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

Intragroup financial reporting (detailed breakdown) Breakdown of financial liabilities: a total must equal the sum of its parts (SR08.01.04.01, Bank of England check boe_v2277_m)

A blocking check on the intragroup financial reporting (detailed breakdown) Breakdown of financial liabilities template (SR08.01.04.01), 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 each of "Held for trading" (column 0010), "Designated at fair value through profit or loss" (column 0020) and "Amortised cost" (column 0030) of Intragroup financial reporting (detailed breakdown) Breakdown of financial liabilities (SR08.01.04.01): "Debt securities issued" (row 0360) must equal the sum of "Asset-backed securities" (row 0380), "Certificates of deposits" (row 0370), "Covered bonds" (row 0390), "Hybrid contracts" (row 0400) and "Other debt securities issued" (row 0410).

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 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  3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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 SR08.01.04 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) Breakdown of financial liabilities (SR08.01.04.01)

Rows

  • R0360Debt securities issued
  • R0370Certificates of deposits
  • R0380Asset-backed securities
  • R0390Covered bonds
  • R0400Hybrid contracts
  • R0410Other debt securities issued

Columns

  • C0010Held for trading
  • C0020Designated at fair value through profit or loss
  • C0030Amortised cost

A worked example

With simple numbers.

Illustrative values
Asset-backed securities1,200
Certificates of deposits800
Covered bonds450
Hybrid contracts300
Other debt securities issued150
Together2,900
What the rule then expects

Debt securities issued must then be 2,900.

2,900Passes
3,000Fails

A file that reports 2,900 passes. One that reports 3,000 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_v2277_m: T1: SR08.01.04.01; columns: {SR08.01.04.01, c0010;0020;0030}; Expression: {SR08.01.04.01, r0360} = {SR08.01.04.01, r0380} + {SR08.01.04.01, r0370} + {SR08.01.04.01, r0390} + {SR08.01.04.01, r0400} + {SR08.01.04.01, r0410}
Show the formulaShow

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

{t: SR08.01.04.01, r: 0360} = {t: SR08.01.04.01, r: 0380} + {t: SR08.01.04.01, r: 0370} + {t: SR08.01.04.01, r: 0390} + {t: SR08.01.04.01, r: 0400} + {t: SR08.01.04.01, r: 0410}

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

scope({t: SR08.01.04.01, c: 0010; 0020; 0030, seq: False, f: banking, fv: structural_reform})

Every PRA banking rule on SR08.01.04.01

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.