The rule in plain words
Total cannot be less than initiated electronically via online banking plus initiated electronically via mobile payment solutions plus initiated in a paper-based form.
EBA checks it for four columns: number of credit transfers, instant credit transfers (0020), value of credit transfers and instant credit transfers (0040). That makes four 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 >= of which: initiated electronically via online banking + of which: initiated electronically via mobile payment solutions + of which: initiated in a paper-based form
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Work out both sides from your file, as the rule in plain words sets out, and compare them.
- 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 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
Columns
- 0010Number of credit transfers
- 0020of which: instant credit transfers
- 0030Value of credit transfers
- 0040of which: instant credit transfers
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,r0010,c0040,} >= ({S_01.01,r0020,c0040,} + {S_01.01,r0030,c0040,} + {S_01.01,r0040,c0040,})The next three:
{S_01.01,r0010,c0030,} >= ({S_01.01,r0020,c0030,} + {S_01.01,r0030,c0030,} + {S_01.01,r0040,c0030,}){S_01.01,r0010,c0020,} >= ({S_01.01,r0020,c0020,} + {S_01.01,r0030,c0020,} + {S_01.01,r0040,c0020,}){S_01.01,r0010,c0010,} >= ({S_01.01,r0020,c0010,} + {S_01.01,r0030,c0010,} + {S_01.01,r0040,c0010,})Other rules on S 01.01
- 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
- 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
- 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
- None of the 40 values it checks in S 01.01: number and value of credit transfers and instant credit transfers (national currency) can be negative (v89066_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.