The rule in plain words
Number of transactions cannot be negative.
EBA checks it for ten rows, from payment services to MFIs (0160) to other services / activities / functions (3) (0240). That makes ten 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.
Number of transactions: Securities settlement services >= 0
What to do if your filing fails it
- 01Open the template below and find the cells the rule reads.
- 02Look for a value with the wrong sign in these cells, such as an amount entered as a negative number.
- 03EBA compares the values exactly here: there is no rounding tolerance.
- 04It runs only when your filing indicators mark Z 07.01.3 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
Criticality assessment of economic functions (FUNC 1 PAY).c (Z 07.01.3.c)
Rows
- 0160Payment services to MFIs
- 0170Payment services to non-MFIs
- 0172(1) Households
- 0174(2) Non-financial corporations - SMEs
- 0176(3) Non-financial corporations – non-SMEs
- 0180Cash services
- 0190Securities settlement services
- 0220Other services / activities / functions (1)
- 0230Other services / activities / functions (2)
- 0240Other services / activities / functions (3)
Column
- 0100Number of transactions
A worked example
The first of its checks, with simple numbers.
Securities settlement services, number of transactions must then be at least 0.
A file that reports 0 passes. One that reports -100 fails, by 100.
The numbers are illustrative.
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}.
{Z_07.01.3.c,r0190,c0100,} >= 0The next five:
{Z_07.01.3.c,r0174,c0100,} >= 0{Z_07.01.3.c,r0170,c0100,} >= 0{Z_07.01.3.c,r0172,c0100,} >= 0{Z_07.01.3.c,r0220,c0100,} >= 0{Z_07.01.3.c,r0160,c0100,} >= 0And 4 more, the same formula for the other cells it covers.
Checks like this one, run at the point of submission, are the first step to real-time supervision.
