The rule in plain words
For general risk, net positions: total must equal these 24 added up:
- Albania
- Bulgaria
- Other
- Czech Republic
- Denmark
- Hungary
- Japan
- Macedonia
- Norway
- Poland
- Romania
- Russian Federation
- Serbia
- Sweden
- Switzerland
- Turkey
- Ukraine
- United Kingdom
- Usa
- Croatia
- Egypt
- Iceland
- Liechtenstein
- Euro area
EBA checks it for two columns: long and short. And for four rows: general risk, exchange traded stock-index futures broadly diversified subject to particular approach, other equities than exchange traded stock-index futures broadly diversified and specific risk. 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.
Short: Other equities than exchange traded stock-index futures broadly diversified, Total = Other equities than exchange traded stock-index futures broadly diversified, Albania + Other equities than exchange traded stock-index futures broadly diversified, Bulgaria + Other equities than exchange traded stock-index futures broadly diversified, Other + Other equities than exchange traded stock-index futures broadly diversified, Czech Republic + Other equities than exchange traded stock-index futures broadly diversified, Denmark + Other equities than exchange traded stock-index futures broadly diversified, Hungary + Other equities than exchange traded stock-index futures broadly diversified, Japan + Other equities than exchange traded stock-index futures broadly diversified, Macedonia + Other equities than exchange traded stock-index futures broadly diversified, Norway + Other equities than exchange traded stock-index futures broadly diversified, Poland + Other equities than exchange traded stock-index futures broadly diversified, Romania + Other equities than exchange traded stock-index futures broadly diversified, Russian Federation + Other equities than exchange traded stock-index futures broadly diversified, Serbia + Other equities than exchange traded stock-index futures broadly diversified, Sweden + Other equities than exchange traded stock-index futures broadly diversified, Switzerland + Other equities than exchange traded stock-index futures broadly diversified, Turkey + Other equities than exchange traded stock-index futures broadly diversified, Ukraine + Other equities than exchange traded stock-index futures broadly diversified, United Kingdom + Other equities than exchange traded stock-index futures broadly diversified, USA + Other equities than exchange traded stock-index futures broadly diversified, Croatia + Other equities than exchange traded stock-index futures broadly diversified, Egypt + Other equities than exchange traded stock-index futures broadly diversified, Iceland + Other equities than exchange traded stock-index futures broadly diversified, Liechtenstein + Other equities than exchange traded stock-index futures broadly diversified, Euro Area
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 cell, 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 21.00 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
Market risk: standardised approach for position risk in equities (C 21.00)
Rows
- 0020General risk
- 0030Exchange traded stock-index futures broadly diversified subject to particular approach
- 0040Other equities than exchange traded stock-index futures broadly diversified
- 0050Specific risk
Columns
- 0030Long
- 0040Short
Sheets
- 0001Total
- 0004Bulgaria
- 0006Czech Republic
- 0007Denmark
- 0013Hungary
- 0021Poland
- 0023Romania
- 0027Sweden
- 0028United Kingdom
- 0029Albania
- 0030Japan
- 0031Macedonia
- 0032Russian Federation
- 0033Serbia
- 0034Switzerland
- 0035Turkey
- 0036Ukraine
- 0037USA
- 0038Norway
- 0039Egypt
- 0040Iceland
- 0041Liechtenstein
- 0042Other
- 0043Croatia
- 0044Euro Area
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_21.00,r0040,c0040,s0001} = {C_21.00,r0040,c0040,s0029} + {C_21.00,r0040,c0040,s0004} + {C_21.00,r0040,c0040,s0042} + {C_21.00,r0040,c0040,s0006} + {C_21.00,r0040,c0040,s0007} + {C_21.00,r0040,c0040,s0013} + {C_21.00,r0040,c0040,s0030} + {C_21.00,r0040,c0040,s0031} + {C_21.00,r0040,c0040,s0038} + {C_21.00,r0040,c0040,s0021} + {C_21.00,r0040,c0040,s0023} + {C_21.00,r0040,c0040,s0032} + {C_21.00,r0040,c0040,s0033} + {C_21.00,r0040,c0040,s0027} + {C_21.00,r0040,c0040,s0034} + {C_21.00,r0040,c0040,s0035} + {C_21.00,r0040,c0040,s0036} + {C_21.00,r0040,c0040,s0028} + {C_21.00,r0040,c0040,s0037} + {C_21.00,r0040,c0040,s0043} + {C_21.00,r0040,c0040,s0039} + {C_21.00,r0040,c0040,s0040} + {C_21.00,r0040,c0040,s0041} + {C_21.00,r0040,c0040,s0044}The next five:
{C_21.00,r0030,c0040,s0001} = {C_21.00,r0030,c0040,s0029} + {C_21.00,r0030,c0040,s0004} + {C_21.00,r0030,c0040,s0042} + {C_21.00,r0030,c0040,s0006} + {C_21.00,r0030,c0040,s0007} + {C_21.00,r0030,c0040,s0013} + {C_21.00,r0030,c0040,s0030} + {C_21.00,r0030,c0040,s0031} + {C_21.00,r0030,c0040,s0038} + {C_21.00,r0030,c0040,s0021} + {C_21.00,r0030,c0040,s0023} + {C_21.00,r0030,c0040,s0032} + {C_21.00,r0030,c0040,s0033} + {C_21.00,r0030,c0040,s0027} + {C_21.00,r0030,c0040,s0034} + {C_21.00,r0030,c0040,s0035} + {C_21.00,r0030,c0040,s0036} + {C_21.00,r0030,c0040,s0028} + {C_21.00,r0030,c0040,s0037} + {C_21.00,r0030,c0040,s0043} + {C_21.00,r0030,c0040,s0039} + {C_21.00,r0030,c0040,s0040} + {C_21.00,r0030,c0040,s0041} + {C_21.00,r0030,c0040,s0044}{C_21.00,r0020,c0030,s0001} = {C_21.00,r0020,c0030,s0029} + {C_21.00,r0020,c0030,s0004} + {C_21.00,r0020,c0030,s0042} + {C_21.00,r0020,c0030,s0006} + {C_21.00,r0020,c0030,s0007} + {C_21.00,r0020,c0030,s0013} + {C_21.00,r0020,c0030,s0030} + {C_21.00,r0020,c0030,s0031} + {C_21.00,r0020,c0030,s0038} + {C_21.00,r0020,c0030,s0021} + {C_21.00,r0020,c0030,s0023} + {C_21.00,r0020,c0030,s0032} + {C_21.00,r0020,c0030,s0033} + {C_21.00,r0020,c0030,s0027} + {C_21.00,r0020,c0030,s0034} + {C_21.00,r0020,c0030,s0035} + {C_21.00,r0020,c0030,s0036} + {C_21.00,r0020,c0030,s0028} + {C_21.00,r0020,c0030,s0037} + {C_21.00,r0020,c0030,s0043} + {C_21.00,r0020,c0030,s0039} + {C_21.00,r0020,c0030,s0040} + {C_21.00,r0020,c0030,s0041} + {C_21.00,r0020,c0030,s0044}{C_21.00,r0050,c0030,s0001} = {C_21.00,r0050,c0030,s0029} + {C_21.00,r0050,c0030,s0004} + {C_21.00,r0050,c0030,s0042} + {C_21.00,r0050,c0030,s0006} + {C_21.00,r0050,c0030,s0007} + {C_21.00,r0050,c0030,s0013} + {C_21.00,r0050,c0030,s0030} + {C_21.00,r0050,c0030,s0031} + {C_21.00,r0050,c0030,s0038} + {C_21.00,r0050,c0030,s0021} + {C_21.00,r0050,c0030,s0023} + {C_21.00,r0050,c0030,s0032} + {C_21.00,r0050,c0030,s0033} + {C_21.00,r0050,c0030,s0027} + {C_21.00,r0050,c0030,s0034} + {C_21.00,r0050,c0030,s0035} + {C_21.00,r0050,c0030,s0036} + {C_21.00,r0050,c0030,s0028} + {C_21.00,r0050,c0030,s0037} + {C_21.00,r0050,c0030,s0043} + {C_21.00,r0050,c0030,s0039} + {C_21.00,r0050,c0030,s0040} + {C_21.00,r0050,c0030,s0041} + {C_21.00,r0050,c0030,s0044}{C_21.00,r0050,c0040,s0001} = {C_21.00,r0050,c0040,s0029} + {C_21.00,r0050,c0040,s0004} + {C_21.00,r0050,c0040,s0042} + {C_21.00,r0050,c0040,s0006} + {C_21.00,r0050,c0040,s0007} + {C_21.00,r0050,c0040,s0013} + {C_21.00,r0050,c0040,s0030} + {C_21.00,r0050,c0040,s0031} + {C_21.00,r0050,c0040,s0038} + {C_21.00,r0050,c0040,s0021} + {C_21.00,r0050,c0040,s0023} + {C_21.00,r0050,c0040,s0032} + {C_21.00,r0050,c0040,s0033} + {C_21.00,r0050,c0040,s0027} + {C_21.00,r0050,c0040,s0034} + {C_21.00,r0050,c0040,s0035} + {C_21.00,r0050,c0040,s0036} + {C_21.00,r0050,c0040,s0028} + {C_21.00,r0050,c0040,s0037} + {C_21.00,r0050,c0040,s0043} + {C_21.00,r0050,c0040,s0039} + {C_21.00,r0050,c0040,s0040} + {C_21.00,r0050,c0040,s0041} + {C_21.00,r0050,c0040,s0044}{C_21.00,r0040,c0030,s0001} = {C_21.00,r0040,c0030,s0029} + {C_21.00,r0040,c0030,s0004} + {C_21.00,r0040,c0030,s0042} + {C_21.00,r0040,c0030,s0006} + {C_21.00,r0040,c0030,s0007} + {C_21.00,r0040,c0030,s0013} + {C_21.00,r0040,c0030,s0030} + {C_21.00,r0040,c0030,s0031} + {C_21.00,r0040,c0030,s0038} + {C_21.00,r0040,c0030,s0021} + {C_21.00,r0040,c0030,s0023} + {C_21.00,r0040,c0030,s0032} + {C_21.00,r0040,c0030,s0033} + {C_21.00,r0040,c0030,s0027} + {C_21.00,r0040,c0030,s0034} + {C_21.00,r0040,c0030,s0035} + {C_21.00,r0040,c0030,s0036} + {C_21.00,r0040,c0030,s0028} + {C_21.00,r0040,c0030,s0037} + {C_21.00,r0040,c0030,s0043} + {C_21.00,r0040,c0030,s0039} + {C_21.00,r0040,c0030,s0040} + {C_21.00,r0040,c0030,s0041} + {C_21.00,r0040,c0030,s0044}And 2 more, the same formula for the other cells it covers.
Other rules on C 21.00
- General risk, all positions: total must equal the sum of its 24 parts (v23615_m)Warning
- Total must equal the sum of its 24 parts (row 0020, v23617_m)Warning
- Total must equal the sum of its 24 parts (row 0090, v23614_m)Warning
- Total must equal the sum of its 24 parts (row 0010, v23613_m)Warning
- General risk cannot be less than derivatives plus other assets and liabilities (v23333_m)Warning
- Total must equal the sum of its 24 parts (row 0010, v6020_m)Warning
- Positions subject to capital charge cannot be negative (v3782_s)Warning
- None of the 200 values it checks in market risk: standardised approach for position risk in equities can be negative (v3781_s)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.
