The rule in plain words
Total minimum coverage requirement in C 35.01 must equal total minimum coverage requirement in C 35.02.
All the values are in the >2 years <=3 years column (0030).
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
C_35.01: Total minimum coverage requirement, >2 years <=3 years = C_35.02: Total minimum coverage requirement, >2 years <=3 years
What to do if your filing fails it
- 01Open the templates 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 and C 35.02 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)
Row
- 0020Total minimum coverage requirement
Column
- 0030>2 years <=3 years
Row
- 0010Total minimum coverage requirement
Column
- 0030>2 years <=3 years
A worked example
The first of its checks, with simple numbers.
Total minimum coverage requirement in C 35.02 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_35.02,r0010,c0030,}Other rules on C 35.01
- Time passed since exposures classified as non-performing: total minimum coverage requirement in C 35.01 must equal the sum of its two parts (v09662_m)Warning
- Total minimum coverage requirement, total: unsecured part of NPEs in C 35.01 must equal the sum of its two parts (row 0030, v09664_m)Warning
- Total minimum coverage requirement in C 35.01 must equal the sum of its two parts (row 0020, v09661_m)Warning
- Total minimum coverage requirement, total: unsecured part of NPEs in C 35.01 must equal the sum of its two parts (row 0030, v09665_m)Warning
- Total minimum coverage requirement in C 35.01 must equal the sum of its two parts (row 0020, v09660_m)Warning
- Total minimum coverage requirement, total: unsecured part of NPEs in C 35.01 must equal the sum of its two parts (row 0030, v09666_m)Warning
- Total minimum coverage requirement in C 35.01 must equal the sum of its two parts (row 0020, v09659_m)Warning
- Total minimum coverage requirement, total: unsecured part of NPEs in C 35.01 must equal the sum of its two parts (row 0030, v09667_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.