Guide to Configuring Non Standard Reference Rate in KOR | Scribe

    Guide to Configuring Non Standard Reference Rate in KOR

    • KOR Client Success |
    • 31 steps |
    • 3 minutes
    information ordinal icon
    This guide is for mapping non standard reference rates, when an underlier in your system is not found in KOR's allowed [reference rate values](https://airtable.com/app60NGcjE1qtzTCu/shrNp1xVGg5iEYX9F). For mapping reference rate and other product related fields please see [this](https://scribehow.com/shared/Reference_Rate_Configurations__35EAL6KrShKYG9wdSv6k4w?referrer=documents) guide
    1
    Navigate to [https://services.int.korfinancial.com/2BE6A868-8BD9-3C0F-9719-840D443FDCB1/configurations/rules?kdmFieldType=HUB&kdmFieldName=referenceRate&editRuleId=C70FA471-FF24-4A4F-8A29-644496DA3123](https://services.int.korfinancial.com/2BE6A868-8BD9-3C0F-9719-840D443FDCB1/configurations/rules?kdmFieldType=HUB&kdmFieldName=referenceRate&editRuleId=C70FA471-FF24-4A4F-8A29-644496DA3123)
    2
    Click "Pre-validation"
    3
    Click this card that indicates there are rejections associated to reference rate
    4
    Click on one of the records below to see the details
    5
    When you see a number with the error 'Invalid allowed value', this means the value is unmapped. Take this and search within your internal product system to find any information you can, such as an index name or product description
    6
    With the description, search in KOR's Airtable to see if a similar value exists. (guidance on reference rates [here](https://help.korfinancial.com/field)) If you can't find one, proceed to configure it by following the steps below. If you can, go to [this](https://scribehow.com/shared/Reference_Rate_Configurations__35EAL6KrShKYG9wdSv6k4w?referrer=documents) guide to proceed with mapping it.
    7
    Click "Configurations"
    8
    Click "Rules"
    9
    Click the "Search..." field.
    10
    Type "referencerate"
    11
    Click the mapping icon.
    12
    Find the value mapping card and click the (+) button to add a new row.
    13
    Put the identifier on the left
    14
    Click the "KOR value" field and type "OTHER"
    15
    Click "Update" to save.
    16
    You'll now proceed to do the same thing for the otherReferenceRate field. Navigate to the field and click this icon.
    17
    Click this icon.
    18
    Click the "My value" field and paste the underlier.
    19
    Click the "KOR value" field and type "OTHER"