19th XBRL International Conference “Reducing regulatory burden with XBRL: a catalyst for better reporting” June 22-25, 2009 Paris, France Track 3 - SURFI French Project Implementation Julien REBER / Hedi SELLAMI - INVOKE Wednesday 24th of June 2009

Agenda SURFI Project The XBRL Choice Preparers/Filers - SURFI Implementation Disclosure Process Invoke XBRL Portal

SURFI Project Unified financial reporting system Modernization of a 1993 system Unification and harmonization French Regulatory banking reporting Reporting system simplification by 26% Duplicated values removal New data A new reporting

SURFI Project Based on the XBRL format New disclosure dates Disclosure process modification Tight deadlines XBRL implementation Project planning

SURFI Project Jun. 2010 First Disclosure Jan. 2010 Dec. 2008 First SURFI Taxonomy Version Jun. 2009 Applied Taxonomy Jan. 2010 Test Environment (Banque de France) Jun. 2010 First Disclosure

Agenda SURFI Project The XBRL Choice Preparers/Filers - SURFI Implementation Disclosure Process Invoke XBRL Portal

Limiting participants constraints With real benefits of native XBRL SURFI : The XBRL Choice Limiting participants constraints Shared by all participants Preparers / Filers / Auditors / Regulators / Analysts Exponential need for reporting More frequent / deeper / faster Harmonization European regulatory reporting (COREP, FINREP) Higher expectations for Transparency / quality / accessibility / personalization With real benefits of native XBRL Use a public taxonomy as a setting standard Establishment of common tools regardless the software Native integration of businesslike controls

Agenda SURFI Project The XBRL Choice Preparers/Filers - SURFI Implementation Disclosure Process Invoke XBRL Portal

Preparers/Filers - Implementation XBRL Convertor Lack of time Keep current production systems Lack of XBRL knowledge Regulatory taxonomy (more or less bounded)

Preparers/Filers - Implementation One main objective: Meet SURFI project deadlines -> Shortest and Fastest way Data Production Input Data Current Systems XBRL Conversion Disclosure

Agenda SURFI Project The XBRL Choice Preparers/Filers - SURFI Implementation Disclosure Process Invoke XBRL Portal

Disclosure Process Stakes Coming from different systems within the same group Several XBRL flows Avoid late disclosure penalty Disclosure date - Deadlines Avoid delays due to exchanges with the regulator Regulatory XBRL documents compliance Visualization of regulatory reporting documents before transmission The signatory is not always the producer

Disclosure Process XBRL Conversion Visualization Control (UBMatrix) Data Production Input Data Current Systems XBRL Conversion XBRL Documents Management INVOKE XBRL Portal Visualization Control (UBMatrix) Validation Disclosure

Agenda SURFI Project The XBRL Choice Preparers/Filers - SURFI Implementation Disclosure Process Invoke XBRL Portal

Invoke XBRL Portal

Preparers/Filers Expectations Easy access to updated regulatory information Disclosure deadlines management View the XBRL produced document in a comprehensible format Validate the document technical and business compliance

XBRL Portal Features XBRL flows centralization Disclosure calendar Tracking and visualization Analysis and control Validation and disclosure

XBRL Portal Implementation Quick implementation No XBRL knowledge needed Without challenging upstream systems

Measurable advantages Web Portal Centralized regulatory information Complete control of the calendar for filings Updated information shared by all users XBRL Spreadsheet Visualization of filings in the table form Businesslike controls and XBRL technical validation (UBMatrix) Forms personalization

SURFI - XRBL Key benefits Standard format Shared by all participants Quality of decision-making Simple adaptation to a new taxonomy version Embedded businesslike controls Open format Compatibility between all market regulatory tools

Q&A We have the answers, do you have any question? Contact Us