6.1.1 Change the Maturity Date

Enter the new Maturity Date on the screen. When you change the Maturity Date of a deal:

• If you have advanced the Maturity Date, the schedules falling due after the new Maturity Date is redefined to the Maturity Date.
• If you have postponed the Maturity Date, the schedules that have not liquidated and which fall due before the new maturity Date is redefined to the new Maturity Date.

You have to authorize the change in Maturity Date, before you redefine the schedules as per your new requirements, through the Contract Schedules screen.

When you extend the Maturity Date of a deal, the time code of the credit line to which the deal is linked should be beyond the new Maturity Date. If not, the system will seek an override.

The new Maturity Date applies to the deal from the Value Date of the deal.