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

Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements (CR SA): a total must equal the sum of its parts (OF07.00.01.01, Bank of England check boe_b0699)

A blocking check on the credit and counterparty credit risks and free deliveries: standardised approach to capital requirements (CR SA) template (OF07.00.01.01), in the own funds (PRA001) return.

Line4 Check runs it on the own funds (PRA001) return, proven on test files, check by check: the same outcome on all three test files of that return.

Check your file for this ruleWhat to do if it fails

The rule in plain words

FULLY ADJUSTED EXPOSURE VALUE is the sum of NET EXPOSURE AFTER CRM SUBSTITUTION EFFECTS PRE CONVERSION FACTOR, VOLATILITY ADJUSTMENTS and Adjusted FINANCIAL COLLATERAL

In each of 31 rows (listed below) of Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements (CR SA) (OF07.00.01.01): "Fully adjusted exposure value (E*)" (column 0150) must equal the sum of "Net exposure after CRM substitution effects pre conversion factors" (column 0110), "Volatility adjustment to the exposure" (column 0120) and "(-) Financial collateral: adjusted value (Cvam)" (column 0130).

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. 02Add up the parts in your return and compare the result with the total.
  3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
  4. 04The Bank of England allows a small rounding difference, worked out from the decimals each value is reported with.
  5. 05It runs only when your filing indicators mark OF07.00.01 as reported.
  6. 06This 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 (CR SA) (OF07.00.01.01)

Rows

  • R0010Total exposures
  • R0020of which: SME
  • R0021of which: Exposures to corporates - Specialised lending - Object finance exposures
  • R0022of which: Exposures to corporates - Specialised lending - Commodities finance exposures
  • R0023of which: Exposures to corporates - Specialised lending - Project finance exposures
  • R0024of which: pre-operational phase
  • R0025of which: operational phase
  • R0026of which: high quality operational phase
  • R0050of which: Exposures subject to the standardised approach subject to a permanent partial use permission
  • R0060of which: Exposures subject to the standardised approach due to a roll-out plan
  • R0070On-balance sheet exposures subject to credit risk
  • R0080Off-balance sheet exposures subject to credit risk
  • R0281Look-through approach
  • R0282Mandate-based approach
  • R0283Fall-back approach
  • R0284of which: exposures to relevant CIUs
  • R0285of which: exposures to relevant CIUs
  • R0330of which: Real estate exposures - regulatory residential real estate exposures
  • R0331of which: not materially dependent on the cash flows generated by the property
  • R0332of which: materially dependent on the cash flows generated by the property
  • R0340of which: Real estate exposures - regulatory commercial real estate exposures
  • R0341of which: not materially dependent on the cash flows generated by the property
  • R0342of which: materially dependent on the cash flows generated by the property
  • R0343of which: to SMEs
  • R0344of which: to SMEs
  • R0350of which: Real estate exposures - other real estate exposures
  • R0351of which: residential real estate - not materially dependent on the cash flows generated by the property
  • R0352of which: residential real estate - materially dependent on the cash flows generated by the property
  • R0353of which: commercial real estate - not materially dependent on the cash flows generated by the property
  • R0354of which: commercial real estate - materially dependent on the cash flows generated by the property
  • R0360of which: Real estate exposures - land acquisition, development and construction exposures

Columns

  • C0110Net exposure after CRM substitution effects pre conversion factors
  • C0120Volatility adjustment to the exposure
  • C0130(-) Financial collateral: adjusted value (Cvam)
  • C0150Fully adjusted exposure value (E*)

Sheets

  • S0001Total (SA exposures)
  • S0002Central governments or Central banks
  • S0003Regional governments or local authorities
  • S0004Public sector entities
  • S0005Multilateral development banks
  • S0006International organisations
  • S0007Institutions
  • S0008Corporates
  • S0009Retail
  • S0010Real estate exposures
  • S0011Exposures in default
  • S0012Exposures associated with particularly high risk
  • S0013Eligible covered bonds
  • S0015Exposures in the form of units or shares in collective investment undertakings (‘CIUs’)
  • S0016Subordinated debt, equity and other own funds instruments
  • S0017Other items

A worked example

With simple numbers.

Illustrative values
Net exposure after CRM substitution effects pre conversion factors1,200
Volatility adjustment to the exposure800
(-) Financial collateral: adjusted value (Cvam)450
Together2,450
What the rule then expects

Fully adjusted exposure value (E*) must then be 2,450.

2,450Passes
2,550Fails

A file that reports 2,450 passes. One that reports 2,550 fails, by 100.

The numbers are illustrative, reported to the unit, so the rounding tolerance does not change the result.

Which returns it applies to

Line4 Check runs it on the own funds (PRA001) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to 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 formulaShow

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

{t: OF07.00.01.01, c: 0150} = {t: OF07.00.01.01, c: 0110} + {t: OF07.00.01.01, c: 0120} + {t: OF07.00.01.01, c: 0130}

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

scope({t: OF07.00.01.01, r:0010;0020;0021;0022;0023;0024;0025;0026;0050;0060;0070;0080;0281;0282;0283;0284;0285;0330;0331;0332;0340;0341;0342;0343;0344;0350;0351;0352;0353;0354;0360,z:0001;0002;0003;0004;0005;0006;0007;0008;0009;0010;0011;0012;0013;0015;0016;0017, f: banking, fv: banking_reporting})

Every PRA banking rule on OF07.00.01.01

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.