The rule in plain words
Minority interests and equivalents must equal capital instruments and items that do not qualify as minority interests plus transitional recognition in consolidated own funds of minority interests.
All the values are in the adjustments to CET1 column (0010) of C 05.01.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Adjustments to CET1: MINORITY INTERESTS AND EQUIVALENTS = Capital instruments and items that do not qualify as minority interests + Transitional recognition in consolidated own funds of minority interests
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- 03If they differ, a part is missing, a value sits in the wrong row, or the total is out of date.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 05.01 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 - transitional provisions: Summary (C 05.01)
Rows
- 0070MINORITY INTERESTS AND EQUIVALENTS
- 0080Capital instruments and items that do not qualify as minority interests
- 0090Transitional recognition in consolidated own funds of minority interests
Column
- 0010Adjustments to CET1
A worked example
The first of its checks, with simple numbers.
Minority interests and equivalents must then be 2,000.
A file that reports 2,000 passes. One that reports 2,100 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_05.01,r0070,c0010,} = {C_05.01,r0080,c0010,} + {C_05.01,r0090,c0010,}Other rules on C 05.01
- Other transitional adjustments must equal additional filters and deductions (row 0100, v0255_m)Warning
- Other transitional adjustments must equal additional filters and deductions (row 0100, v0256_m)Warning
- Other transitional adjustments must equal the sum of its three parts (v0264_m)Warning
- Deductions must equal the sum of its four parts (v0266_m)Warning
- Deductions must equal the sum of its three parts (v0269_m)Warning
- Instruments not constituting state aid, adjustments to CET1 must equal instruments that qualified for Article 57, point (a), total grandfathered amount (v0274_m)Warning
- A matching-values check across capital adequacy: transitional provisions: Summary and capital adequacy (C 05.02, row 0060, v0275_m)Warning
- A matching-values check across capital adequacy: transitional provisions: Summary and capital adequacy (C 05.02, row 0060, v0276_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.