The rule in plain words
Amount cannot be negative.
EBA checks it for eight rows: value of the token issued and size of the reserve of assets, each split into - at reference date, - maximum, - average and - minimum. That makes eight checks. A failure names the one that failed.
How the Line4 Check report words itShowHide
The first of its checks, word for word as the report shows it when it fails. The others read the same, with their own column, row or sheet.
Size of the reserve of assets - maximum >= 0
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Look for a value with the wrong sign in these cells, such as an amount entered as a negative number.
- 03EBA compares the values exactly here: there is no rounding tolerance.
- 04It runs only when your filing indicators mark Q 02.00 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
S_02.00: value of the token issued and the size of the reserve of assets (Q 02.00)
Rows
- 0010Value of the token issued - at reference date
- 0020Value of the token issued - maximum
- 0030Value of the token issued - average
- 0040Value of the token issued - minimum
- 0050Size of the reserve of assets - at reference date
- 0060Size of the reserve of assets - maximum
- 0070Size of the reserve of assets - average
- 0080Size of the reserve of assets - minimum
Column
- 0010Amount
A worked example
The first of its checks, with simple numbers.
Size of the reserve of assets - maximum must then be at least 0.
A file that reports 0 passes. One that reports -100 fails, by 100.
The numbers are illustrative.
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}.
{Q_02.00,r0060,c0010,} >= 0The next five:
{Q_02.00,r0020,c0010,} >= 0{Q_02.00,r0050,c0010,} >= 0{Q_02.00,r0080,c0010,} >= 0{Q_02.00,r0010,c0010,} >= 0{Q_02.00,r0030,c0010,} >= 0And 2 more, the same formula for the other cells it covers.
Other rules on Q 02.00
- Size of the reserve of assets: average cannot be less than minimum (v22926_m)Warning
- Size of the reserve of assets: maximum cannot be less than average (v22925_m)Warning
- Size of the reserve of assets: maximum cannot be less than minimum (v22924_m)Warning
- Value of the token issued, average cannot be less than value of the token issued, minimum (v22923_m)Warning
- Value of the token issued, maximum cannot be less than value of the token issued, average (v22922_m)Warning
- Value of the token issued, maximum cannot be less than value of the token issued, minimum (v22921_m)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.