1. UBmatrixは業界第一のXBRLソフトウェアを提供します。
XBRL for Regulatory Reporting “How to do it cost efficiently, quickly and well.”
Phil Walenga, Director of Financial Services UBmatrix Inc.
UBmatrixは業界第一のXBRLソフトウェアを提供します。
Visit us at:

2. UBmatrix Solutions and Products 5 T’s of XBRL – It is ready!
Agenda
UBmatrix Solutions and Products
5 T’s of XBRL – It is ready!
Live Demonstration
A how to do it checklist √
How long does it take?
Results
UBmatrix, Inc. (c) 2005 All rights reserved.

3. UBmatrix’ Solutions and Products

4. Solutions Production Ready XBRL Taxonomies Production XBRL Solutions
Major contributor to IFRS and other Financial Reporting XBRL taxonomies,
Contributor to Belgium Bank taxonomy, Dutch Government and COREP
Developed: CRAS, FFIEC, KOSDAQ, Sumitomo Mitsui Bank
Major Contributor to XBRL Best Practices: FRTA, FRIS, Patterns Document, etc.
Production XBRL Solutions
Designed and developed XBRL regulatory system - FFIEC
Designed and developed a centralized, collaborative XBRL service - CRAS
Designed and developed XBRL analytical and publishing system - KOSDAQ
The worldwide leader in taxonomy development.
Advanced and innovative products.
Significant and relevant XBRL implementations around the world.
UBmatrix, Inc. (c) 2005 All rights reserved.

5. FFIEC U.S. Call Report
“XBRL is the essential ingredient in the success of the FFIEC Call Report Modernization initiative. With the help of UBmatrix, FFIEC has created new XBRL Call Report Taxonomies that incorporate concepts, instructions, calculations and formulas to allow us to automate the workflow process among the three bank regulators – the FDIC, the Federal Reserve and the OCC.”
- Mike Bartell, CIO
UBmatrix, Inc. (c) 2005 All rights reserved.

6. FFIEC Call Report Modernization
UBmatrix contributed:
Problem definition
Proof of concept and prototype development
Requirements development
Taxonomy architecture and testing
Architecture and design consulting
Systems developers and development
Licensed software for processing XBRL and managing taxonomies
UBmatrix was involved with every major part of this XBRL solution.
A very large portion of the development was done by our developers.
Licensed XBRL software that is available for other regulatory systems was provided by UBmatrix for this system.
UBmatrix, Inc. (c) 2005 All rights reserved.

7. Technology to automate your regulatory reporting systems.
Products
Technology to automate your regulatory reporting systems.
We build solutions using these products and others can do so likewise.
Automator used to build the World’s most sophisticated taxonomies.
Easier to adopt for your XML engineers – support for XSLT, Xquery, XPath 2.0
XSLT: A transformation expressed in XSLT is called a stylesheet.
XPath: provides basic facilities for manipulation of strings, numbers and Booleans.
XQuery: provide features for retrieving and interpreting information from these diverse sources.
UBmatrix, Inc. (c) 2005 All rights reserved.

8. Modeling your taxonomies: UBmatrix XBRL Automator Professional
UBmatrix, Inc. (c) 2005 All rights reserved.

9. Managing your taxonomies: UBmatrix Universal Business Server™
UBmatrix, Inc. (c) 2005 All rights reserved.

10. 5 T’s of XBRL – It is ready!!

11. Technical Specification: XBRL 2.1 is stable Taxonomies are released
5 T’s of XBRL
Technical Specification: XBRL 2.1 is stable
Taxonomies are released
Training available for generic and customized solutions
Tested high performance applications
Tools offering end to end solution
Today I am green with envy – all the pieces are there for a complete XBRL solution for regulatory reporting.
End to end solutions from standalone client tools to web-based high performance products are available.
Five T’s of XBRL
Technical Specification, 2.1
Taxonomies
Training
Tested applications
Tools
The Dimensions specification is on the fast track for implementation by November of 2005 and the formula and functions specifications are moving quickly too. Regarding formulas, UBmatrix has implemented the use of formulas in the FFIEC Call Report project and when the XBRL Specification for formulas is complete we will almost immediately transition our software to that specification. Our developer staff is leading the effort in that part of the specification. Because XBRL International has hired two full time experienced XBRL architects the enhancements to the XBRL Specification are moving along much more quickly.
UBmatrix, Inc. (c) 2005 All rights reserved.

12. Demonstration Highlights

13. Regulatory Reporting Requirements
Operate More Efficiently
Produce More Timely Data
Produce More Accurate Data
Save Money
Reduce Burden
Reduce Risk
All these requirements were met with the FFIEC application!
Regulators operate in environment where complexity and risks are greater. To meet their missions they need:
More and better data without being on site.
And they need to do this without adding burden.
Our experience in developing the FFIEC Call Report project verifies that XBRL meets these requirements.
UBmatrix, Inc. (c) 2005 All rights reserved.

14. Error-free Reports in 2 Days or Less
Collect Quarterly Financial Reports from 8,200 banks
2,157 Line Items
396 Pages of Instructions
3,119 Formulas
Multiple errors per report
Data released about 60 days after submission
Error-free
Reports in 2
Days or Less
(a) Sub Prime Loans
July 1, 2005 – September 30, 2005
FFIEC Call Report Modernization Project. The FDIC (US Federal Deposit Insurance Corporation) lead the XBRL portion of the project and I lead the XBRL effort until I retired.
In the past, the FDIC, OCC and FRB in the US modified its quarterly bank Call Report schedules using paper. Copies of paper documents were then circulated for approval before updates were keyed into each supervisors’ system. PDF files, Work and Excel files were sent to six Call Report software vendors who took days to update their software every quarter. The software was then distributed to all 8,200 banks. Bank’s entered the information requested in the software and uploaded it to a contractor using a proprietary electronic format which collected all the files and submitted it to the bank supervisors by their area of responsibility – the banks they are responsible for supervising.
Since most of the banks have 30 days to submit the report, processing and error correction did not take place until this point. Because data was validated AFTER THE SUBMISSION, it took weeks to clean up all the reports. And this put undo burden on the bank’s because they had to collect all the information and find the error and resubmit the report.
The report is a quarterly collection of financial and data quality information
Collected from about the same number of banks in the EU.
It includes over 2,000 line items, about 400 pages of instructions that were made available to banks in a PDF or paper format and not integrated into the Call Report software vendors’ products.
Over 3,000 data validation formulas that provided both mathematical evaluation and quality “edits’ that check for reasonableness and consistency were only used by the bank regulators. Edits were distributed to the Call Report software vendors, but there was no evaluation of whether the formulas were used or if they were used whether they were consistently applied.
Because of these issues, an average of about two errors per report were common and data was often made public about 45 to 60 days after submission. Since the bank’s have 30 days to submit the data, the data was 75 to 90 days old and as such it had limited value.
The Uniform Bank Performance Report (UBPR) uses data from the Call Reports to provide a complete set of ratios and financial information to analyze a bank’s condition. Now the data will be more timely and accurate and this important analytical tool will increase in value.
The FFIEC (Federal Financial Institution Examination Council), which is a organization that combines the 5 financial institution regulators in the US, had a goal of providing error free data to the public in 2 days or less. So data now would be published around 32 days at the end of each quarter. This is about 60% less time than when the project first started.
All the line items, instructions, calculations and formulas are in a XBRL taxonomy that is distributed to the six Call Report software vendors who can now update their software in less than one hour instead of days. Eight quarters of data is also made available in XBRL format so that the business rules (formulas) can validate the consistency and reasonableness of the data being submitted. Business analysts for the three agencies do not to know XBRL at all to update the reporting requirements.
The Call Report taxonomy is developed using a web based system. Business analysts from the three agencies make updates to the line items, instructions, calculations and formulas using this system. Electronic notifications of changes are made to the appropriate managers to review and approve. No paper is required for this process.
For the bankers the big change is that the data is validated prior to processing by the regulators. The data is submitted in XBRL format to one central processing site and the data is validated immediately. If there is an error and the error includes an explanation then it is collected for processing. If there is an error without an explanation, then it is returned to the banker for resubmission.
UBmatrix, Inc. (c) 2005 All rights reserved.
UBmatrix, Inc. © 2005 All rights reserved

15. Demonstration Outline
Web Based Taxonomy Development
No need for business analysts to know XBRL
Create and Update Concepts
Manage Users, Import and Export Metadata
Reportability and Data Validation Formulas
If( (MonthOf(Context.Period.EndDate) = 3),(cc:RIADXXXX[P0] + cc:RIADXXXX[P0]) <= (cc:RCFDXXXX[P0] * 0.25) ,TRUE)
Instructions and Edit Explanations
Automatically Update Reporting Tools
Update in less than 1 hour
This is a very quick demonstration of the many features of our software products that demonstrates our world leading XBRL products.
UBmatrix, Inc. (c) 2005 All rights reserved.

16. UBmatrix, Inc. (c) 2005 All rights reserved.
The FFIEC system includes Administrative features as well as the core XBRL ones.
System administrators are able to define users, groups, functional entitlements, user notification events and reporting cycles.
Notifications are part of the automated workflow built in to the system.
Reporting institutions and list of reporting entities can be managed.
Metadata can be imported and extracted.
UBmatrix, Inc. (c) 2005 All rights reserved.

17. UBmatrix, Inc. (c) 2005 All rights reserved.
The Metadata Management Tool (MMT) can authorize users to query, create and update concepts that elements in published taxonomies.
UBmatrix, Inc. (c) 2005 All rights reserved.

18. UBmatrix, Inc. (c) 2005 All rights reserved.
The “Formula” box at the bottom of the screen enables the user to create and edit data validation formulas
Some are complex, referencing many concepts and often spanning several reporting periods.
Edit explanations are also managed.
Complete testing facility built in.
UBmatrix, Inc. (c) 2005 All rights reserved.

19. UBmatrix, Inc. (c) 2005 All rights reserved.
26 Schedules
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20. UBmatrix, Inc. (c) 2005 All rights reserved.
Instructions made available by FFIEC taxonomy.
UBmatrix, Inc. (c) 2005 All rights reserved.

21. UBmatrix, Inc. (c) 2005 All rights reserved.
Data validation and capability to link to related elements.
UBmatrix, Inc. (c) 2005 All rights reserved.

22. UBmatrix, Inc. (c) 2005 All rights reserved.
Error explanation for data validation errors.
UBmatrix, Inc. (c) 2005 All rights reserved.

23. UBmatrix, Inc. (c) 2005 All rights reserved.
After data validation and error correction, banker submits report but is notified of the possibility of rejection.
UBmatrix, Inc. (c) 2005 All rights reserved.

24. Decomposition Analysis (Decision Tree Analysis)
The US bank regulators have been using the UBPR for many years to monitor financial institutions. Bankers also have access to this analytical tool.
The Call Report is the basis for this report.
Call Report data is used to populate the Uniform Bank Performance Report (UBPR) system that provides a comprehensive analytical tool.
UBmatrix, Inc. (c) 2005 All rights reserved.

25. How to do it checklist √

26. Key Steps Learn the basics of XBRL
Select a system to model with well established metadata
Develop a pilot or proof of concept
Work with a proven solution –
Less risk and less cost
Establish working groups to communicate project
XBRL, Submitters, Other Regulators
UBmatrix, Inc. (c) 2005 All rights reserved.

27. Checklist Use a server and web based system Include automated workflow
User, permissions and roles management
Taxonomy management - concepts, instructions, references, calculations, formulas and formula explanations
Version control taxonomies
Instance document management
Validate data real time
Test taxonomy and formula
Data collection software vendor support
UBmatrix, Inc. (c) 2005 All rights reserved.

28. Formula - Validity
'"Charge-offs" on "Loans secured by real estate to non-U.S. addressees" (RI-x Part I, M.2., Column x) of $' & cc:RIxxxxxP0] & ' must be less than or equal to the sum of the components of "Charge-offs" on "Loans secured by real estate" (RI-x Part I, 1.x. through 1.f., Column x) of $' & cc:RIADxxxx[P0] + cc:RIADxxxx[P0] + cc:RIADxxxx[P0] + cc:RIADxxxx[P0] + cc:RIADxxxx[P0] + cc:RIADxxxx[P0] + cc:RIADxxxx[P0] + cc:RIADxxxx[P0] & '. Please revise your reported data.
The current balance of X must be less than or equal to the sum of Y?
cc:RIADxxxx[P0] <= (cc:RIADxxxx[P0] + cc:RIADxxxx[P0] + cc:RIADxxxx[P0] + cc:RIADxxxx[P0] + cc:RIADxxxx[P0] + cc:RIADxxxx[P0] + cc:RIADxxxx[P0] + cc:RIADxxxx[P0])
UBmatrix, Inc. (c) 2005 All rights reserved.

29. Formula - Reportability
041 - Reporting Status = Agricultural-Small
(ExistingOf(cc:RCONxxxx[P0],false) = false AND ExistingOf(cc:RCONxxxx[P0],false) = false AND ExistingOf(cc:RCONxxxx[P0],false) = false AND (ExistingOf(cc:RCONxxxx[-P1Y/-06-end],0) > 0.05 * ExistingOf(cc:RCONxxxx[-P1Y/-06-end],0) OR ExistingOf(cc:RCFDxxxx[-P1Y/-06-end],0) > 0.05 * ExistingOf(cc:RCFDxxxx[-P1Y/-06-end],0)) OR (ExistingOf(cc:RCONxxxx[P0],false) = true AND ExistingOf(cc:RCONxxxx[P0],0) > 0.05 * ExistingOf(cc:RCONxxxx[P0],0)))
Each concept is checked against set of questions to confirm institution is submitting correct set of data.
UBmatrix, Inc. (c) 2005 All rights reserved.

30. Formula - Quality
'Your bank`s "Charge-offs and recoveries on Credit card receivables" included in the ownership interests carried as securities (RC-S 8.a. + 8.b., Column C, current minus previous) of $' & (cc:RIADxxxx[P0] + cc:RIADxxxx[P0]) - (cc:RIADxxxx[-P1Q] + cc:RIADxxxx[-P1Q]) & ' seem high when compared to the related balance (RC-S 6.a., Column C) of $' & cc:RCFDxxxx[P0] & '. Currently, the sum of the charge-offs and recoveries is ' & ((cc:RIADxxxx[P0] + cc:RIADxxxx[P0]) - (cc:RIADxxxx[-P1Q] + cc:RIADxxxx[-P1Q])) / cc:RCFDxxxx[P0] * 100 & '% of the ownership interests, which exceeds our tolerance of 25%. Please review your reported data, and explain or revise as appropriate.'
Is the outstanding balance reasonable value compared to other time periods?
If( (MonthOf(Context.Period.EndDate) <> 3),(cc:RIADxxxx[P0] +cc:RIADxxxx[P0]) - (cc:RIADxxxx[-P1Q] + cc:RIADxxxx[-P1Q]) <= (cc:RCFDxxxx[P0] * 0.25) ,TRUE)
UBmatrix, Inc. (c) 2005 All rights reserved.

31. Formula - Distribution
New concept
Distribute metadata such as formulas, instructions, etc. based on certain criteria like financial condition.
If FinancialInstitution<=2, FormulasHighRating, FormulasLowRating
UBmatrix, Inc. (c) 2005 All rights reserved.

32. Data Collection Tools Web based Desktop tools
Small amount of data to collect
Desktop tools
Generate .xls from taxonomy and enter data
Submit .xls or .doc and convert to instance document
Create or use SW vendor application
Update accurately and quickly
Map from submitter systems or hand enter data
Submitters systems vendors use taxonomy to generate instance document
Submitter transform into format to visually verify data
Use formulas to validate data
UBmatrix, Inc. (c) 2005 All rights reserved.

33. It depends
How long does it take?

34. It Depends on……. High or low data volume processor
Extent, sophistication and pre and/or post data validation
Frequency of reporting
Frequency and volume of changes to requirements
Version control
Number of analysts and their location
Commitment to adopt XBRL for many or few purposes
Complexity of application
Number of regulators involved
UBmatrix, Inc. (c) 2005 All rights reserved.

35. FFIEC Call Report Timeline
Research
Join
Develop Demo.
Demonstrate
Issue
Award
Test
Enroll
Process
9-2000
1-2001
2-2002
8-2002
6-2003
6-2005
7-2005
8-2005
XML Alternatives
8,200 Banks
XBRL US
Develop demonstration/feasibility product
Senior Executives
Request for Proposal
End to end test & application accepted
All 8,200 banks into system
100 Bank test
Contract to UBmatrix and Unisys
Since XBRL was a new standard when we first started, we did considerable research and joined XBRL to participate in the specification. A demonstration application was developed and presented to senior executives. Based on the demonstration we developed an expanded feasibility application that was eventually used to provide requirements for the system. Considerable amount of testing was conducted internally and with banks. Since this system combined processing among the regulators and the whole process was entirely new, the project took about two years once the contract was awarded.
Today the same system could be implemented in much less time.
UBmatrix, Inc. (c) 2005 All rights reserved.

36. UBmatrix, Inc. (c) 2005 All rights reserved.

37. Include in timeline Existing metadata conversion to Taxonomy
Existing data conversion for sample test data
Custom data mappings
Custom web UI for Taxonomy Maintenance
Custom web UI for Instance document display and management
Custom Instance document validation workflows
Custom desktop clients
Custom ETL for a Data Warehouse or analysis package
UBmatrix, Inc. (c) 2005 All rights reserved.

38. What are the results?

39. FFIEC Performance Metrics
Process 8,200 banks, 114,800,000 data elements
15 Seconds - XBRL and data validate per bank instance document
14,000 to 15,000 data elements per validation pass
Seven quarters data for every bank reports with 2,000 data elements
Execute 7,000 formulas
Report – Approve, Review or Reject
Clean rate of 90% versus 70%
Performance of the system is excellent.
All the banks can be processed in one day if all the institutions submitted the reports in one day. Submissions at this time are provided over a short period of time.
When a bank submits its XBRL instance document, the data is validated. If there is a error, the bank is notified and asked to resubmit. Because of this performance of the submission processing is important. Eight quarters of prior period data and the current period are used to validate the data. 14,000 to 15,000 data elements are used in the data validation process. This part of the submission validation takes 15 seconds.
UBmatrix, Inc. (c) 2005 All rights reserved.

40. XBRL Call Report Benefits
Cost Savings: $26 million over 10 years
Timely Data: 2 days versus 60 days
Accurate Data: validate prior to submission
Independence: business analysts manage the reports – no need to know XBRL
Efficiency: update systems automatically versus manual entry
Burden Reduction: validate data real time, update software from web, reuse data for other regulatory requirements
Benefits to all the stakeholders is considerable. The stakeholders include banks, bank supervisors, public and market analysts and software vendors.
UBmatrix, Inc. (c) 2005 All rights reserved.

41. © UBmatrix 2005

42. See us at our booth or suite for more demonstrations
Solutions
See us at our booth or suite for more demonstrations
Please call or either of us for further information or an onsite presentation.
Phil Walenga, Director Financial Services, UBmatrix. Inc.
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