Package com.opengamma.strata.product.swap

Enum NegativeRateMethod

java.lang.Object

java.lang.Enum<NegativeRateMethod>

com.opengamma.strata.product.swap.NegativeRateMethod

All Implemented Interfaces:

Named, NamedEnum, Serializable, Comparable<NegativeRateMethod>

public enum NegativeRateMethod
extends Enum<NegativeRateMethod>
implements NamedEnum

A convention defining how to handle a negative interest rate.

When calculating a floating rate, the result may be negative. This convention defines whether to allow the negative value or round to zero.

Enum Constant Summary

Enum Constants

Enum Constant	Description
ALLOW_NEGATIVE	The "Negative Interest Rate Method", that allows the rate to be negative.
NOT_NEGATIVE	The "Zero Rate Method", that prevents the rate from going below zero.

Method Summary

Modifier and Type	Method	Description
abstract double	adjust(double rate)	Adjusts the specified rate according to the rate method rule.
static NegativeRateMethod	of(String name)	Obtains an instance from the specified name.
String	toString()	Returns the formatted name of the type.
static NegativeRateMethod	valueOf(String name)	Returns the enum constant of this type with the specified name.
static NegativeRateMethod[]	values()	Returns an array containing the constants of this enum type, in the order they are declared.

Methods inherited from class java.lang.Enum

clone, compareTo, equals, finalize, getDeclaringClass, hashCode, name, ordinal, valueOf

Methods inherited from class java.lang.Object

getClass, notify, notifyAll, wait, wait, wait

Methods inherited from interface com.opengamma.strata.collect.named.NamedEnum

getName

Enum Constant Detail

ALLOW_NEGATIVE

public static final NegativeRateMethod ALLOW_NEGATIVE

The "Negative Interest Rate Method", that allows the rate to be negative.

When calculating a payment, negative rates are allowed and result in a payment in the opposite direction to that normally expected.

Defined by the 2006 ISDA definitions article 6.4b and 6.4c.

NOT_NEGATIVE

public static final NegativeRateMethod NOT_NEGATIVE

The "Zero Rate Method", that prevents the rate from going below zero.

When calculating a payment, or other amount during compounding, the rate is not allowed to go below zero.

Defined by the 2006 ISDA definitions article 6.4d and 6.4e.

Method Detail

values

public static NegativeRateMethod[] values()

Returns an array containing the constants of this enum type, in the order they are declared. This method may be used to iterate over the constants as follows:

for (NegativeRateMethod c : NegativeRateMethod.values())
    System.out.println(c);

Returns:

an array containing the constants of this enum type, in the order they are declared

valueOf

public static NegativeRateMethod valueOf(String name)

Returns the enum constant of this type with the specified name. The string must match exactly an identifier used to declare an enum constant in this type. (Extraneous whitespace characters are not permitted.)

Parameters:

name - the name of the enum constant to be returned.

Returns:

the enum constant with the specified name

Throws:

IllegalArgumentException - if this enum type has no constant with the specified name

NullPointerException - if the argument is null

of

public static NegativeRateMethod of(String name)

Obtains an instance from the specified name.

Parsing handles the mixed case form produced by toString() and the upper and lower case variants of the enum constant name.

Parameters:

name - the name to parse

Returns:

the type

Throws:

IllegalArgumentException - if the name is not known

adjust

public abstract double adjust(double rate)

Adjusts the specified rate according to the rate method rule.

Given a rate, the result will be either the same rate, or zero, depending on the enum constant the method is called on.

Parameters:

rate - the rate to adjust

Returns:

the adjusted result

toString

public String toString()

Returns the formatted name of the type.

Overrides:

toString in class Enum<NegativeRateMethod>

Returns:

the formatted string representing the type