The rule in plain words
Closing balance [present value] must equal present value of defined benefit obligations.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
F_44.02: Closing balance [present value] = F_44.01: Present value of defined benefit obligations
What to do if your filing fails it
- 01Open the templates below and find the cells the rule reads.
- 02The two values must be the same. Find which of the two is right, and correct the other one.
- 03EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark F 44.02 and F 44.01 as reported.
- 05This 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
Components of net defined benefit plan assets and liabilities (F 44.01)
Row
- 0070Present value of defined benefit obligations
Column
- 0010Amount Type
Movements in defined benefit plans and employee benefits (F 44.02)
Row
- 0120Closing balance [present value]
Column
- 0010Defined benefit obligations
A worked example
The first of its checks, with simple numbers.
Present value of defined benefit obligations must then be 1,200.
A file that reports 1,200 passes. One that reports 1,300 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}.
{F_44.02,r0120,c0010,} = {F_44.01,r0070,c0010,}Other rules on F 44.01
Every FINREP 9 rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.