4.9.9.3 Specifying Holiday Treatment for Schedules

In this section of the screen, you can specify the holiday treatment preferences for the repayment schedules falling due on holidays defined for the branch. The holiday treatment details maintained for the tranche product defaults to the contract. You can change your preferences at the tranche level.

Note:

The system redefines the future schedule dates for Principal, Fees, and Interest components based on the changes you make.

If you have maintained commitment reduction schedules for the tranche, you can apply the holiday treatment preference for the reduction schedules as well. To enable this, you have to select the Move Comm Redn Sch option for the tranche.

For more information on the holiday treatment options available, refer the heading Specifying Additional Preferences for Loan Syndication in the Defining Products for Loan Syndication chapter of this User Manual.