The rule in plain words
Designated at fair value through profit or loss cannot be negative.
EBA checks it for 40 rows, from deposits (0050) to other financial liabilities (0440). That makes 40 checks. A failure names the one that failed.
How the Line4 Check report words itShowHide
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.
Designated at fair value through profit or loss: Current accounts / overnight deposits >= 0
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Look for a value with the wrong sign in these cells, such as an amount entered as a negative number.
- 03EBA compares the values exactly here: there is no rounding tolerance.
- 04It runs only when your filing indicators mark F 08.01 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
Breakdown of financial liabilities by product and by counterparty (a) (F 08.01.a)
Rows
- 0050Deposits
- 0060Central banks
- 0070Current accounts / overnight deposits
- 0080Deposits with agreed maturity
- 0090Deposits redeemable at notice
- 0100Repurchase agreements
- 0110General governments
- 0120Current accounts / overnight deposits
- 0130Deposits with agreed maturity
- 0140Deposits redeemable at notice
- 0150Repurchase agreements
- 0160Credit institutions
- 0170Current accounts / overnight deposits
- 0180Deposits with agreed maturity
- 0190Deposits redeemable at notice
- 0200Repurchase agreements
- 0210Other financial corporations
- 0220Current accounts / overnight deposits
- 0230Deposits with agreed maturity
- 0240Deposits redeemable at notice
- 0250Repurchase agreements
- 0260Non-financial corporations
- 0270Current accounts / overnight deposits
- 0280Deposits with agreed maturity
- 0290Deposits redeemable at notice
- 0300Repurchase agreements
- 0310Households
- 0320Current accounts / overnight deposits
- 0330Deposits with agreed maturity
- 0340Deposits redeemable at notice
- 0350Repurchase agreements
- 0360Debt securities issued
- 0370Certificates of deposits
- 0380Asset-backed securities
- 0390Covered bonds
- 0400Hybrid contracts
- 0410Other debt securities issued
- 0420Convertible compound financial instruments
- 0430Non-convertible
- 0440Other financial liabilities
Column
- 0020Designated at fair value through profit or loss
A worked example
The first of its checks, with simple numbers.
Current accounts / overnight deposits, designated at fair value through profit or loss must then be at least 0.
A file that reports 0 passes. One that reports -100 fails, by 100.
The numbers are illustrative.
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}.
{F_08.01.a,r0270,c0020,} >= 0The next five:
{F_08.01.a,r0380,c0020,} >= 0{F_08.01.a,r0130,c0020,} >= 0{F_08.01.a,r0300,c0020,} >= 0{F_08.01.a,r0320,c0020,} >= 0{F_08.01.a,r0070,c0020,} >= 0And 34 more, the same formula for the other cells it covers.
Other rules on F 08.01.a
- None of the 88 values it checks in breakdown of financial liabilities can be negative (v3924_s)Warning
- Debt securities issued must equal the sum of its five parts (v2277_m)Warning
- Other debt securities issued must equal the sum of its two parts (v1948_m)Warning
- Households must equal the sum of its four parts (v1947_m)Blocking
- Non-financial corporations must equal the sum of its four parts (v1946_m)Blocking
- Other financial corporations must equal the sum of its four parts (v1945_m)Blocking
- Credit institutions must equal the sum of its four parts (v1944_m)Blocking
- General governments must equal the sum of its four parts (v1943_m)Blocking
Every FINREP 9 rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.