How to monitor Static Data enrichments

A quick guide on how to check if your Static Data is working as intended

KOR's Static data feature enables you to manage Products, Entities, and Relationships, which automatically enhances the data in your trade submissions. This eliminates the requirement to repeatedly submit this static data at a trade level and instead allows you to maintain a structured data model on the KOR platform.

If a transaction is submitted before the relevant static data has been added to the data model, this will result in errors before the trade gets to the endpoint. 

1. Eligibility 
   1. If product or entity data is missing, it is likely that the eligibility check will fail as the engine will not know how to assess the counterparty or instrument scopes.
2. Pre-Validator
   1. If product or entity data is missing, it will likely be caught at the Eligibility step if not at the Pre Validator step 
   2. If a static data enrichment is incorrectly applied due to an incorrect lookup value within the trade submission, the client will have to re submit the trade with a new UTI & the correct lookup value.