The rule in plain words
None of the values it checks in S 01.01: number and value of credit transfers and instant credit transfers (national currency) can be negative.
EBA checks it for four columns: number of credit transfers, instant credit transfers (0020), value of credit transfers and instant credit transfers (0040). And for ten rows, from total (0010) to consumers (0100). That makes 40 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.
Value of credit transfers: National >= 0
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Look for a value with the wrong sign in these cells, such as an amount entered as a negative number.
- 03EBA compares the values exactly here: there is no rounding tolerance.
- 04It runs only when your filing indicators mark S 01.01 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
S 01.01 - number and value of credit transfers and instant credit transfers (national currency) (S 01.01)
Rows
- 0010Total
- 0020of which: initiated electronically via online banking
- 0030of which: initiated electronically via mobile payment solutions
- 0040of which: initiated in a paper-based form
- 0050National
- 0060Cross-border
- 0070Free of charge
- 0080Charged
- 0090PSUs other than consumers
- 0100Consumers
Columns
- 0010Number of credit transfers
- 0020of which: instant credit transfers
- 0030Value of credit transfers
- 0040of which: instant credit transfers
A worked example
The first of its checks, with simple numbers.
National, value of credit transfers must then be at least 0.
A file that reports 0 passes. One that reports -100 fails, by 100.
The numbers are illustrative.
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}.
{S_01.01,r0050,c0030,} >= 0The next five:
{S_01.01,r0010,c0040,} >= 0{S_01.01,r0100,c0040,} >= 0{S_01.01,r0090,c0040,} >= 0{S_01.01,r0040,c0010,} >= 0{S_01.01,r0050,c0040,} >= 0And 34 more, the same formula for the other cells it covers.
Other rules on S 01.01
- Each of the 40 cells it checks in S 01.01: number and value of credit transfers and instant credit transfers (national currency) must be reported (e89146_e)Warning
- Total cannot be less than initiated electronically via online banking plus initiated electronically via mobile payment solutions plus initiated in a paper-based form (v89182_m)Warning
- Each of the eight cells it checks in S 01.01: number and value of credit transfers and instant credit transfers (national currency) must be reported (e89216_e)Warning
- None of the twelve values it checks in S 01.01: number and value of credit transfers and instant credit transfers (national currency) can be negative (v89228_s)Warning
- Total must equal charged plus free of charge (v89912_h)Warning
- Breakdown by PSU type: the absolute value of value of credit transfers cannot be less than the absolute value of instant credit transfers (v90074_h)Warning
- The absolute value of value of credit transfers cannot be less than the absolute value of instant credit transfers (v90075_h)Warning
- Breakdown by location of PSPs: the absolute value of number of credit transfers cannot be less than the absolute value of instant credit transfers (v90076_h)Warning
Every SEPA IPR rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.