The rule in plain words
OCR and P2G: to be made up of Tier 1 capital cannot be less than OCR: to be made up of Tier 1.
All the values are in the amount column (0010) of C 03.00.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
OCR and P2G: to be made up of Tier 1 capital >= OCR: to be made up of Tier 1
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 C 03.00 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
Capital adequacy - ratios (C 03.00)
Rows
- 0180OCR: to be made up of Tier 1
- 0210OCR and P2G: to be made up of Tier 1 capital
Column
- 0010Amount
A worked example
The first of its checks, with simple numbers.
OCR: to be made up of Tier 1 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. Cells are written as {template, row, column, sheet}.
{C_03.00,r0210,c0010,} >= {C_03.00,r0180,c0010,}Other rules on C 03.00
- OCR and P2G: to be made up of CET1 capital cannot be less than OCR: to be made up of CET1 capital (v6266_m)Warning
- OCR and Pillar 2 guidance (P2G) cannot be less than overall capital requirement ratio (OCR) (v6265_m)Warning
- TSCR: to be made up of Tier 1 must be at least 0.06 (v6262_m)Warning
- TSCR: to be made up of CET1 capital must be at least 0.045 (v6261_m)Warning
- Total SREP capital requirement ratio (TSCR) must be at least 0.08 (v6260_m)Warning
- If surplus or Deficit of total capital is negative, total capital ratio cannot be more than 0.08 (v6257_m)Blocking
- If total capital ratio is at most 0.08, surplus or Deficit of total capital must be negative (v6256_m)Warning
- If T1 capital ratio is at most 0.06, surplus or Deficit of T1 capital cannot be more than zero (v6255_m)Warning
Every COREP own funds rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.