8329397d10acbe6b5be37d13fabd36d1.ppt
- Количество слайдов: 22
XBRL-CRAS CREDIT RISK ASSESSMENT SERVICES FLIPA Project update Seattle conference – Nov. 05, 2003 V. Bert – GERLING NCM
Content § Introduction § Why is XBRL-CRAS different? § Taxonomy overview § Project overview § Questions Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 1
Content § Introduction § Why is XBRL-CRAS different? § Taxonomy overview § Project overview § Questions Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 2
Who are we? XBRL-Int’l XBRL-CRAS working group Credit Risk Assessment Services FLIPA Taxonomy Credit Insurance Business Info. suppliers Other projects welcomed! Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 3
The XBRL-CRAS project receives special attention from XBRL International and other 3 rd parties because CRAS has specificities that other XBRL projects do not have. . . Content Application • CRAS members reports information on other companies • XBRL usually used to report financial figures about the company • XBRL is usually used to produce information • CRAS intends to develop an end-to-end application including querying, answering modes, … XBRL CRAS • The need to use standard semantic terms through code lists is specific to XBRL -CRAS • XBRL allows the use of code list – no technical difficulty. • Phase 1 will recycle the existing business requirements which makes CRAS quickly ready to start technical implementation Business semantic & Code Lists Business Requirements Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 4
Even with the support we continuously receive from XBRL Int’l, CRAS still has to manage key success factors to ensure smooth delivery of the target Project Challenges International context & large group (different companies) Key Success Factors § Ensure good communication through centralized support office § Obtain steering committee support to assign local resources No dedicated resources § Outsource tasks when it is feasible / reasonable § Assign a task to chase completion of targets Wide business container § Main focus on NON-Financial business information Short time-to-market Evolving XBRL Specifications Lack of XBRL expertise among project members § Leverage every independent XML initiatives towards XBRL § Ensure quick decision-making and easy implementation § XBRL experts to be integrated in the design strategy process § Final technical validation to be performed on stable requirements § Need assistance from external experts and learn for the future Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 5
XBRL-CRAS project team agreed on assumptions that paves the way towards the implementation of an end-to-end application Electronic credit report Deliver a first electronic credit report trough an end-to-end application Transaction context Run XBRL Instance document in Synchronous real time transaction environment (10. 000’s per day) Business semantics & Code Lists Use of common existing code lists as defined under GREFIS, UN/EDIFACT & ISO Language Develop a multi-language case to benefit from XBRL flexibility for labels and code lists Technical XBRL Specs Develop under XBRL Specification 2. 1 Security items (encryption, signature, …) managed outside of the FLIPA project Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 6
Content § Introduction § Why is XBRL-CRAS different? § Taxonomy overview § Project overview § Questions Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 7
XBRL-CRAS : The FLIPA taxonomy Message information non-XBRL e-Report over XBRL Sender, Envelope Product, header. . . Entity Related entities Key Credit Business Negative financial recomme rating events figures ndation Envelope trailer … XBRL-CRAS FLIPA taxonomy extract Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 8
XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements) Item Identification Related entities Legal form - Current Legal form - former Activity Description Ø Organization Business Ids Ø Organization Name / Trade name Ø Organization Address Ø Branch/head office information Ø Organization Business Ids Ø Organization Name Ø Organization Address Ø Type of relationship: Shareholders/shareholdings/affiliates Ø Nb of shares Ø % of shares Ø Code, Ø Description Long, Ø Description short, Ø Date start Ø Code (SIC, Nace…) Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 9
XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements) Item Trading countries Operation status Description Ø Trade Class (importer/Exporter), Ø Country, Ø % of total Ø Code List: Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 10
XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements) Item Trend Trade Morality Financial situation Payment Trend Description Ø Level, Ø Up, down Ø Undetermined Ø Good, Ø Average, Ø Poor, Ø Undetermined Ø Strong, Ø Weak… Ø Payment scores Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 11
XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements) Item Status Business outlook Payment behavior Description Ø Operating, Ø Chapter 11, 13 Ø Dormant… Ø Trend up, Ø Flat, Ø Trend down Ø General experience: ØSlow, ØSlow 30, … ØPrompt Payment details Ø Detail with trading partners, ØHigh credit, ØOwes, ØPast due ØTerms Nb of employees Ø Location, Ø Headquarters / Branch Ø Nb of employee / seasonnal Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 12
XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements) Item Financial statement data Industry ratios Principal and management Real estate properties Financial institutions Description Ø Use of existing taxonomies: ØIFRS, US GAAP, German AP… ØFull or extracts only Ø Trade sector standards Ø Names Ø Mgt titles, Ø Background Ø General property, Ø Total value, Ø General mortgage information, Ø Total value of mortgage, Ø Dates, Ø Address Ø Name, Ø Address, Ø Customer since, Ø Type and amount of Credit Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 13
XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements) Item Credit Recommendation Business ratings - current Business ratings - former Score Negative events Description Ø Amount Ø Type of rating, Ø Rating, Ø Agency Name and address, Ø Score Type and value, Ø Type and Amount, Ø Nb & Status, Ø Dates occurred Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 14
Taxonomy extensibility: CRAS, FLIPA, jurisdiction or company Taxonomy extensions Message information non-XBRL e-Report over XBRL Sender, Envelope Product, header. . . Entity Related entities Entity Key Credit Business Negative financial recomme rating events figures ndation Related entities Business rating XBRL-CRAS taxonomy extract Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted Balance Sheet Profit & Loss Country specific XBRL extension IFRS US GAAP GERMAN AP SPANISH GAAP Envelope trailer … … Other… Company specific XBRL Extension 15
Content § Introduction § Why is XBRL-CRAS different? § Taxonomy overview § Project overview § Questions Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 16
FLIPA project The project is organized in competence areas: - to deliver the key results expected from the different workstreams - to ensure right level of project governance, monitoring & coordination - to establish communication to the external world. Responsibilities of each project are detailed in appendix Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 17
FLIPA project In order to develop the electronic report product, the project team has identified the following workstreams to be performed… WS 0 Project Office and Steering preparation WS 1 Project Management and Liaison team § CRAS Chairmanship § Project Management § Project reporting § Champion CRAS cause Project Office, Budget and resource definition, WS 2 Business Requirements WS 3 XBRL Taxonomy development § WG project management § TWG Project Management § Finalize Business Requirements § Taxonomy design strategy § Design conceptual samples § Data Model § Validation Rules § Taxonomy Implementation § Sign-off code lists § Taxonomy certification Planning, § Testing Implementation Road map. WS 4 Non-XBRL components § Technical Layer § Transaction Infrastructure definition WS 5 Pilot testing & Implementation § Pilot testing coordination § Infrastructure Set. Up § Product and service handling § Interoperability testing § Testing § Validation and signoff § Quality Assurance Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 18
FLIPA project De c Design to cost: THE reasonable approach to deliver the CRAS FLIPA taxonomies on time Description § Reasonable approach to deliver phases 1 and 2 on time Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 2003 2004 Phase 1 50% isi on by SC 2005 17 /1 0/0 3 Phase 2 100% 19
… and proposed the following planning to have the phase 1 ended in March 2004 Man/days WS 0 Internal External Project office and 1 st steering preparation 20 20 WS 1 Mar Project Management and Liaison activities 40 31 WS 2 Feb Business Requirements 81 0 WS 3 Jan XBRL Taxonomy development & QA 90 36 WS 4 Dec Non-XBRL components 40 0 WS 5 Nov E-report testing / 0 271 87 Testing not included as dependant on company specific infrastructure Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 20
Content § Questions & Answers For further Information please refer to our Website and egroup: http: //www. grefis. org/xbrl-cras. htm http: //groups. yahoo. com/group/XBRL-CRAS/ Vincent BERT Senior Manager Group Business Information Dept. * GERLING NCM 44 Av G. Pompidou 92300 Levallois-Perret FRANCE Tél. : +33 (0)1 41 05 71 40 Fax : +33 (0)1 56 90 01 09 E-mail : Vincent. Bert@gerlingncm. com To be renamed « atradius » on 01/01/04 Nov, 2003 – 8 th XBRL Int’l conference -CRAS wg update – V. Bert - Restricted 21
8329397d10acbe6b5be37d13fabd36d1.ppt