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 call-

report data in XBRL

3 Highlights from the study

4 Benefits of Market Data Aggregator

5 Demo
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

sm
EDGAR® Online
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 call-

report data in XBRL

3 Highlights from the study

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
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 Industry Analysis
Report & Statistics
versus public accessibility.
 Data aggregation
 Industry analysis
 Aggregated reports
 Statistics
 Qualitative analysis
Commercialization of Call Report Data in XBRL:
2
Commercialization:
 Limited Market for Call
Sample Analysis of Call Report
Report Data alone. Data:
 Takeover and merger
 Analysis of regional banks
 Research reports
 Industry analysis
Market Opportunities:  Peer analysis
 Add Additional Data Set  Derivative investment
 News, SEC Filings,  Affiliate revenue analysis
International data, ect
 Additional Value Add
 Predefined searches,
calculations, graphic
displays ect.
Today’s Agenda
1 About EDGAR Online

Potential for the commercialization of call-

2
report data in XBRL

3 Highlights from the study

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 About EDGAR Online

Potential for the commercialization of call-

2
report data in XBRL

3 Highlights from the study

4 Benefits of Market Data Aggregator

5 Demo
 Benefit to Data Aggregators as Open Meta
Standards are adopted by regulatory agencies.

Regulatory
Filings Custom
Macros
Existing

Plug-in
Microsoft Models
Excel
News Work
Filing
and Fundamental Web Service Internet sheets
Feed
Research Data DB
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 For value added analysis for Microsoft Excel and EDGAR Online
Analytics Pro.
Enhanced Analytics
The availability of XBRL datasets and an Excel Add-in from EDGAR Online
will facilitate enhanced data analysis
Custom
Macros
Existing

Plug-in
Microsoft Models

EOL
Excel
Work
Fundamental EOL Web Service Internet sheets
Data DB
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

Potential for the commercialization of call-

2
report data in XBRL

3 Highlights from the study

4 Benefits of Market Data Aggregator

5
Demo
Questions?

Liv A. Watson
Vice President of XBRL – EDGAR Online, Inc
(p) +1.203.856.8986
(e) lwatson@edgar-online.com