The rule in plain words
Minority interests and equivalents must equal transitional recognition in consolidated own funds of qualifying additional Tier 1 capital.
All the values are in the adjustments to AT1 column (0020) of C 05.01.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Adjustments to AT1: MINORITY INTERESTS AND EQUIVALENTS = Transitional recognition in consolidated own funds of qualifying Additional Tier 1 capital
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02The two values must be the same. Find which of the two is right, and correct the other one.
- 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 05.01 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
Capital adequacy - transitional provisions: Summary (C 05.01)
Rows
- 0070MINORITY INTERESTS AND EQUIVALENTS
- 0091Transitional recognition in consolidated own funds of qualifying Additional Tier 1 capital
Column
- 0020Adjustments to AT1
A worked example
The first of its checks, with simple numbers.
Transitional recognition in consolidated own funds of qualifying additional Tier 1 capital must then be 1,200.
A file that reports 1,200 passes. One that reports 1,300 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. Cells are written as {template, row, column, sheet}.
{C_05.01,r0070,c0020,} = {C_05.01,r0091,c0020,}Other rules on C 05.01
- Minority interests and equivalents must equal transitional recognition in consolidated own funds of qualifying Tier 2 capital (v8652_m)Warning
- Instruments issued before 27 June 2019 that do not meet the eligibility criteria related to write-down and conversion powers pursuant to Art cannot be more than the sum of three rows (v09739_m)Warning
- A lower-limit check on capital adequacy: transitional provisions: Summary (row 0062, v10639_m)Warning
- A lower-limit check on capital adequacy: transitional provisions: Summary (row 0062, v10640_m)Warning
- A lower-limit check on capital adequacy: transitional provisions: Summary (row 0062, v10641_m)Warning
- Applicable percentage cannot be more than 1 (v6302_m)Warning
- Total adjustments must equal other transitional adjustments (v6022_m)Warning
- Eligible amount without transitional provisions cannot be more than zero (v5016_s)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.