The rule in plain words
Total should be the sum of all columns
In each of "Total RWA (U-TREA)" (column 0030) and "Standardised total RWA (S-TREA)" (column 0040) of Output floor - Total RWA (OFL) (OF02.01.01.03): "Total" (row 0080) must equal the sum of 7 rows (listed below).
What to do if your return fails it
- 01Open the tables below and find the cells the rule reads.
- 02Add up the parts in your return and compare the result with the total.
- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
- 04The Bank of England allows a small rounding difference, worked out from the decimals each value is reported with.
- 05It runs only when your filing indicators mark OF02.01.01 as reported.
- 06This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
Own funds requirements (CA2) (OF02.00.01.01)
Rows
- R0010Total risk exposure amount
- R0520Total risk exposure amount for position, foreign exchange and commodities risks
Columns
- C0010All approaches
- C0020Standardised approaches only (Output Floor)
Output floor - Total RWA (OFL) (OF02.01.01.03)
Rows
- R0010Credit risk (excluding counterparty credit risk)
- R0020Counterparty credit risk
- R0030Credit valuation adjustment
- R0040Securitisation exposures in the banking book
- R0060Operational risk
- R0070Residual RWA
Columns
- C0030Total RWA (U-TREA)
- C0040Standardised total RWA (S-TREA)
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 formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
{t: OF02.01.01.03, r: 0080} = sum({t: OF02.01.01.03, r: 0010; 0020; 0030; 0040; 0050; 0060; 0070})Where it applies, in the Bank's words (its scope):
scope({t: OF02.01.01.03, c:0030;0040, f: banking, fv: banking_reporting})Other rules on Output floor - Total RWA (OFL) (OF02.01.01.03)
- Output floor - Total RWA (OFL): total RWA should reflect the sum of RWA for modelled approaches and RWA on standardised approaches (boe_b0723_1)
- Output floor - Total RWA (OFL): total RWA should reflect the sum of RWA for modelled approaches and RWA on standardised approaches (boe_b0723_2)
- Output floor - Total RWA (OFL): total RWA should reflect the sum of RWA for modelled approaches and RWA on standardised approaches (boe_b0723_3)
- Output floor - Total RWA (OFL): total RWA should reflect the sum of RWA for modelled approaches and RWA on standardised approaches (boe_b0723_6)
- Output floor - Total RWA (OFL): total RWA should reflect the sum of RWA for modelled approaches and RWA on standardised approaches (boe_b0723_7)
Every PRA banking rule on OF02.01.01.03
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.