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

(LR7) Treatment of repurchase transactions: values must agree (LV50.00.00.01, Bank of England check boe_b0048)

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 rule

The rule in plain words

'Net repo amount (period end)' amount is the higher value of zero and the difference between 'Gross repo (period end)' and 'Netted amounts (period end)'

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 LV50.00.00 as reported.

The cells it reads

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

Rows

  • R0010Total repo activity
  • R0020of which activity for franchise clients
  • R0030of which level 1 HQLA
  • R0040of which intra-group activity

Columns

  • C0010Gross repo (period end)
  • C0020Netted amounts (period end)
  • C0030Net 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 plain words above are the Bank of England’s own, word for word, from its list of validations.

Show the formulaShow

The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.

{t: LV50.00.00.01, c: 0030} = imax(0, {t: LV50.00.00.01, c: 0010} - {t: LV50.00.00.01, c: 0020})

Where it applies, in the Bank's words (its scope):

scope({t: LV50.00.00.01, r:0010;0020;0030;0040, f: banking, fv: leverage 2023-05-11})

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.