The rule in plain words
Over-the-Counter cannot be more than derivatives.
All the values are in the additional amount of encumbered assets column (0020) of F 34.00.b.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Additional amount of encumbered assets: Of which: Over-The-Counter <= Derivatives
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Compare the values in your file. If the first is bigger than it may be, one of them is wrong: check both before you change either.
- 03EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark F 34.00 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
Asset encumbrance: contingent encumbrance (b) (F 34.00.b)
Rows
- 0020Derivatives
- 0030Of which: Over-The-Counter
Column
- 0020Additional amount of encumbered assets
A worked example
The first of its checks, with simple numbers.
Derivatives must then be at least 1,200.
A file that reports 1,200 passes. One that reports 1,100 fails, by 100.
The numbers are illustrative, reported to the unit, so the rounding tolerance does not change the result.
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{F_34.00.b,r0030,c0020,} <= {F_34.00.b,r0020,c0020,}Other rules on F 34.00.b
- Central banks cannot be more than repurchase agreements (v2882_m)Warning
- Central banks cannot be more than collateralised deposits other than repurchase agreements (v2883_m)Warning
- Covered bonds issued cannot be more than debt securities issued (v2884_m)Warning
- Securitisations issued cannot be more than debt securities issued (v2885_m)Warning
- Deposits must equal the sum of its two parts (v2886_m)Warning
- Carrying amount of selected financial liabilities must equal the sum of its three parts (v2887_m)Warning
- Additional amount of encumbered assets cannot be negative (v4377_s)Warning
- Total sources of encumbrance must equal the sum of its two parts (v23833_h)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.