4.1.2 Holiday Validation Assumptions

In the OT module, local holiday, currency holiday and financial center holiday validations is applicable for:

• Trade date, Value date, Maturity date, Premium Payment Date, Rebate Payment Date, and Exercise Payment Date

  Note:

  For exercise and rebate payment date, the holidays movement will always be a forward movement and also if there are any holidays this settlement date will move accordingly
• Automatic schedule movement is applicable for Interest schedule and Bermudan schedule

The system display an applicable override message if these dates fall on holiday and configured for holiday validation. You can ignore the override message or change the respective date as deemed appropriate.