The rule in plain words
For exposure value before application of exemptions and CRM: total cannot be less than non-trading book.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Total >= Of which: Non-trading book
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Compare the values in your file. If the first is smaller than it may be, one of them is wrong: check both before you change either.
- 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 28.00 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
Exposures in the non-trading and trading book (C 28.00)
Columns
- 210Total
- 220Of which: Non-trading book
A worked example
The first of its checks, with simple numbers.
Illustrative values
Total1,200
What the rule then expects
Non-trading book can then be at most 1,200.
1,200Passes
1,300Fails
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_28.00,,c210,} >= {C_28.00,,c220,}Other rules on C 28.00
- Total must equal the sum of its three parts (v0650_m)Warning
- Total cannot be less than the absolute value of a sum of nine columns (v0652_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, exposure value after application of exemptions and CRM must equal the sum of its ten parts (v0653_m)Warning
- Total original exposure cannot be less than defaulted original exposure (v0648_m)Warning
- Exposure value after application of exemptions and CRM: total cannot be less than non-trading book (v0654_m)Warning
- Total original exposure must equal the sum of its 13 parts (v0647_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.