A Case Study:
Enhanced Banking Analytics
10TH XBRL INTERNATIONAL CONFERENCE, Brussels
November 2004
Presented by:
Liv A. Watson
Vice President XBRL – EDGAR Online, Inc
lwatson@edgar-online.com
Today’s Agenda
1
About EDGAR Online
2
Potential for the commercialization of callreport data in XBRL
3 Highlights from the study
4
5
Demo
Benefits of Market Data Aggregator
Introduction
EDGAR®
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®
Online
sm
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
About EDGAR Online
2
Potential for the commercialization of callreport data in XBRL
3 Highlights from the study
4
5
Demo
Benefits of Market Data Aggregator
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
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).
Supply Chain:
1
2
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
About EDGAR Online
2
Potential for the commercialization of callreport data in XBRL
3
4
5
Demo
Highlights from the study
Benefits of Market Data Aggregator
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
About EDGAR Online
2
Potential for the commercialization of callreport data in XBRL
3
4
5
Demo
Highlights from the study
Benefits of Market Data Aggregator
Benefit to Data Aggregators as Open Meta
Standards are adopted by regulatory agencies.
Regulatory
Filings
Plug-in
Custom
Macros
News
and
Research
Filing
Feed
Fundamental
Data DB
Web Service
Work
sheets
Internet
Other
Market
Data
• Enrich dataset for enhanced products.
• Speed: Time to market.
• Data Quality: Enhanced accuracy of multiple data types.
Existing
Models
Microsoft
Excel
Third Party &
Proprietary
Applications
 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
EOL
Plug-in
Custom
Macros
Fundamental
Data DB
EOL Web Service
Existing
Models
Microsoft
Excel
Internet
Work
sheets
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
About EDGAR Online
2
Potential for the commercialization of callreport data in XBRL
3
4
5
Demo
Highlights from the study
Benefits of Market Data Aggregator
Questions?
Liv A. Watson
Vice President of XBRL – EDGAR Online, Inc
(p) +1.203.856.8986
(e) lwatson@edgar-online.com