The rule in plain words
Total original exposure must equal these 13 added up:
- Debt instruments, direct exposures
- Equity instruments, direct exposures
- Derivatives, direct exposures
- Loan commitments (column 090)
- Financial guarantees (column 100)
- Other commitments (column 110)
- Debt instruments, indirect exposures
- Equity instruments, indirect exposures
- Derivatives, indirect exposures
- Loan commitments (column 150)
- Financial guarantees (column 160)
- Other commitments (column 170)
- Additional exposures arising from transactions where there is an exposure to underlying assets
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Total original exposure = Direct exposures, debt instruments + Direct exposures, equity instruments + Direct exposures, derivatives + Off balance sheet items, loan commitments (column 090) + Off balance sheet items, financial guarantees (column 100) + Off balance sheet items, other commitments (column 110) + Indirect exposures, debt instruments + Indirect exposures, equity instruments + Indirect exposures, derivatives + Off balance sheet items, loan commitments (column 150) + Off balance sheet items, financial guarantees (column 160) + Off balance sheet items, other commitments (column 170) + Additional exposures arising from transactions where there is an exposure to underlying assets
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- 03If they differ, a part is missing, a value sits in the wrong column, or the total is out of date.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 28.00 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
Exposures in the non-trading and trading book (C 28.00)
Columns
- 040Total original exposure
- 060Debt instruments
- 070Equity instruments
- 080Derivatives
- 090Loan commitments
- 100Financial guarantees
- 110Other commitments
- 120Debt instruments
- 130Equity instruments
- 140Derivatives
- 150Loan commitments
- 160Financial guarantees
- 170Other commitments
- 180Additional exposures arising from transactions where there is an exposure to underlying assets
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{C_28.00,,c040,} = {C_28.00,,c060,} + {C_28.00,,c070,} + {C_28.00,,c080,} + {C_28.00,,c090,} + {C_28.00,,c100,} + {C_28.00,,c110,} + {C_28.00,,c120,} + {C_28.00,,c130,} + {C_28.00,,c140,} + {C_28.00,,c150,} + {C_28.00,,c160,} + {C_28.00,,c170,} + {C_28.00,,c180,}Other rules on C 28.00
- Total original exposure cannot be less than defaulted original exposure (v0648_m)Warning
- Total original exposure cannot be less than the absolute value of value adjustments and provisions plus exposures deducted from CET 1 or additional Tier 1 items (v0649_m)Warning
- Total must equal the sum of its three parts (v0650_m)Warning
- Exposure value before application of exemptions and CRM: total cannot be less than non-trading book (v0651_m)Warning
- Total cannot be less than the absolute value of a sum of nine columns (v0652_m)Warning
- Total, exposure value after application of exemptions and CRM must equal the sum of its ten parts (v0653_m)Warning
- Exposure value after application of exemptions and CRM: total cannot be less than non-trading book (v0654_m)Warning
- Each of the eleven values it checks in exposures in the non-trading and trading book cannot be more than zero (v2058_s)Warning
Every COREP LE rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.