The rule in plain words
None of the values it checks in S 04.00: number of rejected instant credit transfers can be negative.
EBA checks it for two columns: payee's PSP and payer's PSP. And for three rows: total, national and cross-border. That makes six 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.
Payer's PSP: Cross-border >= 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 04.00 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 04.00 - number of rejected instant credit transfers (S 04.00)
Rows
- 0010Total
- 0020National
- 0030Cross-border
Columns
- 0010Payee's PSP
- 0020Payer's PSP
A worked example
The first of its checks, with simple numbers.
Cross-border, payer's PSP 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_04.00,r0030,c0020,} >= 0The next five:
{S_04.00,r0020,c0020,} >= 0{S_04.00,r0030,c0010,} >= 0{S_04.00,r0010,c0020,} >= 0{S_04.00,r0010,c0010,} >= 0{S_04.00,r0020,c0010,} >= 0Other rules on S 04.00
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.