The rule in plain words
Carrying amount in F 13.03.1.b cannot be more than carrying amount in F 13.03.1.a.
EBA checks it for six rows: other than property Plant and equipment, residential immovable property, commercial immovable property, movable property, equity and debt securities, and other. That makes six checks. A failure names the one that failed.
How the Line4 Check report words itShowHide
The first of its checks, word for word as the report shows it when it fails. The others read the same, with their own column, row or sheet.
F_13.03.1.B: Movable property, Carrying amount <= F_13.03.1.A: Movable property, Carrying amount
What to do if your filing fails it
- 01Open the templates 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 F 13.03.1 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
Collateral obtained by taking possession accumulated (I) (F 13.03.1.a)
Rows
- 0020Other than Property Plant and Equipment
- 0030Residential immovable property
- 0040Commercial immovable property
- 0050Movable property
- 0060Equity and debt securities
- 0070Other
Column
- 0020Carrying amount
Collateral obtained by taking possession accumulated (II) (F 13.03.1.b)
Rows
- 0020Other than Property Plant and Equipment
- 0030Residential immovable property
- 0040Commercial immovable property
- 0050Movable property
- 0060Equity and debt securities
- 0070Other
Column
- 0050Carrying amount
A worked example
The first of its checks, with simple numbers.
Movable property, carrying amount in F 13.03.1.a must then be at least 1,200.
A file that reports 1,200 passes. One that reports 1,100 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, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{F_13.03.1.b,r0050,c0050,} <= {F_13.03.1.a,r0050,c0020,}The next five:
{F_13.03.1.b,r0020,c0050,} <= {F_13.03.1.a,r0020,c0020,}{F_13.03.1.b,r0040,c0050,} <= {F_13.03.1.a,r0040,c0020,}{F_13.03.1.b,r0060,c0050,} <= {F_13.03.1.a,r0060,c0020,}{F_13.03.1.b,r0030,c0050,} <= {F_13.03.1.a,r0030,c0020,}{F_13.03.1.b,r0070,c0050,} <= {F_13.03.1.a,r0070,c0020,}Other rules on F 13.03.1.a
- Value at initial recognition in F 13.03.1.b cannot be more than value at initial recognition in F 13.03.1.a (v7801_m)Warning
- Accumulated negative changes cannot be more than zero (v7803_s)Warning
- Other than property Plant and equipment must equal the sum of its five parts (v7804_m)Warning
- Total must equal the sum of its two parts (v7805_m)Warning
- None of the 16 values it checks in collateral obtained can be negative (v8164_s)Warning
Every FINREP 9 rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.