The rule in plain words
Severance payments awarded during the financial year - total amount must equal paid during the financial year plus deferred.
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.
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.
MB Management function: Severance payments awarded during the financial year - Total amount = Of which paid during the financial year + Of which deferred
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- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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 R 10.00 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
Rows
- 0070Severance payments awarded during the financial year - Total amount
- 0080Of which paid during the financial year
- 0090Of which deferred
Columns
- 0010MB Supervisory function
- 0020MB Management function
- 0030Other senior management
- 0040Other identified staff
A worked example
The first of its checks, with simple numbers.
Severance payments awarded during the financial year - total amount must then be 2,000.
A file that reports 2,000 passes. One that reports 2,100 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}.
{R_10.00,r0070,c0020,} = {R_10.00,r0080,c0020,} + {R_10.00,r0090,c0020,}The next three:
{R_10.00,r0070,c0010,} = {R_10.00,r0080,c0010,} + {R_10.00,r0090,c0010,}{R_10.00,r0070,c0040,} = {R_10.00,r0080,c0040,} + {R_10.00,r0090,c0040,}{R_10.00,r0070,c0030,} = {R_10.00,r0080,c0030,} + {R_10.00,r0090,c0030,}Other rules on R 10.00
- Severance payments awarded during the financial year: if total amount is more than zero, number of identified staff must be more than zero (v12583_m)Warning
- Severance payments paid during the financial year, that are not taken into account in the bonus cap cannot be more than paid during the financial year (v12585_m)Warning
- Severance payments awarded during the financial year: if number of identified staff is more than zero, total amount must be more than zero (v12582_m)Warning
- Highest payment that has been awarded to a single person cannot be more than severance payments awarded during the financial year, total amount (v12586_m)Warning
- A conditional check on special payments to staff whose professional activities have a material impact on institutions’ risk profile (identified staff) (row 0050, v12581_m)Warning
- Severance payments paid during the financial year, that are not taken into account in the bonus cap cannot be more than severance payments awarded during the financial year, total amount (v12587_m)Warning
- A conditional check on special payments to staff whose professional activities have a material impact on institutions’ risk profile (identified staff) (row 0040, v12580_m)Warning
- Guaranteed variable remuneration awards paid during the financial year, that are not taken into account in the bonus cap cannot be more than guaranteed variable remuneration awards -total amount (v12579_m)Warning
Every REM benchmarking rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.