The rule in plain words
Total must equal these three added up:
- Total original exposure
- (-) value adjustments and provisions
- (-) exposures deducted from CET 1 or additional Tier 1 items
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Total = Total original exposure + (-) Value adjustments and provisions + (-) Exposures deducted from CET 1 or Additional Tier 1 items
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- 03If they differ, a part is missing, a value sits in the wrong column, or the total is out of date.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
- 190(-) Value adjustments and provisions
- 200(-) Exposures deducted from CET 1 or Additional Tier 1 items
- 210Total
A worked example
The first of its checks, with simple numbers.
Illustrative values
Total original exposure1,200
(-) value adjustments and provisions800
(-) exposures deducted from CET 1 or additional Tier 1 items450
Together2,450
What the rule then expects
Total must then be 2,450.
2,450Passes
2,550Fails
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_28.00,,c210,} = {C_28.00,,c040,} + {C_28.00,,c190,} + {C_28.00,,c200,}Other rules on C 28.00
- 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
- Exposure value before application of exemptions and CRM: total cannot be less than non-trading book (v0651_m)Warning
- Total original exposure cannot be less than defaulted original exposure (v0648_m)Warning
- Total cannot be less than the absolute value of a sum of nine columns (v0652_m)Warning
- Total original exposure must equal the sum of its 13 parts (v0647_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.