#574573
is díorthaigh airgeadais iad díorthaigh chreidmheasa arb é a bpríomhchuspóir trádáil a dhéanamh ar riosca creidmheasa.
credit derivatives are financial derivatives the primary purpose of which is to trade credit risk.
is díorthaigh airgeadais iad díorthaigh chreidmheasa arb é a bpríomhchuspóir trádáil a dhéanamh ar riosca creidmheasa.
credit derivatives are financial derivatives the primary purpose of which is to trade credit risk.
(-) Eligible purchased credit derivatives offset against written credit derivatives
(-) Eligible purchased credit derivatives offset against written credit derivatives
Dearbhluachanna tosaigh roimh thurraing — Sócmhainní — riosca raon difríochta — díorthaigh chreidmheasa — turraing anuas/aníos maidir le díorthaigh chreidmheasa
Initial absolute values before shock – Assets – spread risk – credit derivatives – downward/upward shock on credit derivatives
Dearbhluachanna tosaigh roimh thurraing — Dliteanais — riosca raon difríochta — díorthaigh chreidmheasa — turraing anuas/aníos maidir le díorthaigh chreidmheasa
Initial absolute values before shock – Liabilities – spread risk – credit derivatives – downward/upward shock on credit derivatives
Dearbhluachanna i ndiaidh turrainge — Sócmhainní — riosca raon difríochta — díorthaigh chreidmheasa — turraing anuas/aníos maidir le díorthaigh chreidmheasa
Absolute values after shock – Assets – spread risk – credit derivatives – downward/upward shock on credit derivatives
áirítear ar na teagmhais chreidmheasa a shonraítear sa chonradh díorthach creidmheasa:
the credit events specified in the credit derivative contract include:
I gcás ina ndéanfaidh institiúid fálú ar risíocht leabhair neamhthrádála ar phriacal creidmheasa nó ar risíocht ar phriacal contrapháirtí ag úsáid díorthach creidmheasa atá cláraithe ina leabhar trádála, aithneofar an suíomh díorthaigh creidmheasa sin mar fhálú inmheánach ar risíocht leabhair neamhthrádála ar phriacal creidmheasa nó ar risíocht ar phriacal contrapháirtí chun críche na méideanna risíochta atá ualaithe ó thaobh priacal dá dtagraítear i bpointe (a) d'Airteagal 92(3) a ríomh i gcás ina ndéanfaidh an institiúid idirbheart díorthaigh chreidmheasa eile le soláthraí cosanta tríú páirtí incháilithe a chomhlíonann na ceanglais maidir le cosaint neamhchistithe chreidmheasa sa leabhar neamhthrádála agus a fhritháiríonn go hiomlán priacal margaidh an fhálaithe inmheánaigh.
Where an institution hedges a non-trading book credit risk exposure or counterparty risk exposure using a credit derivative booked in its trading book, that credit derivative position shall be recognised as an internal hedge of the non-trading book credit risk exposure or counterparty risk exposure for the purpose of calculating the risk-weighted exposure amounts referred to in point (a) of Article 92(3) where the institution enters into another credit derivative transaction with an eligible third party protection provider that meets the requirements for unfunded credit protection in the non-trading book and perfectly offsets the market risk of the internal hedge.
Urrús nó taisce lena ngabhann díorthach creidmheasa leabaithe (e.g. babhtálacha mainneachtana creidmheasa nó roghanna mainneachtana creidmheasa)
Security or deposit with an embedded credit derivative (e.g. credit default swaps or credit default options)
Cineálacha díorthach creidmheasa iad roghanna mainneachtana creidmheasa, babhtálacha mainneachtana creidmheasa (CDS) agus babhtálacha an toraidh iomláin.
Types of credit derivatives are credit default options, credit default swaps (CDS) and total return swaps.
Féadfaidh institiúidí na cineálacha seo a leanas de dhíorthaigh chreidmheasa, agus ionstraimí a a bheadh comhdhéanta de dhíorthaigh chreidmheasa den sórt sin nó de chinn a bhfuil éifeacht eacnamaíoch chomhchosúil acu, a úsáid mar chosaint creidmheasa incháilithe:
Institutions may use the following types of credit derivatives, and instruments that may be composed of such credit derivatives or that are economically effectively similar, as eligible credit protection:
[Féach: Iasachtaí agus earraí infhaighte; Riosca creidmheasa [member]; Díorthaigh [member]; Uas-neamhchosaint ar riosca creidmheasa; Sócmhainní airgeadais]
[Refer: Loans and receivables; Credit risk [member]; Derivatives [member]; Maximum exposure to credit risk; Financial assets]
[Féach: Iasachtaí agus earraí infhaighte; Riosca creidmheasa [member]; Uas-neamhchosaint ar riosca creidmheasa; Díorthaigh [member]]
[Refer: Loans and receivables; Credit risk [member]; Maximum exposure to credit risk; Derivatives [member]]
Imeachtaí creidmheasa agus úsáid díorthach creidmheasa
Credit events and use of credit derivatives
Teagmhas creidmheasa: Ní bheidh feidhm aige ach amháin ar dhíorthaigh chreidmheasa.
Credit event: Applies only to credit derivatives.
Imeachtaí creidmheasa agus úsáid díorthach creidmheasa
Credit events and use of credit derivatives
PRIACAL CREIDMHEASA AN CHONTRAPHÁIRTÍ: RISÍOCHTAÍ AR DHÍORTHAIGH CHREIDMHEASA
COUNTERPARTY CREDIT RISK: CREDIT DERIVATIVES EXPOSURES
(-) Díorthaigh chreidmheasa a aithnítear mar fháluithe inmheánacha ar risíochtaí leabhair neamhthrádála ar phriacal creidmheasa
(-) Credit derivatives that are recognised as internal hedges against non-trading book credit risk exposures
C 34.09 PRIACAL CREIDMHEASA AN CHONTRAPHÁIRTÍ: RISÍOCHTAÍ DÍORTHACH CREIDMHEASA (CCR 9)
C 34.09 COUNTERPARTY CREDIT RISK: CREDIT DERIVATIVES EXPOSURES (CCR 9)
[Féach: Iasachtaí agus earraí infhaighte; Riosca creidmheasa [member]; Díorthaigh [member]; Uas-neamhchosaint ar riosca creidmheasa; Sócmhainní airgeadais]
[Refer: Loans and receivables; Credit risk [member]; Derivatives [member]; Maximum exposure to credit risk; Financial assets]
[Féach: Iasachtaí agus earraí infhaighte; Riosca creidmheasa [member]; Uas-neamhchosaint ar riosca creidmheasa; Díorthaigh [member]]
[Refer: Loans and receivables; Credit risk [member]; Maximum exposure to credit risk; Derivatives [member]]
nach ndéantar riosca creidmheasa na hionstraime airgeadais a bhainistiú níos mó trí úsáid a bhaint as díorthaigh chreidmheasa.
the credit risk of the financial instrument is no longer managed using credit derivatives.
Díorthaigh chreidmheasa
Credit derivatives
ráthaíochtaí a thugtar trí dhíorthach airgeadais, amhail babhtáil mainneachtana creidmheasa.
guarantees provided by means of a financial derivative, such as a credit default swap.
díorthaigh chreidmheasa;
credit derivatives;
Cruthaítear díorthaigh chreidmheasa chun trádáil a dhéanamh ar riosca mainneachtana iasachtaí agus urrús.
Credit derivatives are designed for trading in loan and security default risk.
Ós rud é gur díorthach creidmheasa arna thrádáil é innéacs CDS léiríonn sé forbairt na bpréimheanna CDS.
A CDS index as a traded credit derivative index reflects the development of CDS premiums.
Ba cheart cistí dílse breise a bheith ina seilbh ag institiúidí mar gheall ar an bpriacal maidir le coigeartú luachála creidmheasa a eascraíonn as díorthaigh thar an gcuntar.
Institutions should hold additional own funds due to credit valuation adjustment risk arising from OTC derivatives.
conarthaí a liostaitear in Iarscríbhinn II agus díorthaigh chreidmheasa;
contracts listed in Annex II and credit derivatives;
Beidh feidhm freisin ag na ceanglais maidir le ráthaíochtaí san Airteagal seo i leith díorthaigh chreidmheasa aonainm.
The requirements for guarantees in this Article shall apply also for single-name credit derivatives.
Cineálacha díorthach creidmheasa incháilitheach
Eligible types of credit derivatives
Ceanglais a bhaineann le ráthaíochtaí agus le díorthaigh chreidmheasa araon
Requirements common to guarantees and credit derivatives
Ceanglais bhreise maidir le díorthaigh chreidmheasa
Additional requirements for credit derivatives
i gcás ina ndéantar foráil do shocraíochtaí airgid le díorthaigh chreidmheasa:
where credit derivatives allow for cash settlement:
díorthaigh chreidmheasa neamhchistithe aonainm nó ráthaíochtaí aonainm;
single-name unfunded credit derivatives or single-name guarantees;
Díorthaigh chreidmheasa don chéad mhainneachtain
First-to-default credit derivatives
Díorthaigh chreidmheasa don n-ú mainneachtain
Nth-to-default credit derivatives
na conarthaí atá liostaithe in Iarscríbhinn II agus díorthaigh chreidmheasa;
the contracts listed in Annex II and credit derivatives;
Díorthaigh chreidmheasa
Credit Derivatives
ionstraimí aonainm, lena n-áirítear díorthaigh chreidmheasa aonainm, a bhfuil margadh dhá threo leachtach ann ina leith;
single-name instruments, including single-name credit derivatives, for which a liquid two-way market exists;
Ceanglais cistí dílse priacal shonraigh le haghaidh suímh atá fálaithe ag díorthaigh chreidmheasa
Specific risk own funds requirements for positions hedged by credit derivatives
Lamháltas le haghaidh fálú ag díorthaigh chreidmheasa
Allowance for hedges by credit derivatives
Ina theannta sin, ní chuirfidh gnéithe tábhachtacha den chonradh díorthach creidmheasa faoi deara go mbeidh gluaiseacht praghsanna an díorthaigh chreidmheasa ag diall go hábhartha ó ghluaiseachtaí praghsanna an tsuímh airgid.
In addition, key features of the credit derivative contract shall not cause the price movement of the credit derivative to materially deviate from the price movements of the cash position.
Mar sin féin, tá an sócmhainn fholuiteach ar áireamh sna hoibleagáidí (inseachadta) i ndoiciméadacht an díorthaigh chreidmheasa.
However, the underlying asset is included in the (deliverable) obligations in the credit derivative documentation.
Lamháltas le haghaidh fálú ag díorthaigh chreidmheasa don chéad mhainneachtain agus don n-ú mainneachtain
Allowance for hedges by first and nth-to default credit derivatives
I gcás na ndíorthach creidmheasa don chéad mhainneachtain agus na ndíorthach creidmheasa don n-ú mainneachtain, beidh feidhm ag an láimhseáil seo a leanas maidir leis an lamháltas a bheidh le tabhairt i gcomhréir le hAirteagal 346:
In the case of first-to-default credit derivatives and nth-to-default credit derivatives, the following treatment applies for the allowance to be given in accordance with Article 346:
Is ionann glan-risíocht ar chreidmheas i leith díorthach agus an risíocht ar chreidmheas in idirbhearta díorthach tar éis na sochair ó chomhaontuithe glanluachála is infheidhme le dlí agus socruithe comhthaobhachta a mheas;
Net derivatives credit exposure is the credit exposure on derivatives transactions after considering both the benefits from legally enforceable netting agreements and collateral arrangements;
na príomhchineálacha ráthóirí agus chontrapháirtithe díorthach creidmheasa agus a n-acmhainneacht;
the main types of guarantor and credit derivative counterparty and their creditworthiness;
díorthaigh chreidmheasa;
credit derivatives;
i gcás idirbheart díorthach creidmheasa don nú mainneachtain bunaithe ar eintitis tagartha k, D = n/k;
for a nth-to-default credit derivative transaction based on reference entities k, D = n/k;
na conarthaí díorthacha a liostaítear in Iarscríbhinn II agus díorthaigh chreidmheasa;
the derivative contracts listed in Annex II and credit derivatives;