/*
 Copyright (C) 2008 Srinivas Hasti

 This source code is release under the BSD License.

 This file is part of JQuantLib, a free-software/open-source library
 for financial quantitative analysts and developers - http://jquantlib.org/

 JQuantLib is free software: you can redistribute it and/or modify it
 under the terms of the JQuantLib license.  You should have received a
 copy of the license along with this program; if not, please email
 . The license is also available online at
 .

 This program is distributed in the hope that it will be useful, but WITHOUT
 ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS
 FOR A PARTICULAR PURPOSE.  See the license for more details.

 JQuantLib is based on QuantLib. http://quantlib.org/
 When applicable, the original copyright notice follows this notice.
 */

package org.jquantlib.time.calendars;

import static org.jquantlib.time.Month.April;
import static org.jquantlib.time.Month.August;
import static org.jquantlib.time.Month.December;
import static org.jquantlib.time.Month.January;
import static org.jquantlib.time.Month.June;
import static org.jquantlib.time.Month.May;
import static org.jquantlib.time.Month.November;

import org.jquantlib.lang.annotation.QualityAssurance;
import org.jquantlib.lang.annotation.QualityAssurance.Quality;
import org.jquantlib.lang.annotation.QualityAssurance.Version;
import org.jquantlib.lang.exceptions.LibraryException;
import org.jquantlib.time.Calendar;
import org.jquantlib.time.Date;
import org.jquantlib.time.Month;
import org.jquantlib.time.Weekday;

/**
 *
 * Italian calendars Public holidays:
 * 
    *
  • Saturdays
  • *
  • Sundays
  • *
  • New Year's Day, JANUARY 1st
  • *
  • Epiphany, JANUARY 6th
  • *
  • Easter Monday
  • *
  • Liberation Day, April 25th
  • *
  • Labour Day, May 1st
  • *
  • Republic Day, June 2nd (since 2000)
  • *
  • Assumption, August 15th
  • *
  • All Saint's Day, November 1st
  • *
  • Immaculate Conception Day, December 8th
  • *
  • Christmas Day, December 25th
  • *
  • St. Stephen's Day, December 26th
  • *
* * Holidays for the stock exchange (data from http://www.borsaitalia.it): *
    *
  • Saturdays
  • *
  • Sundays
  • *
  • New Year's Day, JANUARY 1st
  • *
  • Good Friday
  • *
  • Easter Monday
  • *
  • Labour Day, May 1st
  • *
  • Assumption, August 15th
  • *
  • Christmas' Eve, December 24th
  • *
  • Christmas, December 25th
  • *
  • St. Stephen, December 26th
  • *
  • New Year's Eve, December 31st
  • *
* * @test the correctness of the returned results is tested against a list of known holidays. * * @category calendars * @see Borsa Italiana * * @author Srinivas Hasti * @author Zahid Hussain */ @QualityAssurance(quality = Quality.Q3_DOCUMENTATION, version = Version.V097, reviewers = { "Zahid Hussain" }) public class Italy extends Calendar { public static enum Market { /** * Generic settlement calendar */ Settlement, /** * Milan stock-exchange calendar */ Exchange } // // public constructors // public Italy() { this(Market.Settlement); } public Italy(final Market market) { switch (market) { case Settlement: impl = new SettlementImpl(); break; case Exchange: impl = new ExchangeImpl(); break; default: throw new LibraryException(UNKNOWN_MARKET); } } // // private final inner classes // private final class SettlementImpl extends WesternImpl { @Override public String name() { return "Italian settlement"; } @Override public boolean isBusinessDay(final Date date) { final Weekday w = date.weekday(); final int d = date.dayOfMonth(), dd = date.dayOfYear(); final Month m = date.month(); final int y = date.year(); final int em = easterMonday(y); if (isWeekend(w) // New Year's Day || (d == 1 && m == January) // Epiphany || (d == 6 && m == January) // Easter Monday || (dd == em) // Liberation Day || (d == 25 && m == April) // Labour Day || (d == 1 && m == May) // Republic Day || (d == 2 && m == June && y >= 2000) // Assumption || (d == 15 && m == August) // All Saints' Day || (d == 1 && m == November) // Immaculate Conception || (d == 8 && m == December) // Christmas || (d == 25 && m == December) // St. Stephen || (d == 26 && m == December) // DECEMBER 31st, 1999 only || (d == 31 && m == December && y == 1999)) { return false; } return true; } } private final class ExchangeImpl extends WesternImpl { @Override public String name() { return "Milan stock exchange"; } @Override public boolean isBusinessDay(final Date date) { final Weekday w = date.weekday(); final int d = date.dayOfMonth(), dd = date.dayOfYear(); final Month m = date.month(); final int y = date.year(); final int em = easterMonday(y); if (isWeekend(w) // New Year's Day || (d == 1 && m == January) // Good Friday || (dd == em - 3) // Easter Monday || (dd == em) // Labour Day || (d == 1 && m == May) // Assumption || (d == 15 && m == August) // Christmas' Eve || (d == 24 && m == December) // Christmas || (d == 25 && m == December) // St. Stephen || (d == 26 && m == December) // New Year's Eve || (d == 31 && m == December)) { return false; } return true; } } }

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