1. Bilateral Loans
  2. Defining Attributes Specific to Loan product
  3. Setting Product Preferences
  4. Holiday Preferences

3.2.15 Holiday Preferences

The value date or schedule date or revision date or the maturity date of a contract might fall on a local holiday defined for your branch or on a holiday specified for the currency involved in the contract.

Specify the User ID and Password, and login to Homepage.

From the Homepage, navigate to Bilateral Loans Product Definition screen.

From the Bilateral Loans Product Definition screen, click Preferences.

  1. From the Preferences screen, click Holiday Preferences tab.
    The Holiday Preferences screen is displayed.

    Figure 3-7 Holiday Preferences


    Description of Figure 3-7 follows
    Description of "Figure 3-7 Holiday Preferences"

  2. The parameter that has to be considered for holiday treatment is specified in the ‘Holiday Check’ field. The options available are:
    • Currency

      Select this option if you want the system to check whether the schedule date of a contract falls on a holiday defined for the currency involved in a contract.

      If you select this option, you need to specify the holiday currency code. The system checks the holiday table for that particular currency. If the system encounters a contract whose currency is same as that of holiday currency, holiday handling is done according to the specified holiday handling preferences.

    • Local

      Select this option if you want the system to check whether the schedule date of a contract falls on a local holiday defined for your branch. If you select this option, you are not be allowed to enter the holiday currency.

    • Both

      Select this option if you want the system to check for both currency and local holidays of your bank. You need to indicate the holiday currency if you select this option.

    Note:

    The default holiday check is Currency.
    This topic contains following sub-topics:

Parent topic: Setting Product Preferences