The rule in plain words
Assets and leverage exposures should be positive
In PRA supplementary data section (SC701.00.03.01): every value in "Total balance sheet assets" (row 0270) and "Total Leverage Ratio exposure measure - using a fully phased-in definition of Tier 1 capital" (row 0281) in "Q4" (column 0050), "Q8" (column 0090) and "Year-end following Q8" (column 0100) must be zero or more.
What to do if your return fails it
- 01Open the table below and find the cells the rule reads.
- 02Look for a value below zero in these cells, such as an amount entered as a negative number.
- 03It runs only when your filing indicators mark SC701.00.03 as reported.
- 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
PRA supplementary data section (SC701.00.03.01)
Rows
- R0270Total balance sheet assets
- R0281Total Leverage Ratio exposure measure - using a fully phased-in definition of Tier 1 capital
Columns
- C0050Q4
- C0090Q8
- C0100Year-end following Q8
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.
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
{t: SC701.00.03.01, r: 0270; 0281, c: 0050; 0090; 0100} >= 0Checks 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.