7.1.2 Impact of Liquidation Mode on Rollover

The mode of liquidation of a deal (automatic or manual) has the following impacts while executing the rollover:

Specification	Treatment
Auto liquidation and auto rollover	The old deal is liquidated and a new one initiated on the Maturity Date of the deal during the BOD (Beginning Of Day) run of the Automatic Contract Update function. If the Maturity Date falls on a holiday, then the liquidation and the rollover is processed as per your holiday handling specifications in the Branch Parameters screen. If you specified (in the Branch Parameters screen) that processing has to be done today (the last working day before the holiday) for automatic events right up to the day before the next working day, the schedule falling on the holiday is liquidated during end of day processing on the last working day before the holiday. If you specified that processing has to be done only up to the System Date (today), then only the events scheduled for today (the last working day before the holiday) is processed. The events falling on the holiday is processed on the immediate working day after the holiday, during the beginning of day processing
Auto liquidation (of principal) and manual rollover	The old deal is liquidated automatically on the Maturity Date. If the deal has to be rolled over, the rollover instructions should be specified for the deal before the Maturity Date. If the contract has not been liquidated because of lack of funds in the repayment account, you can give rollover instructions even after the maturity date saying that the contract has to be rolled over as of the maturity date.
Manual liquidation (of principal)	Rollover has to be manual. The deal will not be liquidated by the Auto Liquidation function. You can either liquidate it or specify that it has to be rolled over. This is specified at any time - before or after the Maturity Date of the deal, if the contract has not yet been liquidated.

If you have defined that the deal be liquidated manually, you cannot roll it over automatically. When a deal is rolled over or renewed for the interest, charge or fee components, it can assume the following attributes:

• Those of the product involving the deal being rolled over, or
• Those of the old deal itself

Specify this at the time of deal processing (of the old deal).

• Rollover Details
  This topic provides the instructions to capture the Rollover Details.