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Smart Data

What is Smart Data?​

Smart data are custom derived curves and timeseries that are created using a simple expression.

Endless possiblities​

With the powerful combination of:

You can build any curve or timeseries using any logic, the possibilities are endless!

Logical Expressions​

Simple​

For example to add a fixed value of 10 to every point in a curve or timeseries, the expression would be:

BASE + 10

Multiple inputs​

The expression can also combine multiple curves or timeseries, e.g. to create a spread between 2 curves or 2 timeseries, use this expression:

BASE - OTHER

Where OTHER is a reference to another curve or timeseries.

Functions​

Expressions can also reference built-in functions or any public or private functions in scripts that have been updated in the platform.

Some function examples​
Built-in curve bootstrapping function​

Create an arbitrage-free monthly curve from a curve with monthly, quarterly, seasonal and yearly tenors.

bootstrapCurve(BASE)

Built-in general combine function​

Uses a primary input and fills missing values from an alternate source.

combine(BASE, OTHER, true)

Conditional function from a public script​

Test a condition, and use alternating values for each item on the curve or timeseries depending on the condition result.

iif(BASE<2300,2300,BASE)

The code for the iif function​
function iif(condition, valid, invalid)
    // Iterate through all the curve contracts
    for contract in condition.contracts
    
        if contract.value == true
            // Use the value value if true    
            v = valid
            if typeOf(valid) == "Curve"
                v = valid[contract.tenor].value
            end
            contract.setValue(v)
        else
            // Use the invalid value if false
            v = invalid
            if typeOf(invalid) == "Curve"
                v = invalid[contract.tenor].value
            end
            contract.setValue(v)
        end
    next
    
    // Return the result using the name of the function
    iif = condition
end
The power of Smart Data

This is the power of Smart Data; We continually add to the public scripts and you can push your own proprietary scripts to the platform containing any curve or timeseries building logic possible without the need for us to upgrade the platform.

Saving Smart Data​

Smart Curve​

When you save a new Smart Curve, it saves the expression and configuration. A new curve is then automatically generated everytime the input data changes.

Smart Timeseries​

When you save a new Smart Timeseries, it saves the expression and configuration. Everytime a user or system requests the Smart Timeseries it dynamically runs the expression and returns the results.

Further Reading​