A Case Study: Enhanced Banking Analytics 10TH XBRL INTERNATIONAL CONFERENCE, Brussels November 2004 10TH XBRL INTERNATIONAL CONFERENCE A Case Study: Enhanced Banking Analytics – Can the Market Data Aggregator be tamed? • EDGAR Online’s most recent market research of banking analyst use of Call Report data • Potential for the commercialization of call-report data in XBRL • Highlights from the study • Benefits of Market Data Aggregator Liv A. Watson Vice-President of XBRL Edgar Online Presented by: Liv A. Watson Vice President XBRL – EDGAR Online, Inc lwatson@edgar-online.com

Today’s Agenda 1 2 3 4 5 About EDGAR Online Potential for the commercialization of call-report data in XBRL 3 Highlights from the study EDGAR Online’s most recent market research of banking analyst use of Call Report data • Potential for the commercialization of call-report data in XBRL • Highlights from the study • Benefits of Market Data Aggregator 4 Benefits of Market Data Aggregator 5 Demo

Introduction EDGAR® EDGAR® Onlinesm Electronic Data Gathering Analysis and Retrieval: The SEC database of all US company filings and the source for most US business news and analysis EDGAR® Onlinesm EDGAR Online is a leading provider of value-added business and financial information on global companies to financial, corporate, and advisory professionals.

Corporate Overview Our Products Seat-based subscription services API’s and Data feeds Custom Solutions Our Customers Nasdaq Listing Qualifications Professional Users - Corporations, Financial Institutions, Legal Data vendors and e-content providers Strategic Partners: Microsoft Hitachi Yahoo ….

Today’s Agenda 1 2 3 4 5 About EDGAR Online Potential for the commercialization of call-report data in XBRL 3 Highlights from the study EDGAR Online’s most recent market research of banking analyst use of Call Report data • Potential for the commercialization of call-report data in XBRL • Highlights from the study • Benefits of Market Data Aggregator 4 Benefits of Market Data Aggregator 5 Demo

Modernizations of the Collection and Distribution of Banking Call Reporting Data On June 17, 2003 The Federal Financial Institutions Examination Council (FFIEC) announced the first step in an interagency effort to modernize and streamline how federal bank regulators collect, process and distribute quarterly bank financial reports. Implementation Team FDIC is responsible for overseeing insured financial institution adherence to FFIEC reporting requirements, including the observance of all bank regulatory agency rules and regulations, accounting principles and pronouncements adopted by the Financial Accounting Standards Board (FASB) and all other matters relating to a Reports of Condition and Income Report submission. Reports of Condition and Income are required by statute and collected by the FDIC under the provision of Section 1817(a)(1) of the Federal Deposit Insurance Act. FDIC collects, corrects, updates and stores Reports of Condition and Income data submitted to us by all insured national and state nonmember commercial banks and state-chartered savings banks on a quarterly basis. Reports of Condition and Income data are a widely used source of timely and accurate financial data regarding a bank's condition and the results of its operations. The information is extensively used by the bank regulatory agencies in their daily offsite bank monitoring activities. Reports of Condition and Income data are also used by the public, the Congress of the United States, state banking authorities, researchers, bank rating agencies and the academic community. FDIC is fully responsible for maintaining an accurate and up-to-date Reports of Condition and Income data base readily available to all users. The Reports of Condition and Income data are the only publicly available source of information regarding the status of U.S. banking system; therefore, the FDIC's actions in this regard are of paramount importance, and every precautionary measure is taken to preserve data integrity and accuracy.

About the Study Q3/04 - EDGAR Online initiated a market feasibility study to evaluate the opportunity for commercialization of the modernization of FDIC Call Report reporting process. Research Methodology: Sampling Investment Banking, Equity Research, Treasury Departments at Banks, Industry Researchers Government Agencies, Others Survey/In-Depth Interviewing combination of a survey (specific questions) and an in-depth interview (informal open-ended questions). Call Report Reports of Condition and Income of U.S. FDIC insured banks. Users: Regulatory agencies state banking authorities portfolio managers bank rating agencies market data aggregators researchers academic community 1 2 Supply Chain:

Commercialization of Call Report Data in XBRL: 1 Potential Issues: Regulatory and Public Data Dissemination: Primary issue is regulatory agencies potentially competing with the commercial market place versus public accessibility. Data aggregation Industry analysis Aggregated reports Statistics Qualitative analysis Industry Analysis Report & Statistics

Commercialization of Call Report Data in XBRL: 2 Commercialization: Limited Market for Call Report Data alone. Market Opportunities: Add Additional Data Set News, SEC Filings, International data, ect Additional Value Add Predefined searches, calculations, graphic displays ect. Sample Analysis of Call Report Data: Takeover and merger Analysis of regional banks Research reports Industry analysis Peer analysis Derivative investment Affiliate revenue analysis

Today’s Agenda 1 2 3 4 5 About EDGAR Online Potential for the commercialization of call-report data in XBRL 2 3 Highlights from the study EDGAR Online’s most recent market research of banking analyst use of Call Report data • Potential for the commercialization of call-report data in XBRL • Highlights from the study • Benefits of Market Data Aggregator 4 Benefits of Market Data Aggregator 5 Demo

Highlights Summary Majority of the people interviewed did not know about the FFEIE modernization project. Users overwhelmingly support for modernization. Main drivers: Lack of timeliness, depth, accuracy and use of the available data Preferred Tools: Browser based or Excel Market Place Few concentrated vendors Many users get there data directly from the FDIC website

Today’s Agenda 1 2 3 4 5 About EDGAR Online Potential for the commercialization of call-report data in XBRL 2 3 Highlights from the study EDGAR Online’s most recent market research of banking analyst use of Call Report data • Potential for the commercialization of call-report data in XBRL • Highlights from the study • Benefits of Market Data Aggregator 4 Benefits of Market Data Aggregator 5 Demo

Benefit to Data Aggregators as Open Meta Standards are adopted by regulatory agencies. Filings Custom Macros Existing Models Microsoft Excel Plug-in News and Research Filing Feed Fundamental Data DB Internet Web Service Work sheets Third Party & Proprietary Applications Other Market Data Enrich dataset for enhanced products. Speed: Time to market. Data Quality: Enhanced accuracy of multiple data types.

EDGAR Online’s XBRL Strategy

EDGAR Online XBRL Datasets EDGAR Online’s datasets allow users to realize the benefits of XBRL today. Benefits Description Automation The automated EDGAR Online data extraction process greatly reduces the time it takes to get detailed financials to the market Standards US GAAP based XBRL datasets provide several hundred standard data elements which can be used in analysis and comparisons. Extensions Inclusion of company extensions in XBRL datasets provide a comprehensive view into the companies financials Scope By the first quarter of 2005 EDGAR Online will provide XBRL datasets for all US equities History Over five years (22 quarters) of data will be available for historical analysis

Dataset Delivery New products from EDGAR Online will facilitate the delivery of XBRL formatted content to the users fingertips. Product Description Web Service For requesting and retrieving datasets and data. Excel Add-in For the analysis of data in a tool and format familiar to users. Enhanced Analytics For value added analysis for Microsoft Excel and EDGAR Online Pro.

Enhanced Analytics The availability of XBRL datasets and an Excel Add-in from EDGAR Online will facilitate enhanced data analysis Fundamental Data DB EOL Web Service Internet Microsoft Excel Work sheets EOL Plug-in Existing Models Custom Macros Third Party & Proprietary Applications Users can import XBRL data directly into existing Microsoft Excel Macros and Models Third party analysis and benchmarking applications can leverage XBRL data through the web service Pre-packaged EDGAR Online templates will provide out of the box benchmarking and analysis tools for Add-in users

Today’s Agenda 1 2 3 4 5 About EDGAR Online Potential for the commercialization of call-report data in XBRL 2 3 Highlights from the study EDGAR Online’s most recent market research of banking analyst use of Call Report data • Potential for the commercialization of call-report data in XBRL • Highlights from the study • Benefits of Market Data Aggregator 4 Benefits of Market Data Aggregator 5 Demo

Questions? Liv A. Watson Vice President of XBRL – EDGAR Online, Inc In conclusion… XBRL is the key standard for the future of the digital reporting of financial content. In no other supply chain do we find such a range of motivations as in financial reporting, spanning from the preparation, analysis and reporting of financial performance within a company by finance and accounting departments, to the auditors who validate their statements, to the intermediaries who distribute and repackage this information for specific audiences, to the analysts, creditors, regulators and investors whose decisions ride upon its timely and accurate communication. In theory, anyone can play numerous roles in future and digital reporting; thus, anyone engaged in the emerging digital reporting environment will be identified not by their traditional role but by the way they interact with others. The companies that benefit most from the evolution of digital reporting will be those that understand they are digital media companies—and begin to act as such. EDGAR Online is committed to the adoption of the XBRL Framework and to embrace the challenges ahead…. Bla bla End with some joke…. Liv A. Watson Vice President of XBRL – EDGAR Online, Inc (p) +1.203.856.8986 (e) lwatson@edgar-online.com