The rule in plain words
Initial stock cannot be negative.
The value is on the total currencies sheet (0010) of C 66.01.b.
EBA checks it for 38 rows, from coins and bank notes (0730) to assets reported in 3.6 that are non-HQLA central bank eligible (1241). That makes 38 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.
Level 2B corporate bonds (CQ1-3), Total currencies >= 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 C 66.01 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
Maturity ladder, total, initial stock (C 66.01.b)
Rows
- 0730Coins and bank notes
- 0740Withdrawable central bank reserves
- 0750Level 1 tradable assets
- 0760Level 1 excluding covered bonds
- 0770Level 1 central bank
- 0780Level 1 (CQS 1)
- 0790Level 1 (CQS2, CQS3)
- 0800Level 1 (CQS4+)
- 0810Level 1 covered bonds (CQS1)
- 0820Level 2A tradable assets
- 0830Level 2A corporate bonds (CQS1)
- 0840Level 2A covered bonds (CQS 1, CQS2)
- 0850Level 2A public sector (CQS1, CQS2)
- 0860Level 2B tradable assets
- 0870Level 2B ABS (CQS1)
- 0880Level 2B covered bonds (CQS1-6)
- 0890Level 2B corporate bonds (CQ1-3)
- 0900Level 2B shares
- 0910Level 2B public sector (CQS 3-5)
- 0920Other tradable assets
- 0930Central government (CQS1)
- 0940Central government (CQS 2 & 3)
- 0950Shares
- 0960Covered bonds
- 0970ABS
- 0980Other tradable assets
- 0990Non tradable assets eligible for central banks
- 0991Own issuances eligible for central banks
- 1000Undrawn committed facilities received
- 1010Level 1 facilities
- 1020Level 2B restricted use facilities
- 1030Level 2B IPS facilities
- 1040Other facilities
- 1050From intragroup counterparties
- 1060From other counterparties
- 1080Cumulated Counterbalancing Capacity
- 1230HQLA central bank eligible - Tradable assets
- 1241Assets reported in 3.6 that are non-HQLA central bank eligible
Column
- 0010Initial stock
Sheet
- 0010Total currencies
A worked example
The first of its checks, with simple numbers.
Level 2B corporate bonds (CQ1-3) 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}.
{C_66.01.b,r0890,c0010,s0010} >= 0The next five:
{C_66.01.b,r0990,c0010,s0010} >= 0{C_66.01.b,r0940,c0010,s0010} >= 0{C_66.01.b,r0790,c0010,s0010} >= 0{C_66.01.b,r0900,c0010,s0010} >= 0{C_66.01.b,r0830,c0010,s0010} >= 0And 32 more, the same formula for the other cells it covers.
Other rules on C 66.01.b
- Cumulated Counterbalancing Capacity must equal the sum of its nine parts (v8742_m)Warning
- Level 2A tradable assets must equal the sum of its three parts (v8790_m)Warning
- Level 2B tradable assets must equal the sum of its five parts (v8791_m)Warning
- Other tradable assets (under counterbalancing capacity) must equal the sum of its six parts (v8792_m)Warning
- Undrawn committed facilities received must equal the sum of its four parts (v8793_m)Warning
- Level 1 excluding covered bonds must equal the sum of its four parts (v8798_m)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.