The rule in plain words
Repurchase agreements. encumbered collateral received, own debt securities issued other than own covered bonds or securitisations cannot be more than repurchase agreements, own debt securities encumbered.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
F_36.02.A: Repurchase agreements. Encumbered collateral received, Own debt securities issued other than own covered bonds or securitisations <= F_32.04.B: Repurchase agreements, Of which: own debt securities encumbered
What to do if your filing fails it
- 01Open the templates 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 36.02 and F 32.04 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: sources of encumbrance (b) (F 32.04.b)
Row
- 0050Repurchase agreements
Column
- 0050Of which: own debt securities encumbered
Row
- 0070Repurchase agreements. Encumbered collateral received
Column
- 0180Own debt securities issued other than own covered bonds or securitisations
A worked example
The first of its checks, with simple numbers.
Repurchase agreements, own debt securities encumbered 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_36.02.a,r0070,c0180,} <= {F_32.04.b,r0050,c0050,}Other rules on F 32.04.b
- Derivatives, own debt securities encumbered must equal the sum of its two parts (v2941_m)Warning
- An upper-limit check across asset encumbrance and asset encumbrance: sources of encumbrance (F 36.02.a, v2940_m)Warning
- A calculation over four cells must equal derivatives, collateral received re-used (v2939_m)Warning
- A balancing check across asset encumbrance and asset encumbrance: sources of encumbrance (F 36.02.a, v2938_m)Warning
- Other sources of encumbrance, assets, collateral received and own debt securities issued other than covered bonds and securitisations encumbered must equal the sum of its two parts (v2937_m)Warning
- A balancing check across asset encumbrance and asset encumbrance: sources of encumbrance (F 36.01.a, F 36.02.a, row 0150, v2936_m)Warning
- Securitisations issued, assets, collateral received and own debt securities issued other than covered bonds and securitisations encumbered must equal the sum of its two parts (v2935_m)Warning
- Covered bonds issued, assets, collateral received and own debt securities issued other than covered bonds and securitisations encumbered must equal the sum of its two parts (v2934_m)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.