brussels conference nov 16th 2004 brussels
Download
Skip this Video
Download Presentation
Brussels Conference – Nov. 16th, 2004 – Brussels

Loading in 2 Seconds...

play fullscreen
1 / 37

Brussels Conference – Nov. 16th, 2004 – Brussels - PowerPoint PPT Presentation


  • 116 Views
  • Uploaded on

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.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' Brussels Conference – Nov. 16th, 2004 – Brussels' - elvis-cline


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
content
Content
  • Introduction
  • Who are we?
  • Industry Requirements
  • Main Deliverables
  • Project Sponsors & Team
  • Next Steps
slide4

XBRL-Int’l

XBRL-CRAS working group Credit Risk Assessment Services

Other projects welcomed!

Who are we?

FLIPA Taxonomy Credit Insurance Business Info. suppliers

slide5

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

  • Atradius BERT 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
  • PPA ROHLFS 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)

slide8

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

slide10

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

slide12

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

slide13

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

slide14

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

slide15

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

slide16

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:
slide17

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
slide18

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

slide19

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

slide20

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
slide21

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

slide22

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

slide25

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

slide28

Status Report

  • Next steps: Adoption & Implementation & Maintenance
slide30

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

slide37

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

*

ad