The rule in plain words
Financial assets held for trading must equal these three added up:
- Derivatives
- Equity instruments
- Debt securities
All the values are in the level 1 column (0060) of F 14.00.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Level 1: Financial assets held for trading = Derivatives + Equity instruments + Debt securities
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- 03If they differ, a part is missing, a value sits in the wrong row, or the total is out of date.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 14.00 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
Fair value hierarchy: financial instruments at fair value (F 14.00)
Rows
- 0010Financial assets held for trading
- 0020Derivatives
- 0030Equity instruments
- 0040Debt securities
Column
- 0060Level 1
A worked example
The first of its checks, with simple numbers.
Financial assets held for trading must then be 2,450.
A file that reports 2,450 passes. One that reports 2,550 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_14.00,r0010,c0060,} = {F_14.00,r0020,c0060,} + {F_14.00,r0030,c0060,} + {F_14.00,r0040,c0060,}Other rules on F 14.00
- Financial assets held for trading must equal the sum of its four parts (row 0010, v0915_m)Warning
- Financial assets designated at fair value through profit or loss must equal the sum of its two parts (v0916_m)Warning
- Financial assets designated at fair value through profit or loss must equal the sum of its three parts (v0917_m)Warning
- Financial liabilities held for trading must equal the sum of its three parts (v0920_m)Warning
- Financial liabilities held for trading must equal the sum of its five parts (v0921_m)Warning
- Financial liabilities designated at fair value through profit or loss must equal debt securities issued (v0922_m)Warning
- Financial liabilities designated at fair value through profit or loss must equal the sum of its three parts (v0923_m)Warning
- None of the 144 values it checks in fair value hierarchy can be negative (v3943_s)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.