The rule in plain words
Attachment point of risk sold (%) must be less than detachment point of risk sold (%).
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
ATTACHMENT POINT OF RISK SOLD (%) < DETACHMENT POINT OF RISK SOLD (%)
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 bigger 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 14.00 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
Detailed information on securitisations (C 14.00)
Columns
- 0302ATTACHMENT POINT OF RISK SOLD (%)
- 0303DETACHMENT POINT OF RISK SOLD (%)
A worked example
The first of its checks, with simple numbers.
Illustrative values
Attachment point of risk sold (%)1,200
What the rule then expects
Detachment point of risk sold (%) must then be more than 1,200.
1,300Passes
1,200Fails
A file that reports 1,300 passes. One that reports 1,200 fails.
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_14.00,,c0302,} < {C_14.00,,c0303,}Other rules on C 14.00
- Attachment point of risk sold must be between 0 and 1 (v7356_m)Warning
- A check on detailed information on securitisations (v7358_m)Not run yet
- A check on detailed information on securitisations (v7360_m)Not run yet
- Date of latest issuance must be less than first foreseeable termination date (v7353_m)Not run yet
- A check on detailed information on securitisations (v7361_m)Not run yet
- A check on detailed information on securitisations (v7362_m)Not run yet
- Detachment point cannot be more than attachment point (v7351_m)Warning
- Attachment point must be between 0 and 1 (column 0231, v7350_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.