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

"Financial liabilities held for trading" must equal the sum of "Derivatives", "Short positions" and "Debt securities issued" (SR14.00.04.01, Bank of England check boe_v0920_m)

A blocking check on the intragroup financial reporting (detailed breakdown) Part 1: Fair value hierarchy: financial instruments at fair value template (SR14.00.04.01), in the intragroup financial reporting (core and detailed breakdowns) (RFB004) return.

Line4 Check runs it on the intragroup financial reporting (core and detailed breakdowns) (RFB004) return, proven on test files, check by check: the same outcome on all eight test files of that return.

Check your file for this ruleWhat to do if it fails

The rule in plain words

In column "Level 1" (column 0060) of Intragroup financial reporting (detailed breakdown) Part 1: Fair value hierarchy: financial instruments at fair value (SR14.00.04.01): "Financial liabilities held for trading" (row 0150) must equal the sum of "Derivatives" (row 0160), "Short positions" (row 0170) and "Debt securities issued" (row 0190).

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  3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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 SR14.00.04 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

Intragroup financial reporting (detailed breakdown) Part 1: Fair value hierarchy: financial instruments at fair value (SR14.00.04.01)

Rows

  • R0150Financial liabilities held for trading
  • R0160Derivatives
  • R0170Short positions
  • R0190Debt securities issued

Column

  • C0060Level 1

A worked example

With simple numbers.

Illustrative values
Derivatives1,200
Short positions800
Debt securities issued450
Together2,450
What the rule then expects

Financial liabilities held for trading must then be 2,450.

2,450Passes
2,550Fails

A file that reports 2,450 passes. One that reports 2,550 fails, by 100.

The numbers are illustrative, reported to the unit, so the rounding tolerance does not change the result.

Which returns it applies to

Line4 Check runs it on the intragroup financial reporting (core and detailed breakdowns) (RFB004) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to intragroup financial reporting (core and detailed breakdowns) (RFB004) returns, as a blocking check.

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_v0920_m: T1: SR14.00.04.01; columns: {SR14.00.04.01, c0060}; Expression: {SR14.00.04.01, r0150} = {SR14.00.04.01, r0160} + {SR14.00.04.01, r0170} + {SR14.00.04.01, r0190}
Show the formulaShow

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

{t: SR14.00.04.01, r: 0150} = {t: SR14.00.04.01, r: 0160} + {t: SR14.00.04.01, r: 0170} + {t: SR14.00.04.01, r: 0190}

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

scope({t: SR14.00.04.01, c: 0060, seq: False, f: banking, fv: structural_reform})

Every PRA banking rule on SR14.00.04.01

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.