The rule in plain words
For collateral swaps: collateral outflows maturing within the next 5 working days cannot be less than extremely high quality covered bonds.
All the values are in the amount or market value column (0010) of Q 03.01.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Collateral outflows maturing within the next 5 working days >= of which: Extremely high quality covered bonds
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Compare the values in your file. If the first is smaller 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 Q 03.01 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
S_03.01: composition of the reserve of assets by type of assets and maturities (Q 03.01)
Rows
- 0340Collateral outflows maturing within the next 5 working days
- 0350of which: Extremely high quality covered bonds
Column
- 0010Amount/Market value
A worked example
The first of its checks, with simple numbers.
Extremely high quality covered bonds can then be at most 1,200.
A file that reports 1,200 passes. One that reports 1,300 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}.
{Q_03.01,r0340,c0010,} >= {Q_03.01,r0350,c0010,}Other rules on Q 03.01
- Repos: collateral inflows maturing within the next 5 working days cannot be less than extremely high quality covered bonds (v22931_m)Warning
- Collateral swaps: collateral inflows maturing within the next 5 working days cannot be less than extremely high quality covered bonds (v22933_m)Warning
- Reverse repos: collateral outflows maturing within the next 5 working days cannot be less than extremely high quality covered bonds (v22930_m)Warning
- Other highly liquid financial instruments, used as assets referenced cannot be less than crypto assets (v22929_m)Warning
- Commodities cannot be less than the sum of seven rows (v22928_m)Warning
- Unadjusted reserve of assets must equal the sum of its 13 parts (v22927_m)Warning
- Amount or market value cannot be negative (v23219_s)Warning
- Reserve of assets must equal unadjusted reserve of assets plus adjustments (v89184_m)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.