Static Data: A Tricky Proposition
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Static data can represent over 90 percent of data stored in most banks--yet what most banks don't realize is that "static" data can often change. By Geoff Kates, Managing Director of Lepus, a Management Consultant in Investment Banking.
Most banks define static data as common reference data that can be shared across positions and systems. This data includes currency, industry, central bank, client category, risk and country codes as well as Swift BICs. Additional data can be termed "referential
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