
Delta The sensitivity of an option price to changes
in the price of the underlying product. Also
used to determine the amount of underlying
needed to hedge a derivative position and
vice versa.
Dematerialised (form) Circumstances where securities are held
in a book entry transfer system with no
certificates.
Department of Trade Department of government responsible for
and Industry some commercial matters including monop-
olies and prosecution of insider dealing. Also
issues some guidelines on use of derivatives.
Derivative A financial instrument whose value is
dependent upon the value of an underlying
asset. ...