The rule in plain words
For memorandum items: RWEA related to the impact of application of certain transitional provisions: total exposures cannot be less than additional stricter prudential requirements based on Article 124 of Regulation (EU) No 575/2013.
All the values are in the exposures secured by mortgages on residential property between 55% and 80% of the property value column (0100) of C 10.00.
EBA writes it out ten times. These words are for the first; the others are the same rule on other cells.
The template it checks
Credit and counterparty credit risks and free deliveries: IRB exposures subject to output floor (C 10.00)
Rows
- 0010TOTAL EXPOSURES
- 0020Of which: Additional stricter prudential requirements based on Article 124 of Regulation (EU) No 575/2013
Column
- 0100EXPOSURES SECURED BY MORTGAGES ON RESIDENTIAL PROPERTY BETWEEN 55% AND 80% OF THE PROPERTY VALUE
Show the rule as writtenShowHide
EBA's formula, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{C_10.00,r0010,c0100,} >= {C_10.00,r0020,c0100,}And 9 more, the same formula for the other cells it covers.
Other rules on C 10.00
- Retail cannot be less than qualifying revolving (v23052_m)Warning
- Retail cannot be less than purchased receivables (row 0130, v23054_m)Warning
- Memorandum items: RWEA related to the impact of application of certain transitional provisions: a lower-limit check on credit and counterparty credit risks and free deliveries (v23055_m)Warning
- Exposure value: a lower-limit check on credit and counterparty credit risks and free deliveries (v23056_m)Warning
- S-TREA: a lower-limit check on credit and counterparty credit risks and free deliveries (v23057_m)Warning
- Corporates, other cannot be less than exposures to unrated corporates with a PD estimate (v23058_m)Warning
- Exposure value cannot be less than exposure value arising from counterparty credit risk (v23059_m)Warning
- Exposure net of value adjustments and provisions must equal the sum of its two parts (v22991_m)Warning
Every COREP own funds rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.
