The rule in plain words
Total minimum coverage requirement must equal unsecured part of NPEs.
All the values are in the >2 years <=3 years column (0030) of C 35.01.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
>2 years <=3 years: Total minimum coverage requirement = Unsecured part of NPEs
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02The two values must be the same. Find which of the two is right, and correct the other one.
- 03EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark C 35.01 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
NPE loss coverage: calculation of deductions for non-performing exposures (NPE lc1) (C 35.01)
Rows
- 0020Total minimum coverage requirement
- 0030Unsecured part of NPEs
Column
- 0030>2 years <=3 years
A worked example
The first of its checks, with simple numbers.
Unsecured part of NPEs must then be 1,200.
A file that reports 1,200 passes. One that reports 1,300 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}.
{C_35.01,r0020,c0030,} = {C_35.01,r0030,c0030,}Other rules on C 35.01
- Total minimum coverage requirement must equal the sum of its two parts (v09649_m)Warning
- Exposure value must equal unsecured part of NPEs plus secured part of NPEs (v09651_m)Warning
- Applicable amount of insufficient coverage must equal total minimum coverage requirement minus total provisions and adjustments or deductions (capped) (v09648_m)Warning
- Total provisions and adjustments or deductions (capped) cannot be more than total provisions and adjustments or deductions (uncapped) (v09652_m)Warning
- Total must equal the sum of its seven parts (v09647_m)Warning
- Total provisions and adjustments or deductions (capped) cannot be more than total minimum coverage requirement (v09653_m)Warning
- Total must equal the sum of its eight parts (v09646_m)Warning
- Total provisions and adjustments or deductions (uncapped) must equal the sum of its six parts (v09654_m)Warning
Every COREP own funds rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.