Part 2: Exposures to intragroup counterparties: every value in the cells it covers must be zero or less (SR801.02.01.01, Bank of England check boe_v2058_s)

The rule in plain words

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 bigger than it may be, one of them is wrong: check both before you change either.
3. 03It runs only when your filing indicators mark SR801.02.01 as reported.
4. 04This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

Which returns it applies to

Line4 Check runs it on the intragroup exposures (RFB001) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to intragroup exposures (RFB001) 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_v2058_s: T1: SR801.02.01.01; columns: {SR801.02.01.01, c190;200;240;250;260;270;280;290;300;310;320}; Expression: {SR801.02.01.01} <= 0

Other rules on Part 2: Exposures to intragroup counterparties (SR801.02.01.01)

Every PRA banking rule on SR801.02.01.01

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.