The rule in plain words
The absolute value of value of charges for credit transfers cannot be less than the absolute value of instant credit transfers.
All the values are in the total row (0010) of S 02.01.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
the absolute value of Total, Value of charges for credit transfers >= the absolute value of Total, of which: instant credit transfers
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Compare the values in your file. If the first is smaller than it may be, one of them is wrong: check both before you change either.
- 03EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 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)
Row
- 0010Total
Columns
- 0030Value of charges for credit transfers
- 0040of which: instant credit transfers
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
abs({S_02.01,r0010,c0030,}) >= abs({S_02.01,r0010,c0040,})Other rules on S 02.01
- 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
- 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
- Total must be reported (e89149_e)Warning
- Total cannot be negative (v89069_s)Warning
- None of the 16 values it checks in S 02.01: charges for credit transfers and instant credit transfers (national currency) can be negative (v89068_s)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.