Processing for Holidays

10.2.1 Processing for Holidays

Automatic processing like accruals, scheduled repayment, generation of billing advices or delinquency notices, and so on, falling due on a holiday is processed either on the last working day before the holiday, or on the first working day after it. The definition for this should be as follows:

Process till System Date
If you specify that processing of automatic events should be done upto the System Date, automatic events scheduled till (inclusive of) the current system date are processed.

Example
Assume today is 20 October 1997, and 21 October 1997 and 22 October 1997 are holidays. If you click this field, during the Automatic Batch Update function run only the events scheduled for 20 October 1997 are processed.
The events scheduled for the holidays, that is, 21 October 1997 and 22 October 1997 are processed during the Automatic Contract Update function run during beginning of day operations on 23 October 1997.
Process till next working day - 1
This specification means that events scheduled for a holiday should be processed on the last working day before the holiday.
If you indicate this, all the events that fall on a day between the current system date and the next working day are processed.
Example
Assume that today is 20 October 1997, and 21 October 1997 and 22 October 1997 are holidays. If you click this field, during the Automatic Batch Update function run at EOD on 20th October 1997, all the events scheduled that are scheduled for 21st and 22nd October 1997 are also be processed.

Parent topic: Specifying Branch Parameters