STATUS REPORT

Rome, 23th April 2010

Ignacio Boixo and Katrin SchmehlCEBS XBRL Operational Network

New FINREP, updated COREP

COREP rev2 (Jan 2010) XBRL taxonomy

Differential report on COREP 1.3.0

FINREP taxonomy, 2009-12-31. Public exposure

Transformation of business requirements in an IT oriented structure

COREP and FINREP both represent EU Directives by way of a framework of instructions and tables comprising:

A set of cells

A set of breakdowns

The set of valid combinations of cells and breakdowns (facts)

The first step from an IT point of view is normalize (in the IT sense) the framework of tables into a formal data model.

The formal data model is NOT linked with any specific format (CSV, XML, Flat File, XBRL, OWL…)

multidimensionaldata model

Transformation of business requirements in an IT oriented structure

CEBS frameworksCEBS frameworks Data modelsData models

CEBS XBRL ON analyses both frameworks- identification of the differences- provision of recommendation- query for solutions to the COREP and FINREP ON

Transformation of business requirements in an IT oriented structure

PdAssignedObligorGrade 2.365,00

OriginalExposurePreConversionFactors 4.568,00

OfWhichArisingFrom 1.234,00

Guarantees 4.787,00

CreditDerivatives 1.234,00

OtherFundedCreditProtection 9.564,00

TotalOutflows 1.264,00

TotalInflows 8.545,00

Institutions

Yes

Total Exposures

On Balance Sheet

Formal Data Model aka DATA POINTS

Best Practices

XBRL Operation Network

Best Practices on Data Definitions

http://www.xbrlwiki.info/index.php?title=Best_Practices_on_Data_Definitions

Ongiong Consultation Paper: COREP

• Harmonisation at IT level

CEBS develops and maintains the COREP XBRL taxonomy and recommend the use of XBRL across its Member States in the COREP guidelines. To complement the XBRL taxonomy, CEBS will incorporate and recommend IT best practices on cell definitions in order to standardise conversions to decimal values, precision, percentages, threshold/tolerance margins, identification of reporting institutions, and administrative codes, among other factors.

European Commision requested fundraising 2010

Task Description Budget

T1 & T7Commercial &Proof of conecpt tools

Open call for “demos” of commercial solutions and a competition for FINREP proof-of-concept IT tools is being planned. This “crowdsourcing” strategy is suggested by Inforpress Group.

15,000 €

T2, T5 & T6Test casesFINREP updateFormulae

FINREP O. N.: Test cases, validation definitions, Framework update (IAS 39)Contract: FINREP Taxonomy update and Formulae

25,000 €

T8 ™ Register "Eurofiling" as Trade Mark in Europe 3,000 €

T9 Collaboration Framework

T9 Provision of Collaborative Framework, Webmaster and administrative support, for the CEBS XBRL Operational Network

12,000 €

TOTAL 55,000 €

XBRL Operational Network of the

www.c-ebs.org

www.eurofiling.info

Ignacio Boixo Katrin Schmehl+34 618526434 +496995666584

info@eurofiling.info