The rule in plain words
Total cannot be less than the absolute value of these nine worked out:
- (-) debt instruments
- (-) equity instruments
- (-) derivatives
- (-) loan commitments
- (-) financial guarantees
- (-) other commitments
- (-) funded credit protection other than substitution effect
- (-) Real estate
- (-) amounts exempted
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Total >= the absolute value of ((-) Debt instruments + (-) Equity instruments + (-) Derivatives + (-) Loan commitments + (-) Financial Guarantees + (-) Other commitments + (-) Funded credit protection other than substitution effect + (-) Real estate + (-) Amounts exempted)
What to do if your filing fails it
- 01Open the template 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 29.00 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
Detail of the exposures to individual clients within groups of connected clients (C 29.00)
Columns
- 220Total
- 250(-) Debt instruments
- 260(-) Equity instruments
- 270(-) Derivatives
- 280(-) Loan commitments
- 290(-) Financial Guarantees
- 300(-) Other commitments
- 310(-) Funded credit protection other than substitution effect
- 320(-) Real estate
- 330(-) Amounts exempted
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{C_29.00,,c220,} >= abs({C_29.00,,c250,} + {C_29.00,,c260,} + {C_29.00,,c270,} + {C_29.00,,c280,} + {C_29.00,,c290,} + {C_29.00,,c300,} + {C_29.00,,c310,} + {C_29.00,,c320,} + {C_29.00,,c330,})Other rules on C 29.00
- Total must equal the sum of its three parts (v1680_m)Warning
- Exposure value before application of exemptions and CRM: total cannot be less than non-trading book (v1682_m)Warning
- Total original exposure cannot be less than defaulted original exposure (v1679_m)Warning
- Total, exposure value after application of exemptions and CRM must equal the sum of its ten parts (v1683_m)Warning
- 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
- Exposure value after application of exemptions and CRM: total cannot be less than non-trading book (v1684_m)Warning
- Total original exposure must equal the sum of its 13 parts (v1677_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.