The rule in plain words
Data should exceed or be equal to zero
In Information on derivatives, securities financing and long settlement transactions of SDDTs (CCR SDDT) (SC34.00.01.01): every value in 17 rows (listed below) in "Notional amounts" (column 0010), "Long positions" (column 0020) and "Short positions" (column 0030) 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 SC34.00.01 as reported.
- 04This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
Information on derivatives, securities financing and long settlement transactions of SDDTs (CCR SDDT) (SC34.00.01.01)
Rows
- R0010Total derivative, securities financing and long settlement transactions
- R0020of which: derivative transactions
- R0030of which: cleared through a QCCP
- R0040of which: cleared through a non-QCCP
- R0050of which: securities financing transactions
- R0060of which: cleared through a QCCP
- R0070of which: cleared through a non-QCCP
- R0080of which: long settlement transactions
- R0090of which: cleared through a QCCP
- R0100of which: cleared through a non-QCCP
- R0110Derivative transactions not cleared through a CCP
- R0120of which: not margined
- R0160Interest rate derivatives
- R0170Foreign exchange derivatives
- R0180Credit derivatives
- R0190Equity derivatives
- R0200Other derivatives
Columns
- C0010Notional amounts
- C0020Long positions
- C0030Short positions
Which returns it applies to
Line4 Check runs it on the own funds for SDDTs (PRA116) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to own funds for SDDTs (PRA116) 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 formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
{t: SC34.00.01.01, r: 0010; 0020; 0030; 0040; 0050; 0060; 0070; 0080; 0090; 0100; 0110; 0120; 0160; 0170; 0180; 0190; 0200, c: 0010; 0020; 0030} >= 0Other rules on Information on derivatives, securities financing and long settlement transactions of SDDTs (CCR SDDT) (SC34.00.01.01)
- For relevant rows, the last column should be the long positions less the short positions (boe_b0087-1_ss)Blocking
- Information on derivatives, securities financing and long settlement transactions of SDDTs (CCR SDDT): a total must equal the sum of its parts (boe_b0091_ss)Blocking
- Information on derivatives, securities financing and long settlement transactions of SDDTs (CCR SDDT): values must agree (boe_b0093_ss)Blocking
- The 'of which' rows should be less than or equal to the total 'of which' row (boe_b0094_ss)
- The 'of which' rows should be less than or equal to the total 'of which' row (boe_b0095_ss)
- The 'of which' row should be less than or equal to the derivatives not cleared through a CCP row (boe_b0096_ss)
- Check that the breakdown of derivatives is equal to the total derivative transactions reported in row 0020 (boe_b1037_ss)Blocking
Every PRA banking rule on SC34.00.01.01
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.