The rule in plain words
In row "Total for all entities in the RFB sub-consolidation group other than ring-fenced banks" (row 010) of Part 1: Aggregate information (SR807.01.07.01): "Peak daily volume processed" (column 070) must not be less than "Average daily volume processed" (column 060).
What to do if your return fails it
- 01Open the table 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.
- 03It runs only when your filing indicators mark SR807.01.07 as reported.
- 04This 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
Part 1: Aggregate information (SR807.01.07.01)
Row
- R010Total for all entities in the RFB sub-consolidation group other than ring-fenced banks
Columns
- C060Average daily volume processed
- C070Peak daily volume processed
Which returns it applies to
Line4 Check runs it on the use of financial market infrastructures (RFB007) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to use of financial market infrastructures (RFB007) returns, as a warning.
The Bank’s own words and formula
The plain words above spell out the Bank’s formula, with each cell named from its templates. In the Bank of England’s list of validations, word for word:
boe_b1036_m: T1: SR807.01.07.01; rows: {SR807.01.07.01, r010}; Expression: {SR807.01.07.01, c070} >= {SR807.01.07.01, c060}
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
{t: SR807.01.07.01, c: 070} >= {t: SR807.01.07.01, c: 060}Where it applies, in the Bank's words (its scope):
scope({t: SR807.01.07.01, r: 010, seq: False, f: banking, fv: structural_reform})Other rules on Part 1: Aggregate information (SR807.01.07.01)
- Part 1: Aggregate information: "Peak daily value processed" must not be less than "Average daily value processed" (boe_b1035_m)
- Part 1: Aggregate information: "Peak daily value processed" must not be less than "Average daily value processed" (boe_b1037_m)
- Part 1: Aggregate information: "Peak daily volume processed" must not be less than "Average daily volume processed" (boe_b1034_m)
- Part 1: Aggregate information: a value must not be less than another (boe_b1038_m)
- Part 1: Aggregate information: every value in the cells it covers must be zero or more (boe_b1033_s)
- "Peak default fund contribution (where made)" must not be less than "Average default fund contribution (where made)" (boe_b1039_m)
- Part 1: Aggregate information: every value in the cells it covers must be zero or more (boe_b1149_s)
Every PRA banking rule on SR807.01.07.01
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.
