"Own funds requirements" multiplied by 12.5 must equal "Total risk exposure amount" (OF23.00.01.01, OF02.00.01.01, Bank of England check v0630_m)

The rule in plain words

This is a blocking check. A return that fails it is normally rejected, so fix it before you submit. It runs only when your filing indicators mark OF23.00.01 as reported.

The cells it reads

Which returns it applies to

Line4 Check runs it on the own funds (PRA001) return on Bank of England banking taxonomy 4.1.1. The Bank of England applies it to own funds (PRA001) 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:

v0630_m: [OF23.00.01.01] {r0010, c0060} * 12.5 = {r0010, c0070}

Other rules on Market risk: standardised approaches for position risk in commodities (MKR SA COM) (OF23.00.01.01)

Every PRA banking rule on OF23.00.01.01

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.