6.4.2 Specifying Holiday Treatment for Maturity Dates/Value Dates

The maturity date for a contract could fall on holidays defined for your branch. In the Product Preferences for the borrower facility product, you can specify whether the system should check for maturity dates falling on holidays, and how such dates must be handled. These specifications would default to any borrower facility using the product. It also defaults to underlying borrower tranches or drawdowns that are opened under the facility if you specify the Holiday Default Basis as Facility when maintaining a Borrower/Tranche product (in the Additional Preferences for Loans Syndication screen).

You can specify any of the following:

• Holidays must be ignored.
• The maturity date falling on a holiday must be moved according to the holiday-handling preferences that you specify.

The holiday handling preferences for maturity date/value defined at the product level defaults to the CONTRACT tab of the Drawdown Contract Online screen.

The holiday treatment methods that are explained for a schedule dates are applicable for maturity dates and value dates as well.