The rule in plain words
Instruments not constituting state aid, adjustments to CET1 must equal instruments that qualified for Article 57, point (a) of Directive 2006/48/EC, total grandfathered amount.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
C_05.01: Instruments not constituting state aid, Adjustments to CET1 = C_05.02: 1. Instruments that qualified for Article 57, point (a) of Directive 2006/48/EC, Total grandfathered amount
What to do if your filing fails it
- 01Open the templates below and find the cells the rule reads.
- 02The two values must be the same. Find which of the two is right, and correct the other one.
- 03EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark C 05.01 and C 05.02 as reported.
- 05This 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)
Row
- 0060Instruments not constituting state aid
Column
- 0010Adjustments to CET1
Capital adequacy - transitional provisions: grandfathered instruments not constituting State aid (C 05.02)
Row
- 00101. Instruments that qualified for Article 57, point (a) of Directive 2006/48/EC
Column
- 0060Total grandfathered amount
A worked example
The first of its checks, with simple numbers.
Instruments that qualified for Article 57, point (a) of Directive 2006/48/EC, total grandfathered amount must then be 1,200.
A file that reports 1,200 passes. One that reports 1,300 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,r0060,c0010,} = {C_05.02,r0010,c0060,}Other rules on C 05.01
- 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
- Deductions must equal the sum of its three parts (v0269_m)Warning
- Deductions must equal the sum of its four parts (v0266_m)Warning
- Other transitional adjustments must equal the sum of its three parts (v0264_m)Warning
- Other transitional adjustments must equal additional filters and deductions (row 0100, v0256_m)Warning
- Other transitional adjustments must equal additional filters and deductions (row 0100, v0255_m)Warning
- Minority interests and equivalents must equal the sum of its two parts (v0253_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.