A system, apparatus and method for generating extracted timing model files, such as macro library files, are disclosed. A user interface or data template is provided to an engineer that allows for the population of data within particular fields related to timing characteristics of an IP block, cell or core. Various types of data and fields may be provided into the user interface or data template. The location of relevant files, such as a cell or core netlist, may be provided within the template. Additionally, one or more modes may be selected by the user to define the manner in which the ETM file(s) are to be generated. An ETM file is automatically generated using the information provided in the data template.