The Information Exchange Procedures (IEP) developed by the National Center for Higher Education Management Systems (NCHEMS) are a set of standard definitions and procedures for collecting information about disciplines and student degree programs, outcomes of instructional programs, and general institutional characteristics. These definitions and procedures have been developed to facilitate exchange of information among institutions of postsecondary education, providing institutions with some assurance that data exchange are useful for purposes of comparison. Contained in the document are data formats for collection of: (1) general information; (2) statement of goals and missions of the institution; (3) student information, including: demographic data, handcount enrollments, enrollment status, financial aid, entering freshmen abilities, basic tuition and fee charges; (4) resource information, including: instruction/research professionals, personnel, and facilities; (5) financial information, including: direct and full cost summary, individual or projected research, columnar balance sheet, current revenues by source, and current funds source/use format; (6) unit cost information by discipline and course level and by student program and student level; (7) student outcomes information, including program enrollments and completions and outcomes questionnaire for program completers. (Author/KE)