The rule in plain words
International organisations, (-) value adjustments and provisions associated with the original exposure cannot be more than zero.
EBA writes it out 40 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)
Row
- 0080International Organisations
Column
- 0020(-) VALUE ADJUSTMENTS AND PROVISIONS ASSOCIATED WITH THE ORIGINAL EXPOSURE
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,r0080,c0020,} <= 0And 39 more, the same formula for the other cells it covers.
Other rules on C 10.00
- None of the 400 values it checks in credit and counterparty credit risks and free deliveries can be negative (v23707_s)Warning
- With a credit assessment by a nominated ECAI cannot be negative (v23708_s)Warning
- SA exposure classes excluding securitisation positions secured by mortgages on immovable property and ADC exposures must equal the sum of its eleven parts (v23966_h)Warning
- Exposure value cannot be less than exposure value arising from counterparty credit risk (v23059_m)Warning
- Corporates, other cannot be less than exposures to unrated corporates with a PD estimate (v23058_m)Warning
- S-TREA: a lower-limit check on credit and counterparty credit risks and free deliveries (v23057_m)Warning
- Exposure value: a lower-limit check on credit and counterparty credit risks and free deliveries (v23056_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
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.