The rule in plain words
Total must equal these nine added up:
- Central governments or central banks
- Regional governments or local authorities
- Public sector entities
- Institutions
- Corporates
- Retail
- Equity
- Collective investment undertakings (CIUs)
- Other non-credit obligation assets
All the values are in the total exposure value as defined in Article 166 of Regulation (EU) No 575/2013 column (0010) of C 08.07.
EBA writes it out two times. These words are for the first; the others are the same rule on other cells.
The template it checks
Rows
- 0010Central governments or central banks
- 0020Regional governments or local authorities
- 0030Public sector entities
- 0040Institutions
- 0050Corporates
- 0090Retail
- 0150Equity
- 0155COLLECTIVE INVESTMENT UNDERTAKINGS (CIUs)
- 0160Other non-credit obligation assets
- 0170Total
Column
- 0010Total exposure value as defined in Article 166 of Regulation (EU) No 575/2013
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}.
{C_08.07,r0170,c0010,} = {C_08.07,r0010,c0010,} + {C_08.07,r0020,c0010,} + {C_08.07,r0030,c0010,} + {C_08.07,r0040,c0010,} + {C_08.07,r0050,c0010,} + {C_08.07,r0090,c0010,} + {C_08.07,r0150,c0010,} + {C_08.07,r0155,c0010,} + {C_08.07,r0160,c0010,}And 1 more, the same formula for the other cells it covers.
Other rules on C 08.07
- Percentage of total exposure value subject to IRB approach cannot be more than 1 (v09771_m)Warning
- Percentage of total exposure value subject to a roll-out plan cannot be more than 1 (v09770_m)Warning
- Percentage of total exposure value subject to permanent partial use of SA cannot be more than 1 (v09769_m)Warning
- None of the 110 values it checks in credit risk and free deliveries can be negative (v10300_s)Warning
- The absolute value of corporates cannot be less than the absolute value of corporates, SMEs (v23666_h)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.
