bbldc_basicisma30360.h

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/// @file bbldc_basicisma30360.h
///
/// The content of this file has been pre-processed for Doxygen.
///
 
 
// bbldc_basicisma30360.h                                             -*-C++-*-
#ifndef INCLUDED_BBLDC_BASICISMA30360
#define INCLUDED_BBLDC_BASICISMA30360
 
#include <bsls_ident.h>
BSLS_IDENT("$Id: $")
 
/// @defgroup bbldc_basicisma30360 bbldc_basicisma30360
/// @brief  Provide stateless functions for the ISMA 30/360 convention.
/// @addtogroup bbl
/// @{
/// @addtogroup bbldc
/// @{
/// @addtogroup bbldc_basicisma30360
/// @{
///
/// <h1> Outline </h1>
/// * <a href="#bbldc_basicisma30360-purpose"> Purpose</a>
/// * <a href="#bbldc_basicisma30360-classes"> Classes </a>
/// * <a href="#bbldc_basicisma30360-description"> Description </a>
///   * <a href="#bbldc_basicisma30360-isma-30360-day-count-algorithm"> ISMA 30360 Day Count Algorithm </a>
///   * <a href="#bbldc_basicisma30360-usage"> Usage </a>
///     * <a href="#bbldc_basicisma30360-example-1-computing-day-count-and-year-fraction"> Example 1: Computing Day Count and Year Fraction </a>
///
/// # Purpose {#bbldc_basicisma30360-purpose}
/// Provide stateless functions for the ISMA 30/360 convention.
///
/// # Classes {#bbldc_basicisma30360-classes}
///
/// -  bbldc::BasicIsma30360: ISMA 30/360 convention stateless functions
///
/// # Description {#bbldc_basicisma30360-description}
/// This component provides a `struct`, `bbldc::BasicIsma30360`,
/// that serves as a namespace for defining a suite of date-related functions
/// used to compute the day count and year fraction between two dates as per the
/// ISMA 30/360 day-count convention.  In this day-count convention (also known
/// as "European 30/360"), each year is assumed to have 12 months and 360 days,
/// with each month consisting of exactly 30 days.  End-of-month rule
/// adjustments are *not* made to account for the last day of February.
///
/// ## ISMA 30360 Day Count Algorithm {#bbldc_basicisma30360-isma-30360-day-count-algorithm}
///
///
/// Given `beginDate` and `endDate`, let:
/// @code
/// Ye =  year of earlier date           Yl =  year of later date
/// Me = month of earlier date           Ml = month of later date
/// De =   day of earlier date           Dl =   day of later date
///
///   o If De is 31, change De to 30.
///
///   o If Dl is 31, change Dl to 30.
///
/// daysDiff ::= sign(endDate - beginDate) *
///                                   (Yl - Ye) * 360 + (Ml - Me) * 30 + Dl - De
/// @endcode
/// Reference: Formulae For Yield And Other Calculations (1992)
///            ISBN: 0-9515474-0-2
///
/// Note that in this day-count convention, dates (`De` and `Dl`) are adjusted
/// independently of each other.
///
/// The year fraction is simply the day count divided by 360.
///
/// ## Usage {#bbldc_basicisma30360-usage}
///
///
/// This section illustrates intended use of this component.
///
/// ### Example 1: Computing Day Count and Year Fraction {#bbldc_basicisma30360-example-1-computing-day-count-and-year-fraction}
///
///
/// The following snippets of code illustrate how to use `bbldc::BasicIsma30360`
/// methods.  First, create two `bdlt::Date` variables, `d1` and `d2`:
/// @code
/// const bdlt::Date d1(2004,  9, 30);
/// const bdlt::Date d2(2004, 12, 31);
/// @endcode
/// Then, compute the day count between the two dates:
/// @code
/// const int daysDiff = bbldc::BasicIsma30360::daysDiff(d1, d2);
/// assert(90 == daysDiff);
/// @endcode
/// Finally, compute the year fraction between the two dates:
/// @code
/// const double yearsDiff = bbldc::BasicIsma30360::yearsDiff(d1, d2);
/// assert(0.25 == yearsDiff);
/// @endcode
/// @}
/** @} */
/** @} */
 
/** @addtogroup bbl
 * @{
 */
/** @addtogroup bbldc
 * @{
 */
/** @addtogroup bbldc_basicisma30360
 * @{
 */
 
#include <bblscm_version.h>
 
 
namespace bdlt {
 
class Date;
 
}  // close namespace bdlt
 
namespace bbldc {
 
                          // =====================
                          // struct BasicIsma30360
                          // =====================
 
/// This `struct` provides a namespace for a suite of pure functions that
/// compute values based on dates according to the ISMA 30/360 day-count
/// convention.
struct BasicIsma30360 {
 
    // CLASS METHODS
 
    /// Return the (signed) number of days between the specified `beginDate`
    /// and `endDate` according to the ISMA 30/360 day-count convention.  If
    /// `beginDate <= endDate`, then the result is non-negative.  Note that
    /// reversing the order of `beginDate` and `endDate` negates the result.
    static int daysDiff(const bdlt::Date& beginDate,
                        const bdlt::Date& endDate);
 
    /// Return the (signed fractional) number of years between the specified
    /// `beginDate` and `endDate` according to the ISMA 30/360 day-count
    /// convention.  If `beginDate <= endDate`, then the result is
    /// non-negative.  Note that reversing the order of `beginDate` and
    /// `endDate` negates the result; specifically,
    /// `|yearsDiff(b, e) + yearsDiff(e, b)| <= 1.0e-15` for all dates `b`
    /// and `e`.
    static double yearsDiff(const bdlt::Date& beginDate,
                            const bdlt::Date& endDate);
};
 
}  // close package namespace
 
 
#endif
 
// ----------------------------------------------------------------------------
// Copyright 2015 Bloomberg Finance L.P.
//
// 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.
// ----------------------------- END-OF-FILE ----------------------------------
 
/** @} */
/** @} */
/** @} */