Transcript Diapositiva 1

FINANCIAL INFORMATION EXCHANGE
SYSTEM BETWEEN BANCO DE ESPAÑA AND
CREDIT INSTITUTIONS USING XBRL (SIIF)
Angeles Lozano
Víctor Morilla
October 2006
INFORMATION AND PROCCESS SYSTEMS
Precedents
Taxonomía
XBRL
XBRL
XBRL
2003
Pilot Project
appraisal Companies using XBRL
2004
Architecture for
XBRL projects
2005
SIIF Project
2004
Director Plan to apply XBRL
INFORMATION AND PROCCESS SYSTEMS
2
Infrastructure
Infraestructura XBRL
Clients

CREDIT INSTITUTIONS, BCE,
CLIENTS/INTERNAL USER...
XBRL/XML
HTTP/SOAP/SMTP/FTP/MQSERIES/MSMQ/...
Access channels
Channel adaptors, Web Services,
SMTP
Security
Business process management
Services
Firewall XML,
Audit
Authentication
Infrastructure services
Printout
Generation
Logs services
...
Directory
Services
Data Persistency
XBRL services
Access control
templates, Transformation, Analysis, Validation, storage...
Messages management
Connectors , Mappers, Validation, routing, ITA, etc.
...
ESB
HOST
Datawarehouse
Contents
Management
Application
Server
...
Commercial
Software
Bank of Spain Information and process system (EIS)
INFORMATION AND PROCCESS SYSTEMS
3
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 Basel’s Accord Solvency Information
 European Taxonomy: COREP
 New Spanish reporting regulation foreseen
INFORMATION AND PROCCESS SYSTEMS
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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
INFORMATION AND PROCCESS SYSTEMS
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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
INFORMATION AND PROCCESS SYSTEMS
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SIIF- Financial Information exchange system
Phase I
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TAXONOMY
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INFORMATION AND PROCCESS SYSTEMS
0056
2.1. Depósitos en entidades de crédito
2.6. Derivados de negociación
0071
0051
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SIIF- Financial Information exchange system
Phase I
Banco de España
Financial information inserted
into current systems
Credit Entity
Labels
Pres.
Use
taxonomy for
validation
Generate XBRL
files
XBRL
Transfer files to
Banco de España
INFORMATION AND PROCCESS SYSTEMS
Ref.
Def.
Calc.
ES-IFRSFS
Use
taxonomy for
validation
Receive files validated against
taxonomy
Reception at
Banco de España
XBRL
8
Statements fulfilment
SIIF- Financial Information exchange system
Phase I. Architecture
Infrastructure, communication and security services
XBRL
DOCS
SMTP MAIL
Signed & Ciphered
Access
Channel
- Deciphering
- Authentication
- Access control
Reply
XBRL
DOCS
Project specific
processing
- Validation
- Activity recording
- User Reply
- Translation to plain
text
EAI
Presentation
Helper Services
Host
Plain
text
Helper Services
Front-End
HTTP
HTTPS
Validation
XBRL Web Services
Fulfilment
state
DB
- Pre-validation
- Visualization
- Fulfilment state
query
- Taxonomies
Library
Financial Entities
INFORMATION AND PROCCESS SYSTEMS
Bank of Spain
9
SIIF- Financial Information exchange system
Phase II
INFORMATION AND PROCCESS SYSTEMS
10
SIIF- Financial Information exchange system
Phase II
BANCO DE ESPAÑA
RP24
Página 1 de 3
REQUERIMIENTOS DE RECURSOS PROPIOS POR RIESGO DE CRÉDITO PARA TITULIZACIONES.
MÉTODO ESTÁNDAR
Correspondiente al _____ de _______________________________ de _________
Año
ENTIDAD: _________________________________________________________________
TITULIZACIONES SINTÉTICAS: PROTECCIÓN CREDITICIA SOBRE LAS
EXPOSICIONES TITULIZADAS
1
P
POSICIONES EN
TITULIZACIONES
(-) TOTAL SALIDAS
(-) COBERTURA DEL
IMPORTE NOCIONAL
RIESGO DE CRÉDITO
DE LA COBERTURA
COBERTURA DEL
MEDIANTE GARANTÍAS
DEL RIESGO DE
EXPOSICIÓN ORIGINAL
RIESGO DE CRÉDITO
REALES O
CRÉDITO RETENIDA O
CON
GARANTÍAS
INSTRUMENTOS
RECOMPRADA
PERSONALES:
SIMILARES (CVAM)
VALORES AJUSTADOS
(GA)
2
3
4
5
Estado
Matriz o
presentadora
(*)
TÉCNICAS DE REDUCCIÓN DEL RIESGO DE CRÉDITO CON EFECTO EN LA REASIGNACIÓN DE
EXPOSICIONES
(-) CORRECCIONES DE
VALOR POR
DETERIORO DE
ACTIVOS Y
PROVISIONES
EXPOSICIÓN NETA DE
CORRECCIONES DE
VALOR POR
DETERIORO DE
ACTIVOS Y
PROVISIONES
6
COBERTURA DEL
COBERTURA DEL
RIESGO DE CRÉDITO
RIESGO DE CRÉDITO
CON GARANTÍAS
MEDIANTE GARANTÍAS
PERSONALES:
REALES O
VALORES AJUSTADOS
INSTRUMENTOS
(GA)
SIMILARES
7=5+6
8
EFECTO DE LAS TÉCNICAS DE REDUCCIÓN DEL
RIESGO DE CRÉDITO EN LA REASIGNACIÓN DE
EXPOSICIONES
(-) TOTAL SALIDAS
9
TOTAL ENTRADAS
10
11
TOTAL EXPOSICIONES
0001
0031
0061
0091
0121
0151
0181
0211
0241
0271
0301
1 ORIGINADOR: TOTAL EXPOSICIONES
0005
0035
0065
0095
0125
0155
0185
0215
0245
0275
0305
0006
0036
0066
0096
0126
0156
0186
0216
0246
0276
0306
1.1.1 TRAMOS DE MAYOR PRIORIDAD EN EL
0007
ORDEN DE PRELACIÓN DE PAGOS
0037
0067
0097
0127
0157
0187
0217
0247
0277
0307
1.1.2 TRAMOS INTERMEDIOS
0008
0038
0068
0098
0128
0158
0188
0218
0248
0278
0308
1.1.3 PRIMERAS PÉRDIDAS
1.1 EXPOSICIONES DE BALANCE
0009
0039
0069
0099
0129
0159
0189
0219
0249
0279
0309
1.2 EXPOSICIONES FUERA DE BALANCE Y
DERIVADOS
0010
0040
0070
0100
0130
0160
0190
0220
0250
0280
0310
1.3 CLÁUSULAS DE AMORTIZACIÓN
ANTICIPADA
0011
0041
0071
0101
Item: Original Exposure
Context:
Date: 31-12-2007
Exposure class: Traditional
exposure type: First Losses
0131
0161
0191
0221
0251
0281
0311
2 INVERSOR: TOTAL EXPOSICIONES
0135
0165
0195
0225
0255
0285
0315
2.1 EXPOSICIONES DE BALANCE
0136
0166
0196
0226
0256
0286
0316
2.1.1 TRAMOS DE MAYOR PRIORIDAD EN EL
ORDEN DE PRELACIÓN DE PAGOS
0137
0167
0197
0227
0257
0287
0317
2.1.2 TRAMOS INTERMEDIOS
0138
0168
0198
0228
0258
0288
0318
2.1.3 PRIMERAS PÉRDIDAS
0139
0169
0199
0229
0259
0289
0319
INFORMATION AND PROCCESS SYSTEMS
Código
entidad
(**)
S
TIPO DE TITULIZACIÓN:
_________________________________________________________________
TOTAL EXPOSICIONES
TITULIZADAS
ORIGINADAS
Mes
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SIIF- Financial Information exchange system
Phase II
SPANISH COREP TEMPLATES




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
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
INFORMATION AND PROCCESS SYSTEMS
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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
INFORMATION AND PROCCESS SYSTEMS
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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
INFORMATION AND PROCCESS SYSTEMS
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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
INFORMATION AND PROCCESS SYSTEMS
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THANKS FOR YOUR ATTENTION
INFORMATION AND PROCCESS SYSTEMS
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