> ## Documentation Index
> Fetch the complete documentation index at: https://docs.activeviam.com/llms.txt
> Use this file to discover all available pages before exploring further.

# GIRR delta risk position correlations

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|                                      |                                                                                                                                             |
| ------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------- |
| **Description**                      | The correlation parameter between delta sensitivities within the same bucket, under the ‘Medium correlations’ scenario                      |
| **Variations**                       | [high-low](./high-low)                                                                                                                      |
| **Hierarchies required in the view** | [GIRR Delta Double Sums](./girr-delta-double-sums), [GIRR Buckets](./girr-buckets)                                                          |
| **Reference**                        | [\[MAR21.46\]](https://www.bis.org/basel_framework/chapter/MAR/21.htm?inforce=20230101\&published=20200327#paragraph_MAR_21_20230101_21_46) |
| **Notation**                         | $rho_kl MediumCorr$                                                                                                                         |

Correlation parameter $\rho_{kl}$ between delta sensitivities within the same bucket ('medium' correlation scenario).