UBPartner XPE Certified for new XBRL OIM formats
XBRL: OPEN INFORMATION MODEL (OIM)
The XBRL specifications, to date, have been defined in terms of the XML syntax and both XBRL Taxonomies and instance documents are presented in XML.
The need to simplify the specifications and to address some important use cases was the impetus for XBRL International to develop the Open Information Model and in particular, the adoption of two new specifications:
- xBRL-CSV which enables large record-style datasets to be collected in a simpler way than the current xBRL-XML format and significantly reduces the file size, by removing replicated XBRL context metadata.
- xBRL-JSON which would enable the easier use of XBRL datasets for publishing and reporting on data via the use of No-SQL type databases.
UBPARTNER CERTIFIED FOR OIM
UBPartner has been an active member of the OIM working group and has provided feedback to the European Banking Authority (EBA) and the European Central Bank on what OIM can offer as part of feedback provided by XBRL-Europe.
XBRL International has confirmed that UBPartner’s XBRL Processing Engine (XPE) is fully compliant with both the xBRL-CSV and xBRL-JSON specifications.
See the full specifications list for which XPE is certified on: the XBRL International website.
Find out more about XPE
XBRL Processing Engine (XPE)
UBPartner is already seeing significant interest in xBRL-CSV as the European Banking Authority (EBA) has published an OIM set of artefacts for the CRD4 reporting framework to enable early participants to review and test. The European Insurance and Occupational Pensions Authority (EIOPA) are also planning to use it for collections of Solvency II reports.
Partners will need to review their plans on how to manage the transition period, where it is likely that xBRL-CSV is accepted by some European NCAs, but others will continue to accept the existing xBRL-XML reports.
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