The rule in plain words
For debt securities issued: at amortized cost cannot be more than carrying amount.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
F_08.02: Debt securities issued, At amortized cost <= F_01.02: Debt securities issued
What to do if your filing fails it
- 01Open the templates below and find the cells the rule reads.
- 02Compare the values in your file. If the first is bigger 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 F 01.02 and F 08.02 as reported.
- 05This is a blocking check. A filing that fails it is normally rejected, so fix it before you submit.
The cells it reads
Balance sheet statement: liabilities (F 01.02)
Row
- 0130Debt securities issued
Column
- 0010Carrying amount
Subordinated liabilities (F 08.02)
Row
- 0020Debt securities issued
Column
- 0020At amortized cost
A worked example
The first of its checks, with simple numbers.
Debt securities issued, carrying amount must then be at least 1,200.
A file that reports 1,200 passes. One that reports 1,100 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. Cells are written as {template, row, column, sheet}.
{F_08.02,r0020,c0020,} <= {F_01.02,r0130,c0010,}Other rules on F 01.02
- Deposits, at amortized cost cannot be more than deposits, carrying amount (v1307_m)Blocking
- Subordinated financial liabilities, at amortized cost cannot be more than financial liabilities measured at amortised cost, carrying amount (v1309_m)Blocking
- Subordinated financial liabilities cannot be more than financial liabilities designated at fair value through profit or loss (v1306_m)Blocking
- Deposits, at a cost-based method cannot be more than deposits, carrying amount (v1310_m)Blocking
- Debt securities issued in F 08.02 cannot be more than debt securities issued in F 01.02 (v1305_m)Blocking
- Debt securities issued: at a cost-based method cannot be more than carrying amount (v1311_m)Blocking
- Deposits in F 08.02 cannot be more than deposits in F 01.02 (v1304_m)Blocking
- Subordinated financial liabilities, at a cost-based method cannot be more than non-trading non-derivative financial liabilities measured at a cost-based method, carrying amount (v1312_m)Blocking
Every FINREP 9 rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.