XBRL News about Ninghai Expressway, FERC and money markets
Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.
1 Ninghai Expressway: There is a difference …
2 Peer analysis in energy: how the FERC just made it easy
For every utility, it’s crucial to track and compare across peers. How to build resilient grids? How to deal with rising costs? How does my company stack up in this new day and age? These questions are only becoming more pressing as government policies set targets to improve transmission infrastructure, encourage building of DERs and still keep customer costs low amidst unprecedented inflationary pressures.
This is a very nice showcase for the usefulness of XBRL in granular data analysis.
3 XBRL US recommends xBRL-CSV for money market fund reporting
XBRL US has submitted a comment letter on a Securities and Exchange Commission (SEC) notice of information collection for Form N-MFP. This is used by money market funds to make monthly reports, requiring disclosures related to portfolio holdings, including daily and weekly facts. Currently, this form is reported in XML format.
Given the SEC’s recent track record, it would not be surprising at all if it were to comply with that suggestion in due course.
—————————————————————
Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.
We have a self-imposed constraint of 3 news stories each week because we serve busy senior leaders in Fintech who need just enough information to get on with their job.
For context on XBRL please read this introduction to our XBRL Week in 2016 and read articles tagged XBRL in our archives.
New readers can read 3 free articles. To become a member with full access to all that Daily Fintech offers, the cost is just USD 143 a year (= USD 0.39 per day or USD 2.75 per week). For less than one cup of coffee you get a week full of caffeine for the mind.