The rule in plain words
Own estimates of lgd's are used must equal these three added up:
- Cash on deposit
- Life insurance policies
- Instruments held by a third party
The template it checks
Columns
- 0170Own estimates of lgd's are used:
- 0171Cash on deposit
- 0172Life insurance policies
- 0173Instruments held by a third party
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{C_08.02,,c0170,} = {C_08.02,,c0171,} + {C_08.02,,c0172,} + {C_08.02,,c0173,}Other rules on C 08.02
- Internal rating scale, PD assigned to the obligor grade or pool cannot be more than 1 (v6300_m)Warning
- Exposure weighted average LGD for large financial sector entities and unregulated financial entities cannot be more than 1 (v4823_m)Warning
- Exposure weighted average lgd cannot be more than 1 (v4821_m)Warning
- The absolute value of guarantees plus the absolute value of credit derivatives cannot be more than original exposure conversion factors (v4771_m)Warning
- Total outflows must equal the sum of its three parts (v1665_m)Warning
- Risk weighted exposure amount after supporting factor must equal the sum of its three parts (v0348_m)Warning
- Exposure after CRM substitution effects pre conversion factors must equal the sum of its three parts (v0347_m)Warning
- Large financial sector entities and unregulated financial entities cannot be more than risk weighted exposure amount after supporting factor (v0346_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.