By default, LUSID operates a ‘data load first’ policy, so transactions and other data items are upserted and exceptions flagged for subsequent remediation, without interrupting critical processes.
Note: You can increase the level of validation to reject transactions that do not resolve to instruments.
Every instrument mastered in LUSID has at least one identifier. When you book a transaction (and some other types of data) into LUSID, you must specify at least one instrument identifier in your API upsert request. A set of rules governs how LUSID automatically resolves ingested data items to instruments.
There may be circumstances in which LUSID cannot match a particular data item to an instrument. To prevent the data load operation failing, LUSID automatically resolves this item to the unknown instrument instead. This is a built-in instrument with a LUSID Unique ID of
You should take steps to manually resolve unknown instruments.
In addition to
LUID_ZZZZZZZZ, LUSID has a built-in unknown currency. This has a LUID of
Unlike non-currency instruments, LUSID does not automatically map unknown cash transactions to the unknown currency. This is because your LUSID domain is prepopulated with a basket of currencies, and so booking cash transactions is an operation much less likely to fail. You are able to create a new currency (perhaps to represent a cryptocurrency), but it is not anticipated that this will be a common operation.
You can manually assign the unknown currency to a cash transaction or other data item when you upsert it into LUSID if you wish.