8.2.58.2 Module Usage

Oracle ALM and Oracle FTP use holiday rolling convention code. The rolling convention values are represented by code values as follows:

Table 8-19 List of Holiday Rolling Convention Code Values

Code Values	Rolling Convention Basis
1	Unadjusted
2	Following business day
3	Modified following business day
4	Previous business day
5	A modified previous business day

1. When the Rolling convention is Unadjusted (code=1), payment is done on the actual payment date of the instrument.
2. When it is Following Business Day (code=2), the payment date is rolled into the next business day.
3. With Modified Following Business Day (code=3), the payment date is rolled into the next business day, unless doing so would cause the payment to be in the next calendar month, in which case the payment date is rolled to the previous business day.
4. When the rolling convention is Previous Business Day (code=4), the payment date is rolled to the previous business day.
5. With Modified Previous Business Day (code=5), the payment date is rolled to the previous business day, unless doing so would cause the payment to be in the previous calendar month, in which case the payment date is rolled to the next business day.

Modified Following and Modified Previous become applicable for many institutions having month-end accounting procedures.

Note:

If Holiday Adjusted Dates move to a new time bucket, Cash Flows will be populated in time bucket where the Cash Flow has moved into.