Memorandum items for SDDTs (CA4 SDDT): SCB and own funds requirements should be positive (SC04.00.03.01, Bank of England check boe_b0017_ss)

The rule in plain words

What to do if your return fails it

1. 01Open the table below and find the cells the rule reads.
2. 02Look for a value below zero in these cells, such as an amount entered as a negative number.
3. 03It runs only when your filing indicators mark SC04.00.03 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

Which returns it applies to

Line4 Check runs it on the capital+ forecast annual for SDDTs and SDDT consolidation entities (PRA118) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to capital+ forecast annual for SDDTs and SDDT consolidation entities (PRA118) 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.

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.