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Rewrote some documentation about the simm demo. Moved a util function to the main utils file.
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@ -289,3 +289,8 @@ fun <T> Observable<T>.bufferUntilSubscribed(): Observable<T> {
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val subscription = subscribe(subject)
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val subscription = subscribe(subject)
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return subject.doOnUnsubscribe { subscription.unsubscribe() }
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return subject.doOnUnsubscribe { subscription.unsubscribe() }
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}
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}
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/** Allows summing big decimals that are in iterable collections */
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fun Iterable<BigDecimal>.sum(): BigDecimal {
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return this.fold(BigDecimal.valueOf(0)) { a: BigDecimal, b: BigDecimal -> a + b }
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}
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@ -1,7 +0,0 @@
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package com.r3corda.core.math
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import java.math.BigDecimal
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fun Iterable<BigDecimal>.sum(): BigDecimal {
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return this.fold(BigDecimal.valueOf(0)) { a: BigDecimal, b: BigDecimal -> a + b }
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}
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@ -7,12 +7,9 @@ agreement; featuring the integration of complex and industry proven third party
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SIMM Introduction
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SIMM Introduction
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-----------------
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-----------------
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SIMM is an acronym for "Standard Initial Margin Model".
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SIMM is an acronym for "Standard Initial Margin Model". It is effectively the calculation of a "margin" that is paid
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by one party to another when they agree a trade on certain types of transaction. This margin is
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Now this is a quite detailed and complicated subject, and I appeal to those of you who are know about this in depth to
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paid such that, in the event of one of the counterparties suffering a credit event
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be somewhat patient as I attempt to reduce it to the principal parts suitable for the demonstration. It is effectively
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the calculation of what is known as a "margin" that is paid by one party to another when they agree a trade on certain
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types of transaction. This margin is paid such that, in the event of one of the counterparties suffering a credit event
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(a financial term and a polite way to say defaulting, not paying the debts that are due, or potentially even bankruptcy),
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(a financial term and a polite way to say defaulting, not paying the debts that are due, or potentially even bankruptcy),
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then the party that is owed any sum already has some of the amount that it should have been paid. This payment to the
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then the party that is owed any sum already has some of the amount that it should have been paid. This payment to the
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receiving party is a preventative measure in order to reduce the risk of a potentially catastrophic default domino
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receiving party is a preventative measure in order to reduce the risk of a potentially catastrophic default domino
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@ -53,7 +50,7 @@ Initial Margin Agreement Process
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- Agree on the results of these steps
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- Agree on the results of these steps
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- Calculate the initial margin
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- Calculate the initial margin
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- Agree on the calculation of the above with the other party
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- Agree on the calculation of the above with the other party
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- In practise, pay (or receive) this margin (omitted for the sake of complexity for this example)
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- In practice, pay (or receive) this margin (omitted for the sake of complexity for this example)
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Running the app
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Running the app
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@ -178,6 +178,8 @@ You should see some log lines scroll past, and within a few seconds the message
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SIMM and Portfolio Demo
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SIMM and Portfolio Demo
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-----------------------
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-----------------------
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.. note:: Read more about this demo at :doc:`initialmarginagreement`.
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To run the demo run:
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To run the demo run:
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**Windows**
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**Windows**
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