1) EBA’s whitepaper on multi-currency reporting
The group discusses in detail the paper, and identifies two scenarios instead of one as proposed in EBA’s paper:
Clean scenario : amounts are expressed using the unitRef to differentiate one from the other
Caveats:
° validation rules would need to take into consideration the unitref to differentiate while evaluating
° this scenario works with fact values from dynamic lists where the primary key is not the currency but an identifier such as Portfolio number
° what if amounts are expressed in both the original currency and a converted value in the reporting currency? What with conversion rates?
The group asks if EBA has an example to study.
discuss this in the
– roundtable
– XBRL Subgroup
2) Madrid Roundtable:
– David Bell
– Mark Goodhand
– Antoine
– Eric
– Derek
– Aitor
– Katrin
– Andreas