The rule in plain words
For derivatives: financial assets held for trading and trading must equal gross carrying amount held for trading or trading (all sheets added up).
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
F_10.00: Derivatives, Financial assets Held for trading and trading = F_20.04: Derivatives, Of which: held for trading or trading (all sheets added up)
What to do if your filing fails it
- 01Open the templates below and find the cells the rule reads.
- 02Work out both sides from your file, as the rule in plain words sets out, and compare them.
- 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 10.00 and F 20.04 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
Derivatives: trading and economic hedges (F 10.00)
Row
- 0290Derivatives
Column
- 0010Financial assets Held for trading and trading
Geographical breakdown of assets by residence of the counterparty (F 20.04)
Row
- 0010Derivatives
Column
- 0011Of which: held for trading or trading
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{F_10.00,r0290,c0010,} = sum({F_20.04,r0010,c0011,})Other rules on F 10.00
- Other economic hedges cannot be more than credit (v5046_m)Warning
- Carrying amount: credit must equal the sum of its four parts (v5045_m)Warning
- Derivatives must equal the sum of its six parts (v6140_h)Warning
- None of the 165 values it checks in derivatives: trading and economic hedges can be negative (v3931_s)Warning
- Sold cannot be negative (v3930_s)Warning
- Credit cannot be less than credit default swap (v1951_m)Warning
- Financial assets held for trading and trading: credit must equal the sum of its four parts (v1950_m)Warning
- An upper-limit check across related parties and two other templates (F 31.01, F 11.01, F 11.02, v1037_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.