The rule in plain words
Row 0072 should be less than r0070 as it's an 'of which:' row
In each of 10 columns (listed below) of Geographical breakdown of exposures by residence of the obligor: SA exposures (OF CR GB 1) (OF09.01.01.01): "Corporates" (row 0070) must not be less than "of which: specialised lending - commodities finance exposures" (row 0072).
What to do if your return fails it
- 01Open the tables below and find the cells the rule reads.
- 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.
- 03The Bank of England allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark OF09.01.01 as reported.
- 05This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
Geographical breakdown of exposures by residence of the obligor: SA exposures (OF CR GB 1) (OF09.01.01.01)
Rows
- R0070Corporates
- R0072of which: specialised lending - commodities finance exposures
Columns
- C0010Original exposure pre conversion factors
- C0020Defaulted exposures
- C0040Observed new defaults for the period
- C0050General credit risk adjustments
- C0055Specific credit risk adjustments
- C0060Write offs
- C0061Additional value adjustments and other own funds reductions
- C0070Credit risk adjustments/write-offs for observed new defaults
- C0075Exposure value
- C0090Risk-weighted exposure amount
Geographical breakdown of exposures by residence of the obligor (SA EXPOSURES) (CR GB 1) (SC09.01.01.01)
Rows
- R0070Corporates
- R0072of which: specialised lending - commodities finance exposures
Columns
- C0010Original exposure pre conversion factors
- C0020Defaulted exposures
- C0040Observed new defaults for the period
- C0050General credit risk adjustments
- C0055Specific credit risk adjustments
- C0060Write offs
- C0061Additional value adjustments and other own funds reductions
- C0070Credit risk adjustments/write-offs for observed new defaults
- C0075Exposure value
- C0090Risk-weighted exposure amount
Which returns it applies to
Line4 Check runs it on the own funds (PRA001) and own funds for SDDTs (PRA116) returns on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to own funds for SDDTs (PRA116) and own funds (PRA001) 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: OF09.01.01.01, r: 0070} >= {t: OF09.01.01.01, r: 0072}Where it applies, in the Bank's words (its scope):
scope({t: OF09.01.01.01, c:0010;0020;0040;0050;0055;0060;0061;0070;0075;0090, f: banking, fv: banking_reporting})Other rules on Geographical breakdown of exposures by residence of the obligor: SA exposures (OF CR GB 1) (OF09.01.01.01)
- Row 0071 should be less than r0070 as it's an 'of which' row (boe_b0604)Blocking
- R0073 should be less than or equal to r0070 as it's an 'of which' row (boe_b0606)Blocking
- Corporates - of which SME exposures should not exceed total corporates exposures (boe_b0603)Blocking
- R0085 should be less than or equal to r0080 as it's an 'of which' row (boe_b0607)Blocking
- R0091 should be less than or equal to r0090 as it's an 'of which' row (boe_b0608)Blocking
- R0092 should be less than or equal to r0090 as it's an 'of which' row (boe_b0609)Blocking
- R0093 should be less than or equal to r0090 as it's an 'of which' row (boe_b0610)Blocking
- R0094 should be less than or equal to r0090 as it's an 'of which' row (boe_b0611)Blocking
Every PRA banking rule on OF09.01.01.01
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.