What is Delta One?
1.
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.
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1.
Named after the city adjacent to Ann Arbor, Michigan. An Ypsilanti Plume is when a prostitute farts blood on to your chest.
Hey honey, ..
