The rule in plain words
If ul (%) is not zero, own funds requirements before securitisation (%) Kirb must equal el (%) plus ul (%).
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
If UL (%) != 0, then OWN FUNDS REQUIREMENTS BEFORE SECURITISATION (%) Kirb = EL (%) + UL (%)
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02The check applies only when its first part holds in your file. When it does, the second part must hold too: fix the second part, or correct the first.
- 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
- 0202EL (%)
- 0203UL (%)
- 0221OWN FUNDS REQUIREMENTS BEFORE SECURITISATION (%) Kirb
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
if ({C_14.00,,c0203,} != 0) then ({C_14.00,,c0221,} = {C_14.00,,c0202,} + {C_14.00,,c0203,}) else TrueOther rules on C 14.00
- Detachment point must be between 0 and 1 (column 0251, v7369_m)Warning
- A check on detailed information on securitisations (v7362_m)Not run yet
- A check on detailed information on securitisations (v7370_m)Not run yet
- A check on detailed information on securitisations (v7361_m)Not run yet
- A check on detailed information on securitisations (v7360_m)Not run yet
- A check on detailed information on securitisations (v7358_m)Not run yet
- Attachment point of risk sold must be less than detachment point of risk sold (v7357_m)Warning
- Attachment point of risk sold must be between 0 and 1 (v7356_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.