The rule in plain words
Total, exposure value after application of exemptions and CRM must equal these ten added up:
- Total, exposure value before application of exemptions and CRM
- (-) 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.
Exposure value after application of exemptions and CRM, total = Exposure value before application of exemptions and CRM, total + (-) 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.
- 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- 03If they differ, a part is missing, a value sits in the wrong column, or the total is out of date.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
- 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
- 340Total
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{C_29.00,,c340,} = {C_29.00,,c220,} + {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
- Exposure value before application of exemptions and CRM: total cannot be less than non-trading book (v1682_m)Warning
- Exposure value after application of exemptions and CRM: total cannot be less than non-trading book (v1684_m)Warning
- Total cannot be less than the absolute value of a sum of nine columns (v1681_m)Warning
- Total must equal the sum of its three parts (v1680_m)Warning
- Total original exposure cannot be less than defaulted original exposure (v1679_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
- 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.