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Merge pull request #148 from corda/sofus-universal-contracts
Sofus universal contracts
This commit is contained in:
commit
fb2b3e5b29
@ -30,8 +30,7 @@ data class Obligation(val amount: Perceivable<BigDecimal>, val currency: Currenc
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// The ``And`` combinator cannot be root in a arrangement.
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data class And(val arrangements: Set<Arrangement>) : Arrangement
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data class Action(val name: String, val condition: Perceivable<Boolean>,
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val actors: Set<Party>, val arrangement: Arrangement)
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data class Action(val name: String, val condition: Perceivable<Boolean>, val arrangement: Arrangement)
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// An action combinator. This declares a list of named action that can be taken by anyone of the actors given that
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// _condition_ is met. If the action is performed the arrangement state transitions into the specified arrangement.
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@ -27,5 +27,5 @@ fun fx_swap(expiry: String, notional: BigDecimal, strike: BigDecimal,
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fun fx_swap2(expiry: String, notional: Long, strike: Double,
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foreignCurrency: Currency, domesticCurrency: Currency,
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partyA: Party, partyB: Party) =
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Action("execute", after(expiry), setOf(partyA, partyB),
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Action("execute", after(expiry) and (signedBy(partyA) or signedBy(partyB)),
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swap(partyA, BigDecimal(notional * strike), domesticCurrency, partyB, BigDecimal(notional), foreignCurrency))
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@ -40,12 +40,25 @@ class ActionsBuilder {
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infix fun Party.or(party: Party) = setOf(this, party)
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infix fun Set<Party>.or(party: Party) = this.plus(party)
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fun String.givenThat(condition: Perceivable<Boolean>, init: ContractBuilder.() -> Arrangement): Action {
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val b = ContractBuilder()
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b.init()
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val a = Action(this, condition, b.final())
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actions.add(a)
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return a
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}
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}
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@Suppress("UNUSED")
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open class ContractBuilder {
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private val contracts = mutableListOf<Arrangement>()
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operator fun Arrangement.unaryPlus() : Arrangement {
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contracts.add(this)
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return this
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}
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fun actions(init: ActionsBuilder.() -> Action): Arrangement {
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val b = ActionsBuilder()
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b.init()
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@ -140,12 +153,12 @@ interface GivenThatResolve {
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}
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class ActionBuilder(val actors: Set<Party>) {
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val actions = mutableListOf<Action>()
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internal val actions = mutableListOf<Action>()
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fun String.givenThat(condition: Perceivable<Boolean>, init: ContractBuilder.() -> Arrangement): Action {
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val b = ContractBuilder()
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b.init()
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val a = Action(this, condition, actors, b.final())
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val a = Action(this, condition and signedByOneOf(actors), b.final())
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actions.add(a)
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return a
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}
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@ -154,7 +167,7 @@ class ActionBuilder(val actors: Set<Party>) {
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val This = this
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return object : GivenThatResolve {
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override fun resolve(contract: Arrangement) {
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actions.add(Action(This, condition, actors, contract))
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actions.add(Action(This, condition and signedByOneOf(actors), contract))
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}
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}
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}
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@ -162,7 +175,7 @@ class ActionBuilder(val actors: Set<Party>) {
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infix fun String.anytime(init: ContractBuilder.() -> Unit): Action {
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val b = ContractBuilder()
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b.init()
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val a = Action(this, const(true), actors, b.final())
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val a = Action(this, signedByOneOf(actors), b.final())
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actions.add(a)
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return a
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}
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@ -2,6 +2,9 @@ package net.corda.contracts.universal
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import net.corda.core.contracts.BusinessCalendar
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import net.corda.core.contracts.Tenor
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import net.corda.core.crypto.CompositeKey
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import net.corda.core.crypto.Party
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import java.lang.reflect.Type
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import java.math.BigDecimal
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import java.time.Instant
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import java.time.LocalDate
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@ -40,7 +43,9 @@ data class Const<T>(val value: T) : Perceivable<T> {
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value!!.hashCode()
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}
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fun <T> const(k: T) = Const(k)
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fun <T> const(k: T) : Perceivable<T> = Const(k)
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// fun const(b: Boolean) : Perceivable<Boolean> = Const(b)
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data class Max(val args: Set<Perceivable<BigDecimal>>) : Perceivable<BigDecimal>
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@ -70,6 +75,15 @@ class EndDate : Perceivable<Instant> {
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}
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}
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data class ActorPerceivable(val actor: Party) : Perceivable<Boolean>
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fun signedBy(actor: Party) : Perceivable<Boolean> = ActorPerceivable(actor)
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fun signedByOneOf(actors: Collection<Party>): Perceivable<Boolean> =
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if (actors.size == 0)
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const(true)
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else
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actors.drop(1).fold(signedBy(actors.first())) { total, next -> total or signedBy(next) }
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/**
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* Perceivable based on time
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*/
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@ -81,6 +95,8 @@ fun before(expiry: Perceivable<Instant>) = TimePerceivable(Comparison.LTE, expir
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fun after(expiry: Perceivable<Instant>) = TimePerceivable(Comparison.GTE, expiry)
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fun before(expiry: Instant) = TimePerceivable(Comparison.LTE, const(expiry))
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fun after(expiry: Instant) = TimePerceivable(Comparison.GTE, const(expiry))
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fun before(expiry: LocalDate) = TimePerceivable(Comparison.LTE, const(expiry.toInstant()))
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fun after(expiry: LocalDate) = TimePerceivable(Comparison.GTE, const(expiry.toInstant()))
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fun before(expiry: String) = TimePerceivable(Comparison.LTE, const(parseDate(expiry).toInstant()))
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fun after(expiry: String) = TimePerceivable(Comparison.GTE, const(parseDate(expiry).toInstant()))
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@ -96,17 +112,20 @@ data class CurrencyCross(val foreign: Currency, val domestic: Currency) : Percei
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operator fun Currency.div(currency: Currency) = CurrencyCross(this, currency)
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data class PerceivableComparison<T>(val left: Perceivable<T>, val cmp: Comparison, val right: Perceivable<T>) : Perceivable<Boolean>
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data class PerceivableComparison<T>(val left: Perceivable<T>, val cmp: Comparison, val right: Perceivable<T>, val type: Type) : Perceivable<Boolean>
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infix fun Perceivable<BigDecimal>.lt(n: BigDecimal) = PerceivableComparison(this, Comparison.LT, const(n))
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infix fun Perceivable<BigDecimal>.gt(n: BigDecimal) = PerceivableComparison(this, Comparison.GT, const(n))
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infix fun Perceivable<BigDecimal>.lt(n: Double) = PerceivableComparison(this, Comparison.LT, const(BigDecimal(n)))
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infix fun Perceivable<BigDecimal>.gt(n: Double) = PerceivableComparison(this, Comparison.GT, const(BigDecimal(n)))
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inline fun<reified T : Any> perceivableComparison(left: Perceivable<T>, cmp: Comparison, right: Perceivable<T>) =
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PerceivableComparison(left, cmp, right, T::class.java)
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infix fun Perceivable<BigDecimal>.lte(n: BigDecimal) = PerceivableComparison(this, Comparison.LTE, const(n))
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infix fun Perceivable<BigDecimal>.gte(n: BigDecimal) = PerceivableComparison(this, Comparison.GTE, const(n))
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infix fun Perceivable<BigDecimal>.lte(n: Double) = PerceivableComparison(this, Comparison.LTE, const(BigDecimal(n)))
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infix fun Perceivable<BigDecimal>.gte(n: Double) = PerceivableComparison(this, Comparison.GTE, const(BigDecimal(n)))
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infix fun Perceivable<BigDecimal>.lt(n: BigDecimal) = perceivableComparison(this, Comparison.LT, const(n))
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infix fun Perceivable<BigDecimal>.gt(n: BigDecimal) = perceivableComparison(this, Comparison.GT, const(n))
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infix fun Perceivable<BigDecimal>.lt(n: Double) = perceivableComparison(this, Comparison.LT, const(BigDecimal(n)))
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infix fun Perceivable<BigDecimal>.gt(n: Double) = perceivableComparison(this, Comparison.GT, const(BigDecimal(n)))
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infix fun Perceivable<BigDecimal>.lte(n: BigDecimal) = perceivableComparison(this, Comparison.LTE, const(n))
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infix fun Perceivable<BigDecimal>.gte(n: BigDecimal) = perceivableComparison(this, Comparison.GTE, const(n))
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infix fun Perceivable<BigDecimal>.lte(n: Double) = perceivableComparison(this, Comparison.LTE, const(BigDecimal(n)))
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infix fun Perceivable<BigDecimal>.gte(n: Double) = perceivableComparison(this, Comparison.GTE, const(BigDecimal(n)))
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enum class Operation {
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PLUS, MINUS, TIMES, DIV
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@ -130,16 +149,12 @@ operator fun Perceivable<BigDecimal>.div(n: Double) = PerceivableOperation(this,
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operator fun Perceivable<Int>.plus(n: Int) = PerceivableOperation(this, Operation.PLUS, const(n))
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operator fun Perceivable<Int>.minus(n: Int) = PerceivableOperation(this, Operation.MINUS, const(n))
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class DummyPerceivable<T> : Perceivable<T>
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data class TerminalEvent(val reference: Party, val source: CompositeKey) : Perceivable<Boolean>
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// todo: holidays
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data class Interest(val amount: Perceivable<BigDecimal>, val dayCountConvention: String,
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val interest: Perceivable<BigDecimal>, val start: Perceivable<Instant>, val end: Perceivable<Instant>) : Perceivable<BigDecimal>
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fun libor(@Suppress("UNUSED_PARAMETER") amount: BigDecimal, @Suppress("UNUSED_PARAMETER") start: String, @Suppress("UNUSED_PARAMETER") end: String): Perceivable<BigDecimal> = DummyPerceivable()
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fun libor(@Suppress("UNUSED_PARAMETER") amount: BigDecimal, @Suppress("UNUSED_PARAMETER") start: Perceivable<Instant>, @Suppress("UNUSED_PARAMETER") end: Perceivable<Instant>): Perceivable<BigDecimal> = DummyPerceivable()
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fun interest(@Suppress("UNUSED_PARAMETER") amount: BigDecimal, @Suppress("UNUSED_PARAMETER") dayCountConvention: String, @Suppress("UNUSED_PARAMETER") interest: BigDecimal /* todo - appropriate type */,
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@Suppress("UNUSED_PARAMETER") start: String, @Suppress("UNUSED_PARAMETER") end: String): Perceivable<BigDecimal> = Interest(Const(amount), dayCountConvention, Const(interest), const(parseDate(start).toInstant()), const(parseDate(end).toInstant()))
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@ -0,0 +1,217 @@
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package net.corda.contracts.universal
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import net.corda.core.crypto.CompositeKey
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import net.corda.core.crypto.Party
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import java.math.BigDecimal
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import java.time.Instant
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private class PrettyPrint(arr : Arrangement) {
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val parties = involvedParties(arr)
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private val sb = StringBuilder()
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private var indentLevel = 0
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private var atStart = true
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private fun print(msg: String) {
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if (atStart)
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repeat(indentLevel, { sb.append(' ') })
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sb.append(msg)
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atStart = false
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}
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private fun println(message: Any?) {
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if (atStart)
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repeat(indentLevel, { sb.append(' ') })
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sb.appendln(message)
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atStart = true
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}
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private fun print(msg: Any?) {
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if (atStart)
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repeat(indentLevel, { sb.append(' ') })
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sb.append(msg)
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atStart = false
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}
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fun <T> indent(body: () -> T): T {
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indentLevel += 2
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val rv = body()
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indentLevel -= 2
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return rv
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}
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val partyMap = mutableMapOf<CompositeKey, String>()
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val usedPartyNames = mutableSetOf<String>()
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fun createPartyName(party : Party) : String
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{
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val parts = party.name.toLowerCase().split(' ')
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var camelName = parts.drop(1).fold(parts.first()) {
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s, i -> s + i.first().toUpperCase() + i.drop(1)
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}
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if (usedPartyNames.contains(camelName)) {
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camelName += "_" + partyMap.size.toString()
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}
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partyMap.put(party.owningKey, camelName)
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usedPartyNames.add(camelName)
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return camelName
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}
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init {
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parties.forEach {
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println( "val ${createPartyName(it)} = Party(\"${it.name}\", \"${it.owningKey}\")" )
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}
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}
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fun prettyPrint(per: Perceivable<Boolean>, x: Boolean? = null) {
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when (per) {
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is Const -> print("\"${per.value}\"")
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is PerceivableOr -> {
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prettyPrint(per.left)
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print(" or ")
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prettyPrint(per.right)
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}
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is PerceivableAnd -> {
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prettyPrint(per.left)
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print(" and ")
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prettyPrint(per.right)
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}
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is TimePerceivable -> {
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when (per.cmp) {
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Comparison.GT, Comparison.GTE -> {
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print("after(")
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prettyPrint(per.instant)
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print(")")
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}
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Comparison.LT, Comparison.LTE -> {
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print("before(")
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prettyPrint(per.instant)
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print(")")
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}
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}
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}
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is PerceivableComparison<*> -> {
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when (per.type) {
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BigDecimal::class.java -> prettyPrint(per.left as Perceivable<BigDecimal>)
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Instant::class.java -> prettyPrint(per.left as Perceivable<Instant>)
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Boolean::class.java -> prettyPrint(per.left as Perceivable<Boolean>)
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}
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when (per.cmp) {
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Comparison.GT -> print(" > ")
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Comparison.LT -> print(" < ")
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Comparison.GTE -> print(" >= ")
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Comparison.LTE -> print(" <= ")
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}
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when (per.type) {
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BigDecimal::class.java -> prettyPrint(per.right as Perceivable<BigDecimal>)
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Instant::class.java -> prettyPrint(per.right as Perceivable<Instant>)
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Boolean::class.java -> prettyPrint(per.right as Perceivable<Boolean>)
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}
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}
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is TerminalEvent -> print("TerminalEvent(${partyMap[per.reference.owningKey]}, \"${per.source}\")")
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is ActorPerceivable -> print("signedBy(${partyMap[per.actor.owningKey]})")
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else -> print(per)
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}
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}
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fun prettyPrint(per: Perceivable<Instant>, x: Instant? = null) {
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when (per) {
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is Const -> print("\"${per.value}\"")
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is StartDate -> print("startDate")
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is EndDate -> print("endDate")
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else -> print(per)
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}
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}
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fun prettyPrint(per: Perceivable<BigDecimal>, x: BigDecimal? = null) {
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when (per) {
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is PerceivableOperation<BigDecimal> -> {
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prettyPrint(per.left)
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when (per.op) {
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Operation.PLUS -> print(" + ")
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Operation.MINUS -> print(" - ")
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Operation.DIV -> print(" / ")
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Operation.TIMES -> print(" * ")
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else -> print(per.op)
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}
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prettyPrint(per.right)
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}
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is UnaryPlus -> {
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print("(")
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prettyPrint(per.arg)
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print(".).plus()")
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}
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is Const -> print(per.value)
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is Interest -> {
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print("Interest(")
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prettyPrint(per.amount)
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print(", \"${per.dayCountConvention}\", ")
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prettyPrint(per.amount)
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print(", ")
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prettyPrint(per.start)
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print(", ")
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prettyPrint(per.end)
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print(")")
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}
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is CurrencyCross -> print("${per.foreign}/${per.domestic}")
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else -> println(per)
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}
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}
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fun prettyPrint(arr: Arrangement) {
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when (arr) {
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is Zero -> println("zero")
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is RollOut -> {
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println("rollOut(\"${arr.startDate}\".ld, \"${arr.endDate}\".ld, Frequency.${arr.frequency}) { ")
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indent {
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prettyPrint(arr.template)
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}
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println("}")
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}
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is And -> {
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for (it in arr.arrangements) {
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prettyPrint(it)
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}
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}
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is Continuation -> println("next()")
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is Obligation -> {
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print("${partyMap[arr.from.owningKey]}.gives( ${partyMap[arr.to.owningKey]}, ")
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prettyPrint(arr.amount)
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println(", ${arr.currency})")
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}
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is Actions -> {
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println("actions {")
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indent {
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for ((name, condition, arrangement) in arr.actions) {
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print("\"$name\".givenThat(")
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prettyPrint(condition)
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println(") {")
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indent {
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prettyPrint(arrangement)
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}
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println("}")
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}
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}
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println("}")
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}
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else -> println(arr)
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}
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}
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override fun toString(): String {
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return sb.toString()
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}
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}
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fun prettyPrint(arr: Arrangement): String {
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val pb = PrettyPrint(arr)
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pb.prettyPrint(arr)
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return pb.toString()
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}
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|
@ -47,11 +47,8 @@ A base contract representing debt of X amount of currency CCY from party A to pa
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#### ``And contract1 ... contractN``
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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.
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|
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#### ``Action name, condition, actors, contract``
|
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An action combinator. This declares a named action that can be taken by anyone of the actors given that _condition_ is met. If the action is performed the contract state transitions into the specificed contract.
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#### ``Or action1 ... actionN``
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A combinator that can only be used on action contracts. This means only one of the action can be executed. Should any one action be executed, all other actions are discarded.
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#### ``Action [name, condition, contract]``
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An action combinator. This declares a list of named actions, only one can be taken and only if the condition is satisfied. If the action is performed the contract state transitions into the specificed contract.
|
||||
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||||
#### ``RollOut startDate endDate frequency contractTemplate``
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A combinator for rolling out a date sequence using specified template
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|
@ -29,6 +29,10 @@ class UniversalContract : Contract {
|
||||
|
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// must be signed by all liable parties present in contract
|
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class Issue : TypeOnlyCommandData(), Commands
|
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|
||||
// Split contract in two, ratio must be positive and less than one.
|
||||
// todo: Who should sign this?
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class Split(val ratio: BigDecimal) : Commands
|
||||
}
|
||||
|
||||
fun eval(@Suppress("UNUSED_PARAMETER") tx: TransactionForContract, expr: Perceivable<Instant>): Instant? = when (expr) {
|
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@ -40,13 +44,14 @@ class UniversalContract : Contract {
|
||||
|
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fun eval(tx: TransactionForContract, expr: Perceivable<Boolean>): Boolean = when (expr) {
|
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is PerceivableAnd -> eval(tx, expr.left) && eval(tx, expr.right)
|
||||
is PerceivableOr -> eval(tx, expr.right) || eval(tx, expr.right)
|
||||
is PerceivableOr -> eval(tx, expr.left) || eval(tx, expr.right)
|
||||
is Const<Boolean> -> expr.value
|
||||
is TimePerceivable -> when (expr.cmp) {
|
||||
Comparison.LTE -> tx.timestamp!!.after!! <= eval(tx, expr.instant)
|
||||
Comparison.GTE -> tx.timestamp!!.before!! >= eval(tx, expr.instant)
|
||||
else -> throw NotImplementedError("eval special")
|
||||
}
|
||||
is ActorPerceivable -> tx.commands.single().signers.contains(expr.actor.owningKey)
|
||||
else -> throw NotImplementedError("eval - Boolean - " + expr.javaClass.name)
|
||||
}
|
||||
|
||||
@ -130,6 +135,9 @@ class UniversalContract : Contract {
|
||||
is PerceivableOperation -> PerceivableOperation<T>(replaceStartEnd(p.left, start, end), p.op, replaceStartEnd(p.right, start, end))
|
||||
is Interest -> Interest(replaceStartEnd(p.amount, start, end), p.dayCountConvention, replaceStartEnd(p.interest, start, end), replaceStartEnd(p.start, start, end), replaceStartEnd(p.end, start, end)) as Perceivable<T>
|
||||
is Fixing -> Fixing(p.source, replaceStartEnd(p.date, start, end), p.tenor) as Perceivable<T>
|
||||
is PerceivableAnd -> (replaceStartEnd(p.left, start, end) and replaceStartEnd(p.right, start, end)) as Perceivable<T>
|
||||
is PerceivableOr -> (replaceStartEnd(p.left, start, end) or replaceStartEnd(p.right, start, end)) as Perceivable<T>
|
||||
is ActorPerceivable -> p
|
||||
else -> throw NotImplementedError("replaceStartEnd " + p.javaClass.name)
|
||||
}
|
||||
|
||||
@ -138,14 +146,14 @@ class UniversalContract : Contract {
|
||||
is And -> And(arrangement.arrangements.map { replaceStartEnd(it, start, end) }.toSet())
|
||||
is Zero -> arrangement
|
||||
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), replaceStartEnd(it.arrangement, start, end)) }.toSet())
|
||||
is Continuation -> arrangement
|
||||
else -> throw NotImplementedError("replaceStartEnd " + arrangement.javaClass.name)
|
||||
}
|
||||
|
||||
fun replaceNext(arrangement: Arrangement, nextReplacement: RollOut): 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, replaceNext(it.arrangement, nextReplacement)) }.toSet())
|
||||
is And -> And(arrangement.arrangements.map { replaceNext(it, nextReplacement) }.toSet())
|
||||
is Obligation -> arrangement
|
||||
is Zero -> arrangement
|
||||
@ -155,7 +163,7 @@ class UniversalContract : Contract {
|
||||
|
||||
fun removeNext(arrangement: Arrangement): Arrangement =
|
||||
when (arrangement) {
|
||||
is Actions -> Actions(arrangement.actions.map { Action(it.name, it.condition, it.actors, removeNext(it.arrangement)) }.toSet())
|
||||
is Actions -> Actions(arrangement.actions.map { Action(it.name, it.condition, removeNext(it.arrangement)) }.toSet())
|
||||
is And -> {
|
||||
val a = arrangement.arrangements.map { removeNext(it) }.filter { it != zero }
|
||||
if (a.count() > 1)
|
||||
@ -200,7 +208,8 @@ class UniversalContract : Contract {
|
||||
|
||||
requireThat {
|
||||
"action must be timestamped" by (tx.timestamp != null)
|
||||
"action must be authorized" by (cmd.signers.any { action.actors.any { party -> party.owningKey == it } })
|
||||
// "action must be authorized" by (cmd.signers.any { action.actors.any { party -> party.owningKey == it } })
|
||||
// todo perhaps merge these two requirements?
|
||||
"condition must be met" by (eval(tx, action.condition))
|
||||
}
|
||||
|
||||
@ -290,8 +299,7 @@ class UniversalContract : Contract {
|
||||
|
||||
fun replaceFixing(tx: TransactionForContract, arr: Action,
|
||||
fixings: Map<FixOf, BigDecimal>, unusedFixings: MutableSet<FixOf>) =
|
||||
Action(arr.name, replaceFixing(tx, arr.condition, fixings, unusedFixings),
|
||||
arr.actors, replaceFixing(tx, arr.arrangement, fixings, unusedFixings))
|
||||
Action(arr.name, replaceFixing(tx, arr.condition, fixings, unusedFixings), replaceFixing(tx, arr.arrangement, fixings, unusedFixings))
|
||||
|
||||
fun replaceFixing(tx: TransactionForContract, arr: Arrangement,
|
||||
fixings: Map<FixOf, BigDecimal>, unusedFixings: MutableSet<FixOf>): Arrangement =
|
||||
@ -299,7 +307,7 @@ class UniversalContract : Contract {
|
||||
is Zero -> arr
|
||||
is And -> And(arr.arrangements.map { replaceFixing(tx, it, fixings, unusedFixings) }.toSet())
|
||||
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, replaceFixing(tx, it.arrangement, fixings, unusedFixings)) }.toSet())
|
||||
is RollOut -> RollOut(arr.startDate, arr.endDate, arr.frequency, replaceFixing(tx, arr.template, fixings, unusedFixings))
|
||||
is Continuation -> arr
|
||||
else -> throw NotImplementedError("replaceFixing - " + arr.javaClass.name)
|
||||
|
@ -12,6 +12,17 @@ fun Instant.toLocalDate(): LocalDate = LocalDate.ofEpochDay(this.epochSecond / 6
|
||||
|
||||
fun LocalDate.toInstant(): Instant = Instant.ofEpochSecond(this.toEpochDay() * 60 * 60 * 24)
|
||||
|
||||
private fun signingParties(perceivable: Perceivable<Boolean>) : ImmutableSet<Party> =
|
||||
when (perceivable) {
|
||||
is ActorPerceivable -> ImmutableSet.of( perceivable.actor )
|
||||
is PerceivableAnd -> Sets.union( signingParties( perceivable.left ), signingParties(perceivable.right) ).immutableCopy()
|
||||
is PerceivableOr -> Sets.union( signingParties( perceivable.left ), signingParties(perceivable.right) ).immutableCopy()
|
||||
is TimePerceivable -> ImmutableSet.of<Party>()
|
||||
is TerminalEvent -> ImmutableSet.of( perceivable.reference )
|
||||
is PerceivableComparison<*> -> ImmutableSet.of<Party>() // todo
|
||||
else -> throw IllegalArgumentException("signingParties " + perceivable)
|
||||
}
|
||||
|
||||
private fun liablePartiesVisitor(arrangement: Arrangement): ImmutableSet<CompositeKey> =
|
||||
when (arrangement) {
|
||||
is Zero -> ImmutableSet.of<CompositeKey>()
|
||||
@ -25,37 +36,55 @@ private fun liablePartiesVisitor(arrangement: Arrangement): ImmutableSet<Composi
|
||||
else -> throw IllegalArgumentException("liableParties " + arrangement)
|
||||
}
|
||||
|
||||
private fun liablePartiesVisitor(action: Action): ImmutableSet<CompositeKey> =
|
||||
if (action.actors.size != 1)
|
||||
liablePartiesVisitor(action.arrangement)
|
||||
else
|
||||
Sets.difference(liablePartiesVisitor(action.arrangement), ImmutableSet.of(action.actors.single())).immutableCopy()
|
||||
private fun liablePartiesVisitor(action: Action): ImmutableSet<CompositeKey> {
|
||||
val actors = signingParties(action.condition)
|
||||
return if (actors.size != 1)
|
||||
liablePartiesVisitor(action.arrangement)
|
||||
else
|
||||
Sets.difference(liablePartiesVisitor(action.arrangement), ImmutableSet.of(actors.single())).immutableCopy()
|
||||
}
|
||||
|
||||
/** Returns list of potentially liable parties for a given contract */
|
||||
fun liableParties(contract: Arrangement): Set<CompositeKey> = liablePartiesVisitor(contract)
|
||||
|
||||
private fun involvedPartiesVisitor(action: Action): Set<CompositeKey> =
|
||||
Sets.union(involvedPartiesVisitor(action.arrangement), action.actors.map { it.owningKey }.toSet()).immutableCopy()
|
||||
private fun involvedPartiesVisitor(action: Action): Set<Party> =
|
||||
Sets.union(involvedPartiesVisitor(action.arrangement), signingParties(action.condition)).immutableCopy()
|
||||
|
||||
private fun involvedPartiesVisitor(arrangement: Arrangement): ImmutableSet<CompositeKey> =
|
||||
private fun involvedPartiesVisitor(arrangement: Arrangement): ImmutableSet<Party> =
|
||||
when (arrangement) {
|
||||
is Zero -> ImmutableSet.of<CompositeKey>()
|
||||
is Obligation -> ImmutableSet.of(arrangement.from.owningKey)
|
||||
is Zero -> ImmutableSet.of<Party>()
|
||||
is Obligation -> ImmutableSet.of(arrangement.from, arrangement.to)
|
||||
is RollOut -> involvedPartiesVisitor(arrangement.template)
|
||||
is Continuation -> ImmutableSet.of<Party>()
|
||||
is And ->
|
||||
arrangement.arrangements.fold(ImmutableSet.builder<CompositeKey>(), { builder, k -> builder.addAll(involvedPartiesVisitor(k)) }).build()
|
||||
arrangement.arrangements.fold(ImmutableSet.builder<Party>(), { builder, k -> builder.addAll(involvedPartiesVisitor(k)) }).build()
|
||||
is Actions ->
|
||||
arrangement.actions.fold(ImmutableSet.builder<CompositeKey>(), { builder, k -> builder.addAll(involvedPartiesVisitor(k)) }).build()
|
||||
else -> throw IllegalArgumentException()
|
||||
arrangement.actions.fold(ImmutableSet.builder<Party>(), { builder, k -> builder.addAll(involvedPartiesVisitor(k)) }).build()
|
||||
else -> throw IllegalArgumentException(arrangement.toString())
|
||||
}
|
||||
|
||||
/** returns list of involved parties for a given contract */
|
||||
fun involvedParties(arrangement: Arrangement): Set<CompositeKey> = involvedPartiesVisitor(arrangement)
|
||||
fun involvedParties(arrangement: Arrangement): Set<Party> = involvedPartiesVisitor(arrangement)
|
||||
|
||||
fun replaceParty(perceivable: Perceivable<Boolean>, from: Party, to: Party): Perceivable<Boolean> =
|
||||
when (perceivable) {
|
||||
is ActorPerceivable ->
|
||||
if (perceivable.actor == from)
|
||||
signedBy(to)
|
||||
else
|
||||
perceivable
|
||||
is PerceivableAnd -> replaceParty(perceivable.left, from, to) and replaceParty(perceivable.right, from, to)
|
||||
is PerceivableOr -> replaceParty(perceivable.left, from, to) or replaceParty(perceivable.right, from, to)
|
||||
is TimePerceivable -> perceivable
|
||||
else -> throw IllegalArgumentException("replaceParty " + perceivable)
|
||||
}
|
||||
|
||||
fun replaceParty(action: Action, from: Party, to: Party): Action =
|
||||
if (action.actors.contains(from)) {
|
||||
Action(action.name, action.condition, action.actors - from + to, replaceParty(action.arrangement, from, to))
|
||||
} else
|
||||
Action(action.name, action.condition, action.actors, replaceParty(action.arrangement, from, to))
|
||||
Action(action.name, replaceParty(action.condition, from, to), replaceParty(action.arrangement, from, to))
|
||||
//if (action.actors.contains(from)) {
|
||||
// Action(action.name, action.condition, action.actors - from + to, replaceParty(action.arrangement, from, to))
|
||||
//} else
|
||||
// Action(action.name, action.condition, replaceParty(action.arrangement, from, to))
|
||||
|
||||
fun replaceParty(arrangement: Arrangement, from: Party, to: Party): Arrangement = when (arrangement) {
|
||||
is Zero -> arrangement
|
||||
@ -184,7 +213,6 @@ fun debugCompare(arrLeft: Arrangement, arrRight: Arrangement) {
|
||||
arrLeft.actions.zip(arrRight.actions).forEach {
|
||||
debugCompare(it.first.arrangement, it.second.arrangement)
|
||||
debugCompare(it.first.condition, it.second.condition)
|
||||
debugCompare(it.first.actors, it.second.actors)
|
||||
debugCompare(it.first.name, it.second.name)
|
||||
return
|
||||
}
|
||||
|
@ -6,6 +6,7 @@ import net.corda.core.contracts.Frequency
|
||||
import net.corda.core.contracts.Tenor
|
||||
import net.corda.core.utilities.DUMMY_NOTARY
|
||||
import net.corda.testing.transaction
|
||||
import org.junit.Ignore
|
||||
import org.junit.Test
|
||||
import java.time.Instant
|
||||
import java.time.LocalDate
|
||||
@ -22,16 +23,16 @@ class Cap {
|
||||
val contractInitial = arrange {
|
||||
rollOut("2016-09-01".ld, "2017-09-01".ld, Frequency.SemiAnnual) {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
"exercise".anytime {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"exercise" anytime {
|
||||
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
||||
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
||||
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||
next()
|
||||
}
|
||||
}
|
||||
acmeCorp.may {
|
||||
"skip".anytime {
|
||||
acmeCorp may {
|
||||
"skip" anytime {
|
||||
next()
|
||||
}
|
||||
}
|
||||
@ -41,23 +42,23 @@ class Cap {
|
||||
|
||||
val contractAfterFixingFirst = arrange {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
"exercise".anytime() {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"exercise" anytime {
|
||||
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")
|
||||
highStreetBank.owes(acmeCorp, floating1 - fixed1, currency)
|
||||
rollOut("2017-03-01".ld, "2017-09-01".ld, Frequency.SemiAnnual) {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
"exercise".anytime {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"exercise" anytime {
|
||||
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
||||
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
||||
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||
next()
|
||||
}
|
||||
}
|
||||
acmeCorp.may {
|
||||
"skip".anytime {
|
||||
acmeCorp may {
|
||||
"skip" anytime {
|
||||
next()
|
||||
}
|
||||
}
|
||||
@ -65,20 +66,20 @@ class Cap {
|
||||
}
|
||||
}
|
||||
}
|
||||
acmeCorp.may {
|
||||
"skip".anytime {
|
||||
acmeCorp may {
|
||||
"skip" anytime {
|
||||
rollOut("2017-03-01".ld, "2017-09-01".ld, Frequency.SemiAnnual) {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
"exercise".anytime {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"exercise" anytime {
|
||||
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
||||
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
||||
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||
next()
|
||||
}
|
||||
}
|
||||
acmeCorp.may {
|
||||
"skip".anytime {
|
||||
acmeCorp may {
|
||||
"skip" anytime {
|
||||
next()
|
||||
}
|
||||
}
|
||||
@ -91,15 +92,15 @@ class Cap {
|
||||
|
||||
val contractAfterFixingFinal = arrange {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
"exercise".anytime() {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"exercise" anytime {
|
||||
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")
|
||||
highStreetBank.owes(acmeCorp, floating1 - fixed1, currency)
|
||||
}
|
||||
}
|
||||
acmeCorp.may {
|
||||
"skip".anytime {
|
||||
acmeCorp may {
|
||||
"skip" anytime {
|
||||
}
|
||||
}
|
||||
}
|
||||
@ -108,16 +109,16 @@ class Cap {
|
||||
val contractAfterExecutionFirst = arrange {
|
||||
rollOut("2017-03-01".ld, "2017-09-01".ld, Frequency.SemiAnnual) {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
"exercise".anytime {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"exercise" anytime {
|
||||
val floating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
||||
val fixed = interest(notional, "act/365", 0.5.bd, start, end)
|
||||
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||
next()
|
||||
}
|
||||
}
|
||||
acmeCorp.may {
|
||||
"skip".anytime {
|
||||
acmeCorp may {
|
||||
"skip" anytime {
|
||||
next()
|
||||
}
|
||||
}
|
||||
@ -144,8 +145,8 @@ class Cap {
|
||||
val limit = variable(150.K)
|
||||
}) {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
"exercise".anytime {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"exercise" anytime {
|
||||
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 payout = min(floating - fixed)
|
||||
@ -153,8 +154,8 @@ class Cap {
|
||||
next(vars.limit to vars.limit - payout)
|
||||
}
|
||||
}
|
||||
acmeCorp.may {
|
||||
"skip".anytime {
|
||||
acmeCorp may {
|
||||
"skip" anytime {
|
||||
next()
|
||||
}
|
||||
}
|
||||
@ -309,4 +310,15 @@ class Cap {
|
||||
this.verifies()
|
||||
}
|
||||
}
|
||||
|
||||
@Test @Ignore
|
||||
fun `pretty print`() {
|
||||
println ( prettyPrint(contractInitial) )
|
||||
|
||||
println ( prettyPrint(contractAfterFixingFirst) )
|
||||
|
||||
println ( prettyPrint(contractAfterExecutionFirst) )
|
||||
|
||||
println ( prettyPrint(contractAfterFixingFinal) )
|
||||
}
|
||||
}
|
||||
|
@ -4,6 +4,7 @@ import net.corda.core.contracts.FixOf
|
||||
import net.corda.core.contracts.Tenor
|
||||
import net.corda.core.utilities.DUMMY_NOTARY
|
||||
import net.corda.testing.transaction
|
||||
import org.junit.Ignore
|
||||
import org.junit.Test
|
||||
import java.time.Instant
|
||||
import java.time.LocalDate
|
||||
@ -19,8 +20,8 @@ class Caplet {
|
||||
|
||||
val contract = arrange {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
"exercise".anytime() {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"exercise" anytime {
|
||||
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")
|
||||
highStreetBank.owes(acmeCorp, (floating - fixed).plus(), currency)
|
||||
@ -31,8 +32,8 @@ class Caplet {
|
||||
|
||||
val contractFixed = arrange {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
"exercise".anytime() {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"exercise" anytime {
|
||||
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")
|
||||
highStreetBank.owes(acmeCorp, (floating - fixed).plus(), currency)
|
||||
@ -131,4 +132,14 @@ class Caplet {
|
||||
}
|
||||
}
|
||||
|
||||
@Test @Ignore
|
||||
fun `pretty print`() {
|
||||
println ( prettyPrint(contract) )
|
||||
|
||||
println ( prettyPrint(contractFixed) )
|
||||
|
||||
println ( prettyPrint(contractFinal) )
|
||||
}
|
||||
|
||||
|
||||
}
|
||||
|
@ -1,6 +1,7 @@
|
||||
package net.corda.contracts.universal
|
||||
|
||||
import net.corda.core.crypto.Party
|
||||
import net.corda.core.crypto.composite
|
||||
import net.corda.core.crypto.generateKeyPair
|
||||
import org.junit.Test
|
||||
import java.util.*
|
||||
@ -10,7 +11,7 @@ val acmeCorp = Party("ACME Corporation", generateKeyPair().public)
|
||||
val highStreetBank = Party("High Street Bank", generateKeyPair().public)
|
||||
val momAndPop = Party("Mom and Pop", generateKeyPair().public)
|
||||
|
||||
val acmeCorporationHasDefaulted = DummyPerceivable<Boolean>()
|
||||
val acmeCorporationHasDefaulted = TerminalEvent(acmeCorp, generateKeyPair().public.composite)
|
||||
|
||||
|
||||
// Currencies
|
||||
@ -25,12 +26,12 @@ class ContractDefinition {
|
||||
|
||||
val cds_contract = arrange {
|
||||
actions {
|
||||
acmeCorp.may {
|
||||
acmeCorp may {
|
||||
"payout".givenThat(acmeCorporationHasDefaulted and before("2017-09-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||
}
|
||||
}
|
||||
highStreetBank.may {
|
||||
highStreetBank may {
|
||||
"expire".givenThat(after("2017-09-01")) {
|
||||
zero
|
||||
}
|
||||
@ -41,13 +42,13 @@ class ContractDefinition {
|
||||
|
||||
val american_fx_option = arrange {
|
||||
actions {
|
||||
acmeCorp.may {
|
||||
"exercise".anytime {
|
||||
highStreetBank.owes(acmeCorp, 1.M, EUR)
|
||||
acmeCorp.owes(highStreetBank, 1200.K, USD)
|
||||
acmeCorp may {
|
||||
"exercise" anytime {
|
||||
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||
acmeCorp.owes(highStreetBank, 1070.K, EUR)
|
||||
}
|
||||
}
|
||||
highStreetBank.may {
|
||||
highStreetBank may {
|
||||
"expire".givenThat(after("2017-09-01")) {
|
||||
zero
|
||||
}
|
||||
@ -58,19 +59,19 @@ class ContractDefinition {
|
||||
|
||||
val european_fx_option = arrange {
|
||||
actions {
|
||||
acmeCorp.may {
|
||||
"exercise".anytime {
|
||||
acmeCorp may {
|
||||
"exercise" anytime {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"execute".givenThat(after("2017-09-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1.M, EUR)
|
||||
acmeCorp.owes(highStreetBank, 1200.K, USD)
|
||||
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||
acmeCorp.owes(highStreetBank, 1070.K, EUR)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
highStreetBank.may {
|
||||
highStreetBank may {
|
||||
"expire".givenThat(after("2017-09-01")) {
|
||||
zero
|
||||
}
|
||||
@ -83,10 +84,10 @@ class ContractDefinition {
|
||||
fun `builder problem - should not compile`() {
|
||||
val arr = arrange {
|
||||
actions {
|
||||
acmeCorp.may {
|
||||
"execute".anytime {
|
||||
acmeCorp.may {
|
||||
"problem".anytime {
|
||||
acmeCorp may {
|
||||
"execute" anytime {
|
||||
acmeCorp may {
|
||||
"problem" anytime {
|
||||
highStreetBank.gives(acmeCorp, 1.M, USD)
|
||||
}
|
||||
}
|
||||
@ -106,11 +107,11 @@ class ContractDefinition {
|
||||
fun `builder problem - legal`() {
|
||||
val arr = arrange {
|
||||
actions {
|
||||
acmeCorp.may {
|
||||
"execute".anytime {
|
||||
acmeCorp may {
|
||||
"execute" anytime {
|
||||
actions {
|
||||
acmeCorp.may {
|
||||
"problem".anytime {
|
||||
acmeCorp may {
|
||||
"problem" anytime {
|
||||
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||
}
|
||||
}
|
||||
|
@ -0,0 +1,140 @@
|
||||
package net.corda.contracts.universal
|
||||
|
||||
import net.corda.core.contracts.USD
|
||||
import org.junit.Ignore
|
||||
import org.junit.Test
|
||||
|
||||
// various example arrangements using basic syntax
|
||||
|
||||
class Examples {
|
||||
|
||||
val cds_contract = arrange {
|
||||
actions {
|
||||
acmeCorp may {
|
||||
"claim".givenThat(acmeCorporationHasDefaulted and before("2017-09-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
// fx swap
|
||||
// both parties have the right to trigger the exchange of cash flows
|
||||
val an_fx_swap = arrange {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"execute".givenThat(after("2017-09-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1070.K, EUR)
|
||||
acmeCorp.owes(highStreetBank, 1.M, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
val american_fx_option = arrange {
|
||||
actions {
|
||||
acmeCorp may {
|
||||
"exercise".givenThat(before("2017-09-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1070.K, EUR)
|
||||
acmeCorp.owes(highStreetBank, 1.M, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
val european_fx_option = arrange {
|
||||
actions {
|
||||
acmeCorp may {
|
||||
"exercise".givenThat(before("2017-09-01")) {
|
||||
fx_swap("2017-09-01", 1.M, 1.2.bd, EUR, USD, acmeCorp, highStreetBank)
|
||||
}
|
||||
}
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"expire" anytime {
|
||||
zero
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
val contractZeroCouponBond = arrange {
|
||||
actions {
|
||||
acmeCorp may {
|
||||
"execute".givenThat(after("2017-11-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
// maybe in the presence of negative interest rates you would want other side of contract to be able to take initiative as well
|
||||
val zero_coupon_bond_2 = arrange {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"execute".givenThat(after("2017-09-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
// no touch
|
||||
// Party Receiver
|
||||
// Party Giver
|
||||
//
|
||||
// Giver has right to annul contract if barrier is breached
|
||||
// Receiver has right to receive money at/after expiry
|
||||
//
|
||||
// Assume observable is using FX fixing
|
||||
//
|
||||
val no_touch = arrange {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"execute".givenThat(after("2017-09-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||
}
|
||||
}
|
||||
highStreetBank may {
|
||||
"knock out".givenThat(EUR / USD gt 1.3) {
|
||||
zero
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
val one_touch = arrange {
|
||||
actions {
|
||||
highStreetBank may {
|
||||
"expire".givenThat(after("2017-09-01")) {
|
||||
zero
|
||||
}
|
||||
}
|
||||
acmeCorp may {
|
||||
"knock in".givenThat(EUR / USD gt 1.3) {
|
||||
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
@Test @Ignore
|
||||
fun `pretty print`() {
|
||||
println ( prettyPrint(cds_contract) )
|
||||
|
||||
println ( prettyPrint(an_fx_swap) )
|
||||
|
||||
println ( prettyPrint(american_fx_option) )
|
||||
|
||||
println ( prettyPrint(european_fx_option) )
|
||||
|
||||
println ( prettyPrint(contractZeroCouponBond) )
|
||||
|
||||
println ( prettyPrint(zero_coupon_bond_2) )
|
||||
|
||||
println ( prettyPrint(no_touch) )
|
||||
|
||||
println ( prettyPrint(one_touch) )
|
||||
}
|
||||
|
||||
|
||||
}
|
@ -0,0 +1,146 @@
|
||||
package net.corda.contracts.universal
|
||||
|
||||
import net.corda.core.utilities.DUMMY_NOTARY
|
||||
import net.corda.testing.transaction
|
||||
import org.junit.Ignore
|
||||
import org.junit.Test
|
||||
import java.time.Instant
|
||||
|
||||
class FXFwdTimeOption
|
||||
{
|
||||
// An FX Fwd with Time Option is an early exercise call option that must be exercised no later than maturity
|
||||
val initialContract = arrange {
|
||||
|
||||
val swap = arrange {
|
||||
highStreetBank.owes(acmeCorp, 1070.K, EUR)
|
||||
acmeCorp.owes(highStreetBank, 1.M, USD)
|
||||
}
|
||||
val maturity = "2018-06-01".ld
|
||||
|
||||
actions {
|
||||
acmeCorp may {
|
||||
"exercise".givenThat(before(maturity)) {
|
||||
+swap // problem, swap (wo unary plus) also compiles, but with no effect.
|
||||
// hopefully this can be solved using @DslMarker in Kotlin 1.1
|
||||
}
|
||||
}
|
||||
highStreetBank may {
|
||||
"expire".givenThat(after(maturity)) {
|
||||
+swap
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
val outContract1 = arrange {
|
||||
highStreetBank.owes(acmeCorp, 1070.K, EUR)
|
||||
}
|
||||
val outContract2 = arrange {
|
||||
acmeCorp.owes(highStreetBank, 1.M, USD)
|
||||
}
|
||||
|
||||
val TEST_TX_TIME_1: Instant get() = Instant.parse("2017-09-02T12:00:00.00Z")
|
||||
val TEST_TX_TIME_BEFORE_MATURITY: Instant get() = Instant.parse("2018-05-01T12:00:00.00Z")
|
||||
val TEST_TX_TIME_AFTER_MATURITY: Instant get() = Instant.parse("2018-06-02T12:00:00.00Z")
|
||||
|
||||
val inState = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), initialContract)
|
||||
val outState1 = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), outContract1)
|
||||
val outState2 = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), outContract2)
|
||||
|
||||
@Test
|
||||
fun `issue - signature`() {
|
||||
transaction {
|
||||
output { inState }
|
||||
timestamp(TEST_TX_TIME_1)
|
||||
|
||||
this `fails with` "transaction has a single command"
|
||||
|
||||
tweak {
|
||||
command(acmeCorp.owningKey) { UniversalContract.Commands.Issue() }
|
||||
this `fails with` "the transaction is signed by all liable parties"
|
||||
}
|
||||
tweak {
|
||||
command(highStreetBank.owningKey) { UniversalContract.Commands.Issue() }
|
||||
this `fails with` "the transaction is signed by all liable parties"
|
||||
}
|
||||
|
||||
command(highStreetBank.owningKey, acmeCorp.owningKey) { UniversalContract.Commands.Issue() }
|
||||
|
||||
this.verifies()
|
||||
}
|
||||
}
|
||||
|
||||
@Test
|
||||
fun `maturity, bank exercise`() {
|
||||
transaction {
|
||||
input { inState }
|
||||
output { outState1 }
|
||||
output { outState2 }
|
||||
|
||||
timestamp(TEST_TX_TIME_AFTER_MATURITY)
|
||||
|
||||
tweak {
|
||||
command(highStreetBank.owningKey) { UniversalContract.Commands.Action("some undefined name") }
|
||||
this `fails with` "action must be defined"
|
||||
}
|
||||
tweak {
|
||||
command(highStreetBank.owningKey) { UniversalContract.Commands.Action("exercise") }
|
||||
this `fails with` "condition must be met"
|
||||
}
|
||||
tweak {
|
||||
command(acmeCorp.owningKey) { UniversalContract.Commands.Action("exercise") }
|
||||
this `fails with` "condition must be met"
|
||||
}
|
||||
tweak {
|
||||
command(acmeCorp.owningKey) { UniversalContract.Commands.Action("expire") }
|
||||
this `fails with` "condition must be met"
|
||||
}
|
||||
|
||||
command(highStreetBank.owningKey) { UniversalContract.Commands.Action("expire") }
|
||||
|
||||
this.verifies()
|
||||
}
|
||||
}
|
||||
|
||||
@Test
|
||||
fun `maturity, corp exercise`() {
|
||||
transaction {
|
||||
input { inState }
|
||||
output { outState1 }
|
||||
output { outState2 }
|
||||
|
||||
timestamp(TEST_TX_TIME_BEFORE_MATURITY)
|
||||
|
||||
tweak {
|
||||
command(acmeCorp.owningKey) { UniversalContract.Commands.Action("some undefined name") }
|
||||
this `fails with` "action must be defined"
|
||||
}
|
||||
tweak {
|
||||
command(acmeCorp.owningKey) { UniversalContract.Commands.Action("expire") }
|
||||
this `fails with` "condition must be met"
|
||||
}
|
||||
tweak {
|
||||
command(highStreetBank.owningKey) { UniversalContract.Commands.Action("expire") }
|
||||
this `fails with` "condition must be met"
|
||||
}
|
||||
tweak {
|
||||
command(highStreetBank.owningKey) { UniversalContract.Commands.Action("exercise") }
|
||||
this `fails with` "condition must be met"
|
||||
}
|
||||
|
||||
command(acmeCorp.owningKey) { UniversalContract.Commands.Action("exercise") }
|
||||
|
||||
this.verifies()
|
||||
}
|
||||
}
|
||||
|
||||
@Test @Ignore
|
||||
fun `pretty print`() {
|
||||
println ( prettyPrint(initialContract) )
|
||||
|
||||
println ( prettyPrint(outContract1) )
|
||||
|
||||
println ( prettyPrint(outContract2) )
|
||||
}
|
||||
|
||||
}
|
@ -2,6 +2,7 @@ package net.corda.contracts.universal
|
||||
|
||||
import net.corda.core.utilities.DUMMY_NOTARY
|
||||
import net.corda.testing.transaction
|
||||
import org.junit.Ignore
|
||||
import org.junit.Test
|
||||
import java.time.Instant
|
||||
|
||||
@ -12,24 +13,24 @@ class FXSwap {
|
||||
|
||||
val contract = arrange {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"execute".givenThat(after("2017-09-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1200.K, USD)
|
||||
acmeCorp.owes(highStreetBank, 1.M, EUR)
|
||||
highStreetBank.owes(acmeCorp, 1070.K, EUR)
|
||||
acmeCorp.owes(highStreetBank, 1.M, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
val transfer1 = arrange { highStreetBank.owes(acmeCorp, 1200.K, USD) }
|
||||
val transfer2 = arrange { acmeCorp.owes(highStreetBank, 1.M, EUR) }
|
||||
val transfer1 = arrange { highStreetBank.owes(acmeCorp, 1070.K, EUR) }
|
||||
val transfer2 = arrange { acmeCorp.owes(highStreetBank, 1.M, USD) }
|
||||
|
||||
val outState1 = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), transfer1)
|
||||
val outState2 = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), transfer2)
|
||||
|
||||
val transferBad1 = arrange { highStreetBank.owes(acmeCorp, 1200.K, GBP) } // wrong currency
|
||||
val transferBad2 = arrange { acmeCorp.owes(highStreetBank, 900.K, EUR) } // wrong amount
|
||||
val transferBad3 = arrange { highStreetBank.owes(highStreetBank, 1.M, EUR) } // wrong party
|
||||
val transferBad1 = arrange { highStreetBank.owes(acmeCorp, 1070.K, USD) } // wrong currency
|
||||
val transferBad2 = arrange { acmeCorp.owes(highStreetBank, 900.K, USD) } // wrong amount
|
||||
val transferBad3 = arrange { highStreetBank.owes(highStreetBank, 1070.K, EUR) } // wrong party
|
||||
|
||||
val outStateBad1 = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), transferBad1)
|
||||
val outStateBad2 = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), transferBad2)
|
||||
@ -108,7 +109,7 @@ class FXSwap {
|
||||
timestamp(TEST_TX_TIME_1)
|
||||
|
||||
command(momAndPop.owningKey) { UniversalContract.Commands.Action("execute") }
|
||||
this `fails with` "action must be authorized"
|
||||
this `fails with` "condition must be met"
|
||||
}
|
||||
}
|
||||
|
||||
@ -175,4 +176,10 @@ class FXSwap {
|
||||
this `fails with` "output states must match action result state"
|
||||
}
|
||||
}
|
||||
|
||||
@Test @Ignore
|
||||
fun `pretty print`() {
|
||||
println ( prettyPrint(contract) )
|
||||
}
|
||||
|
||||
}
|
||||
|
@ -5,6 +5,7 @@ import net.corda.core.contracts.Frequency
|
||||
import net.corda.core.contracts.Tenor
|
||||
import net.corda.core.utilities.DUMMY_NOTARY
|
||||
import net.corda.testing.transaction
|
||||
import org.junit.Ignore
|
||||
import org.junit.Test
|
||||
import java.time.Instant
|
||||
import java.time.LocalDate
|
||||
@ -33,15 +34,15 @@ class IRS {
|
||||
val contractInitial = arrange {
|
||||
rollOut("2016-09-01".ld, "2018-09-01".ld, Frequency.Quarterly) {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
(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 {
|
||||
"pay floating" anytime {
|
||||
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||
next()
|
||||
}
|
||||
"pay fixed".anytime {
|
||||
"pay fixed" anytime {
|
||||
highStreetBank.owes(acmeCorp, fixed - floating, currency)
|
||||
next()
|
||||
}
|
||||
@ -51,11 +52,11 @@ class IRS {
|
||||
}
|
||||
val contractAfterFixingFirst = arrange {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
(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 {
|
||||
"pay floating" anytime {
|
||||
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||
rollOut("2016-12-01".ld, "2018-09-01".ld, Frequency.Quarterly) {
|
||||
actions {
|
||||
@ -63,11 +64,11 @@ class IRS {
|
||||
val nextFloating = interest(notional, "act/365", fix("LIBOR", start, Tenor("3M")), start, end)
|
||||
val nextFixed = interest(notional, "act/365", 0.5.bd, start, end)
|
||||
|
||||
"pay floating".anytime {
|
||||
"pay floating" anytime {
|
||||
highStreetBank.owes(acmeCorp, nextFloating - nextFixed, currency)
|
||||
next()
|
||||
}
|
||||
"pay fixed".anytime {
|
||||
"pay fixed" anytime {
|
||||
highStreetBank.owes(acmeCorp, nextFixed - nextFloating, currency)
|
||||
next()
|
||||
}
|
||||
@ -75,7 +76,7 @@ class IRS {
|
||||
}
|
||||
}
|
||||
}
|
||||
"pay fixed".anytime {
|
||||
"pay fixed" anytime {
|
||||
highStreetBank.owes(acmeCorp, fixed - floating, currency)
|
||||
rollOut("2016-12-01".ld, "2018-09-01".ld, Frequency.Quarterly) {
|
||||
actions {
|
||||
@ -83,11 +84,11 @@ class IRS {
|
||||
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 {
|
||||
"pay floating" anytime {
|
||||
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||
next()
|
||||
}
|
||||
"pay fixed".anytime {
|
||||
"pay fixed" anytime {
|
||||
highStreetBank.owes(acmeCorp, fixed - floating, currency)
|
||||
next()
|
||||
}
|
||||
@ -102,15 +103,15 @@ class IRS {
|
||||
val contractAfterExecutionFirst = arrange {
|
||||
rollOut("2016-12-01".ld, "2018-09-01".ld, Frequency.Quarterly) {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
(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 {
|
||||
"pay floating" anytime {
|
||||
highStreetBank.owes(acmeCorp, floating - fixed, currency)
|
||||
next()
|
||||
}
|
||||
"pay fixed".anytime {
|
||||
"pay fixed" anytime {
|
||||
highStreetBank.owes(acmeCorp, fixed - floating, currency)
|
||||
next()
|
||||
}
|
||||
@ -129,11 +130,6 @@ class IRS {
|
||||
val statePaymentFirst = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), paymentFirst)
|
||||
|
||||
|
||||
@Test
|
||||
fun ser1() {
|
||||
|
||||
}
|
||||
|
||||
@Test
|
||||
fun issue() {
|
||||
transaction {
|
||||
@ -218,5 +214,13 @@ class IRS {
|
||||
}
|
||||
}
|
||||
|
||||
@Test @Ignore
|
||||
fun `pretty print`() {
|
||||
println ( prettyPrint(contractInitial) )
|
||||
|
||||
println ( prettyPrint(contractAfterFixingFirst) )
|
||||
|
||||
println ( prettyPrint(contractAfterExecutionFirst) )
|
||||
}
|
||||
|
||||
}
|
||||
|
@ -67,7 +67,7 @@ class RollOutTests {
|
||||
val contract_action1 = arrange {
|
||||
actions {
|
||||
highStreetBank may {
|
||||
"do it".anytime {
|
||||
"do it" anytime {
|
||||
highStreetBank.owes(acmeCorp, 10.K, USD)
|
||||
}
|
||||
}
|
||||
@ -76,7 +76,7 @@ class RollOutTests {
|
||||
val contract_action2 = arrange {
|
||||
actions {
|
||||
highStreetBank may {
|
||||
"do it".anytime {
|
||||
"do it" anytime {
|
||||
highStreetBank.owes(acmeCorp, 10.K, USD)
|
||||
}
|
||||
}
|
||||
@ -85,14 +85,14 @@ class RollOutTests {
|
||||
val contract_and1 = arrange {
|
||||
actions {
|
||||
highStreetBank may {
|
||||
"do it".anytime {
|
||||
"do it" anytime {
|
||||
highStreetBank.owes(acmeCorp, 10.K, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
actions {
|
||||
acmeCorp may {
|
||||
"do it".anytime {
|
||||
"do it" anytime {
|
||||
acmeCorp.owes(momAndPop, 10.K, USD)
|
||||
}
|
||||
}
|
||||
@ -103,14 +103,14 @@ class RollOutTests {
|
||||
val contract_and2 = arrange {
|
||||
actions {
|
||||
highStreetBank may {
|
||||
"do it".anytime {
|
||||
"do it" anytime {
|
||||
highStreetBank.owes(acmeCorp, 10.K, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
actions {
|
||||
acmeCorp may {
|
||||
"do it".anytime {
|
||||
"do it" anytime {
|
||||
acmeCorp.owes(momAndPop, 10.K, USD)
|
||||
}
|
||||
}
|
||||
|
@ -1,125 +1,84 @@
|
||||
package net.corda.contracts.universal
|
||||
|
||||
import net.corda.core.contracts.Frequency
|
||||
import net.corda.core.contracts.Tenor
|
||||
import net.corda.core.utilities.DUMMY_NOTARY
|
||||
import net.corda.testing.transaction
|
||||
import org.junit.Ignore
|
||||
import org.junit.Test
|
||||
import java.time.Instant
|
||||
import java.time.LocalDate
|
||||
|
||||
class Swaption {
|
||||
val notional = 10.M
|
||||
val currency = USD
|
||||
val coupon = 1.5.bd
|
||||
|
||||
val dreary_contract = arrange {
|
||||
val TEST_TX_TIME_1: Instant get() = Instant.parse("2017-09-02T12:00:00.00Z")
|
||||
|
||||
val notional = 50.M
|
||||
val currency = EUR
|
||||
|
||||
val tradeDate: LocalDate = LocalDate.of(2016, 9, 1)
|
||||
|
||||
val contractInitial = arrange {
|
||||
|
||||
actions {
|
||||
(highStreetBank or acmeCorp).may {
|
||||
"proceed".givenThat(after("01/07/2015")) {
|
||||
highStreetBank.owes(acmeCorp, libor(notional, "01/04/2015", "01/07/2015"), currency)
|
||||
acmeCorp.owes(highStreetBank, interest(notional, "act/365", coupon, "01/04/2015", "01/07/2015"), currency)
|
||||
actions {
|
||||
(highStreetBank or acmeCorp).may {
|
||||
"proceed".givenThat(after("01/10/2015")) {
|
||||
highStreetBank.owes(acmeCorp, libor(notional, "01/07/2015", "01/10/2015"), currency)
|
||||
acmeCorp.owes(highStreetBank, interest(notional, "act/365", coupon, "01/07/2015", "01/10/2015"), currency)
|
||||
|
||||
actions {
|
||||
(highStreetBank or acmeCorp).may {
|
||||
"dummy".anytime { zero }
|
||||
// etc ...
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
actions {
|
||||
acmeCorp.may {
|
||||
"cancel".anytime {
|
||||
acmeCorp.owes(highStreetBank, 10.K, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
acmeCorp.may {
|
||||
"cancel".anytime {
|
||||
acmeCorp.owes(highStreetBank, 10.K, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
|
||||
val elegant_contract = arrange {
|
||||
rollOut("01/04/2015".ld, "01/04/2025".ld, Frequency.Quarterly) {
|
||||
actions {
|
||||
(highStreetBank or acmeCorp).may {
|
||||
"proceed".givenThat(after(start)) {
|
||||
highStreetBank.owes(acmeCorp, libor(notional, start, end), currency)
|
||||
acmeCorp.owes(highStreetBank, interest(notional, "act/365", coupon, start, end), currency)
|
||||
next()
|
||||
}
|
||||
}
|
||||
acmeCorp.may {
|
||||
"cancel".anytime {
|
||||
acmeCorp.owes(highStreetBank, 10.K, currency)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
val strike = 1.2
|
||||
|
||||
val tarf = arrange {
|
||||
rollOut("01/04/2015".ld, "01/04/2016".ld, Frequency.Quarterly, object {
|
||||
val cap = variable(150.K)
|
||||
}) {
|
||||
actions {
|
||||
acmeCorp.may {
|
||||
"exercise".givenThat(before(end)) {
|
||||
val payout = (EUR / USD - strike).plus() * notional
|
||||
|
||||
acmeCorp may {
|
||||
"exercise" anytime {
|
||||
rollOut("2016-09-01".ld, "2018-09-01".ld, Frequency.Quarterly) {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
"proceed".givenThat(after(end)) {
|
||||
highStreetBank.owes(acmeCorp, payout, USD)
|
||||
next(vars.cap to vars.cap - payout)
|
||||
(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()
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
(acmeCorp or highStreetBank).may {
|
||||
"proceedWithoutExercise".givenThat(after(end)) {
|
||||
next()
|
||||
}
|
||||
}
|
||||
|
||||
highStreetBank may {
|
||||
"expire".givenThat(after("2016-09-01"))
|
||||
{
|
||||
zero
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
}
|
||||
|
||||
val tarf2 = arrange {
|
||||
rollOut("01/04/2015".ld, "01/04/2016".ld, Frequency.Quarterly, object {
|
||||
val uses = variable(4)
|
||||
}) {
|
||||
actions {
|
||||
acmeCorp.may {
|
||||
"exercise".givenThat(before(end)) {
|
||||
val payout = (EUR / USD - strike).plus() * notional
|
||||
val stateInitial = UniversalContract.State(listOf(DUMMY_NOTARY.owningKey), contractInitial)
|
||||
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
"proceed".givenThat(after(end)) {
|
||||
highStreetBank.owes(acmeCorp, payout, currency)
|
||||
next(vars.uses to vars.uses - 1)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
(acmeCorp or highStreetBank).may {
|
||||
"proceedWithoutExercise".givenThat(after(end)) {
|
||||
next()
|
||||
}
|
||||
}
|
||||
@Test
|
||||
fun issue() {
|
||||
transaction {
|
||||
output { stateInitial }
|
||||
timestamp(TEST_TX_TIME_1)
|
||||
|
||||
this `fails with` "transaction has a single command"
|
||||
|
||||
tweak {
|
||||
command(acmeCorp.owningKey) { UniversalContract.Commands.Issue() }
|
||||
this `fails with` "the transaction is signed by all liable parties"
|
||||
}
|
||||
|
||||
command(highStreetBank.owningKey) { UniversalContract.Commands.Issue() }
|
||||
|
||||
this.verifies()
|
||||
}
|
||||
}
|
||||
|
||||
@Test @Ignore
|
||||
fun `pretty print`() {
|
||||
println ( prettyPrint(contractInitial) )
|
||||
}
|
||||
|
||||
|
||||
}
|
||||
|
@ -9,7 +9,7 @@ class ZeroCouponBond {
|
||||
|
||||
val contract = arrange {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank).may {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"execute".givenThat(after("2017-09-01")) {
|
||||
highStreetBank.owes(acmeCorp, 100.K, GBP)
|
||||
}
|
||||
@ -19,7 +19,7 @@ class ZeroCouponBond {
|
||||
|
||||
val contractMove = arrange {
|
||||
actions {
|
||||
(momAndPop or highStreetBank).may {
|
||||
(momAndPop or highStreetBank) may {
|
||||
"execute".givenThat(after("2017-09-01")) {
|
||||
highStreetBank.owes(momAndPop, 100.K, GBP)
|
||||
}
|
||||
@ -90,7 +90,7 @@ class ZeroCouponBond {
|
||||
timestamp(TEST_TX_TIME_1)
|
||||
|
||||
command(momAndPop.owningKey) { UniversalContract.Commands.Action("execute") }
|
||||
this `fails with` "action must be authorized"
|
||||
this `fails with` "condition must be met"
|
||||
}
|
||||
}
|
||||
|
||||
|
@ -1,114 +0,0 @@
|
||||
package net.corda.contracts.universal
|
||||
|
||||
import net.corda.core.contracts.USD
|
||||
|
||||
// various example arrangements using basic syntax
|
||||
|
||||
val cds_contract = arrange {
|
||||
actions {
|
||||
acmeCorp may {
|
||||
"claim".givenThat(acmeCorporationHasDefaulted and before("2017-09-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
// fx swap
|
||||
// both parties have the right to trigger the exchange of cash flows
|
||||
val an_fx_swap = arrange {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"execute".givenThat(after("2017-09-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1200.K, USD)
|
||||
acmeCorp.owes(highStreetBank, 1.M, EUR)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
val american_fx_option = arrange {
|
||||
actions {
|
||||
acmeCorp may {
|
||||
"exercise".givenThat(before("2017-09-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1200.K, USD)
|
||||
acmeCorp.owes(highStreetBank, 1.M, EUR)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
val european_fx_option = arrange {
|
||||
actions {
|
||||
acmeCorp may {
|
||||
"exercise".givenThat(before("2017-09-01")) {
|
||||
fx_swap("2017-09-01", 1.M, 1.2.bd, EUR, USD, acmeCorp, highStreetBank)
|
||||
}
|
||||
}
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"expire".anytime {
|
||||
zero
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
val contractZeroCouponBond = arrange {
|
||||
actions {
|
||||
acmeCorp may {
|
||||
"execute".givenThat(after("2017-11-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
// maybe in the presence of negative interest rates you would want other side of contract to be able to take initiative as well
|
||||
val zero_coupon_bond_2 = arrange {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"execute".givenThat(after("2017-09-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
// no touch
|
||||
// Party Receiver
|
||||
// Party Giver
|
||||
//
|
||||
// Giver has right to annul contract if barrier is breached
|
||||
// Receiver has right to receive money at/after expiry
|
||||
//
|
||||
// Assume observable is using FX fixing
|
||||
//
|
||||
val no_touch = arrange {
|
||||
actions {
|
||||
(acmeCorp or highStreetBank) may {
|
||||
"execute".givenThat(after("2017-09-01")) {
|
||||
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||
}
|
||||
}
|
||||
highStreetBank may {
|
||||
"knock out".givenThat(EUR / USD gt 1.3) {
|
||||
zero
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
||||
|
||||
val one_touch = arrange {
|
||||
actions {
|
||||
highStreetBank may {
|
||||
"expire".givenThat(after("2017-09-01")) {
|
||||
zero
|
||||
}
|
||||
}
|
||||
acmeCorp may {
|
||||
"knock in".givenThat(EUR / USD gt 1.3) {
|
||||
highStreetBank.owes(acmeCorp, 1.M, USD)
|
||||
}
|
||||
}
|
||||
}
|
||||
}
|
Loading…
Reference in New Issue
Block a user