Exchange Delta definition
Exchange Delta means, in respect of a Swap Transaction, the notional amount in USD of a Delta Position that the Portfolio Manager and the Reference Dealer agree that they would enter into in order to hedge 1 USD of such Swap Transaction.
Exchange Delta means, in respect of a Swap Transaction, the notional amount in Euro of a Delta Position that the Portfolio Manager and the Reference Dealer agree that they would enter into in order to hedge 1 Euro of such Swap Transaction.
Examples of Exchange Delta in a sentence
As a result of the Exchange, Delta will own substantially all the Common Stock of Global, which will be operated as a subsidiary.