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4 min readBlockingBank of England banking taxonomy 4.1.1Updated 11 November 2026

Leverage ratio calculation (LRCalc): a total must equal the sum of its parts (LV47.00.00.01, Bank of England check boe_b0002_ss)

A blocking check on the leverage ratio calculation (LRCalc) template (LV47.00.00.01), in the leverage ratio (LVR001) return.

Line4 Check runs it on the leverage ratio (LVR001) return, proven on test files, check by check: the same outcome on all eight test files of that return.

Check your file for this ruleWhat to do if it fails

The rule in plain words

The total exposure measure excluding claims on central banks using a transitional definition of tier 1 capital (leverage) must be equal to the sum of rows 0010 to 0260, 0280 and 0283 of this column (this expression replaces boe_b0027)

In each of "LR Exposure: Reporting reference date" (column 0010) and "Daily/Monthly Average over the reporting quarter (LREQ firms only)" (column 0020) of Leverage ratio calculation (LRCalc) (LV47.00.00.01): "Total exposure measure excluding claims on central banks - using a transitional definition of tier 1 capital (leverage)" (row 0300) must equal the sum of 51 rows (listed below).

The headline gives only the template and the kind of check, because the rule is too long to say in a headline. The plain words above say all of it.

What to do if your return fails it

  1. 01Open the table below and find the cells the rule reads.
  2. 02Add up the parts in your return and compare the result with the total.
  3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
  4. 04The Bank of England allows a small rounding difference, worked out from the decimals each value is reported with.
  5. 05It runs only when your filing indicators mark LV47.00.00 as reported.
  6. 06This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

Leverage ratio calculation (LRCalc) (LV47.00.00.01)

Rows

  • R0010SFTs: Exposure value
  • R0020SFTs: Add-on for counterparty credit risk
  • R0030Derogation for SFTs: Add-on in accordance with Article 429e(5) and 222 CRR
  • R0040Counterparty credit risk of SFT agent transactions
  • R0050(-) Exempted CCP leg of client-cleared SFT exposures
  • R0061Derivatives: Replacement cost under the SA-CCR (without the effect of collateral on net independent collateral amount (NICA))
  • R0065(-) Effect of the recognition of collateral on NICA on QCCP client-cleared transactions (SA-CCR - replacement cost)
  • R0071(-) Effect of the eligible cash variation margin received offset against derivatives market value (SA-CCR - replacement cost)
  • R0081(-) Effect of the exempted CCP leg of client-cleared trade exposures (SA-CCR -replacement cost)
  • R0091Derivatives: Potential future exposure contribution under SA-CCR (multiplier at 1)
  • R0092(-) Effect lower multiplier for QCCP client-cleared transactions on the PFE contribution (SA-CCR - Potential future exposure)
  • R0093(-)Effect of the exempted CCP leg of client-cleared trade exposures (SA-CCR approach-potential future exposure)
  • R0101Derogation for derivatives: Replacement costs contribution under the simplified standardised approach
  • R0102(-) Effect of exempted CCP leg of client-cleared trade exposures (simplified standardised approach - replacement costs)
  • R0103Derogation for derivatives: Potential future exposure contribution under the simplified standardised approach (multiplier at 1)
  • R0104(-)Effect of exempted CCP leg of client-cleared trade exposures (simplified standardised approach - potential future exposure)
  • R0110Derogation for derivatives: Original exposure method
  • R0120(-) Exempted CCP leg of client-cleared trade exposures (original exposure method)
  • R0121Derogation for derivatives: the SDDT method in accordance with Article 429c(6)
  • R0130Capped notional amount of written credit derivatives
  • R0140(-) Eligible purchased credit derivatives offset against written credit derivatives
  • R0150Off-balance sheet items with a 10% CCF in accordance with Article 429f CRR
  • R0160Off-balance sheet items with a 20% CCF in accordance with Article 429f CRR
  • R0170Off-balance sheet items with a 50% CCF in accordance with Article 429f CRR
  • R0180Off-balance sheet items with a 100% CCF in accordance with Article 429f CRR
  • R0181(-) General credit risk adjustments to off balance sheet items
  • R0185Regular-way purchases and sales awaiting settlement: Accounting value under trade date accounting
  • R0186Regular-way sales awaiting settlement: Reverse out of accounting offsetting under trade date accounting
  • R0187(-) Regular-way sales awaiting settlement: Offset in accordance with 429g(2) CRR
  • R0188Regular-way purchases awaiting settlement: Full recognition of commitments to pay under settlement date accounting
  • R0189(-) Regular-way purchases or sales awaiting settlement: Offset for assets under settlement date accounting in accordance with 429g(3) CRR
  • R0190Other assets
  • R0191(-) General credit risk adjustments to on balance sheet items
  • R0193Cash pooling arrangements that cannot be netted prudentially: Value in the accounting framework
  • R0194Cash pooling arrangements that cannot be netted prudentially: Effect of grossing-up the netting applied in the accounting framework
  • R0195Cash pooling arrangements that can be netted prudentially: Value in the accounting framework
  • R0196Cash pooling arrangements that can be netted prudentially: Effect of grossing-up the netting applied in the accounting framework
  • R0197(-) Cash pooling arrangements that can be netted prudentially: Recognition of netting in accordance with Article 429b(2) CRR
  • R0198(-) Cash pooling arrangements that can be netted prudentially: Recognition of netting in accordance with Article 429b(3) CRR
  • R0200Gross up for derivatives collateral provided

And 12 more.

Columns

  • C0010LR Exposure: Reporting reference date
  • C0020Daily/Monthly Average over the reporting quarter (LREQ firms only)

Which returns it applies to

Line4 Check runs it on the leverage ratio (LVR001) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to leverage ratio (LVR001) returns, as a blocking check.

The Bank’s own words and formula

The first paragraph of the plain words above is the Bank of England’s own, word for word, from its list of validations. The second spells out its formula, with each cell named from its templates.

Show the formulaShow

The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.

{t: LV47.00.00.01, r: 0300} = sum({t: LV47.00.00.01, r: 0010; 0020; 0030; 0040; 0050; 0061; 0065; 0071; 0081; 0091; 0092; 0093; 0101; 0102; 0103; 0104; 0110; 0120; 0121; 0130; 0140; 0150; 0160; 0170; 0180; 0181; 0185; 0186; 0187; 0188; 0189; 0190; 0191; 0193; 0194; 0195; 0196; 0197; 0198; 0200; 0210; 0220; 0230; 0240; 0250; 0251; 0253; 0254; 0260; 0280; 0283})

Where it applies, in the Bank's words (its scope):

scope({t: LV47.00.00.01, c:0010;0020, f: banking, fv: leverage_ratio})

Every PRA banking rule on LV47.00.00.01

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.