The rule in plain words
Carrying amount must equal these eight added up:
- Assets without significant increase in credit risk since initial recognition (Stage 1), gross carrying amount
- Assets with significant increase in credit risk since initial recognition but not credit-impaired (Stage 2), gross carrying amount
- Credit-impaired assets (Stage 3), gross carrying amount
- Purchased or originated credit-impaired financial assets, gross carrying amount
- Assets without significant increase in credit risk since initial recognition (Stage 1), accumulated impairment
- Assets with significant increase in credit risk since initial recognition but not credit-impaired (Stage 2), accumulated impairment
- Credit-impaired assets (Stage 3), accumulated impairment
- Purchased or originated credit-impaired financial assets, accumulated impairment
All the values are in the other financial corporations row (0150) of F 04.03.1.
EBA writes it out 14 times. These words are for the first; the others are the same rule on other cells.
The template it checks
Row
- 0150Other financial corporations
Columns
- 0010Carrying amount
- 0015Assets without significant increase in credit risk since initial recognition (Stage 1)
- 0030Assets with significant increase in credit risk since initial recognition but not credit-impaired (Stage 2)
- 0040Credit-impaired assets (Stage 3)
- 0041Purchased or originated credit-impaired financial assets
- 0050Assets without significant increase in credit risk since initial recognition (Stage 1)
- 0060Assets with significant increase in credit risk since initial recognition but not credit-impaired (Stage 2)
- 0070Credit-impaired assets (Stage 3)
- 0071Purchased or originated credit-impaired financial 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_04.03.1,r0150,c0010,} = {F_04.03.1,r0150,c0015,} + {F_04.03.1,r0150,c0030,} + {F_04.03.1,r0150,c0040,} + {F_04.03.1,r0150,c0041,} + {F_04.03.1,r0150,c0050,} + {F_04.03.1,r0150,c0060,} + {F_04.03.1,r0150,c0070,} + {F_04.03.1,r0150,c0071,}And 13 more, the same formula for the other cells it covers.
Other rules on F 04.03.1
- Financial assets at fair value through other comprehensive income must equal the sum of its two parts (v5028_m)Warning
- Debt securities must equal the sum of its five parts (v5025_m)Warning
- Equity instruments cannot be less than the sum of three rows (v5125_m)Warning
- Debt instruments at fair value through other comprehensive income or through equity subject to impairment: debt securities, gross carrying amount or nominal amount must equal the sum of its four parts (v5156_m)Warning
- Debt securities: central banks, gross carrying amount or nominal amount must equal the sum of its four parts (row 0182, v5157_m)Warning
- Debt securities: general governments, gross carrying amount or nominal amount must equal the sum of its four parts (row 0183, v5158_m)Warning
- Debt securities: credit institutions, gross carrying amount or nominal amount must equal the sum of its four parts (row 0184, v5159_m)Warning
- Debt securities: other financial corporations, gross carrying amount or nominal amount must equal the sum of its four parts (row 0185, v5160_m)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.