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

(LR7) Treatment of repurchase transactions: a value must not be less than another (LV50.00.00.01, Bank of England check boe_b0045)

A blocking check on the (LR7) Treatment of repurchase transactions template (LV50.00.00.01), in the contingent leverage (LVR002) return.

Line4 Check runs it on the contingent leverage (LVR002) 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 amount of 'Total repo activity - gross repo (period end)' must be higher or equal to the amount 'of which intra-group activity - gross repo (period end'

In column "Gross repo (period end)" (0010) of (LR7) Treatment of repurchase transactions (LV50.00.00.01): "Total repo activity" (row 0010) must not be less than "of which intra-group activity" (row 0040).

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. 02Compare the values in your return. If the first is smaller than it may be, one of them is wrong: check both before you change either.
  3. 03It runs only when your filing indicators mark LV50.00.00 as reported.
  4. 04This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

(LR7) Treatment of repurchase transactions (LV50.00.00.01)

Rows

  • R0010Total repo activity
  • R0040of which intra-group activity

Column

  • C0010Gross repo (period end)

Which returns it applies to

Line4 Check runs it on the contingent leverage (LVR002) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to contingent leverage (LVR002) 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: LV50.00.00.01, r: 0010, c: 0010} >= {t: LV50.00.00.01, r: 0040, c: 0010}

Every PRA banking rule on LV50.00.00.01

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.