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In this screen you can specify the holiday treatment, the holiday movement and the frequency
of the principal schedules.
Holiday Treatment
In Oracle FLEXCUBE, a schedule date falling due on a holiday can be treated in any of the
following ways:

Ignore the holiday - In which case the holiday will be ignored and the schedule date will
be retained on that day.

Choose to follow the Local holiday - The holiday will be treated as per your
specifications in the ‘Branch Holiday Maintenance’ screen.

Choose to follow the Currency holiday - The movement of schedules will be based on
the holiday calendars maintained for all the currencies that you have specified for the
contract in the ‘Holiday Currency’ screen (explained in detail in the subsequent section).

Indicate that the holiday treatment should be governed by the Financial Center – In such
a case, the movement of schedules will be based on the holidays maintained for the
financial institutions involved in the contract (multiple financial institutions are also
maintained in the ‘Holiday Currency’ screen).
Holiday Currency and Financial Centre
If you choose to follow either the currency holiday or the holiday calendar maintained for the
financial center, you need to specify the currencies/ financial institutions that are involved in
the contract. In the event, a schedule date of a component falls due on a holiday, the system
computes the next schedule date based on the combination of holiday calendars maintained
for all the currencies/ financial institutions that you have specified for the contract (whether
principal, interest or revision). Therefore, in effect, the next schedule date for a component will
be a working day in all the calendars involved in the contract.
Auto Settlement
The principal exchange schedules can either be settled automatically or manually. In this case
only automatic settlement is supported.
Holiday Movement
Move Backward/Forward
Occasionally the preferred holiday treatment, the branch holiday, the currency holiday or the
holiday governed by the financial center may, in turn, fall on a holiday. In such a situation you
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