The rule in plain words
Physically traded commodities must equal unencumbered or encumbered for a residual maturity of less than one year plus physically traded commodities encumbered for a residual maturity of one year or more.
EBA checks it for two columns: ≥ 1 year and required stable funding. That makes two checks. A failure names the one that failed.
How the Line4 Check report words itShowHide
The first of its checks, word for word as the report shows it when it fails. The others read the same, with their own column, row or sheet.
≥ 1 year: physically traded commodities = unencumbered or encumbered for a residual maturity of less than one year + encumbered for a residual maturity of one year or more
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Add up the parts in your file and compare the result with the total.
- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
- 04EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 05It runs only when your filing indicators mark C 80.00 as reported.
- 06This 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
NSFR - required stable funding (I), significant currencies (C 80.00.w)
Rows
- 0980physically traded commodities
- 0990unencumbered or encumbered for a residual maturity of less than one year
- 1000encumbered for a residual maturity of one year or more
Columns
- 0030≥ 1 year
- 0130Required stable funding
A worked example
The first of its checks, with simple numbers.
Physically traded commodities must then be 2,000.
A file that reports 2,000 passes. One that reports 2,100 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, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{C_80.00.w,r0980,c0030,} = {C_80.00.w,r0990,c0030,} + {C_80.00.w,r1000,c0030,}The next one:
{C_80.00.w,r0980,c0130,} = {C_80.00.w,r0990,c0130,} + {C_80.00.w,r1000,c0130,}Other rules on C 80.00.w
- RSF from other assets must equal the sum of its four parts (v10127_m)Warning
- RSF from OBS items must equal the sum of its five parts (v10129_m)Warning
- RSF from interdependent assets must equal the sum of its five parts (v10125_m)Warning
- Other loans to non-financial customers other than central banks cannot be less than residential mortgages (v10124_m)Warning
- Loans to non-financial customers other than central banks where those loans are assigned a risk weight of 35% or less cannot be less than residential mortgages (v10123_m)Warning
- Other loans to non-financial customers other than central banks must equal the sum of its two parts (v10122_m)Warning
- Securities financing transactions with financial customers must equal the sum of its two parts (v10121_m)Warning
- RSF from loans must equal the sum of its seven parts (v10120_m)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.