The rule in plain words
Other bailinable liabilities must equal these three added up:
- Residual maturity of < 1 year
- Residual maturity of >= 1 year and < 2 years
- Residual maturity of >= 2 years
All the values are in the minimum requirement for own funds and eligible liabilities (MREL) column (0010) of M 01.00.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Minimum requirement for own funds and eligible liabilities (MREL): Other bailinable liabilities = Residual maturity of < 1 year + Residual maturity of >= 1 year and < 2 years + Residual maturity of >= 2 years
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- 03If they differ, a part is missing, a value sits in the wrong row, or the total is out of date.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 M 01.00 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
MREL and TLAC key metrics (resolution groups / entities) (KM2) (M 01.00)
Rows
- 0250Other bailinable liabilities
- 0280Residual maturity of < 1 year
- 0285Residual maturity of >= 1 year and < 2 years
- 0290Residual maturity of >= 2 years
Column
- 0010Minimum requirement for own funds and eligible liabilities (MREL)
A worked example
The first of its checks, with simple numbers.
Other bailinable liabilities must then be 2,450.
A file that reports 2,450 passes. One that reports 2,550 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. Cells are written as {template, row, column, sheet}.
{M_01.00,r0250,c0010,} = {M_01.00,r0280,c0010,} + {M_01.00,r0285,c0010,} + {M_01.00,r0290,c0010,}Other rules on M 01.00
- Other bailinable liabilities governed by third country law cannot be less than containing a write down and conversion clause (v10742_m)Warning
- Own funds and eligible liabilities as a percentage of the total risk exposure amount cannot be less than own funds and subordinated liabilities (v10744_m)Warning
- Own funds and eligible liabilities as a percentage of the total exposure measure cannot be less than own funds and subordinated liabilities (v10745_m)Warning
- Other bailinable liabilities cannot be less than other bailinable liabilities governed by third country law (v10740_m)Warning
- Own funds and eligibile liabilities cannot be less than aggregate amount of permitted non-subordinated eligible liabilities instruments if the subordination discretion as per Article 72b(3) of Reg (v10746_m)Warning
- Own funds and eligibile liabilities governed by third country law cannot be less than containing a write down and conversion clause (v10739_m)Warning
- Own funds and eligibile liabilities must equal own funds and eligible liabilities as a percentage of the total risk exposure amount times total risk exposure amount (TREA) (v10747_m)Warning
- Own funds and eligibile liabilities must equal own funds and eligible liabilities as a percentage of the total exposure measure times total exposure measure (TEM) (v10748_m)Warning
Every MREL and TLAC rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.