The rule in plain words
Total inflows from collateral swaps, subject to the 90% cap on inflows must equal total collateral swaps (counterparty is central bank), inflows subject to the 90% cap on inflows plus total collateral swaps (counterparty is non-central bank), inflows subject to the 90% cap on inflows.
The headline gives only the kind of check and the template, because the rule is too long to say in a headline. The plain words above say all of it.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
C_74.00.W: Total inflows from collateral swaps, Subject to the 90% cap on inflows = C_75.01.W: TOTAL COLLATERAL SWAPS (counterparty is central bank), Inflows subject to the 90% cap on inflows + C_75.01.W: TOTAL COLLATERAL SWAPS (counterparty is non-central bank), Inflows subject to the 90% cap on inflows
What to do if your filing fails it
- 01Open the templates below and find the cells the rule reads.
- 02Work out both sides from your file, as the rule in plain words sets out, and compare them.
- 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 74.00 and C 75.01 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
Liquidity coverage, inflows, significant currencies (DA) (C 74.00.w)
Row
- 0410Total inflows from collateral swaps
Column
- 0150Subject to the 90% cap on inflows
Liquidity coverage, collateral swaps, significant currencies (DA) (C 75.01.w)
Rows
- 0010TOTAL COLLATERAL SWAPS (counterparty is central bank)
- 1370TOTAL COLLATERAL SWAPS (counterparty is non-central bank)
Column
- 0090Inflows subject to the 90% cap on inflows
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{C_74.00.w,r0410,c0150,} = ({C_75.01.w,r0010,c0090,} + {C_75.01.w,r1370,c0090,})Other rules on C 74.00.w
- A calculation check across liquidity coverage (C 75.01.w, row 0410, v11881_m)Warning
- A calculation check across liquidity coverage (C 75.01.w, row 0410, v11885_m)Warning
- Exempted from the cap on inflows: if amount is zero or more, applicable weight cannot be negative (v10722_m)Warning
- Subject to the 90% cap on inflows: if amount is zero or more, applicable weight cannot be negative (v10720_m)Warning
- Counterparty is non-central bank must equal the sum of its three parts (v10631_m)Warning
- Counterparty is central bank must equal the sum of its three parts (v10630_m)Warning
- Counterparty is non-central bank: collateral that qualifies as a liquid asset must equal the sum of its seven parts (v8788_m)Warning
- None of the 54 values it checks in liquidity coverage can be negative (v7771_s)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.