The rule in plain words
For GAR - covered assets in both numerator and denominator: total gross carrying amount cannot be less than towards taxonomy relevant sectors (taxonomy-eligible).
All the values are in the total GAR assets row (0320) of D 07.00.a.
The template it checks
Mitigating actions: assets for the calculation of GAR (I) (D 07.00.a)
Row
- 0320TOTAL GAR ASSETS
Columns
- 0010Total gross carrying amount
- 0120Of which towards taxonomy relevant sectors (Taxonomy-eligible)
Show the rule as writtenShowHide
EBA's formula. Cells are written as {template, row, column, sheet}.
{D_07.00.a,r0320,c0010,} >= {D_07.00.a,r0320,c0120,}Other rules on D 07.00.a
- Towards taxonomy relevant sectors (taxonomy-eligible) cannot be less than environmentally sustainable (taxonomy-aligned) (v89312_m)Warning
- Total GAR assets cannot be more than total assets (v89315_m)Warning
- Investment firms: total gross carrying amount cannot be less than environmentally sustainable (taxonomy-aligned) (v89267_m)Warning
- Non-financial corporations (subject to NFRD disclosure obligations): total gross carrying amount cannot be less than environmentally sustainable (taxonomy-aligned) (v89264_m)Warning
- Environmentally sustainable (taxonomy-aligned): loans and advances, debt securities and equity instruments not HfT eligible for GAR calculation must equal the sum of its four parts (v89334_m)Warning
- GAR - covered assets in both numerator and denominator: total gross carrying amount cannot be less than towards taxonomy relevant sectors (taxonomy-eligible) (row 0320, v89335_m)Warning
- GAR - covered assets in both numerator and denominator: total gross carrying amount cannot be less than towards taxonomy relevant sectors (taxonomy-eligible) (row 0310, v89336_m)Warning
- Management companies: total gross carrying amount cannot be less than towards taxonomy relevant sectors (taxonomy-eligible) (v89337_m)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.