The rule in plain words
Total must equal cross-border plus national.
EBA checks it for two columns, all for credit transfers: value of charges for and instant. 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.
of which: instant credit transfers: Total = Cross-border + National
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- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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 02.01 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 02.01 - charges for credit transfers and instant credit transfers (national currency) (S 02.01)
Rows
- 0010Total
- 0050National
- 0060Cross-border
Columns
- 0010Value of charges for credit transfers
- 0020of 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_02.01,r0010,c0020,} = {S_02.01,r0060,c0020,} + {S_02.01,r0050,c0020,}The next one:
{S_02.01,r0010,c0010,} = {S_02.01,r0060,c0010,} + {S_02.01,r0050,c0010,}Other rules on S 02.01
- Total must equal consumers plus PSUs other than consumers (v90082_h)Warning
- Breakdown by PSU type: the absolute value of value of charges for credit transfers cannot be less than the absolute value of instant credit transfers (v90073_h)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 (v89183_m)Warning
- The absolute value of value of charges for credit transfers cannot be less than the absolute value of instant credit transfers (v89173_h)Warning
- Each of the 16 cells it checks in S 02.01: charges for credit transfers and instant credit transfers (national currency) must be reported (e89150_e)Warning
- Total must be reported (e89149_e)Warning
- Total cannot be negative (v89069_s)Warning
- None of the 16 values it checks in S 02.01: charges for credit transfers and instant credit transfers (national currency) can be negative (v89068_s)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.