The rule in plain words
Original maturity >= 3 years cannot be more than total debt securities issued.
EBA checks it for four columns: actual current position, planned Year 1 Position, planned Year 2 Position and planned Year 3 Position. That makes four 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.
Planned Year 2 Position: o/w (original maturity >= 3 years) <= Total debt securities issued
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 P 01.02 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
Liabilities (P 01.02)
Rows
- 340Total debt securities issued
- 350o/w (original maturity >= 3 years)
Columns
- 010Actual current position
- 030Planned Year 1 Position
- 040Planned Year 2 Position
- 050Planned Year 3 Position
A worked example
The first of its checks, with simple numbers.
Total debt securities issued 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, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{P_01.02,r350,c040,} <= {P_01.02,r340,c040,}The next three:
{P_01.02,r350,c050,} <= {P_01.02,r340,c050,}{P_01.02,r350,c030,} <= {P_01.02,r340,c030,}{P_01.02,r350,c010,} <= {P_01.02,r340,c010,}Other rules on P 01.02
- Total liabilities and equity must equal the sum of its eleven parts (v4112_m)Warning
- Deposits from other group entities not within the prudential scope of consolidation (excl. repurchase agreements) cannot be more than the sum of two rows (v4133_m)Warning
- An upper-limit check across insured and uninsured deposits and uninsured deposit-like financial instruments, and liabilities (P 02.01, v4134_m)Warning
- An upper-limit check across public sector and central Bank sources of funding, and liabilities (P 02.02, row 005, v4135_m)Warning
- National and supra-national term (equal or greater than one year) credit guarantee funding programmes cannot be more than long-term debt securities issued (original maturity >=1 year) (v4136_m)Warning
- An upper-limit check across public sector and central Bank sources of funding, and liabilities (P 02.02, row 030, v4137_m)Warning
- None of the 180 values it checks in liabilities can be negative (v4420_s)Warning
- Total long-term secured debt securities issued must equal the sum of its three parts (v5727_m)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.