The rule in plain words
RISK-WEIGHTED EXPOSURE AMOUNT cross-template consistency for Real Estate Exposures of which: Regulatory commercial real estate
In Geographical breakdown of exposures by residence of the obligor: SA exposures (OF CR GB 1) (OF09.01.01.01): "of which: Land acquisition, development and construction" in column "Original exposure pre conversion factors" (row 0094, column 0010) (where country where the exposure is generated is "All countries") must equal "of which: Real estate exposures - land acquisition, development and construction exposures" in column "Original exposure pre conversion factors" (row 0360, column 0010) on sheet "Real estate exposures" (sheet 0010) in Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements (CR SA) (OF07.00.01.01).
What to do if your return fails it
- 01Open the tables below and find the cells the rule reads.
- 02The two values must be the same. Find which of the two is right, and correct the other one.
- 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 OF07.00.01 and OF09.01.01 as reported.
- 05This is a warning. It does not stop the return on its own, but your supervisor may ask you to explain it.
The cells it reads
Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements (CR SA) (OF07.00.01.01)
Row
- R0360of which: Real estate exposures - land acquisition, development and construction exposures
Column
- C0010Original exposure pre conversion factors
Sheet
- S0010Real estate exposures
Geographical breakdown of exposures by residence of the obligor: SA exposures (OF CR GB 1) (OF09.01.01.01)
Row
- R0094of which: Land acquisition, development and construction
Column
- C0010Original exposure pre conversion factors
Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements for SDDTs (CR SA SDDT) (SC07.00.01.01)
Row
- R0360of which: Real estate exposures - land acquisition, development and construction exposures
Column
- C0010Original exposure pre conversion factors
Sheet
- S0010Real estate exposures
Geographical breakdown of exposures by residence of the obligor (SA EXPOSURES) (CR GB 1) (SC09.01.01.01)
Row
- R0094of which: Land acquisition, development and construction
Column
- C0010Original exposure pre conversion factors
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 warning.
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: 0094, c: 0010, filter: [eba_dim:CEG] = [eba_GA:x1]} = {t: OF07.00.01.01, r: 0360, c: 0010, z: 0010}Other rules on Geographical breakdown of exposures by residence of the obligor: SA exposures (OF CR GB 1) (OF09.01.01.01)
- Exposure value cross-template consistency for Real Estate Exposures of which: Regulatory commercial real estate (boe_b0986)
- Original exposure pre conversion factors cross-template consistency for Real Estate Exposures of which: Other real estate (boe_b0988)
- Original exposure pre conversion factors cross-template consistency for Real Estate Exposures of which: Regulatory commercial real estate (boe_b0985)
- Exposure value cross-template consistency for Real Estate Exposures of which: Other real estate (boe_b0989)
- Risk-weighted exposure amount cross-template consistency for Real Estate Exposures of which: Regulatory residential real estate (boe_b0984)
- Risk-weighted exposure amount cross-template consistency for Real Estate Exposures of which: Other real estate (boe_b0990)
- Exposure value cross-template consistency for Real Estate Exposures of which: Regulatory residential real estate (boe_b0983)
- Geographical breakdown of exposures by residence of the obligor: SA exposures (OF CR GB 1): two values must match (boe_b0991)
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.