1. INFORMATION AND PROCCESS SYSTEMS FINANCIAL INFORMATION EXCHANGE SYSTEM BETWEEN BANCO DE ESPAÑA AND CREDIT INSTITUTIONS USING XBRL (SIIF) Angeles Lozano Víctor Morilla October 2006

2. INFORMATION AND PROCCESS SYSTEMS 2 Precedents 2003 Pilot Project appraisal Companies using XBRL XBRL Taxonomía XBRL 2004 Architecture for XBRL projects 2004 Director Plan to apply XBRL 2005 SIIF Project

3. INFORMATION AND PROCCESS SYSTEMS 3 Infrastructure  Infraestructura XBRL E S B

4. INFORMATION AND PROCCESS SYSTEMS 4 SIIF- Financial Information exchange system SIIF – Phase I  International accounting regulation  International Standard Taxonomy: IFRS-GP  New reporting regulation: Banco de España regulation 4/2004 on December 2004 SIIF – Phase II  New Basel’s Accord Solvency Information  European Taxonomy: COREP  New Spanish reporting regulation foreseen

5. INFORMATION AND PROCCESS SYSTEMS 5 SIIF- Financial Information exchange system  Objectives: SIIF Phase I Credit institutions reporting public financial statements to Bank of Spain SIIF Phase II Credit institutions reporting capital requirements statements to Bank of Spain Safe channel to submit data Small impact on currency systems Automatically identifying errors and problems Helper services to facilitate XBRL adoption by credit institutions

6. INFORMATION AND PROCCESS SYSTEMS 6 SIIF- Financial Information exchange system Organization:  Credit institutions participating in the project from the beginning: SCH, BBVA, Banco Popular, Banco Cooperativo Español, CECA, Caja Madrid y Caixa  Working group created to:  Introduce XBRL Standard  Present a modular solution  Analyze functional and technical requirements  Design facilities (converter, helper services...)  Describe the final solution in detail

7. INFORMATION AND PROCCESS SYSTEMS 7 TAXONOMY es-be-fs-2006-01-01 H H H H H H P H P + + + + + + NO = C 0071 0051 2.1. Depósitos en entidades de crédito 2.6. Derivados de negociación 0056 L R DD SIIF- Financial Information exchange system Phase I TAXONOMY es-be-fs-2006-01-01

8. INFORMATION AND PROCCESS SYSTEMS 8 SIIF- Financial Information exchange system Phase I

9. INFORMATION AND PROCCESS SYSTEMS 9 EAI SIIF- Financial Information exchange system Phase I. Architecture Statements fulfilment Access Channel - Deciphering - Authentication - Access control Project specific processing Host Reply Infrastructure, communication and security services SMTP MAIL Signed & Ciphered - Validation - Activity recording - User Reply - Translation to plain text Helper Services Fulfilment state DB XBRL DOCS Plain text XBRL Web Services PresentationValidation Helper Services Front-End - Pre-validation - Visualization - Fulfilment state query - Taxonomies Library HTTP HTTPS Financial Entities Bank of Spain XBRL DOCS

10. INFORMATION AND PROCCESS SYSTEMS 10 SIIF- Financial Information exchange system Phase II

11. INFORMATION AND PROCCESS SYSTEMS 11 SIIF- Financial Information exchange system Phase II Item: Original Exposure Context: Date: 31-12-2007 Exposure class: Traditional exposure type: First Losses

12. INFORMATION AND PROCCESS SYSTEMS 12 SIIF- Financial Information exchange system Phase II SPANISH COREP TEMPLATES  Market Risk Internal Models Detail not required  Some breakdowns not required  Some grey areas are enabled  Some dimensions not required  Some typed dimensions limited to a small set of values  New templates: –Solvency / accountancy link template –Big risks detail –New interest rate risk statements

13. INFORMATION AND PROCCESS SYSTEMS 13 SIIF- Financial Information exchange system Phase II New events in COREP:  Complexity of COREP taxonomy and use of dimensions impacts on: –Validation –Visualization and validation helper services –Mapping data to the backend requirements  More complex checks and formulas applied  New business requirements

14. INFORMATION AND PROCCESS SYSTEMS 14 SIIF- Financial Information exchange system Phase II Complex checks  Operations not supported by calculation linkbase –Arithmetic comparisons –Operations between contexts –Checking for the presence of items if some rules apply –Comments are mandatory in some conditions –Statements of different periodicities  Probably, COREP Spanish taxonomy will use current formula draft to express these complex checks

15. INFORMATION AND PROCCESS SYSTEMS 15 SIIF- Financial Information exchange system Phase II New business requirements  Footnotes management –Capital requirements footnotes will contain some comments about data submitted  E-Mail notification –Notifying credit institutions about pending submissions

16. INFORMATION AND PROCCESS SYSTEMS 16 THANKS FOR YOUR ATTENTION