Schedule preferences are the attributes of the repayment schedules defined for the contract. Through a set of fields in the Contract Preferences screen, you can specify:

• How liquidation dates falling on holidays should be handled
• Whether back valued schedules should be liquidated upon initiation
• The type of amortization, if amortization has been specified for the product
• Whether schedule dates should be cascaded in case you have indicated that they (schedule dates) be moved forward or backward in case of a holiday
• The holiday table of the country of the contract currency that has to be checked before setting automatic schedules.

Certain attributes are inherited from the product and these can be changed here:

• Liquidating schedules that fall due before the day on which the contract is booked
• Liquidation mode (auto to manual).

The schedule type - amortized, capitalized, or normal is inherited from the product and displayed for the contract.