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XBRL in Santander Group PowerPoint Presentation
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XBRL in Santander Group

XBRL in Santander Group

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XBRL in Santander Group

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  1. XBRL in Santander Group Munich, May 10th 2007 Confidential and Proprietary

  2. Index • Introduction • Short Term • Strategy • Functional Areas and Technical Solution • Medium-Long Term • Organization • Technical Solution • Geographical scope • Internal Information Exchange

  3. 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.

  4. 2006 2007 2005 May May Nov Ene Ago Sep Nov Ene Feb Mar Feb Mar Jun Jun Oct Abr Oct Abr Dic Dic Jul Q4 Q1 Q2 Q3 Q4 Q1 Q2 Corporate Plan – XBRL Projects – Milestone Summary In production Participated 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 Acquisition of XBRL tools. July-August 2006 2006December 2007March 2006 Mayo 13th. International XBRL conference in Madrid 2006 June Launch Definition of a Corporate XBRL architecture 2005 November XBRL Communication workshops with business units. Architecture component design and development Risk information project Basel II COREP to Bank of Spain

  5. Index • Introduction • Short Term • Strategy • Functional Areas and Technical Solution • Medium-Long Term • Organization • Technical Solution • Geographical scope • Internal Information Exchange

  6. Internal Financial Information External Financial Information International XBRL Strategy External Non-Financial Information Internal Non-Financial Information 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.

  7. 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

  8. External reporting. Current situation. Present Functional Areas. Participating Organizations Tech solution Functional Areas Santander Banesto SCF (Hispamer) Bank of Spain software Public Reporting SIIF Bank of Spain software Basel II - COREP Santander Anti - money laundering (SEPBLAC) Santander Banesto Excel. XBRL embedded Santander Banesto CNMV´s Excel embedded CNMV (IPP) FINREP National Agency for Tax Administration

  9. Index • Introduction • Short Term • Strategy • Functional Areas and Technical Solution • Medium-Long Term • Organization • Technical Solution • Geographical scope • Internal Information Exchange

  10. Tools Suppliers Supervisory Regulators XBRL Associations USERS XBRL Laboratory XBRL Group Development Teams Official Reports Others BIS II Anti – Money laundering Organization

  11. Organization XBRL LABORATORY BUSINESS USERS XBRL Group Develop XBRL reporting Use MANAGEMENT OF THE DEVELOPMENT LIFE CYCLE XBRL REPORTING APPLICATION ENCODED & SENT VISUALIZATION CONVERTION VALIDATION XBRL COMPONENTS MAPPING MANAGEMENT INTEGRATION IN THE XBRL APPLICATION

  12. BANK OF SPAIN Send by email Signed Instances Taxs. Instances Acknowled-gement receipt Storage of Instances Sign Compres. Encode Send Validation Of XBRL Instances Conversion XBRL Error viewer Search engine to look for and display instances Application Origin of the information XBRL EXTERNAL REPORTING APPLICATION 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

  13. CC Holding CC Holding 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.

  14. PUBLIC TAXONOMIES IASB International Financial Reporting Standards IFRS XBRL International XBRL Spain Internationals Nationals by sector XBRL Spain Nationals by sector ES-BE-FS INTERNAL Santander Group Internal Document XBRL Reporting Typology / Scope of use of Taxonomies

  15. Internal Information Exchange 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.

  16. Confidential and Proprietary