The rule in plain words
Total GAR assets cannot be more than total assets.
All the values are in the total gross carrying amount column (0010) of D 07.00.a.
How the Line4 Check report words itShowHide
Word for word as the report shows it when the rule fails.
Total gross carrying amount: TOTAL GAR ASSETS <= TOTAL ASSETS
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 bigger 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 D 07.00 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
Mitigating actions: assets for the calculation of GAR (I) (D 07.00.a)
Rows
- 0320TOTAL GAR ASSETS
- 0500TOTAL ASSETS
Column
- 0010Total gross carrying amount
A worked example
The first of its checks, with simple numbers.
Total assets must then be at least 1,200.
A file that reports 1,200 passes. One that reports 1,100 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}.
{D_07.00.a,r0320,c0010,} <= {D_07.00.a,r0500,c0010,}Other rules on D 07.00.a
- Towards taxonomy relevant sectors (taxonomy-eligible) cannot be less than environmentally sustainable (taxonomy-aligned) (v89312_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
- Environmentally sustainable (taxonomy-aligned) cannot be less than specialised lending (v89338_m)Warning
- Environmentally sustainable (taxonomy-aligned) cannot be less than transitional (v89339_m)Warning
- Environmentally sustainable (taxonomy-aligned) cannot be less than enabling environmentally sustainable (taxonomy-aligned) (v89340_m)Warning
Checks like this one, run at the point of submission, are the first step to real-time supervision.