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

Defaulted exposures shouldn't exceed TOTAL Exposures (OF07.00.01.02, Bank of England check boe_b1070)

A blocking check on the credit and counterparty credit risks and free deliveries: standardised approach to capital requirements (CR SA) - Of which: Arising from Counterparty Credit Risk template (OF07.00.01.02), 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

Defaulted exposures shouldn't exceed TOTAL Exposures

In column "Of which: Arising from Counterparty Credit Risk" (0210) of Credit and counterparty credit risks and free deliveries: standardised approach to capital requirements (CR SA) - Of which: Arising from Counterparty Credit Risk (OF07.00.01.02): "of which: Exposures to corporates - Specialised lending - Project finance exposures" (row 0023) must equal the sum of "of which: pre-operational phase" (row 0024), "of which: operational phase" (row 0025) and "of which: high quality operational phase" (row 0026).

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  3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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) - Of which: Arising from Counterparty Credit Risk (OF07.00.01.02)

Rows

  • 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

Column

  • C0210Of which: Arising from Counterparty Credit Risk

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

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: OF07.00.01.02, r: 0023, c: 0210} = sum({t: OF07.00.01.02, r: 0024; 0025; 0026, c: 0210})

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

scope({t: OF07.00.01.02, 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 OF07.00.01.02

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.