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

PRA110. HQLA and usable liquidity. Overnight and higher maturity. Significant Currencies: a value must not be more than another (CL66.02.01.07, CL66.02.01.01, Bank of England check boe_b2037_43_m)

A warning on the PRA110. HQLA and usable liquidity. Overnight and higher maturity. Significant Currencies (CL66.02.01.07) and PRA110. Overnight and higher maturity. Significant Currencies (CL66.02.01.01) templates, in the liquidity pillar II (PRA110) return.

Line4 Check does not run it on the liquidity pillar II (PRA110) return. Not compiled, as no cell matches what they read. It reads a value that matches no cell of the return’s templates, so Line4 could not compile it.

Check your PRA110 returnWhat to do if it fails

Line4 Check does not run this check yet, so the button checks your return against the Bank's other checks for it. The validation run when you submit includes this one.

The rule in plain words

In PRA110. HQLA and usable liquidity. Overnight and higher maturity. Significant Currencies (CL66.02.01.07): "Outflows which can be met by posting securities (Total)" in column "Day 42" (row 7240, column 7260) in PRA110. Overnight and higher maturity. Significant Currencies (CL66.02.01.01) must not be more than the sum of "Level 1 Tradable assets" in column "Day 42" (row 7390, column 7260), "Level 2A Tradable Assets" in column "Day 42" (row 7400, column 7260) and "Level 2B Tradable Assets" in column "Day 42" (row 7410, column 7260).

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. 03This 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

PRA110. Overnight and higher maturity. Significant Currencies (CL66.02.01.01)

Row

  • R7240Outflows which can be met by posting securities (Total)

Column

  • C7260Day 42

PRA110. HQLA and usable liquidity. Overnight and higher maturity. Significant Currencies (CL66.02.01.07)

Rows

  • R7390Level 1 Tradable assets
  • R7400Level 2A Tradable Assets
  • R7410Level 2B Tradable Assets

Column

  • C7260Day 42

Which returns it applies to

It is an active check of the Bank's for the liquidity pillar II (PRA110) return on Bank of England banking taxonomy 4.1.1. Line4 Check does not run it yet, for the reason above. 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_b2037_43_m: T1: CL66.02.01.01; T2: CL66.02.01.07; Expression: {CL66.02.01.01, r7240, c7260} <= {CL66.02.01.07, r7390, c7260} + {CL66.02.01.07, r7400, c7260} + {CL66.02.01.07, r7410, c7260}
Show the formulaShow

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

{t: CL66.02.01.01, r: 7240, c: 7260} <= {t: CL66.02.01.07, r: 7390, c: 7260} + {t: CL66.02.01.07, r: 7400, c: 7260} + {t: CL66.02.01.07, r: 7410, c: 7260}

Every PRA banking rule on CL66.02.01.07

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.