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Brussels Conference – Nov. 16th, 2004 – Brussels

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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  1. Brussels Conference – Nov. 16th, 2004 – Brussels

  2. Content • Introduction • Who are we? • Industry Requirements • Main Deliverables • Project Sponsors & Team • Next Steps

  3. Who are we?

  4. XBRL-Int’l XBRL-CRAS working group Credit Risk Assessment Services Other projects welcomed! Who are we? FLIPA Taxonomy Credit Insurance Business Info. suppliers

  5. V. BERT – Atradius V. BERT – Atradius F. PEDRANZINI – D&B FLIPA project structure

  6. 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

  7. 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)

  8. 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

  9. Industry Requirements

  10. 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

  11. Main Deliverables: The FLIPA Taxonomy

  12. 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 …

  13. 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 …

  14. 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 …

  15. 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

  16. 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:

  17. 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

  18. 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

  19. 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

  20. 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

  21. 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

  22. 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 …

  23. CRAS Conference announcements

  24. 1. FLIPA Multi language support

  25. 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

  26. 2. CRAS and IFRS working together

  27. XBRL-CRAS FLIPA Taxonomy: IFRS extension use

  28. Status Report • Next steps: Adoption & Implementation & Maintenance

  29. User community maintenance

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

  31. 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

  32. CRAS Business Server

  33. Administration

  34. Taxonomy Management

  35. Taxonomy Management

  36. 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 : Vincent.Bert@atradius.com • 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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