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1 min readWarningBank of England banking taxonomy 4.1.1Updated 11 November 2026

"Peak default fund contribution (where made)" must not be less than "Average default fund contribution (where made)" (SR807.04.07.01, Bank of England check boe_b1072_m)

A warning on the part 4: Central counterparties template (SR807.04.07.01), in the use of financial market infrastructures (RFB007) return.

Line4 Check runs it on the use of financial market infrastructures (RFB007) return, proven on test files, check by check: the same outcome on all seven test files of that return.

Check your file for this ruleWhat to do if it fails

The rule in plain words

In Part 4: Central counterparties (SR807.04.07.01): "Peak default fund contribution (where made)" (column 070) must not be less than "Average default fund contribution (where made)" (column 060).

What to do if your return fails it

  1. 01Open the table below and find the cells the rule reads.
  2. 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.
  3. 03It runs only when your filing indicators mark SR807.04.07 as reported.
  4. 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 4: Central counterparties (SR807.04.07.01)

Columns

  • C060Average default fund contribution (where made)
  • C070Peak default fund contribution (where made)

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_b1072_m: T1: SR807.04.07.01; Expression: {SR807.04.07.01, c070} >= {SR807.04.07.01, c060}
Show the formulaShow

The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.

{t: SR807.04.07.01, c: 070} >= {t: SR807.04.07.01, c: 060}

Every PRA banking rule on SR807.04.07.01

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.