Data collection with the Central Server for Statistical* Reporting * and prudential André PetersMark Creemers Project CoordinatorStatistics Department,

Data collection with theCentral Server for Statistical* Reporting

*and prudential

André Peters Mark Creemers

Project Coordinator Statistics Department, XBRL project leader

Tel : +32 (0)2 221 28 21 Tel : +32 (0)2 221 55 58

E-mail : [email protected] E-mail : [email protected]

National Bank of Belgium - Statistics & Supervision

NBB is in charge of Financial statistics Balance of payments & IIP Foreign trade statistics (for the National Accounts Institute) National Accounts (for the National Accounts Institute) Data collection for the Supervisory authority (CBFA)

Banks, Insurance companies, Pension funds, OFI

NBB is in a quite unique position covering data collection needs for financial statistics, for statistics on real economy and for supervision.

National Bank of Belgium - Statistics & Supervision

20,000 reporting agents for foreign trade 12,000 reporting agents for balance of payments (direct reporting) 4,000 reporting agents for direct investments 110 banks, 250 pension funds, 140 insurance companies, ... public administrations also report NBB reports to NBB for monetary statistics

==> Clear need for a rational IT solution for data collection User friendly for small companies filling in statistical forms Full automation capabilities for big companies using XBRL, XML, file

transfer in a complex IT environment with a very high level of security

The solution : Central Server for Statistical Reporting

a single IT software tool implemented on server(s) connected to the Internet dedicated to all kinds of statistical and prudential reports used by all kinds of reporting agents (financial, non-financial, public,

private, big or small companies) to report to different authorities (central bank, supervisors, NSI)

IT : Life cycle of statistics & CSSR

conception implementation data collection & first validation control & data correction production & quality control dissemination of results & broadcasting

==> very thin tool in the production chain

but very efficient by its level of functionalities

} CSSR

Scope of CSSR

Many statistical domains Many domains for supervision Many surveys - many forms Different reporting frequencies Many sectors of activity Several languages (FR, NL, DE & EN)

=> For the declarants A single IT solution for all reportings A single IT solution for big, small, financial & non-financial

companies A declarant must use only one IT software for all reportings

CSSR : Central Server for Statistical Reporting

Banks CSSR- Trade in services- Reporting for control- Banking supervision - Insurance supervision- IFRS - Basel II- Intrastat (foreign trade)- MIR - Direct investments - Securities portfolio- Other investments- etc

Insurance companies

OFI

Pension funds

Non-financial companies big, small, <> sectors of activity

Administrations

Financial statistics

Balance of payments

Foreign trade

Financial supervision

Economic statistics

National accounts

Int. investment position

General Principles

Internet standards-based application : HTTP, SMTP, S/MIME ‘Thin client’ architecture : only browser at client side, no NBB-

software NBB does not intervene in the automation at client side One central validation-server at the NBB Support different profiles of users : low-profile, semi-automated and

full-automated Support different levels of security : 'strong' and 'weak' secured Client is responsible for follow-up and quality of his reporting

Immediate validation of his reporting Adequate functions to do this follow-up Same philosophy for many reportings

General Principles

Reporting agents receives their own 'space' on the server input for a survey can be done over several days to finish the reporting, they have to 'close' the questionnaire

Multilingual application Business areas are responsible for the business logic

software is managed by the business areas the application contains functions to define new surveys, forms,

validation- and derivation rules without intervention of the IT-department Short 'time to market' for new questionnaire

Input Channels

On-line data entry : 'Web-forms' Layout and content of Webform is determined by end-users

Import of CSV-files Synchronous or asynchronous treatment Format of the csv-file is similar to the corresponding Web-form

Http file upload XML format, one or many 'tables' Asynchronous treatment Client gets a validation report via e-mail

Mail exchange Strong secured : data is encrypted and digitally signed (S/MIME) For certain reportings, non-secure mail is authorised under the

responsibility of the client. Control on the 'from address'

Input Channels

XBRL (IFRS, Bazel II, FINREP) integrated in the content part of our proprietary XML format

Advantages for the reporting agent

Advantages for the reporting agent

A single tool

A single address

A single userID/certificate

A single interface

Multilingual software

No software, no installation, no costs

No interference between CSSR and the internal organisation of the reporting agent

Validation reports (on-line or off-line)

Advantages for the central Bank or the Supervisor

A single IT software

No software distribution

No support - officially only one browser supported (I.E. v 5.0)

New release on demand & when needed

Savings on costs of data entry, time to produce the results

Higher quality thanks to integrated checks

Software fully managed by the statisticians

Reducing the "time to market"

IT: Functionalities for the reporting agent

Web page interface with forms Edit, Save, Delete, Validate functions

File upload On-line validation On-line totalisation Standard print of forms Private memory space to store temporary data Identification of the contact persons Delegation of access authorisation Follow-up tool (control board) E-mail upload and off-line validation report

Functionalities for the statisticians & the supervisors

Domain definition Survey definition Code table, classification & list definition (meta-data) Definition, maintenance & update of validation & calculation rules Population Management

Which companies have to report what for which period within which prescribed time limit

Follow-up of response calculation of response rate / non-response rate / average delay for

reporting preparation of reminder

© National Bank of Belgium

Banks Central Server for Statistical Reporting- Trade in services- Direct Investments - Securities Portfolio- Other investments- Intrastat- BSI (2003)- MIR (2003)- Supervision : Banks, Insurances Companies, Pension Funds

XBRL• IFRS (2006)• FinRep (2007)• Basel II, CoRep (2007)• Basel II, pillar II (2008)

Insurance Companies

OFI's

Pension Funds


Administrations

Financial Statistics

Balance of Payments

Foreign trade

Prudential Supervisor

Economical stat.

National accounts

Where does XBRL enter CSSR-picture?


Possibilities to report:1. File upload / e-mail

a) Create XBRL file

b) Add XML envelope

c) File upload / e-mail with signed and encrypted file in attachment

2. Manual Data entry

XML (identification)

XBRL (data, > 99%)

XBRL and the CSSR


CSSR Delivery Report Your reference number is 7332

CSSR Acknowledgement Your delivery (7332) has been accepted by the

CSSR at the NBB and is sent to the validation server.

A validation report will follow. CSSR Validation Report

CSSR - file upload or e-mail delivery


CSSR - file upload or e-mail delivery


There are no limitations in the reporting protocol with regard to: the number of referenced taxonomies (templates);

the number of facts, contexts or periods.So, within one document it is possible to report:

facts for all taxonomies for one period.

facts for one / more taxonomies for several periods.

(very) limited sets of concepts, possibly even concept per concept, for corrections or revisions.

XBRL and the CSSR


FINREP / COREP reporting in XBRL

Other reportings in XML

CSSR - online access


CSSR - online access


CSSR - data entry


CSSR - data entry


CSSR - data entry


CSSR - data entry


CSSR - data entry


Consultation of the history of the facts

Consultation based on

presentation linkbase

Consultation based on (part of) the name of the element, as defined in the taxonomy.

CSSR - consultation of facts


How to create a table visualisation?Choose Y-axis

Choose one (or more) X-axis

Create 0,1,... drop-down boxes

CSSR - data entry


Calculation linkbase:only straightforward, simple calculations

No inequalities. No multiplications. No exceptions. No cross-context.

Formula linkbase no recommendation yet IT: additional rules outside taxonomy

CSSR - business rules


Business rules outside of taxonomy :

for (CPT=="ifrs_gp:AvailableForSaleFinancialAssetsAccumulatedImpairmentLosses")

group [DIMPROPS], CPT

{VAL>=0;}

for all

group [DIMPROPS]

{if (((VAL(CPT=="be_ifrs_fi:SpecificAllowancesForIndividuallyAssessedFinancialAssets") + VAL(CPT=="be_ifrs_fi:SpecificAllowancesForCollectivelyAssessedFinancialAssets")) !=0) then (VAL(CPT=="be_ifrs_fi:CarryingAmountOfTheImpairedAsset") ==0));}

for CPT == "p_cm_ca:MarketRiskCapitalRequirements" and MR=="d_mr:MRiskSACOMTotal"

group [DIMPROPS]- ["COM"],CPT

{VAL(COM==null) ~== sum(VAL(exist(COM)));}

Everything is possible!Rules are very intuitive!Reporter-dependent!

CSSR - business rules


XBRL is highly flexible. CSSR allows to take full advantage of this flexibility by working at concept level.

XBRL calculations are too limited. Until formula linkbase is available, all possible business rules can be programmed and validated by CSSR. Afterwards, CSSR can be used to add additional features (exceptions, tolerances,...).

Manual entry form is available in CSSR and is based on taxo. In the medium term, everything can be put in the taxonomy

(instructions, business rules,...). Simply load the taxonomy in the CSSR and make it available to the reporting agents! Transparancy, maintenance, new reporting projects,...

Validation before submission: "zero error" reports should be submitted

"Management by Exception"

XBRL and the CSSR, very well integrated and a strong combination!

CSSR : Conclusions

single software multi-reporting agents & multi-users multi-domains, multi-surveys, multi-forms multilevel functionalities (small or big companies) multilevel security multilingual multi-authorities (National Bank, Supervisor, National Accounts) only used by Belgian authorities

==> Why not widen the use of CSSR to other authorities in charge of statistical & prudential data collection?

CSSR : Central Server for Statistical Reporting

Banks CSSR- Trade in services- Reporting for control- Banking supervision - Insurance supervision- IFRS - Basel II- Intrastat (foreign trade)- MIR - Direct investments - Securities portfolio- Other investments- etc

Insurance companies

OFI

Pension funds


Administrations

Financial statistics

Balance of payments

Foreign trade

Financial supervision

Economic statistics

National accounts

Int. investment position

BELGIUM BELGIUM

CSSR : Internationalisation

Belgium BelgiumCSSR

Country 2Country 2

CSSR country 2

Country n CSSR country n

Country n

CSSR : Internationalisation Advantages for cooperators

Availability of a high level solution in the short term Teething problems have already been overcome Confidentiality of the data totally guaranteed NBB - IT infrastructure is up to date, including disaster recovery

procedure CSSR development conforms to the state of the art in IT business Costs saving - greatest part of the investments already made Costs sharing of the IT platform between the countries using CSSR

depending on the volume needed by each country Possibility to add new domains of data collection when needed =>

good learning curve & very low costs to start the project

Documents

Data collection with the Central Server for Statistical* Reporting * and prudential André PetersMark Creemers Project CoordinatorStatistics Department,