Holidays and Non-Working Days
- 15 Jul 2024
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Holidays and Non-Working Days
- Updated On 15 Jul 2024
- 2 Minutes To Read
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- DarkLight
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Holidays and non-working days define the days on which there will be no loan account installments. Holidays fall on specific dates in the year. Non-working days are days of the week which are regularly not considered work days. For example, in many European countries, Saturday and Sunday are typical non-working days.
Whereas non-working days apply to your entire organisation, holidays can be defined as either organisation-wide, for specific branches, or currencies. For more information on managing branch-specific holidays, see Setting holidays for a branch.
Please Be Aware
If you change your configuration settings for non-working days or holidays, all accounts that are not currently closed will be affected.
Please Note
This element can also be configured using Configuration as Code (CasC). For more information, see Configuration as Code.
Holidays
A holiday is configured for a specific date in Mambu.
Your organization may recognize holidays that do not occur every year, or that move from year to year. Holidays may be configured as either recurring or non-recurring.
Please Be Aware
We recommend scheduling time at the beginning of each year to review all currently-configured holidays to verify they are still valid, so you can delete or move them if necessary.
To define a new holiday:
- On the main menu, go to Administration > General Setup > Holidays.
- Under General Holidays, select Add Holiday.
- Enter all necessary information in the Add A Holiday dialog. See below for more information on the fields.
- Select Apply Changes to save.
Holidays fields
| Name | Description |
|---|---|
| Description | The name of the holiday. |
| Date | The date of the holiday. |
| Recurring | Whether the holiday recurs on the same date every year. |
| Id | A unique ID. If this field is left blank, Mambu will generate a unique ID automatically. |
Non-working days
Non-working days are days of the week which are regularly not considered work days. For example, in many European countries, Saturday and Sunday are typical non-working days.
To select the non-working days for your organization:
- On the main menu, go to Administration > General Setup > Holidays.
- In the Non Working Days field select the checkboxes next to the appropriate non-working days.
- Select Save Changes.
Holidays per currency
Holidays per currency refers to the national or regional public holidays that affect financial markets, banks, and trading activities in different countries or regions where specific currencies are used. A holiday per currency is configured for a specific date in Mambu. Holidays per currency may be configured as either recurring or non-recurring. They can be set in advance.
To define a new holiday per currency:
- On the main menu, go to Administration > General Setup > Holidays.
- Under Holiday per currency, select Add Holiday.
- Enter all necessary information in the Add A Holiday dialog. See below for more information on the fields.
- Select Apply Changes to save.
Holidays per currency fields
| Name | Description |
|---|---|
| Description | The name of the holiday per currency. |
| Date | The date of the holiday per currency. |
| Recurring | Whether the holiday occurs on the same date every year. |
| ID | A unique ID defined per currency field. The unique ID is validated at a currency level. If this field is left blank, Mambu will automatically generate a unique ID. |
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