[uf-discuss] Financial data, statements etc - any previous discussion?

[Guillaume Lebleu]

There is XBLR for detailed corporate financial statements, OFX for 
personal banking, IFX for retail banking (I'm a member), FIXML for 
securities.

Although most of the current implementations are XML-based, IFX insists 
its model is not tied to XML and could be applied to other formats (such 
as microformats). There is little awareness of mf at IFX, but I 
discussed microformats with at least one other member and we thought it 
would make sense provided there is a business case. The main practical 
business case I can think about is the ability to copy/paste from a 
banking site your statements/transactions to something else.

Guillaume

Ian Lloyd wrote:
> In the process of defining a prototytping and development framework that
> will allow the department I work in to control UI aspects while letting
> the technical team concentrate on the backend stuff. Part of this project
> involves me creating initial HTML prototypes that are 'wireframe' in
> appearance (think: boxy simple css with layout and not much else) and to
> ensure that these developers don't go inventing new terms and styles, a
> controlled and versioned  list of naming conventions. In other words:
>
>   
>> "Here are the id and class names that you can use and nothing else"
>>     
>
> I can come up with what I *think* are suitable naming conventions for
> things like navigation, headers, footers etc, but for financial data I
> need to take a little more care.
>
> Something that has occurred to me in the past is how great it would be if
> there was consistency in naming conventions for data for example classes
> that defined:
>
> - a statment
> - a debit figure
> - a credit figure
> - a total of any kind
> - an interest figure
>
> etc etc
>
> The benefits are reduced when you're dealing with a banking system that's
> closed off by security login (e.g. no real use  for aggregrators etc), but
> there are definite benefits in terms of defining a standard that can be
> adopted by different organizations, perhaps saving time in
> development/analysis stage, and for users with specific needs that have
> user style sheets, how great would it be if their banking/financial data
> styles werwe portable and usable across different sites.
>
> So, that's the preamble. Here are the questions:
>
> - Has there been any discussion of this in the past? (I checked archives
> but couldn't find)
> - If not, is anyone aware of any existing 'standard' for
> naming/structuring financial data?
> - What would the community here recommend as my next steps to ensure that
> the work I'm doing internally can dovetail with some kind of definition
> that is publicly available?
>
> I appreciate your comments - this is all new to me (first post on mf.org!)
>
> Thanks all
>
> Ian Lloyd
> ---------------------------------
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>
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