Diapositiva 1

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Precedents
2004 Architecture for XBRL projects
2003 Pilot Project appraisal Companies using
XBRL
2005 SIIF Project
2004 Director Plan to apply XBRL
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Infrastructure
Infraestructura XBRL

E S B
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SIIF- Financial Information exchange system

• SIIF Phase I
• International accounting regulation
• International Standard Taxonomy IFRS-GP
• New reporting regulation Banco de España
  regulation 4/2004 on December 2004
• SIIF Phase II
• New Basels Accord Solvency Information
• European Taxonomy COREP
• New Spanish reporting regulation foreseen

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SIIF- Financial Information exchange system

• Objectives

SIIF Phase I Credit institutions reporting public
financial statements to Bank of Spain
SIIF Phase II Credit institutions reporting
capital requirements statements to Bank of Spain

• Safe channel to submit data
• Small impact on currency systems
• Automatically identifying errors and problems
• Helper services to facilitate XBRL adoption by
  credit institutions

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SIIF- Financial Information exchange system

• Organization
• Credit institutions participating in the project
  from the beginning SCH, BBVA, Banco Popular,
  Banco Cooperativo Español, CECA, Caja Madrid y
  Caixa
• Working group created to
• Introduce XBRL Standard
• Present a modular solution
• Analyze functional and technical requirements
• Design facilities (converter, helper services...)
• Describe the final solution in detail

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SIIF- Financial Information exchange systemPhase
I
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SIIF- Financial Information exchange systemPhase
I
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SIIF- Financial Information exchange systemPhase
I. Architecture
Infrastructure, communication and security
services
EAI
Project specific processing
Host
Access Channel
Plain text
Statements fulfilment

• - Deciphering
• Authentication
• Access control

SMTP MAIL Signed Ciphered

• Validation
• Activity recording
• User Reply
• Translation to plain text

Reply
Bank of Spain
Fulfilment state DB
Helper Services Front-End
HTTP HTTPS

• Pre-validation
• Visualization
• Fulfilment state query
• Taxonomies Library

Helper Services
Financial Entities
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SIIF- Financial Information exchange system
Phase II
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SIIF- Financial Information exchange system
Phase II
Item Original Exposure Context Date
31-12-2007 Exposure class Traditional
exposure type First Losses
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SIIF- Financial Information exchange system
Phase II

• SPANISH COREP TEMPLATES
• Market Risk Internal Models Detail not required
• Some breakdowns not required
• Some grey areas are enabled
• Some dimensions not required
• Some typed dimensions limited to a small set of
  values
• New templates
• Solvency / accountancy link template
• Big risks detail
• New interest rate risk statements

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SIIF- Financial Information exchange system
Phase II

• New events in COREP
• Complexity of COREP taxonomy and use of
  dimensions impacts on
• Validation
• Visualization and validation helper services
• Mapping data to the backend requirements
• More complex checks and formulas applied
• New business requirements

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SIIF- Financial Information exchange system
Phase II

• Complex checks
• Operations not supported by calculation linkbase
• Arithmetic comparisons
• Operations between contexts
• Checking for the presence of items if some rules
  apply
• Comments are mandatory in some conditions
• Statements of different periodicities
• Probably, COREP Spanish taxonomy will use current
  formula draft to express these complex checks

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SIIF- Financial Information exchange system
Phase II

• New business requirements
• Footnotes management
• Capital requirements footnotes will contain some
  comments about data submitted
• E-Mail notification
• Notifying credit institutions about pending
  submissions

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• THANKS FOR YOUR ATTENTION