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.
Refers to the 9th Ring of Hell. Used as an extreme form of hell.
New Guy:"Hey fellas, This is my first day!"
Seasoned Emplo..