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 Applications.png > 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

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

 

 

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