FixFloatComponent.java
package org.drip.product.rates;
/*
* -*- mode: java; tab-width: 4; indent-tabs-mode: nil; c-basic-offset: 4 -*-
*/
/*!
* Copyright (C) 2020 Lakshmi Krishnamurthy
* Copyright (C) 2019 Lakshmi Krishnamurthy
* Copyright (C) 2018 Lakshmi Krishnamurthy
* Copyright (C) 2017 Lakshmi Krishnamurthy
* Copyright (C) 2016 Lakshmi Krishnamurthy
* Copyright (C) 2015 Lakshmi Krishnamurthy
* Copyright (C) 2014 Lakshmi Krishnamurthy
* Copyright (C) 2013 Lakshmi Krishnamurthy
*
* This file is part of DROP, an open-source library targeting analytics/risk, transaction cost analytics,
* asset liability management analytics, capital, exposure, and margin analytics, valuation adjustment
* analytics, and portfolio construction analytics within and across fixed income, credit, commodity,
* equity, FX, and structured products. It also includes auxiliary libraries for algorithm support,
* numerical analysis, numerical optimization, spline builder, model validation, statistical learning,
* and computational support.
*
* https://lakshmidrip.github.io/DROP/
*
* DROP is composed of three modules:
*
* - DROP Product Core - https://lakshmidrip.github.io/DROP-Product-Core/
* - DROP Portfolio Core - https://lakshmidrip.github.io/DROP-Portfolio-Core/
* - DROP Computational Core - https://lakshmidrip.github.io/DROP-Computational-Core/
*
* DROP Product Core implements libraries for the following:
* - Fixed Income Analytics
* - Loan Analytics
* - Transaction Cost Analytics
*
* DROP Portfolio Core implements libraries for the following:
* - Asset Allocation Analytics
* - Asset Liability Management Analytics
* - Capital Estimation Analytics
* - Exposure Analytics
* - Margin Analytics
* - XVA Analytics
*
* DROP Computational Core implements libraries for the following:
* - Algorithm Support
* - Computation Support
* - Function Analysis
* - Model Validation
* - Numerical Analysis
* - Numerical Optimizer
* - Spline Builder
* - Statistical Learning
*
* Documentation for DROP is Spread Over:
*
* - Main => https://lakshmidrip.github.io/DROP/
* - Wiki => https://github.com/lakshmiDRIP/DROP/wiki
* - GitHub => https://github.com/lakshmiDRIP/DROP
* - Repo Layout Taxonomy => https://github.com/lakshmiDRIP/DROP/blob/master/Taxonomy.md
* - Javadoc => https://lakshmidrip.github.io/DROP/Javadoc/index.html
* - Technical Specifications => https://github.com/lakshmiDRIP/DROP/tree/master/Docs/Internal
* - Release Versions => https://lakshmidrip.github.io/DROP/version.html
* - Community Credits => https://lakshmidrip.github.io/DROP/credits.html
* - Issues Catalog => https://github.com/lakshmiDRIP/DROP/issues
* - JUnit => https://lakshmidrip.github.io/DROP/junit/index.html
* - Jacoco => https://lakshmidrip.github.io/DROP/jacoco/index.html
*
* Licensed under the Apache License, Version 2.0 (the "License");
* you may not use this file except in compliance with the License.
*
* You may obtain a copy of the License at
* http://www.apache.org/licenses/LICENSE-2.0
*
* Unless required by applicable law or agreed to in writing, software
* distributed under the License is distributed on an "AS IS" BASIS,
* WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
*
* See the License for the specific language governing permissions and
* limitations under the License.
*/
/**
* <i>FixFloatComponent</i> contains the implementation of the Fix-Float Index Basis Swap product
* contract/valuation details. It is made off one Reference Fixed stream and one Derived floating stream. It
* exports the following functionality:
*
* <br><br>
* <ul>
* <li>
* Standard/Custom Constructor for the FixFloatComponent
* </li>
* <li>
* Dates: Effective, Maturity, Coupon dates and Product settlement Parameters
* </li>
* <li>
* Coupon/Notional Outstanding as well as schedules
* </li>
* <li>
* Retrieve the constituent floating streams
* </li>
* <li>
* Market Parameters: Discount, Forward, Credit, Treasury Curves
* </li>
* <li>
* Cash Flow Periods: Coupon flows and (Optionally) Loss Flows
* </li>
* <li>
* Valuation: Named Measure Generation
* </li>
* <li>
* Calibration: The codes and constraints generation
* </li>
* <li>
* Jacobians: Quote/DF and PV/DF micro-Jacobian generation
* </li>
* <li>
* Serialization into and de-serialization out of byte arrays
* </li>
* </ul>
*
* <br><br>
* <ul>
* <li><b>Module </b> = <a href = "https://github.com/lakshmiDRIP/DROP/tree/master/ProductCore.md">Product Core Module</a></li>
* <li><b>Library</b> = <a href = "https://github.com/lakshmiDRIP/DROP/tree/master/FixedIncomeAnalyticsLibrary.md">Fixed Income Analytics</a></li>
* <li><b>Project</b> = <a href = "https://github.com/lakshmiDRIP/DROP/tree/master/src/main/java/org/drip/product/README.md">Product Components/Baskets for Credit, FRA, FX, Govvie, Rates, and Option AssetClasses</a></li>
* <li><b>Package</b> = <a href = "https://github.com/lakshmiDRIP/DROP/tree/master/src/main/java/org/drip/product/rates/README.md">Fixed Income Multi-Stream Components</a></li>
* </ul>
* <br><br>
*
* @author Lakshmi Krishnamurthy
*/
public class FixFloatComponent extends org.drip.product.rates.DualStreamComponent
{
private java.lang.String _strCode = "";
private org.drip.product.rates.Stream _fixReference = null;
private org.drip.product.rates.Stream _floatDerived = null;
private org.drip.param.valuation.CashSettleParams _csp = null;
/**
* Construct the FixFloatComponent from the Reference Fixed and the Derived Floating Streams.
*
* @param fixReference The Reference Fixed Stream
* @param floatDerived The Derived Floating Stream
* @param csp Cash Settle Parameters Instance
*
* @throws java.lang.Exception Thrown if the inputs are invalid
*/
public FixFloatComponent (
final org.drip.product.rates.Stream fixReference,
final org.drip.product.rates.Stream floatDerived,
final org.drip.param.valuation.CashSettleParams csp)
throws java.lang.Exception
{
if (null == (_fixReference = fixReference) || null == (_floatDerived = floatDerived))
throw new java.lang.Exception ("FixFloatComponent ctr: Invalid Inputs");
_csp = csp;
}
@Override public void setPrimaryCode (
final java.lang.String strCode)
{
_strCode = strCode;
}
@Override public java.lang.String primaryCode()
{
return _strCode;
}
@Override public java.lang.String name()
{
return _strCode;
}
@Override public org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.String> couponCurrency()
{
org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.String> mapCouponCurrency = new
org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.String>();
mapCouponCurrency.put ("DERIVED", _floatDerived.couponCurrency());
mapCouponCurrency.put ("REFERENCE", _fixReference.couponCurrency());
return mapCouponCurrency;
}
@Override public java.lang.String payCurrency()
{
return _fixReference.payCurrency();
}
@Override public java.lang.String principalCurrency()
{
return null;
}
@Override public double initialNotional()
throws java.lang.Exception
{
return _fixReference.initialNotional();
}
@Override public double notional (
final int iDate)
throws java.lang.Exception
{
return _fixReference.notional (iDate);
}
@Override public double notional (
final int iDate1,
final int iDate2)
throws java.lang.Exception
{
return _fixReference.notional (iDate1, iDate2);
}
@Override public org.drip.analytics.output.CompositePeriodCouponMetrics couponMetrics (
final int iAccrualEndDate,
final org.drip.param.valuation.ValuationParams valParams,
final org.drip.param.market.CurveSurfaceQuoteContainer csqs)
{
return null;
}
@Override public int freq()
{
return _fixReference.freq();
}
@Override public org.drip.state.identifier.EntityCDSLabel creditLabel()
{
return _fixReference.creditLabel();
}
@Override public
org.drip.analytics.support.CaseInsensitiveTreeMap<org.drip.state.identifier.ForwardLabel>
forwardLabel()
{
org.drip.analytics.support.CaseInsensitiveTreeMap<org.drip.state.identifier.ForwardLabel>
mapForwardLabel = new
org.drip.analytics.support.CaseInsensitiveTreeMap<org.drip.state.identifier.ForwardLabel>();
mapForwardLabel.put ("DERIVED", _floatDerived.forwardLabel());
return mapForwardLabel;
}
@Override public
org.drip.analytics.support.CaseInsensitiveTreeMap<org.drip.state.identifier.OTCFixFloatLabel>
otcFixFloatLabel()
{
return null;
}
@Override public org.drip.state.identifier.FundingLabel fundingLabel()
{
return _fixReference.fundingLabel();
}
@Override public org.drip.state.identifier.GovvieLabel govvieLabel()
{
return org.drip.state.identifier.GovvieLabel.Standard (payCurrency());
}
@Override public org.drip.analytics.support.CaseInsensitiveTreeMap<org.drip.state.identifier.FXLabel>
fxLabel()
{
org.drip.state.identifier.FXLabel fxLabelReference = _fixReference.fxLabel();
org.drip.state.identifier.FXLabel fxLabelDerived = _floatDerived.fxLabel();
if (null != fxLabelReference && null != fxLabelDerived) return null;
org.drip.analytics.support.CaseInsensitiveTreeMap<org.drip.state.identifier.FXLabel> mapFXLabel = new
org.drip.analytics.support.CaseInsensitiveTreeMap<org.drip.state.identifier.FXLabel>();
if (null != fxLabelReference) mapFXLabel.put ("REFERENCE", fxLabelReference);
if (null != fxLabelDerived) mapFXLabel.put ("DERIVED", fxLabelDerived);
return mapFXLabel;
}
@Override public
org.drip.analytics.support.CaseInsensitiveTreeMap<org.drip.state.identifier.VolatilityLabel>
volatilityLabel()
{
return null;
}
@Override public org.drip.product.rates.Stream referenceStream()
{
return _fixReference;
}
@Override public org.drip.product.rates.Stream derivedStream()
{
return _floatDerived;
}
@Override public org.drip.analytics.date.JulianDate effectiveDate()
{
org.drip.analytics.date.JulianDate dtFloatReferenceEffective = _fixReference.effective();
org.drip.analytics.date.JulianDate dtFloatDerivedEffective = _floatDerived.effective();
return dtFloatReferenceEffective.julian() < dtFloatDerivedEffective.julian() ?
dtFloatReferenceEffective : dtFloatDerivedEffective;
}
@Override public org.drip.analytics.date.JulianDate maturityDate()
{
org.drip.analytics.date.JulianDate dtFixReferenceMaturity = _fixReference.maturity();
org.drip.analytics.date.JulianDate dtFloatDerivedMaturity = _floatDerived.maturity();
return dtFixReferenceMaturity.julian() > dtFloatDerivedMaturity.julian() ?
dtFixReferenceMaturity : dtFloatDerivedMaturity;
}
@Override public org.drip.analytics.date.JulianDate firstCouponDate()
{
org.drip.analytics.date.JulianDate dtFloatReferenceFirstCoupon = _fixReference.firstCouponDate();
org.drip.analytics.date.JulianDate dtFloatDerivedFirstCoupon = _floatDerived.firstCouponDate();
return dtFloatReferenceFirstCoupon.julian() < dtFloatDerivedFirstCoupon.julian() ?
dtFloatReferenceFirstCoupon : dtFloatDerivedFirstCoupon;
}
@Override public java.util.List<org.drip.analytics.cashflow.CompositePeriod> couponPeriods()
{
java.util.List<org.drip.analytics.cashflow.CompositePeriod> lsCP = new
java.util.ArrayList<org.drip.analytics.cashflow.CompositePeriod>();
lsCP.addAll (_fixReference.cashFlowPeriod());
lsCP.addAll (_floatDerived.cashFlowPeriod());
return lsCP;
}
@Override public org.drip.param.valuation.CashSettleParams cashSettleParams()
{
return _csp;
}
@Override public org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.Double> value (
final org.drip.param.valuation.ValuationParams valParams,
final org.drip.param.pricer.CreditPricerParams pricerParams,
final org.drip.param.market.CurveSurfaceQuoteContainer csqs,
final org.drip.param.valuation.ValuationCustomizationParams quotingParams)
{
long lStart = System.nanoTime();
int iValueDate = valParams.valueDate();
org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.Double> mapFixedReferenceStreamResult =
_fixReference.value (valParams, pricerParams, csqs, quotingParams);
org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.Double> mapFloatDerivedStreamResult =
_floatDerived.value (valParams, pricerParams, csqs, quotingParams);
if (null == mapFixedReferenceStreamResult || 0 == mapFixedReferenceStreamResult.size() || null ==
mapFloatDerivedStreamResult || 0 == mapFloatDerivedStreamResult.size())
return null;
org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.Double> mapResult = new
org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.Double>();
if (!org.drip.analytics.support.Helper.AccumulateMeasures (mapResult, _fixReference.name(),
mapFixedReferenceStreamResult))
return null;
if (!org.drip.analytics.support.Helper.AccumulateMeasures (mapResult, _floatDerived.name(),
mapFloatDerivedStreamResult))
return null;
double dblDerivedAccrued = mapFloatDerivedStreamResult.get ("Accrued");
double dblDerivedAccrued01 = mapFloatDerivedStreamResult.get ("Accrued01");
double dblDerivedCleanDV01 = mapFloatDerivedStreamResult.get ("CleanDV01");
double dblDerivedCleanPV = mapFloatDerivedStreamResult.get ("CleanPV");
double dblDerivedDirtyDV01 = mapFloatDerivedStreamResult.get ("DirtyDV01");
double dblDerivedDirtyPV = mapFloatDerivedStreamResult.get ("DirtyPV");
double dblDerivedPV = mapFloatDerivedStreamResult.get ("PV");
double dblDerivedCumulativeConvexityAdjustmentPremium = mapFloatDerivedStreamResult.get
("CumulativeConvexityAdjustmentPremiumUpfront");
double dblDerivedCumulativeCouponAmount = mapFloatDerivedStreamResult.get ("CumulativeCouponAmount");
double dblDerivedCumulativeCouponDCF = mapFloatDerivedStreamResult.get ("CumulativeCouponDCF");
double dblFixing01 = mapFloatDerivedStreamResult.get ("Fixing01");
double dblReferenceAccrued = mapFixedReferenceStreamResult.get ("Accrued");
double dblReferenceAccrued01 = mapFixedReferenceStreamResult.get ("Accrued01");
double dblReferenceCleanDV01 = mapFixedReferenceStreamResult.get ("CleanDV01");
double dblReferenceCleanPV = mapFixedReferenceStreamResult.get ("CleanPV");
double dblReferenceDirtyPV = mapFixedReferenceStreamResult.get ("DirtyPV");
double dblReferenceCumulativeConvexityAdjustmentPremium = mapFixedReferenceStreamResult.get
("CumulativeConvexityAdjustmentPremium");
double dblReferenceCumulativeCouponAmount = mapFixedReferenceStreamResult.get
("CumulativeCouponAmount");
double dblReferenceCumulativeCouponDCF = mapFixedReferenceStreamResult.get ("CumulativeCouponDCF");
double dblValueNotional = java.lang.Double.NaN;
double dblAccrued = dblDerivedAccrued + dblReferenceAccrued;
double dblCleanPV = dblReferenceCleanPV + dblDerivedCleanPV;
double dblParFixedCoupon = -0.0001 * dblDerivedCleanPV / dblReferenceCleanDV01;
mapResult.put ("Accrued", dblAccrued);
mapResult.put ("CleanFixedDV01", dblReferenceCleanDV01);
mapResult.put ("CleanFloatingDV01", dblDerivedCleanDV01);
mapResult.put ("CleanFloatingPV", dblDerivedCleanPV);
mapResult.put ("CleanPV", dblCleanPV);
mapResult.put ("CumulativeConvexityAdjustmentPremium", _fixReference.initialNotional() *
dblReferenceCumulativeConvexityAdjustmentPremium + _floatDerived.initialNotional() *
dblDerivedCumulativeConvexityAdjustmentPremium);
mapResult.put ("CumulativeCouponAmount", dblDerivedCumulativeCouponAmount +
dblReferenceCumulativeCouponAmount);
mapResult.put ("CumulativeCouponDCF", dblDerivedCumulativeCouponDCF +
dblReferenceCumulativeCouponDCF);
mapResult.put ("DerivedAccrued", dblDerivedAccrued);
mapResult.put ("DerivedAccrued01", dblDerivedAccrued01);
mapResult.put ("DerivedCleanDV01", dblDerivedCleanDV01);
mapResult.put ("DerivedCleanPV", dblDerivedCleanPV);
mapResult.put ("DerivedDirtyDV01", dblDerivedDirtyDV01);
mapResult.put ("DerivedDirtyPV", dblDerivedDirtyPV);
mapResult.put ("DerivedDV01", dblDerivedCleanDV01);
mapResult.put ("DerivedFixing01", dblFixing01);
mapResult.put ("DerivedParBasisSpread", -1. * dblCleanPV / dblDerivedCleanDV01);
mapResult.put ("DerivedPV", dblDerivedPV);
mapResult.put ("DerivedCumulativeConvexityAdjustmentFactor", mapFloatDerivedStreamResult.get
("CumulativeConvexityAdjustmentFactor"));
mapResult.put ("DerivedCumulativeConvexityAdjustmentPremium",
dblDerivedCumulativeConvexityAdjustmentPremium);
mapResult.put ("DerivedCumulativeCouponAmount", dblDerivedCumulativeCouponAmount);
mapResult.put ("DerivedCumulativeCouponDCF", dblDerivedCumulativeCouponDCF);
mapResult.put ("DerivedResetDate", mapFloatDerivedStreamResult.get ("ResetDate"));
mapResult.put ("DerivedResetRate", mapFloatDerivedStreamResult.get ("ResetRate"));
mapResult.put ("DirtyFixedDV01", mapFixedReferenceStreamResult.get ("DirtyDV01"));
mapResult.put ("DirtyFixedPV", dblReferenceDirtyPV);
mapResult.put ("DirtyFloatingDV01", dblDerivedDirtyDV01);
mapResult.put ("DirtyFloatingPV", dblDerivedDirtyPV);
mapResult.put ("DirtyPV", dblDerivedDirtyPV + dblReferenceDirtyPV);
mapResult.put ("FairPremium", dblParFixedCoupon);
mapResult.put ("FixedAccrued", dblReferenceAccrued);
mapResult.put ("FixedAccrued01", dblReferenceAccrued01);
mapResult.put ("FixedDV01", dblReferenceCleanDV01);
mapResult.put ("FloatAccrued", dblDerivedAccrued);
mapResult.put ("FloatAccrued01", dblDerivedAccrued01);
mapResult.put ("FloatDV01", dblDerivedCleanDV01);
mapResult.put ("Fixing01", dblFixing01);
mapResult.put ("ParFixedCoupon", dblParFixedCoupon);
mapResult.put ("ParRate", dblParFixedCoupon);
mapResult.put ("ParSwapRate", dblParFixedCoupon);
mapResult.put ("PV", dblCleanPV);
mapResult.put ("Rate", dblParFixedCoupon);
mapResult.put ("ReferenceAccrued", dblReferenceAccrued);
mapResult.put ("ReferenceAccrued01", dblReferenceAccrued01);
mapResult.put ("ReferenceCleanDV01", dblReferenceCleanDV01);
mapResult.put ("ReferenceCleanPV", dblReferenceCleanPV);
mapResult.put ("ReferenceCumulativeCouponAmount", dblReferenceCumulativeCouponAmount);
mapResult.put ("ReferenceCumulativeCouponDCF", dblReferenceCumulativeCouponDCF);
mapResult.put ("ReferenceDirtyDV01", mapFixedReferenceStreamResult.get ("DirtyDV01"));
mapResult.put ("ReferenceDirtyPV", dblReferenceDirtyPV);
mapResult.put ("ReferenceDV01", dblReferenceCleanDV01);
mapResult.put ("ReferenceParBasisSpread", -1. * dblCleanPV / dblReferenceCleanDV01);
mapResult.put ("ReferencePV", dblReferenceCleanPV);
mapResult.put ("ReferenceCumulativeConvexityAdjustmentFactor", mapFixedReferenceStreamResult.get
("CumulativeConvexityAdjustmentFactor"));
mapResult.put ("ReferenceCumulativeConvexityAdjustmentPremium",
dblReferenceCumulativeConvexityAdjustmentPremium);
mapResult.put ("ResetDate", mapFloatDerivedStreamResult.get ("ResetDate"));
mapResult.put ("ResetRate", mapFloatDerivedStreamResult.get ("ResetRate"));
mapResult.put ("SwapRate", dblParFixedCoupon);
mapResult.put ("Upfront", mapFixedReferenceStreamResult.get ("Upfront") +
mapFloatDerivedStreamResult.get ("Upfront"));
try {
dblValueNotional = notional (iValueDate);
mapResult.put ("InitialNotional", initialNotional());
} catch (java.lang.Exception e) {
e.printStackTrace();
}
try {
if (org.drip.numerical.common.NumberUtil.IsValid (dblValueNotional)) {
double dblCleanPrice = 100. * (1. + (dblCleanPV / initialNotional() / dblValueNotional));
org.drip.state.discount.MergedDiscountForwardCurve dcFunding = csqs.fundingState (fundingLabel());
if (null == dcFunding) return null;
int iStartDate = effectiveDate().julian();
double dblTelescopedFloatingPV = dcFunding.df (iStartDate > iValueDate ? iStartDate :
iValueDate) - dcFunding.df (maturityDate());
mapResult.put ("CalibFloatingPV", dblTelescopedFloatingPV);
mapResult.put ("CalibSwapRate", java.lang.Math.abs (0.0001 * dblTelescopedFloatingPV /
dblReferenceCleanDV01 * notional (iValueDate)));
mapResult.put ("CleanPrice", dblCleanPrice);
mapResult.put ("DirtyPrice", dblCleanPrice + dblAccrued);
mapResult.put ("Price", dblCleanPrice);
}
} catch (java.lang.Exception e) {
e.printStackTrace();
return null;
}
mapResult.put ("CalcTime", (System.nanoTime() - lStart) * 1.e-09);
return mapResult;
}
@Override public java.util.Set<java.lang.String> measureNames()
{
java.util.Set<java.lang.String> setstrMeasureNames = new java.util.TreeSet<java.lang.String>();
setstrMeasureNames.add ("Accrued");
setstrMeasureNames.add ("CalcTime");
setstrMeasureNames.add ("CalibFloatingPV");
setstrMeasureNames.add ("CalibSwapRate");
setstrMeasureNames.add ("CleanFixedDV01");
setstrMeasureNames.add ("CleanFloatingDV01");
setstrMeasureNames.add ("CleanFloatingPV");
setstrMeasureNames.add ("CleanPrice");
setstrMeasureNames.add ("CleanPV");
setstrMeasureNames.add ("CumulativeCouponAmount");
setstrMeasureNames.add ("CumulativeCouponDCF");
setstrMeasureNames.add ("DerivedAccrued01");
setstrMeasureNames.add ("DerivedAccrued");
setstrMeasureNames.add ("DerivedCleanDV01");
setstrMeasureNames.add ("DerivedCleanPV");
setstrMeasureNames.add ("DerivedCumulativeCouponAmount");
setstrMeasureNames.add ("DerivedCumulativeCouponDCF");
setstrMeasureNames.add ("DerivedDirtyDV01");
setstrMeasureNames.add ("DerivedDirtyPV");
setstrMeasureNames.add ("DerivedDV01");
setstrMeasureNames.add ("DerivedFixing01");
setstrMeasureNames.add ("DerivedParBasisSpread");
setstrMeasureNames.add ("DerivedPV");
setstrMeasureNames.add ("DerivedCumulativeConvexityAdjustmentFactor");
setstrMeasureNames.add ("DerivedCumulativeConvexityAdjustmentPremium");
setstrMeasureNames.add ("DerivedResetDate");
setstrMeasureNames.add ("DerivedResetRate");
setstrMeasureNames.add ("DirtyFixedDV01");
setstrMeasureNames.add ("DirtyFixedPV");
setstrMeasureNames.add ("DirtyFloatingDV01");
setstrMeasureNames.add ("DirtyFloatingPV");
setstrMeasureNames.add ("DirtyPrice");
setstrMeasureNames.add ("DirtyPV");
setstrMeasureNames.add ("FairPremium");
setstrMeasureNames.add ("FixedAccrued");
setstrMeasureNames.add ("FixedAccrued01");
setstrMeasureNames.add ("FixedDV01");
setstrMeasureNames.add ("FloatAccrued");
setstrMeasureNames.add ("FloatAccrued01");
setstrMeasureNames.add ("FloatDV01");
setstrMeasureNames.add ("Fixing01");
setstrMeasureNames.add ("InitialNotional");
setstrMeasureNames.add ("ParFixedCoupon");
setstrMeasureNames.add ("ParRate");
setstrMeasureNames.add ("ParSwapRate");
setstrMeasureNames.add ("Price");
setstrMeasureNames.add ("PV");
setstrMeasureNames.add ("CumulativeConvexityAdjustmentPremium");
setstrMeasureNames.add ("Rate");
setstrMeasureNames.add ("ReferenceAccrued");
setstrMeasureNames.add ("ReferenceAccrued01");
setstrMeasureNames.add ("ReferenceCleanDV01");
setstrMeasureNames.add ("ReferenceCleanPV");
setstrMeasureNames.add ("ReferenceCumulativeCouponAmount");
setstrMeasureNames.add ("ReferenceCumulativeCouponDCF");
setstrMeasureNames.add ("ReferenceDirtyDV01");
setstrMeasureNames.add ("ReferenceDirtyPV");
setstrMeasureNames.add ("ReferenceDV01");
setstrMeasureNames.add ("ReferenceParBasisSpread");
setstrMeasureNames.add ("ReferencePV");
setstrMeasureNames.add ("ReferenceCumulativeConvexityAdjustmentFactor");
setstrMeasureNames.add ("ReferenceCumulativeConvexityAdjustmentPremium");
setstrMeasureNames.add ("ResetDate");
setstrMeasureNames.add ("ResetRate");
setstrMeasureNames.add ("SwapRate");
setstrMeasureNames.add ("Upfront");
return setstrMeasureNames;
}
@Override public double pv (
final org.drip.param.valuation.ValuationParams valParams,
final org.drip.param.pricer.CreditPricerParams pricerParams,
final org.drip.param.market.CurveSurfaceQuoteContainer csqs,
final org.drip.param.valuation.ValuationCustomizationParams quotingParams)
throws java.lang.Exception
{
org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.Double> mapFixedReferenceStreamResult =
_fixReference.value (valParams, pricerParams, csqs, quotingParams);
org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.Double> mapFloatDerivedStreamResult =
_floatDerived.value (valParams, pricerParams, csqs, quotingParams);
if (null == mapFixedReferenceStreamResult || !mapFixedReferenceStreamResult.containsKey ("DirtyPV")
|| null == mapFloatDerivedStreamResult || !mapFloatDerivedStreamResult.containsKey ("DirtyPV"))
throw new java.lang.Exception
("FixFloatComponent::pv => Cannot Compute Constituent Stream Value Metrics");
return mapFixedReferenceStreamResult.get ("DirtyPV") + mapFloatDerivedStreamResult.get ("DirtyPV");
}
@Override public org.drip.numerical.differentiation.WengertJacobian jackDDirtyPVDManifestMeasure (
final org.drip.param.valuation.ValuationParams valParams,
final org.drip.param.pricer.CreditPricerParams pricerParams,
final org.drip.param.market.CurveSurfaceQuoteContainer csqs,
final org.drip.param.valuation.ValuationCustomizationParams quotingParams)
{
org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.Double> mapMeasures = value (valParams,
pricerParams, csqs, quotingParams);
if (null == mapMeasures || !mapMeasures.containsKey ("SwapRate")) return null;
double dblParSwapRate = mapMeasures.get ("SwapRate");
org.drip.numerical.differentiation.WengertJacobian jackDDirtyPVDManifestMeasureFloating =
_floatDerived.jackDDirtyPVDManifestMeasure (valParams, pricerParams, csqs, quotingParams);
if (null == jackDDirtyPVDManifestMeasureFloating) return null;
int iNumQuote = jackDDirtyPVDManifestMeasureFloating.numParameters();
if (0 == iNumQuote) return null;
org.drip.numerical.differentiation.WengertJacobian jackDDirtyPVDManifestMeasureFixed =
_fixReference.jackDDirtyPVDManifestMeasure (valParams, pricerParams, csqs, quotingParams);
if (null == jackDDirtyPVDManifestMeasureFixed || iNumQuote !=
jackDDirtyPVDManifestMeasureFixed.numParameters())
return null;
double dblNotionalScaleDown = java.lang.Double.NaN;
org.drip.numerical.differentiation.WengertJacobian jackDDirtyPVDManifestMeasureIRS = null;
if (null == jackDDirtyPVDManifestMeasureIRS) {
try {
dblNotionalScaleDown = 1. / initialNotional();
jackDDirtyPVDManifestMeasureIRS = new org.drip.numerical.differentiation.WengertJacobian (1, iNumQuote);
} catch (java.lang.Exception e) {
e.printStackTrace();
return null;
}
}
for (int i = 0; i < iNumQuote; ++i) {
if (!jackDDirtyPVDManifestMeasureIRS.accumulatePartialFirstDerivative (0, i, dblNotionalScaleDown
* (dblParSwapRate * jackDDirtyPVDManifestMeasureFixed.firstDerivative (0, i) +
jackDDirtyPVDManifestMeasureFloating.firstDerivative (0, i))))
return null;
}
return jackDDirtyPVDManifestMeasureIRS;
}
@Override public org.drip.numerical.differentiation.WengertJacobian manifestMeasureDFMicroJack (
final java.lang.String strManifestMeasure,
final org.drip.param.valuation.ValuationParams valParams,
final org.drip.param.pricer.CreditPricerParams pricerParams,
final org.drip.param.market.CurveSurfaceQuoteContainer csqs,
final org.drip.param.valuation.ValuationCustomizationParams quotingParams)
{
if (null == valParams || valParams.valueDate() >= maturityDate().julian() || null ==
strManifestMeasure || null == csqs)
return null;
if ("Rate".equalsIgnoreCase (strManifestMeasure) || "SwapRate".equalsIgnoreCase (strManifestMeasure))
{
org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.Double> mapMeasures = value
(valParams, pricerParams, csqs, quotingParams);
if (null == mapMeasures) return null;
double dblDirtyDV01 = mapMeasures.get ("DirtyDV01");
double dblParSwapRate = mapMeasures.get ("SwapRate");
try {
org.drip.numerical.differentiation.WengertJacobian wjSwapRateDFMicroJack = null;
org.drip.state.discount.MergedDiscountForwardCurve dcFunding = csqs.fundingState (fundingLabel());
if (null == dcFunding) return null;
for (org.drip.analytics.cashflow.CompositePeriod p : couponPeriods()) {
int iPeriodPayDate = p.payDate();
if (iPeriodPayDate < valParams.valueDate()) continue;
org.drip.numerical.differentiation.WengertJacobian wjPeriodFwdRateDF =
dcFunding.jackDForwardDManifestMeasure (p.startDate(), p.endDate(), "Rate",
p.couponDCF());
org.drip.numerical.differentiation.WengertJacobian wjPeriodPayDFDF =
dcFunding.jackDDFDManifestMeasure (iPeriodPayDate, "Rate");
if (null == wjPeriodFwdRateDF || null == wjPeriodPayDFDF) continue;
double dblForwardRate = dcFunding.libor (p.startDate(), p.endDate());
double dblPeriodPayDF = dcFunding.df (iPeriodPayDate);
if (null == wjSwapRateDFMicroJack)
wjSwapRateDFMicroJack = new org.drip.numerical.differentiation.WengertJacobian (1,
wjPeriodFwdRateDF.numParameters());
double dblPeriodNotional = notional (p.startDate(), p.endDate());
double dblPeriodDCF = p.couponDCF();
for (int k = 0; k < wjPeriodFwdRateDF.numParameters(); ++k) {
double dblPeriodMicroJack = (dblForwardRate - dblParSwapRate) *
wjPeriodPayDFDF.firstDerivative (0, k) + dblPeriodPayDF *
wjPeriodFwdRateDF.firstDerivative (0, k);
if (!wjSwapRateDFMicroJack.accumulatePartialFirstDerivative (0, k, dblPeriodNotional
* dblPeriodDCF * dblPeriodMicroJack / dblDirtyDV01))
return null;
}
}
return wjSwapRateDFMicroJack;
} catch (java.lang.Exception e) {
e.printStackTrace();
}
}
return null;
}
@Override public org.drip.product.calib.ProductQuoteSet calibQuoteSet (
final org.drip.state.representation.LatentStateSpecification[] aLSS)
{
try {
return new org.drip.product.calib.FixFloatQuoteSet (aLSS);
} catch (java.lang.Exception e) {
e.printStackTrace();
}
return null;
}
@Override public org.drip.state.estimator.PredictorResponseWeightConstraint fundingPRWC (
final org.drip.param.valuation.ValuationParams valParams,
final org.drip.param.pricer.CreditPricerParams pricerParams,
final org.drip.param.market.CurveSurfaceQuoteContainer csqs,
final org.drip.param.valuation.ValuationCustomizationParams quotingParams,
final org.drip.product.calib.ProductQuoteSet pqs)
{
if (null == valParams || valParams.valueDate() >= maturityDate().julian() || null == pqs || !(pqs
instanceof org.drip.product.calib.FixFloatQuoteSet))
return null;
double dblPV = 0.;
org.drip.product.calib.FixedStreamQuoteSet fsqsReference = null;
org.drip.product.calib.FloatingStreamQuoteSet fsqsDerived = null;
org.drip.product.calib.FixFloatQuoteSet ffqs = (org.drip.product.calib.FixFloatQuoteSet) pqs;
if (!ffqs.containsPV() && !ffqs.containsSwapRate() && !ffqs.containsDerivedParBasisSpread() &&
!ffqs.containsReferenceParBasisSpread())
return null;
org.drip.state.representation.LatentStateSpecification[] aLSS = pqs.lss();
try {
fsqsDerived = new org.drip.product.calib.FloatingStreamQuoteSet (aLSS);
fsqsReference = new org.drip.product.calib.FixedStreamQuoteSet (aLSS);
if (ffqs.containsPV()) dblPV = ffqs.pv();
if (ffqs.containsSwapRate())
fsqsReference.setCoupon (ffqs.swapRate());
else if (ffqs.containsRate())
fsqsReference.setCoupon (ffqs.rate());
if (ffqs.containsDerivedParBasisSpread()) fsqsDerived.setSpread (ffqs.derivedParBasisSpread());
if (ffqs.containsReferenceParBasisSpread())
fsqsReference.setCouponBasis (ffqs.referenceParBasisSpread());
} catch (java.lang.Exception e) {
e.printStackTrace();
return null;
}
org.drip.state.estimator.PredictorResponseWeightConstraint prwcDerived = _floatDerived.fundingPRWC
(valParams, pricerParams, csqs, quotingParams, fsqsDerived);
org.drip.state.estimator.PredictorResponseWeightConstraint prwcReference = _fixReference.fundingPRWC
(valParams, pricerParams, csqs, quotingParams, fsqsReference);
if (null == prwcDerived && null == prwcReference) return null;
org.drip.state.estimator.PredictorResponseWeightConstraint prwc = new
org.drip.state.estimator.PredictorResponseWeightConstraint();
if (!prwc.absorb (prwcDerived)) return null;
if (!prwc.absorb (prwcReference)) return null;
return !prwc.updateValue (dblPV) ? null : prwc;
}
@Override public org.drip.state.estimator.PredictorResponseWeightConstraint forwardPRWC (
final org.drip.param.valuation.ValuationParams valParams,
final org.drip.param.pricer.CreditPricerParams pricerParams,
final org.drip.param.market.CurveSurfaceQuoteContainer csqs,
final org.drip.param.valuation.ValuationCustomizationParams quotingParams,
final org.drip.product.calib.ProductQuoteSet pqs)
{
if (null == valParams || valParams.valueDate() >= maturityDate().julian() || null == pqs || !(pqs
instanceof org.drip.product.calib.FixFloatQuoteSet))
return null;
double dblPV = 0.;
org.drip.product.calib.FixedStreamQuoteSet fsqsReference = null;
org.drip.product.calib.FloatingStreamQuoteSet fsqsDerived = null;
org.drip.product.calib.FixFloatQuoteSet ffqs = (org.drip.product.calib.FixFloatQuoteSet) pqs;
if (!ffqs.containsPV() && !ffqs.containsSwapRate() && !ffqs.containsDerivedParBasisSpread() &&
!ffqs.containsReferenceParBasisSpread())
return null;
org.drip.state.representation.LatentStateSpecification[] aLSS = pqs.lss();
try {
fsqsDerived = new org.drip.product.calib.FloatingStreamQuoteSet (aLSS);
fsqsReference = new org.drip.product.calib.FixedStreamQuoteSet (aLSS);
if (ffqs.containsPV()) dblPV = ffqs.pv();
if (ffqs.containsSwapRate()) fsqsReference.setCoupon (ffqs.swapRate());
if (ffqs.containsDerivedParBasisSpread()) fsqsDerived.setSpread (ffqs.derivedParBasisSpread());
if (ffqs.containsReferenceParBasisSpread())
fsqsReference.setCouponBasis (ffqs.referenceParBasisSpread());
} catch (java.lang.Exception e) {
e.printStackTrace();
return null;
}
org.drip.state.estimator.PredictorResponseWeightConstraint prwcDerived = _floatDerived.forwardPRWC
(valParams, pricerParams, csqs, quotingParams, fsqsDerived);
org.drip.state.estimator.PredictorResponseWeightConstraint prwcReference = _fixReference.forwardPRWC
(valParams, pricerParams, csqs, quotingParams, fsqsReference);
if (null == prwcDerived && null == prwcReference) return null;
org.drip.state.estimator.PredictorResponseWeightConstraint prwc = new
org.drip.state.estimator.PredictorResponseWeightConstraint();
if (!prwc.absorb (prwcDerived)) return null;
if (!prwc.absorb (prwcReference)) return null;
return !prwc.updateValue (dblPV) ? null : prwc;
}
@Override public org.drip.state.estimator.PredictorResponseWeightConstraint fundingForwardPRWC (
final org.drip.param.valuation.ValuationParams valParams,
final org.drip.param.pricer.CreditPricerParams pricerParams,
final org.drip.param.market.CurveSurfaceQuoteContainer csqs,
final org.drip.param.valuation.ValuationCustomizationParams quotingParams,
final org.drip.product.calib.ProductQuoteSet pqs)
{
if (null == valParams || valParams.valueDate() >= maturityDate().julian() || null == pqs || !(pqs
instanceof org.drip.product.calib.FixFloatQuoteSet))
return null;
double dblPV = 0.;
org.drip.product.calib.FixedStreamQuoteSet fsqsReference = null;
org.drip.product.calib.FloatingStreamQuoteSet fsqsDerived = null;
org.drip.product.calib.FixFloatQuoteSet ffqs = (org.drip.product.calib.FixFloatQuoteSet) pqs;
if (!ffqs.containsPV() && !ffqs.containsSwapRate() && !ffqs.containsDerivedParBasisSpread() &&
!ffqs.containsReferenceParBasisSpread())
return null;
org.drip.state.representation.LatentStateSpecification[] aLSS = pqs.lss();
try {
fsqsDerived = new org.drip.product.calib.FloatingStreamQuoteSet (aLSS);
fsqsReference = new org.drip.product.calib.FixedStreamQuoteSet (aLSS);
if (ffqs.containsPV()) dblPV = ffqs.pv();
if (ffqs.containsSwapRate())
fsqsReference.setCoupon (ffqs.swapRate());
else if (ffqs.containsRate())
fsqsReference.setCoupon (ffqs.rate());
if (ffqs.containsDerivedParBasisSpread()) fsqsDerived.setSpread (ffqs.derivedParBasisSpread());
if (ffqs.containsReferenceParBasisSpread())
fsqsReference.setCouponBasis (ffqs.referenceParBasisSpread());
} catch (java.lang.Exception e) {
e.printStackTrace();
return null;
}
org.drip.state.estimator.PredictorResponseWeightConstraint prwcDerived =
_floatDerived.fundingForwardPRWC (valParams, pricerParams, csqs, quotingParams, fsqsDerived);
org.drip.state.estimator.PredictorResponseWeightConstraint prwcReference =
_fixReference.fundingForwardPRWC (valParams, pricerParams, csqs, quotingParams, fsqsReference);
if (null == prwcDerived && null == prwcReference) return null;
org.drip.state.estimator.PredictorResponseWeightConstraint prwc = new
org.drip.state.estimator.PredictorResponseWeightConstraint();
if (!prwc.absorb (prwcDerived)) return null;
if (!prwc.absorb (prwcReference)) return null;
return !prwc.updateValue (dblPV) ? null : prwc;
}
@Override public org.drip.state.estimator.PredictorResponseWeightConstraint fxPRWC (
final org.drip.param.valuation.ValuationParams valParams,
final org.drip.param.pricer.CreditPricerParams pricerParams,
final org.drip.param.market.CurveSurfaceQuoteContainer csqs,
final org.drip.param.valuation.ValuationCustomizationParams vcp,
final org.drip.product.calib.ProductQuoteSet pqs)
{
return null;
}
@Override public org.drip.state.estimator.PredictorResponseWeightConstraint govviePRWC (
final org.drip.param.valuation.ValuationParams valParams,
final org.drip.param.pricer.CreditPricerParams pricerParams,
final org.drip.param.market.CurveSurfaceQuoteContainer csqs,
final org.drip.param.valuation.ValuationCustomizationParams vcp,
final org.drip.product.calib.ProductQuoteSet pqs)
{
return null;
}
@Override public org.drip.state.estimator.PredictorResponseWeightConstraint volatilityPRWC (
final org.drip.param.valuation.ValuationParams valParams,
final org.drip.param.pricer.CreditPricerParams pricerParams,
final org.drip.param.market.CurveSurfaceQuoteContainer csqs,
final org.drip.param.valuation.ValuationCustomizationParams quotingParams,
final org.drip.product.calib.ProductQuoteSet pqs)
{
return null;
}
@Override public org.drip.analytics.support.CaseInsensitiveTreeMap<java.lang.Double> calibMeasures (
final org.drip.param.valuation.ValuationParams valParams,
final org.drip.param.pricer.CreditPricerParams pricerParams,
final org.drip.param.market.CurveSurfaceQuoteContainer csqs,
final org.drip.param.valuation.ValuationCustomizationParams quotingParams)
{
return null;
}
}