The rule in plain words
Securitisations, carrying amount of encumbered assets cannot be negative.
EBA writes it out 13 times. These words are for the first; the others are the same rule on other cells.
The template it checks
Asset encumbrance: encumbrance overview - assets (F 32.01)
Row
- 0060Of which: securitisations
Column
- 0010Carrying amount of encumbered assets
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_32.01,r0060,c0010,} >= 0And 12 more, the same formula for the other cells it covers.
Other rules on F 32.01
- None of the 28 values it checks in asset encumbrance: encumbrance overview: assets can be negative (v4363_s)Warning
- Carrying amount of unencumbered assets issued by other entities of the group cannot be negative (v4362_s)Warning
- Total unencumbered assets: the sum of two columns cannot be more than loans collateralised with immovable property, central bank's eligible (v2963_m)Blocking
- The sum of two columns cannot be more than loans collateralised with immovable property, carrying amount of unencumbered assets (v2962_m)Blocking
- Total encumbered assets: the sum of two columns cannot be more than loans collateralised with immovable property, central bank's eligible (v2961_m)Warning
- The sum of two columns cannot be more than loans collateralised with immovable property, carrying amount of encumbered assets (v2960_m)Warning
- Carrying amount of unencumbered assets: loans and advances other than loans on demand, central bank's eligible must equal the sum of its four parts (v2959_m)Blocking
- Loans and advances other than loans on demand, carrying amount of unencumbered assets must equal the sum of its four parts (v2958_m)Blocking
Checks like this one, run at the point of submission, are the first step to real-time supervision.