Commodity Delta Risk Position Correlations

sbm
Description The correlation parameter between delta sensitivities within the same bucket, under the ‘Medium correlations’ scenario
Hierarchies required in the view
Reference [MAR21.83]
Notation $\rho_{kl}^{MediumCorr}$

For each bucket, the factors $\rho_{kl}^{cty}$, $\rho_{kl}^{tenor}$ and $\rho_{kl}^{basis}$ and looked up based on cases cty, tenor, basis - represented by the levels in the hierarchy [Double Sums].[Commodity Delta Double Sums].

See also