Custom Calendars

Owned by TurnKey Lender
Last updated: Jul 29, 2024
2 min read

Introduction

Custom calendars allow the Lender to keep to its customizable calendar with easy-to-add holidays and weekends. Users authorized to use the Settings workplace can easily:

  • Define a specific day as a bank holiday

  • Set the holiday date as an annual one

  • Edit holiday details

  • Remove holidays from the calendar

This seemingly small change allows for convenient use of the system and awareness of all its users about the working schedule of the Lender. Moreover, the custom calendar will affect the date-rolling feature of a Credit Product.

Date Rolling is an automatic move of due dates that fall on the weekend or bank holiday to a working day (most commonly - to the nearest following working day). This way, the Lender won’t have to deal with the cases when an observant Customer misses the due date because it falls on a bank holiday.
Such an approach is beneficial for the Lender’s employees who won’t need to spend time and effort to report such delays, and what is even more important, for the Customers who will feel respected and won’t need to adjust their usual payment routines or worry about missing a due date.

Date Rolling is an automatic move of due dates that fall on the weekend or bank holiday to a working day (most commonly - to the nearest following working day). This way, the Lender won’t have to deal with the cases when an observant Customer misses the due date because it falls on a bank holiday.
Such an approach is beneficial for the Lender’s employees who won’t need to spend time and effort to report such delays, and what is even more important, for the Customers who will feel respected and won’t need to adjust their usual payment routines or worry about missing a due date.

How to Set Up Custom Calendar

The Calendar can be modified at Settings → Loan settings → Calendar.

If you don’t see the Calendar setting option, please address TurnKey Lender to enable the functionality. It can be enabled/disabled at the Configuration level and does not require any additional development effort.

If you don’t see the Calendar setting option, please address TurnKey Lender to enable the functionality. It can be enabled/disabled at the Configuration level and does not require any additional development effort.

By default, the calendar will contain all the holidays defined for the specific country edition. If any other holidays have been added for the company, they will also be added. The calendar is opened for the current year and month. All the holidays defined for the company (if any) are displayed in the table below the year selection.

Add a holiday

To add a new holiday click the “Add new holiday” button below the holiday list. An “Add new holiday” form will emerge.

image-20240506-174603.png

Name: Identifies the holiday. We recommend keeping it sensible to help other calendar users.

Period: Define if it is a one-time event or something repeated annually

Month and Day: Define the date

 

 

Edit and Delete Calendars

All saved holidays will appear in the table below the year selector.

The edit and delete icons to the right of the calendar, let the users easily access settings of a specific holiday.