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

Leverage ratio calculation (LRCalc): values must agree (LV47.00.00.01, Bank of England check boe_b0023)

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 rule

The rule in plain words

The total exposure measure excluding central bank claims using a fully phased-in definition of tier 1 capital (leverage) must be equal to the total exposure measure including central bank claims reported in row 0281 of this column, less the amount of claims on central banks reported in row 0283 of this column.

In column "Daily/Monthly Average over the reporting quarter (LREQ firms only)" (0020) of Leverage ratio calculation (LRCalc) (LV47.00.00.01): "Total exposure measure excluding claims on central banks - using a fully phased-in definition of tier 1 capital (leverage)" (row 0290) must equal "Total exposure measure including claims on central banks - using a fully phased-in definition of tier 1 capital (leverage)" (row 0281) minus the size of "(-) Claims on central banks excluded" (row 0283) (ignoring its sign).

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.

This is a blocking check. A return that fails it is normally rejected, so fix it before you submit. It runs only when your filing indicators mark LV47.00.00 as reported.

The cells it reads

Leverage ratio calculation (LRCalc) (LV47.00.00.01)

Rows

  • R0281Total exposure measure including claims on central banks - using a fully phased-in definition of tier 1 capital (leverage)
  • R0283(-) Claims on central banks excluded
  • R0290Total exposure measure excluding claims on central banks - using a fully phased-in definition of tier 1 capital (leverage)

Column

  • 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: 0290, c: 0020} = {t: LV47.00.00.01, r: 0281, c: 0020} - abs({t: LV47.00.00.01, r: 0283, c: 0020})

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.