#2809771
Díorthaigh chothromais — aicmí nach bhfuil margadh leachtach acu
Equity derivatives — classes not having a liquid market
Scag na torthaí
Bailiúcháin
Foirmeacha na bhfocal
582 toradh in 106 doiciméad
#2809844
meastar nach bhfuil margadh leachtach ag aon díorthach cothromais eile”;
any other equity derivative is considered not to have a liquid market’
#2809847
Díorthaigh tráchtearraí – aicmí nach bhfuil margadh leachtach acu
Commodity derivatives – classes not having a liquid market
#2809918
meastar nach bhfuil margadh leachtach ag aon díorthach tráchtearraí eile”;
any other commodity derivative is considered not to have a liquid market’
#2809921
Díorthaigh malairte eachtraí – aicmí nach bhfuil margadh leachtach acu
Foreign exchange derivatives – classes not having a liquid market
#2809968
meastar nach bhfuil margadh leachtach ag aon díorthach FX eile”;
any other FX derivative is considered not to have a liquid market’
#2809971
Díorthaigh chreidmheasa — aicmí nach bhfuil margadh leachtach acu
Credit derivatives — classes not having a liquid market
#2810018
meastar nach bhfuil margadh leachtach ag aon díorthach creidmheasa eile
any other credit derivatives is considered not to have a liquid market
#2810045
Díorthaigh C10 – aicmí nach bhfuil margadh leachtach acu
C10 derivatives – classes not having a liquid market
#2810064
meastar nach bhfuil margadh leachtach ag aon díorthach C10 eile”
any other C10 derivatives is considered not to have a liquid market’
#2810122
Díorthaigh lamháltas astaíochtaí — aicmí nach bhfuil margadh leachtach acu
Emission allowance derivatives — classes not having a liquid market
#2810139
meastar nach bhfuil margadh leachtach ag aon díorthach lamháltas astaíochtaí eile”
any other emission allowance derivative is considered not to have a liquid market’
#3235935
díorthaigh, nó aicmí díobh, a bhfuil margadh leachtach ann ina leith;
for which derivatives, or classes thereof, a liquid market exists;
#518650
Ina Theachtaireacht an 3 Iúil 2009 dar teideal "Ensuring efficient, safe and sound derivatives markets", (Margaí na ndíorthach éifeachtacha, sábháilte agus fónta a áirithiú), rinne an Coimisiún measúnú ar ról na ndíorthach sa ghéarchéim airgeadais, agus ina Theachtaireacht an 20 Deireadh Fómhair 2009 dar teideal "Ensuring efficient, safe and sound derivative markets: Future policy actions", (Margaí na díorthach éifeachtacha, sábháilte agus fónta a áirithiú: Gníomhaíochtaí beartais sa todhchaí), thug an Coimisiún cuntas ar na gníomhaíochtaí a bhfuil sé i gceist aige a dhéanamh leis na rioscaí a bhaineann le díorthaigh a laghdú.
In its Communication of 3 July 2009 entitled "Ensuring efficient, safe and sound derivatives markets", the Commission assessed the role of derivatives in the financial crisis, and in its Communication of 20 October 2009 entitled "Ensuring efficient, safe and sound derivative markets: Future policy actions", the Commission outlined the actions it intends to take to reduce the risks associated with derivatives.
#583443
ciallaíonn "gnólacht áitiúil" gnólacht a dhéileálann, dá chuntas féin, todhchaíochtaí nó roghanna airgeadais nó díorthaigh eile ar na margaí airgid tirim agus gan d'aidhm acu ach fálú a dhéanamh ar shuímh sna margaí díorthach, nó gnólacht a dhéileálann ar son cuntas ball eile de na margaí sin agus ráthú aige ó bhaill imréitigh de na margaí céanna, i gcás ina nglacann baill imréitigh na margaí céanna freagracht as feidhmíocht na gconarthaí a dhéanann an gnólacht sin;
"local firm" means a firm dealing for its own account on markets in financial futures or options or other derivatives and on cash markets for the sole purpose of hedging positions on derivatives markets, or dealing for the accounts of other members of those markets and being guaranteed by clearing members of the same markets, where responsibility for ensuring the performance of contracts entered into by such a firm is assumed by clearing members of the same markets;
#677583
maidir le díorthaigh ar thráchtearraí, faisnéis de chineál beacht, nach bhfuil poiblithe, a bhaineann, go díreach nó go hindíreach, le díorthach amháin den sórt sin nó níos mó nó a bhaineann go díreach leis an gconradh spot-tráchtearraí gaolmhar, agus, dá bpoibleofaí í, ar dhócha go mbeadh tionchar suntasach aici ar phraghsanna na ndíorthach sin nó na gconarthaí spot-tráchtearraí gaolmhara agus sa chás gur faisnéis í seo a bhféadfaí dá cionn a bheith ag súil leis le réasún go nochtfaí í nó a cheanglaítear a nochtadh i gcomhréir le forálacha dlí nó rialála ar leibhéal an Aontais nó ar an leibhéal náisiúnta, rialacha margaidh, conarthaí, cleachtais nó custaim ar mhargaí ábhartha na ndíorthach tráchtearraí nó spotmhargaí ábhartha.
in relation to commodity derivatives, information of a precise nature, which ha s not been made public, relating, directly or indirectly to one or more such derivatives or relating directly to the related spot commodity contract, and which, if it were made public, would be likely to have a significant effect on the prices of such derivatives or related spot commodity contracts, and where this is information which is reasonably expected to be disclosed or is required to be disclosed in accordance with legal or regulatory provisions at the Union or national level, market rules, contract, practice or custom, on the relevant commodity derivatives markets or spot markets;
#1657011
Le Rialachán (AE) Uimh. 648/2012, sainmhínítear díorthaigh thar an gcuntar mar dhíorthaigh nach ndéantar a bhforghníomhú ar mhargadh rialáilte nó ar mhargadh tríú tír a mheastar a bheith coibhéiseach le margadh rialáilte i gcomhréir le hAirteagal 19(6) de Threoir 2004/39/CE.
Regulation (EU) No 648/2012 defines OTC derivatives as derivatives whose execution does not take place on a regulated market or on a third-country market considered as equivalent to a regulated market in accordance with Article 19(6) of Directive 2004/39/EC.
#1770653
Ina Theachtaireacht an 3 Iúil 2009 dar teideal “Ensuring efficient, safe and sound derivatives markets”, (Margaí na ndíorthach éifeachtacha, sábháilte agus fónta a áirithiú), rinne an Coimisiún measúnú ar ról na ndíorthach sa ghéarchéim airgeadais, agus ina Theachtaireacht an 20 Deireadh Fómhair 2009 dar teideal “Ensuring efficient, safe and sound derivative markets: Future policy actions”, (Margaí na díorthach éifeachtacha, sábháilte agus fónta a áirithiú: Gníomhaíochtaí beartais sa todhchaí), thug an Coimisiún cuntas ar na gníomhaíochtaí a bhfuil sé i gceist aige a dhéanamh leis na rioscaí a bhaineann le díorthaigh a laghdú.
In its Communication of 3 July 2009 entitled ‘Ensuring efficient, safe and sound derivatives markets’, the Commission assessed the role of derivatives in the financial crisis, and in its Communication of 20 October 2009 entitled ‘Ensuring efficient, safe and sound derivative markets: Future policy actions’, the Commission outlined the actions it intends to take to reduce the risks associated with derivatives.
#2524920
Ar an gcaoi chéanna, ba cheart faisnéis a bhaineann le praghsáil díorthach a thuairisciú go comhsheasmhach agus mar sin a cheadú d’údaráis inniúla na neamhchosaintí tuairiscithe a fhíorú, meastóireacht a dhéanamh ar chostais agus leachtacht sna margaí díorthach, chomh maith le comparáid a dhéanamh ar phraghsanna táirgí comhchosúla arna dtrádáil i margaí difriúla.
Similarly, information relating to the pricing of the derivatives should be reported consistently and thus allow competent authorities to verify the reported exposures, evaluate costs and liquidity in the derivatives markets as well as compare the prices of similar products traded in different markets.
#2605995
Leis an uirlis bainistithe luaineachta ionlae, a tugadh isteach le Rialachán (AE) 2022/2576 rannchuidítear le luaineacht fhoircneach praghsanna i margaí na ndíorthach fuinnimh a theorannú laistigh de 1 lá amháin.
The temporary intra-day tool to manage excess volatility in energy derivatives markets, introduced by Regulation (EU) 2022/2576, contributes to limiting extreme volatility of prices in energy derivatives markets within a day.
#2741820
Ar deireadh, níl coinne le haon tionchar suntasach ar chobhsaíocht na margaí airgeadais mar gheall ar leathnú an MCM, toisc gur díorthaigh TTF iad níos mó ná 90 % de na díorthaigh gáis nádúrtha a thrádáiltear ar mhargaí rialáilte san Aontas.
Finally, no significant impact on the stability of financial markets is expected from the MCM extension, because more than 90 % of natural gas derivatives traded on regulated markets in the Union are TTF derivatives.
#3133410
Chun tuilleadh feabhais a chur ar shláine agus trédhearcacht an mhargaidh carbóin Eorpaigh agus chun feabhas a chur ar thuairisciú rialála agus faireachán margaidh sa mhargadh le haghaidh lamháltas astaíochtaí agus díorthaigh díobh, chun cosc agus brath drochúsáide margaidh a chur chun cinn agus chun cuidiú le margaí ordúla le haghaidh lamháltas astaíochtaí agus díorthaigh ghaolmhara a choinneáil ar bun, is gá oibleagáid a bhunú don ardán ceantála chun mionsonraí iomlána agus cruinne gach idirbhirt ceantála a thuairisciú dá údarás náisiúnta inniúil arna ainmniú faoi Threoir 2014/65/AE agus don Údarás Eorpach um Urrúis agus Margaí (ESMA) chomh maith.
In order to further enhance the integrity and transparency of the European carbon market and to improve regulatory reporting and market monitoring in the market of emission allowances and derivatives thereof, to promote the prevention and detection of market abuse and help in maintaining orderly markets for emission allowances and related derivatives, it is necessary to establish an obligation for the auction platform to report the complete and accurate details of every auctioning transaction to their competent national authority designated under Directive 2014/65/EU and also to the European Securities and Markets Authority (ESMA).
#3186771
Mar sin féin, mar gheall ar na cúinsí foircneacha ina raibh margaí do dhíorthaigh fuinnimh agus do dhíorthaigh tráchtearraí le linn ghéarchéim fuinnimh 2022, rinneadh grinnscrúdú breise ar na sásraí sin agus léiríodh go bhfuil easpa trédhearcachta ann maidir le gníomhachtú na sásraí sin ag na hionaid trádála ábhartha san Aontas, mar a tugadh chun suntais i bhfreagra ESMA an 22 Meán Fómhair 2022 ar iarraidh an Choimisiúin ar chomhairle chun aghaidh a thabhairt ar an luaineacht iomarcach i margaí do dhíorthaigh fuinnimh.
However, the extreme circumstances to which markets for energy derivatives and for commodity derivatives have been subject throughout the energy crisis of 2022 have led to further scrutiny of those mechanisms and have shown that there is a lack of transparency with regard to the activation of those mechanisms by the relevant trading venues in the Union, as highlighted in ESMA’s answer of 22 September 2022 to the Commission’s call for advice to address the excessive volatility in markets for energy derivatives.
#3186776
Tar éis ghéarchéim fuinnimh 2022 agus na nglaonna níos airde agus níos minice ar éarlais agus na luaineachta foircní a tháinig aisti, tá údar le hathbhreithniú cuimsitheach a dhéanamh ar a iomchuí atá creat foriomlán na margaí do dhíorthaigh tráchtearraí, na margaí do lamháltais astaíochtaí agus na margaí do dhíorthaigh lamháltas astaíochtaí.
Following the energy crisis of 2022 and the resulting higher and more frequent margin calls and extreme volatility, a comprehensive assessment of the appropriateness of the overall framework for markets for commodity derivatives, for markets for emission allowances and for markets for derivatives of emission allowances is warranted.
#3186777
Ba cheart béim straitéiseach a bheith ag measúnú den sórt sin agus ba cheart leachtacht agus feidhmiú cuí na margaí do dhíorthaigh tráchtearraí, do lamháltais astaíochtaí agus do dhíorthaigh lamháltas astaíochtaí san Aontas a chur san áireamh ann chun a áirithiú go bhfuil an creat lena rialaítear na margaí sin oiriúnach don fheidhm chun an t-aistriú fuinnimh a éascú agus chun an tslándáil bia agus cumas na margaí dul i ngleic le suaití seachtracha a áirithiú.
Such an assessment should have a strategic focus and consider the liquidity and proper functioning of markets for commodity derivatives, for emission allowances and for derivatives of emission allowances in the Union to ensure that the framework governing those markets is fit for purpose in order to facilitate the energy transition and to ensure food security and the ability of the markets to withstand external shocks.
#3186778
Agus a anailís á déanamh aige, ba cheart don Choimisiún a chur san áireamh freisin go bhfuil ról tábhachtach ag margaí do dhíorthaigh tráchtearraí chun a áirithiú gur féidir le rannpháirtithe sa mhargadh bainistiú cuí a dhéanamh ar na rioscaí a eascraíonn as a ngníomhaíochtaí gnó, agus go bhfuil sé an-tábhachtach na paraiméadair chearta a shocrú chun a áirithiú go bhfuil margaí iomaíocha leachtacha do dhíorthaigh tráchtearraí ag an Aontas lena n-áirithítear neamhspleáchas straitéiseach oscailte an Aontais agus lena n-áirithítear go ndéanfar an Comhaontú Glas don Eoraip a sholáthar.
In carrying out its analysis, the Commission should also take into account the fact that markets for commodity derivatives play an important role in ensuring that market participants can properly manage the risks arising from their business activities, and that it is very important to set the right parameters in order to ensure that the Union has competitive liquid markets for commodity derivatives that ensure the open strategic autonomy of the Union and the delivery of the European Green Deal.
#508188
Cuimsíonn margaí mórdhíola fuinnimh margaí tráchtearraí agus margaí díorthach araon, ar margaí iad atá ríthábhachtach do na margaí fuinnimh agus airgeadais, agus tá foirmiú praghsanna sa dá earnáil idirnasctha.
Wholesale energy markets encompass both commodity markets and derivative markets, which are of vital importance to the energy and financial markets, and price formation in both sectors is interlinked.
#508374
feidhmiú sonrach na margaí mórdhíola fuinnimh, lena n-áirítear sainiúlachtaí na margaí leictreachais agus gáis, agus an idirghníomhaíocht idir margaí tráchtearraí agus margaí díorthach;
the specific functioning of wholesale energy markets, including the specificities of electricity and gas markets, and the interaction between commodity markets and derivative markets;
#508375
an t-ionchas atá ann maidir le cúbláil thar theorainneacha, idir margaí leictreachais agus gáis, agus thar mhargaí tráchtearraí agus mhargaí díorthach;
the potential for manipulation across borders, between electricity and gas markets and across commodity markets and derivative markets;
#676409
Tá spotmhargaí agus margaí gaolmhara na ndíorthach idirnasctha go mór agus is margaí domhanda iad freisin, agus d’fhéadfadh drochúsáid mhargaidh tarlú thar mhargaí chomh maith le thar theorainneacha is féidir a bheith ina chúis le rioscaí suntasacha córasacha.
Spot markets and related derivative markets are highly interconnected and global, and market abuse may take place across markets as well as across borders which can lead to significant systemic risks.
#1656960
Ba cheart gurbh é a bheadh mar chomhartha do ghníomhaíocht mhargaidh den sórt sin ná líon ard de thairiscintí ceannaigh agus díola a bheith fós sa díorthach ábhartha as a leanann raon difríochta caol d’idirbheart ar ghnáthmhéid margaidh.
Such market activity should be indicated by a high number of resting bids and offers in the relevant derivative leading to a narrow spread for a transaction of normal market size.
#2486817
Maidir le líon, comhdhéanamh agus ról rannpháirtithe sa mhargadh i ndíorthach tráchtearraí, is féidir tionchar a bheith ag na nithe sin ar chineál agus ar mhéid na suíomhanna a shealbhaíonn rannpháirtithe áirithe sa mhargadh.
The number, composition and role of market participants in a commodity derivative can influence the nature and the size of positions that certain market participants hold in the market.
#2537427
Glan-mhargadhluach diúltach shuíomhanna díorthach an chomhthiomsaithe cumhdaigh ag a bhfuil glan-mhargadhluach diúltach faoi mar a bhaineann le heisitheoir na mbannaí faoi chumhdach
Net negative market value of cover pool derivative positions which from the perspective of the covered bond issuer have a net negative market value
#2537447
Glan-mhargadhluach deimhneach shuíomhanna díorthach an chomhthiomsaithe cumhdaigh ag a bhfuil, faoi mar a bhaineann le heisitheoir na mbannaí faoi chumhdach, glan-mhargadhluach deimhneach
The net positive market value of cover pool derivative positions which, from the perspective of the covered bond issuer, have a net positive market value
#2606107
Is údarás neamhspleách é ESMA a chuidíonn le cobhsaíocht chóras airgeadais an Aontais a chosaint, go háirithe trí mhargaí airgeadais cobhsaí agus ordúil a chur chun cinn, amhail margaí na ndíorthach.
ESMA is an independent authority that contributes to safeguarding the stability of the Union’s financial system, notably by promoting stable and orderly financial markets, such as the derivative markets.
#508195
Déantar trádáil díorthach, a fhéadtar a shocrú go fisiceach nó ar bhonn airgeadais, agus trádáil tráchtearraí a úsáid in éineacht lena chéile ar mhargaí mórdhíola fuinnimh.
Derivative trading, which may be either physically or financially settled, and commodity trading are used together on wholesale energy markets.
#508196
Tá sé tábhachtach, dá bhrí sin, go mbeidh na sainmhínithe ar thrádáil chos istigh agus ar chúbláil mhargaidh, arb ionann agus droch-úsáid mhargaidh iad, comhoiriúnach i dtaca le margaí díorthach agus margaí tráchtearraí.
It is therefore important that the definitions of insider trading and market manipulation, which constitute market abuse, be compatible between derivatives and commodity markets.
#573894
díorthaigh airgeadais (AF.7) nuair atá margadhluach ag na socruithe féin toisc go bhfuil siad intrádála nó gur féidir iad a fhritháireamh ar an margadh.
financial derivatives (AF.7) where the arrangements themselves have a market value because they are tradable or can be offset on the market.
#574525
is éard is díorthaigh airgeadais ann, ionstraimí airgeadais atá nasctha le hionstraim airgeadais shonraithe, le táscaire sonraithe, nó le tráchtearra sonraithe, trínar féidir rioscaí sonraithe airgeadais a mhargú ina gceart féin ar mhargaí airgeadais.
financial derivatives are financial instruments linked to a specified financial instrument or indicator or commodity, through which specific financial risks can be traded in financial markets in their own right.
#574530
Úsáidtear díorthaigh airgeadais chun roinnt cuspóirí a bhaint amach, lena n-áirítear bainistíocht riosca, fálú, arbatráiste idir mhargaí, amhantraíocht agus cúiteamh d’fhostaithe.
Financial derivatives are used for a number of purposes including risk management, hedging, arbitrage between markets, speculation and compensation of employees.
#579551
Comhlíonann na ráthaíochtaí a thrádáiltear go gníomhach ar mhargaí airgeadais, amhail babhtálacha mainneachtana creidmheasa, an sainmhíniú ar dhíorthaigh airgeadais.
Guarantees that meet the definition of financial derivatives are those that are actively traded on financial markets, such as credit default swaps.
#584617
déanfar luacháil ar ionstraimí fiachais ag a gcuid praghsanna ar an margadh nó ag a gcuid luachanna ainmniúla, ar chothromas ag a phraghsanna ar an margadh agus ar dhíorthaigh de réir luachanna ainmniúla nó margaidh na n-ionstraimía fholuíonn siad;.
debt instruments shall be valued at their market prices or their nominal values, equities at their market prices and derivatives according to the nominal or market values of the instruments underlying them;
#677070
maidir le díorthaigh tráchtearraí, faisnéis a iarraidh ó rannpháirtithe margaidh ar mhargaí spot-tráchtearraí gaolmhara de réir formáidí caighdeánaithe, tuarascálacha a fháil ar idirbhearta, agus rochtain dhíreach a bheith acu ar chórais trádálaithe;
in relation to commodity derivatives, to request information from market participants on related spot markets according to standardised formats, obtain reports on transactions, and have direct access to traders’ systems;
#1657002
Toisc go sainmhínítear díorthaigh thar an gcuntar mar chonarthaí díorthacha nach ndéantar a bhforghníomhú ar mhargadh rialáilte, tá gá le ceanglais dá samhail a thabhairt isteach le haghaidh margaí rialáilte faoin Rialachán seo.
As OTC derivatives are defined as derivative contracts whose execution does not take place on a regulated market, there is a need to introduce similar requirements for regulated markets under this Regulation.
#1657014
Níor cheart, áfach, go bhfágfadh an méid sin go gcaithfí leas a bhaint as socruithe idir-inoibritheachta chun idirbhearta i ndíorthaigh a imréiteach nó chun ilroinnt leachtachta a chruthú ar bhealach a bheadh ina bhagairt ar fheidhmiú réidh agus ordúil margaí.
However, this should not necessitate the use of interoperability arrangements for clearing transactions in derivatives or create liquidity fragmentation in a way that would threaten the smooth and orderly functioning of markets.
#1657534
Áiritheoidh oibreoir margaidh rialáilte go n-imréiteoidh CCP gach idirbheart maidir le díorthaigh a thugtar i gcrích ar an margadh rialáilte sin.
The operator of a regulated market shall ensure that all transactions in derivatives that are concluded on that regulated market are cleared by a CCP.
#1657924
Cuirfear i gcuntas sa tuarascáil sin na rioscaí, más ann dóibh, a éiríonn ó fhorálacha rochtana oscailte maidir le díorthaigh arna dtrádáil ar mhalartán don chobhsaíocht d’fheidhmiú ordúil na margaí airgeadais ar fud an Aontais.
That report shall take into account risks, if any, resulting from open access provisions regarding exchange-traded derivatives to the overall stability and orderly functioning of the financial markets throughout the Union.
#1770676
Sa rún ó Pharlaimint na hEorpa an 15 Meitheamh 2010 dar teideal “Derivatives markets: future policy actions” (Margaí na ndíorthach: gníomhaíochtaí beartais sa todhchaí), iarradh imréiteach agus tuairisciú éigeantach le haghaidh conarthaí díorthacha thar an gcuntar.
The European Parliament resolution of 15 June 2010 on ‘Derivatives markets: future policy actions’ called for mandatory clearing and reporting of OTC derivative contracts.
#1902641
i gcás conarthaí díorthacha a dhéantar ar mhargaí rialáilte, tréimhse leachtaithe 2 lá a ríomhtar ar bhonn glanluachála;
in the case of derivative contracts executed on regulated markets, a liquidation period of 2 days calculated on a net basis;
#1939388
In 2019, bhí meánphraghas díola na ndíorthach anailín agus a shalann chuig an Aontas 3,2 oiread níos airde ná mar a bhí amhlaidh i margaí onnmhairiúcháin eile.
In 2019 the average selling price of aniline derivatives and its salts to the Union was 3,2 times higher than in other export markets.