The rule in plain words
Total must equal consumers plus PSUs other than consumers.
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.
Value of credit transfers: Total = Consumers + PSUs other than consumers
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Add up the parts in your file and compare the result with the total.
- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
- 04EBA allows a small rounding difference, worked out from the decimals each value is reported with.
- 05It runs only when your filing indicators mark S 01.01 as reported.
- 06This 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
- 0090PSUs other than consumers
- 0100Consumers
Columns
- 0010Number of credit transfers
- 0020of which: instant credit transfers
- 0030Value of credit transfers
- 0040of which: instant credit transfers
A worked example
The first of its checks, with simple numbers.
Total must then be 2,000.
A file that reports 2,000 passes. One that reports 2,100 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, as written out for the first of its checks. Cells are written as {template, row, column, sheet}.
{S_01.01,r0010,c0030,} = {S_01.01,r0100,c0030,} + {S_01.01,r0090,c0030,}The next three:
{S_01.01,r0010,c0010,} = {S_01.01,r0100,c0010,} + {S_01.01,r0090,c0010,}{S_01.01,r0010,c0020,} = {S_01.01,r0100,c0020,} + {S_01.01,r0090,c0020,}{S_01.01,r0010,c0040,} = {S_01.01,r0100,c0040,} + {S_01.01,r0090,c0040,}Other rules on S 01.01
- Breakdown by charges levied: the absolute value of number of credit transfers cannot be less than the absolute value of instant credit transfers (v90077_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
- The absolute value of value of credit transfers cannot be less than the absolute value of instant credit transfers (v90075_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
- Total must equal charged plus free of charge (v89912_h)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
- 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
- Total cannot be less than initiated electronically via online banking plus initiated electronically via mobile payment solutions plus initiated in a paper-based form (v89182_m)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.