The rule in plain words
Take these three added up, all for total:
- > 90 days
- ≤ 30 days
- > 30 days ≤ 90 days
The result cannot be more than these four added up:
- Financial assets at fair value through other comprehensive income, assets without significant increase in credit risk since initial recognition (Stage 1), gross carrying amount
- Financial assets at fair value through other comprehensive income, assets without significant increase in credit risk since initial recognition (Stage 1), accumulated impairment
- Financial assets at amortised cost, assets without significant increase in credit risk since initial recognition (Stage 1), gross carrying amount
- Financial assets at amortised cost, assets without significant increase in credit risk since initial recognition (Stage 1), accumulated impairment
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
F_07.01: TOTAL, > 90 days + F_07.01: TOTAL, ≤ 30 days + F_07.01: TOTAL, > 30 days ≤ 90 days <= F_04.03.1: FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME, Gross carrying amount, assets without significant increase in credit risk since initial recognition (Stage 1) + F_04.03.1: FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME, Accumulated impairment, assets without significant increase in credit risk since initial recognition (Stage 1) + F_04.04.1: FINANCIAL ASSETS AT AMORTISED COST, Gross carrying amount, assets without significant increase in credit risk since initial recognition (Stage 1) + F_04.04.1: FINANCIAL ASSETS AT AMORTISED COST, Accumulated impairment, assets without significant increase in credit risk since initial recognition (Stage 1)
What to do if your filing fails it
- 01Open the templates below and find the cells the rule reads.
- 02Compare the values in your file. If the first is bigger 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 07.01 and F 04.03.1 or F 04.04.1 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
Row
- 0180FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME
Columns
- 0015Assets without significant increase in credit risk since initial recognition (Stage 1)
- 0050Assets without significant increase in credit risk since initial recognition (Stage 1)
Breakdown of financial assets by instrument and by counterparty sector: financial assets at amortised cost (F 04.04.1)
Row
- 0140FINANCIAL ASSETS AT AMORTISED COST
Columns
- 0015Assets without significant increase in credit risk since initial recognition (Stage 1)
- 0050Assets without significant increase in credit risk since initial recognition (Stage 1)
Financial assets subject to impairment that are past due (F 07.01)
Row
- 0190TOTAL
Columns
- 0010≤ 30 days
- 0020> 30 days ≤ 90 days
- 0030> 90 days
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
sum({F_07.01,r0190,c0030,},{F_07.01,r0190,c0010,},{F_07.01,r0190,c0020,}) <= {F_04.03.1,r0180,c0015,} + {F_04.03.1,r0180,c0050,} + {F_04.04.1,r0140,c0015,} + {F_04.04.1,r0140,c0050,}Other rules on F 04.03.1
- Assets without significant increase in credit risk since initial recognition (Stage 1): households: > 30 days ≤ 90 days plus > 90 days plus ≤ 30 days cannot be more than the sum of four cells (v5397_m)Warning
- Debt securities: > 30 days ≤ 90 days plus > 90 days plus ≤ 30 days cannot be more than the sum of four cells (v5399_m)Warning
- Non-financial corporations: ≤ 30 days plus > 90 days plus > 30 days ≤ 90 days cannot be more than the sum of four cells (v5396_m)Warning
- Debt securities: central banks: > 30 days ≤ 90 days plus > 90 days plus ≤ 30 days cannot be more than the sum of four cells (v5400_m)Warning
- Loans and advances: other financial corporations: > 90 days plus > 30 days ≤ 90 days plus ≤ 30 days cannot be more than the sum of four cells (v5395_m)Warning
- Debt securities: general governments: > 90 days plus > 30 days ≤ 90 days plus ≤ 30 days cannot be more than the sum of four cells (v5401_m)Warning
- Loans and advances: credit institutions: > 90 days plus ≤ 30 days plus > 30 days ≤ 90 days cannot be more than the sum of four cells (v5394_m)Warning
- Credit institutions: ≤ 30 days plus > 90 days plus > 30 days ≤ 90 days cannot be more than the sum of four cells (v5402_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.