When building a deal in K-SIM, the user can run individual components of the structure and view the results for:

K-SIM will not run these pages automatically and requires the user to manually run the function.  When a user modifies the inputs to one of these components, K-SIM provides a notification banner that the results are no longer valid.

If an input is modified that only impacts a single results screen, the user must re-run that component to clear the banner and see updated results.

To clear this notification, the user must re-run the component:

There are cases where changing an input can cause multiple banners to appear, for example.

You will then see two banners on the top of the results page, as the example below illustrates:

To clear both banners, the user should first re-run K-PAT to view the updated K-WARF, Default and Recovery results. Then, the user should Run Scenarios so that the cashflow engine can use the new K-PAT results.

There are some cases where a user may make multiple changes such as a deal date (considered as K-PAT & Scenario Input changes) and a tranche balance (Scenario Input change).  If desired, the user can run the scenarios without re-running K-PAT.  This would run the cashflow engine using the outdated K-PAT results and the new tranche balance.  The Cashflow Results screens will continue to display the K-PAT banner until K-PAT is re-run, necessitating a subsequent scenario run to clear all the banners.