Holiday Adjustments

Use the updated holiday processing to keep adjusted events after the applicable modeling start date: As of Date, Origination Date, or Last Reprice Date. When Previous Business Day or Modified Previous Business Day places an event on or before that boundary, CFECS applies the corresponding forward convention.

Avoid cash flow calculation errors caused by holiday adjustments that cross the modeling start-date boundary.

Steps to enable and configure

You don't need to do anything to enable this feature.

Tips and considerations

Retain the existing holiday-calendar configuration. Test events that backward rolling places on or before the applicable start date. Verify Previous-to-Following and Modified-Previous-to-Modified-Following behavior. Leave historical dates and the first accrual-start date unadjusted.

Key resources

https://docs.oracle.com/en/industries/financial-services/ofs-analytical-applications/profitability-balance-sheet-base/index.html