The rule in plain words
If actual current position is not zero, planned Year 1 Position cannot be zero.
EBA checks it for six rows: liquidity coverage ratio (per cent), liquidity buffer, net liquidity outflow, total outflows, total redemption for inflows and LCR surplus/(deficit). That makes six 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.
If Liquidity Coverage Ratio (per cent), Actual current position != 0, then Liquidity Coverage Ratio (per cent), Planned Year 1 Position != 0
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02The check applies only when its first part holds in your file. When it does, the second part must hold too: fix the second part, or correct the first.
- 03EBA compares the values exactly here: there is no rounding tolerance.
- 04It runs only when your filing indicators mark P 01.03 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
Liquidity ratios (P 01.03)
Rows
- 030Liquidity Coverage Ratio (per cent)
- 032Liquidity buffer
- 034Net liquidity outflow
- 035Total outflows
- 036Total redemption for inflows
- 040LCR surplus/(deficit)
Columns
- 010Actual current position
- 030Planned Year 1 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}.
if ({P_01.03,r030,c010,} != 0) then ({P_01.03,r030,c030,} != 0) else TrueThe next five:
if ({P_01.03,r036,c010,} != 0) then ({P_01.03,r036,c030,} != 0) else Trueif ({P_01.03,r034,c010,} != 0) then ({P_01.03,r034,c030,} != 0) else Trueif ({P_01.03,r040,c010,} != 0) then ({P_01.03,r040,c030,} != 0) else Trueif ({P_01.03,r032,c010,} != 0) then ({P_01.03,r032,c030,} != 0) else Trueif ({P_01.03,r035,c010,} != 0) then ({P_01.03,r035,c030,} != 0) else TrueOther rules on P 01.03
- Liquidity coverage ratio (per cent) must be less than 6 (v09244_m)Warning
- If actual current position is not zero, planned Year 1 Position cannot be zero, and planned Year 2 Position cannot be zero, and planned Year 3 Position cannot be zero (v6231_m)Warning
- Each of the 20 cells it checks in liquidity ratios must be reported (v6215_m)Warning
- Each of the eight cells it checks in liquidity ratios must be reported (v6214_m)Warning
- Liquidity coverage ratio (per cent) must be more than 1 (v6213_m)Warning
- Net stable funding ratio (per cent) must be less than 6 (v6212_m)Warning
- None of the 16 values it checks in liquidity ratios can be negative (v4395_s)Warning
- None of the six values it checks in liquidity ratios can be negative (v4394_s)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.