1.3 Local Holiday Maintenance

This topic describes local holiday maintenance to check the value date, start date, and schedule date of a loan and deposit contract to not fall on a holiday.

For a year, the user needs to define weekly holidays and calendar year annual holidays, and this is done in the Local Holiday Calendar Maintenance screen. The system uses the information maintained on this screen to do the following:

• To check that the Value Date of no Data Entry transaction falls on a holiday.
• To check that the start date/maturing date and schedule date of a loan and deposit contract do not fall on a holiday.
• To effect a date change on the system - Today’s date and Next working date

For any schedule/contract maturing at a future date (say 5 years), hence the user can input a future date, only if the calendar for that year has been maintained. It is not necessary to maintain the list of all annual holidays, for the future, the user can merely define all regular weekly holidays.

This screen is maintained for each branch of the bank from the respective branches, thus making it possible to have a different set of holidays for different branches of the bank.

This topic has the following sub-topic:

• Maintain Local Holiday Calendar
  This topic explains systematic instructions to maintain the local holiday calendar.