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1 min readWarningEBA reporting framework 4.2Updated 10 November 2026

Own covered bonds and securitisations issued and not yet pledged must equal the sum of its two parts (F 32.03.b, EBA rule v2840_m)

A warning in the asset encumbrance return (AE), on template F 32.03.b, asset encumbrance: not pledged, own covered bonds and ABS issued and not yet pledged (b).

Check your file against this ruleWhat to do if it fails

The rule in plain words

Own covered bonds and securitisations issued and not yet pledged must equal retained covered bonds issued plus retained securitisations issued.

EBA checks it for four columns: fair value of debt securities issued available for encumbrance, central bank's eligible, notionally eligible EHQLA and HQLA, and nominal of own debt securities issued non available for encumbrance. That makes four 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.

Fair value of debt securities issued available for encumbrance: Own covered bonds and securitisations issued and not yet pledged = Retained covered bonds issued + Retained securitisations issued

What to do if your filing fails it

  1. 01Open the template below and find the cells the rule reads.
  2. 02Add up the parts in your file and compare the result with the total.
  3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
  4. 04EBA allows a small rounding difference, worked out from the decimals each value is reported with.
  5. 05It runs only when your filing indicators mark F 32.03 as reported.
  6. 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

Asset encumbrance: not pledged, own covered bonds and ABS issued and not yet pledged (b) (F 32.03.b)

Rows

  • 0010Own covered bonds and securitisations issued and not yet pledged
  • 0020Retained covered bonds issued
  • 0030Retained securitisations issued

Columns

  • 0020Fair value of debt securities issued available for encumbrance
  • 0030Of which: central bank's eligible
  • 0035Of which notionally eligible EHQLA and HQLA
  • 0040Nominal of own debt securities issued non available for encumbrance

A worked example

The first of its checks, with simple numbers.

Illustrative values
Retained covered bonds issued1,200
Retained securitisations issued800
Together2,000
What the rule then expects

Own covered bonds and securitisations issued and not yet pledged must then be 2,000.

2,000Passes
2,100Fails

A file that reports 2,000 passes. One that reports 2,100 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_32.03.b,r0010,c0020,} = sum({F_32.03.b,r0020,c0020,},{F_32.03.b,r0030,c0020,})

The next three:

{F_32.03.b,r0010,c0035,} = sum({F_32.03.b,r0020,c0035,},{F_32.03.b,r0030,c0035,}){F_32.03.b,r0010,c0040,} = sum({F_32.03.b,r0020,c0040,},{F_32.03.b,r0030,c0040,}){F_32.03.b,r0010,c0030,} = sum({F_32.03.b,r0020,c0030,},{F_32.03.b,r0030,c0030,})

Every AE rule, by template

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