confidential and proprietary xbrl in santander group munich, may 10th 2007 confidential and...
TRANSCRIPT
Confidential and Proprietary
XBRL in Santander Group
Munich, May 10th 2007
Confidential and Proprietary
2
Confidential and Proprietary
Index
Introduction
Short Term– Strategy
– Functional Areas and Technical Solution
Medium-Long Term– Organization
– Technical Solution
– Geographical scope
– Internal Information Exchange
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Confidential and Proprietary
Introduction
From the beginning the Santander Group has participated actively in the development and use of XBRL.
This presentation is divided in three parts: An introduction explaining the action items carried out last year.
Making the first steps towards a corporative framework for the use of XBRL.
Action items that to be carried out in the short and medium-long term.
The following slide shows the main action items developed during the last year related to XBRL within the Santander Group.
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Confidential and Proprietary
2005 November
XBRL Communication workshops with business units.
2006 Mayo
13th. International XBRL conference in
Madrid
In productionParticipated in the SIIF project for XBRL exchange jointly with the Bank of Spain
(Santander) 2005 June
(Banesto) May 2006
(SCF) May 2006
Finalization and Testing
Pilot project Department
XBRL
2006 March
2006 June
LaunchDefinition of a Corporate XBRL architecture
Acquisition of XBRL tools.
July-August 2006
2006 December
Abr
May
Mar
Jun
Ene
Jul
Dic
Ago
Feb
Sep
Oct
Nov
Abr
May
Jun
Mar
Ene
Dic
Feb
Oct
Nov
Q2 Q3 Q4 Q1 Q2Q1Q4
2005 2006 2007
Risk information projectBasel II COREP to Bank of Spain
Corporate Plan – XBRL Projects – Milestone Summary
2007 March
Architecture component design and development
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Confidential and Proprietary
Index
Introduction
Short Term– Strategy
– Functional Areas and Technical Solution
Medium-Long Term– Organization
– Technical Solution
– Geographical scope
– Internal Information Exchange
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Current Situation. Short Term Strategy. XBRL international consortium propose as strategy to diffuse the language firstly
to the documents with financial information to enlarge it later on to the non financial information
After that the specifications will extend so that all the external financial documents (inside each jurisdiction, to develop extensions to the general or main taxonomy that reflect the particularities of the different activity sectors)
Following the same strategy in the short term, the Santander Group will focus using XBRL for regulatory reporting purpose.
International XBRL Strategy
External Financial Information
Internal Financial Information
Internal Non-Financial Information
External Non-Financial Information
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Current Situation. Short Term Strategy.
To be compliance with regulatory reports: Two actions: Maintain the present solution Installing a new Bank of Spain converter that will provide support to
the taxonomy of COREP.
Start the construction of XBRL corporate framework elements for the Santander Group, adapting to the 2007 and 2008 plans that will require:
Analyze all areas involved Gradual implantation of the elements Maximize the benefit for the users
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External reporting. Current situation. Present Functional Areas.
Public Reporting SIIF
Basel II - COREP
Anti - money laundering(SEPBLAC)
CNMV (IPP)
FINREP
Tech solution Participating Organizations
Bank of Spain software
Bank of Spain software
Excel. XBRL embedded
CNMV´s Excelembedded
National Agency for Tax Administration
SantanderBanestoSCF (Hispamer)
Santander
SantanderBanesto
SantanderBanesto
Functional Areas
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Confidential and Proprietary
Index
Introduction
Short Term– Strategy
– Functional Areas and Technical Solution
Medium-Long Term– Organization
– Technical Solution
– Geographical scope
– Internal Information Exchange
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Confidential and Proprietary
Organization
USERS XBRL Group
XBRLAssociations
XBRLAssociations
Development Teams Development Teams
Tools SuppliersTools SuppliersSupervisoryRegulators
Anti – Money laundering
Official Reports
BIS II
Others
XBRLLaboratory
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MANAGEMENT OF THE DEVELOPMENT LIFE CYCLE
MANAGEMENT OF THE DEVELOPMENT LIFE CYCLE XBRL REPORTING APPLICATIONXBRL REPORTING APPLICATION
XBRL LABORATORYXBRL LABORATORY BUSINESS USERSBUSINESS USERS
UseDevelop XBRL
reporting
XBRLCOMPONENTS
XBRLCOMPONENTS
MAPPING MANAGEMENT
MAPPING MANAGEMENT
INTEGRATION IN THE XBRL
APPLICATION
INTEGRATION IN THE XBRL
APPLICATION
CONVERTIONVALIDATION
CONVERTIONVALIDATION VISUALIZATIONVISUALIZATION ENCODED
& SENTENCODED
& SENT
XBRLGroup
Organization
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BANK OF SPAIN
SignCompres.Encode
Send
SignCompres.Encode
Send
Conversion XBRL
Conversion XBRL
Validation Of
XBRLInstances
Validation Of
XBRLInstances
Storage of Instances
Send by email
Acknowled-gement receipt
Signed Instances
Taxs. Instances
Error viewer Error viewer
Search engine to look for and
display instances
Search engine to look for and
display instances
XBRL EXTERNAL REPORTING APPLICATIONXBRL EXTERNAL REPORTING APPLICATION
Application Origin of the information
Technical Solution Send XBRL from the platform server without user intervention or
intervention by the local connection software Converter XBRL (Proprietary) Validation XBRL (Proprietary) XBRL Corporate Repositories Using the server to control and monitor the information sent to the
Bank of Spain
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Geographic Scope.
Currently the geographic scope of the project is focused on organizations that reside in Spain, however the solution is being designed so that any organization can apply it if it be necessary, adhering to local regulatory body standards.
CC HoldingCC Holding
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INT
ER
NA
LP
UB
LIC
TA
XO
NO
MIE
S
Document
XBRL Spain
Nationals by sector ES-BE-FS
Santander Group
Internal
IASB
International FinancialReporting Standards
IFRS
XBRL International
Internationalsby sector
XBRL Spain
Nationals
XBRL Reporting Typology / Scope of use of Taxonomies
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Santander Group is evaluating the possibility of using XBRL in their internal processes.
The idea would be that the communications between systems could be carried out with XBRL. The processes of information exchange that are currently carried out between systems by means of plain text (or any other simple format) interfaces, would be done in XBRL.
Advantages:
The language becomes unified internally.
All the systems / applications would be in disposition of communicating with the exterior without having a conversion process.
It improves validation processes of the sent information.
Inconveniences:
High initial cost of transformation.
Complex technical solution for different platforms.
Possible impact in intermediates tools for exploiting information.
Internal Information Exchange