The rule in plain words
(-) own AT1 instruments must equal these three added up:
- (-) direct holdings of AT1 instruments
- (-) indirect holdings of AT1 instruments
- (-) synthetic holdings of AT1 instruments
All the values are in the amount column (0010) of C 01.00.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
(-) Own AT1 instruments = (-) Direct holdings of AT1 instruments + (-) Indirect holdings of AT1 instruments + (-) Synthetic holdings of AT1 instruments
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Add up the parts in your file and compare the result with the total.
- 03If they differ, a part is missing, a value sits in the wrong row, or the total is out of date.
- 04EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 05It runs only when your filing indicators mark C 01.00 as reported.
- 06This 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
Capital adequacy - own funds definition (C 01.00)
Rows
- 0580(-) Own AT1 instruments
- 0590(-) Direct holdings of AT1 instruments
- 0620(-) Indirect holdings of AT1 instruments
- 0621(-) Synthetic holdings of AT1 instruments
Column
- 0010Amount
A worked example
The first of its checks, with simple numbers.
(-) own AT1 instruments must then be 2,450.
A file that reports 2,450 passes. One that reports 2,550 fails, by 100.
The numbers are illustrative, reported to the unit, so the rounding tolerance does not change the result.
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{C_01.00,r0580,c0010,} = {C_01.00,r0590,c0010,} + {C_01.00,r0620,c0010,} + {C_01.00,r0621,c0010,}Other rules on C 01.00
- Capital instruments and share premium eligible as AT1 capital must equal the sum of its four parts (v0183_m)Warning
- Excess of deduction from T2 items over T2 capital must equal minus excess of deduction from T2 items over T2 capital (deducted in AT1) (v0185_m)Blocking
- Additional tier 1 capital must equal the sum of its twelve parts (v0182_m)Warning
- Tier 2 capital must equal the sum of its 14 parts (v0186_m)Warning
- Excess of deduction from AT1 items over AT1 capital (see 1.2.10) must equal minus excess of deduction from AT1 items over AT1 capital (deducted in CET1) (v0181_m)Blocking
- Capital instruments and share premium eligible as T2 capital must equal the sum of its four parts (v0187_m)Warning
- Defined benefit pension fund assets (under common equity tier 1 capital) must equal the sum of its three parts (v0180_m)Blocking
- Own T2 instruments must equal the sum of its three parts (v0188_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.