7.1 Configuring Control Assessment Parameters

To Control the Assessment Parameters, follow these steps:

1. From Financial Services Data Governance for North America Regulatory Reporting window navigate to Administration and select Control Assessment Parameters.
   The Control Assessment Parameters window is displayed.

   Figure 7-1 Control Assessment Parameters

   
   

   

   
   

Table 7-3 Control Assessment Parameters Screen Fields and Descriptions

Fields	Description Fields marked in blue asterisk(*) are mandatory
Data Quality Errors	Percentage of records that have failed the data quality checks.
Data Quality Warning Flag	Percentage of records that have passed but have a warning flag.
Data Quality Information Flags	Percentage of records that are passed but have an information flag.
Defaults	Percentage of records that are defaulted.
Threshold Score	The threshold score is the value configured to compare with the computed Total Control Score to evaluate the effectiveness or ineffectiveness of the Data Quality control.
DQ Threshold Parameters	DQ Failed Threshold Amount: Global threshold Amount set for DQ failed records, the threshold value is validated for each DQ ID. DQ Failed Threshold Count Percentage: Global threshold count value set for DQ failed records, the threshold value is validated for each DQ ID.

Validations

• The sum of the weights of all parameters must not be greater than 100.
• The value in the Threshold field must not exceed 100.

The parameters can be defined as Inference Based/Fact-Based.