4.4 Specify Deal Schedule Preferences

This topic describes how to specify deal schedule preferences, contract preferences, and liquidate back values schedules.

Schedule preferences are the attributes of the repayment schedules defined for the deal.

The attributes that have been defined for the product are inherited by all deals involving the product. Some of these attributes can be changed. They are:

• The liquidation of schedules that fall due before the day on which the deal is booked
• The liquidation mode (auto to manual)

Through a set of fields in the Contract Preferences screen, you can specify the following additional set of schedule-related attributes for the deal:

• How liquidation dates falling on holidays should be handled
• Whether schedule dates should be cascaded in case you have indicated that they (schedule dates) be moved forward or backward in case of a holiday
• The holiday table of the country of the deal currency that has to be checked before setting automatic schedules  Whether back valued schedules should be liquidated on deal initiation
• Whether, in case of a placement, the availability funds in the repayment account has to be verified if components have the same schedule date and repayment account, and automatic liquidation has been specified

The Contract On-line screens are available under ‘Islamic Money Market’ in the Application Browser.

• Specify the Contract Preferences
  This topic describes the back valued schedules liquidation, move schedules forward or backward, specify the holiday currency, mode of liquidation, and cascade schedules.
• Liquidate Back Valued Schedules
  
• When the Repayment Schedule Date is a Holiday
  
• Move Schedules Forward or Backward
  
• Move Schedule Dates Across the Month
  
• Specify the Holiday Currency
  
• Mode of Liquidation
  
• Cascade Schedules
  
• Ascertaining the Availability of Funds