mirror of
https://github.com/corda/corda.git
synced 2024-12-25 15:41:10 +00:00
Merged in sofus-universal-contracts (pull request #558)
rename transfer/give to obligation/owes
This commit is contained in:
commit
a79072bdf9
@ -24,7 +24,7 @@ class Zero() : Arrangement {
|
|||||||
//
|
//
|
||||||
// TODO: should be replaced with something that uses Corda assets and/or cash?
|
// TODO: should be replaced with something that uses Corda assets and/or cash?
|
||||||
// TODO: should only be allowed to transfer non-negative amounts
|
// TODO: should only be allowed to transfer non-negative amounts
|
||||||
data class Transfer(val amount: Perceivable<BigDecimal>, val currency: Currency, val from: Party, val to: Party) : Arrangement
|
data class Obligation(val amount: Perceivable<BigDecimal>, val currency: Currency, val from: Party, val to: Party) : Arrangement
|
||||||
|
|
||||||
// A combinator over a list of arrangements. Each arrangement in list will create a separate independent arrangement state.
|
// A combinator over a list of arrangements. Each arrangement in list will create a separate independent arrangement state.
|
||||||
// The ``And`` combinator cannot be root in a arrangement.
|
// The ``And`` combinator cannot be root in a arrangement.
|
||||||
@ -38,6 +38,8 @@ data class Action(val name: String, val condition: Perceivable<Boolean>,
|
|||||||
data class Actions(val actions: Set<Action>) : Arrangement
|
data class Actions(val actions: Set<Action>) : Arrangement
|
||||||
|
|
||||||
// Roll out of arrangement
|
// Roll out of arrangement
|
||||||
|
// TODO: fixing offset
|
||||||
|
// TODO: think about payment offset (ie. settlement) - probably it doesn't belong on a distributed ledger
|
||||||
data class RollOut(val startDate: LocalDate, val endDate: LocalDate, val frequency: Frequency, val template: Arrangement) : Arrangement
|
data class RollOut(val startDate: LocalDate, val endDate: LocalDate, val frequency: Frequency, val template: Arrangement) : Arrangement
|
||||||
|
|
||||||
// Continuation of roll out
|
// Continuation of roll out
|
||||||
|
@ -6,8 +6,8 @@ import java.util.*
|
|||||||
|
|
||||||
fun swap(partyA: Party, amountA: BigDecimal, currencyA: Currency, partyB: Party, amountB: BigDecimal, currencyB: Currency) =
|
fun swap(partyA: Party, amountA: BigDecimal, currencyA: Currency, partyB: Party, amountB: BigDecimal, currencyB: Currency) =
|
||||||
arrange {
|
arrange {
|
||||||
partyA.gives(partyB, amountA, currencyA)
|
partyA.owes(partyB, amountA, currencyA)
|
||||||
partyB.gives(partyA, amountB, currencyB)
|
partyB.owes(partyA, amountB, currencyB)
|
||||||
}
|
}
|
||||||
|
|
||||||
fun fx_swap(expiry: String, notional: BigDecimal, strike: BigDecimal,
|
fun fx_swap(expiry: String, notional: BigDecimal, strike: BigDecimal,
|
||||||
|
@ -53,14 +53,14 @@ open class ContractBuilder {
|
|||||||
return c
|
return c
|
||||||
}
|
}
|
||||||
|
|
||||||
fun Party.gives(beneficiary: Party, amount: BigDecimal, currency: Currency): Transfer {
|
fun Party.owes(beneficiary: Party, amount: BigDecimal, currency: Currency): Obligation {
|
||||||
val c = Transfer(const(amount), currency, this, beneficiary)
|
val c = Obligation(const(amount), currency, this, beneficiary)
|
||||||
contracts.add(c)
|
contracts.add(c)
|
||||||
return c
|
return c
|
||||||
}
|
}
|
||||||
|
|
||||||
fun Party.gives(beneficiary: Party, amount: Perceivable<BigDecimal>, currency: Currency): Transfer {
|
fun Party.owes(beneficiary: Party, amount: Perceivable<BigDecimal>, currency: Currency): Obligation {
|
||||||
val c = Transfer(amount, currency, this, beneficiary)
|
val c = Obligation(amount, currency, this, beneficiary)
|
||||||
contracts.add(c)
|
contracts.add(c)
|
||||||
return c
|
return c
|
||||||
}
|
}
|
||||||
|
@ -155,5 +155,6 @@ fun interest(@Suppress("UNUSED_PARAMETER") amount: BigDecimal, @Suppress("UNUSED
|
|||||||
|
|
||||||
data class Fixing(val source: String, val date: Perceivable<Instant>, val tenor: Tenor) : Perceivable<BigDecimal>
|
data class Fixing(val source: String, val date: Perceivable<Instant>, val tenor: Tenor) : Perceivable<BigDecimal>
|
||||||
|
|
||||||
|
// TODO: fix should have implied default date and perhaps tenor when used in a rollOut template
|
||||||
fun fix(source: String, date: Perceivable<Instant>, tenor: Tenor): Perceivable<BigDecimal> = Fixing(source, date, tenor)
|
fun fix(source: String, date: Perceivable<Instant>, tenor: Tenor): Perceivable<BigDecimal> = Fixing(source, date, tenor)
|
||||||
fun fix(source: String, date: LocalDate, tenor: Tenor): Perceivable<BigDecimal> = Fixing(source, const(date.toInstant()), tenor)
|
fun fix(source: String, date: LocalDate, tenor: Tenor): Perceivable<BigDecimal> = Fixing(source, const(date.toInstant()), tenor)
|
||||||
|
@ -2,15 +2,14 @@
|
|||||||
|
|
||||||
This is a demonstration of how to build a universal contract or higher order contracts on top of Corda. Think of the universal contract as a generalized Ricardian contract where a meta language is used as contract parameter making it possible for a single smart contract type to span a very large family of contracts.
|
This is a demonstration of how to build a universal contract or higher order contracts on top of Corda. Think of the universal contract as a generalized Ricardian contract where a meta language is used as contract parameter making it possible for a single smart contract type to span a very large family of contracts.
|
||||||
|
|
||||||
This experimental module is maintained by Sofus Mortensen of Nordea Bank.
|
This experimental module is maintained by Sofus Mortensen (sofus.mortensen@nordea.com) of Nordea.
|
||||||
|
|
||||||
## Overview
|
## Overview
|
||||||
|
|
||||||
### Motivation and Layers of smart contracts
|
### Motivation and Layers of smart contracts
|
||||||
Currently, in Corda, when discussing smart contracts we have two levels of contracts. At the lowest layer we have the _Corda smart contracts_ represented by JVM bytecode. At the highest level we have Ricardian contract like the _Smart Contract Templates_ where a contract is created by picking an existing template and filling in the required parameters. The latter kind are suitable for non-developer end users.
|
Currently, in Corda, when discussing smart contracts we have two levels of contracts. At the lowest layer we have the _Corda smart contracts_ represented by JVM bytecode. At the highest level we have Ricardian contract like the _Smart Contract Templates_ where a contract is created by picking an existing template and filling in the required parameters. The latter kind are suitable for non-developer end users.
|
||||||
|
|
||||||
At the highest level in order to support a new kind of contract, a novel new contract type might be required to be developed at the lowest level.
|
At the highest level in order to support a new kind of contract, a novel new contract type might be required to be developed at the lowest level. Currently a lot of work is needed to write a smart contract at this level, which obviously takes time to write but more importantly takes considerable time to review and verify (which contract participant should do). There is a significant operation risk associated with contract types. Having re-usable components will arguably reduce development time and associated risk.
|
||||||
Currently a lot of work is needed to write a smart contract at this level, which obviously takes time to write but more importantly takes considerable time to review and verify (which contract participant should do). There is a significant operation risk associated with contract types. Having re-usable components will arguably reduce development time and associated risk.
|
|
||||||
|
|
||||||
What is proposed here is an intermediate layer in between by creating a highly customizable smart contract covering a large family of OTC contracts by having a simple yet expressive representation of contract semantics in the contract state. The objectives are:
|
What is proposed here is an intermediate layer in between by creating a highly customizable smart contract covering a large family of OTC contracts by having a simple yet expressive representation of contract semantics in the contract state. The objectives are:
|
||||||
|
|
||||||
@ -42,8 +41,8 @@ Simple expressions on perceivables can be formed. For example ``EURUSD > 1.2``is
|
|||||||
#### ``Zero``
|
#### ``Zero``
|
||||||
A base contract with no rights and no obligations. Contract cancellation/termination is a transition to ``Zero``.
|
A base contract with no rights and no obligations. Contract cancellation/termination is a transition to ``Zero``.
|
||||||
|
|
||||||
#### ``Transfer amount, currency, fromParty, toParty``
|
#### ``Obligation amount, currency, fromParty, toParty``
|
||||||
A base contract representing immediate transfer of Cash - X amount of currency CCY from party A to party B. X is an observable of type BigDecimal.
|
A base contract representing debt of X amount of currency CCY from party A to party B. X is an observable of type BigDecimal.
|
||||||
|
|
||||||
#### ``And contract1 ... contractN``
|
#### ``And contract1 ... contractN``
|
||||||
A combinator over a list of contracts. Each contract in list will create a separate independent contract state. The ``And`` combinator cannot be root in a contract.
|
A combinator over a list of contracts. Each contract in list will create a separate independent contract state. The ``And`` combinator cannot be root in a contract.
|
||||||
@ -90,7 +89,7 @@ Tag represensation of above:
|
|||||||
<after date="01/09/2017"/>
|
<after date="01/09/2017"/>
|
||||||
</condition>
|
</condition>
|
||||||
<contract>
|
<contract>
|
||||||
<transfer>
|
<obligation>
|
||||||
<from><party ref="wile e coyote"/></from>
|
<from><party ref="wile e coyote"/></from>
|
||||||
<to><party ref="road runner"/></to>
|
<to><party ref="road runner"/></to>
|
||||||
<asset>
|
<asset>
|
||||||
@ -99,7 +98,7 @@ Tag represensation of above:
|
|||||||
<currency>USD</currency>
|
<currency>USD</currency>
|
||||||
</cash>
|
</cash>
|
||||||
</asset>
|
</asset>
|
||||||
</transfer>
|
</obligation>
|
||||||
</contract>
|
</contract>
|
||||||
</action>
|
</action>
|
||||||
```
|
```
|
||||||
|
@ -88,10 +88,10 @@ class UniversalContract : Contract {
|
|||||||
}
|
}
|
||||||
|
|
||||||
fun validateImmediateTransfers(tx: TransactionForContract, arrangement: Arrangement): Arrangement = when (arrangement) {
|
fun validateImmediateTransfers(tx: TransactionForContract, arrangement: Arrangement): Arrangement = when (arrangement) {
|
||||||
is Transfer -> {
|
is Obligation -> {
|
||||||
val amount = eval(tx, arrangement.amount)
|
val amount = eval(tx, arrangement.amount)
|
||||||
requireThat { "transferred quantity is non-negative" by (amount >= BigDecimal.ZERO) }
|
requireThat { "transferred quantity is non-negative" by (amount >= BigDecimal.ZERO) }
|
||||||
Transfer(const(amount), arrangement.currency, arrangement.from, arrangement.to)
|
Obligation(const(amount), arrangement.currency, arrangement.from, arrangement.to)
|
||||||
}
|
}
|
||||||
is And -> And(arrangement.arrangements.map { validateImmediateTransfers(tx, it) }.toSet())
|
is And -> And(arrangement.arrangements.map { validateImmediateTransfers(tx, it) }.toSet())
|
||||||
else -> arrangement
|
else -> arrangement
|
||||||
@ -137,7 +137,7 @@ class UniversalContract : Contract {
|
|||||||
when (arrangement) {
|
when (arrangement) {
|
||||||
is And -> And(arrangement.arrangements.map { replaceStartEnd(it, start, end) }.toSet())
|
is And -> And(arrangement.arrangements.map { replaceStartEnd(it, start, end) }.toSet())
|
||||||
is Zero -> arrangement
|
is Zero -> arrangement
|
||||||
is Transfer -> Transfer(replaceStartEnd(arrangement.amount, start, end), arrangement.currency, arrangement.from, arrangement.to)
|
is Obligation -> Obligation(replaceStartEnd(arrangement.amount, start, end), arrangement.currency, arrangement.from, arrangement.to)
|
||||||
is Actions -> Actions(arrangement.actions.map { Action(it.name, replaceStartEnd(it.condition, start, end), it.actors, replaceStartEnd(it.arrangement, start, end)) }.toSet())
|
is Actions -> Actions(arrangement.actions.map { Action(it.name, replaceStartEnd(it.condition, start, end), it.actors, replaceStartEnd(it.arrangement, start, end)) }.toSet())
|
||||||
is Continuation -> arrangement
|
is Continuation -> arrangement
|
||||||
else -> throw NotImplementedError("replaceStartEnd " + arrangement.javaClass.name)
|
else -> throw NotImplementedError("replaceStartEnd " + arrangement.javaClass.name)
|
||||||
@ -147,7 +147,7 @@ class UniversalContract : Contract {
|
|||||||
when (arrangement) {
|
when (arrangement) {
|
||||||
is Actions -> Actions(arrangement.actions.map { Action(it.name, it.condition, it.actors, replaceNext(it.arrangement, nextReplacement)) }.toSet())
|
is Actions -> Actions(arrangement.actions.map { Action(it.name, it.condition, it.actors, replaceNext(it.arrangement, nextReplacement)) }.toSet())
|
||||||
is And -> And(arrangement.arrangements.map { replaceNext(it, nextReplacement) }.toSet())
|
is And -> And(arrangement.arrangements.map { replaceNext(it, nextReplacement) }.toSet())
|
||||||
is Transfer -> arrangement
|
is Obligation -> arrangement
|
||||||
is Zero -> arrangement
|
is Zero -> arrangement
|
||||||
is Continuation -> nextReplacement
|
is Continuation -> nextReplacement
|
||||||
else -> throw NotImplementedError("replaceNext " + arrangement.javaClass.name)
|
else -> throw NotImplementedError("replaceNext " + arrangement.javaClass.name)
|
||||||
@ -163,7 +163,7 @@ class UniversalContract : Contract {
|
|||||||
else
|
else
|
||||||
a.single()
|
a.single()
|
||||||
}
|
}
|
||||||
is Transfer -> arrangement
|
is Obligation -> arrangement
|
||||||
is Zero -> arrangement
|
is Zero -> arrangement
|
||||||
is Continuation -> zero
|
is Continuation -> zero
|
||||||
else -> throw NotImplementedError("replaceNext " + arrangement.javaClass.name)
|
else -> throw NotImplementedError("replaceNext " + arrangement.javaClass.name)
|
||||||
@ -298,7 +298,7 @@ class UniversalContract : Contract {
|
|||||||
when (arr) {
|
when (arr) {
|
||||||
is Zero -> arr
|
is Zero -> arr
|
||||||
is And -> And(arr.arrangements.map { replaceFixing(tx, it, fixings, unusedFixings) }.toSet())
|
is And -> And(arr.arrangements.map { replaceFixing(tx, it, fixings, unusedFixings) }.toSet())
|
||||||
is Transfer -> Transfer(replaceFixing(tx, arr.amount, fixings, unusedFixings), arr.currency, arr.from, arr.to)
|
is Obligation -> Obligation(replaceFixing(tx, arr.amount, fixings, unusedFixings), arr.currency, arr.from, arr.to)
|
||||||
is Actions -> Actions(arr.actions.map { Action(it.name, it.condition, it.actors, replaceFixing(tx, it.arrangement, fixings, unusedFixings)) }.toSet())
|
is Actions -> Actions(arr.actions.map { Action(it.name, it.condition, it.actors, replaceFixing(tx, it.arrangement, fixings, unusedFixings)) }.toSet())
|
||||||
is RollOut -> RollOut(arr.startDate, arr.endDate, arr.frequency, replaceFixing(tx, arr.template, fixings, unusedFixings))
|
is RollOut -> RollOut(arr.startDate, arr.endDate, arr.frequency, replaceFixing(tx, arr.template, fixings, unusedFixings))
|
||||||
is Continuation -> arr
|
is Continuation -> arr
|
||||||
|
@ -15,7 +15,7 @@ fun LocalDate.toInstant(): Instant = Instant.ofEpochSecond(this.toEpochDay() * 6
|
|||||||
private fun liablePartiesVisitor(arrangement: Arrangement): ImmutableSet<CompositeKey> =
|
private fun liablePartiesVisitor(arrangement: Arrangement): ImmutableSet<CompositeKey> =
|
||||||
when (arrangement) {
|
when (arrangement) {
|
||||||
is Zero -> ImmutableSet.of<CompositeKey>()
|
is Zero -> ImmutableSet.of<CompositeKey>()
|
||||||
is Transfer -> ImmutableSet.of(arrangement.from.owningKey)
|
is Obligation -> ImmutableSet.of(arrangement.from.owningKey)
|
||||||
is And ->
|
is And ->
|
||||||
arrangement.arrangements.fold(ImmutableSet.builder<CompositeKey>(), { builder, k -> builder.addAll(liablePartiesVisitor(k)) }).build()
|
arrangement.arrangements.fold(ImmutableSet.builder<CompositeKey>(), { builder, k -> builder.addAll(liablePartiesVisitor(k)) }).build()
|
||||||
is Actions ->
|
is Actions ->
|
||||||
@ -40,7 +40,7 @@ private fun involvedPartiesVisitor(action: Action): Set<CompositeKey> =
|
|||||||
private fun involvedPartiesVisitor(arrangement: Arrangement): ImmutableSet<CompositeKey> =
|
private fun involvedPartiesVisitor(arrangement: Arrangement): ImmutableSet<CompositeKey> =
|
||||||
when (arrangement) {
|
when (arrangement) {
|
||||||
is Zero -> ImmutableSet.of<CompositeKey>()
|
is Zero -> ImmutableSet.of<CompositeKey>()
|
||||||
is Transfer -> ImmutableSet.of(arrangement.from.owningKey)
|
is Obligation -> ImmutableSet.of(arrangement.from.owningKey)
|
||||||
is And ->
|
is And ->
|
||||||
arrangement.arrangements.fold(ImmutableSet.builder<CompositeKey>(), { builder, k -> builder.addAll(involvedPartiesVisitor(k)) }).build()
|
arrangement.arrangements.fold(ImmutableSet.builder<CompositeKey>(), { builder, k -> builder.addAll(involvedPartiesVisitor(k)) }).build()
|
||||||
is Actions ->
|
is Actions ->
|
||||||
@ -59,7 +59,7 @@ fun replaceParty(action: Action, from: Party, to: Party): Action =
|
|||||||
|
|
||||||
fun replaceParty(arrangement: Arrangement, from: Party, to: Party): Arrangement = when (arrangement) {
|
fun replaceParty(arrangement: Arrangement, from: Party, to: Party): Arrangement = when (arrangement) {
|
||||||
is Zero -> arrangement
|
is Zero -> arrangement
|
||||||
is Transfer -> Transfer(arrangement.amount, arrangement.currency,
|
is Obligation -> Obligation(arrangement.amount, arrangement.currency,
|
||||||
if (arrangement.from == from) to else arrangement.from,
|
if (arrangement.from == from) to else arrangement.from,
|
||||||
if (arrangement.to == from) to else arrangement.to)
|
if (arrangement.to == from) to else arrangement.to)
|
||||||
is And -> And(arrangement.arrangements.map { replaceParty(it, from, to) }.toSet())
|
is And -> And(arrangement.arrangements.map { replaceParty(it, from, to) }.toSet())
|
||||||
@ -82,7 +82,7 @@ fun extractRemainder(arrangement: Arrangement, action: Action): Arrangement = wh
|
|||||||
|
|
||||||
fun actions(arrangement: Arrangement): Map<String, Action> = when (arrangement) {
|
fun actions(arrangement: Arrangement): Map<String, Action> = when (arrangement) {
|
||||||
is Zero -> mapOf()
|
is Zero -> mapOf()
|
||||||
is Transfer -> mapOf()
|
is Obligation -> mapOf()
|
||||||
is Actions -> arrangement.actions.map { it.name to it }.toMap()
|
is Actions -> arrangement.actions.map { it.name to it }.toMap()
|
||||||
is And -> arrangement.arrangements.map { actions(it) }.fold(mutableMapOf()) { m, x ->
|
is And -> arrangement.arrangements.map { actions(it) }.fold(mutableMapOf()) { m, x ->
|
||||||
x.forEach { entry ->
|
x.forEach { entry ->
|
||||||
@ -162,8 +162,8 @@ fun debugCompare(arrLeft: Arrangement, arrRight: Arrangement) {
|
|||||||
if (arrLeft == arrRight) return
|
if (arrLeft == arrRight) return
|
||||||
|
|
||||||
when (arrLeft) {
|
when (arrLeft) {
|
||||||
is Transfer -> {
|
is Obligation -> {
|
||||||
if (arrRight is Transfer) {
|
if (arrRight is Obligation) {
|
||||||
|
|
||||||
debugCompare(arrLeft.amount, arrRight.amount)
|
debugCompare(arrLeft.amount, arrRight.amount)
|
||||||
debugCompare(arrLeft.from, arrRight.from)
|
debugCompare(arrLeft.from, arrRight.from)
|
||||||
|
@ -26,7 +26,7 @@ class Cap {
|
|||||||
"exercise".anytime {
|
"exercise".anytime {
|
||||||
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
||||||
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
||||||
highStreetBank.gives(acmeCorp, floating - fixed, currency)
|
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||||
next()
|
next()
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -45,14 +45,14 @@ class Cap {
|
|||||||
"exercise".anytime() {
|
"exercise".anytime() {
|
||||||
val floating1 = interest(notional, "act/365", 1.0.bd, "2016-09-01", "2017-03-01")
|
val floating1 = interest(notional, "act/365", 1.0.bd, "2016-09-01", "2017-03-01")
|
||||||
val fixed1 = interest(notional, "act/365", 0.5.bd, "2016-09-01", "2017-03-01")
|
val fixed1 = interest(notional, "act/365", 0.5.bd, "2016-09-01", "2017-03-01")
|
||||||
highStreetBank.gives(acmeCorp, floating1 - fixed1, currency)
|
highStreetBank.owes(acmeCorp, floating1 - fixed1, currency)
|
||||||
rollOut("2017-03-01".ld, "2017-09-01".ld, Frequency.SemiAnnual) {
|
rollOut("2017-03-01".ld, "2017-09-01".ld, Frequency.SemiAnnual) {
|
||||||
actions {
|
actions {
|
||||||
(acmeCorp or highStreetBank).may {
|
(acmeCorp or highStreetBank).may {
|
||||||
"exercise".anytime {
|
"exercise".anytime {
|
||||||
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
||||||
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
||||||
highStreetBank.gives(acmeCorp, floating - fixed, currency)
|
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||||
next()
|
next()
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -73,7 +73,7 @@ class Cap {
|
|||||||
"exercise".anytime {
|
"exercise".anytime {
|
||||||
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
||||||
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
||||||
highStreetBank.gives(acmeCorp, floating - fixed, currency)
|
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||||
next()
|
next()
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -95,7 +95,7 @@ class Cap {
|
|||||||
"exercise".anytime() {
|
"exercise".anytime() {
|
||||||
val floating1 = interest(notional, "act/365", 1.0.bd, "2017-03-01", "2017-09-01")
|
val floating1 = interest(notional, "act/365", 1.0.bd, "2017-03-01", "2017-09-01")
|
||||||
val fixed1 = interest(notional, "act/365", 0.5.bd, "2017-03-01", "2017-09-01")
|
val fixed1 = interest(notional, "act/365", 0.5.bd, "2017-03-01", "2017-09-01")
|
||||||
highStreetBank.gives(acmeCorp, floating1 - fixed1, currency)
|
highStreetBank.owes(acmeCorp, floating1 - fixed1, currency)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
acmeCorp.may {
|
acmeCorp.may {
|
||||||
@ -112,7 +112,7 @@ class Cap {
|
|||||||
"exercise".anytime {
|
"exercise".anytime {
|
||||||
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
||||||
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
||||||
highStreetBank.gives(acmeCorp, floating - fixed, currency)
|
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||||
next()
|
next()
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -125,8 +125,8 @@ class Cap {
|
|||||||
}
|
}
|
||||||
}
|
}
|
||||||
|
|
||||||
val paymentFirst = arrange { highStreetBank.gives(acmeCorp, 250.K, EUR) }
|
val paymentFirst = arrange { highStreetBank.owes(acmeCorp, 250.K, EUR) }
|
||||||
val paymentFinal = arrange { highStreetBank.gives(acmeCorp, 250.K, EUR) }
|
val paymentFinal = arrange { highStreetBank.owes(acmeCorp, 250.K, EUR) }
|
||||||
|
|
||||||
|
|
||||||
val stateInitial = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contractInitial)
|
val stateInitial = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contractInitial)
|
||||||
@ -149,7 +149,7 @@ class Cap {
|
|||||||
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
||||||
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
||||||
val payout = min(floating - fixed)
|
val payout = min(floating - fixed)
|
||||||
highStreetBank.gives(acmeCorp, payout, currency)
|
highStreetBank.owes(acmeCorp, payout, currency)
|
||||||
next(vars.limit to vars.limit - payout)
|
next(vars.limit to vars.limit - payout)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
|
@ -23,7 +23,7 @@ class Caplet {
|
|||||||
"exercise".anytime() {
|
"exercise".anytime() {
|
||||||
val floating = interest(notional, "act/365", fix("LIBOR", tradeDate, Tenor("6M")), "2016-04-01", "2016-10-01")
|
val floating = interest(notional, "act/365", fix("LIBOR", tradeDate, Tenor("6M")), "2016-04-01", "2016-10-01")
|
||||||
val fixed = interest(notional, "act/365", 0.5.bd, "2016-04-01", "2016-10-01")
|
val fixed = interest(notional, "act/365", 0.5.bd, "2016-04-01", "2016-10-01")
|
||||||
highStreetBank.gives(acmeCorp, (floating - fixed).plus(), currency)
|
highStreetBank.owes(acmeCorp, (floating - fixed).plus(), currency)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -35,13 +35,13 @@ class Caplet {
|
|||||||
"exercise".anytime() {
|
"exercise".anytime() {
|
||||||
val floating = interest(notional, "act/365", 1.0.bd, "2016-04-01", "2016-10-01")
|
val floating = interest(notional, "act/365", 1.0.bd, "2016-04-01", "2016-10-01")
|
||||||
val fixed = interest(notional, "act/365", 0.5.bd, "2016-04-01", "2016-10-01")
|
val fixed = interest(notional, "act/365", 0.5.bd, "2016-04-01", "2016-10-01")
|
||||||
highStreetBank.gives(acmeCorp, (floating - fixed).plus(), currency)
|
highStreetBank.owes(acmeCorp, (floating - fixed).plus(), currency)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
|
|
||||||
val contractFinal = arrange { highStreetBank.gives(acmeCorp, 250.K, EUR) }
|
val contractFinal = arrange { highStreetBank.owes(acmeCorp, 250.K, EUR) }
|
||||||
|
|
||||||
val stateStart = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contract)
|
val stateStart = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contract)
|
||||||
|
|
||||||
|
@ -27,7 +27,7 @@ class ContractDefinition {
|
|||||||
actions {
|
actions {
|
||||||
acmeCorp.may {
|
acmeCorp.may {
|
||||||
"payout".givenThat(acmeCorporationHasDefaulted and before("2017-09-01")) {
|
"payout".givenThat(acmeCorporationHasDefaulted and before("2017-09-01")) {
|
||||||
highStreetBank.gives(acmeCorp, 1.M, USD)
|
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
highStreetBank.may {
|
highStreetBank.may {
|
||||||
@ -43,8 +43,8 @@ class ContractDefinition {
|
|||||||
actions {
|
actions {
|
||||||
acmeCorp.may {
|
acmeCorp.may {
|
||||||
"exercise".anytime {
|
"exercise".anytime {
|
||||||
highStreetBank.gives(acmeCorp, 1.M, EUR)
|
highStreetBank.owes(acmeCorp, 1.M, EUR)
|
||||||
acmeCorp.gives(highStreetBank, 1200.K, USD)
|
acmeCorp.owes(highStreetBank, 1200.K, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
highStreetBank.may {
|
highStreetBank.may {
|
||||||
@ -63,8 +63,8 @@ class ContractDefinition {
|
|||||||
actions {
|
actions {
|
||||||
(acmeCorp or highStreetBank).may {
|
(acmeCorp or highStreetBank).may {
|
||||||
"execute".givenThat(after("2017-09-01")) {
|
"execute".givenThat(after("2017-09-01")) {
|
||||||
highStreetBank.gives(acmeCorp, 1.M, EUR)
|
highStreetBank.owes(acmeCorp, 1.M, EUR)
|
||||||
acmeCorp.gives(highStreetBank, 1200.K, USD)
|
acmeCorp.owes(highStreetBank, 1200.K, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -111,7 +111,7 @@ class ContractDefinition {
|
|||||||
actions {
|
actions {
|
||||||
acmeCorp.may {
|
acmeCorp.may {
|
||||||
"problem".anytime {
|
"problem".anytime {
|
||||||
highStreetBank.gives(acmeCorp, 1.M, USD)
|
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
|
@ -14,22 +14,22 @@ class FXSwap {
|
|||||||
actions {
|
actions {
|
||||||
(acmeCorp or highStreetBank).may {
|
(acmeCorp or highStreetBank).may {
|
||||||
"execute".givenThat(after("2017-09-01")) {
|
"execute".givenThat(after("2017-09-01")) {
|
||||||
highStreetBank.gives(acmeCorp, 1200.K, USD)
|
highStreetBank.owes(acmeCorp, 1200.K, USD)
|
||||||
acmeCorp.gives(highStreetBank, 1.M, EUR)
|
acmeCorp.owes(highStreetBank, 1.M, EUR)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
|
|
||||||
val transfer1 = arrange { highStreetBank.gives(acmeCorp, 1200.K, USD) }
|
val transfer1 = arrange { highStreetBank.owes(acmeCorp, 1200.K, USD) }
|
||||||
val transfer2 = arrange { acmeCorp.gives(highStreetBank, 1.M, EUR) }
|
val transfer2 = arrange { acmeCorp.owes(highStreetBank, 1.M, EUR) }
|
||||||
|
|
||||||
val outState1 = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), transfer1)
|
val outState1 = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), transfer1)
|
||||||
val outState2 = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), transfer2)
|
val outState2 = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), transfer2)
|
||||||
|
|
||||||
val transferBad1 = arrange { highStreetBank.gives(acmeCorp, 1200.K, GBP) } // wrong currency
|
val transferBad1 = arrange { highStreetBank.owes(acmeCorp, 1200.K, GBP) } // wrong currency
|
||||||
val transferBad2 = arrange { acmeCorp.gives(highStreetBank, 900.K, EUR) } // wrong amount
|
val transferBad2 = arrange { acmeCorp.owes(highStreetBank, 900.K, EUR) } // wrong amount
|
||||||
val transferBad3 = arrange { highStreetBank.gives(highStreetBank, 1.M, EUR) } // wrong party
|
val transferBad3 = arrange { highStreetBank.owes(highStreetBank, 1.M, EUR) } // wrong party
|
||||||
|
|
||||||
val outStateBad1 = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), transferBad1)
|
val outStateBad1 = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), transferBad1)
|
||||||
val outStateBad2 = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), transferBad2)
|
val outStateBad2 = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), transferBad2)
|
||||||
|
@ -1,5 +1,6 @@
|
|||||||
package net.corda.contracts.universal
|
package net.corda.contracts.universal
|
||||||
|
|
||||||
|
import net.corda.core.contracts.FixOf
|
||||||
import net.corda.core.contracts.Frequency
|
import net.corda.core.contracts.Frequency
|
||||||
import net.corda.core.contracts.Tenor
|
import net.corda.core.contracts.Tenor
|
||||||
import net.corda.core.utilities.DUMMY_NOTARY
|
import net.corda.core.utilities.DUMMY_NOTARY
|
||||||
@ -17,19 +18,100 @@ class IRS {
|
|||||||
|
|
||||||
val tradeDate: LocalDate = LocalDate.of(2016, 9, 1)
|
val tradeDate: LocalDate = LocalDate.of(2016, 9, 1)
|
||||||
|
|
||||||
val contract = arrange {
|
|
||||||
|
/*
|
||||||
|
|
||||||
|
(roll-out "2016-09-01" "2018-09-01" Quarterly
|
||||||
|
(actions
|
||||||
|
(action "pay floating" (and (obligation highStreetBank acmeCorp) (next)))
|
||||||
|
(action "pay fixed" (and (obligation highStreetBank acmeCorp) (next)))
|
||||||
|
)
|
||||||
|
)
|
||||||
|
|
||||||
|
*/
|
||||||
|
|
||||||
|
val contractInitial = arrange {
|
||||||
rollOut("2016-09-01".ld, "2018-09-01".ld, Frequency.Quarterly) {
|
rollOut("2016-09-01".ld, "2018-09-01".ld, Frequency.Quarterly) {
|
||||||
actions {
|
actions {
|
||||||
(acmeCorp or highStreetBank).may {
|
(acmeCorp or highStreetBank).may {
|
||||||
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
||||||
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
||||||
|
|
||||||
"pay 1".anytime {
|
"pay floating".anytime {
|
||||||
highStreetBank.gives(acmeCorp, floating - fixed, currency)
|
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||||
next()
|
next()
|
||||||
}
|
}
|
||||||
"pay 2".anytime {
|
"pay fixed".anytime {
|
||||||
highStreetBank.gives(acmeCorp, fixed - floating, currency)
|
highStreetBank.owes(acmeCorp, fixed - floating, currency)
|
||||||
|
next()
|
||||||
|
}
|
||||||
|
}
|
||||||
|
}
|
||||||
|
}
|
||||||
|
}
|
||||||
|
val contractAfterFixingFirst = arrange {
|
||||||
|
actions {
|
||||||
|
(acmeCorp or highStreetBank).may {
|
||||||
|
val floating = interest(notional, "act/365", 1.0.bd, "2016-09-01", "2016-12-01")
|
||||||
|
val fixed = interest(notional, "act/365", 0.5.bd, "2016-09-01", "2016-12-01")
|
||||||
|
|
||||||
|
"pay floating".anytime {
|
||||||
|
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||||
|
rollOut("2016-12-01".ld, "2018-09-01".ld, Frequency.Quarterly) {
|
||||||
|
actions {
|
||||||
|
(acmeCorp or highStreetBank).may {
|
||||||
|
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
||||||
|
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
||||||
|
|
||||||
|
"pay floating".anytime {
|
||||||
|
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||||
|
next()
|
||||||
|
}
|
||||||
|
"pay fixed".anytime {
|
||||||
|
highStreetBank.owes(acmeCorp, fixed - floating, currency)
|
||||||
|
next()
|
||||||
|
}
|
||||||
|
}
|
||||||
|
}
|
||||||
|
}
|
||||||
|
}
|
||||||
|
"pay fixed".anytime {
|
||||||
|
highStreetBank.owes(acmeCorp, fixed - floating, currency)
|
||||||
|
rollOut("2016-12-01".ld, "2018-09-01".ld, Frequency.Quarterly) {
|
||||||
|
actions {
|
||||||
|
(acmeCorp or highStreetBank).may {
|
||||||
|
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
||||||
|
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
||||||
|
|
||||||
|
"pay floating".anytime {
|
||||||
|
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||||
|
next()
|
||||||
|
}
|
||||||
|
"pay fixed".anytime {
|
||||||
|
highStreetBank.owes(acmeCorp, fixed - floating, currency)
|
||||||
|
next()
|
||||||
|
}
|
||||||
|
}
|
||||||
|
}
|
||||||
|
}
|
||||||
|
}
|
||||||
|
}
|
||||||
|
}
|
||||||
|
}
|
||||||
|
|
||||||
|
val contractAfterExecutionFirst = arrange {
|
||||||
|
rollOut("2016-12-01".ld, "2018-09-01".ld, Frequency.Quarterly) {
|
||||||
|
actions {
|
||||||
|
(acmeCorp or highStreetBank).may {
|
||||||
|
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
||||||
|
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
||||||
|
|
||||||
|
"pay floating".anytime {
|
||||||
|
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||||
|
next()
|
||||||
|
}
|
||||||
|
"pay fixed".anytime {
|
||||||
|
highStreetBank.owes(acmeCorp, fixed - floating, currency)
|
||||||
next()
|
next()
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -37,13 +119,25 @@ class IRS {
|
|||||||
}
|
}
|
||||||
}
|
}
|
||||||
|
|
||||||
|
val paymentFirst = arrange { highStreetBank.owes(acmeCorp, 250.K, EUR) }
|
||||||
|
|
||||||
val stateStart = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contract)
|
val stateInitial = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contractInitial)
|
||||||
|
|
||||||
|
val stateAfterFixingFirst = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contractAfterFixingFirst)
|
||||||
|
val stateAfterExecutionFirst = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contractAfterExecutionFirst)
|
||||||
|
|
||||||
|
val statePaymentFirst = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), paymentFirst)
|
||||||
|
|
||||||
|
|
||||||
|
@Test
|
||||||
|
fun ser1() {
|
||||||
|
|
||||||
|
}
|
||||||
|
|
||||||
@Test
|
@Test
|
||||||
fun issue() {
|
fun issue() {
|
||||||
transaction {
|
transaction {
|
||||||
output { stateStart }
|
output { stateInitial }
|
||||||
timestamp(TEST_TX_TIME_1)
|
timestamp(TEST_TX_TIME_1)
|
||||||
|
|
||||||
this `fails with` "transaction has a single command"
|
this `fails with` "transaction has a single command"
|
||||||
@ -59,4 +153,70 @@ class IRS {
|
|||||||
}
|
}
|
||||||
}
|
}
|
||||||
|
|
||||||
|
@Test
|
||||||
|
fun `first fixing`() {
|
||||||
|
transaction {
|
||||||
|
input { stateInitial }
|
||||||
|
output { stateAfterFixingFirst }
|
||||||
|
timestamp(TEST_TX_TIME_1)
|
||||||
|
|
||||||
|
tweak {
|
||||||
|
command(highStreetBank.owningKey) { UniversalContract.Commands.Action("some undefined name") }
|
||||||
|
this `fails with` "action must be defined"
|
||||||
|
}
|
||||||
|
|
||||||
|
tweak {
|
||||||
|
// wrong source
|
||||||
|
command(highStreetBank.owningKey) { UniversalContract.Commands.Fix(listOf(net.corda.core.contracts.Fix(FixOf("LIBORx", tradeDate, Tenor("3M")), 1.0.bd))) }
|
||||||
|
|
||||||
|
this `fails with` "relevant fixing must be included"
|
||||||
|
}
|
||||||
|
|
||||||
|
tweak {
|
||||||
|
// wrong date
|
||||||
|
command(highStreetBank.owningKey) { UniversalContract.Commands.Fix(listOf(net.corda.core.contracts.Fix(FixOf("LIBOR", tradeDate.plusYears(1), Tenor("3M")), 1.0.bd))) }
|
||||||
|
|
||||||
|
this `fails with` "relevant fixing must be included"
|
||||||
|
}
|
||||||
|
|
||||||
|
tweak {
|
||||||
|
// wrong tenor
|
||||||
|
command(highStreetBank.owningKey) { UniversalContract.Commands.Fix(listOf(net.corda.core.contracts.Fix(FixOf("LIBOR", tradeDate, Tenor("9M")), 1.0.bd))) }
|
||||||
|
|
||||||
|
this `fails with` "relevant fixing must be included"
|
||||||
|
}
|
||||||
|
|
||||||
|
tweak {
|
||||||
|
command(highStreetBank.owningKey) { UniversalContract.Commands.Fix(listOf(net.corda.core.contracts.Fix(FixOf("LIBOR", tradeDate, Tenor("3M")), 1.5.bd))) }
|
||||||
|
|
||||||
|
this `fails with` "output state does not reflect fix command"
|
||||||
|
}
|
||||||
|
|
||||||
|
command(highStreetBank.owningKey) { UniversalContract.Commands.Fix(listOf(net.corda.core.contracts.Fix(FixOf("LIBOR", tradeDate, Tenor("3M")), 1.0.bd))) }
|
||||||
|
|
||||||
|
this.verifies()
|
||||||
|
}
|
||||||
|
}
|
||||||
|
|
||||||
|
@Test
|
||||||
|
fun `first execute`() {
|
||||||
|
transaction {
|
||||||
|
input { stateAfterFixingFirst }
|
||||||
|
output { stateAfterExecutionFirst }
|
||||||
|
output { statePaymentFirst }
|
||||||
|
|
||||||
|
timestamp(TEST_TX_TIME_1)
|
||||||
|
|
||||||
|
tweak {
|
||||||
|
command(highStreetBank.owningKey) { UniversalContract.Commands.Action("some undefined name") }
|
||||||
|
this `fails with` "action must be defined"
|
||||||
|
}
|
||||||
|
|
||||||
|
command(highStreetBank.owningKey) { UniversalContract.Commands.Action("pay floating") }
|
||||||
|
|
||||||
|
this.verifies()
|
||||||
|
}
|
||||||
|
}
|
||||||
|
|
||||||
|
|
||||||
}
|
}
|
||||||
|
@ -17,7 +17,7 @@ class RollOutTests {
|
|||||||
actions {
|
actions {
|
||||||
(acmeCorp or highStreetBank).may {
|
(acmeCorp or highStreetBank).may {
|
||||||
"transfer".givenThat(after(end)) {
|
"transfer".givenThat(after(end)) {
|
||||||
highStreetBank.gives(acmeCorp, 10.K, USD)
|
highStreetBank.owes(acmeCorp, 10.K, USD)
|
||||||
next()
|
next()
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -31,7 +31,7 @@ class RollOutTests {
|
|||||||
actions {
|
actions {
|
||||||
(acmeCorp or highStreetBank).may {
|
(acmeCorp or highStreetBank).may {
|
||||||
"transfer".givenThat(after(end)) {
|
"transfer".givenThat(after(end)) {
|
||||||
highStreetBank.gives(acmeCorp, 10.K, USD)
|
highStreetBank.owes(acmeCorp, 10.K, USD)
|
||||||
next()
|
next()
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -45,7 +45,7 @@ class RollOutTests {
|
|||||||
actions {
|
actions {
|
||||||
(acmeCorp or highStreetBank).may {
|
(acmeCorp or highStreetBank).may {
|
||||||
"transfer".givenThat(after(end)) {
|
"transfer".givenThat(after(end)) {
|
||||||
highStreetBank.gives(acmeCorp, 10.K, USD)
|
highStreetBank.owes(acmeCorp, 10.K, USD)
|
||||||
next()
|
next()
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -54,23 +54,23 @@ class RollOutTests {
|
|||||||
}
|
}
|
||||||
|
|
||||||
val contractStep1b = arrange {
|
val contractStep1b = arrange {
|
||||||
highStreetBank.gives(acmeCorp, 10.K, USD)
|
highStreetBank.owes(acmeCorp, 10.K, USD)
|
||||||
}
|
}
|
||||||
|
|
||||||
val stateStep1a = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contractStep1a)
|
val stateStep1a = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contractStep1a)
|
||||||
val stateStep1b = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contractStep1b)
|
val stateStep1b = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contractStep1b)
|
||||||
|
|
||||||
val contract_transfer1 = arrange {
|
val contract_transfer1 = arrange {
|
||||||
highStreetBank.gives(acmeCorp, 10.K, USD)
|
highStreetBank.owes(acmeCorp, 10.K, USD)
|
||||||
}
|
}
|
||||||
val contract_transfer2 = arrange {
|
val contract_transfer2 = arrange {
|
||||||
highStreetBank.gives(acmeCorp, 10.K, USD)
|
highStreetBank.owes(acmeCorp, 10.K, USD)
|
||||||
}
|
}
|
||||||
val contract_action1 = arrange {
|
val contract_action1 = arrange {
|
||||||
actions {
|
actions {
|
||||||
highStreetBank.may {
|
highStreetBank.may {
|
||||||
"do it".anytime {
|
"do it".anytime {
|
||||||
highStreetBank.gives(acmeCorp, 10.K, USD)
|
highStreetBank.owes(acmeCorp, 10.K, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -79,7 +79,7 @@ class RollOutTests {
|
|||||||
actions {
|
actions {
|
||||||
highStreetBank.may {
|
highStreetBank.may {
|
||||||
"do it".anytime {
|
"do it".anytime {
|
||||||
highStreetBank.gives(acmeCorp, 10.K, USD)
|
highStreetBank.owes(acmeCorp, 10.K, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -88,14 +88,14 @@ class RollOutTests {
|
|||||||
actions {
|
actions {
|
||||||
highStreetBank.may {
|
highStreetBank.may {
|
||||||
"do it".anytime {
|
"do it".anytime {
|
||||||
highStreetBank.gives(acmeCorp, 10.K, USD)
|
highStreetBank.owes(acmeCorp, 10.K, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
actions {
|
actions {
|
||||||
acmeCorp.may {
|
acmeCorp.may {
|
||||||
"do it".anytime {
|
"do it".anytime {
|
||||||
acmeCorp.gives(momAndPop, 10.K, USD)
|
acmeCorp.owes(momAndPop, 10.K, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -106,14 +106,14 @@ class RollOutTests {
|
|||||||
actions {
|
actions {
|
||||||
highStreetBank.may {
|
highStreetBank.may {
|
||||||
"do it".anytime {
|
"do it".anytime {
|
||||||
highStreetBank.gives(acmeCorp, 10.K, USD)
|
highStreetBank.owes(acmeCorp, 10.K, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
actions {
|
actions {
|
||||||
acmeCorp.may {
|
acmeCorp.may {
|
||||||
"do it".anytime {
|
"do it".anytime {
|
||||||
acmeCorp.gives(momAndPop, 10.K, USD)
|
acmeCorp.owes(momAndPop, 10.K, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
|
@ -11,13 +11,13 @@ class Swaption {
|
|||||||
actions {
|
actions {
|
||||||
(highStreetBank or acmeCorp).may {
|
(highStreetBank or acmeCorp).may {
|
||||||
"proceed".givenThat(after("01/07/2015")) {
|
"proceed".givenThat(after("01/07/2015")) {
|
||||||
highStreetBank.gives(acmeCorp, libor(notional, "01/04/2015", "01/07/2015"), currency)
|
highStreetBank.owes(acmeCorp, libor(notional, "01/04/2015", "01/07/2015"), currency)
|
||||||
acmeCorp.gives(highStreetBank, interest(notional, "act/365", coupon, "01/04/2015", "01/07/2015"), currency)
|
acmeCorp.owes(highStreetBank, interest(notional, "act/365", coupon, "01/04/2015", "01/07/2015"), currency)
|
||||||
actions {
|
actions {
|
||||||
(highStreetBank or acmeCorp).may {
|
(highStreetBank or acmeCorp).may {
|
||||||
"proceed".givenThat(after("01/10/2015")) {
|
"proceed".givenThat(after("01/10/2015")) {
|
||||||
highStreetBank.gives(acmeCorp, libor(notional, "01/07/2015", "01/10/2015"), currency)
|
highStreetBank.owes(acmeCorp, libor(notional, "01/07/2015", "01/10/2015"), currency)
|
||||||
acmeCorp.gives(highStreetBank, interest(notional, "act/365", coupon, "01/07/2015", "01/10/2015"), currency)
|
acmeCorp.owes(highStreetBank, interest(notional, "act/365", coupon, "01/07/2015", "01/10/2015"), currency)
|
||||||
|
|
||||||
actions {
|
actions {
|
||||||
(highStreetBank or acmeCorp).may {
|
(highStreetBank or acmeCorp).may {
|
||||||
@ -31,7 +31,7 @@ class Swaption {
|
|||||||
actions {
|
actions {
|
||||||
acmeCorp.may {
|
acmeCorp.may {
|
||||||
"cancel".anytime {
|
"cancel".anytime {
|
||||||
acmeCorp.gives(highStreetBank, 10.K, USD)
|
acmeCorp.owes(highStreetBank, 10.K, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -39,7 +39,7 @@ class Swaption {
|
|||||||
}
|
}
|
||||||
acmeCorp.may {
|
acmeCorp.may {
|
||||||
"cancel".anytime {
|
"cancel".anytime {
|
||||||
acmeCorp.gives(highStreetBank, 10.K, USD)
|
acmeCorp.owes(highStreetBank, 10.K, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -51,14 +51,14 @@ class Swaption {
|
|||||||
actions {
|
actions {
|
||||||
(highStreetBank or acmeCorp).may {
|
(highStreetBank or acmeCorp).may {
|
||||||
"proceed".givenThat(after(start)) {
|
"proceed".givenThat(after(start)) {
|
||||||
highStreetBank.gives(acmeCorp, libor(notional, start, end), currency)
|
highStreetBank.owes(acmeCorp, libor(notional, start, end), currency)
|
||||||
acmeCorp.gives(highStreetBank, interest(notional, "act/365", coupon, start, end), currency)
|
acmeCorp.owes(highStreetBank, interest(notional, "act/365", coupon, start, end), currency)
|
||||||
next()
|
next()
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
acmeCorp.may {
|
acmeCorp.may {
|
||||||
"cancel".anytime {
|
"cancel".anytime {
|
||||||
acmeCorp.gives(highStreetBank, 10.K, currency)
|
acmeCorp.owes(highStreetBank, 10.K, currency)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -79,7 +79,7 @@ class Swaption {
|
|||||||
actions {
|
actions {
|
||||||
(acmeCorp or highStreetBank).may {
|
(acmeCorp or highStreetBank).may {
|
||||||
"proceed".givenThat(after(end)) {
|
"proceed".givenThat(after(end)) {
|
||||||
highStreetBank.gives(acmeCorp, payout, USD)
|
highStreetBank.owes(acmeCorp, payout, USD)
|
||||||
next(vars.cap to vars.cap - payout)
|
next(vars.cap to vars.cap - payout)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -107,7 +107,7 @@ class Swaption {
|
|||||||
actions {
|
actions {
|
||||||
(acmeCorp or highStreetBank).may {
|
(acmeCorp or highStreetBank).may {
|
||||||
"proceed".givenThat(after(end)) {
|
"proceed".givenThat(after(end)) {
|
||||||
highStreetBank.gives(acmeCorp, payout, currency)
|
highStreetBank.owes(acmeCorp, payout, currency)
|
||||||
next(vars.uses to vars.uses - 1)
|
next(vars.uses to vars.uses - 1)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
|
@ -11,7 +11,7 @@ class ZeroCouponBond {
|
|||||||
actions {
|
actions {
|
||||||
(acmeCorp or highStreetBank).may {
|
(acmeCorp or highStreetBank).may {
|
||||||
"execute".givenThat(after("2017-09-01")) {
|
"execute".givenThat(after("2017-09-01")) {
|
||||||
highStreetBank.gives(acmeCorp, 100.K, GBP)
|
highStreetBank.owes(acmeCorp, 100.K, GBP)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -21,7 +21,7 @@ class ZeroCouponBond {
|
|||||||
actions {
|
actions {
|
||||||
(momAndPop or highStreetBank).may {
|
(momAndPop or highStreetBank).may {
|
||||||
"execute".givenThat(after("2017-09-01")) {
|
"execute".givenThat(after("2017-09-01")) {
|
||||||
highStreetBank.gives(momAndPop, 100.K, GBP)
|
highStreetBank.owes(momAndPop, 100.K, GBP)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -29,8 +29,8 @@ class ZeroCouponBond {
|
|||||||
|
|
||||||
val TEST_TX_TIME_1: Instant get() = Instant.parse("2017-09-02T12:00:00.00Z")
|
val TEST_TX_TIME_1: Instant get() = Instant.parse("2017-09-02T12:00:00.00Z")
|
||||||
|
|
||||||
val transfer = arrange { highStreetBank.gives(acmeCorp, 100.K, GBP) }
|
val transfer = arrange { highStreetBank.owes(acmeCorp, 100.K, GBP) }
|
||||||
val transferWrong = arrange { highStreetBank.gives(acmeCorp, 80.K, GBP) }
|
val transferWrong = arrange { highStreetBank.owes(acmeCorp, 80.K, GBP) }
|
||||||
|
|
||||||
val inState = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contract)
|
val inState = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contract)
|
||||||
|
|
||||||
|
@ -8,7 +8,7 @@ val cds_contract = arrange {
|
|||||||
actions {
|
actions {
|
||||||
acmeCorp may {
|
acmeCorp may {
|
||||||
"claim".givenThat(acmeCorporationHasDefaulted and before("2017-09-01")) {
|
"claim".givenThat(acmeCorporationHasDefaulted and before("2017-09-01")) {
|
||||||
highStreetBank.gives(acmeCorp, 1.M, USD)
|
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -20,8 +20,8 @@ val an_fx_swap = arrange {
|
|||||||
actions {
|
actions {
|
||||||
(acmeCorp or highStreetBank) may {
|
(acmeCorp or highStreetBank) may {
|
||||||
"execute".givenThat(after("2017-09-01")) {
|
"execute".givenThat(after("2017-09-01")) {
|
||||||
highStreetBank.gives(acmeCorp, 1200.K, USD)
|
highStreetBank.owes(acmeCorp, 1200.K, USD)
|
||||||
acmeCorp.gives(highStreetBank, 1.M, EUR)
|
acmeCorp.owes(highStreetBank, 1.M, EUR)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -31,8 +31,8 @@ val american_fx_option = arrange {
|
|||||||
actions {
|
actions {
|
||||||
acmeCorp may {
|
acmeCorp may {
|
||||||
"exercise".givenThat(before("2017-09-01")) {
|
"exercise".givenThat(before("2017-09-01")) {
|
||||||
highStreetBank.gives(acmeCorp, 1200.K, USD)
|
highStreetBank.owes(acmeCorp, 1200.K, USD)
|
||||||
acmeCorp.gives(highStreetBank, 1.M, EUR)
|
acmeCorp.owes(highStreetBank, 1.M, EUR)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -57,7 +57,7 @@ val contractZeroCouponBond = arrange {
|
|||||||
actions {
|
actions {
|
||||||
acmeCorp may {
|
acmeCorp may {
|
||||||
"execute".givenThat(after("2017-11-01")) {
|
"execute".givenThat(after("2017-11-01")) {
|
||||||
highStreetBank.gives(acmeCorp, 1.M, USD)
|
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -68,7 +68,7 @@ val zero_coupon_bond_2 = arrange {
|
|||||||
actions {
|
actions {
|
||||||
(acmeCorp or highStreetBank) may {
|
(acmeCorp or highStreetBank) may {
|
||||||
"execute".givenThat(after("2017-09-01")) {
|
"execute".givenThat(after("2017-09-01")) {
|
||||||
highStreetBank.gives(acmeCorp, 1.M, USD)
|
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
@ -87,7 +87,7 @@ val no_touch = arrange {
|
|||||||
actions {
|
actions {
|
||||||
(acmeCorp or highStreetBank) may {
|
(acmeCorp or highStreetBank) may {
|
||||||
"execute".givenThat(after("2017-09-01")) {
|
"execute".givenThat(after("2017-09-01")) {
|
||||||
highStreetBank.gives(acmeCorp, 1.M, USD)
|
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
highStreetBank may {
|
highStreetBank may {
|
||||||
@ -107,7 +107,7 @@ val one_touch = arrange {
|
|||||||
}
|
}
|
||||||
acmeCorp may {
|
acmeCorp may {
|
||||||
"knock in".givenThat(EUR / USD gt 1.3) {
|
"knock in".givenThat(EUR / USD gt 1.3) {
|
||||||
highStreetBank.gives(acmeCorp, 1.M, USD)
|
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
}
|
}
|
||||||
|
Loading…
Reference in New Issue
Block a user