The rule in plain words
Percentage of total assets, total cannot be more than 1.
EBA writes it out three times. These words are for the first; the others are the same rule on other cells.
The template it checks
Size of the derivative business (CCR 1) (I) (C 34.01.a)
Row
- 0050Percentage of total assets
Column
- 0030Total
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EBA's formula, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{C_34.01.a,r0050,c0030,} <= 1And 2 more, the same formula for the other cells it covers.
Other rules on C 34.01.a
- Size of the derivative business must equal the sum of its two parts (v09804_m)Warning
- Month 3: total must equal long derivative positions plus short derivative positions (v09803_m)Warning
- Month 2: total must equal long derivative positions plus short derivative positions (v09802_m)Warning
- Size of the derivative business: total must equal long derivative positions plus short derivative positions (v09801_m)Warning
- None of the twelve values it checks in size of the derivative business (CCR 1) (I) can be negative (row 0010, v10307_s)Warning
- None of the twelve values it checks in size of the derivative business (CCR 1) (I) can be negative (row 0010, v10308_s)Warning
- Credit derivatives that are recognised as internal hedges against non-trading book credit risk exposures cannot be more than zero (v10492_s)Warning
- Percentage of total assets times total assets must equal size of the derivative business (v10638_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.