PRA110. HQLA and usable liquidity. Overnight and higher maturity. Total: a value must not be more than another (CL66.01.01.07, CL66.01.01.01, Bank of England check boe_b2008_55_m)

The rule in plain words

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

1. 01Open the tables below and find the cells the rule reads.
2. 02Compare the values in your return. If the first is bigger than it may be, one of them is wrong: check both before you change either.
3. 03The Bank of England allows a small rounding difference, worked out from the decimals each value is reported with.
4. 04It runs only when your filing indicators mark CL66.01.01 as reported.
5. 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

Which returns it applies to

Line4 Check runs it on the liquidity pillar II (PRA110) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to liquidity pillar II (PRA110) 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_b2008_55_m: T1: CL66.01.01.01; T2: CL66.01.01.07; Expression: {CL66.01.01.01, r7240, c7380} <= {CL66.01.01.07, r7390, c7380} + {CL66.01.01.07, r7400, c7380} + {CL66.01.01.07, r7410, c7380}

Other rules on PRA110. HQLA and usable liquidity. Overnight and higher maturity. Total (CL66.01.01.07)

Every PRA banking rule on CL66.01.01.07

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.