Authoring Dynamic REQ Files
A dynamic requirement file, or dynamic document, is used to create a document on demand for financial transactions. Dynamic documents are tailored to a specific transaction and include only the text defined as relevant for a given transaction, hence the dynamic nature of the requirement file.
A dynamic document is constructed from words, sentences, paragraphs, and sections that are selected for the specific transaction and typically implemented through a series of data points, conditions, and rules. The content of a dynamic document is determined by applying a set of rules to prewritten content variations and a particular data set as part of content authoring performed in Requirements Editor. For example, a dynamic document may contain information that applies to a unique jurisdiction or multiple collateral items.
By applying lender-specific business rules and style guides, documents are assembled and formatted during the transaction. Each document package can be tailored by a financial organization to fit its policy and transaction needs.
