The rule in plain words
If guarantees provided by the resolution entity and permitted by the resolution authority is reported, memorandum item: collateralised part of the guarantee must be reported.
All the values are in the internal MREL column (0010) of M 03.00.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Internal MREL: If Guarantees provided by the resolution entity and permitted by the resolution authority is reported, then Memorandum item: Collateralised part of the guarantee is reported
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02The check applies only when its first part holds in your file. When it does, the second part must hold too: fix the second part, or correct the first.
- 03It runs only when your filing indicators mark M 03.00 as reported.
- 04This 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
Internal MREL and internal TLAC (ILAC) (M 03.00)
Rows
- 0270Guarantees provided by the resolution entity and permitted by the resolution authority
- 0280Memorandum item: Collateralised part of the guarantee
Column
- 0010Internal MREL
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
if (not(empty({M_03.00,r0270,c0010,}))) then (not(empty({M_03.00,r0280,c0010,}))) else TrueOther rules on M 03.00
- A check on internal MREL and internal TLAC (ILAC) (v10779_m)Not run yet
- Eligible liabilities and guarantees must equal the sum of its five parts (v10776_m)Warning
- Eligible own funds and eligible liabilities must equal own funds and eligible liabilities as a percentage of the total risk exposure amount times total risk exposure amount (v10780_m)Warning
- Eligible own funds and eligible liabilities must equal the sum of its two parts (v10775_m)Warning
- Guarantees provided by the resolution entity and permitted by the resolution authority must equal permitted guarantees times total risk exposure amount (v10781_m)Warning
- Eligible own funds and eligible liabilities must equal the sum of its two parts (v10774_m)Warning
- Eligible own funds and eligible liabilities must equal own funds and eligible liabilities as a percentage of the total exposure measure times total exposure measure (v10782_m)Warning
- Internal MREL must be reported (e10773_e)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.