The rule in plain words
Adjustments must equal these six worked out:
- Cash inflows maturing within the next 5 working days
- Minus collateral outflows maturing within the next 5 working days (under reverse repos)
- Minus cash outflows maturing within the next 5 working days
- Collateral inflows maturing within the next 5 working days (under repos)
- Minus collateral outflows maturing within the next 5 working days (under collateral swaps)
- Collateral inflows maturing within the next 5 working days (under collateral swaps)
All the values are in the amount or market value column (0010) of Q 03.01.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Adjustments = Cash inflows maturing within the next 5 working days - Reverse repos, collateral outflows maturing within the next 5 working days - Cash outflows maturing within the next 5 working days + Repos, collateral inflows maturing within the next 5 working days - Collateral swaps, collateral outflows maturing within the next 5 working days + Collateral swaps, collateral inflows maturing within the next 5 working days
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 Q 03.01 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_03.01: composition of the reserve of assets by type of assets and maturities (Q 03.01)
Rows
- 0240Adjustments
- 0260Cash inflows maturing within the next 5 working days
- 0270Collateral outflows maturing within the next 5 working days
- 0300Cash outflows maturing within the next 5 working days
- 0310Collateral inflows maturing within the next 5 working days
- 0340Collateral outflows maturing within the next 5 working days
- 0360Collateral inflows maturing within the next 5 working days
Column
- 0010Amount/Market value
A worked example
The first of its checks, with simple numbers.
Adjustments must then be 200.
A file that reports 200 passes. One that reports 300 fails, by 100.
The numbers are illustrative, reported to the unit, so the rounding tolerance does not change the result.
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{Q_03.01,r0240,c0010,} = {Q_03.01,r0260,c0010,} - {Q_03.01,r0270,c0010,} - {Q_03.01,r0300,c0010,} + {Q_03.01,r0310,c0010,} - {Q_03.01,r0340,c0010,} + {Q_03.01,r0360,c0010,}Other rules on Q 03.01
- Others, amount or market value must equal the sum of its twelve parts (v89197_m)Warning
- Cash inflows maturing within the next 5 working days, amount or market value must equal the sum of its two parts (v89199_m)Warning
- Other highly liquid financial instruments, used as assets referenced, amount or market value must equal the sum of its twelve parts (v89196_m)Warning
- Reverse repos: collateral outflows maturing within the next 5 working days, amount or market value must equal the sum of its eight parts (v89200_m)Warning
- Extremely high quality covered bonds, amount or market value must equal the sum of its twelve parts (v89195_m)Warning
- Collateral outflows maturing within the next 5 working days: extremely high quality covered bonds, amount or market value must equal the sum of its two parts (row 0280, v89201_m)Warning
- Qualifying CIU units, amount or market value must equal the sum of its twelve parts (v89194_m)Warning
- Cash outflows maturing within the next 5 working days, amount or market value must equal the sum of its two parts (v89202_m)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.