2.4.2.1 An Event is an Internal Event

In the Contract Diary Event screen, if you have selected Internal Event check box, then only Main tab details needs to be entered.

You define the following details for each internal diary event that you associate for a contract in this screen. In the Main tab, specify the following details.

• Frequency

  You must define the frequency at which the specified diary event must be processed for the selected contract - Daily, Monthly, Quarterly, Half-yearly, Yearly, and Bullet.

  If the selected event can only occur once, as specified in the event maintenance, the frequency is defaulted to Bullet and cannot be changed.

• Frequency Unit

  You can specify the units in which the specified frequency is reckoned, that is, the factor by which the frequency must be multiplied to arrive at the final diary event frequency.

  If the event can only occur once, as specified in the event maintenance, the frequency is defaulted to Bullet and cannot be changed, and the frequency unit can only be specified as 1.

• Start and end dates
  The start date is the date on which the specified diary event is processed for the first time in the life cycle of the selected contract. For events with multiple occurrences (as specified in the event maintenance), based on the frequency, the event can be repeated as many times as possible, till the end date that you define in this screen.

  Note:

  If you select the frequency unit as Bullet, the field End Date is disabled.

  The end date is the date beyond which the selected diary event is not processed again for the selected contract. For events with multiple occurrences, as specified in the event maintenance, you can specify an appropriate end date which is later than the start date.
  If the event can only occur once, as specified in the event maintenance, the end date is the same as the start date and cannot be changed.
• Number of events

  You can specify the number of times the specified diary event must be repeated, for the selected contract. For events with multiple occurrences (as specified in the event maintenance), based on the frequency, the event can be repeated as many times as specified in this field, before the end date that you define in this screen.

  If the event can only occur once, as specified in the event maintenance, this field is blank and disabled.

• Message

  If you have marked the event for which you are entering details here as an internal event by selecting the Internal Event check box in the Diary Event Maintenance screen, you can enter a message here in the space provided. This message serves as an internal reminder.