The rule in plain words
For derivatives: financial liabilities held for trading and trading must equal carrying amount (under financial liabilities held for trading) plus carrying amount (under trading financial liabilities).
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
F_01.02: Financial liabilities held for trading, derivatives + F_01.02: Trading financial liabilities, derivatives = F_10.00: Derivatives, Financial liabilities Held for trading and trading
What to do if your filing fails it
- 01Open the templates 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- 03If they differ, a part is missing, a value sits in the wrong row, or the total is out of date.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 F 01.02 and F 10.00 as reported.
- 06This is a blocking check. A filing that fails it is normally rejected, so fix it before you submit.
The cells it reads
Balance sheet statement: liabilities (F 01.02)
Rows
- 0020Derivatives
- 0062Derivatives
Column
- 0010Carrying amount
Derivatives: trading and economic hedges (F 10.00)
Row
- 0290Derivatives
Column
- 0020Financial liabilities Held for trading and trading
A worked example
The first of its checks, with simple numbers.
Derivatives, financial liabilities held for trading and trading must then be 2,000.
A file that reports 2,000 passes. One that reports 2,100 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}.
{F_01.02,r0020,c0010,} + {F_01.02,r0062,c0010,} = {F_10.00,r0290,c0020,}Other rules on F 01.02
- Total equity and total liabilities must equal the sum of its 14 parts (v0775_m)Warning
- Financial liabilities measured at amortised cost must equal the sum of its three parts (v0772_m)Blocking
- Financial liabilities designated at fair value through profit or loss must equal the sum of its three parts (v0771_m)Blocking
- Financial liabilities held for trading must equal the sum of its five parts (v0770_m)Blocking
- Total equity and total liabilities must equal total equity plus total liabilities (v0785_m)Blocking
- Financial liabilities held for trading, carrying amount must equal the sum of its three parts (v0938_m)Warning
- Derivatives: carrying amount must equal level 1 plus level 2 plus level 3 (v0939_m)Warning
- Short positions: carrying amount must equal level 3 plus level 2 plus level 1 (v0940_m)Warning
Every FINREP 9 rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.