- Question ID
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2020_5277
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Supervisory reporting - COREP (incl. IP Losses)
- Article
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99
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
- Article/Paragraph
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Annex XV
- Type of submitter
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Credit institution
- Subject matter
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Validation rules V_7329; V_7403 and V7409
- Question
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Does validation rule V_7329; V_7403 and V7409 apply for columns that can (should) contain a negative amounts?
- Background on the question
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Negative amounts make that these three validation rules do not hold. v7329_m states according to the validation rules (last updated 10 March 2020): {r0010} >= ({r0450} + {r0460} + {r0470} + {r0480} + {r0500} + {r0510} + {r0520} + {r0530} + {r0540} + {r0550} + {r0560} + {r0570} + {r0580} + {r0590} + {r0600} + {r0610} + {r0620} + {r0630} + {r0640} + {r0650} + {r0660} + {r0670}). This validation rule is also applicable for C0190. However this column should contain a negative amount, making that the validation rule does not work (inconsistent). v7403_m states according to the validation rules (last updated 10 March 2020): {r0030} = {r0040} + {r0050}. This validation rule is also applicable for C0020, C0030, C0060, C0080, C0090, C0100, C0130, C0190, C0900 and c0910. However these columns should contain a negative amount, making that the validation rule does not work (inconsistent). v7409_m states according to the validation rules (last updated 10 March 2020): {r0170} >= {r0180}. This validation rule is also applicable for C0020, C0030, C0060, C0080, C0090, C0100, C0130, C0190, C0900 and c0910. However these columns should contain a negative amount, making that the validation rule does not work (inconsistent).
- Submission date
- Final publishing date
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- Final answer
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While the inclusion of negative and positive sign rows may influence the result or sign of a comparison between values (such as in v7409_m), it does not affect the rules that merely state the result of a formula, already considering the signs of the components (such as v7403_m).
Therefore, v7409_m (and v7329_m) were wrong and have been corrected so that they can apply to columns that may contain negative values, while v7403_m is right as it can be applied already to columns that may contain negative values. - Status
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Final Q&A
- Answer prepared by
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Answer prepared by the EBA.