Handling of holidays in Nordkap
The holidays to be used in Nordkap's built-in calendar, for example, to account for different banking days, are controlled at the organizational level. An organization can only have the holidays of one country.
Example: Your organization is set up for Swedish holidays, but you register a variable loan in Norwegian kroner (NOK).
Start and end dates as well as payment dates for interest and repayments are checked against the Swedish calendar holidays, but the interest dates retrieved for NIBOR are checked against the Norwegian calendar