The rule in plain words
Ul (%) must be less than 1.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
UL (%): UL (%) < 1
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Look for a value outside the limit in these cells.
- 03If the value is a percentage, EBA expects it as a decimal: 12% is reported as 0.12.
- 04EBA compares the values exactly here: there is no rounding tolerance.
- 05It runs only when your filing indicators mark C 14.00 as reported.
- 06This 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
Detailed information on securitisations (C 14.00)
Column
- 0203UL (%)
A worked example
The first of its checks, with simple numbers.
What the rule then expects
Ul (%) can then be anything less than 1.
0.9Passes
1Fails
A file that reports 0.9 passes. One that reports 1 fails.
The numbers are illustrative.
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{C_14.00,,c0203,} < 1Other rules on C 14.00
- El must be less than 1 (v7345_m)Warning
- Own funds requirements before securitisation Ksa must be between 0 and 1 (v7348_m)Warning
- Exposures in default w cannot be more than 1 (v7343_m)Warning
- % of IRB in approach applied cannot be more than 1 (v7342_m)Warning
- Attachment point must be between 0 and 1 (column 0231, v7350_m)Warning
- Institution's share cannot be more than 1 (v7341_m)Warning
- Detachment point cannot be more than attachment point (v7351_m)Warning
- The absolute value of value adjustments and provisions must be less than total amount (v7340_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.