What is Delta One?
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In financial derivatives, where the hedge position corresponds one-for-one with the notional of the derivative.
This is always true of forwards and swaps: thus, Jérôme Kerviel, as a swaps trader, was on SocGen's Delta One desk.
The amount of money that Kerviel was making, as a Delta One trader with a 500K risk limit, was suspicious.
See
Random Words:
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randomnosity: (n.) 1. a case of randomness
Meg had a case of Randomnosity when she thought she made the word up, when in reality JC ..
1.
A Jekyll & Hyde type transformation that lets out the dark side of a usually sensible and respected memeber of the community after t..
