16.3 Use Case for Restatement in OFSDF

This section consists of a use case for Restatement in OFSDF.

Consider that a Bank or financial institution has missed to report some accounts or transactions when reporting to the regulator. Then the regulator has asked the Bank or financial institution to resubmit the report with complete details. To address this requirement, the Bank or financial institution must load the missing entries or reload the complete data set for past dates. Then rerun the reports for that prior date. The Restatement process helps in loading or reloading data into the respective Fact tables by looking-up right version of the Surrogate keys that is applicable for the prior MIS date. After the data is corrected, the Bank or financial institution can rerun the report and resubmit it.