Various methods, apparatuses/systems, and media for implementing a data quality check module for determining whether data is acceptable or not are disclosed. A processor collects all facts data corresponding to an agreement based on corresponding received distribution event data in accordance with margin requirements associated with the agreement and calculates statistical analysis data based on historical data points of the facts data for the agreement. The processor also creates and configures dynamic rules that are required to be applied for determining whether the agreement is in good order; verifies the statistical analysis data against the rules to determine anomaly data; marks the agreement as a good order agreement flag when it is determined that the anomaly data is within a predetermined threshold value; and automatically executes, in response to marking the agreement as a good order agreement flag, a straight through processing of the agreement.