Delta One
With Delta One particular group is financial derivatives refer to operations where the performance of the underlying security is almost exactly reproduced.
backgrounds
Equities , bonds , commodities and indices of all kinds can be used as the base value of a Delta One product . Since it is usually technically difficult to really accurately map an underlying asset with a lever, the issuing banks construct artificial products accordingly, whereby they service part of the risk themselves. Prominent examples of Delta One products are exchange traded funds (ETF), equity swaps, and futures .