/*
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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