The rule in plain words
Total, exposure value after application of exemptions and CRM must equal these ten added up:
- Total, exposure value before application of exemptions and CRM
- (-) debt instruments
- (-) equity instruments
- (-) derivatives
- (-) loan commitments
- (-) financial guarantees
- (-) other commitments
- (-) funded credit protection other than substitution effect
- (-) Real estate
- (-) amounts exempted
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Exposure value after application of exemptions and CRM, total = Exposure value before application of exemptions and CRM, total + (-) Debt instruments + (-) Equity instruments + (-) Derivatives + (-) Loan commitments + (-) Financial Guarantees + (-) Other commitments + (-) Funded credit protection other than substitution effect + (-) Real estate + (-) Amounts exempted
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- 03If they differ, a part is missing, a value sits in the wrong column, or the total is out of date.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
- 210Total
- 240(-) Debt instruments
- 250(-) Equity instruments
- 260(-) Derivatives
- 270(-) Loan commitments
- 280(-) Financial Guarantees
- 290(-) Other commitments
- 300(-) Funded credit protection other than substitution effect
- 310(-) Real estate
- 320(-) Amounts exempted
- 330Total
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{C_28.00,,c330,} = {C_28.00,,c210,} + {C_28.00,,c240,} + {C_28.00,,c250,} + {C_28.00,,c260,} + {C_28.00,,c270,} + {C_28.00,,c280,} + {C_28.00,,c290,} + {C_28.00,,c300,} + {C_28.00,,c310,} + {C_28.00,,c320,}Other rules on C 28.00
- Total cannot be less than the absolute value of a sum of nine columns (v0652_m)Warning
- Exposure value after application of exemptions and CRM: total cannot be less than non-trading book (v0654_m)Warning
- Exposure value before application of exemptions and CRM: total cannot be less than non-trading book (v0651_m)Warning
- Total must equal the sum of its three parts (v0650_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 original exposure cannot be less than defaulted original exposure (v0648_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.