The rule in plain words
Overall capital requirement (OCR) ratio cannot be less than total SREP capital requirement (TSCR) ratio.
All the values are in the amount or percentage column (0010) of Z 03.01.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Overall capital requirement (OCR) ratio >= Total SREP Capital Requirement (TSCR) ratio
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 Z 03.01 as reported.
- 05This is a blocking check. A filing that fails it is normally rejected, so fix it before you submit.
The cells it reads
Own funds requirements - credit institutions (LIAB 2) (Z 03.01)
Rows
- 0300Total SREP Capital Requirement (TSCR) ratio
- 0500Overall capital requirement (OCR) ratio
Column
- 0010Amount or Percentage
A worked example
The first of its checks, with simple numbers.
Total SREP capital requirement (TSCR) ratio 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}.
{Z_03.01,r0500,c0010,} >= {Z_03.01,r0300,c0010,}Other rules on Z 03.01
Every RESOL1 rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.