The rule in plain words
Less than 2.5 years, exposure value arising from counterparty credit risk cannot be negative.
EBA writes it out 96 times. These words are for the first; the others are the same rule on other cells.
The template it checks
Row
- 0030Less than 2.5 years
Column
- 0060Of which: arising from counterparty credit risk
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_08.06,r0030,c0060,} >= 0And 95 more, the same formula for the other cells it covers.
Other rules on C 08.06
- Value adjustments and provisions cannot be more than zero (v10310_s)Warning
- Exposure value cannot be less than exposure value arising from counterparty credit risk (v09786_m)Warning
- Exposure value cannot be less than off balance sheet items (v09785_m)Warning
- Exposure after CRM substitution effects pre conversion factors cannot be less than off balance sheet items (v09784_m)Warning
- Equal to or more than 2.5 years (under total) must equal the sum of its five parts (v09783_m)Warning
- Less than 2.5 years (under total) must equal the sum of its five parts (v09782_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.