1. Spanish implementation of the New Basel Capital Accord
Víctor Morilla
Ángeles Lozano

2. Moving towards XBRL based solutions
2003: Pilot project to receive information from appraisal companies
2004: Project for leading and planning the deployment of XBRL at the Bank of Spain2004: Infrastructure for development and deployment of XBRL systems
2005: System for the submission of public statements
Under development/analysis:
New Basel’s Accord Solvency Information
Central Balance Sheet Data Office questionnaires
Reserved Statements of Financial Entities

3. Project planning
First half of 2007 capital requirements will be sent using XBRL by September 2007.
Analysis will be finished by June 2006
Spanish COREP taxonomy will be ready by October 2006
Analysis
Taxonomy
Development
Testing
Jun 2006
Oct 2006
Sep 2007

4. Project requirements
Providing a safe channel to submit capital requirements statements
Having small impact on current legacy systems
Automatically identifying errors and problems with filings
Providing helper services to facilitate XBRL adoption by credit institutions

5. SIIF Project
System for the submission of public statements working since July 2005:
Taxonomy based on ifrs-gp (es-be-fs)
XBRL documents sent by
Helper services provided:
XBRL documents validation
XBRL documents visualization
Taxonomy visualization
Converter from old plain text format to XBRL
Spanish COREP implementation will be based on this project

6. SIIF Project Architecture
EAI
Access
Channel
Activity
record
Activity recording
User Reply
Translation to plain text
Validation
Activity recording
User Reply
Translation to plain text
Interface
to storage
system
Host
XBRL
DOCS
Plain
text
- Deciphering
Authentication
Access control
Activity recording
User Reply
Translation to plain text
Helper Services
Front-End
Fulfilment
state DB
Fulfilment state query
Pre-validation
Visualization
XBRL Web Services
Presentation
Validation
ISV XBRL Engine

7. What’s new in the COREP project
Complexity of COREP taxonomy and use of dimensions impacts on:
Mapping to storage on host
Validation
Visualization and validation helper services
Plain text to XBRL conversion
More complex checks and formulas applied
New business requirements

8. SIIF DB Mapping layer
One to one mapping from XBRL items to old database cells
FinancialLiabilitiesHeldForTradingTotal

9. COREP DB Mapping layer
One to many mapping from combinations of XBRL items and dimension values to old database cells
Item: AllPositionsLong
Dim1: MaturityLadderApproach

10. Validation and visualization
Current XBRL validation service (not dimension-aware) to be upgraded
Dimensional data to be rendered for business users visualization

11. 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

12. New business requirements
Manual edition
Providing a tool to allow credit institutions that cannot automatically extract information from their systems
Footnotes management
Capital requirements footnotes will contain some comments about data submitted
notification
Notifying credit institutions about pending submissions

13. Conclusions
This project will take advantage of infrastructure and experience from previous project
Spanish COREP project is a big chance to learn and take advantage from new and powerful XBRL features
It is an important step towards the deployment of XBRL in Spain

14. Thanks for your attention
Time for questions