The rule in plain words
Unsecured wholesale funding cannot be less than senior unsecured securities.
EBA checks it for nine columns, from volume (0020) to volume (0180). That makes nine checks. A failure names the one that failed.
How the Line4 Check report words itShowHide
The first of its checks, word for word as the report shows it when it fails. The others read the same, with their own column, row or sheet.
Volume: Unsecured wholesale funding >= of which: Senior unsecured securities
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Compare the values in your file. If the first is smaller than it may be, one of them is wrong: check both before you change either.
- 03EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark C 69.00 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
Prices for various lengths of funding, significant currencies (C 69.00.w)
Rows
- 0030Unsecured wholesale funding
- 0035of which: Senior unsecured securities
Columns
- 0020Volume
- 0040Volume
- 0060Volume
- 0080Volume
- 0100Volume
- 0120Volume
- 0140Volume
- 0160Volume
- 0180Volume
A worked example
The first of its checks, with simple numbers.
Senior unsecured securities can then be at most 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, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{C_69.00.w,r0030,c0100,} >= {C_69.00.w,r0035,c0100,}The next five:
{C_69.00.w,r0030,c0080,} >= {C_69.00.w,r0035,c0080,}{C_69.00.w,r0030,c0140,} >= {C_69.00.w,r0035,c0140,}{C_69.00.w,r0030,c0160,} >= {C_69.00.w,r0035,c0160,}{C_69.00.w,r0030,c0040,} >= {C_69.00.w,r0035,c0040,}{C_69.00.w,r0030,c0180,} >= {C_69.00.w,r0035,c0180,}And 3 more, the same formula for the other cells it covers.
Other rules on C 69.00.w
- Total funding must equal the sum of its four parts (v11474_m)Warning
- Total funding, 10 years: if volume is more than zero, spread must be reported (v10695_m)Warning
- Total funding, 5 years: if volume is more than zero, spread must be reported (v10694_m)Warning
- Total funding, 2 years: if volume is more than zero, spread must be reported (v10693_m)Warning
- Total funding, 1 year: if volume is more than zero, spread must be reported (v10692_m)Warning
- Total funding, 6 months: if volume is more than zero, spread must be reported (v10691_m)Warning
- Total funding, 3 months: if volume is more than zero, spread must be reported (v10690_m)Warning
- Unsecured wholesale funding: if volume is more than zero, spread must be reported (v10689_m)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.