The rule in plain words

For severance payments awarded in previous periods: if that have been paid out during the financial year - number of identified staff is more than zero, that have been paid out during the financial year - total amount must be more than zero.

EBA checks it for four columns: MB supervisory function, MB management function, other senior management and other identified staff. That makes four checks. A failure names the one that failed.

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 itShow

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.

Other senior management: If Severance payments awarded in previous periods, that have been paid out during the financial year - Number of identified staff > 0, then Severance payments awarded in previous periods, that have been paid out during the financial year - Total amount > 0

What to do if your filing fails it

01Open the template below and find the cells the rule reads.
02The check applies only when its first part holds in your file. When it does, the second part must hold too: fix the second part, or correct the first.
03EBA allows a small rounding difference, worked out from the decimals each value is reported with.
04It runs only when your filing indicators mark R 10.00 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

Special payments to staff whose professional activities have a material impact on institutions’ risk profile (identified staff) (R 10.00)

Rows

0040Severance payments awarded in previous periods, that have been paid out during the financial year - Number of identified staff
0050Severance payments awarded in previous periods, that have been paid out during the financial year - Total amount

Columns

0010MB Supervisory function
0020MB Management function
0030Other senior management
0040Other identified staff

Show the rule as writtenShow

EBA's formula, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.

if ({R_10.00,r0040,c0030,} > 0) then ({R_10.00,r0050,c0030,} > 0) else True

The next three:

if ({R_10.00,r0040,c0010,} > 0) then ({R_10.00,r0050,c0010,} > 0) else Trueif ({R_10.00,r0040,c0040,} > 0) then ({R_10.00,r0050,c0040,} > 0) else Trueif ({R_10.00,r0040,c0020,} > 0) then ({R_10.00,r0050,c0020,} > 0) else True

Every REM benchmarking rule, by template

Checks like this one, run at the point of submission, are the first step to real-time supervision.

A conditional check on special payments to staff whose professional activities have a material impact on institutions’ risk profile (identified staff) (R 10.00, row 0040, EBA rule v12580_m)

The rule in plain words

What to do if your filing fails it

The cells it reads

Other rules on R 10.00