Line4

2 min readWarningBank of England banking taxonomy 4.1.1Updated 11 November 2026

Leverage ratio calculation (LRCalc): the referenced exposure values shall be less than or equal to zero (this expression replaces boe_b0015) (LV47.00.00.01, Bank of England check boe_b0006_ss)

A warning 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 referenced exposure values shall be less than or equal to zero (this expression replaces boe_b0015)

In Leverage ratio calculation (LRCalc) (LV47.00.00.01): every value in 27 rows (listed below) in "LR Exposure: Reporting reference date" (column 0010) and "Daily/Monthly Average over the reporting quarter (LREQ firms only)" (column 0020) must be zero or less.

What to do if your return fails it

  1. 01Open the table below and find the cells the rule reads.
  2. 02Compare the values in your return. If the first is bigger than it may be, one of them is wrong: check both before you change either.
  3. 03It runs only when your filing indicators mark LV47.00.00 as reported.
  4. 04This is a warning. It does not stop the return on its own, but your supervisor may ask you to explain it.

The cells it reads

Leverage ratio calculation (LRCalc) (LV47.00.00.01)

Rows

  • R0050(-) Exempted CCP leg of client-cleared SFT exposures
  • 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)
  • 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)
  • R0102(-) Effect of exempted CCP leg of client-cleared trade exposures (simplified standardised approach - replacement costs)
  • R0104(-)Effect of exempted CCP leg of client-cleared trade exposures (simplified standardised approach - potential future exposure)
  • R0120(-) Exempted CCP leg of client-cleared trade exposures (original exposure method)
  • R0140(-) Eligible purchased credit derivatives offset against written credit derivatives
  • R0181(-) General credit risk adjustments to off balance sheet items
  • R0187(-) Regular-way sales awaiting settlement: Offset in accordance with 429g(2) CRR
  • R0189(-) Regular-way purchases or sales awaiting settlement: Offset for assets under settlement date accounting in accordance with 429g(3) CRR
  • R0191(-) General credit risk adjustments to on balance sheet items
  • 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
  • R0210(-) Receivables for cash variation margin provided in derivatives transactions
  • R0220(-) Exempted CCP leg of client-cleared trade exposures (initial margin)
  • R0240(-) Fiduciary assets
  • R0250(-) Intragroup exposures (solo basis) exempted in accordance with point (c) of Article 429a(1) CRR
  • R0251(-) IPS exposures exempted in accordance with point (c) of Article 429a(1) CRR
  • R0253(-) Excluded excess collateral deposited at triparty agents
  • R0254(-) Excluded securitised exposures representing significant risk transfer
  • R0260(-) Exposures exempted in accordance with point (j) of Article 429a(1) CRR
  • R0270(-) Asset amount deducted - tier 1 capital (leverage) - fully phased-in definition
  • R0283(-) Claims on central banks excluded
  • R0284(-) of which claims in sterling to the Bank of England

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 warning.

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: 0050; 0065; 0071; 0081; 0092; 0093; 0102; 0104; 0120; 0140; 0181; 0187; 0189; 0191; 0197; 0198; 0210; 0220; 0240; 0250; 0251; 0253; 0254; 0260; 0270; 0283; 0284, c: 0010; 0020} <= 0

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.