The rule in plain words
Total inflows from collateral swaps, exempted from the cap on inflows must equal total collateral swaps (counterparty is central bank), inflows exempted from the cap on inflows plus total collateral swaps (counterparty is non-central bank), inflows exempted from the 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, Exempted from the cap on inflows = C_75.01.W: TOTAL COLLATERAL SWAPS (counterparty is central bank), Inflows exempted from the cap on inflows + C_75.01.W: TOTAL COLLATERAL SWAPS (counterparty is non-central bank), Inflows exempted from the 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
- 0160Exempted from the 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
- 0100Inflows exempted from the cap on inflows
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{C_74.00.w,r0410,c0160,} = ({C_75.01.w,r0010,c0100,} + {C_75.01.w,r1370,c0100,})Other rules on C 74.00.w
- A calculation check across liquidity coverage (C 75.01.w, row 0410, v11883_m)Warning
- A calculation check across liquidity coverage (C 75.01.w, row 0410, v11881_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.