8.2.1 Impact of Liquidation Mode on Rollover

Rollover is applicable for both Manual and Automatic modes of liquidation. When the liquidation mode is Manual, system allows you to specify the rollover instructions. On saving the same, the rollover option is changed to auto and an override message gets displayed.

The mode of liquidation of a drawdown has the following impact when rollover is carried out:

• Auto Liquidation and Auto Rollover

  The original drawdown is liquidated and a new one initiated on the maturity date of the drawdown. It is processed as a part of the BOD process by the Automatic Contract Update function. If the maturity date falls on a holiday, the liquidation and the rollover is processed as per the holiday handling specifications maintained in the Branch Parameters screen.

  • If you have specified that processing has to be done today (the last working day before the holiday), then for automatic events, the schedule falling on the holiday, is liquidated today during End of Day processing.
  • If you have specified that processing has to be done only up to the System Date (today), then only the events scheduled for today (the last working day before the holiday) is processed. The events falling on the holiday are processed on the first working day after the holiday, during Beginning of Day processing.