INFORMATION AND PROCCESS SYSTEMS FINANCIAL INFORMATION EXCHANGE SYSTEM BETWEEN BANCO DE ESPAÑA AND CREDIT INSTITUTIONS USING XBRL (SIIF) Angeles Lozano.

INFORMATION AND PROCCESS SYSTEMS

FINANCIAL INFORMATION EXCHANGE SYSTEM BETWEEN BANCO DE ESPAÑA AND CREDIT INSTITUTIONS USING XBRL (SIIF)

Angeles Lozano Víctor Morilla

October 2006

2INFORMATION AND PROCCESS SYSTEMS

Precedents

2003

Pilot Project appraisal Companies using XBRL

XBRL XBRL

TaxonomíaXBRL

2004Architecture for XBRL projects

2004 Director Plan to apply XBRL

2005 SIIF Project


Infrastructure

Infraestructura XBRL

XBRL/XMLHTTP/SOAP/SMTP/FTP/MQSERIES/MSMQ/...

Access channels

Channel adaptors, Web Services,SMTP

Data Persistency

Business process management

Infrastructure services

CREDIT INSTITUTIONS, BCE,CLIENTS/INTERNAL USER...

Security

Services

Firewall XML,

AuditAuthentication

Access control

Clients

Messages managementConnectors , Mappers, Validation, routing, ITA, etc.

XBRL servicestemplates, Transformation, Analysis, Validation, storage...

Logs servicesPrintout

GenerationDirectoryServices ...

HOST DatawarehouseContents

ManagementCommercial

SoftwareApplication

Server

Bank of Spain Information and process system (EIS)

...

...E S B


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



Objectives:

SIIF Phase ICredit institutions reporting public financial statements to Bank of Spain

SIIF Phase IICredit 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



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


TAXONOMY es-be-fs-2006-01-01

H

HHH

HH

P

H

P

+

+++++

NO

=

C

0071 0051

2.1. Depósitos en entidades de crédito

2.6. Derivados de negociación

0056

L

R

DD

SIIF- Financial Information exchange systemPhase I

TAXONOMY es-be-fs-2006-01-01


SIIF- Financial Information exchange systemPhase I

Transfer files to Banco de España

XBRL

Banco de España

XBRL

Generate XBRL files Receive files validated against

taxonomy

Financial information inserted into current systems

ES-IFRS-FS

Labels

Pres.

Ref.

Calc.Def.

ES-IFRS-FS

Labels

Pres.

Ref.

Calc.Def.Credit Entity

Reception at Banco de España

Use taxonomy for

validation

Use taxonomy for

validation


EAI

SIIF- Financial Information exchange systemPhase I. Architecture

Sta

tem

ents

fulfi

lment

AccessChannel

- Deciphering- Authentication- Access control

Project specific processing

Host

Reply

Infrastructure, communication and security services

SMTP MAILSigned & Ciphered

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

Help

er

Serv

ices

FulfilmentstateDB

XBRLDOCS

Plaintext

XBRL Web Services

Presentation Validation

Helper ServicesFront-End

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

HTTPHTTPS

Financial Entities Bank of Spain

XBRLDOCS


SIIF- Financial Information exchange system Phase II



BANCO DE ESPAÑA

Correspondiente al _____ de _______________________________ de _________ Correspondiente al _____ de _______________________________ de _________

ENTIDAD: _________________________________________________________________P

_________________________________________________________________ TIPO DE TITULIZACIÓN: S

TOTAL EXPOSICIONES 0001 0031 0061 0091 0121 0151 0181 0211 0241

1 ORIGINADOR: TOTAL EXPOSICIONES 0005 0035 0065 0095 0125 0155 0185 0215 0245

0006 0036 0066 0096 0126 0156 0186 0216 0246

0007 0037 0067 0097 0127 0157 0187 0217 0247

0008 0038 0068 0098 0128 0158 0188 0218 0248

0009 0039 0069 0099 0129 0159 0189 0219 0249

0010 0040 0070 0100 0130 0160 0190 0220 0250

0011 0041 0071 0101 0131 0161 0191 0221 0251

2 INVERSOR: TOTAL EXPOSICIONES 0135 0165 0195 0225 0255

0136 0166 0196 0226 0256

0137 0167 0197 0227 0257

0138 0168 0198 0228 0258

0139 0169 0199 0229 0259

1.1.1 TRAMOS DE MAYOR PRIORIDAD EN EL ORDEN DE PRELACIÓN DE PAGOS

1.1.2 TRAMOS INTERMEDIOS

1.1.3 PRIMERAS PÉRDIDAS

2.1 EXPOSICIONES DE BALANCE

2.1.1 TRAMOS DE MAYOR PRIORIDAD EN EL ORDEN DE PRELACIÓN DE PAGOS

2.1.2 TRAMOS INTERMEDIOS

2.1.3 PRIMERAS PÉRDIDAS

1.1 EXPOSICIONES DE BALANCE

EFECTO DE LAS TÉCNICAS DE REDUCCIÓN DEL RIESGO DE CRÉDITO EN LA REASIGNACIÓN DE

EXPOSICIONES

0318

0289 0319

0316

0287 0317

0311

0285 0315

0277 0307

0308

0309

0280 0310

0279

0281

0286

0288

0271

0275 0305

0276 0306

0278

REQUERIMIENTOS DE RECURSOS PROPIOS POR RIESGO DE CRÉDITO PARA TITULIZACIONES.MÉTODO ESTÁNDAR

Código entidad

(**)

Matriz o presentadora

(*)

Página 1 de 3

Mes Estado

RP24

TOTAL ENTRADAS(-) TOTAL SALIDAS

0301

9 102

EXPOSICIÓN ORIGINAL

Año

5 6

EXPOSICIÓN NETA DE CORRECCIONES DE

VALOR POR DETERIORO DE

ACTIVOS Y PROVISIONES

(-) TOTAL SALIDAS

COBERTURA DEL RIESGO DE CRÉDITO

CON GARANTÍAS PERSONALES:

VALORES AJ USTADOS (GA)

IMPORTE NOCIONAL DE LA COBERTURA

DEL RIESGO DE CRÉDITO RETENIDA O

RECOMPRADA

3

(-) CORRECCIONES DE VALOR POR

DETERIORO DE ACTIVOS Y

PROVISIONES

TÉCNICAS DE REDUCCIÓN DEL RIESGO DE CRÉDITO CON EFECTO EN LA REASIGNACIÓN DE EXPOSICIONES


CON GARANTÍAS PERSONALES:

VALORES AJ USTADOS (GA)


MEDIANTE GARANTÍAS REALES O

INSTRUMENTOS SIMILARES

11

POSICIONES EN TITULIZACIONES

1.2 EXPOSICIONES FUERA DE BALANCE Y DERIVADOS

1.3 CLÁUSULAS DE AMORTIZACIÓN ANTICIPADA

TOTAL EXPOSICIONES TITULIZADAS ORIGINADAS

1

TITULIZACIONES SINTÉTICAS: PROTECCIÓN CREDITICIA SOBRE LAS EXPOSICIONES TITULIZADAS

(-) COBERTURA DEL RIESGO DE CRÉDITO

MEDIANTE GARANTÍAS REALES O

INSTRUMENTOS SIMILARES (CVAM)

4 7 = 5 + 6 8

Item: Original ExposureContext: Date: 31-12-2007 Exposure class: Traditional exposure type: First Losses



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



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



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



New business requirements

Footnotes management– Capital requirements footnotes will contain some

comments about data submitted

E-Mail notification– Notifying credit institutions about pending submissions


THANKS FOR YOUR ATTENTION

INFORMATION AND PROCCESS SYSTEMS FINANCIAL INFORMATION EXCHANGE SYSTEM BETWEEN BANCO DE ESPAÑA AND CREDIT INSTITUTIONS USING XBRL (SIIF) Angeles Lozano.

Documents

siif project slide

xbrl xbrl taxonoma xbrl

bank of spain siif phase

xbrl standard

currency systems

xbrl projects

xbrl adoption

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