The rule in plain words
Total cannot be negative.
EBA checks it for eight columns: number of credit transfers (0010), instant credit transfers (0020), value of credit transfers (0030), instant credit transfers (0040), number of credit transfers (0050), instant credit transfers (0060), value of credit transfers (0070) and instant credit transfers (0080). That makes eight 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.
of which: instant credit transfers: Total >= 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 01.02 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 01.02 - number and value of credit transfers and instant credit transfers (euro) (S 01.02)
Row
- 0010Total
Columns
- 0010Number of credit transfers
- 0020of which: instant credit transfers
- 0030Value of credit transfers
- 0040of which: instant credit transfers
- 0050Number of credit transfers
- 0060of which: instant credit transfers
- 0070Value of credit transfers
- 0080of which: instant credit transfers
A worked example
The first of its checks, with simple numbers.
Total, instant 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_01.02,r0010,c0040,} >= 0The next five:
{S_01.02,r0010,c0070,} >= 0{S_01.02,r0010,c0080,} >= 0{S_01.02,r0010,c0050,} >= 0{S_01.02,r0010,c0060,} >= 0{S_01.02,r0010,c0030,} >= 0And 2 more, the same formula for the other cells it covers.
Other rules on S 01.02
- Total must be reported (e89148_e)Warning
- Credit transfers sent: the absolute value of value of credit transfers cannot be less than the absolute value of instant credit transfers (v89174_h)Warning
- Credit transfers received: the absolute value of value of credit transfers cannot be less than the absolute value of instant credit transfers (v89175_h)Warning
- Credit transfers sent: the absolute value of number of credit transfers cannot be less than the absolute value of instant credit transfers (v89176_h)Warning
- Credit transfers received: the absolute value of number of credit transfers cannot be less than the absolute value of instant credit transfers (v89177_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.