The rule in plain words
Nominal amount cannot be negative.
EBA checks it for ten columns, from + 6 months (0030) to + 10 years (0200). That makes ten 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.
+ 12 months: Nominal amount >= 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 35.00 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
Asset encumbrance: covered bonds issuance (a) (F 35.00.a)
Row
- 0010Nominal amount
Columns
- 0030+ 6 months
- 0040+ 12 months
- 0050+ 2 years
- 0060+ 5 years
- 0070+ 10 years
- 0160+ 6 months
- 0170+ 12 months
- 0180+ 2 years
- 0190+ 5 years
- 0200+ 10 years
A worked example
The first of its checks, with simple numbers.
Nominal amount, + 12 months 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}.
{F_35.00.a,r0010,c0170,} >= 0The next five:
{F_35.00.a,r0010,c0180,} >= 0{F_35.00.a,r0010,c0050,} >= 0{F_35.00.a,r0010,c0040,} >= 0{F_35.00.a,r0010,c0200,} >= 0{F_35.00.a,r0010,c0160,} >= 0And 4 more, the same formula for the other cells it covers.
Other rules on F 35.00.a
- Covered bond liabilities: reporting date cannot be negative (v4379_s)Warning
- Cover pool: reporting date cannot be negative (v5703_s)Warning
- Cover pool: + 10 years cannot be more than + 5 years (v2898_m)Warning
- Cover pool: + 5 years cannot be more than + 2 years (v2897_m)Warning
- Cover pool: + 2 years cannot be more than + 12 months (v2896_m)Warning
- Cover pool: + 12 months cannot be more than + 6 months (v2895_m)Warning
- Cover pool: + 6 months cannot be more than reporting date (v2894_m)Warning
- Covered bond liabilities: + 10 years cannot be more than + 5 years (v2893_m)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.