The rule in plain words

Column 0220 is for risk-weighted exposure amount (exposure value * risk weight i.e. 150% in the case of 0240 unless additional risk weight multipliers apply), row 0240 is 150% risk weight, therefore 0220 should equal or exceed c 0200 multiplied by 150%

In row "150%" (0240) of Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements (CR SA) (OF07.00.01.01): "Risk-weighted exposure amount" (column 0220) must not be less than "Exposure value" (column 0200) multiplied by 1.5.

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

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 OF07.00.01 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

Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements (CR SA) (OF07.00.01.01)

Row

R0240150%

Columns

C0200Exposure value
C0220Risk-weighted exposure amount

Sheets

S0001Total (SA exposures)
S0009Retail
S0010Real estate exposures

Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements for SDDTs (CR SA SDDT) (SC07.00.01.01)

Row

R0240150%

Columns

C0200Exposure value
C0220Risk-weighted exposure amount

Sheets

S0001Total (SA exposures)
S0009Retail
S0010Real estate exposures

Which returns it applies to

Line4 Check runs it on the own funds (PRA001), step-in risk (PRA115) 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), own funds (PRA001) and step-in risk (PRA115) returns. It is blocking for PRA116 and PRA001, and a warning for PRA115.

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, r: 0240, c: 0220} >= {t: OF07.00.01.01, r: 0240, c: 0200} * 1.5

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

scope({t: OF07.00.01.01, z:0001;0009;0010, f: banking, fv: banking_reporting})

The same code in the step-in risk (PRA115) return: another check

The Bank of England uses boe_b1015 for a different check in the step-in risk (PRA115) return. There it is a warning on identification of step-in entities (SI1) (SI01.00.01.01).

If "Yes in combination" is selected in SI01 c0070 then a group code is expected in column 0080, else don't complete column 0080

Identification of step-in entities (SI1) (SI01.00.01.01)

Column

C0070Is the entity material?

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}.

if {t: SI01.00.01.01, c: 0070} = [boe_eba_ZZ:x10018] then StringLength(dim({t: SI01.00.01.01, c: 0070},[boe_dim:GCE])) > 0 else StringLength(dim({t: SI01.00.01.01, c: 0070},[boe_dim:GCE]))=0

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.

Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements (CR SA): a value must not be less than another (OF07.00.01.01, SC07.00.01.01, Bank of England check boe_b1015)