Mid Delta definition
Mid Delta means a nominal amount where a credit default swap of the relevant Reference Entity with a maturity date of the CDS Hedging Maturity has the same variation in net present value as the credit default swap when the mid market spread curve in respect of that Reference Entity is increased by one basis point, converted in the Standard Currency of the Reference Entity using the relevant FX rate, as determined by Calculation Agent acting in good faith and in a commercially reasonable manner.