1.31 Local Holiday

This topic describes the information to configure a local holiday.

Each Local Holiday table serves to dictate various system functionalities. Different local holiday tables can be established and allocated to different branches as required. Functions associated with local holiday tables include:

1. Confirming the Value Date of a transaction that occurs on a business day.
2. Ensuring that the Start Date, Maturity Date, or Schedule Date of a loan or deposit aligns with a business day.
3. Managing the process to ensure that an action is executed on a business day or postponed to the next or preceding business day if scheduled on a holiday.
4. Generating a repayment schedule and determining contract maturity dates in the future, considering only business days.

This topic contains the following subtopics:

• Create Local Holiday
  This topic describes the systematic instructions to configure local holidays.
• View Local Holiday
  This topic describes the systematic instructions to view the list of configured local holidays.