The rule in plain words

For transferred assets: non-trading financial assets mandatorily at fair value through profit or loss must equal these three added up:

Equity instruments
Debt securities
Loans and advances

EBA checks it for five columns: carrying amount, securitizations, repurchase agreements, principal amount outstanding of the original assets and carrying amount of assets still recognised [continuing involvement]. That makes five checks. A failure names the one that failed.

How the Line4 Check report words itShow

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.

Of which: securitizations: Non-trading financial assets mandatorily at fair value through profit or loss = Equity instruments + Debt securities + Loans and advances

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03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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 F 15.00 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

Derecognition and financial liabilities associated with transferred financial assets: equity instruments, debt securities, loans and advances (F 15.00.a)

Rows

0045Non-trading financial assets mandatorily at fair value through profit or loss
0046Equity instruments
0047Debt securities
0048Loans and advances

Columns

0010Carrying amount
0020Of which: securitizations
0030Of which: repurchase agreements
0070Principal amount outstanding of the original assets
0080Carrying amount of assets still recognised [continuing involvement]

A worked example

The first of its checks, with simple numbers.

Illustrative values

Equity instruments1,200

Debt securities800

Loans and advances450

Together2,450

What the rule then expects

Non-trading financial assets mandatorily at fair value through profit or loss must then be 2,450.

2,450Passes

2,550Fails

A file that reports 2,450 passes. One that reports 2,550 fails, by 100.

The numbers are illustrative, reported to the unit, so the rounding tolerance does not change the result.

Show the rule as writtenShow

EBA's formula, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.

{F_15.00.a,r0045,c0020,} = {F_15.00.a,r0046,c0020,} + {F_15.00.a,r0047,c0020,} + {F_15.00.a,r0048,c0020,}

The next four:

{F_15.00.a,r0045,c0010,} = {F_15.00.a,r0046,c0010,} + {F_15.00.a,r0047,c0010,} + {F_15.00.a,r0048,c0010,}{F_15.00.a,r0045,c0030,} = {F_15.00.a,r0046,c0030,} + {F_15.00.a,r0047,c0030,} + {F_15.00.a,r0048,c0030,}{F_15.00.a,r0045,c0080,} = {F_15.00.a,r0046,c0080,} + {F_15.00.a,r0047,c0080,} + {F_15.00.a,r0048,c0080,}{F_15.00.a,r0045,c0070,} = {F_15.00.a,r0046,c0070,} + {F_15.00.a,r0047,c0070,} + {F_15.00.a,r0048,c0070,}

Every FINREP 9 rule, by template

Checks like this one, run at the point of submission, are the first step to real-time supervision.

Transferred assets: non-trading financial assets mandatorily at fair value through profit or loss must equal the sum of its three parts (F 15.00.a, EBA rule v23891_h)

The rule in plain words

What to do if your filing fails it

The cells it reads

A worked example

Other rules on F 15.00.a