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... and then you discover that the problem also extends to the supranational level. European countries have holidays, but Europe-as-a-whole has holidays too (fr
by NovemberWhiskey 3y ago
... and then you discover that the problem also extends to the supranational level. European countries have holidays, but Europe-as-a-whole has holidays too (from the banking perspective). e.g. the holiday calendar for TARGET2, which is certainly neither the union nor the intersection of the holiday calendars of its participants.
Also: I guarantee you that there’s a team at every major U.S. bank with a crisis management plan ready to kick in when Jimmy Carter finally passes: U.S. markets are closed by custom on the day of a Presidential funeral.
There’s little worse for an ops team than a holiday that you can’t predict.
- jcranmer 3y ago> There’s little worse for an ops team than a holiday that you can’t predict. The Japanese emperor suddenly dying and thus the dating system spontaneously changing without warning?
- patio11 3y agoGood news on this specific issue: the current year will be both the final year of the old era and the 元年 (first year) of the new one. The following calendar year is the 2nd of the new era. So in most cases you have a window of time to get ready to update systems to accommodate e.g. Japanese counterparties whose systems want you to specify dates of birth using eras in preference to the Western calendar. One of the relatively few bits of ultimately consequential engineering I did in the last few years was assisting a colleague in grepping for comments we had both left identifying code to update in the event of a new era. (We are currently, of course, in Reiwa 6, and Heisei ended in what most HNers consider 2019.)