrase: non-default losses
As a significant amount of the financial risk of the Union financial system is processed by and concentrated in CCPs on behalf of clearing members and their clients, effective regulation and robust supervision of CCPs is essential.
In force since August 2012, Regulation (EU) No 648/2012 of the European Parliament and of the Council19 requires CCPs to observe high prudential, organisational and conduct of business standards.
Competent authorities are tasked with the full oversight of their activities, working together within colleges which group together relevant authorities for the specific tasks allocated to them.
In accordance with commitments entered into by G20 leaders since the financial crisis, Regulation (EU) No 648/2012 also requires standardised OTC derivatives to be centrally cleared by a CCP.
As the obligation to centrally clear OTC derivatives comes into effect, the volume and range of business done by CCPs is likely to increase which may, in turn, provide additional challenges for the CCPs' risk management strategies.
Given this context, in assessing the CCP’s recovery plans, the competent authority should take into account the prudential requirements included in Regulation (EU) No 648/2012.
Any change to those requirements should be subject to an impact assessment.
Moreover, if additional capital were to be required on top of current requirements, this additional capital should be able to offset against any voluntary CCP capital tranches/buffers in the financial waterfall, otherwise the incentive to use such voluntary capital will disappear.
Additionally, regarding """"""non-default losses""""""", the burden of covering such losses should be on the institutions responsible for creating them and the basis for the calculation of any potential additional resources for such non-default losses should exclude the capital for orderly wind down of the CCP.

19 Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (OJ L 201, 27.7.2012, p. 1).
Susan Majaura
Germany
German translation:Verluste ohne Ausfall der Gegenpartei
Explanation:
sorry I can't get it shorter, there might be a shorter way of expressing this.

see in DE
https://annualreport.deutsche-bank.com/2016/ar/risk-report/r...

and in EN
https://geschaeftsbericht.deutsche-bank.de/2016/gb/risikober...

Also ties in with my response to your other question.
Selected response from:

Daniel Arnold (X)
Australia
Local time: 11:49
Grading comment
Ich glaube, ihre Antwort verändern den Sinn. Ich hab es so verstanden, dass es eher Verluste sind, die nicht vom Ausfall der Gegenpartei verursacht wurden..
2 KudoZ points were awarded for this answer



Summary of answers provided
4Verluste ohne Ausfall der Gegenpartei
Daniel Arnold (X)
Summary of reference entries provided
Hilft das?
Bernd Albrecht

  

Answers


3 days 4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Verluste ohne Ausfall der Gegenpartei


Explanation:
sorry I can't get it shorter, there might be a shorter way of expressing this.

see in DE
https://annualreport.deutsche-bank.com/2016/ar/risk-report/r...

and in EN
https://geschaeftsbericht.deutsche-bank.de/2016/gb/risikober...

Also ties in with my response to your other question.

Daniel Arnold (X)
Australia
Local time: 11:49
Works in field
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 6
Grading comment
Ich glaube, ihre Antwort verändern den Sinn. Ich hab es so verstanden, dass es eher Verluste sind, die nicht vom Ausfall der Gegenpartei verursacht wurden..
Notes to answerer
Asker: Ich konnte in Ihren Referenzen den Term nicht finden...

Login to enter a peer comment (or grade)




Reference comments


24 mins
Reference: Hilft das?

Reference information:
See the position paper of the International Swaps and Derivatives Association (ISDA) on “CCP loss allocation at the end of the waterfall”, August 2013 http://www2.isda.org/attachment/NTc5Nw==/CCP_loss_allocation...

File: CCP_loss_allocation_waterfall_0807.pdf



--------------------------------------------------
Note added at 46 Min. (2017-11-10 17:30:51 GMT)
--------------------------------------------------

Try this one:

http://www.mondovisione.com/_assets/files/CCP_loss_allocatio...

Bernd Albrecht
Switzerland
Native speaker of: Native in GermanGerman
PRO pts in category: 35
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search