The rule in plain words
Credit transfers initiated by payment initiation service providers cannot be more than credit transfers.
EBA checks it for two columns: payment transactions and fraudulent payment transactions. And on six sheets: domestic, cross-border within the EEA and cross-border outside the EEA, each split into amount of payments and number of transactions. That makes twelve checks. A failure names the one that failed.
How the Line4 Check report words itShowHide
The first of its checks, word for word as the report shows it when it fails. The others read the same, with their own column, row or sheet.
Payment transactions: Of which initiated by payment initiation service providers, Cross-border within the EEA amount of payments <= Credit transfers, Cross-border within the EEA amount of payments
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 bigger 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 Y 01.01 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
Credit transfers transactions (Y 01.01)
Rows
- 0010Credit transfers
- 0020Of which initiated by payment initiation service providers
Columns
- 0010Payment transactions
- 0020Fraudulent payment transactions
Sheets
- 0010Domestic amount of payments
- 0020Domestic number of transactions
- 0030Cross-border within the EEA amount of payments
- 0040Cross-border within the EEA number of transactions
- 0050Cross-border outside the EEA amount of payments
- 0060Cross-border outside the EEA number of transactions
A worked example
The first of its checks, with simple numbers.
Credit transfers must then be at least 1,200.
A file that reports 1,200 passes. One that reports 1,100 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, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{Y_01.01,r0020,c0010,s0030} <= {Y_01.01,r0010,c0010,s0030}The next five:
{Y_01.01,r0020,c0010,s0040} <= {Y_01.01,r0010,c0010,s0040}{Y_01.01,r0020,c0010,s0010} <= {Y_01.01,r0010,c0010,s0010}{Y_01.01,r0020,c0020,s0040} <= {Y_01.01,r0010,c0020,s0040}{Y_01.01,r0020,c0020,s0050} <= {Y_01.01,r0010,c0020,s0050}{Y_01.01,r0020,c0020,s0010} <= {Y_01.01,r0010,c0020,s0010}And 6 more, the same formula for the other cells it covers.
Other rules on Y 01.01
- Credit transfers must equal the sum of its two parts (v09123_m)Warning
- Credit transfers initiated remotely with strong customer authentication must equal the sum of its three parts (v09125_m)Warning
- Credit transfers initiated remotely without strong customer authentication must equal the sum of its three parts (v09126_m)Warning
- Credit transfers initiated non-remotely with strong customer authentication must equal the sum of its three parts (v09127_m)Warning
- Credit transfers initiated non-remotely without strong customer authentication must equal the sum of its three parts (v09128_m)Warning
- Credit transfers initiated remotely without strong customer authentication must equal the sum of its six parts (v09129_m)Warning
- Credit transfers initiated non-remotely without strong customer authentication must equal the sum of its five parts (v09130_m)Warning
- Credit transfers initiated electronically must equal the sum of its two parts (v09195_h)Warning
Every PSD2 fraud reporting rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.