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

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Presentation on theme: "Confidential and Proprietary XBRL in Santander Group Munich, May 10th 2007 Confidential and Proprietary."— Presentation transcript:

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

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

3 Confidential and Proprietary 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 Confidential and Proprietary November XBRL Communication workshops with business units Mayo 13th. International XBRL conference in Madrid 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 2006 June Launch Definition of a Corporate XBRL architecture Acquisition of XBRL tools. July-August December Abr May MarJun Ene JulDic AgoFebSep OctNovAbr May JunMar Ene Dic Feb OctNov Q2Q3Q4Q1Q2Q1Q Risk information project Basel II COREP to Bank of Spain Corporate Plan – XBRL Projects – Milestone Summary 2007 March Architecture component design and development

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

6 Confidential and Proprietary 6 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. International XBRL Strategy External Financial Information Internal Financial Information Internal Non-Financial Information External Non-Financial Information

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

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

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

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

12 Confidential and Proprietary 12 BANK OF SPAIN Sign Compres. Encode Send Sign Compres. Encode Send Conversion XBRL Conversion XBRL Validation Of XBRL Instances Validation Of XBRL Instances Storage of Instances Send by Acknowled- gement receipt Signed Instances Taxs. Instances Error viewer Search engine to look for and display instances Search engine to look for and display instances XBRL EXTERNAL REPORTING APPLICATION Application Origin of the information 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 Confidential and Proprietary 13 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. CC Holding

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

15 Confidential and Proprietary 15 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. Internal Information Exchange

16 Confidential and Proprietary


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