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Brussels Conference – Nov. 16th, 2004 – Brussels. Content. Introduction Who are we? Industry Requirements Main Deliverables Project Sponsors & Team Next Steps. Who are we?. XBRL-Int’l. XBRL-CRAS working group Credit Risk Assessment Services.

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Brussels Conference – Nov. 16th, 2004 – Brussels

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Brussels conference nov 16th 2004 brussels

Brussels Conference – Nov. 16th, 2004 – Brussels


Content

Content

  • Introduction

  • Who are we?

  • Industry Requirements

  • Main Deliverables

  • Project Sponsors & Team

  • Next Steps


Brussels conference nov 16th 2004 brussels

  • Who are we?


Brussels conference nov 16th 2004 brussels

XBRL-Int’l

XBRL-CRAS working group Credit Risk Assessment Services

Other projects welcomed!

Who are we?

FLIPA Taxonomy Credit InsuranceBusiness Info.suppliers


Brussels conference nov 16th 2004 brussels

V. BERT – Atradius

V. BERT – Atradius

F. PEDRANZINI – D&B

FLIPA project structure


Flipa team members the ones who made it

FLIPA team members: The ones who made it

Project Management

  • AtradiusBERT Vincent (Chairman)

  • PWC(Assistant)

Business Working Group - BWG

Technical Working Group - TWG

  • D&B PEDRANZINI Fabio (vice chair)

  • COFACE HENRIET Benoit

  • COFACE SCRL PERREON-SIMONOT Richard

  • CREDITREFORM RICHTER Thomas

  • EULER HERMESCAMPO DIAZ

  • EXPERIAN MORRIS Oliver

  • Atradius DIRKS Gregor

  • IBERINFORM OHLSSON ALBEA Andrès

  • LINCE MILOVIC Milovan

  • PARIBELLI Giovanni

  • PPAROHLFS Holger

  • CESCE ARNAIZ Mariano (Chairman)

  • INFORMA FERNANDEZ Carlos (vice chair)

  • BÜRGEL GÖBEL Peter-Jörg

  • COFACE de RIVOYRE Christophe

  • CREDITO Y CAUCION GONZALEZ DE HERDIA J.

  • EULER HERMES SELLERBERG Klaus

  • Atradius BENLYAZID Karim

  • MAPFRE MONREAL Sergio

  • COFACE-ORT BAILLEUX Dominique

    CHAMPAULT Régis

  • UBMatrix SCOTT STROKEs David

    VAN EGMOND Raynier

  • SOFTWARE AG NAVARRO Pablo

    • HERNANDEZ Ignacio

  • TSR WATANABE Eiichi

  • Liaison team – L. Team

    • Atradius BERT Vincent (Chairman)

    • Global E-Commerce RUDIE Donald


    Flipa steering committee those who enables it

    FLIPA Steering committee: Those who enables it

    From left to right:

    M. Inami (Teikoku DataBank - Japan)

    M. Hernadez (Iberinform - Spain)

    M. Nijhout (ICISA – The Netherlands)

    M. Bouix (Coface - France)

    M. Bert (Atradius – FLIPA Project Director - XBRL-CRAS Chair)

    M. Tesniere (PWC - France)

    M. Morin (Eurogate - Coface) – France

    M. Pedranzini (D&B Europe - FLIPA Business Working Group Chair)

    M. Vaingnedroye (Bignet - Coface ORT - France)

    M. Buckenberger (Febis - Bürgel)

    M. Watanabe (Tokyo Shoko Research)

    M. Arnaiz (CESCE – Spain – FLIPA Technical working group chair)

    M. Richter (Creditreform - Germany)


    Brussels conference nov 16th 2004 brussels

    FLIPA project governance

    Committee

    Mission

    Frequency

    Steering Committee

    • Steer direction of project (with PMO assistance):

      • Set project goals in context of business objectives

      • Sign-off key decisions and strategic orientations of the project

      • Ensure sufficient allocation of resources (staffing & funding)

    Every 2 months

    Project Management

    • Project management

      • Supervise project team

      • Ensure delivery against critical path

      • Ensure collaboration and deliverables

      • Manage coordination

    • Project Office

      • Supervise project evolution

      • Project planning and tracking – dependency management

      • Project reporting & administration

      • Control infrastructure

    Bi-weekly

    Liaison Team

    • Communication with XBRL International

      • Champion our cause vis-à-vis XBRL international

      • Raise issues that must be solved by XBRL

      • Participate to XBRL forums

      • Raise CRAS interests in on-going taxonomy creation (GCD,…)

    • Taxonomy certification

      • Develop taxonomy certification strategy

      • Ensure necessary documentation is prepared

      • Run certification procedure

    Bi-weekly

    Business Working Group

    • Global Approach

    • Phasing strategy

    • Functionality description of the final application

    • Validation of the technical implementation

    • Business Requirements Definition

      • Define requirements

      • Refine current BUSCRD information

      • Validation and sign-off

    Bi-weekly

    Technical Working Group

    • Support XBRL CRAS Working Group from a technical perspective in its objective of creating a valid 2.1 XBRL taxonomy for Credit Risk Assessment Services.

    • Beyond this objective the TWG also has the responsibility of developing all the necessary elements to work an end to end solution for the correct implementation of the taxonomies.

    Bi-weekly


    Brussels conference nov 16th 2004 brussels

    • Industry Requirements


    Brussels conference nov 16th 2004 brussels

    FLIPA requirements and constraints

    Electronic credit report

    Deliver, 06-2004, a first electronic credit report troughan end-to-end application

    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

    Use of Existing Taxonomies

    When required and when available use existing Taxonomies:Alignment on IFRS for BS, Income and Cash flow Statements

    Technical XBRL Specs

    Start straight with the XBRL Specification 2.1

    Security

    Security items (encryption, signature,…) managed outside of the CRAS project


    Brussels conference nov 16th 2004 brussels

    • Main Deliverables: The FLIPA Taxonomy


    Brussels conference nov 16th 2004 brussels

    XBRL-CRAS FLIPA taxonomy extract

    Deliverable: The FLIPA Taxonomy

    Message informationnon-XBRL

    e-Report over XBRL

    Message informationnon-XBRL

    Envelopeheader

    Sender,

    Product,

    ...

    ...

    Envelopetrailer

    Entity

    Related entities

    Key financial figures

    Business rating

    Credit recommendation

    Negative events


    Brussels conference nov 16th 2004 brussels

    BalanceSheet

    Profit & Loss

    Entity

    Business rating

    Credit recommendation

    IFRS Balance Sheet

    IFRS Income Statement

    Or other GAAPs

    Entity

    PaymentExperience

    XBRL-CRAS taxonomy extract

    Company specificXBRLExtension

    Business Credit Report over XBRL

    Message informationnon-XBRL

    e-Report over XBRL

    Message informationnon-XBRL

    Envelopeheader

    Sender,

    Product,

    ...

    ...

    Envelopetrailer

    Entity

    Related entities

    Key financial figures

    Business rating

    Credit recommendation

    Negative events


    Brussels conference nov 16th 2004 brussels

    XBRL-CRAS FLIPA taxonomy extract

    XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements)

    Message informationnon-XBRL

    e-Report over XBRL

    Message informationnon-XBRL

    Envelopeheader

    Sender,

    Product,

    ...

    ...

    Envelopetrailer

    Entity

    Related entities

    Key financial figures

    Business rating

    Credit recommendation

    Negative events


    Brussels conference nov 16th 2004 brussels

    XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements)

    Item

    Description

    Identification

    • Entity Business Ids

    • Entity Name

    • Entity Address

    • Branch/head office information

    • Entity Business Ids

    • Entity Name

    • Entity Address

    • Type of relationship: Shareholders/shareholdings/affiliates

    • Nb of shares

    • % of shares

    Related entities

    Related entities

    Related entities

    Related entities

    • Code,

    • Description Long,

    • Description short,

    • Date start

    Legal form - Current

    Legal form - former

    Activity

    • Code (SIC, Nace…)

    Activity


    Brussels conference nov 16th 2004 brussels

    XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements)

    Item

    Description

    • Trade Class (importer/Exporter),

    • Country,

    • % of total

    Trading countries

    Trading countries

    Trading countries

    Operation status

    • Code List:


    Brussels conference nov 16th 2004 brussels

    XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements)

    Item

    Description

    Trend

    • Level,

    • Up, down

    • Undetermined

    • Good,

    • Average,

    • Poor,

    • Undetermined

    Trade Morality

    Financial situation

    • Strong,

    • Weak…

    Payment Trend

    • Payment scores


    Brussels conference nov 16th 2004 brussels

    XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements)

    Item

    Description

    Status

    • Operating,

    • Chapter 11, 13

    • Dormant…

    Business outlook

    • Trend up,

    • Flat,

    • Trend down

    Payment behavior

    • General experience:

      • Slow,

      • Slow 30,…

      • Prompt

    • Detail with trading partners,

      • High credit,

      • Owes,

      • Past due

      • Terms

    Payment details

    Payment details

    Payment details

    • Location,

    • Headquarters / Branch

    • Nb of employee / seasonnal

    Nb of employees


    Brussels conference nov 16th 2004 brussels

    XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements)

    Item

    Description

    • Names

    • Mgt titles,

    • Address

    Principal and management

    Real estate properties

    • General property,

    • Total value,

    • General mortgage information,

    • Total value of mortgage,

    • Dates,

    • Address

    Real estate properties

    Real estate properties

    Financial institutions

    • Name,

    • Address,

    • Customer since,

    • Type and amount of Credit

    Financial institutions

    Financial institutions


    Brussels conference nov 16th 2004 brussels

    XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements)

    Item

    Description

    Risk Assessment

    Credit Recommendation

    • Amount

    • Type of rating,

    • Status (current, former),

    • Rating value,

    • Rating change date and Reason

    Ratings

    Score

    • Score Id,

    • Status (current, former),

    • Score value,

    • Score change date and Reason


    Brussels conference nov 16th 2004 brussels

    XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements)

    Item

    Description

    • Type and Amount,

    • Nb & Status,

    • Dates occurred

    Negative events

    Negative events

    Negative events

    • Use of existing taxonomies:

      • IFRS Balance sheet – Net Assest presentation

      • IFRS Income statement – by nature

      • Industry average Balance sheet – Net Asset presentation

      • Industry average Income Statement – by Nature

    Financial statement data


    Brussels conference nov 16th 2004 brussels

    BalanceSheet

    Profit & Loss

    Entity

    Business rating

    Credit recommendation

    IFRS Balance Sheet

    IFRS Income Statement

    Or other GAAPs

    Entity

    PaymentExperience

    XBRL-CRAS taxonomy extract

    Company specificXBRLExtension

    XBRL-CRAS FLIPA Core Taxonomy (Business semantics requirements)

    Message informationnon-XBRL

    e-Report over XBRL

    Message informationnon-XBRL

    Envelopeheader

    Sender,

    Product,

    ...

    ...

    Envelopetrailer

    Entity

    Related entities

    Key financial figures

    Business rating

    Credit recommendation

    Negative events


    Brussels conference nov 16th 2004 brussels

    • CRAS Conference announcements


    Brussels conference nov 16th 2004 brussels

    • 1. FLIPA Multi language support


    Brussels conference nov 16th 2004 brussels

    XBRL-CRAS FLIPA Taxonomy: Multi language support

    Creation by CRAS team

    Translation by TSR - Japan

    Translation by Lince - Italy

    Translation by Atradius

    Translation by Coface Intercredit


    Brussels conference nov 16th 2004 brussels

    • 2. CRAS and IFRS working together


    Brussels conference nov 16th 2004 brussels

    XBRL-CRAS FLIPA Taxonomy: IFRS extension use


    Brussels conference nov 16th 2004 brussels

    Status Report

    • Next steps:Adoption & Implementation& Maintenance


    Brussels conference nov 16th 2004 brussels

    • User community maintenance


    Brussels conference nov 16th 2004 brussels

    • Implementation

    • CRAS pioneers will implement by year end and Q1/2005 onwards


    Adoption implementation

    • Strong Maintenance environment

    • Decentralised and dedicated administration

    Pre-requisites

    • Taxonomy Administration

    • Taxonomy Editing

    • Taxonomy Version control and Change reports

    • Taxonomy Version locking and publication

    • User Management with limited pre-defined Roles

    An central Industry wide administration tool

    • Creation of Extension Taxonomies

    • Feature for the online conversion of excel or proprietary XML documents to XBRL

    • Demonstration of parsing and Conversion

    Business Information product development support center

    Adoption & Implementation

    Develop and set-up an independent platform for FLIPA XBRL professional services


    Cras business server

    CRAS Business Server


    Administration

    Administration


    Taxonomy management

    Taxonomy Management


    Taxonomy management1

    Taxonomy Management


    Brussels conference nov 16th 2004 brussels

    Vincent BERT

    Senior Manager

    Group Business Information and Control Dept.

    Atradius

    44 Av G. Pompidou

    92300 Levallois-Perret

    FRANCE

    Tél. : +33 (0)1 41 05 75 37

    E-mail : [email protected]

    • Questions & Answers

    For further Information please refer to ourWebsite and egroup:

    http://www.grefis.org/xbrl-cras.htmhttp://demo.ubmatrix.com/cras

    *


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