3.6.5 Specifying How Maturity Dates Falling on Holidays must be Handled
The maturity date for a contract could fall on holidays defined for your branch. In the Product Preferences, 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 contract using the product, and also to underlying borrower tranche or drawdown contracts that are opened under the facility contract.
You can specify that:
- Holidays must be ignored OR
- The maturity date falling on a holiday must be moved according to the holiday-handling preferences that you specify
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