The rule in plain words
Total long-term secured debt securities must equal these three added up:
- Covered bonds
- Asset backed securities
- Other secured debt securities
All the values are in the actual current position column (010) of P 02.05.
EBA writes it out two times. These words are for the first; the others are the same rule on other cells.
The template it checks
Pricing: deposit and other liabilities (P 02.05)
Rows
- 180Total long-term secured debt securities
- 190Covered bonds
- 200Asset backed securities
- 210Other secured debt securities
Column
- 010Actual current position
Show the rule as writtenShowHide
EBA's formula, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{P_02.05,r180,c010,} = {P_02.05,r190,c010,} + {P_02.05,r200,c010,} + {P_02.05,r210,c010,}And 1 more, the same formula for the other cells it covers.
Other rules on P 02.05
Checks like this one, run at the point of submission, are the first step to real-time supervision.
