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

Prudent valuation: fair-valued assets and liabilities (PRUVAL 1): a total must equal the sum of its parts (C32.01.01.01, Bank of England check v6325_m)

A blocking check on the prudent valuation: fair-valued assets and liabilities (PRUVAL 1) template (C32.01.01.01), in the own funds (PRA001) return.

Line4 Check runs it on the own funds (PRA001) return, proven on test files, check by check: the same outcome on all three test files of that return.

Check your file for this ruleWhat to do if it fails

The rule in plain words

In column "Exactly matching" (0030) of Prudent valuation: fair-valued assets and liabilities (PRUVAL 1) (C32.01.01.01): "Total fair-valued liabilities" (row 0150) must equal the sum of "Financial liabilities held for trading" (row 0160), "Trading financial liabilities" (row 0170), "Financial liabilities designated at fair value through profit or loss" (row 0180), "Fair value changes of the hedged items in portfolio hedge of interest rate risk" (row 0200) and "Haircuts for trading liabilities at fair value" (row 0210).

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  3. 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.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 C32.01.01 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

Prudent valuation: fair-valued assets and liabilities (PRUVAL 1) (C32.01.01.01)

Rows

  • R0150Total fair-valued liabilities
  • R0160Financial liabilities held for trading
  • R0170Trading financial liabilities
  • R0180Financial liabilities designated at fair value through profit or loss
  • R0200Fair value changes of the hedged items in portfolio hedge of interest rate risk
  • R0210Haircuts for trading liabilities at fair value

Column

  • C0030Exactly matching

A worked example

With simple numbers.

Illustrative values
Financial liabilities held for trading1,200
Trading financial liabilities800
Financial liabilities designated at fair value through profit or loss450
Fair value changes of the hedged items in portfolio hedge of interest rate risk300
Haircuts for trading liabilities at fair value150
Together2,900
What the rule then expects

Total fair-valued liabilities 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 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:

v6325_m: [C32.01.01.01 (c0030)] {r0150} = {r0160} + {r0170} + {r0180} + {r0200} + {r0210}
Show the formulaShow

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

{t: C32.01.01.01, r: 0150, c: 0030} = {t: C32.01.01.01, r: 0160, c: 0030} + {t: C32.01.01.01, r: 0170, c: 0030} + {t: C32.01.01.01, r: 0180, c: 0030} + {t: C32.01.01.01, r: 0200, c: 0030} + {t: C32.01.01.01, r: 0210, c: 0030}

Every PRA banking rule on C32.01.01.01

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.