The rule in plain words
Values reported in these columns should be greater than or equal to zero
In Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements for SDDTs (CR SA SDDT) - Memorandum items - Equity exposures - transitional provisions (SC07.00.01.04): every value in the cells it covers on sheet "Subordinated debt, equity and other own funds instruments" (sheet 0016) 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 SC07.00.01 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
Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements for SDDTs (CR SA SDDT) - Memorandum items - Equity exposures - transitional provisions (SC07.00.01.04)
Rows
- R0371Standardised Transitional Approach (higher risk equity exposures)
- R0372Standardised Transitional Approach (other equity exposures)
Columns
- C0200Exposure value
- C0220Risk-weighted exposure amount
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: SC07.00.01.04, z: 0016} >= 0Where it applies, in the Bank's words (its scope):
scope({t: SC07.00.01.04, r:0371;0372,c:0200;0220, f: banking, fv: banking_reporting_sddt})Other rules on Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements for SDDTs (CR SA SDDT) - Memorandum items - Equity exposures - transitional provisions (SC07.00.01.04)
- Check that reported values are positive numbers or zero (boe_b0145_ss)
- Check that reported values are positive numbers or zero (boe_b0143_ss)
Every PRA banking rule on SC07.00.01.04
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.
