The rule in plain words
For additional tier 1 capital: instruments issued by subsidiaries that are given recognition in AT1 capital, amount must equal transitional recognition in consolidated own funds of qualifying additional Tier 1 capital, eligible amount without transitional provisions.
The headline gives only the kind of check and the template, because the rule is too long to say in a headline. The plain words above say all of it.
The template it checks
Capital adequacy - own funds definition (C 01.00)
Row
- 0670Instruments issued by subsidiaries that are given recognition in AT1 Capital
Column
- 0010Amount
Capital adequacy - transitional provisions: Summary (C 05.01)
Row
- 0091Transitional recognition in consolidated own funds of qualifying Additional Tier 1 capital
Column
- 0060Eligible amount without transitional provisions
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EBA's formula. Cells are written as {template, row, column, sheet}.
{C_01.00,r0670,c0010,} = {C_05.01,r0091,c0060,}Other rules on C 01.00
- Common equity tier 1 capital: a matching-values check across capital adequacy: own funds definition and capital adequacy: transitional provisions: Summary (C 05.01, v0191_m)Warning
- Own T2 instruments must equal the sum of its three parts (v0188_m)Warning
- Capital instruments and share premium eligible as T2 capital must equal the sum of its four parts (v0187_m)Warning
- Tier 2 capital must equal the sum of its 14 parts (v0186_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
- Own AT1 instruments must equal the sum of its three parts (v0184_m)Warning
- Capital instruments and share premium eligible as AT1 capital must equal the sum of its four parts (v0183_m)Warning
- Additional tier 1 capital must equal the sum of its twelve parts (v0182_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.