The rule in plain words
For intragroup: liabilities excluded from bail-in must equal these eight added up:
- Covered deposits
- Secured liabilities - collateralized part
- Client liabilities, if protected in insolvency
- Fiduciary liabilities, if protected in insolvency
- System (operator) and CCP liabilities < 7 days
- Liabilities critical to operational daily functioning
- DGS liabilities
- Liabilities towards other entities of the resolution group
All the values are in the outstanding amount column (0100) of Z 02.00.a.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Outstanding Amount: Liabilities excluded from bail-in = Covered deposits + Secured liabilities - collateralized part + Client liabilities, if protected in insolvency + Fiduciary liabilities, if protected in insolvency + System (operator) and CCP liabilities < 7 days + Liabilities critical to operational daily functioning + DGS liabilities + Liabilities towards other entities of the resolution group
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- 03If they differ, a part is missing, a value sits in the wrong row, or the total is out of date.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 Z 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
Liability structure (LIAB) (Z 02.00.a)
Rows
- 0100Liabilities excluded from bail-in
- 0110Covered deposits
- 0120Secured liabilities - collateralized part
- 0130Client liabilities, if protected in insolvency
- 0140Fiduciary liabilities, if protected in insolvency
- 0161System (operator) and CCP liabilities < 7 days
- 0180Liabilities critical to operational daily functioning
- 0200DGS liabilities
- 0210Liabilities towards other entities of the resolution group
Column
- 0100Outstanding Amount
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{Z_02.00.a,r0100,c0100,} = {Z_02.00.a,r0110,c0100,} + {Z_02.00.a,r0120,c0100,} + {Z_02.00.a,r0130,c0100,} + {Z_02.00.a,r0140,c0100,} + {Z_02.00.a,r0161,c0100,} + {Z_02.00.a,r0180,c0100,} + {Z_02.00.a,r0200,c0100,} + {Z_02.00.a,r0210,c0100,}Other rules on Z 02.00.a
- Non-identified, listed on a trading venue: liabilities excluded from bail-in must equal the sum of its six parts (v11901_m)Blocking
- Total liabilities and own funds including derivative liabilities must equal the sum of its three parts (v7500_m)Warning
- Other MREL eligible liabilities must equal the sum of its two parts (v6510_m)Blocking
- Subordinated liabilities (not recognised as own funds) must equal the sum of its four parts (v6508_m)Blocking
- Senior non-preferred liabilities must equal the sum of its four parts (v6506_m)Blocking
- Senior unsecured liabilities must equal the sum of its four parts (v6504_m)Blocking
- Structured notes must equal the sum of its four parts (v6502_m)Blocking
- Uncollateralized secured liabilities must equal the sum of its four parts (v6500_m)Blocking
Every RESOL1 rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.