The rule in plain words
None of the values it checks in prices for various lengths of funding can be negative.
EBA checks it for nine columns, from volume (0020) to volume (0180). And for eight rows: total funding, retail funding, unsecured wholesale funding, senior unsecured securities, secured funding (non-central Bank), covered bonds, asset backed securities including ABCP and other funding. That makes 72 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.
Volume: of which: Senior unsecured securities >= 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 C 69.00 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
Prices for various lengths of funding, significant currencies (C 69.00.w)
Rows
- 0010Total Funding
- 0020Retail funding
- 0030Unsecured wholesale funding
- 0035of which: Senior unsecured securities
- 0045Secured funding (non-Central Bank)
- 0065of which: Covered bonds
- 0075of which: Asset backed securities including ABCP
- 0080Other Funding
Columns
- 0020Volume
- 0040Volume
- 0060Volume
- 0080Volume
- 0100Volume
- 0120Volume
- 0140Volume
- 0160Volume
- 0180Volume
A worked example
The first of its checks, with simple numbers.
Senior unsecured securities, volume 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}.
{C_69.00.w,r0035,c0120,} >= 0The next five:
{C_69.00.w,r0075,c0140,} >= 0{C_69.00.w,r0030,c0060,} >= 0{C_69.00.w,r0010,c0040,} >= 0{C_69.00.w,r0080,c0120,} >= 0{C_69.00.w,r0075,c0180,} >= 0And 66 more, the same formula for the other cells it covers.
Other rules on C 69.00.w
- Total funding, overnight: if volume is more than zero, spread must be reported (v10687_m)Warning
- Total funding, 1 week: if volume is more than zero, spread must be reported (v10688_m)Warning
- Unsecured wholesale funding: if volume is more than zero, spread must be reported (v10689_m)Warning
- Total funding, 3 months: if volume is more than zero, spread must be reported (v10690_m)Warning
- Total funding, 6 months: if volume is more than zero, spread must be reported (v10691_m)Warning
- Total funding, 1 year: if volume is more than zero, spread must be reported (v10692_m)Warning
- Total funding, 2 years: if volume is more than zero, spread must be reported (v10693_m)Warning
- Total funding, 5 years: if volume is more than zero, spread must be reported (v10694_m)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.