3.6.4.1 Holiday Treatment Type
- Include Branch Holiday
Select this option to indicate that you want the system to check whether a schedule date falls on a local holiday defined for the branch. You cannot specify a check for currency holidays, if you choose this option.
The system checks the holiday table for your branch. If it encounters a contract entered in your branch, with a schedule date falling on a branch holiday, the holiday is handled according to the holiday-handling preferences you specify. - Use Facility Currency
If you choose this option, the system checks whether the schedule date falls on a holiday defined for the currency of the facility (borrower) contract, if this currency is different from the holiday currency you have indicated.
- Use Local Currency
If you choose this option, the system checks whether the schedule date falls on a holiday defined for the local currency, if this currency is different from the holiday currency, facility currency and contract currency you have indicated.
- Holiday CcyIf the system must check whether the schedule date falls on a holiday defined for the currency of the contract, you must specify the code of the holiday currency. Further, you have the following options to specify the specific currency for which the check must be done:
- Facility Currency
- Local Currency
- Apply Financial Centre Holiday Treatment
This check box allows you to enable financial centre holiday treatment and add the financial centres for the holiday treatment.
For more information about maintaining financial centre for holiday treatment refer to Products User Manual.