3.6.4 Specifying How Schedules Falling on Holidays must be Handled

Schedule dates for a contract could fall on holidays defined for your branch or on holidays defined for the currency of the contract. In the Product Preferences, you can specify whether the system should check for schedule dates falling on holidays, and how such schedule 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.
• Checks must be made for schedule dates falling on holidays.

If you specify that checks must be made, you can also specify the corresponding treatment for schedule dates falling on holidays.

This topic contains following sub-topics:

• Holiday Treatment Type
  
• Holiday-handling Preferences for Schedule Dates