The rule in plain words
Total exposures must equal these three added up:
- Crypto-asset exposures to tokenised traditional assets
- Exposures to other crypto assets
- Exposures to asset referenced tokens
EBA checks it for two columns: exposure value and risk weighted exposure amount. That makes two 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.
EXPOSURE VALUE: TOTAL EXPOSURES = Crypto-asset exposures to tokenised traditional assets + Exposures to other crypto assets + Exposures to asset referenced tokens
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- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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 C 36.00 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
Exposures to crypto-assets (C 36.00.a)
Rows
- 0010TOTAL EXPOSURES
- 0020Crypto-asset exposures to tokenised traditional assets
- 0030Exposures to asset referenced tokens
- 0040Exposures to other crypto assets
Columns
- 0010EXPOSURE VALUE
- 0020RISK WEIGHTED EXPOSURE AMOUNT
A worked example
The first of its checks, with simple numbers.
Total exposures must then be 2,450.
A file that reports 2,450 passes. One that reports 2,550 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}.
{C_36.00.a,r0010,c0010,} = {C_36.00.a,r0020,c0010,} + {C_36.00.a,r0040,c0010,} + {C_36.00.a,r0030,c0010,}The next one:
{C_36.00.a,r0010,c0020,} = {C_36.00.a,r0020,c0020,} + {C_36.00.a,r0040,c0020,} + {C_36.00.a,r0030,c0020,}Other rules on C 36.00.a
Every COREP own funds rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.
