The rule in plain words
For long-term debt securities issued (original maturity >=1 year): total long-term secured debt securities issued, planned Year 3 Position must equal these three worked out:
- Total long-term secured debt securities issued, planned Year 2 Position
- Minus maturing (gross outflow), planned Year 3 Position
- Non-retained issuance (gross inflows), planned Year 3 Position
The headline gives only the kind of check and the template, because the rule is too long to say in a headline. The plain words above say all of it.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
P_01.02: Total long-term secured debt securities issued, Planned Year 3 Position = P_01.02: Total long-term secured debt securities issued, Planned Year 2 Position - P_05.00: Maturing (gross outflow), Planned Year 3 Position + P_05.00: Non-retained issuance (gross inflows), Planned Year 3 Position
What to do if your filing fails it
- 01Open the templates below and find the cells the rule reads.
- 02Work out both sides from your file, as the rule in plain words sets out, and compare them.
- 03EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark P 01.02 and P 05.00 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
Liabilities (P 01.02)
Row
- 220Total long-term secured debt securities issued
Columns
- 040Planned Year 2 Position
- 050Planned Year 3 Position
Debt securities: issuances and redemptions (P 05.00)
Rows
- 0150Maturing (gross outflow)
- 0160Non-retained issuance (gross inflows)
Column
- 0040Planned Year 3 Position
A worked example
The first of its checks, with simple numbers.
Total long-term secured debt securities issued, planned Year 3 Position must then be 850.
A file that reports 850 passes. One that reports 950 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}.
{P_01.02,r220,c050,} = {P_01.02,r220,c040,} - {P_05.00,r0150,c0040,} + {P_05.00,r0160,c0040,}Other rules on P 01.02
- Total long-term secured debt securities issued: a balancing check across liabilities, and debt securities: issuances and redemptions (P 05.00, row 250, v08965_m)Warning
- Long-term debt securities issued (original maturity >=1 year): a balancing check across liabilities, and debt securities: issuances and redemptions (P 05.00, row 220, v08962_m)Warning
- Total long-term secured debt securities issued: a balancing check across liabilities, and debt securities: issuances and redemptions (P 05.00, row 250, v08966_m)Warning
- Long-term debt securities issued (original maturity >=1 year): a balancing check across liabilities, and debt securities: issuances and redemptions (P 05.00, row 220, v08961_m)Warning
- Total long-term unsecured debt securities issued: a balancing check across liabilities, and debt securities: issuances and redemptions (P 05.00, row 196, v08960_m)Warning
- Total long-term secured debt securities issued: a balancing check across liabilities, and debt securities: issuances and redemptions (P 05.00, row 250, v08968_m)Warning
- Total long-term secured debt securities issued: a balancing check across liabilities, and debt securities: issuances and redemptions (P 05.00, row 280, v08969_m)Warning
- Total long-term unsecured debt securities issued: a balancing check across liabilities, and debt securities: issuances and redemptions (P 05.00, row 196, v08958_m)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.