The rule in plain words
Total liabilities and equity must equal these eleven added up:
- Repurchase agreements
- Deposits from households (excl. repurchase agreements)
- Deposits from non-financial corporations (excl. repurchase agreements)
- Deposits from credit institutions (excl. repurchase agreements)
- Deposits from other financial corporations (excl. repurchase agreements)
- Deposits from central banks (excl. repurchase agreements)
- Deposits from general governments (excl. repurchase agreements)
- Total debt securities issued
- Derivatives
- Total equity
- Other liabilities
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 1 Position: Total liabilities and equity = Repurchase agreements + Deposits from households (excl. repurchase agreements) + Deposits from non-financial corporations (excl. repurchase agreements) + Deposits from credit institutions (excl. repurchase agreements) + Deposits from other financial corporations (excl. repurchase agreements) + Deposits from central banks (excl. repurchase agreements) + Deposits from general governments (excl. repurchase agreements) + Total debt securities issued + Derivatives + Total equity + Other liabilities
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Add up the parts in your file and compare the result with the total.
- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
- 04EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 05It runs only when your filing indicators mark P 01.02 as reported.
- 06This 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
- 010Repurchase agreements
- 020Deposits from households (excl. repurchase agreements)
- 060Deposits from non-financial corporations (excl. repurchase agreements)
- 130Deposits from credit institutions (excl. repurchase agreements)
- 140Deposits from other financial corporations (excl. repurchase agreements)
- 145Deposits from central banks (excl. repurchase agreements)
- 147Deposits from general governments (excl. repurchase agreements)
- 340Total debt securities issued
- 360Derivatives
- 370Total equity
- 381Other liabilities
- 390Total liabilities and equity
Columns
- 010Actual current position
- 030Planned Year 1 Position
- 040Planned Year 2 Position
- 050Planned Year 3 Position
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,r390,c030,} = {P_01.02,r010,c030,} + {P_01.02,r020,c030,} + {P_01.02,r060,c030,} + {P_01.02,r130,c030,} + {P_01.02,r140,c030,} + {P_01.02,r145,c030,} + {P_01.02,r147,c030,} + {P_01.02,r340,c030,} + {P_01.02,r360,c030,} + {P_01.02,r370,c030,} + {P_01.02,r381,c030,}The next three:
{P_01.02,r390,c050,} = {P_01.02,r010,c050,} + {P_01.02,r020,c050,} + {P_01.02,r060,c050,} + {P_01.02,r130,c050,} + {P_01.02,r140,c050,} + {P_01.02,r145,c050,} + {P_01.02,r147,c050,} + {P_01.02,r340,c050,} + {P_01.02,r360,c050,} + {P_01.02,r370,c050,} + {P_01.02,r381,c050,}{P_01.02,r390,c010,} = {P_01.02,r010,c010,} + {P_01.02,r020,c010,} + {P_01.02,r060,c010,} + {P_01.02,r130,c010,} + {P_01.02,r140,c010,} + {P_01.02,r145,c010,} + {P_01.02,r147,c010,} + {P_01.02,r340,c010,} + {P_01.02,r360,c010,} + {P_01.02,r370,c010,} + {P_01.02,r381,c010,}{P_01.02,r390,c040,} = {P_01.02,r010,c040,} + {P_01.02,r020,c040,} + {P_01.02,r060,c040,} + {P_01.02,r130,c040,} + {P_01.02,r140,c040,} + {P_01.02,r145,c040,} + {P_01.02,r147,c040,} + {P_01.02,r340,c040,} + {P_01.02,r360,c040,} + {P_01.02,r370,c040,} + {P_01.02,r381,c040,}Other rules on P 01.02
- Original maturity >= 3 years cannot be more than total debt securities issued (v4111_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.