#510185
costas oibríochta agus an fhiach-sheirbhís a asbhaint ar bhonn tosaíochta as ioncaim an tionscadail,
priority deduction from project revenues of operating costs and debt service,
costas oibríochta agus an fhiach-sheirbhís a asbhaint ar bhonn tosaíochta as ioncaim an tionscadail,
priority deduction from project revenues of operating costs and debt service,
d’fhéadfadh an méid sin athrú in imeacht ama ag brath ar phróifíl na fiach-sheirbhíse,
this amount may vary over time depending on the debt service profile.
costas oibríochta agus fiach-sheirbhís a asbhaint ar bhonn tosaíochta as ioncaim an tionscadail;
priority deduction from project revenues of operating costs and debt service;
(b) maolóidh sé an riosca fiach-sheirbhíse atá ag tionscadal agus riosca creidmheasa na sealbhóirí bannaí;
(b) mitigate the debt service risk of a project and the credit risk of bond holders;
Fo-fhachtóir: cúlchistí (fiach-sheirbhís, O&C, athnuachan agus athsholáthar, imeachtaí gan choinne, etc.)
Sub-factor: reserve funds (debt service, O&M, renewal and replacement, unforeseen events, etc.)
Tagraíonn an Cóimheas Cumhdaigh maidir le Fónamh d’Fhiachas (“DSCR”) don chóimheas idir an sreabhadh airgid atá ar fáil le haghaidh fiach-sheirbhíse ar féidir a ghiniúint ón tsócmhainn agus an aisíocaíocht a éilítear ar an bpríomhshuim agus na híocaíochtaí úis le linn ré na hiasachta, i gcás ina ndéantar an sreabhadh airgid atá ar fáil le haghaidh fiach-sheirbhíse a ríomh tríd an gcaiteachas riaracháin, caiteachas caipitiúil, fiachas agus maoiniú cothromais, cánacha agus coigeartuithe caipitil oibre a asbhaint ón ioncam a ghineann an tionscadal.
The Debt Service Coverage ratio (‘DSCR’) refers to the ratio of the cashflow available for debt service which can be generated from the asset to the required repayment of the principal and the interest payments during the life of the loan, where the cashflow available for debt service is calculated by subtracting operating expenditure, capital expenditure, debt and equity funding, taxes and working capital adjustments from the revenues generated by the project.
Tagraíonn an Cóimheas Cumhdaigh do Ré na hIasachta (“LLCR”) don chóimheas idir glanluach reatha an tsreafa airgid atá ar fáil le haghaidh fiach-sheirbhíse agus iarmhéid an fhiachais gan íoc, agus tagraíonn sé don mhéid uaireanta a d’fhéadfaí iarmhéid an fhiachais gan íoc a aisíoc leis an sreabhadh airgid atá ar fáil le haghaidh fiach-sheirbhíse ar féidir a ghiniúint ón tsócmhainn i gcaitheamh ré na hiasachta, i gcás ina ndéantar an sreabhadh airgid atá ar fáil le haghaidh fiach-sheirbhíse a ríomh tríd an gcaiteachas riaracháin, caiteachas caipitiúil, fiachas agus maoiniú cothromais, cánacha agus coigeartuithe caipitil oibre a asbhaint ón ioncam a ghineann an tionscadal.
The Loan Life Coverage Ratio (‘LLCR’) refers to the ratio of the net present value of the cashflow available for debt service to the outstanding debt balance, and refers to the number of times the cashflow available for debt service which can be generated from the asset can repay the outstanding debt balance over the scheduled life of the loan, where the cashflow available for debt service calculated by subtracting operating expenditure, capital expenditure, debt and equity funding, taxes and working capital adjustments from the revenues generated by the project.
Tagraíonn an Cóimheas maidir le Fónamh d’Fhiachas (“DSCR”) don chóimheas idir an sreabhadh airgid atá ar fáil le haghaidh fiach-sheirbhíse ar féidir a ghiniúint ón tsócmhainn agus an aisíocaíocht a éilítear ar an bpríomhshuim agus na híocaíochtaí úis le linn ré na hiasachta, i gcás ina ndéanfar an sreabhadh airgid atá ar fáil le haghaidh fiach-sheirbhíse a ríomh tríd an gcaiteachas riaracháin, caiteachas caipitiúil, fiachas agus maoiniú cothromais, cánacha agus coigeartuithe caipitil oibre a asbhaint ón ioncam a ghineann an tionscadal.
The Debt Service Coverage ratio (‘DSCR’) refers to the ratio of the cashflow available for debt service which can be generated from the asset to the required repayment of the principal and the interest payments during the life of the loan, where the cashflow available for debt service shall be calculated by subtracting operating expenditure, capital expenditure, debt and equity funding, taxes and working capital adjustments from the revenues generated by the project.
an cóimheas le haghaidh cumhdach maidir le fónamh a dhéanamh ar fhiacha;
debt service cover ratio;
D’fhéadfadh méadú teacht ar chostais seirbhísithe fiachais mar gheall ar rátaí úis ainmniúla níos airde.
Debt service costs may increase due to higher nominal interest rates.
Tá an fiachas neamhthuillmheach teaghlaigh fós íseal, ach tá costais seirbhísí fiachais ag méadú go tapa mar gheall ar rátaí úis.
Household non-performing debt remains low, but debt service costs are rising rapidly with interest rates.
Costas oibríochta agus fónamh d’fhiachas a asbhaint ar bhonn tosaíochta as ioncaim an tionscadail.
Priority deduction from project revenues of operating costs and debt service.
Saorshreabhadh airgid Alitalia lena n-áirítear íocaíochtaí fiach-sheirbhíse agus staid airgid (sna milliúin euro)
Alitalia’s free cashflow including debt service payments and cash position (in millions of euros)
An Cóimheas Cumhdaigh maidir le Fónamh d’Fhiachas – Cóimheas Cumhdaigh maidir le Fónamh d’Fhiachas = EBITDA/(Príomhshuim + Méid an Úis)
Debt Service Coverage Ratio (DSCR) – DSCR = EBITDA/(Principal Amount+Interest Amount)
Tagraíonn an Cóimheas Cumhdaigh ar Ús (“ICR”) don chóimheas idir an sreabhadh airgid atá ar fáil le haghaidh fiach-sheirbhíse ar féidir a ghiniúint ón tsócmhainn agus aisíoc na n-íocaíochtaí úis a éilítear le linn ré na hiasachta, i gcás ina ndéantar an sreabhadh airgid atá ar fáil le haghaidh fiach-sheirbhíse a ríomh tríd an gcaiteachas riaracháin, caiteachas caipitiúil, fiachas agus maoiniú cothromais, cánacha agus coigeartuithe caipitil oibre a asbhaint ón ioncam a ghineann an tionscadal.
The Interest Coverage Ratio (‘ICR’) refers to the ratio of the cashflow available for debt service which can be generated from the asset to the required repayment of the interest payments during the life of the loan, where the cashflow available for debt service is calculated by subtracting operating expenditure, capital expenditure, debt and equity funding, taxes and working capital adjustments from the revenues generated by the project.
Tagraíonn an Cóimheas Cumhdaigh ar Ús (“ICR”) don chóimheas idir an sreabhadh airgid atá ar fáil le haghaidh fiach-sheirbhíse ar féidir a ghiniúint ón tsócmhainn agus aisíoc na n-íocaíochtaí úis a éilítear le linn ré na hiasachta, i gcás ina ndéanfar an sreabhadh airgid atá ar fáil le haghaidh fiach-sheirbhíse a ríomh tríd an gcaiteachas riaracháin, caiteachas caipitiúil, fiachas agus maoiniú cothromais, cánacha agus coigeartuithe caipitil oibre a asbhaint ón ioncam a ghineann an tionscadal.
The Interest Coverage Ratio (‘ICR’) refers to the ratio of the cashflow available for debt service which can be generated from the asset to the required repayment of the interest payments during the life of the loan, where the cashflow available for debt service shall be calculated by subtracting operating expenditure, capital expenditure, debt and equity funding, taxes and working capital adjustments from the revenues generated by the project.
I gcás ina mbíonn téarmaí solúbtha aisíocaíochta á gcur i bhfeidhm faoi struchtúr maoinithe tionscadail, déantar méid coibhéiseach leis an bhfónamh d’fhiachas 6 mhí iarbhír a choinneáil sa chuntas faoi théarmaí solúbtha den sórt sin; d’fhéadfadh an méid sin athrú in imeacht ama ag brath ar phróifíl na fiach-sheirbhíse.
Where flexible repayment terms are being applied under a project finance structure, an amount equivalent to the actual six months debt service under such flexible terms are to be kept within the account; this amount may vary over time depending on the debt service profile.
I gcás ina mbíonn téarmaí solúbtha aisíocaíochta á gcur i bhfeidhm faoi struchtúr maoinithe tionscadail, déantar méid coibhéiseach leis an bhfónamh d’fhiachas 6 mhí iarbhír a choinneáil sa chuntas faoi na téarmaí solúbtha sin; d’fhéadfadh an méid sin athrú in imeacht ama ag brath ar phróifíl na fiach-sheirbhíse.
Where flexible repayment terms are being applied under a project finance structure, an amount equivalent to the actual six months debt service under such flexible terms are to be kept within the account; this amount may vary over time depending on the debt service profile.
Folaíonn sí rioscaí fiach-sheirbhíse de cheal éilimh agus an caillteanas ioncaim neamhthuartha a bheadh ann dá bharr sin i rith thréimhse oibriúcháin tosaigh an tionscadail.
It covers the debt service risks due to demand shortfalls and the resulting unforeseen loss of revenue during the initial operating period of the project.
sreabhadh airgid tionscadail a bheidh leordhóthanach i rith na tréimhse aisíocaíochta iomláine chun costais oibríochta agus an fhiach-sheirbhís do chistí seachtracha a chumhdach,
project cash flow sufficient during the entire repayment period to cover operating costs and debt service for outside funds,
tá na cistí a bheidh le coinneáil sa chuntas comhionann le sé mhí ar a laghad den fhiach-sheirbhís.
The funds which have to be kept within the account are equal to at least 6 months of debt service.
tá srian curtha ag an gceannaitheoir/iasachtaí ar rochtain chuig an gcuntas (i.e. ní bheidh rochtain ann go dtí go mbeidh íocaíocht na fiach-sheirbhíse déanta faoin gcreidmheas),
The buyer/borrower has restricted access to the account (i.e. only after payment of the debt service under the credit).
tá 12 mhí ar a laghad d’fhiach-sheirbhís mar réamh-mhaoiniú in eascró, a ndéanfar é a athshlánú tar éis gach idirbhirt a dhéanann asbhaint ón méid réamh-mhaoinithe.
there is at least 12 months of debt service pre-funding in escrow, which shall be replenished after each call on the pre-funded amount.
sreabhadh airgid tionscadail a bheidh leordhóthanach i rith na tréimhse aisíocaíochta iomláine chun costais oibríochta agus fiach-sheirbhís do chistí seachtracha a chumhdach;
project cash flow sufficient during the entire repayment period to cover operating costs and debt service for outside funds;
Tarlaíonn neamhniú fiachais nuair a mheaitseálann fiachóir ionstraimí fiachais le sócmhainní airgeadais a bhfuil an t-insreabhadh céanna nó níos airde acu.
Debt defeasance occurs when a debtor matches debt instruments with financial assets having the same or greater debt service inflows.
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(vi) the composition and the trend of the debt service obligations of the country and its capacity for any further borrowing upon non-concessions terms;
Fo-fhachtóir: cóimheasa airgeadais (e.g. cóimheas cumhdaigh maidir le fónamh d'fhiachas (DSCR), Cóimheas Cumhdaigh ar Ús (ICR), cóimheas cumhdaigh do ré na hiasachta (LLCR) agus cóimheas fiachais/cothromais)
Sub-factor: financial ratios (e.g. debt service coverage ratio (DSCR), Interest Coverage Ratio (ICR), loan life coverage ratio (LLCR)and debt-to-equity ratio)
Forbraíodh cuntas an mhaoláin airgid freisin trí eisíocaíochtaí faoin tríú clár cúnaimh airgeadais agus tá sé dírithe ar fhiach-sheirbhís.
The cash buffer account was built also through disbursements under the third financial assistance programme and is dedicated to debt service.
Forbraíodh cuntas an mhaoláin airgid freisin trí eisíocaíochtaí faoin tríú clár cúnaimh airgeadais agus tá sé dírithe ar fhiach-sheirbhís.
The cash buffer account was built also through disbursements under the third financial assistance programme and is dedicated to debt service.
Tá méadú tagtha ar chostais fiach-sheirbhíse ó bhí 2021 ann agus dálaí airgeadais níos doichte ann tar éis na mblianta de dhálaí an-tacúil.
Debt service costs have started to rise since 2021 amid a tightening of financial conditions after years of very supportive conditions.
Lasmuigh den limistéar euro, baineann rioscaí eile le dímheasanna airgeadra, mar shampla i dtéarmaí iasachtaíocht sheachtrach agus costais seirbhísithe fiachais.
Outside the euro area, currency depreciations entail other risks, for instance in terms of external borrowing and debt service costs.
Bíonn costais seirbhíse fiachais níos airde ar Bhallstáit nach bhfuil sa limistéar euro mar gheall ar raonta difríochta toraidh bannaí ceannasacha atá ag leathnú agus neamhchosaint ar fhiachas atá ainmnithe in airgeadraí eachtracha.
Non-euro area Member States face higher debt service costs due to widening sovereign bond yield spreads and exposure to debt denominated in foreign currencies.
Cé go bhféadfadh díluachálacha airgeadra brúnna costais a mhaolú, ba cheart a thabhairt faoi deara go bhféadfadh rioscaí eile a bheith i gceist leo amhail costais seirbhísithe fiachais níos airde ar fhiachas a ainmniítear in airgeadra eachtrach, idir rioscaí intíre agus rioscaí seachtracha.
It should be noted that while currency devaluations may mitigate cost pressures, they may entail other risks such as higher debt service costs of foreign-currency denominated debt, both domestic and external.
Sreabhadh airgid tionscadail a bheidh leordhóthanach i rith na tréimhse aisíocaíochta iomláine chun costais oibríochta agus an fónamh d’fhiachas le haghaidh cistí seachtracha a chumhdach.
Project cash flow sufficient during the entire repayment period to cover operating costs and debt service for outside funds.
sócmhainní i seilbh eischósta, go háirithe sócmhainní leachtacha, go minic de thoradh rialacha lena gceadaítear d’onnmhaireoirí iarmhéideanna airgid a cheapadh agus a choinneáil ar bun ar bhonn eischósta agus a bheidh ar fáil le haghaidh fiach-sheirbhíse.
assets held offshore, especially liquid assets, often as a result of rules allowing exporters to trap and maintain cash balances offshore that are available for debt service.
Tá na cistí a bheidh le coinneáil sa chuntas comhionann le 6 mhí ar a laghad den fhónamh d’fhiachas.
The funds which have to be kept within the account are equal to at least six months of debt service.
Tá srian curtha ag an oibleagáideoir ar rochtain chuig an gcuntas (i.e. ní bheidh rochtain ann go dtí go mbeidh íocaíocht an fhónaimh d’fhiachas déanta faoin gcreidmheas).
The obligor has restricted access to the account (i.e. only after payment of the debt service under the credit).
In 2022 bhí an cóimheas fiachas-go-hioncam ar an méid is ísle le fiche bliain, rud a chuir béim bhreise ar athléimneacht na hearnála teaghlaigh ().
The debt-service-to-income ratio hit a twenty-year low in 2022, further highlighting the resilience of the household sector ().
Mar sin féin, d’fhéadfadh rátaí úis níos airde brú a chur ar sheirbhís fiachais, de réir mar a bheidh iasachtaí ar ráta úis athraitheach i réim.
Still, higher interest rates could put pressure on debt service though, as variable interest rate loans prevail.
sócmhainní i seilbh eischósta, go háirithe sócmhainní leachtacha, go minic de thoradh rialacha lena gceadaítear d’onnmhaireoirí iarmhéideanna airgid a cheapadh agus a choinneáil ar bun ar bhonn eischósta agus a bheidh ar fáil le haghaidh fiach-sheirbhíse.
assets held offshore, especially liquid assets, often as a result of rules allowing exporters to trap and maintain cash balances offshore that are available for debt service.
Tá na cistí a bheidh le coinneáil sa chuntas comhionann le 6 mhí ar a laghad den fhónamh d’fhiachas.
The funds which have to be kept within the account are equal to at least six months of debt service.
Tá srian curtha ag an oibleagáideoir ar rochtain chuig an gcuntas (i.e. ní bheidh rochtain ann go dtí go mbeidh íocaíocht an fhónaimh d’fhiachas déanta faoin gcreidmheas).
The obligor has restricted access to the account (i.e. only after payment of the debt service under the credit).
3. A luaithe a bheidh an BEI ina chreidiúnaí do thionscadal, rangófar cearta an BEI faoin ionstraim ráthaíochta iasachta i rang laistiar den fhónamh d'fhiachas na saoráide creidmheasa sinsearaí agus níos sinsearaí ná gnáthscaireanna agus oibríochtaí maoinithe gaolmhara.
3. Once the EIB has become creditor to a project, the EIB's rights under the loan guarantee instrument shall rank behind the debt service of the senior credit facility and ahead of equity and related financings.
Is éard a bheidh de mhíniú ar sholáthar tacaíochta den sórt sin, gur ann d’éagothromaíocht idir tráthú na gcistí atá ar fáil don fhéichiúnaí agus an phróifíl seirbhíse féich a bheidh ar fáil faoi sceideal aisíocaíochta comhionann, leathbhliantúil, agus comhlíonfar na critéir seo a leanas:
The provision of such support shall be explained by an imbalance in the timing of the funds available to the obligor and the debt service profile available under an equal, semi-annual repayment schedule, and shall comply with the following criteria:
Sa chás ina mbíonn téarmaí solúbtha aisíocaíochta á gcur i bhfeidhm faoi struchtúr maoinithe tionscadail, déantar méid is comhionann leis an bhfiach-sheirbhís sé mhí iarbhír a choinneáil sa chuntas faoi na téarmaí solúbtha sin;
Where flexible repayment terms are being applied under a project finance structure, an amount equivalent to the actual 6 months debt service under such flexible terms are to be kept within the account;
is é 2,5:1 ar an meán an Coibhneas Cumhdaigh do Ré na hIasachta (LLCR) atá tuartha, sin nó is é 2,0:1 ar a laghad an LLCR atá tuartha agus níl an Coibhneas Cumhdaigh don Fhiach-Sheirbhís Bhliantúil (ADSCR) níos lú ná 1,0 ag tráth ar bith tar éis thúsphointe an chreidmheasa [1],
either the projected Loan Life Coverage Ratio (LLCR) averages at least 2,5:1 or the projected LLCR averages at least 2,0:1 and the projected Annual Debt Service Coverage Ratio (ADSCR) is not less than 1,0 at all times after the starting point of credit [1],
is é 1,75:1 ar a laghad an meán don LLCR, sin nó tá naoi mí ar a laghad d’fhiach-sheirbhís mar réamh-mhaoiniú in eascró, a ndéanfar é a athshlánú tar éis gach idirbhirt a dhéanann asbhaint ón méid réamh-mhaoinithe.
either the LLCR averages at least 1,75:1, or there is at least 9 months of debt service pre-funding in escrow, which shall be replenished after each call on the pre-funded amount.
I gcás iasachtaí, is éard é an leibhéal lamháltais ná an difríocht idir luach ainmniúil na hiasachta agus luach láithreach lascainithe na n-íocaíochtaí fiach-sheirbhíse amach anseo a bheidh le déanamh ag an iasachtaí.
In the case of loans, the concessionality level is the difference between the nominal value of the loan and the discounted present value of the future debt service payments to be made by the borrower.
Leis an ionstraim sin, féachtar an riosca fiach-sheirbhíse ag tionscadal agus an riosca creidmheasa atá ag sealbhóirí bannaí a mhaolú sa mhéid is go mbeidh rannpháirtithe an mhargaidh chaipitil, amhail cistí pinsin, cuideachtaí árachais agus páirtithe leasmhara eile, toilteanach infheistiú i méid níos mó bannaí tionscadal bonneagair seachas mar a dhéanfaidís gan tacaíocht an Aontais.
That instrument seeks to mitigate the debt-service risk of a project and the credit risk of bondholders to such an extent that capital market participants, such as pension funds, insurance companies and other interested parties, are willing to invest in a larger volume of infrastructure project bonds than would be possible without Union support.
2. Más rud é go mbeidh BEI ina chreidiúnaí do thionscadal, nó go dtiocfaidh sé chun bheith ina chreidiúnaí amhlaidh, rangófar cearta BEI faoin ionstraim um chomhroinnt riosca i gcomhair bannaí tionscadail i rang faoin bhfiachas sinsearach agus os cionn cothromais agus aon oibríochtaí maoinithe a bhaineann le cothromas.
2. Should the EIB be or become a creditor to a project, the EIB’s rights under the risk-sharing instrument for project bonds shall rank behind the debt service of the senior debt and ahead of equity and any financing related to equity.