The rule in plain words
Total original exposure must equal these 13 added up:
- Financial guarantees (column 170)
- Equity instruments, direct exposures
- Debt instruments, direct exposures
- Other commitments (column 180)
- Loan commitments (column 100)
- Derivatives, indirect exposures
- Debt instruments, indirect exposures
- Financial guarantees (column 110)
- Derivatives, direct exposures
- Equity instruments, indirect exposures
- Additional exposures arising from transactions where there is an exposure to underlying assets
- Loan commitments (column 160)
- Other commitments (column 120)
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Total original exposure = Off balance sheet items, financial guarantees (column 170) + Direct exposures, equity instruments + Direct exposures, debt instruments + Off balance sheet items, other commitments (column 180) + Off balance sheet items, loan commitments (column 100) + Indirect exposures, derivatives + Indirect exposures, debt instruments + Off balance sheet items, financial guarantees (column 110) + Direct exposures, derivatives + Indirect exposures, equity instruments + Additional exposures arising from transactions where there is an exposure to underlying assets + Off balance sheet items, loan commitments (column 160) + Off balance sheet items, other commitments (column 120)
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- 03If they differ, a part is missing, a value sits in the wrong column, or the total is out of date.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 C 29.00 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
Detail of the exposures to individual clients within groups of connected clients (C 29.00)
Columns
- 050Total original exposure
- 070Debt instruments
- 080Equity instruments
- 090Derivatives
- 100Loan commitments
- 110Financial guarantees
- 120Other commitments
- 130Debt instruments
- 140Equity instruments
- 150Derivatives
- 160Loan commitments
- 170Financial guarantees
- 180Other commitments
- 190Additional exposures arising from transactions where there is an exposure to underlying assets
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{C_29.00,,c050,} = sum({C_29.00,,c170,},{C_29.00,,c080,},{C_29.00,,c070,},{C_29.00,,c180,},{C_29.00,,c100,},{C_29.00,,c150,},{C_29.00,,c130,},{C_29.00,,c110,},{C_29.00,,c090,},{C_29.00,,c140,},{C_29.00,,c190,},{C_29.00,,c160,},{C_29.00,,c120,})Other rules on C 29.00
- Total original exposure cannot be less than the absolute value of value adjustments and provisions plus exposures deducted from CET 1 or additional Tier 1 items (v1678_m)Warning
- Total original exposure cannot be less than defaulted original exposure (v1679_m)Warning
- Total must equal the sum of its three parts (v1680_m)Warning
- Total cannot be less than the absolute value of a sum of nine columns (v1681_m)Warning
- Exposure value before application of exemptions and CRM: total cannot be less than non-trading book (v1682_m)Warning
- Total, exposure value after application of exemptions and CRM must equal the sum of its ten parts (v1683_m)Warning
- Exposure value after application of exemptions and CRM: total cannot be less than non-trading book (v1684_m)Warning
- Each of the eleven values it checks in detail of the exposures to individual clients within groups of connected clients cannot be more than zero (v2059_s)Warning
Every COREP LE rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.