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IHC Interest postings on holiday -change

Siva_RamaKrishn
Active Participant
0 Kudos

Hi

The last day of April 2017 is a Sunday. The interest won't be posted until IHC is running Monday evening.In this run the interest will be posted the first day in May and that is not what should happen. The interest should be booked in the same way as if the last day in a month is a working day, which means that it should be booked on the last working day. Do we need to manually rebook the interest every time the last day in a month is a weekend or public holiday.

what changes I have to carry out to modify the settings to post the interest calculations in the current month.

Thanks and Regards

Siva

Accepted Solutions (0)

Answers (2)

Answers (2)

Former Member
0 Kudos

Dear Siva,

We face the same issue and so far we haven't found a better solution than temporarily changing the calendar associated with the bank area so that IHC "thinks" (temporarily) that Sunday April 30th 2017 is a workday. After running the IHC interest calculation, posting and closing process, we set the calendar back to its normal behavior.

Best regards,

Carl

alex_zhu2
Advisor
Advisor
0 Kudos

Hello Siva,

You should set the condition of interest as your requirment like below screenshot "Next working day".

Thanks.

Best regards,

Alex.