The rule in plain words
None of the values it checks in S 02.01: charges for credit transfers and instant credit transfers (national currency) can be negative.
EBA checks it for two columns, all for credit transfers: value of charges for and instant. And for eight rows: total, initiated electronically via online banking, initiated electronically via mobile payment solutions, initiated in a paper-based form, national, cross-border, PSUs other than consumers and consumers. That makes 16 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 charges for 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 02.01 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 02.01 - charges for credit transfers and instant credit transfers (national currency) (S 02.01)
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
- 0070PSUs other than consumers
- 0080Consumers
Columns
- 0010Value of charges for credit transfers
- 0020of which: instant credit transfers
A worked example
The first of its checks, with simple numbers.
Total, value of charges for 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_02.01,r0010,c0010,} >= 0The next five:
{S_02.01,r0070,c0010,} >= 0{S_02.01,r0070,c0020,} >= 0{S_02.01,r0060,c0020,} >= 0{S_02.01,r0080,c0020,} >= 0{S_02.01,r0020,c0010,} >= 0And 10 more, the same formula for the other cells it covers.
Other rules on S 02.01
- Total cannot be negative (v89069_s)Warning
- Total must be reported (e89149_e)Warning
- Each of the 16 cells it checks in S 02.01: charges for credit transfers and instant credit transfers (national currency) must be reported (e89150_e)Warning
- The absolute value of value of charges for credit transfers cannot be less than the absolute value of instant credit transfers (v89173_h)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 (v89183_m)Warning
- Breakdown by PSU type: the absolute value of value of charges for credit transfers cannot be less than the absolute value of instant credit transfers (v90073_h)Warning
- Total must equal consumers plus PSUs other than consumers (v90082_h)Warning
- Total must equal cross-border plus national (v903488_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.