The rule in plain words
Equity exposures under the IRB approach, exposure value arising from counterparty credit risk must be left empty.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Of which: Arising from Counterparty Credit Risk: Of which: Equity exposures under the IRB approach is empty
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Remove the value from this cell. A 0 is a value too, so leave the cell out of the file altogether.
- 03It runs only when your filing indicators mark C 07.00 as reported.
- 04This is a warning. It does not stop the filing on its own, but your authority may ask you to explain it.
The cells it reads
Row
- 0064of which: Equity exposures under the IRB approach
Column
- 0210Of which: Arising from Counterparty Credit Risk
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
empty({C_07.00.b,r0064,c0210,})Other rules on C 07.00.b
- IPRE exposures meeting any of the conditions, exposure value arising from counterparty credit risk must be left empty (v22953_m)Warning
- Look-through approach, exposure value arising from counterparty credit risk must be left empty (v23007_m)Warning
- Mandate-based approach, exposure value arising from counterparty credit risk must be left empty (v23008_m)Warning
- Fall-back approach, exposure value arising from counterparty credit risk must be left empty (v23009_m)Warning
- Total exposures cannot be less than IPRE exposures meeting any of the conditions (v23010_m)Warning
- Total exposures cannot be less than IPRE exposures where the derogation set out in Article 125(2) of Regulation (EU) No 575/2013, subparagraph 3 is applied (v23011_m)Warning
- Total exposures cannot be less than IPRE exposures where the derogation set out in Article 126(2) of Regulation (EU) No 575/2013, subparagraph 3 is applied (v23012_m)Warning
- Total exposures cannot be less than equity exposures under the IRB approach (v23013_m)Warning
Every COREP own funds rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.