2. About EDGAR Online (NASDAQ:EDGR)
Leader in disclosure management, financial data and GRC
analytics solutions
• Our clients create, collect and analyze data using EDGR software tools and
content services
• We help companies:
• Comply with filing regulations
• Manage financial information
• Lower risk and lower compliance costs
• Gain control over and analyze information
• Implement more agile and effective GRC practices
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3. EDGAR Online’s – XBRL Experience
Market EDGAR Online Market Posi2on Customers
Data & Analy2cs Private Sector Source for SEC Filings Anyone that needs to access SEC Filings:
• Over 70 million page views per month
• 10s of thousands of subscribers
• Equites, Mutual Funds, ABSs, Corp AcCons…
• Cataloged and searchable availability 30 seconds with alerCng
Largest , Fastest, Most Detailed XBRL Dataset Financial ins3tu3ons:
• 11 Years of all US Public Companies 10ks, 10qs, 8ks
• Linked to the Source document
• 6,000 elements taxonomy
• All filings in 15mins to avg of 6 hrs
• Chinese XBRL, Korean XBRL
XBRL Analysis Tool Analysts, Accountants & Regulators
• Demanding Users
• Open, screen, analyze and save XBRL data
• Web Version and Excel Version
• Link to source filing, alerCng, pricing, ownership, esCmates, news
XBRL Crea2on XBRL Filing Creator Companies that file with the SEC:
• Created over 280X BRL Filings for public companies
• 3‐4 X next closest compeCtor
• Fully automated with links to the source document
Highest Fidelity XBRL Processing PlaBorm Companies that collect financial data:
• SEC and Non‐SEC financial statements
• Linked back to the source document
• MulC‐currency & mulC‐lingual
4. Comprehensive Set of XBRL Products and Services
Create Consume Analyze
Filers Regulators Data Users
External Collec3on Data
Repor3ng Valida3on Research
ERP Integra3on Compliance Analy3cs
Business
Intelligence
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7. Enabling Data Management
Method = common framework
for viewing XBRL information
Common Technology =
Language shared content
hub & analytics
= XBRL
Common Measurements =
benchmarking standards
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8. The Informa3on Supply Chain Is Outdated
SEC Filings are rapidly growing in complexity & size
SEC’S EDGAR DATABASE
Cumula3ve # of Cumula3ve # of Cumula3ve # of # of Pages in
Year Filings Bytes Pages Ci3group’s 10k
1996 326,637 44,875,133,391 13,807,733 263
1999 1,059,494 147,570,816,546 45,326,919 265
2009 4,163,565 1,271,786,008,874 165,289,298 1,376
Analysts & regulators have used a 75 year old financial informa3on supply chain:
Fundamental
Data Set
External Report Vendor
1
Manual Re‐Keying
Fundamental
Data Set
Vendor
• 70% Manually re‐keyed from filing by analysts 2
• 10‐20% of what is reported ends up in data set
• High Error Rate, High Latency, High Cost, Low Detail
• US Equi3es have best transparency
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9. The importance of Data Standards and
Mandates
Data Informa3on Usage Overall Results
More than half of respondents
Perform industry or market analysis 74.4%
use data for performing
Benchmark compe2tors or comparable companies industry or market analysis
51.9%
performance (74.4%) and benchmarking
compe3tors or comparable
Analyze or make equity investment decisions 40.1%
companies (51.9%)
Iden2fy or evaluate mergers, acquisi2ons and
30.9%
partnerships Other common uses include
analyzing equity investment
Evaluate risk in exis2ng investment por`olio 21.4%
decisions (40.1%) and
iden3fying or evalua3ng
Iden2fy or assess poten2al customers 19.1% mergers, acquisi3ons and
partnerships (30.9%)
Analyze or make fixed income (debt) investment
19.1%
decisions
Iden2fy or assess supply chain partners 4.6%
0% 10% 20% 30% 40% 50% 60% 70% 80%
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10. Importance of Transparency:
Mortgage Securi3za3ons
DATA ELEMENT % INCLUDED ARM - Periodic Rate Change Frequency 53.77% Note Date 23.81%
Original Loan Balance 97.02% Balloon Flag 10 52.78% Self Employed Flag 23.61%
Property State 97.02% Original Interest Rate 52.18% Program 23.21%
Property Type 95.24% Remaining Term 51.39% Amortization Type 22.42%
FICO 94.64% Servicing Fee 50.60%
Pool 21.23%
First Payment Date 94.64% ARM - First Rate Change Date 47.22%
ARM - First Rate Change Period 21.03%
Occupancy Type 93.65% Adjustable Rate Flag 47.02%
Loan Purpose 93.45% Negative Amortization Limit 20.63%
Origination Date 46.83%
Current Rate 92.06% Convertible Flag 20.63%
Group 45.63%
Maturity Date 90.28% Borrower Quality 45.04% Current Combined LTV 20.24%
Property Zip 89.88% Current LTV 44.64% ARM - Periodic Payment Change Cap 18.65%
Original Term 86.71% Loan Type 42.66% Frontend DTI Ratio 18.65%
Documentation 85.12% Mortgage Insurance Company 42.06% Silent Second Flag 18.65%
ARM - Margin 84.92% Interest Only Flag 41.67% Delinquency Status 18.06%
Lien Position 84.33% Prepayment Penalty Flag 40.87% Conforming Loan Flag 17.26%
Loan ID 82.74% Servicer 40.48% Master Servicing Fee 17.06%
Interest Only Term 81.15% Paid to Date 38.69% Mortgage Insurance Certificate ID 17.06%
ARM - Periodic Rate Change Cap 74.21% Senior Lien Balance 38.69% Originator Loan ID 16.67%
ARM - Lifetime Max Rate 73.21% Junior Lien Balance 37.90% Negative Amortization Flag 16.47%
Current Loan Balance 72.22% ARM - Next Payment Change Date 37.70%
As of Date 16.07%
Current Principal and Interest Payment 71.63% Loan Subtype 35.52%
ARM - Look Back Period 15.87%
Mortgage Insurance Coverage 70.63% Seasoning 34.33%
ARM - First Rate Change Cap 69.84% Channel 15.87%
ARM - Periodic Payment Change Frequency 33.93%
Original Combined LTV 67.86% Property County 15.67%
Original Principal and Interest Payment 31.94%
Original LTV 65.08% ARM - First Payment Change Date 31.35% Current Scheduled Loan Balance 14.88%
Prepayment Penalty Term 64.09% Prepayment Penalty Type 30.56% Mortgage Insurance Fee 14.48%
Number of Units 63.29% Cut Off Date 30.36% First Time Buyer Flag 14.29%
Backend DTI Ratio 63.10% Mortgage Insurance Flag 29.76% Remaining Term - Stated 14.09%
Property City 62.70% Next Payment Due Date 29.56% Buydown Flag 13.89%
ARM - Next Rate Change Date 62.50% Originator 28.97% Delinquency Count 12.30%
Appraisal Value 61.31% Current Net Rate 27.98% Remaining Interest Only Term 12.10%
ARM - Lifetime Rate Change Cap 61.31% Property Value 27.18% Current Combined Loan Balance 11.71%
Property Sales Price 60.52% Appraisal Type 25.00% Interest Paid to Date 11.71%
10
EDGAR®Online
Amortization Term 60.12% Current Actual Balance 24.60% ARM - Lifetime Min Net Rate 11.51%
ARM - Adjustment Index 60.12% Months to Next Rate Change 24.60%
Current Appraisal 11.51%
ARM - Lifetime Min Rate 59.52% Lender Paid Mortgage Insurance Fee 23.81%
