Adjust the Payment Date of a Transaction

After creating a transaction in Fairways Debt, you can further adjust the payment date of that transaction, as long as it is still a draft. This feature enables you to define more accurate payment dates.

Note: You can adjust the payment date of these transaction types:

  • Loans: CDC, construction, ongoing, PIK, standard, subsidy
  • Derivatives: cross-currency swap, interest rate swap
  • Leases

 

Navigate to the Debt & Derivatives Application
  1. Log in to your Fairways Debt account, e.g. https://login.financeactive.com/login.
  2. Select a customer account.
  3. Navigate to Applications > Debt & Derivatives.

 

Adjust the Payment Date of a Transaction
  1. Navigate to Draft.
  2. Click a transaction to display its profile.

DebtDerivatives_Draft_EN.png

  1. Click Edit in the panel where the payment date adjustment is located.

DebtDerivatives_Draft_Transaction_EN.png

  1. Complete the form with all relevant details.
Field Description
Payment Date Adjustment Adjustment mode for the payment date.
Number of Days

Note: The number of days applies before the payment date adjustment.

Number of days to move from the payment date mode selected, can be earlier or later, e.g.:

  • -2 for 2 days earlier
  • 2 for 2 days later
Day Type
  • Banking: Includes financial banking days, business days, excludes holidays and weekends
  • Calendar: Includes all days
  1. Click Apply to update the schedule.

Payment_Date_Adjust_EN.png

 

Example

This transaction has an unadjusted payment date, occurring every 16 July.

Schedule_Unadjusted_EN.png

 

We adjust the payment date to -2 banking days.

Payment_Date_Adjust_Unadjusted_Banking_-2_EN.png

 

All payment dates are moved to the 2nd banking day earlier than the unadjusted payment date, i.e. every 14 July or earlier.

In 2019, 16 July is a Tuesday. The 1st banking day earlier is Monday 15 July. 13 and 14 July are Saturday and Sunday. That brings us to 12 July as the 2nd banking day earlier.

Schedule_Unadjusted_Banking_-2_EN.png

 

 

Related Documentation
Was this article helpful?
0 out of 0 found this helpful