3.6.5.2 Holiday-handling Preferences for Maturity Dates

If you have specified that the system check for maturity dates falling on holidays, you must also specify the treatment for maturity dates encountered by the system that do fall on holidays. The following preferences can be set:

• Moving the Maturity Date Backward or Forward

  You can indicate whether the maturity date falling on a holiday must be moved forward to the next working day, or backward to the previous one.

• Moving Across Months

  If you have indicated either forward or backward movement, and the moved maturity date crosses over into a different month, you can indicate whether such movement is allowable; it is allowable only if you indicate so in the Move Across Months field.