1. 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

2. 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

3. 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.

4. 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 ….

5. 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

6. 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.

7. 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:

8. 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

9. 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

10. 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

11. 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

12. 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

13. 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.

14. EDGAR Online’s XBRL Strategy

15. 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

16. 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.

17. 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

19. 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

20. 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
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