1. Configuration
  2. Data segments
  3. Cash Flow
  4. Cash Flow
  5. Holiday Preferences

2.10.1.4 Holiday Preferences

Use Holiday Preferences screen for handling holiday preferences if the maturity date or schedule date or revision date falls on a holiday.

Holiday could be either on a local holiday or currency holiday. You can select one of the following options if the date falls on a holiday.
  • Ignore Holidays
  • Specify the preferences for movement of Maturity/Schedule/Revision date
  1. In the Loan Origination , click Holiday Preferences tab and provide the required details

    Figure 2-15 Holiday Preferences


    Description of Figure 2-15 follows
    Description of "Figure 2-15 Holiday Preferences"

    Table 2-16 Holiday Preferences - Field Description

    Field Description
    Holiday Treatment Type System display the type of holiday treatment as - Payment Schedule, Revision Schedule and Maturity Date.
    Ignore Holidays No holiday treatment will be considered if the maturity date or schedule date or revision date falls on holiday. System will process the entries on the specified date.
    Holiday Check Enter the basis of holiday check, if you have indicated that the holiday should not be ignored for the loan contract. The options available are:
    • Local branch
    • Currency
    • Both
    Cascade Schedules Enter the due date arrived at, the holiday treatment is considered as the start date for the due dates for the subsequent schedules.
    Move Across Month If selected, allows movement of schedule date/maturity date/rate revision date of the contract across months, if you have indicated that the holiday should not be ignored for the loan contract. If you have chosen to move the schedule date/ maturity date of a contract falling due on a currency holiday, either forward or backward to a working day and it crosses over into a different month, the schedule date/maturity date is moved to the next month only if you indicate so in this field.
    Schedule Movement If selected, indicates the movement of schedule date/maturity date/ rate revision date either move forward to a next working day or move backward to the previous working date.

Parent topic: Cash Flow

2.10.1.4 Statement Preferences

Helps to indicate the loan statement generation preferences for a loan contract.
  1. In the Loan Origination > Statement Preferences tab and provide the required details.

    Figure 2-16 Statement Preferences


    Description of Figure 2-16 follows
    Description of "Figure 2-16 Statement Preferences"

    • Statement Cycle - Enter the frequency of statement generation.
    • Start Date - Select the start date of the frequency for the generation of the statement.
    • Statement Type - Enter the statement type to indicate if the loan statement report to be generated in a detailed or summary format.