The rule in plain words
Total exposures cannot be less than exposures subject to infrastructure projects supporting factor.
All the values are in the exposure value arising from counterparty credit risk column (0210) of C 07.00.b.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Of which: Arising from Counterparty Credit Risk: TOTAL EXPOSURES >= Of which: exposures subject to infrastructure projects supporting factor
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 smaller 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 C 07.00 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
Rows
- 0010TOTAL EXPOSURES
- 0035Of which: exposures subject to infrastructure projects supporting factor
Column
- 0210Of which: Arising from Counterparty Credit Risk
A worked example
The first of its checks, with simple numbers.
Exposures subject to infrastructure projects supporting factor can then be at most 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_07.00.b,r0010,c0210,} >= {C_07.00.b,r0035,c0210,}Other rules on C 07.00.b
- Exposure value arising from counterparty credit risk cannot be less than arising from counterparty credit risk excluding exposures cleared through a CCP (v09744_m)Warning
- Defaulted exposures in exposure classes 'CIUs' and equity exposures, exposure value arising from counterparty credit risk must be left empty (v4722_m)Warning
- IPRE exposures meeting any of the conditions, exposure value arising from counterparty credit risk must be left empty (v22953_m)Warning
- Equity exposures under the IRB approach, exposure value arising from counterparty credit risk must be left empty (e22961_n)Warning
- Look-through approach, exposure value arising from counterparty credit risk must be left empty (v23007_m)Warning
- Mandate-based approach, exposure value arising from counterparty credit risk must be left empty (v23008_m)Warning
- Fall-back approach, exposure value arising from counterparty credit risk must be left empty (v23009_m)Warning
- Total exposures cannot be less than IPRE exposures meeting any of the conditions (v23010_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.