The rule in plain words
Total must equal debt securities plus loans and advances.
EBA checks it for twelve columns, from ≤ 30 days (0010) to > 90 days (0120). That makes twelve 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.
> 90 days: TOTAL = Debt securities + Loans and advances
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- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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 F 07.01 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
Financial assets subject to impairment that are past due (F 07.01)
Rows
- 0060Debt securities
- 0120Loans and advances
- 0190TOTAL
Columns
- 0010≤ 30 days
- 0020> 30 days ≤ 90 days
- 0030> 90 days
- 0040≤ 30 days
- 0050> 30 days ≤ 90 days
- 0060> 90 days
- 0070≤ 30 days
- 0080> 30 days ≤ 90 days
- 0090> 90 days
- 0100≤ 30 days
- 0110> 30 days ≤ 90 days
- 0120> 90 days
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}.
{F_07.01,r0190,c0090,} = {F_07.01,r0060,c0090,} + {F_07.01,r0120,c0090,}The next five:
{F_07.01,r0190,c0040,} = {F_07.01,r0060,c0040,} + {F_07.01,r0120,c0040,}{F_07.01,r0190,c0100,} = {F_07.01,r0060,c0100,} + {F_07.01,r0120,c0100,}{F_07.01,r0190,c0070,} = {F_07.01,r0060,c0070,} + {F_07.01,r0120,c0070,}{F_07.01,r0190,c0020,} = {F_07.01,r0060,c0020,} + {F_07.01,r0120,c0020,}{F_07.01,r0190,c0050,} = {F_07.01,r0060,c0050,} + {F_07.01,r0120,c0050,}And 6 more, the same formula for the other cells it covers.
Other rules on F 07.01
- None of the 312 values it checks in financial assets subject to impairment that are past due can be negative (v5677_s)Warning
- Assets without significant increase in credit risk since initial recognition (Stage 1): loans and advances cannot be less than the sum of two rows (v0824_m)Warning
- Purchased or originated credit-impaired financial assets: loans and advances cannot be less than the sum of two rows (v0823_m)Warning
- Loans and advances cannot be less than project finance loans (v0822_m)Warning
- Loans and advances must equal the sum of its seven parts (v0821_m)Warning
- Debt securities must equal the sum of its five parts (v0819_m)Warning
Every FINREP 9 rule, by template
Checks like this one, run at the point of submission, are the first step to real-time supervision.