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Basic Contract Functions

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Hart Lambur edited this page Jul 24, 2018 · 5 revisions

Abstract

The following standard specification outlines the core functions required for the bilateral derivative smart contract as originally specified in the TRS whitepaper.

Motivation

Specification

Core Contract Functions:

  • function remargin() external returns (bool success) Does the following:

    1. Call calcNPV() to determine the current contract value;
    2. Move funds between the margin and escrow accounts such that the escrow balance equals the current NPV;
    3. Call terminate() to determine if the contract should be terminated.

  • function calcNPV() internal returns (bool success) Recalculates the economic terms of the function.

  • function withdraw(address _destination, uint _amount) external returns (bool success) Allows either the maker or taker to withdraw funds from their respective margin accounts into their public wallet addresses.

  • function deposit(address _destination) external returns (bool success); Transfers incoming funds into the margin account of either the maker or taker.

  • function terminate() external returns (bool success) Does the following:

    1. Call calcNPV() to determine the current contract value;
    2. Move funds between the margin and escrow accounts such that the escrow balance equals the current NPV;
    3. Call terminate() to determine if the contract should be terminated.
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