The rule in plain words
For total exposures: (-) value adjustments and provision associated with the original exposure must equal specific credit risk adjustments plus additional value adjustments and other own funds reductions.
The template it checks
Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements (C 07.00.a)
Row
- 0010TOTAL EXPOSURES
Column
- 0030(-) Value adjustments and provision associated with the original exposure
Geographical breakdown of exposures by residence of the obligor (SA exposures) (C 09.01.a)
Row
- 0170Total exposures
Columns
- 0055Specific credit risk adjustments
- 0061Additional value adjustments and other own funds reductions
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
sum({C_09.01.a,r0170,c0055,}) + sum({C_09.01.a,r0170,c0061,}) = sum({C_07.00.a,r0010,c0030,})Other rules on C 07.00.a
- Total exposures must equal look-through approach plus mandate-based approach plus fall-back approach (v09743_m)Warning
- Total exposures cannot be more than exposures subject to infrastructure projects supporting factor (v09741_m)Warning
- Total exposures cannot be less than exposures subject to infrastructure projects supporting factor (v09740_m)Warning
- Exposure value cannot be more than fully adjusted exposure value (E*) (v8726_m)Warning
- 70% must be left empty (v8643_n)Warning
- Securities financing transactions netting sets cannot be more than centrally cleared through a QCCP (v11519_m)Warning
- Derivatives & long settlement transactions netting sets cannot be more than centrally cleared through a QCCP (v11520_m)Warning
- Fully adjusted exposure value (E*) must equal the sum of its seven parts (v6364_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.