The rule in plain words
Total, principal amount outstanding of transferred financial assets entirely derecognised for which the institution retains servicing rights cannot be negative.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Principal amount outstanding of transferred financial assets entirely derecognised for which the institution retains servicing rights: Total >= 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 15.00 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
Row
- 0190Total
Column
- 0100Principal amount outstanding of transferred financial assets entirely derecognised for which the institution retains servicing rights
A worked example
The first of its checks, with simple numbers.
Total, principal amount outstanding of transferred financial assets entirely derecognised for which the institution retains servicing rights 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. Cells are written as {template, row, column, sheet}.
{F_15.00.a,r0190,c0100,} >= 0Other rules on F 15.00.a
- Amounts derecognised for capital purposes cannot be negative (v3945_s)Warning
- None of the 120 values it checks in derecognition and financial liabilities associated with transferred financial assets can be negative (v3947_s)Warning
- None of the 40 values it checks in derecognition and financial liabilities associated with transferred financial assets can be negative (v3944_s)Warning
- Transferred financial assets recognized to the extent of the institutions continuing involvement: non-trading financial assets mandatorily at fair value through profit or loss must equal the sum of its three parts (v5121_m)Warning
- Non-trading financial assets mandatorily at fair value through profit or loss must equal the sum of its two parts (v5122_m)Warning
- Total must equal the sum of its five parts (v1206_m)Warning
- Total must equal the sum of its ten parts (v1204_m)Warning
- Other non-trading non-derivative financial assets must equal the sum of its three parts (v1203_m)Warning
Every FINREP 9 rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.