Delta Equivalent Position definition
Delta Equivalent Position means, for each Currency Option Transaction, the Delta multiplied by the U.S. dollar equivalent (as calculated by UBS in a commercially reasonable manner) of each currency to be received by UBS if such Currency Option Transaction were exercised, as calculated by UBS.
Delta Equivalent Position means, as of a date of determination in respect of each Vanilla Option Transaction, the Delta multiplied by the USD Equivalent of each non-USD currency or Bullion to be received by UBS if such Vanilla Option Transaction were exercised on such date.