The rule in plain words
(-) deductions must equal (-) exposures between MPE resolution groups plus (-) investments in other eligible liabilities instruments.
All the values are in the requirement for own funds and eligible liabilities for G-SIIs (TLAC) column (0020) of M 02.00.a.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Requirement for own funds and eligible liabilities for G-SIIs (TLAC): (-) Deductions = (-) Exposures between MPE resolution groups + (-) Investments in other eligible liabilities instruments
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- 03If they differ, a part is missing, a value sits in the wrong row, or the total is out of date.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 02.00 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 capacity and composition (resolution groups / entities) (TLAC1) (I) (M 02.00.a)
Rows
- 0190(-) Deductions
- 0200(-) Exposures between MPE resolution groups
- 0211(-) Investments in other eligible liabilities instruments
Column
- 0020Requirement for own funds and eligible liabilities for G-SIIs (TLAC)
A worked example
The first of its checks, with simple numbers.
(-) deductions 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. Cells are written as {template, row, column, sheet}.
{M_02.00.a,r0190,c0020,} = {M_02.00.a,r0200,c0020,} + {M_02.00.a,r0211,c0020,}Other rules on M 02.00.a
- Eligible liabilities not subordinated to excluded liabilities must equal the sum of its three parts (row 0140, v10763_m)Warning
- Combined buffer requirement must equal the sum of its four parts (v10765_m)Warning
- Eligible liabilities not subordinated to excluded liabilities must equal the sum of its three parts (row 0140, v10762_m)Warning
- Investments in subordinated eligible liabilities of other institutions (under memorandum items) must equal the sum of its three parts (v10766_m)Warning
- Eligible liabilities subordinated to excluded liabilities must equal the sum of its five parts (v10761_m)Warning
- A check on MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1) (I), and MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1) (III) (M 02.00.c, v10767_m)Not run yet
- Eligible liabilities items before adjustments cannot be less than eligible liabilities considered as structurally subordinated (v10760_m)Warning
- A check on MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1) (I), and MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1) (III) (M 02.00.c, v10768_m)Not run yet
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.