Calendar management strategies

The term calendar is used for the standard set of dates and time periods associated with a credit cycle. These include the due date, real due date, and cycle closing date. For more information, refer to Credit cycle dates and time periods.

Their are two types of calendar management strategies available for use with your programs and accounts.

• Fixed due date—This is the default calendar management strategy. The due date is fixed, and the Pismo platform uses it to calculate the cycle closing date. The Fixed due date calendar management strategy guide explains how to create due date objects for a program and assign them to accounts.
• Program calendar strategy—This is an alternative type of calendar strategy that doesn't use a program due date object. The following program calendar strategies are available.
  • Fixed cycle closing—Cycle closing date is fixed, and the Pismo platform uses it to calculate the due date.
  • Monthly cycle closing—Specify the cycle closing date as either a day of the month or an "nth" weekday of the month, and the Pismo platform uses it to calculate the due date. A single cycle can span multiple months from 1 to 12.
  • Monthly due date—Specify the due date as either a day of the month or an nth weekday each month. The Pismo platform derives the cycle close date backward from the due date. A single cycle can span multiple months from 1 to 12.
  • Weekly cycle closing—Cycle closes on a specific weekday every n weeks. The Pismo platform derives the due date forward from the cycle close date.
  • Weekly due date—Due date falls on a specific weekday every n weeks. The Pismo platform derives the cycle close date backward from the due date.
  • Daily cycle closing—Cycle closes every n days. The Pismo platform derives the due date forward from the cycle close date.
  • Daily due date—Due date falls every N days. The Pismo platform derives the cycle close date backward from the due date.

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Once you assign a program calendar strategy to an account, it's not possible to revert the account back to using the default strategy. However, you can use a program calendar strategy to reproduce the behavior of the default strategy. For more information, refer to Reproducing the behavior of the fixed due date strategy.