The rule in plain words
Loans and advances cannot be less than non-financial corporations.
EBA checks it for seven columns: residential immovable property, commercial immovable property, cash, deposits, [debt securities issued], movable property, equity and debt securities, rest, and financial guarantees received. That makes seven 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.
Residential immovable property: Loans and advances >= Of which: Non-financial corporations
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 smaller 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 F 13.01 as reported.
- 05This is a blocking check. A filing that fails it is normally rejected, so fix it before you submit.
The cells it reads
Breakdown of collateral and guarantees by loans and advances other than held for trading (F 13.01)
Rows
- 0010Loans and advances
- 0030Of which: Non-financial corporations
Columns
- 0010Residential immovable property
- 0020Commercial immovable property
- 0030Cash, deposits, [debt securities issued]
- 0031Movable property
- 0032Equity and debt securities
- 0041Rest
- 0050Financial guarantees received
A worked example
The first of its checks, with simple numbers.
Non-financial corporations can then be at most 1,200.
A file that reports 1,200 passes. One that reports 1,300 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}.
{F_13.01,r0010,c0010,} >= {F_13.01,r0030,c0010,}The next five:
{F_13.01,r0010,c0020,} >= {F_13.01,r0030,c0020,}{F_13.01,r0010,c0030,} >= {F_13.01,r0030,c0030,}{F_13.01,r0010,c0031,} >= {F_13.01,r0030,c0031,}{F_13.01,r0010,c0032,} >= {F_13.01,r0030,c0032,}{F_13.01,r0010,c0041,} >= {F_13.01,r0030,c0041,}And 1 more, the same formula for the other cells it covers.
Other rules on F 13.01
- Loans and advances cannot be less than other financial corporations (v4959_m)Blocking
- Loans and advances cannot be less than households (v4961_m)Blocking
- None of the 70 values it checks in breakdown of collateral and guarantees can be negative (v3940_s)Warning
- Small and medium-sized Enterprises (SMEs) cannot be more than non-financial corporations (v7787_m)Warning
- The sum of two rows cannot be more than non-financial corporations (v7788_m)Warning
- Lending for house purchase plus credit for consumption cannot be more than households (v7789_m)Warning
- The sum of three rows cannot be more than loans and advances (v1068_m)Blocking
- Credit derivatives cannot be negative (v09599_s)Warning
Every FINREP 9 rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.