Line4

1 min readSwitched off by EBA on 13 September 2026EBA reporting framework 4.2Updated 10 November 2026

Senior plus mezzanine plus first loss must equal the sum of four columns (EBA rule v7336_m)

A check in the own funds and capital requirements return (COREP own funds), on template C 14.01, (CR sec details) Detailed information on securitisations by approach.

EBA switched this rule off for filings submitted from 13 September 2026, in a quarterly update to its list of validation rules. It no longer applies, so a failure here does not count, and Line4 Check does not run it.

The rule in plain words

Add up these three:

  • Senior
  • Mezzanine
  • First loss

The result must equal these four added up:

  • Direct credit substitutes
  • Irs / crs
  • Liquidity facilities
  • Other

All the values are on the standardised approach for securitisations (sec-SA) sheet (0010) of C 14.01.

EBA writes it out six times. These words are for the first; the others are the same rule on other cells.

The template it checks

(CR sec details) Detailed information on securitisations by approach (C 14.01)

Columns

  • 0340SENIOR
  • 0350MEZZANINE
  • 0360FIRST LOSS
  • 0370DIRECT CREDIT SUBSTITUTES
  • 0380IRS / CRS
  • 0390LIQUIDITY FACILITIES
  • 0400OTHER

Sheet

  • 0010Standardised approach for securitisations (SEC-SA)
Show the rule as writtenShow

EBA's formula, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.

{C_14.01,,c0340,s0010} + {C_14.01,,c0350,s0010} + {C_14.01,,c0360,s0010} = {C_14.01,,c0370,s0010} + {C_14.01,,c0380,s0010} + {C_14.01,,c0390,s0010} + {C_14.01,,c0400,s0010}

And 5 more, the same formula for the other cells it covers.

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.