Line4

3 min readWarningEBA reporting framework 4.2Updated 10 November 2026

None of the 528 values it checks in S 03.03: maturity ladder for the composition of the reserve of assets can be negative (Q 03.03, EBA rule v89019_s)

A warning in the asset-referenced and e-money tokens return (MiCA), on template Q 03.03, s 03.03 - maturity ladder for the composition of the reserve of assets.

Check your file against this ruleWhat to do if it fails

The rule in plain words

None of the values it checks in S 03.03: maturity ladder for the composition of the reserve of assets can be negative.

EBA checks it for twelve columns, from up to 1 day (0010) to greater than 60 months (0120). And for 44 rows, from coins and banknotes (0010) to other assets (non-reserve assets) (0470). That makes 528 checks. A failure names the one that failed.

How the Line4 Check report words itShow

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.

Greater than 3 weeks up to 1 month: CQS 3 >= 0

What to do if your filing fails it

  1. 01Open the template below and find the cells the rule reads.
  2. 02Look for a value with the wrong sign in these cells, such as an amount entered as a negative number.
  3. 03EBA compares the values exactly here: there is no rounding tolerance.
  4. 04It runs only when your filing indicators mark Q 03.03 as reported.
  5. 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

S 03.03 - maturity ladder for the composition of the reserve of assets (Q 03.03)

Rows

  • 0010Coins and banknotes
  • 0020Deposits with credit institutions
  • 0030CQS 1
  • 0040CQS 2
  • 0050CQS 3
  • 0060CQS 4+
  • 0070Without ECAI CQS
  • 0080Commodities
  • 0090Assets representing claims on or guaranteed by Central banks
  • 0100Assets representing claims on or guaranteed by Central governments
  • 0110Assets representing claims on or guaranteed by Regional governments / local authorities
  • 0120Assets representing claims on or guaranteed by Public Sector Entities
  • 0130Assets representing claims on or guaranteed by Credit institutions (protected by Member State government, promotional lender)
  • 0140Assets representing claims on or guaranteed by Multilateral development banks and international organisations
  • 0150Qualifying CIU units
  • 0160Extremely high quality covered bonds
  • 0170Other highly liquid financial instruments, used as assets referenced
  • 0180Other reserve assets
  • 0200Cash inflows
  • 0210Collateral outflows
  • 0220Assets under Article 1(1)(c)(i) of [RTS to specify the highly liquid financial instruments with minimal market risk, credit risk and concent
  • 0230Assets under Article 1(1)(c)(ii) of [RTS to specify the highly liquid financial instruments with minimal market risk, credit risk and concen
  • 0240Assets under Article 1(1)(c)(iii) of [RTS to specify the highly liquid financial instruments with minimal market risk, credit risk and conce
  • 0250Other reserve assets
  • 0260Other assets (non-reserve assets)
  • 0280Cash outflows
  • 0290Collateral inflows
  • 0300Assets under Article 1(1)(c)(i) of [RTS to specify the highly liquid financial instruments with minimal market risk, credit risk and concent
  • 0310Assets under Article 1(1)(c)(ii) of [RTS to specify the highly liquid financial instruments with minimal market risk, credit risk and concen
  • 0320Assets under Article 1(1)(c)(iii) of [RTS to specify the highly liquid financial instruments with minimal market risk, credit risk and conce
  • 0330Other reserve assets
  • 0340Other assets (non-reserve assets)
  • 0360Collateral outflows
  • 0370Assets under Article 1(1)(c)(i) of [RTS to specify the highly liquid financial instruments with minimal market risk, credit risk and concent
  • 0380Assets under Article 1(1)(c)(ii) of [RTS to specify the highly liquid financial instruments with minimal market risk, credit risk and concen
  • 0390Assets under Article 1(1)(c)(iii) of [RTS to specify the highly liquid financial instruments with minimal market risk, credit risk and conce
  • 0400Other reserve assets
  • 0410Other assets (non-reserve assets)
  • 0420Collateral inflows
  • 0430Assets under Article 1(1)(c)(i) of [RTS to specify the highly liquid financial instruments with minimal market risk, credit risk and concent

And 4 more.

Columns

  • 0010Up to 1 day
  • 0020Greater than 1 day up to 5 days
  • 0030Greater than 5 days up to 2 weeks
  • 0040Greater than 2 weeks up to 3 weeks
  • 0050Greater than 3 weeks up to 1 month
  • 0060Greater than 1 month up to 2 months
  • 0070Greater than 2 months up to 3 months
  • 0080Greater than 3 months up to 6 months
  • 0090Greater than 6 months up to 12 months
  • 0100Greater than 12 months up to 36 months
  • 0110Greater than 36 months up to 60 months
  • 0120Greater than 60 months

A worked example

The first of its checks, with simple numbers.

What the rule then expects

CQS 3, greater than 3 weeks up to 1 month must then be at least 0.

0Passes
-100Fails

A file that reports 0 passes. One that reports -100 fails, by 100.

The numbers are illustrative.

Show the rule as writtenShow

EBA's formula, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.

{Q_03.03,r0050,c0050,} >= 0

The next five:

{Q_03.03,r0410,c0120,} >= 0{Q_03.03,r0430,c0040,} >= 0{Q_03.03,r0010,c0070,} >= 0{Q_03.03,r0130,c0120,} >= 0{Q_03.03,r0430,c0090,} >= 0

And 522 more, the same formula for the other cells it covers.

Every MiCA rule, by template

Checks like this one, run at the point of submission, are the first step to real-time supervision.