## What is the difference between dynamic and static documents?

### Static Documents

n Static documents are written and prepared in advance for particular processes or lending transactions.

n The documents are created with specific content in a fixed format with compliance content that does not change with each transaction.

n Check boxes and empty text fields that must be completed during each transaction may appear on static documents. Data is typically entered by completing prompts during document preparation.

n Static documents can be printed as blank documents.

### Dynamic Documents

n A dynamic document is a document created on demand for financial transactions.

n The documents are tailored to the specific transaction and include only relevant text.

n A dynamic document may require entering information by completing prompts during document preparation.

n Dynamic documents are constructed from words, sentences, paragraphs, and sections that are selected for the specific transaction.

n The content of a dynamic document is determined by applying a set of rules to prewritten content variations and a particular data set in a process referred to as authoring. For example, a dynamic document may contain information that applies to a unique jurisdiction or multiple collateral items.

n 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.

n Dynamic documents cannot be printed as blank documents because ComplianceOne requires transaction data to create them.