Bond structuring/lifecycling - Invalid Bond at requesting time

App Development2 posts234 views2 likesLast activity Mar 2023

jvelasco.intellecteuOP

Mar 2023 1

Hi,

Checking out the Bond package I’ve seen that there are some constraints checked regarding the schedule at lifecycling time. I wonder why these constrains are not checked at structuring time as well.

Thanks!
Jose

Markus_Friberg

Mar 2023 1

Hi Jose,

Thanks for pointing this out. I think it would make sense to check that during instrument creation as well. I have opened a ticket for it:

github.com/digital-asset/daml-finance

Verify dynamic instruments at construction

opened 10:09AM - 30 Mar 23 UTC

markus-da

component-bond component-swap component-option

Currently, the contingent claims tree for dynamic instruments is only created on…-the-fly, when needed. This is generally a desired property, but it has the disadvantage that some problems (e.g. related to the schedule) are not noticed until the instrument is lifecycled. In order to solve that, we could additionally create the contingent claims tree when the instrument is created.

Regards,
Markus

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