26. Maintaining Clearing Holidays

You need to maintain a yearly list of holidays of your Clearing House. This is defined in the ‘Clearing House Holiday Calendar’ screen.

This chapter contains the following section:

• Section 26.1, "Clearing House Holiday Maintenance"

26.1 Clearing House Holiday Maintenance

This section contains the following topics:

• Section 26.1.1, "Maintaining Clearing House Holidays"
• Section 26.1.2, "Steps to Define Clearing House Holidays"
• Section 26.1.3, "Defining Clearing House Holidays"
• Section 26.1.4, "Designating Unexpected Holidays for Clearing House"

26.1.1 Maintaining Clearing House Holidays

This set of holidays is maintained at the bank level, by the Head Office. You can invoke this screen by typing ‘STDCGHOL’ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button.

In this screen, you maintain a list of holidays of the Clearing House with which your bank is associated with.

26.1.2 Steps to Define Clearing House Holidays

To define Clearing House holidays for a year, (for instance, for 2000) you have to do the following:

Building the calendar for the year

Step 1

Click new icon.

Step 2

Enter the year — 2000 or move to the year 2000 using the arrows.

Step 3

To build the calendar for the year, 2000 click the ‘Refresh’ button. This button is called the ‘refresh / build up’ button because it builds the calendar for you. Please note:

• Your clearing house can be identified with the name -- SYS, given to it by the Oracle FLEXCUBE system. This is displayed in the field ‘Clearing House’
• Saturdays and Sundays are marked as weekly holidays for the Clearing House. This is the default setting of the system
• For identification, the working days are marked in black and the holidays in red
• All unauthorised records appear against a blue background. On authorisation of that record the background disappears

26.1.3 Defining Clearing House Holidays

To define an additional holiday, click the particular date which you need to be considered as holiday. The system will mark that date as a holiday. The system will change the color of the date to red.

If you click a date that is already marked as a holiday, the system will clear the holiday and treat that date as a working day. The color of the date text is changed to black, indicating that it is no more a holiday.

26.1.4 Designating Unexpected Holidays for Clearing House

The holiday calendar for your clearing house is maintained in the Clearing House Holiday Calendar screen

In addition to the holiday calendar, you may need to designate certain days as holidays unexpectedly, without forewarning. Alternatively, you may also need to roll back a previously defined holiday date or set of dates. You can do this using the ‘Unexpected Clearing House Holiday Maintenance’ screen.

You can invoke this screen by typing ‘CGDCGHOL’ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button.

In this screen, for a clearing house, you can maintain a range of dates, every date within which will be designated as holidays for the clearing house. You can also provide a reason for the designation.

Every unexpected holiday you designate must be authorized for it to be effective

26.1.4.1 Reversing Designated Holiday

In the Unexpected Holiday Maintenance screen, you can also reverse a designated holiday before the actual date. Specify the holiday date in the Holiday Date field, and check the Reverse box field alongside it.

When you designate unexpected holidays, any bank or customer value dates for clearing transactions, that coincided with the holiday are rolled forward. Any accounting entries passed are reversed and fresh entries are passed to reflect the new value date.

Note

For the release of uncollected funds, the original transaction date is considered for avail­ability calculations.